Jordan Roy-Byrne: What is the Gold Bearish Case?

The Daily Gold, Released on 5/17/22

In this video I analyze and critique the current bearish case for Gold. Is it a 1929 or 2008 style market crash? Is it extreme Fed tightening like what happened from 1979-1981? Is it an economic recovery like in the early 1980s and post 2011? The current bear case is Gold has some technical issues and the Fed could tighten a bit more. It could test the 40-month moving average at $1700 or even lower in a flash-crash type of scenario. Fundamentally, the Fed will have to tighten at least a bit more. The bond market is going to turn and force the Fed to stop before it gets to 2.25% or higher.

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

Jordan Roy-Byrne: What is the Gold Bearish Case? added by Herman James on 05/17/2022View all posts by Herman James ?+'