There is no doubt we will see some volatility on the back of the Fed statement and Powell's press conference. However it is important to understand the major trends and drivers in any market.
Jordan Roy-Byrne looks at the longer term charts for gold, silver, and gold miners to get a handle on what the next few months will look like. These metals have been a great run due to central bank easing expectations. However over the past couple weeks the bond market has experienced a major shift along with some inflation data that has investors pairing some of these extreme expectations. He discusses all of this while focusing on gold and silver.
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.