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Why The S&P Is The One To Watch For The Gold Price

Cory
July 11, 2018

Jordan Roy-Byrne, founder and editor of The Daily Gold joins me today to share his thoughts on why gold investors need to watch the S&P more closely than the USD. These comments are also tied into a bigger picture look at where the PMs are heading to the end of the year.

Click download link to listen on this device: Download Show

Click here to visit Jordan’s website for more valuable metals commentary.

Discussion
6 Comments
    Jul 11, 2018 11:33 PM

    Has China Pegged The $Gold Price To The Value Of SDRs? Jim Rickards has recently opined that the price of gold has been pegged by China at 900 SDRs per ounce.

    https://seekingalpha.com/article/4185877-china-pegged-gold-price-value-sdrs

      Jul 11, 2018 11:01 PM

      The author has it backwards. SDRs would be pegged to gold, not the other way around.

    Jul 11, 2018 11:16 PM

    Thanks for the comments Jordan.

    I like the idea of what you say about the S&P being more important to the direction of gold rather than the dollar. I think this was one of your better commentaries.

    Jul 12, 2018 12:20 AM

    SLV:GLD is trying to take back the 200 day MA and the so-called golden cross is coming soon…
    http://schrts.co/RoSZCi

      Jul 12, 2018 12:49 AM

      In case it’s not obvious to everyone, the above chart shows silver in a very bullish pattern versus gold since the April low and that is bullish for the whole sector.

    Jul 12, 2018 12:13 AM

    Nothing scary about silver vs gold:
    http://schrts.co/V8reYx