The set up for gold and the USD is key to watch right now
Cory
June 12, 2019
Jordan Roy-Byrne, Founder of The Daily Gold joins me to outline the set up in gold and the USD. Over the past couple years as gold had approached breakout levels the USD was falling. This year we have seen gold rise with the USD. Now with gold closing in on the upper $1,300 resistance the US could be rolling over which would give a huge boost to the PMs.
Click here to visit Jordan’s site and follow along with his technical outlook for the metals.
Discussion
5 Comments
Jun 12, 2019 12:43 PM
Jun 12, 2019 12:46 PM
Yes.
Jun 12, 2019 12:47 PM
Jun 12, 2019 12:31 PM
Looks good for silver, Matthew. What do you think of CDE?
Jun 12, 2019 12:35 PM
It looks very good to me. The bears are running out of time…
https://stockcharts.com/h-sc/ui?s=CDE&p=D&yr=1&mn=8&dy=0&id=p22707055550&a=541041866
Question: When these commentators talk of rate cuts, are we to assume they are talking about 1/4 point cuts?