Gold’s Setup Into The Fed Statement – Spec Positioning, Breadth, and Breakouts In Foreign Currencies
Jordan Roy-Byrne, Founder of The Daily Gold joined me for a discussion on the set up in the gold market heading into the Fed meeting. We look at the spec position in gold and the USD as well as how gold has been preforming against other currencies of late. Finally a comment on the overall breadth in the gold stocks, which are great indicators of a potential breakout.
Click here to visit Jordan’s site for more comments on gold and select gold stocks.
For example, quantitative easing, you mean buying corporate bonds and government bonds and shoveling money to your bankster buddies. . . . According to the Levy Institute at Bard College, they dumped in over $29 trillion. That’s right, $29 trillion to their buddies.
New 2019 high for Barrick:
https://stockcharts.com/h-sc/ui?s=GOLD&p=W&yr=3&mn=6&dy=0&id=p26083958709&a=638198513
Nice!
Waiting for the dog and pony show……..Fed Watch…..