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Gold and Silver chart comments, and why with higher inflation and lower interest rates is gold not moving higher?

Cory댊
July 14, 2021

Jordan Roy-Byrne, Founder of The Daily Gold joins me for a look at the short term charts for gold and silver. We also compare the gold stocks, which really haven moved, to the slow rise in gold. As for Silver there is the potential of the metals setting up a bear flag in the short term.

Big picture is key here as we discuss the current environment of higher than expected inflation data paired with lower interest rates. This is typically an environment where precious metals do very well. However it’s all about markets being forward looking and this spike in inflation already priced in thanks to the major pop in commodities last year and early this year.

Click here to visit Jordan’s website – The Daily Gold.

Discussion
16 Comments
    Jul 14, 2021 14:32 PM

    This GDX low relative to stocks (instead of dollars), is obviously much more important than the March low and therefore much more exciting. The flow of funds into this space is likely to surprise all of us.

    GDX vs QQQ
    https://stockcharts.com/h-sc/ui?s=GDX%3AQQQ&p=D&yr=1&mn=1&dy=15&id=p32516420783&a=978546851

    Jul 14, 2021 14:22 PM

    Know it is off topic but what do folks think of KOR being bought by AngloGold?

    Jul 14, 2021 14:48 PM

    I believe Jordan is “spot on” with his assessment today.

      Jul 14, 2021 14:59 PM

      Agreed. I’m happy to hold mostly miners with good options markets. At least it’ll provide some income while waiting.

    Jul 14, 2021 14:33 PM

    Right, so does anyone think that the dimwit democrats give a flying f***g about inflation? Bring on the bear flag

    Jul 14, 2021 14:34 PM

    Alex Jones has being going off lately.

    Jul 15, 2021 15:30 AM

    They should handcuff Powell and everyone with him. No more “hearings” are necessary.

    Jul 15, 2021 15:41 AM

    Bitcoin is down about 5% since I warned about it two days ago.
    https://stockcharts.com/h-sc/ui?s=%24BTCUSD&p=D&yr=0&mn=9&dy=11&id=p62683971483&a=977627074

    Tom
    Jul 15, 2021 15:49 PM

    long BBIG