What’s driving gold? A discussion on Real Rates, USD, other commodities, and US Markets

August 5, 2021

Jordan Roy-Byrne, Founder of The Daily Gold joins us to discuss the many markets and sectors that could have an impact on the gold market. We start with the USD and the direction on real rates. Then we look to the US markets and Fed policy through the rest of this year. Overall we are in the middle of this summer trading season but there are some key developments that would have to happen for gold to make another leg higher.

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

    Aug 05, 2021 05:56 AM

    My Prediction, Gold is transitory!

      Aug 05, 2021 05:24 AM

      My Prediction; the overuse of the word Transitory will be transitory 😉

      It’s a bit silly all the transitory talk around inflation or the reopening trade or treasury yields, as everything in the markets is transitory and always in flux.

      “The only constant is change.”

        Aug 05, 2021 05:04 AM

        The Stock Market is in a transitory position due to constant keystroking of trillions and trillions of fiat currency. Just when you think it maybe heading towards an intermediate hesitation and decline, it will fool all the experts and enter into it’s sensational phase just before the Big Crash anywhere from the last week of September to the end of October.

          Aug 05, 2021 05:20 AM

          Agreed DT. The trend will continue higher…. until it doesn’t….

          A “September surprise” would not really be a surprise at this point, but thus far the market keeps getting a bid every time it dips down near key moving averages (like the 50 day). The best posture is to keep expecting the best but be prepared for the worst.

            Aug 05, 2021 05:11 PM

            The movement of men’s fashions used to be very slow bordering on once every ice age. Nowadays you see men with a man purse held on his side close to his back. But really what has changed are men wearing designer polo pants with the polo logo in big white letters emblazed on the front. All I can think of is are you a polo player or just a player. In times where hardship hasn’t been a part of the economy for a long time people dress in rather outrageous fashions.

            Aug 05, 2021 05:22 PM

            Oh, by the way I get The Ralph Lauren connection but I don’t think society does.

            Aug 05, 2021 05:20 PM

            Wow DT. I was not expecting things to go market trends to fashion trends, but will take you at your word on the Ralph Lauren comments, as that is out of my wheelhouse, and not a strong suit for me. LOL! 🙂

            I think I only had 1 Ralph Lauren collared shirt back in the late 80s or early 90s, and didn’t feel like much of a polo player, so that was the end of that… Ha!

    Aug 05, 2021 05:14 AM

    Last week’s gaps are now mostly completely filled.

      Aug 05, 2021 05:16 AM

      Must see video on the Erfle post from the 4th that you posted of the Albertan challenging the province to produce their pandemic proof. A++

        Aug 05, 2021 05:35 AM

        People need to share that video far and wide because facts haven’t mattered so far. “They” do seem to be threatened by it since it was first shared with me through a Bitchute link and someone had already made it impossible to watch beyond the 6 minute mark, the part where he dropped the bombshell that they couldn’t produce the requested evidence for the judge. So I found it on Rumble and it played all the way through. I don’t know if Bitchute is behind the censorship or if it’s a third party since Bitchute has generally been “good.”

        Aug 05, 2021 05:41 AM
    Aug 05, 2021 05:18 AM

    SILJ has retraced half of its rise off of last month’s low. (The following 60 minute chart is not live/will not auto-update.)

    Aug 05, 2021 05:00 AM

    Good thoughts and charts, Matthew. Have you seen these from Karim?

      Aug 05, 2021 05:28 AM

      Thanks, I hadn’t seen that. His is an interesting approach and I really like his last chart. The action is always fractal so his OBV discovery resonates with me. He added to my already cuckoo bullishness.

      He is also dead-on with his words at the bottom of the article:

      I’m Patrick Karim and believe human beings have been the same for a VERY long time. It is the one common denominator we have with the world of chart trading…

      …and it is also why technical analysis HAS been working and WILL keep on working.

    Aug 05, 2021 05:31 AM

    Gold will have to washout back down to 1700 lows while stock market makes final move up towards bubble top end of year or early next year. Inflation will not force fed to raise rates untill well into next year, they have no choice with all debt, by time infrastructure bill and if Biden gets his extra $3T free new deal passed our debt will surpass $30T. Then with all tax hikes coming to pay for this spending stock market could be ready for 10-15 correction and fed will have to print more money, maybe gold sniffs out this year end or early next year and starts to move up. Big money will try to surpress inflation or dollar collapse to stall for time to keep economy growing but in end all Biden policies will hurt economy and create another recession or longer bear market. I’m hoping for gold and miners to make new highs next summer but I will take all profits made in metals off table and ride original investment in case of hyperinflation or if like in past gold disappoints and we don’t get that big inflation and 2500/3000 gold will be top when stocks crash and we beging a long recovery.

    Aug 05, 2021 05:34 AM

    JAG holding up well in this little sell off.

    Aug 05, 2021 05:00 AM

    Lithium Demand Is Shifting Into Overdrive

    by Sean Brodrick | August 5, 2021

    “Thacker Pass, a Nevada lithium deposit owned by Lithium Americas Corp. (NYSE: LAC), was given the green light by a federal judge, much to the consternation of local environmental groups and sage grouse lobbyists.”

    “Well, enjoy that victory, because permitting victories are likely to get rarer, even as demand for lithium – an integral part to the batteries that power the electric vehicle revolution – is shifting into overdrive.”

    Aug 05, 2021 05:14 AM

    It is possible that all this price suppression could be relieved when the infrastructure bill is passed. It could be they expect managed money to be triggered and are protecting short positions. Who knows…it just appears that the same pattern for a year is motivated by some event occurring.

    Aug 05, 2021 05:21 AM
    Aug 05, 2021 05:23 AM

    According to the CDC and reported by CNN, the vaccinated are just as likely to spread the virus as the unvaccinated. Let that sink in…

      Aug 05, 2021 05:42 AM

      Looks like the only stat holding at the moment is that the vaccinated may be less likely to die or be hospitalized.

        Aug 05, 2021 05:48 AM

        Based on my delving, I am satisfied that the opposite is true. Those injections are a horror show. Millions have been injured by them and CDC whistleblowers claim the deaths so far are over 50,000 in the US. Real vaccines of the past were pulled if there were 25 deaths according to Dr. Peter McCullough (and he makes it clear that he has always been very pro-vax until now).

          Aug 05, 2021 05:51 PM

          I guess some just did not take the time to listen to your…..
          MASS PSYCHOSIS – How an Entire Population Becomes MENTALLY ILL

          Reply t

            Aug 06, 2021 06:02 PM

            The Best interview on Bitchute: Carrie Madej, M.D.,R D.O.
            COVID DECEPTION , 2 with that Title, both equally excellent. Sound interval is off a bit on one between Ireland & here, she offers her own remedies and suggestions as well

    Aug 05, 2021 05:57 PM


    Please DYODD, I am not a doctor, this is not advice

    Aug 05, 2021 05:06 PM

    Superb interview with Brett Johnson on Macro Voices. Listen and you may be questioning some of your long held beliefs:

      Aug 05, 2021 05:01 PM

      I listened to it, was OK.
      How many times did Brett say “for lack of a better expression”?
      Jeez that was annoying.
      If you took a shot of booze ever time he said it you’d probably die of alcohol poisoning.

    Aug 05, 2021 05:17 PM

    Big news from NVO. They’ve hired a highly credentialed and probably highly paid executive.

      Aug 05, 2021 05:51 PM

      BTW – The KE Report is hosting a Novo Resources webinar next Monday.

      Novo Resources – Building Australia’s Next Major Gold Producer

      Featuring Rob Humphryson (CEO), Ronan Sabo-Walsh (CFO), and Dr. Quinton Hennigh (Chairman)

      Hosted by Cory Fleck & Focus Communications

      Monday, August 9 2021 – 1:00 PM Pacific Time (US and Canada)

        Aug 06, 2021 06:34 AM

        ‘Building Australia’s next major gold producer’
        That’ll get Bonzo excited.

    Aug 05, 2021 05:41 PM

    >> Mike in Albuquerque & Thomas.

    If you guys see this message — Vince from Nomad Royalty did take some time to address your questions back to me, which is greatly appreciated, and I posted those answers back to you both on the Nomad Royalty interview blog from Monday.

    I’ll post the link below here for quick reference:

      Aug 06, 2021 06:13 AM

      Thanks ex – still not get the numbers together 😕

    Aug 06, 2021 06:55 AM

    First time: Shame on you. Second time: Shame on you two.
    The minuscule ADP report was again used to misdirect away from the NFP.
    ‘They’ won’t use this tactic again for a long long time.

      Aug 06, 2021 06:25 AM

      Every significant PM Low and High I have recorded has been Saturated.
      Late June was the last Saturated Low , although there were 3 Highs since.
      The next one possible is Tuesday or Wednesday:

    Aug 06, 2021 06:45 AM

    Toe dipped into FURY @ &.904

    Aug 06, 2021 06:45 AM

    $.904 FURY

      Aug 06, 2021 06:27 PM

      FURY, IM out @ $1.05 US

    Aug 06, 2021 06:14 AM
      Aug 06, 2021 06:27 AM

      Good time to buy. Algo vomit day.

        Aug 06, 2021 06:29 PM

        I trimmed a few positions yesterday to take a few more tax losses to wash out other capital gains, and used some of the funds to nibble at a little of the vomit day. Sure this “dog’s breakfast” tastes bitter, but I’m enjoying rotating the funds just freed up into other names I think will have nice leverage to the upside when the PMs base and head higher.

          Aug 06, 2021 06:55 PM

          I also took some tax losses earlier in the week and now have my short term gains 40% of what they were. Added to Big Ridge, Labrador and Emerita. There were some wide swings in Emerita this week, but (knock on my head) so far so good.

            Aug 06, 2021 06:42 PM

            May your trades be very prosperous David.

            Aug 06, 2021 06:00 PM

            Thanks. Good year so far. Your trades look like you are getting a good spread again. This market has been a little weird, so I think you are reducing risk. Looks like a plan.