Jordan Roy-Byrne – This Is Not The Same Macro Or Technical Setup In Gold As The 2013 Capitulation
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss the technical and macroeconomic reasons why gold is not setup for a 2013 style massive capitulation in either the amount of decline coming nor in the duration of time to finish correcting. We discuss how different many breath, sentiment, chart indicators, and ratio charts are compared to a decade ago, as well has fundamentally different the precious metals markets and holdings were coming off that prior secular bull, compared to now, and how the reverse is true for the general equities markets.
With the overwhelmingly bearish analysis and sentiment so pervasive in the technical and fundamental analysis of the gold, silver, and PM mining stock sector, Jordan’s contrarian senses are becoming more activated. He points out that we may be closer to the final move lower in PMs than many expect, and cautions investors not to get so bearish that they lose sight of the real bull market that will begin when gold diverges from the general equities on the back of a Fed pivot and slowing economy.