Jordan Roy-Byrne – If The PMs Have Bottomed, Then When Will Resource Investors And Generalist Investors Return To This Sector Again?
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss both the short to medium-term outlook, as well as the longer-term outlook in the precious metals sector. We start off discussing the encouraging rally we’ve seen in gold, silver, and the mining stocks over the last few months, but that they are approaching some key resistance areas where PMs may need to correct and consolidate these moves through both time and price. We then get into continued low sentiment in the PM space, despite the recent move higher in the metals; and that the mining stocks overall have not really provided the upside leverage yet, like they will when the true secular bull market gets underway.
Jordan differentiates the nominal moves higher that we’ve seen in gold, silver, and the mining stocks since 2016, where there was still strong general equities markets, and points out that in real terms, that was not a secular bull market yet, and that the real bull market is likely just getting started. We wrap up with how he is expecting next year to play out for US equity markets and gold, and at what price levels he expects to see more die-hard resource investors return to the sector, and then after that the lagging factor in the generalist investors getting involved at higher levels.