Jordan Roy-Byrne – There Is Just No Bearish Case For A Major Leg Lower In Gold Right Now
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss both the fundamental and technical factors that demonstrate gold, silver, and the PM mining stocks have clearly bottomed and are in a new uptrend. We start off discussing the continued recent move higher in gold and mining stocks, and where short-term resistance may come in for the metals, GDX, and GDXJ.
While we may see a mild corrective move to digest these recent gains, Jordan feels those people still expecting a final wash out to new lows in the metals or miners are ignoring tons of obvious data, and that there is not a bearish case to be made for the precious metals right now. He provides the technical, fundamental, and inter-market analysis rationale for his conviction that we are starting a very bullish period and likely a new secular bull market in the PMs in real terms.