Robert Sinn – Macroeconomic Trends Overlaid with Technical Analysis In The Precious Metals Sector
Robert Sinn, known as Goldfinger over at CEO.ca and writer at the Energy and Gold website, joins us with his technical outlook in gold and silver, a ratio chart of gold versus the financial sector, and what they mean in relation to macroeconomic trends in motion over varying investors time horizons. We start off discussing the importance of the upcoming weekly/monthly/quarterly close in gold, to see if the precious metals can break out of the range they’ve been trading in. We also review the longer-term monthly chart as to the performance of gold over the last 20+ years in relation to inflation and it’s definitely outperformed, and looks poised to continue to do so over time.
Next we shift over to the chart of gold vs (XLF) financial sector SPDR fund, and discuss the current setup in the business cycle, and that we are entering a period where gold will likely outperform the financial sector. This leads to a broader discussion on looking at technical analysis with the overlay of fundamental data points, to get a more holistic view on market action and unfolding cycles and patterns.
We wrap up with getting Robert take on what factors will drive gold, silver, and the PM mining stocks to new higher price levels, and the importance of attracting more generalist investors into the sector.