Jordan Roy-Byrne – Markets Can Continue Higher Before The Next Larger Corrective Move
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review both the technical and fundamental set up in the markets, and why both the general equites and the precious metals sector can continue higher before a more meaningful market correction.
Things will vary based on how many more rate hikes the Fed fits in before pausing, and how the soon the potential rate cuts could start later in the year based on economic data and a contraction or recession deepening. Jordan lays out 2 scenarios that could play out, heading into the inevitable first central bank rate cuts, based on where pricing goes leading into that event. In the more near-term, he is watching to see how gold responds to a pullback to the 50 day and 150 day moving averages for first potential support.
(CXB) Calibre’s Q1 Production Numbers With Ryan King
Emo up, Magna down. Says it all. Just as Fidelity is dissuading clients from Junior miners while buying 9.9% of several of them, the “playing field” continues to tilt in favor of the Criminals.
Investors Flock To Gold, Silver Bullion To Protect Wealth In Q1
Neils Christensen – Kitco News – Tuesday April 18, 2023
“Despite the robust volatility in the first quarter of 2023, the U.S. Mint saw historical demand for its gold bullion, seeing its best March and quarterly sales in more than two decades.”
“According to data from the U.S. Mint, it sold 215,000 ounces of gold in various denominations of its America Eagle gold coins, its best March performance since 2018. At the same time, the mint sold 435,500 ounces in the first three months of the year, its best first-quarter performance since 1999.”
“March gold sales are up more than 38% from last year; at the same time, quarterly sales are up 2% compared to the first quarter of 2022.”
“Analysts have said that it’s not surprising to see the strong sales data in March as investors fled to the precious metal to protect their wealth as global financial markets saw the most extensive banking crisis since the 2008 Great Financial Crisis.”