Jordan Roy-Byrne – Technical Outlook On The US Dollar, Interest Rates, Gold, Silver, GDX, and GDXJ
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review his technical outlook on the US dollar, interest rates, gold, silver, GDX, GDXJ, and the Gold-Silver ratio. Overall the near-term setup is still bearish for the dollar and constructive for the precious metals sector, but he feels that interest rates are really the key signal to watch for changes in the trend. We note the positive divergences on the advance/decline line in the PM stocks, and that it is bullish that silver and the mining stocks have recently been outperforming the moves in gold. We wrap up exploring the 2 potential paths forward for the PM sector as markets setup over the balance of the year before the recession hits.