 |
Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Key Gold & Silver Levels Into 2023...
Published: Wed, 12/07/22
|
|
|
The next few months figure to be quite interesting.
Watch for precious metals to diverge if the market begins to discount a recession. Precious Metals rebounded and the weight of the evidence argues a bottom is in. But they just reversed after testing stiff resistance. What's next? Click Here for My Article For more analysis on the gold stocks, here is a look at how breadth indicators can help us sense if a rally has legs and/or increasing momentum. Click Here for My Video ------------------------------------------------------------------------------------------- I have mentioned this before....
This chart highlights the record rise in real rates (as per the real TIPS yield). Gold corrected 22% from top to bottom. Now it is down 15% from the high. Gold has actually held up quite well considering the rise in real interest rates. If the S&P 500 loses 3500 this year, the economy will obviously be in recession and Gold should explode higher.  ------------------------------------------------------------------------------------------- In TheDailyGold Premium...
-------------------------------------------------------------------------------------------
|