Precious Metals Video Update: New Highs in Gold & Major Producers, an Important Signal
Jordan updates us on all the technicals of the precious metals sector and the charts. Gold against foreign currencies has reached a new all-time high. Gold is now higher in every foreign currency that is not pegged in some way to the US dollar. Gold has broken out in several technical measures.
Talking Points From This Week’s Episode
• Gold vs. Foreign Currencies
• Yield curve breakout is bullish for gold.
• Gold vs. S&P 500 has broken out.
• Silver resistance levels.
• GDX & GDXJ compared to the stock market.
Jordan Roy-Byrne, CMT, MFTA is a Chartered Market Technician and Master of Financial Technical Analysis who is a member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication that emphasizes market timing and stock selection for precious metals investors.
To subscribe to his newsletter or podcast visit: https://thedailygold.com