Jordan Roy-Byrne, Founder and Editor of The Daily Gold, outlines both the technical and intermarket levels he is watching on the charts but balances that out with the macroeconomic data driving market expectations. We start off getting some pricing support and resistance levels on gold, silver, GDX, and GDXJ, and a look at how gold is performing in relation to currencies, general equities, and bonds.
Jordan has pointed out that it’s not just geopolitics that are driving this move, but also includes the forward-looking expectations around inflation, real interest rates, unemployment and the labor markets, and the potential for a recession in the months and quarters to come creating a mix of nuanced factors for investors to consider.
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