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Cover for The Fed is Out of Options and This Gold Move is Only the Beginning, says Jordan Roy-Byrne

The Fed is Out of Options and This Gold Move is Only the Beginning, says Jordan Roy-Byrne

April 02, 2024
Mining Stock Daily
By Mining Stock Daily
Mining Stock Daily

Gold and silver prices continue to rise, with gold hitting a new all-time high. Jordan Roy-Byrne discusses the cup and handle pattern and predicts a measured upside target of around $3,000 for gold. He also mentions a potential long-term target of $4,000 or even $5,000 to $6,000 if there is a recession in the stock market. The conversation then shifts to the fundamentals, with a focus on inflation and the Federal Reserve's actions. Jordan explains that gold and silver are indicating that the Fed doesn't have good options and that inflation is increasing. Geopolitics and the junior sector are also briefly discussed.

Mining Stock Daily
Mining Stock Daily
Mining Stock Daily is a news-style briefing delivering the day's most important information out of the junior mining and mineral exploration sector. Content is published throughout the world on a dozen different platforms.
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