Gold Prices: What Does the Data Foretell?

Fergus Hodgson, 18 May 2017

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For the data enthusiasts, we have your man. Jordan Roy-Byrne is editor and publisher of the Daily Gold, and he and Brien Lundin seek to make sense of a litany of numbers as they relate to both straight gold prices and the values of junior mining companies.

Both advise to not get too tied up in day-to-day fluctuations, particularly those that stem from geopolitical machinations. They place more emphasis on moving averages and long-term actions of the Federal Reserve. In other words, the more the Fed inflates away the US dollar with negative real interest rates, the more gold will benefit as a safe haven from wealth confiscation, the inflation tax.

Jordan Roy-Byrne pays attention to the 200-day moving average, in blue, and he sees what appears to be a rally, after the sharp decline going into 2017. (Daily Gold)

Recommended Links

• The Coming Renewal of Gold’s Secular Bull Market by Jordan Roy-Byrne.
• “Higher Gold? Watch the Fed” by Brien Lundin, Money Show.
• GDXJ: VanEck Vectors Junior Gold Miners ETF.
• TSX Venture Composite Index.
• Ralph Acampora.

Fergus Hodgson (@FergHodgson) is an economic consultant and Gold Newsletter‘s roving editor.