Commodities Analysis and Opinion
Macro Lull and Precious Metals Support Levels
2023.05.18 03:48
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to share the support levels he is watching for in gold, silver, and the precious metal mining stocks, as the sector continues to correct.
Stepping back to the larger the longer-term setup, the PM sector is still looking constructive to break out to higher levels later in the year. We discuss how this will depend on how quickly the macro data erodes further pointing to a contracting economy and recession in a few months, which would provide the catalyst for the Fed to take action and start cutting rates.
