Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss the fundamental macroeconomic trends with inflation and Fed policy, and then provides a technical outlook on silver, gold, and the PM mining stocks. We discuss how the Fed funds futures market responded to the hotter CPI inflation reading, and how inflation is not going down to the central bank’s goal of 2% anytime soon. As a result the markets are now pricing in more hikes after September, which moved both interest rates and the US dollar higher.
We then shift over to getting Jordan’s technical outlook on silver, gold, the gold:silver ratio, and the precious metals mining stocks. Silver had a nice bounce this week, relative to most other markets and gold, and there is mixed technical data in relation to whether we can see a short-term bounce in the sector or if we see the move below $1675 in gold, and a few potential paths forward.