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How much Longer can Bullish Sentiment Drive the Gold Price Higher?
Manage episode 435093670 series 2410049
Gold reached new all-time highs and is expected to continue moving higher due to lower real interest rates and increased investment demand, says Jordan Roy-Byrne. The fundamentals driving this price increase include anticipation of lower real interest rates and the pickup in investment demand. The sentiment for gold is becoming bullish, which is a good sign for a new bull market. The gold miners, represented by ETFs like GDX and GDXJ, are also showing signs of a breakout and potential for further gains. It is important to focus on horizontal lines rather than trend lines when analyzing technical patterns.
3133 에피소드
Manage episode 435093670 series 2410049
Gold reached new all-time highs and is expected to continue moving higher due to lower real interest rates and increased investment demand, says Jordan Roy-Byrne. The fundamentals driving this price increase include anticipation of lower real interest rates and the pickup in investment demand. The sentiment for gold is becoming bullish, which is a good sign for a new bull market. The gold miners, represented by ETFs like GDX and GDXJ, are also showing signs of a breakout and potential for further gains. It is important to focus on horizontal lines rather than trend lines when analyzing technical patterns.
3133 에피소드
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