Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to outline why the steeping of the bond yield curve is one of the key market signals to watch for how it relates to the economic cycle, the US general equities, and precious metals markets.
He outlines how often the markets will top out after the Fed makes their last rate hike, and why any remaining bull market action won’t last long, with the inevitable move towards a recession later this year or the beginning of next year. This weak economic data would cause the Fed to then pivot and start cutting rates again. We discuss if a recession is still coming based on economic data, but more importantly, how long on average it is before the Fed switches from tightening to easing. We wrap up with Jordan providing some key technical support levels he is watching in gold, silver, GDX, and GDXJ.