TheDailyGold Premium Update #516

TheDailyGold Premium Update #516

Saturday evening we published TDG #516, a 21-page update that was shorter than usual because we spent Friday and Saturday presenting at the Metals Investor Forum. The premium update focused on our thoughts on the sector and introduced a new Q&A section into my updates. It features subscriber questions that I know answer in the updates.

For now we are cautious on the sector due to the poor technicals and worsening fundamental situation for Gold which we touched on in our presentation. Inflation has peaked and commodity prices (another proxy for inflation) are rolling over. Meanwhile, short-term rates and the fed funds rate are still rising…for now. While there could be a relief rally sometime this month, I don’t expect a bigger rally to begin until we test lower levels and move into summer.

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