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Jordan Roy-Byrne, CMT, MFTA, of the Daily Gold shares his thoughts on gold’s recent price activity and where the yellow metal may be headed in 2024 and beyond. He also discusses his outlook for silver.
“We are in the real sweet spot for what is the biggest breakout for gold in the last 50 years,” he said. “This is the time where a lot of the hyperbolic statements that people like me make, and have been making for the last three or four years — this is the time where it’s really ripe for those things to actually play out.”
This interview was filmed on April 16, 2024.
#Investing #Gold #Silver
0:00 – Intro
0:34 – Gold’s price rise past US$2,400
3:17 – How would a gold pullback look?
7:06 – Current gold market sentiment
10:23 – Gold upside/downside in 2024
14:38 – Will gold hit US$4,000 in 2025?
19:00 – When will gold stocks take off?
23:27 – Impact of ETFs on gold stocks
26:07 – Key silver price levels to watch
31:38 – Silver’s industrial demand side
34:23 – We’re in the sweet spot now
36:15 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
