Connect with us

Hi, what are you looking for?

Trading Tips

Ryan McIntyre: Gold Price Not Looking Back, Watch This Demand Driver

He noted that gold hasn’t looked back after starting to rally at the beginning of March, and said there’s a missing piece of demand that could send the price higher: investment in gold exchange-traded funds (ETFs).

‘Probably one of the most unusual parts of this gold rally over the past month and a half is that you’ve actually continued to see a decline in gold holdings by global ETFs,’ said McIntyre. ‘I think it’s a very unique circumstance, and one that I think we’re probably going to see reverse and probably add to what are already pretty good gains on the gold price.’

While gold’s performance has been historically strong, gold stocks have lagged behind, frustrating investors. Commenting that this scenario is unusual, McIntyre said that for him the gold stocks represent a ‘tactical opportunity.’

‘To me now is a great time to be in the gold equities in particular and take advantage of both the gold price and the low sentiment in the gold-mining space itself. To me it’s probably a great spot to be on the investment side,’ he said.

When asked about silver, McIntyre said while its volatility can make investing difficult, it’s important to be patient.

‘What I’ve observed over time with any commodity is that you can have these deficits for a little while, and then literally one day people wake up for one reason or another and all of a sudden you get the move and the price starts running away pretty quickly on you. So to me you always want to be positioned, even though you can’t explain what exactly might happen. You really want to be positioned ahead of that, and to me it’s kind of the perfect setup for silver now,’ he said.

Watch the interview above for more of McIntyre’s thoughts on gold and silver.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on
Enter your email address below and we’ll send you our best practices.

    You can unsubscribe at any time. Redstatefoundation respects your privacy and strives to be transparent about our data collection practices. Please read our Privacy Policy and Terms of Use.

    You May Also Like

    Trading Secrets

    What is the marginal rate of substitution and its formula? Key Takeaways: Trade-offs and Satisfaction: MRS shows the trade-offs consumers are willing to make...

    Trading Life

    Laura Wong Hon Chan is an interest rate options trader, who is currently a director at Bank of America Merrill Lynch in New York....

    Trading Secrets

    In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews what’s driving the markets higher and what to be on the lookout...

    Trading Secrets

    SPX Monitoring Purposes: Long SPX on 10/10/22 at 3612.39; sold 12/13/22 at 3669.91 = gain 1.59%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at...