Financial Survival Network

Summary: Volatility is up and energy prices are going crazy—especially in Europe. Are precious metals poised for major advance? Technical analyst Jordan Roy-Byrne comes on the show to discuss what’s happening with precious metals, and points out the cyclical similarities between precious metals today and their behavior back in the early 70s. It seems that peaks in precious metals are followed by recessionary conditions a couple years later, and their behavior is directly linked to the Fed hiking rates. Tune in for more interesting insight. Highlights: -Volatility is up and energy prices are going crazy. European energy prices are at crisis level -Are precious metals poised for a major advance? -There are a lot of cyclical similarities between what’s going on today and what happened between 1969 and 1971 with the recession and metals prices -This was when inflation first became a problem and the Fed had to tighten -Everything in precious metals peaked two years ago, and now we are seeing a recessionary environ