Jordan Roy-Byrne
Author, CMT, and Editor @ The Daily Gold
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.
Jordan Roy-Byrne Articles
The precious metals sector remains in a correction. The miners have shown some positive signs, but are not ready to move yet because the metals likely have more correction ahead.
Gold and silver stocks have held up decently during the correction in precious metals, which is now in its 3rd month. However, as we mentioned last week, the bugaboo has been the relatively high net speculative position in gold, which has...
In our most recent editorial we concluded by observing a few positives in the gold and silver stocks. We concluded with: “Their performance over the weeks ahead could give us an early hint as to how much longer the correction will last.”
Fed rate cuts have been the driving force of the recent gains in precious metals. This is not a surprise to our readers as since 2018 we argued that a shift in Fed policy from rate hikes to rate cuts would springboard the next big move....
Precious metals enjoyed a very strong move this past summer. Both gold and gold stocks broke past multi-year resistance and showed the kind of positive momentum that has been lacking for years.
At present, there could be a number of positive developments for precious metals. Last Friday, the US Dollar cracked lower and could be at risk of lower levels into year end.
As the correction in gold stocks continues and as it’s likely to endure for the time being, we take a step back and share some tips for selecting individual junior gold companies.
Several weeks ago both gold and gold stocks hit major resistance after strong but extended moves. A correction or pause was to be expected. Clearly, we can now say, the sector is in correction mode.
Is Gold now back in a bull market? Most gold bugs think so and are quick to proclaim that. But, could Gold remain in a secular bear market? It hasn’t made a new all-time high in 8 years and the perma-bull, financial asset loving crowd...
It has taken a few weeks to play out but our warning of a correction in precious metals (first on August 18) is coming to pass. Last week gold, silver and GDX all formed big bearish reversals at multi-year resistance levels. Yes, these...
