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
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...
A few weeks ago we wrote that precious metals were at risk of a correction. First, they powered higher. But last week they ran into technical resistance levels that date back well beyond only a few years.
Back during the bear market years (it’s nice to be able to write that now), I regularly would compare the declines in gold, silver and gold stocks to their past history. It gave us a visual representation of just how bad the forever bear...
Last week we wrote that near-term risk in precious metals (gold and GDX especially) was rising and a correction could begin soon. As gold nearly reached major resistance at $1550/oz, the miners already began to correct. That negative...
Last week was another strong one for the precious metals sector. Gold gained a whopping $51/oz or 3.5%. The gold stocks (GDX, GDXJ) advanced by roughly 6%. Silver gained 4%.
After a major trend change, it can be difficult for the majority of investors and market watchers to shift and adjust accordingly to the new trend.
The precious metals sector appears to have started a correction. It was roaring higher until natural resistance kicked in and the US Dollar grinded its way higher, towards its 2019 high. Factor in the Fed decision this week and it has...
