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
What a week! I certainly was not expecting this kind of strength. Gold was up over 6% on the week, and silver up over 8%. The miners, GDX GDXJ, up a whopping 19% on the week. Again, what a week!
Odds of a recession are increasing and the yield curve is quietly steepening. Any further move from this point forward almost guarantees a recession, which sets the stage for the next wave higher in Gold and precious metals.
We discuss downside support targets in Gold & Silver and in the miners.
Fundamentals for Gold Miners are already strong but could become white hot as inflation adjusted Gold price has broken out of a 45-year-long base.
Friday recap of the week in gold and silver.
We're really starting to see that in Precious metals, and especially the gold and silver stocks, that they are starting to move.
What an incredible significant week in the precious metals world. Even dating back to the end of last week, it's been an incredible 6 or seven days in precious metals.
We have written about the importance of Gold outperforming the stock market for nearly a decade. In addition, we expanded this concept by including Bonds to construct a 60/40 Portfolio.
This is one of the most significant developments for gold and precious metals in a really long time because the number one indicator for gold and the rest of precious metals is turning bullish for the first time in almost 25 years.
A wrap-up of the previous week in precious metals.
