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
Gold and Silver last week traded up to resistance at $1980 and $25.50. Both sold off the last few days. Meanwhile, the gold and silver stocks printed some ugly candles on Wednesday and Friday.
We know that Silver has a base going back to 1950 but there are two other charts that have similar bases.
Professional daredevils have all kinds of reasons for performing insane stunts. Maybe they just like the thrill of danger, maybe they feel like they have something to prove to the world, or maybe they just want to prove something to...
A study of history shows how all the asset classes can be related at secular turning points. In the mid 1960s, the secular bull in Bonds ended first and then followed by Stocks. Then Gold made its huge move.
Gold is now 12 years through its cup and handle pattern and consolidation since the 2011 peak. 2024 will mark the 13th year.
Significant technical damage has been inflicted upon Gold, Silver and the miners, leaving them vulnerable to further selling over the coming weeks.
The move higher in bond yields and real interest rates on the back of a stable economy (for now) is causing heavy selling in Gold & Silver.
Volatility in Gold is declining as Gold and precious metals bleed lower. In the past, declines in volatility preceded a bottom in the market and later, a big move.
In the very short-term Gold and Silver are getting oversold and approaching support levels at $1900 Gold and $22.00 Silver. Our hope is for a very strong rebound from that support. If that does not transpire, then the medium term risk is...
From a contrary perspective, the lack of bullish sentiment and interest in the precious metals sector is bullish.
