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 fledgling rebound in the precious metals complex suddenly reversed course. Since the intraday peak last Thursday, gold stocks (GDX and GDXJ) declined about 13%, while Gold lost $1100/oz and today (Thursday) $1080/oz. Silver, which did...
It has been a strong start to 2016 in precious metals, today notwithstanding. Gold was able to break above daily resistance at $1080 to $1090 while miners climbed higher until Friday’s reversal. Rather than focus on the nominal gains, I...
The precious metals sector will close 2015 entrenched in a seemingly forever bear market. Most of the sector has been in a bear market for over four and a half years. Gold’s bear market will reach four and a half years in a few months....
The Fed rate hike has come and gone, while the precious metals sector has continued to whipsaw traders day after day. The initial reaction was very positive. However, that completely reversed course on Thursday with Gold threatening to...
A few days ago we wrote about the potential effects of a Fed rate hike on precious metals. After consulting history we concluded that the rate hike would be immediately bullish for precious metals but subsequently bearish.
The markets have for the most part already priced in a Fed rate hike, which is expected next week. Yesterday Fed Funds futures indicated an 80% chance of a rate hike. It would be the first hike in roughly 9 years. The Fed last began a new...
A few weeks ago we warned that the gold miners were at risk of a technical breakdown. They struggled to rebound at support, while Gold was breaking to a new low. Gold continued to decline, but the miners held support and stabilized.
The bear market in the gold miners has been one for the record books but it is not over yet. Last week we noted that precious metals were on the cusp of making new lows while the US$ index was very close to another key breakout. This...
Last Friday we wrote that precious metals were very oversold and due for a bounce or a pause. We also argued that the overall prognosis remained very bearish. The technicals argue for more downside and sentiment indicators remain far from...
The precious metals sector has declined sharply in recent weeks with no pause or intermittent breaks in the decline. Including today, Gold is down eight consecutive days and 16 of the past 18 days. The gold miners (GDX) have lost roughly...
