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 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...
The precious metals sector sharply reversed course after the Federal Reserve hinted that it may raise rates at its next meeting. This about face from the Fed was enough to effectively end the fledgling rally that began in the summer and...
We published a video update a few days ago discussing the short-term outlook for the precious metals sector, which includes the gold miners. With regards to the miners, we took the view that they could digest recent gains and hold support...
The precious metals sector, after failing to breakdown has enjoyed a strong rally in recent weeks. Gold, Silver and junior gold miners (GDXJ) have reached their 200-day moving averages with senior miners (GDX) close behind. While this is a...
Two months ago the precious metals complex became extremely oversold and ripe for a rebound. Two months later and the overbought condition and bearish sentiment has been alleviated to some degree. Sadly for bulls, Gold barely rebounded...
The vicious and ever enduring bear market in precious metals has coincided with a bull market in equities, amid a strong negative correlation. The negative correlation is nothing new as it occurred and persisted from 1973 through 1978 and...
