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 stocks are entering a sweet spot. In recent months, we have written about how gold stocks outperform Gold after breakouts in the Gold price. This has transpired since March.
Gold breaks out from its bullish flag pattern but there is another signal that is approaching code red.
The gold stocks and larger juniors had a very strong week. It appears we are seeing the start of the next move in the sector and the miners are leading it.
The gold stocks are leading Gold and signaling the next leg higher. The GDX to Gold and GDXJ to Gold ratios are breaking out and approaching new 52-week highs. GDXJ to GDX ratio is in bull mode.
Vince Lanci discusses most recent technical action in Gold & Silver, the return of big money macro buyers in recent days, and his buying more GDX on the back of the breakout in the advance/decline line.
If Gold and Silver continue to hold $2290 and $29, then there is a good chance of fireworks in the second half of 2024.
History will reflect on Gold’s breakout in March from a 13-year cup and handle pattern as extremely significant and the major turning point for a new secular bull market in precious metals.
There was no big dump or big buying into month end or quarter end for Gold and Silver. The metals and miners remain in correction mode and we require more evidence to give better probability to how the correction plays out and where the...
The technical setup of Gold & Silver is similar to the one that preceded the huge gains in the 1970s.
Gold has made six major breakouts since the end of the Gold Standard in 1971. Only two of the breakouts retested the breakout. Those two were the two previous breakouts to new all-time highs: 1978 and 2009.
