first majestic silver

Forced Selling & Low Valuations in Miners, Juniors

Author, CMT, and Editor @ The Daily Gold
November 16, 2023

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us review his bigger picture technical and macro outlook for gold, silver, and the precious metals mining stocks, in relation to how they are moving relative to US general equity markets. We spend some time breaking down this intermarket analysis for a secular precious metals bull happening in tandem with a broader market secular bear market is rooted in factual evidence from a number of prior periods.

Next we dive down into the disconnect in valuations he is seeing comparing a number of factors in PM stocks on a fundamental basis, and lately as a result to fund redemption selling. Lastly he addresses the misconceptions and nuances around the often muttered comment that “technical analysis doesn’t work for junior mining stocks.”

The Daily Gold

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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premiuma 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.


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