first majestic silver

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 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.

Jordan Roy-Byrne Articles

In this article, I will briefly examine Gold’s technicals, fundamentals, and sentiment to hazard a guess at when and where the major turn will be. It is vital to consider all three tools to build a case.
Gold is breaking down technically. There’s no denying it. Gold has already closed at a fresh 52-week and 2-year low in daily and weekly terms. It needs to close above $1715 at the end of the month to negate a monthly breakdown.
It has been a very rough time for precious metals. In recent months they have endured another terrible selloff that feels like a combination of 2013 and 2008. However, think about how they “looked” technically before major bottoms, like...
One reason the history of markets is fascinating is that we can glean clues about the future. History does not always repeat itself, but it often rhymes. For precious metals, the last six years lack a strong comparison.
Regular readers by now are familiar with Gold’s fundamental drivers and the influence of the stock market. Falling and or negative real interest rates are the fundamental driver for Gold and are usually a byproduct of a weak stock market...
The real price of gold has started to trend higher. When we say “real” price of gold, we refer to gold’s performance against the other asset classes and markets. We monitor gold’s performance against the stock market, foreign currencies,...
Two weeks ago, I wrote about the potential for a rally in gold stocks. They were extremely oversold, trading at support, and the selling was abating. Precious Metals bottomed before the Fed decision last week and jumped higher following...
I have often written about the importance of the Gold to S&P 500 ratio. Gold (and gold stocks and Silver) has never been in a real, sustained bull market without outperforming the stock market.
The gold stocks are extremely oversold. That’s obvious. However, selling pressure has waned since the end of June. The daily candles have been mild, suggesting less and less distribution.
Gold and Gold stocks have fallen to levels from which we should see excellent returns over the next 12 months and potentially spectacular over the long term. However, that does not mean a bottom and reversal are imminent. 

The Incas thought gold represented the glory of their sun god and referred to the precious metal as “Tears of the Sun.”

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