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
Fed rate cuts have been the driving force of the recent gains in precious metals. This is not a surprise to our readers as since 2018 we argued that a shift in Fed policy from rate hikes to rate cuts would springboard the next big move....
Precious metals enjoyed a very strong move this past summer. Both gold and gold stocks broke past multi-year resistance and showed the kind of positive momentum that has been lacking for years.
At present, there could be a number of positive developments for precious metals. Last Friday, the US Dollar cracked lower and could be at risk of lower levels into year end.
As the correction in gold stocks continues and as it’s likely to endure for the time being, we take a step back and share some tips for selecting individual junior gold companies.
Several weeks ago both gold and gold stocks hit major resistance after strong but extended moves. A correction or pause was to be expected. Clearly, we can now say, the sector is in correction mode.
Is Gold now back in a bull market? Most gold bugs think so and are quick to proclaim that. But, could Gold remain in a secular bear market? It hasn’t made a new all-time high in 8 years and the perma-bull, financial asset loving crowd...
It has taken a few weeks to play out but our warning of a correction in precious metals (first on August 18) is coming to pass. Last week gold, silver and GDX all formed big bearish reversals at multi-year resistance levels. Yes, these...
A few weeks ago we wrote that precious metals were at risk of a correction. First, they powered higher. But last week they ran into technical resistance levels that date back well beyond only a few years.
Back during the bear market years (it’s nice to be able to write that now), I regularly would compare the declines in gold, silver and gold stocks to their past history. It gave us a visual representation of just how bad the forever bear...
Last week we wrote that near-term risk in precious metals (gold and GDX especially) was rising and a correction could begin soon. As gold nearly reached major resistance at $1550/oz, the miners already began to correct. That negative...
