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
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.
Gold stocks have broken down technically, but they are extremely oversold. Let’s start with GDXJ, which is rebounding today after testing support at $32.
Many of us in the gold community fear bear markets because they can inflict some damage to gold and silver stocks. That is a fair concern even though some go overboard.
Gold and gold stocks have been a disappointment over the last two years as they failed to perform amid rising inflation. With the Fed hiking rates, real yields rising, and the economy likely entering a recession, sentiment is the polar...
