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
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...
Last week was another strong one for the precious metals sector. Gold gained a whopping $51/oz or 3.5%. The gold stocks (GDX, GDXJ) advanced by roughly 6%. Silver gained 4%.
After a major trend change, it can be difficult for the majority of investors and market watchers to shift and adjust accordingly to the new trend.
The precious metals sector appears to have started a correction. It was roaring higher until natural resistance kicked in and the US Dollar grinded its way higher, towards its 2019 high. Factor in the Fed decision this week and it has...
It was a huge week for the gold stocks. GDX gained nearly 7% while GDXJ surged over 10%. Gold hit $1450/oz after Thursday before selling off Friday. Silver met the same fate on Friday but managed to close the week up over 6% and at a new...
Gold and gold stocks especially continue to shrug off bits and pieces of bad news. No escalation in the trade war? The selloff lasted one day and the sector rebounded strongly the following day. Strong headline jobs number? Again, the...
As I pen this article, gold is set to close the month and the quarter above $1400/oz and is holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign.
Gold has finally broken out to the upside. In Asia trading on Thursday, Gold exploded through the $1360 to $1370 resistance zone and was able to hold the gains throughout the day, closing above $1395/oz.
