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
In a bull market corrections can end quickly. One minute you are projecting another 5-10% downside and the next, the market has left lower prices in the dust. A negative reaction to the Federal Reserve statement could have caused lower...
My favorite indicator for real time gold demand is the amount of gold in the SPDR gold Shares ETF (NYSE:GLD) and its fluctuations over time. As we wrote in our book, the driving force for gold is investment demand, which is driven by...
Our research continues to argue that the current record rebound in gold stocks will continue. Every time we’ve predicted a correction, the weakness in the sector has been only a fraction of what we expected in both price and time. New bull...
Jason Zweig, who a year ago called Gold a “pet rock” is doubling down. He reiterates his belief, albeit a misguided one that Gold is a pet rock and justifies it with the usual anti-gold bug propaganda. Unfortunately, Zweig along with many...
Gold broke-out last week on Brexit, while Silver waited a week to join the party. The miners, meanwhile cleared 2014 resistance last Friday. To be sure there are breakouts across the board in the precious metals space.
What a last 24 hours for markets! At one point Gold was up $100/oz, S&P500 futures were limit down and the British Pound was down over 8%! The volatility has subsided, perhaps temporarily and Gold settled around $1320/oz as Silver...
The gold mining stocks continue to defy any bearish price action or perceived bearish development. Pundits first warned because of the “bearish” CoT data. The commercials are always right and a big decline is coming!
Over the past two weeks gold stocks have surged more than 20% as the poor jobs report forced the bears to capitulate. That strong of a gold price move in a brief amount of time will naturally slow or correct. Furthermore, gold stocks...
Weeks ago precious metals began a correction amid overbought conditions (in the miners) and very bullish sentiment in the metals. The recent Fed minutes helped accelerate the weakness, but it lost steam in recent days. A real stinker of a...
Last week we highlighted our gold stocks bull analog chart, which showed the gold stocks correcting at least 20% at this point during both the 2008-2009 and 2000-2001 recoveries. We concluded that gold stocks were likely to continue to...
