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
The gold stocks are clearly in correction mode. The large caps (HUI, GDX) have corrected 30%, while the juniors (GDXJ) have held up well in comparison by correcting the same amount. Given a number of factors (the size of the previous...
The trading month doesn’t always end on a Friday…but when it does we like to take a look at the monthly charts. Generally, I prefer daily and weekly charts, because they have more data points. However, monthly charts carry more...
There were some hopes that a non-move by the Fed would end the current correction in precious metals and spark a move to new highs. Unfortunately, the Federal Reserve cannot override the supply and demand component of the market. Gold and...
The failure of Gold and gold stocks to sustain recent gains coupled with a strong selloff to close the week dashes any hope that the correction ended last week. The charts and probabilities argue that the sector remains in a larger...
Gold and gold stocks bounced to end the week…thanks to an oversold condition coupled with a softer than expected jobs report which likely delays Fed action until December. At one point this past week the market had priced in a 64% chance...
Last week we projected 5% to 10% downside in the gold stocks. Well, not to butter my own bread but GDX and GDXJ both lost 9% on the week. That being said, I believed that the weakness would be limited and miners could rebound to new highs...
The gold stocks are trading around their highs…but have failed to breakout this August. Is that due to the dog days of summer, the upcoming Fed conference or something else? We aren’t sure and don’t think it matters a great deal anyway....
It is the dog days of summer. The metals are trading below their recent highs, while the miners continue to be on the cusp of their next leg higher. In any event we remain bullish as we expect the next big move to be higher not lower. One...
Over the past two weeks the precious metals complex has retested its Brexit breakout and rebounded back to the July highs. Today’s jobs report has pushed the complex lower, but has delivered an opportunity to cash heavy portfolios which...
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...
