first majestic silver

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 Premiuma 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. was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.

Jordan Roy-Byrne Articles

Vince Lanci of GoldFix on Substack and Echo Bay Futures joins us to recap recent developments in the Gold market.
This week, I published a video update evaluating whether gold stocks are cheap or undervalued. There is a difference. But I digress. After publishing the video and reviewing the comments, my biggest takeaway was that gold stocks are hated. 
Gold Miners are definitely cheap as multiple valuation metrics are at historically low levels. When viewing a history of valuations going back as far as the 1980s we find current valuations indicating a secular bear market. Valuation...
It was another bad week for precious metals as Gold declined 1%, Silver over 2% and the miners lost over 6%. The S&P 500 closed the week at a new record high. The Gold to S&P 500 ratio closed the week at a new 17-month low.
I have been writing about Gold’s super bullish cup and handle pattern since 2021. The pattern is super bullish because the handle consolidation of the past few years has transpired above the 38% retracement (around $1675/oz), and the peaks...
A steepening in the yield curve to above 0 and in a vertical fashion indicates an imminent recession. The yield curve has steepened to -0.17 and flashing yellow.
Gold enters the week at $2052. It has support at $2020 and $2000. Gold is trading at the midpoint of its range and has already tested resistance at $2100.
It was a quiet week for Gold, Silver and the miners. Resistance remains at $2100 for Gold, while Silver remains well below $26. The miners lost 4%-5% on the week.
We cover the yearly, quarterly, monthly and weekly candle charts for Gold. Gold closed the year and quarter in strong fashion, but it needs to break $2100 to generate further momentum to the upside.
The technical setup for gold and silver stocks is bullish as 2024 beckons. Putting macro aside, we focus on the price action for GDX and GDXJ as well as the breadth indicators for GDX and highlight a few comparisons.

Due primarily to the California Gold Rush, San Francisco’s population exploded from 1,000 to 100,000 in only two years.

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