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 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.
Next week brings a number of key timeframes for Gold, which closed the week at $2069. We want to see it maintain these levels as it closes the quarter and year especially.
The signal is a steepening yield curve driven by a decline in the 2-year yield. This has preceded or coincided with nearly all recent market declines and recessions.
I have been writing about this for years, but it bears repeating because many gold bugs deny or gloss over its reality. Although Gold is hovering around all-time highs, the precious metals sector will remain in a secular bear market until...
Gary Tanashian discusses and analyzes the yield curve, potential recession signals, the outlook for the stock market in 2024 and Gold and gold stocks near and intermediate term trajectory.
Vince Lanci discusses what happened when Gold was slammed after hitting $2100, the nuances around Fed Chair Powell’s Pivot and the impact on Gold. We close with a technical outlook on Gold.
Gold against the stock market remains weak and has a concerning technical setup. Gold must outperform the stock market to be in a real bull market as it was in the 1970s, 2000s and briefly from 2018 to 2020.
We thought Gold was on its way after convincing weekly and monthly closes, but it put in a bearish reversal at $2100. Silver put in a nasty reversal at $26.
Gold has pulled back after a mini-blow-off on Monday that followed a new monthly and weekly all-time high.
An update on Gold vs. the conventional 60/40 portfolio. Gold needs to outperform and trend higher against this portfolio to be in a secular bull market. It is very close to doing so.
