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
Gold was tracking the average of all bull market corrections and the ensuing rebounds until the recent decline below $1900. As a result, the best historical comparison is the 2016 to 2018 correction. That correction ended a few months...
I have been writing about this for over five years. For Gold to perform well, it has to outperform the stock market. In recent years, that has happened but only occasionally and not consistently.
Given our view that Gold will perform when the Fed stops hiking, there are a few leading indicators that can signal the Fed stopping hikes.
Last week we wrote about potential downside targets in Gold and Silver. They are in a correction and have been in a downtrend that has begun its 17th month.
In our last editorial, we noted that if the gold stocks (HUI & GDXJ), which were in a precarious position, lost their lines of support, it could lead to another 15% to 20% downside.
Gold and gold stocks remain in the larger correction that began almost 12 months ago. However, both became quite oversold, and a short-term low is now in place. Gold bottomed just below good support at $1755. It hit a low at $1750, with...
Gold endured a 20% correction over eight months. A 15% rebound followed that in two months. It has retraced some, but not a majority of the losses. This action is all part of the handle of a super bullish cup and handle pattern.
The rebounds in Gold and Silver exceeded my expectations and closed May in a strong fashion, near the highs of the month. Gold's monthly close was the third-highest ever. Silver failed to break resistance at $28.50, but its monthly close...
After updating my macro-market outlook report for subscribers, I realized something about Gold. On a historical basis, it remains incredibly cheap. It may seem expensive on the surface, trading near $2,000/oz, but the reality is contrary...
As I pen this article, gold and gold stocks may be starting to form a low. Over the past four trading days, GDX and GDXJ have dug in and formed bullish reversal candles, while gold has traded lower and tested its 38% retracement at $1690.
