Palisades Gold Radio, Released on 11/25/21
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to share his technical outlook on gold and the gold miners, and despite the recent pullback in precious metals, and risk of more short-term weakness, he views the medium-term setup as still quite bullish. We start with discussing the recent failed breakout in Gold last week into the strong corrective move down this week. Jordan was disappointed not to see the $1900 reached, and for the move to have retraced back down to the $1780s, but sees $1750 as strong weekly support, and $1700 as strong monthly support.
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 for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.