Jordan Roy-Byrne: Gold & Silver Emerging from Significant Bottoms

The Daily Gold, Released on 11/13/22

In this video we discuss the weekly outlook for Gold, Silver and the gold stocks. Silver, which has been the sector leader, tested major resistance at $22 on Friday. How Silver performs and fares against that resistance could be an indicator for the entire sector. Gold and gold stocks have a bit more upside before reaching resistance at their 200-day moving averages. GDX and GDXJ have 6% upside and Gold has upside to $1800-$1810.

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.

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