Jordan Roy-Byrne is ‘very concerned’ about silver & gold right now

The Korelin Economics Report, Released on 12/2/21

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to share his technical outlook on silver, gold, and the precious metals mining stocks. We start off discussing the longer-term monthly charts of silver and the silver mining stocks using the EFT (SILJ), and that both failed at longer term moving averages and haven’t been able to break out of their trading ranges. Jordan noted that most commodities already peaked earlier in the year, the dollar has been rising, and this will likely keep pressuring Silver as well. He outlines the bearish sentiment in bonds had reached an extreme oversold reading, and expects to see more of a move back into the bonds, forcing yields lower as the Fed tapers. Despite the bearish backdrop for both silver and the commodities in the short-term, Jordan still sees the longer-term secular trend heading higher on a longer time frame.

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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Perimetr

lol . . . one simple reason, the banksters rule and they will not allow a rise in the paper price of precious metals. All the other “reasons” are a smokescreen for those who accept the “news” as being accurate.

Anonymous



Anonymous

If you are a trader you should like wide PM swings in price. If you are an investor you should welcome a great chance to buy more. The time to be concerned is when we will be in the next PM bubble

Eugene

Jordan is a excellent contrarian indicator, wrong 90% of the time. His TA is worse than astrology, and his interpretation of his own TA is inconsistant, any way the wind blows or whatever makes the best sound bite. People love Jordan and think he is smart.

LOTRADER

I agree, that he is an excellent contrarian indicator.