The Korelin Economics Report, Released on 8/21/20
Jordan Roy-Byrne joins me on this Friday to share his comments on the current correction in the precious metals. We consider how the “Buffet bump” for gold has impacted this correction in terms of timing and price level. Finally comments are on how the underlying stocks are preforming during this correction.
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.
Jordan Roy-Byrne: Juniors Holding Up Well, but Correction Should Resume added by Herman James on
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wrong way Feldman a la Jordan goes 0 for 10 with his predictions the last 10 videos on Market Sanity !! LOL LOL LOL !!!
THIS GUY IS SO OUT OF TOUCH …BAA…BAAA…BAAA… BAADD ADVICE FOR THE SHEEP THAT FOLLOW THIS STORY TELLER. TALKING ABOUT GOLD GOING BACK TO LOW $1800’S TARGET AND SILVER DOWN TO $20-$21 TARGET…DOWN OVER THE NEXT 2 WEEKS AND POSSIBLY DOWN OVER THE NEXT 2 MONTHS. WHAT A JOKE…!!! THANK-YOU FOR THE GREAT ENTERTAINMENT AND GOOD LAUGHS. *** STRONGLY RECOMMEND THAT ROY-BYRNE’S CLIENTS IGNORE HIS ADVICE AND BUY NOW PHYSICAL SILVER…THIS MONDAY BEST AND BY TUESDAY LATEST.. … OTHERWISE LISTENING TO ROY-BYRNE YOU WILL MISS THE BOAT AGAIN. ” BEST BUY NOW AS WE ALREADY HAVE HAD THE CORRECTION IN SILVER… ONLY LOSERS WAITING FOR ROY-BYRNE SILVER PRICES TO GO DOWN FOR 2 WEEKS TO 2 MONTHS.” AGAIN THANKS FOR THE LAUGHS.!!!!
Two things guys…
1) There is a difference between short-term trading and long-term investing. Jordan often differentiates between the two. We all know in today’s computer-driven markets that short-term moves in almost all assets have become extremely erratic and irrational compared to years past.
2) Jordan called for a correction in GDX several weeks ago. GDX has corrected and continues to correct. This is not up for debate. There are two ways for any asset to correct: they can correct through time or through price. Gold, for example, is working off its SHORT TERM overbought status by trading sideways at the moment with a short-term bearish chart set up. LONG TERM the gold chart is bullish.