The Korelin Economics Report, Released on 1/3/20
Jordan Roy-Byrne gives an update on the balance between gold and the gold stocks. The stocks have been under performing recently and the moves today [Friday] on the back of geopolitical actions further drive that home. We could be in for a short term correction or pause but the long term outlook remains very strong.
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: Miners Now Lagging Gold…Correction Coming? added by Herman James on
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HONESTLY JORDAN ROY-BYRNE’S PROGNOSTICATIONS ARE AS WORTHLESS AS TITS ON A BOARD. I DO NOT EVEN UNDERSTAND WHY THEY LET HIM ON HERE.
I disagree. Here is an example of Jordan being RIGHT despite you guys bashing him. Read the comment section on this post: https://marketsanity.com/jordan-roy-byrne-interview-gold-stocks-lagging-gold-now/
Jordan does not make predictions. He is a trader. Traders go with the price action, whichever direction it goes.
GLEN…AGAINST THE FACTS… OF WEATHER VANE LIKE CONSISTENTLY WRONG ANALYSIS…ARGUMENTS HAVE NO VALUE..
Jordan I would guess has an IQ of about 70 to 75, listening to his broadcasts.
Dan is right and Glenn is wrong. Amazing that an outright moron like this guy has any credibility. He is also obviously greedy and trying to sell his subscription service, and is a charlatan.
Jordan has CORRECTLY predicted the price movements in gold and the gold shares over the last 6 months. He has been spot on.
He is greedy because he owns his own business and is trying to make a living? How is that greedy? That is business! Also, he disseminates free information EVERY SINGLE WEEK to the public. How is that being greedy? If you don’t like what he has to say then STOP WATCHING HIS VIDEOS!!!
“Stop watching his videos” I did many years back. Using TA to predict a manipulated market like gold is a fool’s errand.
But the manipulators understand the TA game a play to it. But I still don’t listen to him.
If the gold market is manipulated, I guess every single commodity on the planet is manipulated as well. Here is a chart of the entire commodity complex. Be sure to click the “Monthly” view of the chart. Notice how the entire index is significantly lower since 2011, the same year gold and silver peaked?!
You guys blame manipulation for gold’s price movements because you don’t understand that gold is just a commodity and commodities’ prices are the result of global money flows, US dollar weakness or strength, interest rate movements, and global supply/demand for commodities as an asset class. Traders, such as Jordan, make their living understanding markets and going with the flow. They can’t afford to be wrong for 9 years like the gold cult has. They can’t afford to maintain a bogus opinion for a decade all the while their peers are outperforming them by owning stocks. Wake up!
https://www.investing.com/indices/thomson-reuters—jefferies-crb-chart
This is my impression of Jordan Roy-Byrne’s analysis:
“If the price of gold is higher then I will suggest that gold is up. And if the price of gold is lower, then I will suggest that gold is down.”
That is the basis of technical analysis. You look for breakouts – either up or down in price – and you go with the move. You use these breakouts in conjunction with technical indicators to confirm those moves. That way a trader is never forced to make predictions or make guesses. You simply study the chart of the asset and follow where the money is moving and you move with it. You use technical indicators to find exit and entry points in trading positions. Jordan’s personal style may be more short-term oriented than yours but it works for him.
“You guys blame manipulation for gold’s price movements because you don’t understand that gold is just a commodity”
WRONG!!!!!! Unbelievably wrong. The manipulation in gold is so blatant and obvious that it is beyond question. For instance, the bullion banks are allowed to exceed position limits, but traders are not. Boy, this sure is fair. I could go on and on. But the question is why are the banks allowed to do this? The answer. To hide as much as possible the amount of monetary inflation that’s been committed. Here’s a good example of such. The wealthy are allowed to borrow large sums of money (made possible by diluting the value of existing money – i.e., inflation), to play the markets, or buy large businesses or whatever. This hurts all people except the very small percentage who can profit from this scam. Yes, that’s right – you Joe Sucker get to lose while the crooks win – all by stealing from you in this corrupt legalized form of theft. And to make everything better for Joe Sucker, the governments (you again) get all the blame for this inflation. And while it may be true that Governments do cause SOME inflation, they do not cause all of it. But there is more to this picture. It is truly a sick system we all are forced to live under.
Hey guys keep it up…I am buying a beach house with your money. I am a trader along with Jordan and we just let the market tell us. Is it manipulated……maybe…. so what. Get over it we all have opinions…….and bellybuttons.