Jordan Roy-Byrne – X, Released on 8/5/24 Gold's Cup & Handle breakout was significant. The coming breakout in the inflation-adjusted Gold price? One of the biggest breakouts of all time. (Gold vs. CPI is best fundamental indicator for gold stocks) pic.twitter.com/MQwoCFcb2o — Jordan Roy-Byrne CMT, MFTA ⛏⛏ (@TheDailyGold) August 5, 2024 Jordan Roy-Byrne, CMT is […]
The Daily Gold, Released on 8/2/24 Precious Metals selloff to end the week and it was led by Silver and silver stocks. The yield curve is steepening and warning of a recession. That is exactly when Gold usually begins to outperform the stock market. Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of […]
The Daily Gold, Released on 7/31/24 Vince Lanci discusses why Gold could start to pull away, the current drivers in Silver and why Silver’s price action could be a tell for Gold’s upside potential. 0:00 Intro 0:30 July Recap 4:35 Gold & Silver Monthly Candles 10:30 Gold & Stock Market Weakness Evolution 16:30 Context of […]
The Daily Gold, Released on 7/23/24 GDX is battling monthly and quarterly resistance around $37.50. A clean, strong break above triggers a potential measured upside target of $55, the 2010-2012 resistance highs. A steepening in the yield curve and the start of Fed easing would be the fundamental trigger for this move. Jordan Roy-Byrne, CMT […]
The Daily Gold, Released on 7/19/24 Gold falls back into the $2300-$2400 consolidation range as Silver drops 6% on the week, threatening support at $29. The miners took a hit but weakness bought to close the week. Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the […]
The Daily Gold, Released on 7/16/24 Gold breaks out from its bullish flag pattern but there is another signal that is approaching code red. Various yield curves are steepening and about to un-invert. Historically, that is a recession signal and the time when Gold starts to outperform the stock market. Jordan Roy-Byrne, CMT is a […]
The Daily Gold, Released on 7/12/24 The gold stocks and larger juniors had a very strong week. It appears we are seeing the start of the next move in the sector and the miners are leading it. The metals are still consolidating but should soon follow the miners higher. Jordan Roy-Byrne, CMT is a Chartered […]
The Daily Gold, Released on 7/10/24 The gold stocks are leading Gold and signaling the next leg higher. The GDX to Gold and GDXJ to Gold ratios are breaking out and approaching new 52-week highs. GDXJ to GDX ratio is in bull mode. The GDX Advance Decline line broke to a new 52 week high […]
