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 […]
The Daily Gold, Released on 7/6/24 Vince Lanci discusses most recent technical action in Gold & Silver, the return of big money macro buyers in recent days, and his buying more GDX on the back of the breakout in the advance/decline line. 0:00 Intro 1:10 June Recap 5:25 Gold & Silver Technical Comments 7:25 Vince […]
The Daily Gold, Released on 7/4/24 If Gold and Silver continue to hold $2290 and $29, then there is a good chance of fireworks in the second half of 2024. If the economy weakens, leading to Fed easing, capital would flow into Gold ETFs and Gold would break resistance against the 60/40 portfolio. Jordan Roy-Byrne, […]
The Daily Gold, Released on 6/29/24 (Recorded on 6/28/24) There was no big dump or big buying into month end or quarter end for Gold and Silver. The metals and miners remain in correction mode and we require more evidence to give better probability to how the correction plays out and where the bottom will […]
The Daily Gold, Released on 6/25/24 The technical setup of Gold & Silver is similar to the one that preceded the huge gains in the 1970s. Secondly, the 1970s bull was fueled by twin secular bear markets: in both stocks and bonds. In the 2000s, only stocks were in a secular bear. Today, bonds are […]
The Daily Gold, Released on 6/18/24 The Gold price against the US Monetary Base and the percentage backing of our current Gold reserves (at the current market price) shows how far cheap Gold is compared to levels of the last bull market. Relative to the 1980 and Great Depression era peaks, Gold is going for […]
