Jordan Roy-Byrne kicks off today by sharing his thoughts on the recent spikes and now pullbacks in gold. We also address the recent pullback in GDX. The overarching main question we address is if the recent highs in gold and GDX will be broken in the near term.
Jordan Roy-Byrne wraps up today’s comments with a close look at the GDX and GDXJ charts. The set up for the precious metals stocks remains strong however there could be some more downside over the next month or two. The recent action, even before the tension between the US and Iran, were foretelling that the overall sector needed a little pullback. Jordan shares the levels he is watching for this pullback.
Jordan Roy-Byrne joins me for an update on the balance between gold and the gold stocks. The stock have been under performing recently and the moves today on the back of geopolitical actions further drive that home. We could be in for a short term correction or pause but the log term outlook remains very strong.
Jordan Roy-Byrne joins me to recap the recent moves higher in gold and silver right around Christmas time. Without any major news to drive these moves we look at some of the other markets that can be correlated to the metals. Overall the outlook for 2020 is positive for precious metals investors.
Jordan Roy-Byrne, Founder of The Daily Gold shares his thoughts on the recent M&A in the metals sector as well as the downtrend in the US Dollar. While the dollar has broken short term support it is not in full on breakdown mode just yet. We discuss the importance of the start of 2020 to address if the dollar is in a long-term downtrend.
Jordan Roy-Byrne joins me for a close look at the GDX and GCC (equal weight commodity index) charts. It all ties into the potential of inflation picking up in 2020 which could be a major driver not just for the precious metals. Jordan also shares some levels for gold and silver where he sees strong support.
Just last week Jordan announced he was buying a couple junior gold stocks. We discuss why now he is putting money at play and what characteristics he is looking for in the companies he is investing in. Overall this recent pullback has been very constructive for the sector. Even if the PMs move sideways to the end of the year it sets up for a move higher in 2020.
Jordan Roy-Byrne and I discuss the importance of gold holding $1,450 over the past couple days even when US markets are at all time highs. We also recap the CoT reports where the speculators are still net long and have not unwound a significant number of those positions. The final comment on the potential of gold stocks and US markets to move up together is very important.
Jordan Roy-Byrne joins me today to share his thoughts on the precious metals sector after yesterday’s selloff. We look at the recent action in the gold and silver stocks as very encouraging for the overall PM complex however we probably won’t see a major move higher this year. We also address how the stock market, US dollar, and bond market are playing their rolls.
Jordan Roy-Byrne joins me today to outline the importance of moves int he US markets vs precious metals. We discuss overall sentiment in both sectors which is one of the key drivers. Also short term compared to long term Fed policy related to a potential recession is key in determining short to medium term moves. Finally general fund flows are short term drivers to price.