Collin welcomes Jordan Roy-Byrne back to the program. Jordan is a regular contributor to Palisade Radio and is the editor and publisher of TheDailyGold.com. <\/p>\n
Jordan feels that the correction in GDX is close to being over. Top to bottom GDX has corrected by 17% over the past month, which is typical and healthy. <\/p>\n
Gold is gaining relative strength compared to the S&P and silver and will likely hold up at these levels. It’s building a tight consolidation that will eventually give way to a much higher move. <\/p>\n
Jordan can’t see anything in the markets currently that would be negative for gold. Silver is still setting up for a move to $21. Once that target is reached, there is little in the way of resistance until $27.<\/p>\n