Jordan Roy-Byrne CMT, MFTA

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Gold remains in a bullish big-picture consolidation but failed to break out as the Fed quelled banking issues, and the economy has avoided recession.   The market has discounted a soft landing as capital has moved out of Bonds and into equities.   Inflation expectations have begun to perk up mostly due to the … Continue reading

Gold and Silver last week traded up to resistance at $1980 and $25.50. Both sold off the last few days. Meanwhile, the gold and silver stocks printed some ugly candles on Wednesday and Friday. Click Here to Learn About TheDailyGold Premium

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If Silver makes a weekly close above $26, it triggers a measured upside target of $34. Silver against foreign currencies is also very close to a breakout and a 12-year high. Click Here to Learn About TheDailyGold Premium

We know that Silver has a base going back to 1950 but there are two other charts that have similar bases. Click Here to Learn About TheDailyGold Premium

Gold and Silver rebounded and may have a bit more upside but they do face significant overhead resistance. Gold has more room to run as it closed at $1940 and its stiff resistance is at $1980-$2000. Silver managed to close last week above $24 and was stronger than Gold. However, it faces stiff daily resistance … Continue reading