Jordan Roy-Byrne CMT, MFTA

A look at the gold stocks and potential support targets. Also some comments on Gold’s fundamental backdrop.  

There is no excerpt because this is a protected post.

Gold and gold stocks have refused to correct for more than a few days at a time. Weakness is being bought and quickly. Gold has gained over $200/oz but not corrected by more than 6%. The miners (GDX) have endured three roughly 10% corrections in the past six weeks but nothing greater. A few weeks … Continue reading

We discuss the knee jerk reactions to the CoT and how markets perform in new bull markets that follow epic bears.    

At the start of 2016, renowned fund manager and bond king Jeff Gundlach predicted Gold would surge to $1400/oz. That was quite the call considering Gold was still in a bear market. He reiterated his target a few days ago in a webcast. Gold closed the week below $1260/oz after reaching as high as $1287/oz … Continue reading

Our analysis of such is in this video…

Interview with Dan Norcini…

Two weeks ago, regarding the miners we wrote: If it (GDXJ) surpasses its 80-week moving average then its next target is $27-$28. Meanwhile, GDX is holding above previous resistance at $18. Its next strong resistance targets are $21 and $22. Earlier today GDX and GDXJ came within pennies of $21 and $29 respectively while Gold … Continue reading

Gold and gold mining stocks break to new recovery highs.  

Negative real rates drives investment demand which drives Gold. Some highly regarded voices in the industry are talking about this. We also talk about it in our book. TheDailyGold.com/Book.