Jordan Roy-Byrne CMT, MFTA

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Precious Metals Video Update: Rebound Targets

We cover potential rebound targets for GDX, GDXJ and Gold and we look at Gold’s current performance relative to global equities, foreign currencies and commodities.    

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Precious Metals Get a Reprieve

The precious metals sector has held recent lows and a rebound is underway. Gold held $1080/oz for three straight weeks and has pushed as high as $1126/oz this week. The gold miners (GDX and GDXJ) surged the first half of the week and Silver has also gained. We believe that this move is more likely … Continue reading

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Gold Stocks vs. S&P 500

Gold miners are the cheapest ever relative to Gold and now are inches away from being the cheapest ever relative to the S&P 500. Note how similar the past four years are to the period of 1996-2000.    

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Gold: Rebound or Another Breakdown?

The precious metals complex has attempted to stabilize over the past few weeks. Some markets have had more success than others. Gold has been able to hold $1080/oz while GDXJ has also held its recent low. The large cap indices (GDX, XAU, HUI) have grinded lower to new bear market lows this week. This leads … Continue reading

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Gold Miners Nearing Rebound

Recently we’ve been writing about the downside potential in precious metals and the danger for precious metals bulls. The gold miners and Silver have led the rout while Gold finally cracked support ($1140-$1150/oz) last week. That led to a severe selloff across the complex. As we pen this on Thursday evening it appears Friday could … Continue reading

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Interview with Wall Street Window

This interview was conducted Tuesday. We share our latest thoughts on the precious metals sector. Go Here to listen to the mp3 file at Mike Swanson’s website. Here is the interview on our YouTube Channel….    

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