Jordan Roy-Byrne CMT, MFTA

Joe Mazumdar, the co-editor of Brent Cook’s Exploration Insights newsletter, joins us at the Precious Metals Summit in Beaver Creek to share his current thoughts on the junior sector.

Gold stocks remain in correction mode and we believe the odds favor downside before upside. This video update contains three charts.      

We just sent an 8-page flash update out to subscribers. Some emails bounced back so let us know if you did not receive. We comment on GDX, GDXJ as well as 9 companies. Some we own, some we do not own. Learn more about our premium service here.   

My most recent interview…

The failure of Gold and gold stocks to sustain recent gains coupled with a strong selloff to close the week dashes any hope that the correction ended last week. The charts and probabilities argue that the sector remains in a larger correction and perhaps has started the C portion of a typical A-B-C (down-up-down) correction. … Continue reading

Gold and gold stocks bounced to end the week thanks to an oversold condition coupled with a softer than expected jobs report which likely delays Fed action until December. At one point this past week the market had priced in a 64% chance of a single rate hike by December and a 42% chance of … Continue reading

A flash update for subscribers was sent late last evening. We cover the current outlook for Gold and gold stocks. Learn more about our premium service here.   

Mike and I discuss the current correction in the precious metals sector….

Take a look at this brief video…

Last week we projected 5% to 10% downside in the gold stocks. Well, not to butter my own bread but GDX and GDXJ both lost 9% on the week. That being said, I believed that the weakness would be limited and miners could rebound to new highs in September. While that possibility remains, there is … Continue reading