Jordan Roy-Byrne CMT, MFTA

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Miners Next Move: Breakout or Breakdown?

We’ve been very bullish on the miners since January but became concerned recently with the poor technical action in the metals (specifically Gold). Last month the mining indices were very close to a major breakout yet couldn’t punch through. This signaled that Gold could begin a deeper decline and the miners would be vulnerable. However, … Continue reading

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TheDailyGold Podcast: Erik Townsend

New guest Erik Townsend is a successful software entrepreneur who is now a hedge fund manager. Eric discusses his short-term and long-term outlook for Gold as well as the factors driving current and future trends.   Follow Erik’s work at his website.  

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More Weakness Ahead for the Miners

No pain, no gain. That is one comment regarding this seemingly terminal bottoming process in the precious metals complex. Multiple times as soon as conditions have strengthened enough for us to anticipate a breakout, the miners have put in a bearish reversal. At the same time, the metals and especially Gold have failed to gain … Continue reading

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Will Gold Drag Down the Miners?

We know that the gold and silver stocks lead the metals at key turning points. The stocks started their bear market well ahead of Gold. This year the stocks have exhibited excellent relative strength. Gold and Silver are up less than 10% this year while GDX is up 27% and GDXJ is up 43%. In … Continue reading

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Gold & Silver Stocks: It’s Old Turkey Time!

Those familiar with Jesse Livermore and the book Reminiscences of a Stock Operator know who Old Turkey is. He was Mr. Partridge, an old trader who dispensed great wisdom in few words. Those at the office nicknamed him Turkey because of the way in which he strutted around with his chest puffed out. Livermore gleaned … Continue reading

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Gold & Silver COTs

Here is a look at the updated COT for Gold & Silver…

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