Jordan Roy-Byrne CMT, MFTA

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Epic Opportunity in Gold Stocks

First, let me say I’ve been way too early on this call. I’ve been wrong and don’t deny it. You have to own up to mistakes, learn from them and be humble. Moving along, the precious metals sector is likely days or potentially hours away from a bottom. With respect to Gold, we are targeting … Continue reading

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Final Capitulation Coming in Precious Metals

Our recent calls for a bottom have been proven wrong as precious metals plunged to another new low. Two trading rules we have is to always use a 20% stop and never add to a losing position. Note our previous article in which we said use the late May low for a stop. This helps … Continue reading

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Potential Path of Gold’s Coming Rebound

We looked at Gold’s price action following three bottoms: early 2004, October 2006 and October 2008. We took the weekly data, weighted it equally and combined it into one chart. We put the equivalent targets on the chart. Our assumption is that Gold starts on July 1 at $1225. These are weekly prices. Gold may … Continue reading

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Potential Path of Silver’s Coming Rebound

Just as we did with Gold, we looked at Silver’s performance following bottoms in 2004, 2006 and 2008. We took that weekly data and merged it into one. We then added that data to a $19 Silver price on July 1, 2013. Note that this is weekly data. Going forward, the big resistance spots will … Continue reading

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Tom McClellan, CMT: Gold COT Data Show Bottoming Condition

Tom McClellan, CMT has some great analysis of Gold’s current COT data. Here are the two charts from his missive. Follow this link to read his entire piece. Whether or not this recent sudden drop in open interest is going to lead to a real and lasting uptrend for gold prices, or instead just bring … Continue reading

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