Jordan Roy-Byrne CMT, MFTA

The relationship between gold stocks (while in a secular bull market) and the broad market (while in a secular bear market) is difficult to diagnose and that is what makes it so interesting. There is no single rule of thumb or axiom we can trust because history is quite varied. There are instances of the … Continue reading

Daily Newsletter – Thursday, July 26, 2012 In this issue… – Editorial – Podcasts – Company News – Premium Snippet Editorial… We are 12-13 years into this bull market. With most bull markets averaging 16-18 years in duration, that means we are likely 2/3 or perhaps 3/4 through this bull market. Most of the gains … Continue reading

Dave Skarica discusses precious metals, the near-term outlook for equities and why European shares could be a major contrarian trade over the next several years. Visit Dave’s website here.   

Tiho discusses global markets and what he is doing as a fund manager. Tiho’s Blog.

Huldra Silver to finish second stope by end of August….

In recent commentaries we’ve written about the three phases of a bull market and how and why the final phase evolves as it does. Valuations, sentiment and market structure all explain why markets take a dramatic upward turn in the final phase after relatively stagnant performance in the previous phase. These are the “micro” behind … Continue reading

Daily Newsletter – Friday, July 20, 2012 In this issue… – Ray Dalio’s Quotes on Gold – Company News – The Three Variables – Premium Snippet Ray Dalio’s Quotes on Gold… Ray Dalio is a hedge fund manager and his fund is the biggest in the world and perhaps the most successful over the past … Continue reading

Daily Newsletter – Wednesday, July 18, 2012 In this issue… – Editorial – Podcasts – Company News – Premium Snippet Editorials…. Here is our last editorial (written yesterday): The Potential for Gold Stocks in 2013-2014 The gold stocks are historically cheap and if margins expand in the coming year or two then valuations will certainly … Continue reading

I was interviewed by Mike Swanson of Wall Street Window. The interview is here:

There are two drivers of stock prices: valuation and earnings. Valuations are very much driven by investor sentiment while earnings are driven by revenue and margins. In recent months we’ve devoted some time to the three phases of a bull market. These are the stealth phase, wall of worry phase and participation or bubble phase. … Continue reading