Jordan Roy-Byrne CMT, MFTA

Gold and Silver are likely in a corrective state after fantastic gains in the late summer and early fall. Where might we expect some support? Take a look at the chart below which shows Gold at the top and Silver at the bottom.   Gold has lateral support at $1325. Trendline support will hit $1300 … Continue reading

A great quote from William Osler typifies the evolution of our current monetary system. He said: “The philosophies of one age have become the absurdities of the next, and the foolishness of yesterday has become the wisdom of tomorrow.” Decades and centuries ago, no one would have done without a hard money standard. The founders … Continue reading

Silver has obviously had a very strong run. After breaking out past $19.50/oz, Silver has run all the way to nearly $27 with gains in eight of the past nine weeks. How much further can Silver run? We see some confluence of targets at $32. Note that back in 1980 there was barely any trading … Continue reading

I can guess the bear argument before they begin to make it. The republicans win congress and there will be a new mandate. Spending will be cut. Money printing may cease. We may have austerity in the US. The US Dollar will rally. This will crush the bull market in precious metals. First of all, … Continue reading

When a market makes a strong vertical type move coming out of a consolidation or correction, odds are a bull flag might follow. A bull flag is essentially a small rectangle or triangle-like consolidation that seperates two very strong moves that tend to be equal in terms of size and duration. Note the chart below: … Continue reading

Since the financial crisis in 2008, it is undeniable that precious metals have been the best performer. One would assume that market participants have been piling into Precious Metals. Certainly some money has moved into the sector, smartly anticipating the continuance of a major bull market and looming severe inflation in the next several years. … Continue reading

By Jeb Handwerger http://goldstocktrades.com On October 7th, 2010 my technical indicators were signaling a major reversal about to occur in gold and silver. Seeing that one day outside bar reversal in gold and silver on huge volume right before the jobs report raised huge red flags for my readers and I.  It indicated to me … Continue reading

Days ago I was watching Peter Schiff on Yahoo Tech Ticker. Normally, I find myself in agreement with Schiff. This time, however I disagreed with his comments on the gold stocks. He was saying to buy GDX because the large-cap stocks were priced for a decline in Gold. He also said the speculative juniors were … Continue reading

In regards to technical analysis, we usually discuss (in our public commentaries) price patterns, intermarket relationships and sentiment. I can’t remember I wrote something about volume. This may be the first. Volume can be interpreted in a number of ways which can make it less reliable in my opinion. However, in today’s commentary we want … Continue reading

Modest overnight volume by recent norms with a trading range of $6 with seemingly no concerted buying or selling probes unlike yesterday morning’s bungee jump bear trap. Open interest after Friday’s extraordinary volume actually contracted by ~2,000 contracts and patently confirms that shorts continue to cover and that new money is not in the room … Continue reading