Jordan Roy-Byrne CMT, MFTA

As the 10-year yield pushes to higher highs the yield curve is fast approaching 0 and positive territory, which is a strong recession signal. That is pressuring the stock market and boosting Gold, which is also showing strength in real terms. Gold is knocking on the door of major resistance once again. The recent break … Continue reading

Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his insights on the charts for gold, silver and GDX. After the breakdown at the end of September the precious metals have rebounded strongly to start this month. Jordan also points out that it’s not just geopolitics that are driving this move. … Continue reading

Gold put in a low less than two weeks ago, which was followed by a gap up and a stealth rally. Then it exploded last Friday past $1940/oz. When considering technicals and the Gold CoT, a sentiment indicator, there is some reason to believe in an important bottom. The gold stocks were nearly extremely oversold … Continue reading

Amid escalating conflict in the Middle East and its oversold condition, Gold surged higher last Friday to nearly $1945/oz.   That surge occurred days after a bullish intraday reversal from $1823/oz on October 6 and a gap higher on October 7. Then Gold continued higher for a few days before Friday’s explosion.   In … Continue reading

In this video we update support and resistance levels for Gold & Silver, following Friday’s upside explosion. We also cover targets for GDX & GDXJ.

There continues to be several similarities between today and the 1968-1971 period for Silver. Click Here to Learn About TheDailyGold Premium

The current macroeconomic backdrop should ultimately lead to a favorable outcome for precious metals, but, in the interim, it is putting pressure on that asset class. Most notably, higher real interest rates and a strengthening greenback provide headwinds.   The timing of the transition to that favorable outcome is difficult to discern.   However, … Continue reading

Gold, Silver and the miners (GDX, GDXJ) likely made a short-term bottom last week. In this video, I discuss upside targets over the next week or two, as the path of least resistance for precious metals should be higher in the short-term. Click Here to Learn About TheDailyGold Premium