Jordan Roy-Byrne CMT, MFTA

We know that Silver has a base going back to 1950 but there are two other charts that have similar bases. Click Here to Learn About TheDailyGold Premium

Gold and Silver rebounded and may have a bit more upside but they do face significant overhead resistance. Gold has more room to run as it closed at $1940 and its stiff resistance is at $1980-$2000. Silver managed to close last week above $24 and was stronger than Gold. However, it faces stiff daily resistance … Continue reading

A study of history shows how all the asset classes can be related at secular turning points. In the mid 1960s, the secular bull in Bonds ended first and then followed by Stocks. Then Gold made its huge move. In 2000-2002, stocks peaked well before the dollar. The bull market in bonds is likely over. … Continue reading

Gold is now 12 years through its cup and handle pattern and consolidation since the 2011 peak. 2024 will mark the 13th year. There are a handful of examples of major breakouts from 13 year consolidations. There are three in the S&P 500, one from the Gold price in Paris (during Gold Standard era) and … Continue reading

Significant technical damage has been inflicted upon Gold, Silver and the miners, leaving them vulnerable to further selling over the coming weeks. However, they are very oversold on a very short-term basis and odds favor a rebound next week. GDXJ and SILJ formed bullish hammers. Silver outperformed Gold in recent days. Silver and Gold are … Continue reading

The move higher in bond yields and real interest rates on the back of a stable economy (for now) is causing heavy selling in Gold & Silver.    Although two weeks remain in August, Gold’s monthly candle chart shows a clear bearish engulfing candle.    The next strong support is the long-term monthly moving … Continue reading

In this video we evaluate three charts that clearly show Gold is not yet in a secular bull market. Click Here to Learn About TheDailyGold Premium

Volatility in Gold is declining as Gold and precious metals bleed lower. In the past, declines in volatility preceded a bottom in the market and later, a big move. Click Here to Learn About TheDailyGold Premium