Jordan Roy-Byrne CMT, MFTA

Gold is on the cusp of a major breakout from its super-bullish cup and handle pattern. The measured upside target is $3000/oz, and the log target is roughly $4000/oz.   These targets may sound extreme, but breakouts from multi-decade bases are rare but very bullish. Furthermore, a breakout from a long-term base to a … Continue reading

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A breadth thrust is a sudden burst of strong participation that follows a downtrend or bear market. For GDX we measure the breadth thrusts on a 15 and 25 day basis. Two breadth thrusts have been triggered in the last 11 years. It appears the 15-day thrust could trigger in a few days and the … Continue reading

In this video we note the time it takes Gold to breakout after a Fed rate hike cycle. We look at the past 5 rate hike cycles. We mark the peak in Gold around the start of the rate hike cycle and then the time it takes Gold to surpass that high. If Gold were … Continue reading

Gold closed the week just below weekly resistance at $1985. Silver closed the week up 4% to $23.34. Silver faces resistance at $24.50 and $26.00. Should Gold close above $2000 then it would have upside to $2070-$2090 and that should pull Silver close to $26. Next Friday marks the end of the month and the … Continue reading

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to share his technical and macro outlook for the precious metals sector, with a key technical factor to watch being what price gold closes this month and quarter. A close above $1953 in March would be the highest quarterly close on record, and a … Continue reading

Gold mining stocks and Silver are the riskier parts of the precious metals sector. Generalist capital always favors Gold first and second before considering miners and Silver.   The gold stocks and Silver have underperformed Gold so badly because Gold has been in a secular bear market since 2011.    Think of the economics … Continue reading

Gold closed last week at $1974. The key resistance level for Gold on a daily and weekly basis is $1950 to $1985. There is also monthly and quarterly resistance at $1953. A weekly close above $1985 would mark the second highest weekly close ever. Click Here to Learn About TheDailyGold Premium