Jordan Roy-Byrne CMT, MFTA

Nearly two weeks ago, we wrote that Gold and Gold Stocks were due for a pause. Naturally, that includes Silver.   The miners were very overbought and at resistance while Gold was approaching measured upside targets of $3000 and $3050 after a sharp move over the previous 12 months. Silver had only a tiny … Continue reading

Last week, we wrote about the Near Perfect Setup in gold stocks but that a correction or pause was likely before a sustainable breakout.    Gold closed the week at $2900 after trading as high as $2968. It has measured upside targets of $3000 and $3050.    It is overbought, which is a long-term positive, … Continue reading

Gold stocks have enjoyed a strong move while Gold has climbed to $2900/oz. The various ETFs and indices have gained 20% since the end of December.    Gold is approaching measured upside targets of $3000/oz and $3050/oz, and the gold stocks are short-term overbought as they approach multi-year technical resistance.     HUI and GDXJ … Continue reading

Precious Metals closed last week and January strong, particularly Gold. The ancient metal of kings closed January up over 7% and Friday at a weekly all-time high of $2835/oz.   Silver, though far from an all-time high, closed the month up over 10% at $32.26/oz. Surpassing resistance at $32-$33/oz would take it to $35/oz. … Continue reading