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Video: Strong Jobs Report & Stock Market Breakout Pressure Gold

The oversold bounce in precious metals reversed course quickly on Friday amid the strong jobs report. Gold was hit the hardest while Silver and the miners declined less than Gold. The question is if this news carries into next week and causes more of a decline in precious metals (which were short-term oversold three days … Continue reading

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Video: Best Historical Comparison for Gold

The best historical comparison for Gold and precious metals is not the 1970s or 2008. It is the mid 1960s, during which gold stocks (the proxy for gold) broke out from a long base. Had Gold been a free market, it likely would have broken out from a 1948 or 1951 peak in the mid … Continue reading

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Video: Gold Stocks Oversold & Approaching a Bounce

Gold stocks are very oversold on a short-term basis and are approaching technical support. The percentage of HUI stocks trading above the 20-day and 50-day moving averages is 0% and the percentage of GDXJ stocks trading above the 20-day moving average is 8% with only 15% trading above the 50-day moving average. Click Here to … Continue reading

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Interview: More Short-Term Pain Before Long-Term Gains

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, reviews some of the technical support levels he is watching for in gold, silver, and the precious metal mining stocks, as the sector continues to correct. Now that the $1980 support gave way in gold, he is looking to the 150 day moving average, as well … Continue reading

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Video: Stock Market & Bond Yields to Pressure Gold, Silver

Last week the S&P 500 closed at a nine-month high. Bond yields rebounded from support. A stronger stock market and higher bond yields means Fed rate cuts are pushed out farther into the future. That puts pressure on Gold and Silver. Click Here to Learn About TheDailyGold Premium

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Interview: Macro Lull & Precious Metals Support Levels

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to share the support levels he is watching for in gold, silver, and the precious metal mining stocks, as the sector continues to correct. Stepping back to the larger the longer-term setup, the PM sector is still looking constructive to break out to higher … Continue reading

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