GDX

The gold stocks continue to correct their epic +150% rebound that began in January and ran into the summer. Last week it was the poor relative strength in the miners that hinted the correction had more to go in both time and price. This week, it was the miners failure at a confluence of resistance, … Continue reading

The founder and editor of The Daily Gold website, Jordan Roy-Byrne shares his thoughts on the gold market. We first address the fact that this recent gold move has surprised him but most of this is due to changes in the election narrative. We look further out to next year when we have the election and December … Continue reading

Interview with Mike Swanson…

The video is 12 minutes…

From the Korelin Economics Report: Jordan Roy-Byrne, founder of TheDailyGold.com shares his technical insights on GDX and GDXJ. We dive into the weekly and monthly charts to determine where this pullback in gold stocks should reverse. The underlying assumption is that we are in a bull market but we do consider some levels that could … Continue reading

My latest comments on precious metals amid the recent carnage…

A 5-minute video update covering gold stocks…

Gold stocks remain in correction mode and we believe the odds favor downside before upside. This video update contains three charts.      

The failure of Gold and gold stocks to sustain recent gains coupled with a strong selloff to close the week dashes any hope that the correction ended last week. The charts and probabilities argue that the sector remains in a larger correction and perhaps has started the C portion of a typical A-B-C (down-up-down) correction. … Continue reading

Gold and gold stocks bounced to end the week thanks to an oversold condition coupled with a softer than expected jobs report which likely delays Fed action until December. At one point this past week the market had priced in a 64% chance of a single rate hike by December and a 42% chance of … Continue reading

Mike and I discuss the current correction in the precious metals sector….

Last week we projected 5% to 10% downside in the gold stocks. Well, not to butter my own bread but GDX and GDXJ both lost 9% on the week. That being said, I believed that the weakness would be limited and miners could rebound to new highs in September. While that possibility remains, there is … Continue reading