Jordan Roy-Byrne - Techncial Commentary – Wed 16 Aug, 2017

A broad look at Gold and Gold stocks – Key levels to watch

Even though gold has remained range bound there are some push and pull factors that could cause a pop. Jordan Roy-Byrne, Editor of TheDailyGold.com shares his technical outlook for gold and gold stocks. He points to a potential market correction as a key driver as well as the Fed reaction to this drop. We also consider lower targets that are key to hold.

Click here to visit Jordan’s website for more great precious metal commentary.

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Featuring:
Jordan Roy-ByrneCory Fleck
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Comments:
  1. On August 16, 2017 at 11:31 am,
    james says:

    All Base Metals up . Why ? Next a Gold Explosion ?

  2. On August 16, 2017 at 11:42 am,
    CFS says:

    Speaking too soon, Mr. Fleck?

    I had $50K up day.

    • On August 16, 2017 at 11:48 am,
      CFS says:

      Just going alphabetically, check out:
      AGD, BKM, CZN, CZQ, FCK….. some of my stocks on the TSX

      • On August 16, 2017 at 12:57 pm,
        b says:

        czn,
        I never liked the management.
        I had friends that owned that and talked to management on a regular basis.
        They were talkin to the moon when it was going for dollars, @ 72 cents my firend said to jump in for the quick double maybe triple, my advice was buy it at 5cents if there is no other option.
        sure enough 5 1/2 cent is where it got to.

        The management missleads in my opinion, I havnt checked them for awhile, maybe they have changed since I last looked.

        Funny, when silver was heading to $50 they called it a silver mine, I would say ” the name is cdn ZINC…ZINC!” lol

        • On August 16, 2017 at 1:05 pm,
          CFS says:

          I agree the management of CZN sucks badly.

          • On August 16, 2017 at 1:11 pm,
            b says:

            actually, there was talk about getting it operational in a couple years, that was 6 mths to a year ago.
            I didnt follow up.

  3. On August 16, 2017 at 11:44 am,
    OOTB Jerry says:

    Silver up .41cent…….real nice…..above $17

    • On August 16, 2017 at 11:49 am,
      CFS says:

      IPT doing nicely.

        • On August 16, 2017 at 1:03 pm,
          Matthew says:

          Make that 24.14%

          • On August 16, 2017 at 1:13 pm,
            OOTB Jerry says:

            Makes it nice……for the holders……….

          • On August 16, 2017 at 1:19 pm,
            Matthew says:

            And volume was about 50% greater than the average (but less than my position ๐Ÿ˜‰ )

          • On August 16, 2017 at 1:23 pm,
            OOTB Jerry says:

            Don’t sell or you will shake the market……… ๐Ÿ™‚

          • On August 16, 2017 at 1:27 pm,
            OOTB Jerry says:

            2016…$1.10 ….to .35c…….up .06cents……….Hope it has bottomed….looking good for a turn around……jmo

          • On August 16, 2017 at 1:35 pm,
            JohnK says:

            Really nice move in IPT.V today Mathew.
            Hats off to you.
            Two more closes above .36 and I will be on board.

          • On August 16, 2017 at 3:09 pm,
            Matthew says:

            Thanks JohnK, it helps to offset my Primero experience! ๐Ÿ˜

          • On August 16, 2017 at 3:11 pm,
            Matthew says:

            No worries, Jerry, I’m not selling a single share at anywhere near the current price.

          • On August 16, 2017 at 3:40 pm,
            OOTB Jerry says:

            I didn’t think so…….. ๐Ÿ™‚

          • On August 16, 2017 at 11:34 pm,
            Excelsior says:

            Great day for IPT !!

    • On August 16, 2017 at 11:55 am,
      OOTB Jerry says:

      Last week…….Friday…..was $17.10……lost a week, up down, up down, up down

  4. On August 16, 2017 at 12:11 pm,
    CFS says:

    Remember me talking about Kemet KEM a week ago?

  5. On August 16, 2017 at 12:32 pm,
    Matthew says:
    • On August 16, 2017 at 12:38 pm,
      Dan, calgary says:

      As of now the chart would update to around 74.67. Well under the 50 dma.

      http://stockcharts.com/h-sc/ui?s=$GOLD:$SILVER

      • On August 16, 2017 at 1:14 pm,
        Matthew says:

        I’d rather price silver in gold than price gold in silver for two reasons: 1) Gold is the “senior” and better money, and, 2) the miners are generally bullish when the silver-gold ratio is bullish but are bearish when the gold-silver ratio is rising. In other words, a bearish/falling gold-silver ratio is bullish for the miners so it can be confusing to some.

        $SILVER:$GOLD
        http://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=D&yr=1&mn=0&dy=13&id=p77760560198

        • On August 16, 2017 at 3:34 pm,
          Chartster says:

          I never noticed that before, Matthew. Thanks
          Good explanation.

  6. On August 16, 2017 at 12:33 pm,
    pardu says:

    What does Doc think about the possible break up or down in September? Does he still see the PM sector start to rise in early 2018 or can he see it starting sooner?

    • On August 16, 2017 at 1:18 pm,
      OOTB Jerry says:

      HOMELESS IN NY……..

      • On August 16, 2017 at 1:20 pm,
        OOTB Jerry says:

        Thanks….FED

        • On August 16, 2017 at 1:48 pm,
          JohnK says:

          That is really sad. Somebody ought to slap their parents.

          • On August 16, 2017 at 2:09 pm,
            OOTB Jerry says:

            Someone needs to educate them first…….and stop all the Johnson hand out cards…

          • On August 16, 2017 at 2:10 pm,
            OOTB Jerry says:

            Board of Education……..JOKE No. 1

          • On August 16, 2017 at 2:10 pm,
            OOTB Jerry says:

            Board of Realtors………JOKE No. 2

          • On August 16, 2017 at 2:11 pm,
            OOTB Jerry says:

            SEC………..JOKE No. 3……

          • On August 16, 2017 at 2:12 pm,
            OOTB Jerry says:

            FED………THE BIGGEST JOKE OF ALL

          • On August 16, 2017 at 2:20 pm,
            JohnK says:

            The history of which text books are in use is another rabbit hole. If you venture your sure to be labeled a conspiracy theorist

          • On August 16, 2017 at 2:26 pm,
            OOTB Jerry says:

            Higher learning , requires outside studies and critical thinking, and a lot less sports and play time……… ๐Ÿ™‚

          • On August 16, 2017 at 3:43 pm,
            Chartster says:

            Red pill-…good…..
            Blue pill-…bad…..
            Once in the rabbit hole, always in the rabbit hole.

          • On August 16, 2017 at 4:57 pm,
            OOTB Jerry says:
          • On August 16, 2017 at 6:26 pm,
            JohnK says:

            Good one Jerry:
            +A440

  7. On August 16, 2017 at 1:44 pm,
    PF says:

    Gold is getting hurt by bitcoins and other cryptos.

  8. On August 16, 2017 at 3:51 pm,
    Ozibatla says:

    Ive wondered the same thing PF.

  9. On August 16, 2017 at 5:12 pm,
    JohnK says:

    Oz:
    To verify a statement like that you would have to know the composition of the traders at the Crimex.To think that some of the commercials are getting into Bitcoin is a stretch.To say that Hedge funds were getting into Bitcoin in a big way is also a stretch IMHO.
    To an extent the traders at the Crimex trade fundamentals, More so now, much of the trading is technical and emotionally driven. Not to mention the machines running the Algo’s.

  10. On August 16, 2017 at 5:26 pm,
    Ozibatla says:

    Whoa whoa whoa John! U know what they say about assumptions? To imply that I suggested any of your aforementioned theories from a 6 word sentence is jumping the gun a tad.

    I actually agree with what you have stated. All I was summising was, that perhaps some of the safe haven driven money that was somewhat attracted to gold in the past has since been “parked” in other assets ie: bitcoin.

    • On August 16, 2017 at 6:38 pm,
      JohnK says:

      Your right Oz,I’d be willing to bet that it isn’t that much yet.Listen to the old timers,far as their concerned crypyos are still Tulip Bulbs and Beanie Babies.
      I just listened to an interview with Michael Pento interviewing Jim Rickards .M Pento still says that Bitcoin has no value because there is no scarcity factor.J Rickards gets it and M Pento is still another lost Dinosaur.J Rickards is a pretty smart guy,I will admit he has pocketed a tidy some of cash promoting fear but at least he isn’t naive enough to try predict when things come unglued.
      https://www.youtube.com/watch?v=ghox-yTUmnY

  11. On August 16, 2017 at 6:47 pm,
    Ozibatla says:

    If that is what Pento said then he is either misinformed or just plain anti-bitcoin. I agree, Rickards is an intelligent man who has many associates within high up powers ie: Government Agencies. This is what makes me slightly sceptical of him and his agendas. I read his book – “Currency Wars” and it was very interesting if not compelling.

    • On August 16, 2017 at 7:07 pm,
      JohnK says:

      I liked in this interview when J Rickards discusses Terrorist insider trading prior to 9/11.
      Also his explanation of the Complexity Theory and the Exponential function of scale caught my attention.
      This is the first time I have ever listened to him as I automatically have a distrust with anyone associated with the CIA.
      J.Rickards has a new book out called The Road to Ruin.After listening to him I think I will buy his book and read it.

  12. On August 16, 2017 at 7:14 pm,
    JohnK says:

    Oz:
    Right after this one.” World Without Cancer”The Story of Vitamin B-17.G Edward Griffin.Thanks CFS.

  13. On August 16, 2017 at 7:38 pm,
    Ozibatla says:

    I too will get road to ruin eventually. I have also heard of the one you mentioned by Edward G Griffin which sounds very interesting. Too many to read and not enough time. Im embarrassed to admit that Ive only just started reading 1984!

    • On August 16, 2017 at 11:38 pm,
      Excelsior says:

      1984 is a classic and should be required reading. The weird thing now is how close we have gotten compared to when the book was written. Spooktacular!

      • On August 17, 2017 at 3:55 am,
        confused says:

        Matt should post a chart expressing 1984 and the current trends towards authoritarianism is the U.S.

      • On August 17, 2017 at 6:41 am,
        Bonzo Barzini says:

        I just reread 1984 in July. Obama is Big Brother. Fortunately rats don’t scare me.

  14. On August 16, 2017 at 11:57 pm,
    Ozibatla says:

    Spot on Ex!