Jordan Roy-Byrne - Techncial Commentary – Wed 30 Aug, 2017

When looking at gold keep a close eye on currencies

Jordan Roy-Byrne joined me today to update his thoughts on the precious metals now that gold broke out on Monday. He outlines why he thinks currencies are the most important factor to watch. The moves in the USD over the past two days has Jordan thinking that it could be in for a bit of run up. It will be important to see if this impacts the metals.

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Featuring:
Jordan Roy-ByrneCory Fleck
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Comments:
  1. On August 30, 2017 at 3:43 pm,
    OOTB Jerry says:
    • On August 30, 2017 at 3:44 pm,
      OOTB Jerry says:

      Reminds me of never ending TA….. 🙂

      • On August 30, 2017 at 8:33 pm,
        Excelsior says:

        I’d prefer never-ending T&A…. 😉

    • On August 30, 2017 at 3:54 pm,
      OOTB Jerry says:

      talking OIL…..metals , ending of stock market (going back to South seas bubble)

      • On August 30, 2017 at 4:02 pm,
        OOTB Jerry says:

        silver to under perform gold………

        • On August 30, 2017 at 4:03 pm,
          OOTB Jerry says:

          per BOB HOYE, looking at history……

          • On August 30, 2017 at 4:10 pm,
            OOTB Jerry says:

            Gold silver ratio …….100 to 1……in a contraction….. there before , could return to 100 to 1……….data trail of 300 yrs…….history in the making…….per BOB H.

          • On August 30, 2017 at 4:11 pm,
            OOTB Jerry says:

            I said silver stinks………….:)

          • On August 30, 2017 at 4:33 pm,
            b says:

            Back to 100-1?
            WOW, a GREAT time to buy. lol.

            You probly saw already, Morgan is going on about people wont sell at $50 silver.
            Kaiser could start with the $500 if ya want it campaign again.

          • On August 30, 2017 at 4:36 pm,
            OOTB Jerry says:

            Hello b……
            I stopped listening to Dave M……same old story…….mostly wrong…….jmo

          • On August 31, 2017 at 5:53 am,
            OOTB Jerry says:

            @b……….
            here is one you would like, I broke down and listened to David, to see if I was missing anything……I will say…..He did have some interesting points….
            http://financialsurvivalnetwork.com/2017/08/david-morgan-gold-rally-running-out-of-steam/

          • On August 31, 2017 at 10:00 am,
            b says:

            I stopped listening to d morgan long ago.
            he just repeats the same stuff and of course buy buy buy.

            to be fair tho, economics is finite and really not complicated so maybe people gotta get creative to sell subs.

            thx 4 the link tho.

          • On August 31, 2017 at 10:16 am,
            OOTB Jerry says:

            Since we both stopped listen to morgan some time ago, ……
            I misread your comment, …..thinking that you thought I should listen to him…
            So, I did……..At FSN, …it seems Dave thinks….the USA is (screwed) if we do not get back to morals, and after 40 yrs of being a silver guru, he thinks there are some more important issues at hand….just food for thought…..and I would have to agree with him.

  2. On August 30, 2017 at 4:29 pm,
    OOTB Jerry says:
    • On August 30, 2017 at 5:57 pm,
      JohnK says:

      Same old dribble.
      Crypto currency cannot be compared to anything in the past. This is a common flaw experienced by commodity traders.
      Broke traders at that.

      • On August 30, 2017 at 6:06 pm,
        JohnK says:

        Bitcoin 4,568.83
        Ethereum 378.86
        Bitcoin Cash 580.82

      • On August 30, 2017 at 6:14 pm,
        OOTB Jerry says:

        You will have a great collection of articles in a few years…and you can say …”I told you so”……. I think.cryptos are here to stay….jmo

        • On August 30, 2017 at 6:17 pm,
          OOTB Jerry says:

          You will be the “go to guy” on the KER, for info concerning cryptos….. better study hard, and keep us informed……….OOTB…

          • On August 30, 2017 at 6:34 pm,
            JohnK says:

            No Jerry I am not the go to guy on Cryptos.
            I am the guy who acknowledges that there are a lot of people out there a hec of a lot smarter than me.
            I just happened to cross paths with one of them.

        • On August 30, 2017 at 6:31 pm,
          JohnK says:

          I’m waiting for the next event that scares the hec out of all invested in the cryptos so I can see which crypto goes down the least on a percentage basis.
          I have already rode a 50% decline in Bitcoin,back around 1220.Bitcoin tracked back to 660.
          I would not be surprised to see it happen again.I’m sure everybody and their brother that doesn’t own any Crypto will be posting”I told you so”.
          I don’t trade the cryptos as there isn’t enough history yet to make an educated bet.
          I did get an E-mail from Mr Ackerman using the hidden pivots and predicting price levels for Bitcoin.I did not see any mention of Tulip Bulbs or Beanie Babies either.Wonder why?

          • On August 30, 2017 at 6:44 pm,
            JohnK says:
          • On August 30, 2017 at 6:54 pm,
            OOTB Jerry says:

            As I said……..I think cryptos are going to be around for awhile……a long while I think…
            then I can say…”I told ya so”………. 🙂

          • On August 31, 2017 at 1:16 pm,
            Matthew says:

            Rick’s HP method goes purely on price action. There’s no reason to bring up other fads. There’s IS enough history to trade cryptos using Rick’s approach. It gets you into a trade after a turn and allows you to capture the bulk of the ensuing trend no matter how large or small.

      • On August 31, 2017 at 11:29 am,
        Matthew says:

        JohnK, it doesn’t matter in the least that cryptos can’t be compared to anything in the past. Human behavior/emotions haven’t changed. This is why the price action of BC, so far, is not at all unique.
        There is no doubt that BC will crack (as it has before), the question is when and from what level. This will happen even if it remains perfectly viable and the higher it goes on dumb-money participation, the harder it will fall and the longer it will take to recover. And based on some of the youtube channels that I now see covering cryptos, there is a lot of dumb money interest in the space.

        Again, nothing about the price action suggests that this time is different.

        • On August 31, 2017 at 12:26 pm,
          JohnK says:

          You are correct Mathew:
          Crypto’s are different,the behaivor is the same. Or is it?
          It’s not my job to be wrong or right here. I take what the market gives me.
          When taking profits is your first decision to decide whether this is smart money or dumb money?
          So far Mathew you have been on the wrong side of the trade.
          Like I told D.T Bitcoin has another 133 years until the final Bitcoin is mined.

          • On August 31, 2017 at 12:36 pm,
            JohnK says:

            You will also note that I said that people with limited funds looking to get into the cryptos would be better off investing in physical Silver.

          • On August 31, 2017 at 12:41 pm,
            JohnK says:

            Bitcoin 4730.98
            Ethereum 383.15
            Bitcoin Cash 587.41

          • On August 31, 2017 at 1:06 pm,
            Matthew says:

            Missing the trade is not exactly being “on the wrong side.” I have not attempted to call a top. THAT would have landed me on the wrong side. You and even Warren Buffet miss more winners than you catch.

            As for the dumb money question, it is obvious who that is when you have youtubers with car channels thinking about starting a new channel dedicated to cryptos.

            Sorry, the average guy is dumb money. That’s a fact and not meant to offend.

            P.s. – You should’ve noticed that I was not negative toward cryptos in the comment that made you defensive — just factual.

          • On August 31, 2017 at 1:12 pm,
            JohnK says:

            I’m not defensive here Mathew.
            Like I said I take what the market gives me.
            I have no expectations.
            Thanks for putting me in the same sentence with Warren.

  3. On August 30, 2017 at 4:48 pm,
    Excelsior says:

    Second Interview with the Unknown Geologist
    by @Newton on August 30, 2017

    > Newton: “I had no idea about the Goldboro property. To hear some of your experience was great, too. Have you done all your geological work within in Nova Scotia?”

    >> Unknown Geologist: “Yes. It was a short period of time, about five years. Three of them with Orex and two with Seabright Resources at Forest Hill underground…..”

    https://ceo.ca/@newton/second-interview-with-the-unknown-geologist

    • On August 30, 2017 at 5:33 pm,
      OOTB Jerry says:

      Is the guy moonlighting……….

      • On August 30, 2017 at 7:16 pm,
        Excelsior says:

        He used to be the geologist on the Goldboro property, that is now controlled by (ANX) Anaconda Mining.

        He believes there is much more to be found, and that when the dewater the underground workings that there are some high grade zones to get at. (he was working in those shafts before they filled up with water).

        I’m starting to build a position in Anaconda and think they are under-followed and under-rated at present.

    • On August 30, 2017 at 7:52 pm,
      Excelsior says:

      Endeavour Silver Drilling Extends High Grade Silver-Gold Mineralization in Santa Cruz Vein at the Guanaceví Mine in Durango, Mexico
      August 30, 2017 – Endeavour Silver Corp. (NYSE: EXK, TSX: EDR)

      “These holes extend the boundaries of the current resource area (dated December 31, 2016). Drilling highlights include 786 grams per tonne (gpt) silver and 0.71 gpt gold (836 gpt AgEq) over 3.4 m true width (24.4 opT AgEq over 11.2 feet (ft)), with an internal interval assaying 2,260 gpt silver and 1.73 gpt gold (2,381 gpt AgEq) over 0.3 m true width (69.4 opT AgEq over 1.0 ft)”

      http://edrsilver.com/news/2017/index.php?content_id=603

      • On August 30, 2017 at 8:00 pm,
        Excelsior says:

        $CZX $CZXMF Canada Zinc Metals – 2017 Akie Exploration Program Update

        2017 Drill Program Highlights – #Zinc

        Approximately 4,700 metres of HQ diamond drill core was completed in eight holes using 2 diamond drill rigs

        All drill holes intersected the target Cardiac Creek Zone with well mineralized intervals recovered

        First four holes targeted both the central core and the up-dip strike extents of the high-grade core

        Two holes targeted the lower central core area at its known extents to the NW and the SE

        Final two holes focused on expansion of the known limits of the indicated resource

        Total of 1,100 samples, including standard QA/QC samples, submitted to assay lab

        Program completed on schedule and under budget

        https://www.fscwire.com/newsrelease/canada-zinc-metals-2017-akie-exploration-program-update

  4. On August 30, 2017 at 7:45 pm,
    Excelsior says:

    (DNN) (DML) Denison Intersects 5.0% eU3O8 Over 4.7 Metres at the Unconformity as Definition and Expansion Drilling Continues on the Gryphon Deposit at Wheeler River
    (Marketwired – Aug. 30, 2017) – #Uranium #Drillplays

    http://denisonmines.mwnewsroom.com/press-releases/denison-intersects-5-0-eu3o8-over-4-7-metres-at-the-unconformity-as-definition-a-tsx-dml-201708301101638001

  5. On August 30, 2017 at 10:51 pm,
    cfs says:

    interesting…….
    but will there be a competing crypto?

    Glance Announces Digital Deals Marketing for Merchants

    VANCOUVER, British Columbia, Aug. 30, 2017 (GLOBE NEWSWIRE) — Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (CSE:GET.WT) (FKT:GJT) is pleased to announce in-app digital offer concept marketing is now available to merchants and business partners. Users will be able to redeem exclusive offers and discounts set by the retailer via our Deals Room directly on the Glance Pay app, reducing the need for costly traditional paper deals, coupons, and expired email offers, while at the same time offering flexibility and creativity for deals that are not feasible via traditional methods. Users will continue to save time with Glance Pay by paying and leaving faster and now have offers to make faster decisions on where to spend their time and money.

  6. On August 31, 2017 at 5:43 am,
    Excelsior says:

    Dollar Strengthening, Gold Resting
    Todd ‘Bubba’ Horwitz – Thursday August 31, 2017

    “The U.S. Dollar has suddenly found a level of support and has rallied the last couple of days, while the Euro currency has sold off. The Canadian dollar has also been under pressure after reaching a double top on Tuesday. Currencies are now starting to reverse and there are dramatic moves in both directions.”

    “The bigger question is how will these reversals in currencies effect the price of gold and silver? These changes in currency prices will have no effect on gold and silver, the days of them being dollar-sensitive are over. The currency wars have changed the correlations, the Dollar is no longer the key benchmark.”

    “Although most commodities are priced in dollars, there are too many other factors that drive prices. Gold looks solid and holding the $1,310 level. We remain bullish as long as gold is above $1,300, believing the bear market is over.”

    http://www.kitco.com/commentaries/2017-08-31/Dollar-Strengthening-Gold-Resting.html

  7. On August 31, 2017 at 5:51 am,
    Excelsior says:

    Charts of The Day: 1970 Gold Bull vs 2000 Gold Bull

    The Hedgeless Horseman – August 30, 2017

    http://www.thehedgelesshorseman.com/gold/charts-day-1970-gold-bull-vs-2000-gold-bull/

  8. On August 31, 2017 at 5:52 am,
    Excelsior says:

    Monarques Gold Intersects a New Zone at Depth on Croinor Gold

    by @newswire on August 31, 2017

    – Hole CR-17-547 intersected 5.22 g/t Au over 3 metres (10 feet) at a depth of 594 metres, including 8.41 g/t Au over 1 metre (3 feet)
    – The best result intersected 10.50 g/t Au over 1.5 metres (5 feet) in a 3.1-metre (10 feet) wide vein at a depth of 341 metres.
    – The new results confirm that the Croinor Gold deposit remains open at depth and along strike.

    https://ceo.ca/@newswire/monarques-gold-intersects-a-new-zone-at-depth-on-croinor

    • On August 31, 2017 at 7:17 am,
      Silverdollar says:

      Some good gold levels, but at some very deep locations! Would like to see something like twice these readings at these depths. JMO

  9. On August 31, 2017 at 5:54 am,
    OOTB Jerry says:

    b…..I left you a message above

    • On August 31, 2017 at 6:07 am,
      Excelsior says:

      OOT – B

      I left you this message below. 🙂

      • On August 31, 2017 at 6:11 am,
        OOTB Jerry says:

        oops……… O^O….still looking…….

    • On August 31, 2017 at 7:16 am,
      OOTB Jerry says:

      FIRST TIME RICK talks about BITCOIN……..history being made……

  10. On August 31, 2017 at 7:19 am,
    OOTB Jerry says:
    • On August 31, 2017 at 7:24 am,
      OOTB Jerry says:

      Who believes anything coming out of Chicago, ……..

      • On August 31, 2017 at 7:49 am,
        JohnK says:

        The windy city.Lots of hot air?

        • On August 31, 2017 at 8:26 am,
          Silverdollar says:

          For starters, that’s where Chris resides.

  11. On August 31, 2017 at 7:44 am,
    Silverdollar says:
    • On August 31, 2017 at 9:24 am,
      OOTB Jerry says:

      Some other guru was talking the same thing yesterday or the day before…..lot of info at zerohedge, bix weir, and sinclair

      • On August 31, 2017 at 9:30 am,
        OOTB Jerry says:

        I think Marty Armstrong was saying the same thing……, but, a few covered the visit on Monday last week……
        Main thing there was no audit…..they only opened one vault of the 13 vaults.
        At this point they can say and do about all they want.
        I will have to say that Dave Morgan is spot on about, no letting this gold thing get ahead of the real things in life….The FRAUD FED, with the help of ALL Central Banks are doing a CON JOB on Every Human Alive.

        • On August 31, 2017 at 9:32 am,
          OOTB Jerry says:

          damn typo ( I stole that from Matt… 🙂 )

          • On August 31, 2017 at 1:19 pm,
            Matthew says:

            Damn stealers 😮

          • On August 31, 2017 at 1:42 pm,
            OOTB Jerry says:

            Damn right on that one…….. 🙂

  12. On August 31, 2017 at 7:46 am,
    JohnK says:

    Here’s a quote from the January 2017 Resource World by Ellsworth Dickson about Jordan
    “On the money side of things,Jordan Roy-Byrne,editor of The Daily Gold,said in his presentation that the spreading of negative interest rates is bullish for Gold,not to mention the U S 20 trillion American debt. He thinks the four-year bear market in resource stocks is ending and he can see the mining stock rally,which has been hesitating,resuming its upward trajectory.”
    Sounds good to me.

  13. On August 31, 2017 at 8:11 am,
    bonzo barzini says:

    Imagine gold@10K and Quinton’s finding a billion oz gold deposit, what would NSRPF sell for?
    And silver would sell for 300 or 400/oz. Where would USAS, AG, WPM, AXU,HL, PAAS, EXK, and MUX soar to? Matthew knows…

  14. On August 31, 2017 at 8:25 am,
    Silverdollar says:

    Here’s some good comments on last night’s attempted smash of gold: https://www.marketslant.com/article/last-night-gold-survives-algo-attack-1298

  15. On August 31, 2017 at 9:11 am,
    Tom says:

    Long LACDF breakout