Jordan Roy-Byrne - Techncial Commentary – Wed 4 Oct, 2017

The Metals Markets Are Boring – But Is That A Bad Thing?

Founder of The Daily Gold Jordan Roy-Byrne joins me to discuss the overall boring metals market. We look at the longer term charts and focus on the recent monthly closes. With the metals very much in the middle part of the range in 2016 it might take some time for the next big move to happen. We also look at the USD rebound and assess how long that can run.

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Featuring:
Jordan Roy-ByrneCory Fleck
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Comments:
  1. On October 4, 2017 at 1:33 pm,
    Silverdollar says:
  2. On October 4, 2017 at 1:40 pm,
    Silverdollar says:

    Would love t hear Jordan with more hope but at least he isn’t where Spanky is! 🙂

  3. On October 4, 2017 at 2:01 pm,
    OOTB Jerry says:

    BOring for a long time………..

  4. On October 4, 2017 at 2:18 pm,
    b says:

    GREAT!!!!! time to buy.

  5. On October 4, 2017 at 3:36 pm,
    GH says:

    At the risk of being called a to the moon guy, I think the precious metals miners charts are pretty exciting here. GDXJ just put in a daily cycle low. One of these DCLs will be the launching pad for a major move.

    What I see in this daily chart is price action that has been compressing since the July 2016 high, and is now nearing an upside breakout of this ~15 month wedge.

    http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=11&dy=0&id=p76601166388&a=546153739

  6. On October 4, 2017 at 6:02 pm,
    Ozibatla says:

    When the metals are just muddling along, that is boring but ok. When they move drastically one way or another (lately that is predominantly down) its not so boring but being unstable its generally not a good thing.

    So either lose interest in the stable boring game or remain interested from the unstable moves. Bit like being stuck between a rock and a hard place.

    The waiting game sucks but it looks a good place to be. The cap is tightly screwed on.