Jordan Roy-Byrne - Techncial Commentary – Wed 6 Dec, 2017

Major Miners and Yields All Hurting The Metals

Jordan Roy-Byrne joins me today to outline some of the factors that have us concerned about the metals markets. We discuss short and long term yields as well as real interest rates. Also a look at some of the largest mining company charts we are seeing these break to new lows for the year. This could all be the fall washout of the year for metals but that action of the stocks are a cause for concern.

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Featuring:
Jordan Roy-ByrneCory Fleck
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Comments:
  1. On December 6, 2017 at 3:58 pm,
    Tad says:

    🙁

  2. On December 6, 2017 at 3:59 pm,
    confused says:

    +1

  3. On December 6, 2017 at 4:18 pm,
    Bob Grierson says:

    Hi Cory

    It is interesting to compare the comments from Jordan with those of Rick Ackerman on the direction of the gold price. One is looking down and the other is looking up.

    Bob Grierson

    • On December 6, 2017 at 4:37 pm,
      CaliJay says:

      Bob,
      I think Jordan and Doc are in sync. Both are saying metals and miners would reach July low’s to cleanse out any remaining bullish sentiments. One can go to Stocktwits and read how bullish the crowd still is – I would like to see total gloom and doom before we call a bottom. Keeping my dry powder ready for that event! GL

  4. On December 6, 2017 at 4:39 pm,
    cmc says:

    This is painful. Ouch!

  5. On December 7, 2017 at 9:02 am,
    Matthew says:

    There is nothing scary about the gold chart right here and I doubt that it will turn scary. Of course, looking at the miners, most participants obviously disagree.

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=0&dy=0&id=p42172623973&a=561622602

  6. On December 7, 2017 at 9:23 am,
    Silverdollar says:

    About a month ago in early Nov. , Bob at 321gold suggested people listen to Gann Global who sponsored a series of podcasts on the HUI/metals complex. Those podcasts forecast exactly what is happening in today’s breakdown. I’m not surprised by the negative actions in the PM markets. Gann for-cast (not absolute but highly probable) it exactly as it’s happening. If you can find those videos, watch them……Also, this read is quite good on the same subject: http://news.goldseek.com/GoldSeek/1512656220.php

  7. On December 7, 2017 at 10:25 am,
    Matthew says:
  8. On December 7, 2017 at 10:43 am,
    Matthew says:

    Let’s see if $GDM/GDX can finish the week above the 200 week MA:

    http://stockcharts.com/h-sc/ui?s=%24GDM&p=W&yr=3&mn=6&dy=9&id=p32736082983&a=561700128

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