Minimize

Welcome!

Major Miners and Yields All Hurting The Metals

Cory
December 6, 2017

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.

Click here to visit Jordan’s site.

Click download link to listen on this device: Download Show

Discussion
13 Comments
    Tad
    Dec 06, 2017 06:58 PM

    🙁

    Dec 06, 2017 06:59 PM

    +1

    Dec 06, 2017 06:18 PM

    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

      Dec 06, 2017 06:37 PM

      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

    cmc
    Dec 06, 2017 06:39 PM

    This is painful. Ouch!

    Dec 07, 2017 07:02 AM

    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

    Dec 07, 2017 07:23 AM

    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

    Dec 07, 2017 07:25 AM
    Dec 07, 2017 07:43 AM

    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