Jordan Roy-Byrne - Techncial Commentary – Thu 8 Feb, 2018

Is The Gold To US Equity Ratio Finally Turning In Gold’s favor

After the recent big couple days down in the US markets there is a possibility that the gold to US stocks ratio is turning. Jordan Roy-Byrne and I look at both gold and US stocks and the drivers for each throughout this year. For a long-term investor if this ratio was to revert in favor of gold this would be a crucial turning point.

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Jordan Roy-ByrneCory Fleck
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Comments:
  1. On February 8, 2018 at 8:03 am,
    spanky says:

    SLV 5 week RSI never hit overbought this intermediate cycle (IC). Every other IC since at least 2014 hit overbought before topping (i.e., even during the bear market!).

    Obviously if the IC has topped, that would make this the weakest IC for SLV in years. At least based on history, this would strongly suggest the IC top is ahead of us. Is this time different?

    http://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=5&mn=0&dy=0&id=p31893446854&a=576507716&listNum=1

    • On February 8, 2018 at 9:51 am,
      Cory says:

      Interesting observation spanky. I will keep that in mind as we fight through this pullback. Silver has been very disappointing in my eyes for over a year now.

  2. On February 8, 2018 at 8:55 am,
    Silverdollar says:

    Jordan………….as honest as ever with no outlandish promises. Thanks Cory for the earlier than normal postings today and not contaminating the page yet with politics!

    • On February 8, 2018 at 9:52 am,
      Cory says:

      You’re welcome SD! Al is in charge of the politics postings so if you are not a fan just click on the market ones ๐Ÿ˜‰

      I too enjoy Jordan and his straight forward comments.

    • On February 8, 2018 at 4:39 pm,
      Excelsior says:

      +1

  3. On February 8, 2018 at 9:05 am,
    spanky says:

    SIL:SLV ratio met its downside target and negated the black candle from November 20. It could obviously go even lower, but my guess would be that we bounce soon before putting in a lower low in the next week or two.

    Also, I think the Ichimoku cloud is going to offer serious resistance if price even manages to get back up that high. No blast higher until late March at the earliest IMO, and likely after the FOMC (on the 21st?). Pretty much every FOMC that they have raised rates at has seen the metals sell off hard going into the meeting. Maybe this time is different?

    http://stockcharts.com/h-sc/ui?s=SIL%3ASLV&p=D&b=5&g=0&id=p57606729053&a=576516939&listNum=1

    • On February 8, 2018 at 9:24 am,
      spanky says:

      Don’t get me wrong. I would love nothing more than for silver and miners to shock the world and rocket higher here a la 2016.

      • On February 8, 2018 at 9:56 am,
        CFS says:

        Spanky, be patient, precious metals are about to slowly take off.

  4. On February 8, 2018 at 9:55 am,
    CFS says:

    Ira Epstein reminds me of why I moved to the land of fruits and nuts in his morning TA:
    https://youtu.be/s3XDcyNgIn8?t=31

  5. On February 8, 2018 at 10:40 am,
    spanky says:

    SLV very weak black candle today. Not really indicative of a cycle low, and if it does mark a low it will almost certainly be taken out at the next cycle low.

    http://stockcharts.com/h-sc/ui?s=SLV&p=D&b=5&g=0&id=p37086390755&a=576534009&listNum=1

    • On February 8, 2018 at 11:26 am,
      spanky says:

      Of course we are hovering right around unchanged now. This could very well mark the daily cycle low for GLD if we can get a swing low tomorrow or the next few days (and not make a lower low than today).

  6. On February 8, 2018 at 11:01 am,
    BobUK says:

    Good article here from Paul Tudor Jones warning about a stock market bubble – FROM 2014!!!!!!!!!!

    http://www.businessinsider.com/paul-tudor-jones-used-a-quote-from-shakespeare-to-sound-the-alarm-on-a-financial-bubble-2018-2/?IR=T

  7. On February 8, 2018 at 12:14 pm,
    CFS says:

    Meanwhile in the land of fruits and nuts. (Talking about politicians)

    SACRAMENTO, Calif. (AP) โ€” California commissions that oversee coastal lands and water pushed the Trump administration to leave the state out of plans to expand offshore drilling, warning the state would block the construction of pipelines to get oil back to land.

    The agencies weighed in ahead of a public meeting Thursday in Sacramento, the only opportunity for people to register their opinions to the U.S. Bureau of Ocean Energy Management in person in California.

    Fishermen, environmentalists and other critics planned to protest outside the state Capitol before marching to the meeting at a nearby library.

    Interior Secretary Ryan Zinke wants to open nearly all U.S. coastlines to offshore oil and gas drilling. The ocean energy bureau has proposed six sales of drilling rights off the California coast and a seventh off Oregon and Washington between 2020 and 2023.

    California’s State Lands Commission said in a letter Wednesday the state will resist the plan.

    “Given how unpopular oil development in coastal waters is in California, it is certain that the state would not approve new pipelines or allow use of existing pipelines to transport oil from new leases onshore,” wrote the three commission members โ€” Lt. Gov. Gavin Newsom, State Controller Better Yee and Director of Finance Michael Cohen.

  8. On February 8, 2018 at 1:35 pm,
    spanky says:

    SM and silver miners tanking together. The metal itself look like it is about to fall apart on the weekly chart. Next week should be a hoot.

    • On February 8, 2018 at 1:39 pm,
      spanky says:

      2008 all over again maybe? Gotta love the miners. None of the upside with the SM, but ever single bit of the downside during crashes.

  9. On February 8, 2018 at 2:23 pm,
    spanky says:
  10. On February 8, 2018 at 3:27 pm,
    Markedtofuture says:

    DEG.AX De Grey Mining Limited Trading Halt

    https://www.asx.com.au/asxpdf/20180209/pdf/43rg69kdxtv6rz.pdf

  11. On February 8, 2018 at 3:44 pm,
    bonzo barzini says:

    What’s up with De Grey? I just bought my shares on Mon. Are they filing chapter 11?

  12. On February 8, 2018 at 3:48 pm,
    Mickey Mantle says:
    • On February 8, 2018 at 4:40 pm,
      Excelsior says:

      Good ANX post Mickey Mantle. Thanks.

      • On February 8, 2018 at 7:12 pm,
        Mickey Mantle says:

        Red Cloud did a very comprehensive job ๐Ÿ™‚

  13. On February 8, 2018 at 3:50 pm,
    Mickey Mantle says:

    Always look forward to you having Jordan on solid analysis no BS

  14. On February 8, 2018 at 9:28 pm,
    Bill says:

    Its tough being called on your crap but I called it….Schiff man = Bob Moriarty.
    QUOTE a number of years ago….
    “I want nothing to do with the stock market” Funny listen to the whole thing….All those IDIOTS been wrong for every but people still listen to them…….
    http://www.avaresearch.com/articles/crooks-liars-idiots/some-fireworks-for-the-new-year-and-a-reminder-about-the-past

  15. On February 8, 2018 at 9:38 pm,
    Bill says:

    For Bobbo the crypto trasher. Keep pushing gold you con man.
    Gold blew up…yup and the stocks waaaay worse!!….I know many that made mega $ on cryptos…..20x any gold bull market…ever…..so what the hell is the difference?
    But he say Gold was in a correction lol…..you mean it was a full blown BEAR Market!!???
    Silver is crap…copper has held out way better…..the diff is investing FOOLs pumped up silver to stupid…..NONE of my for fathers needed any of it….
    Folks know your limits stay with in it….broken fricken records these guys are.
    http://www.avaresearch.com/articles/crooks-liars-idiots/the-cryptocurrency-scam-is-being-run-by-the-jewish-mafia

    • On February 9, 2018 at 7:13 am,
      OOTB Jerry says:

      Thanks Bill for the Post……good article on the JEWISH MAFIA…..I posted some of the excerpts From AVA……He does make a lot of sense. I can see why , I think, you like the guys calls….Appreciate……………OOTB

  16. On February 9, 2018 at 1:18 am,
    Bill says:

    Ill reiterate…NOTHING wrong with investing in gold….
    Just so many fools in the space. Bob Hoye, Armstrong, Buffet will tell you that…
    As it went up the CON MEN came out of the wood work. BOB IS ONE OF THEM…
    Read back 15 years ago….”You will need PM coins to buy BREAD” lol