Jordan Roy-Byrne - Techncial Commentary – Thu 16 Aug, 2018

Is Gold Now Finally Due For A Bounce

Jordan Roy-Byrne and I discuss the recent gold and GDX action that sliced through some key resistance levels. Jordan had a short on the mining stocks but has since closed out that position and is not waiting for that bounce to come.

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Featuring:
Jordan Roy-ByrneCory Fleck
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Comments:
  1. On August 16, 2018 at 7:15 am,
    Tom says:

    long ECYT

  2. On August 16, 2018 at 10:48 am,
    Bill says:

    I warned nearly 4 years ago about being long gold / stocks.
    I went long DOW and real-estate (made millions) and fought with blinded gold bug Moriarty.
    A waist of years and BS. Read Armstrong what he says about gold bug fools. Hes got it EXACTLY right.
    ZJG.TO smashed
    https://stockcharts.com/def/servlet/Favorites.CServlet?obj=1222943,1&cmd=show%5Bs545242241%5D&disp=E

    • On August 16, 2018 at 11:05 am,
      Bonzo Barzini says:

      If you had listened to Moriarity and bought NSRPF@ 50 cents your portfolio would have done even better.

      • On August 16, 2018 at 11:47 am,
        Bill says:

        I’m not a big gambler but an investor. I did buy a ton of that though and happy to make a nice profit. BUT all the people I know should NOT invest in this stuff.
        Its just dangerous as hell.
        I threw all of that gambling money over the years at my mortgages. My kid will be very well off….I love RE…lots cash flow. Every time I go to the lumber yard stuffs gone up and then so has the build cost of my RE. That just easy sleep money.
        Where can you put down 2 mill have a mortgage paid down while making 7.5% AND 2 yrs later your boxes are worth 5mil? Luck!

      • On August 16, 2018 at 12:21 pm,
        Bill says:

        Bonzo
        Everyone has a winner story and those are dangerous as hell cause they all had losers too. Bobs had a ton.
        Bob also said we are in a bull market like 4-5 years ago. NOOOOOOPE!

  3. On August 16, 2018 at 11:36 am,
    CFS says:
  4. On August 16, 2018 at 5:42 pm,
    Buzz says:

    I suppose JP Morgan is going to be puking up its silver before this is all said and done??