Jordan Roy-Byrne - Techncial Commentary – Thu 3 Jan, 2019

A Better Outlook For PMs Heading Into 2019 – Segment now uploaded

Jordan Roy-Byrne, Founder of The Daily Gold looks into the precious metals sector in terms of gold and silver prices as well as the stock ETFs. Things are looking much better for the precious metals complex heading into 2019 but it’s not a clear cut bull market just yet. There are some key other markets to watch that could further push for the move into PMs.

Click download link to listen on this device: Download Show

Click here to visit Jordan’s site – The Daily Gold.

Jordan Roy-ByrneCory Fleck
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  1. On January 2, 2019 at 2:20 pm,
    john says:

    there is no link to this interview

    • On January 3, 2019 at 8:58 pm,
      Excelsior says:

      It is the link that says “download show”.

  2. On January 3, 2019 at 8:59 am,
    spanky says:

    GDX is getting close to tagging its declining 300 WMA for the first time in 6 years. Another 30-40 cents and it’s there.

    The declining 300 WMA and flat 200 WMA are about 80 cents away from each other. The 300 WMA should cross below the 200 WMA in April, FWIW.

  3. On January 3, 2019 at 9:02 am,
    CFS says:
  4. On January 3, 2019 at 9:24 am,
    spanky says:

    In order to nullify the outside day down on the 26th, GDX needs to get above that day’s high of 21.40. So far today it’s high is 21.39.

    • On January 3, 2019 at 10:00 am,
      spanky says:

      ok, GDX made a new high above 21.40.

  5. On January 3, 2019 at 9:43 am,
    Bonzo Barzini says:

    Now that tax selling is over it looks like the NGD train is leaving the station and is headed to the Emerald City, but will NSRPF get there first?

    • On January 3, 2019 at 10:06 am,
      RICHARD/DOC says:

      BB, NGD is huffing and puffing right now but I don’t know if all the passengers are on board yet. In spite of that, I added to my position yesterday.

    • On January 3, 2019 at 10:15 am,
      RICHARD/DOC says:

      BB, not investment advice but is also “huffing and puffing” and wants to break out on its’ weekly chart.

      • On January 3, 2019 at 10:20 am,
        Bonzo Barzini says:

        Let’s see if can break over its neckline@.26

        • On January 3, 2019 at 10:58 am,
          Matthew says:

          Jag finally looks ready to undo that August plunge:

          • On January 3, 2019 at 11:02 am,
            Matthew says:
          • On January 3, 2019 at 8:22 pm,
            Excelsior says:

            Looking forward to seeing JAG get on it’s bike and ride in 2019.

          • On January 3, 2019 at 8:25 pm,
            Excelsior says:

            JAG was one of my 3 company selections for the 2019 stock picking contest.

            I expect it to have nice leverage to rising metals prices, they’ve done great work the last 2 years in putting money & work into optimizing their mines, have been nailing it on exploration work, and have the other mining complex on standby as an upside optionality kicker.

            Ever Upward!

          • On January 3, 2019 at 8:50 pm,
            Dan, calgary says:

            I’m on board the jag train too.

    • On January 4, 2019 at 12:46 am,
      Excelsior says:

      (USAS) (USA) Americas Silver Provides Updates on the Pershing Gold Transaction and the San Felipe Property Option

      by @businesswire on January 2, 2019

      “Both ISS and Glass Lewis support the Transaction,” said Darren Blasutti, President and Chief Executive Officer of Americas Silver. “These independent recommendations further support our belief that the Transaction is in the best interests of our collective shareholders.”

      > San Felipe Property Update

      “The Company has agreed to terms with Minera Hochschild Mexico S.A. de C.V. to extend the timing of payments under its option agreement on the San Felipe silver‐zinc‐lead project”

  6. On January 3, 2019 at 1:42 pm,
    Marty says:

    Sold 4.3 K -SILV $2.97

  7. On January 3, 2019 at 5:23 pm,
    OOTB Jerry says:

    Gold going for $1307…..maybe………not far from it…….

    • On January 3, 2019 at 5:40 pm,
      Matthew says:

      I think you’re exactly right, Jerry. 1307-1308 will probably cause it at least a little trouble, but not for long…

      • On January 3, 2019 at 5:53 pm,
        OOTB Jerry says:

        That has been a battle zone for the last few yrs…..or at least it seem years…..
        Hoping this year it sticks……and goes higher……..

        • On January 3, 2019 at 5:55 pm,
          OOTB Jerry says:

          I am getting sick of talking politics…….lol

  8. On January 3, 2019 at 7:05 pm,
    Matthew says:

    Weeks ago, I said it would be a big deal when gold takes back the 600 and 200/233 week MAs and it has been. Those who thought it was going to drop back to 1200 after weekly closes above those MAs didn’t know what they were looking at.
    The weekly chart looks so good that the overbought daily chart readings could persist for longer than most expect.

  9. On January 3, 2019 at 7:06 pm,
    Matthew says:

    Bob Hoye is obviously right, the miners are the place to be, not the metals.

    • On January 3, 2019 at 8:21 pm,
      Excelsior says:

      Agreed. The miners are starting to play catch up, and on any mild increases in the underlying metals, the miners of the metals, with improving economic margins, are set to move with more torque and will outperform.

  10. On January 3, 2019 at 8:54 pm,
    Excelsior says:

    Precious Metals Are Overbought….And That’s Not A Bad Thing
    by @Goldfinger on January 3, 2019

    “Gold and silver are on an impressive run higher since mid-November; gold is up around $100 an ounce (~8%) and silver is up nearly $2 (~13%). Silver is up 7 consecutive trading sessions and gold has risen in 10 of the last 12 trading sessions – the run has been strong enough that one could consider both precious metals to be ‘overbought’ using standard technical indicators such as RSI (at top of charts below) and MFI (at bottom of charts below)….”

  11. On January 3, 2019 at 9:41 pm,
    Excelsior says:

    Gold, Silver, & Oil: Riding The Big Waves

    Captainewave – Jan 3, 2019