Jordan Roy-Byrne - Techncial Commentary – Wed 5 Jun, 2019

Gold Stocks Predicting a Fed Rate Cut In July

Following up on my last call with Jordan Roy-Byrne, Founder of The Daily Gold we discussed how gold stocks start moving 1-2 months before the first Fed rate cut happens. This recent bounce in the larger gold stocks especially are another market warning of an upcoming Fed rate cut.

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Comments:
  1. On June 6, 2019 at 7:19 am,
    Silverdollar says:
    • On June 6, 2019 at 10:22 am,
      Cory댊 says:

      Hey SD, I have reached out to Dan. Hopefully we can set something up for next week! It has been a while so thanks for the comment.

  2. On June 6, 2019 at 8:29 am,
    Matthew says:

    Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce that it has kicked off the exploration program at its Thorn project located in Northwest British Columbia
    http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190606:nGNXbffbc

  3. On June 6, 2019 at 8:30 am,
    Matthew says:

    Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN) is pleased to announce the commencement of drilling at its 100% owned Goldwedge property located in Manhattan Nevada
    http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190606:nGNX66ZpvN

    • On June 6, 2019 at 9:44 am,
      OOTB Jerry says:

      Interesting……..What do you think about this…….good or bad or neutral ….thanks
      Grant of Stock Options

      The Company announces the granting of stock options (the “Options”) to certain directors, officers, and employees of the Company to purchase an aggregate of 2,500,000 common shares (the “Optioned Shares”) of the Company at an exercise price of $0.10 per Optioned Share, expiring on the date that is 5 years from the date of grant. The Options were issued pursuant to the terms of the Company’s stock option plan.

      • On June 6, 2019 at 9:59 am,
        Matthew says:

        It would have been better if they were way “out of the money” but I’m ok with it. I’ve seen far worse.

        • On June 6, 2019 at 10:01 am,
          OOTB Jerry says:

          Thanks…..for the reply…..ootbank J

  4. On June 6, 2019 at 8:44 am,
    Ebolan says:

    Very interesting discussion on the oil numbers and how inaccurate they have become…anyone here ever work with the oil numbers (inventory, production, etc.)?

    Got a laugh when they said they work off template spreadsheets…if they can’t get the numbers in on time just clone the last one!

    https://www.macrovoices.com/111-macro-voices-energy-week/587-energy-week-episode-5-sentiment-sea-change-iran-venezuela-saudi-arabia

    • On June 6, 2019 at 9:17 am,
      OOTB Jerry says:

      SCAM………everything has become a scam…..Oil is the biggest scam of them all…
      Should have been oil independent in the 70’s….or before….even Ford invented (1909?)an engine that operated on something besides oil(gas)…

      • On June 6, 2019 at 9:19 am,
        OOTB Jerry says:

        Public sheeple are so stupid ……like taking about a fraud fed all the time….

  5. On June 6, 2019 at 9:16 am,
    Matthew says:

    Here’s an interesting chart of gold versus the monetary base. It looks like gold might soon retrace its 2013 collapse.
    https://hubertmoolman.files.wordpress.com/2019/06/gold-mon-base-short-term.png?w=700

      • On June 6, 2019 at 9:52 am,
        OOTB Jerry says:

        interesting………from the article…..
        This was confirmed later by Roosevelt when he justified Gold Reserve Act 1934 by saying that, “Since there was not enough gold to pay all holders of gold obligations, .
        NOTICE THE WORD NOT ENOUGH to pay the HOLDERS….and just who would that be…???

        • On June 6, 2019 at 9:55 am,
          OOTB Jerry says:

          It really should be clear that a major international banking crisis is inevitable, and likely to occur fairly soon. Due to the extreme debt levels, many banks are close to that point of failure.

          An event like a stock market crash is likely to push many banks to that point of failure, since the pressure it would create (on cash resources), would expose their inability to fulfill their obligations.

          Cash (not bank credits/digits) is still the means by which banks have to settle liabilities and obligations (especially amongst each other). If a bank goes down, it will be due to the lack of cash (not bank credits/digits). It is for this reason that there is a campaign to ban cash (for the general public) or limit the use of it.

          The banks are in competition for the available cash resources, and they do not want you to be an obstacle. This is similar to what happened during the Great Depression (1933) when gold was confiscated. Then, banks proved their solvency with gold; therefore, the general public was prevented from competing for the limited amount of gold resources.

        • On June 6, 2019 at 9:56 am,
          Matthew says:

          The damn sheeple were too stupid to revolt as they should have. Of course, idiots everywhere believe to this day that he was a great president.

          • On June 6, 2019 at 10:03 am,
            OOTB Jerry says:

            They like their dimes……worth…. lol

  6. On June 6, 2019 at 10:16 am,
    Matthew says:

    It would be great if the miners could keep up this strength into next week. That way, when the deep pullback comes, today’s level could be the floor. Keeping dumb money out as long as possible is the key to a healthy bull market.
    https://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=2&dy=0&id=p28829384815&a=577249153