Jordan Roy-Byrne - Technical Commentary on the Metals – Wed 24 Jun, 2020

Gold’s breakout but watch the stocks and ETFs for confirmation

Jordan Roy-Byrne joins me to discuss the breakout in gold over the past day. Yesterday was a key close and today in early hours trading gold moved up to $1,796 on the future market. It has turned around since but there is no doubt the uptrend continues.

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Comments:
  1. On June 24, 2020 at 6:55 pm,
    Chartster says:

    Good comments from Jordan.
    I’m surprised that no one in the technical analysis arena is talking about all these double tops, on just about every PM asset or ETF. It certainly would / should give one pause.

    My favorite junior gold stock right now is JDST. The spread between the 100 and the 50 tells me, it’s about to go up. Not good for the bulls. But, it is what it is.

    • On June 24, 2020 at 8:10 pm,
      glenfidish says:

      Jordan,

      You raise some valid points but only reassure me that the wall of worry is doing its thing.. Ive been on record here day in day out and i will say it again. Gold will break the $1800 level by Friday! and once that is done the wave of big money will come in and you are going to see a continuation of those bottoms from march 16.

      The weekly will end above $1800 and the monthly should not print higher then $1823 imo. Lets see if i nail this.

      Chartser what you are contemplating and inferring will have to be post pone.

      hope this helps..Dont let them buck you.

      Glen

  2. On June 24, 2020 at 7:59 pm,
    markedtofuture says:

    I saw this in a gas station the other day.

    https://twitter.com/Shamie74/status/1275960254648508417

  3. On June 24, 2020 at 8:00 pm,
    markedtofuture says:

    Gold is the standard, but silver linings are pretty great too #NeverSettle #TrumpLasVegas

    https://twitter.com/TrumpLasVegas/status/1275883895901179904