Look to the smaller gold stocks as a barometer of optimism and speculation in the sector
Jordan Roy-Byrne joins me today to first recap the recent monthly and quarterly close for the precious metals. Gold just had the second highest monthly close in history and the highest quarterly close of all time.
On the gold equities side, stocks are still a long was from their highs of almost a decade ago. So there is a big disconnect there. However the juniors, and a lot of the lower quality/marginal plays started moving higher last week. This is very telling when it comes to investors outlook for the stocks.
Jordan……finally, has some great comments……..jmo
Humm, let’s see, Jordan is positive ….so, that might mean a correction is at hand,….according to contrarian indicator…. 🙂
Just a long holiday week………and the London boyz, can and will do everything to hold back the numbers……as long as they can, the printing press is in full steam ahead, and that is not going to change.
Same game plan……..hold on because we are going a lot higher…..
Jerry lol,
You beat me to it. I clearly remember podcast when he was saying it’s not looking good.. I think I add a huge trench on that same day. Could have been June 5 th I went in heavy on bull etf and almost nailed it at 20.80 matt is my witness lol..
Yes beware.
For what it’s worth here is my daily update!
We are going higher today and tomorrow I’m majority of miners with large white candles.. next week will provide 4-5 day correction before we move to much higher prices. Gary last night made a video which he seemed worried and somewhat reluctant but playing it safe. Got to hand it to Gary he has been pleasant listening to in regard to his cycles. For me a very good tool to have.
He mentioned last week something some of us in here already know. Once gold breaks that $1800 the bulls are going to have a lot of fun.. I think real fun is two weeks away maybe less.
Nevertheless huge gains today and tomorrow.
$1820-$1840 next then assess
Well said,……Glenfidish…..
You always have some great insight………..thanks for the follow up.
Thanks Jerry!
Appreciate your thoughts as well. You got a really good cup and handle on things in here lol.. 😃🎻🍾..
Waiting for Mat to come in and bounce around those golden charts.
Forever up!
Glen
Glen…..yes, Matt, makes a good impact….
Ok,….ever upward….
🙂
Not good for Hilly, Billy, and crew….
https://www.zerohedge.com/political/ghislane-maxwell-arrested-new-hampshire
IF SHE CAN STAY ALIVE……..
Dollar to gold ration ……..$30,380 per oz…..
furnished by the USDEBT Clock…..
ration….to ratio…..
Just wanted to add that Monday could put in a top and then correction lasting few days. So strong today, tomorrow possibly into Monday too or tomorrow top.
thanks again….like you said , “beware.”…
Glenfidish, what do you anticipate the correction dropping us to? Are you thinking we get back to $1750 or 1780 before it turns up again, or are you thinking it doesn’t drop below 1800?
NO GOLD FOR YOU…..Vinny…….That’s because we do not have it….. 🙂
https://www.cnn.com/2020/07/02/business/venezuela-bank-of-england-gold-ruling/index.html
WAR IS OVER……if you want it………..John and Yoko!