Jordan Roy-Byrne - Technical Commentary on the Metals – Wed 18 Nov, 2020

As weakness continues to creep into gold stocks, the US Dollar and bonds are also moving down

Jordan Roy-Byrne, Founder of The Daily Gold joins me to first focus on the continued downtrend in precious metals stocks. As close as this correction could be to being over this week is reminding us that the stocks have yet to bottom. We also compare the weakness in the US dollar and bond market to the metals and overall mentality of investors.

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

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Comments:
  1. On November 18, 2020 at 3:38 pm,
    Paul says:

    Jordan will the next run up in gdx break the August highs?

  2. On November 18, 2020 at 4:28 pm,
    Matthew says:

    GDX reached an interesting Anchored VWAP today:
    http://schrts.co/tXsJTNzN

    • On November 18, 2020 at 4:33 pm,
      Matthew says:

      Larry, you should like this Anchored VWAP based on the March low since it is near your 34 target:
      http://schrts.co/PzyFSAaa

      As you can see, the first one was based on the March 24 breakout.

  3. On November 18, 2020 at 4:37 pm,
    Matthew says:

    SILJ is at a support that seems unlikely to hold so 13.20 is probably next:
    https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=0&mn=5&dy=0&id=p54148404768&a=842092075

    • On November 18, 2020 at 9:05 pm,
      buzz says:

      We’re obviously testing the lows

      • On November 19, 2020 at 12:25 am,
        Matthew says:

        If you mean the September low of 12.79, I doubt it. Of course it’s possible.

  4. On November 18, 2020 at 5:07 pm,
    b says:

    Wagner death cross says $1845.

  5. On November 19, 2020 at 5:50 am,
    David says:

    Remember when bad employment #s were good for gold. Looks like they fixed that.

  6. On November 19, 2020 at 7:30 am,
    David says:

    Finally decided to get some Bluestone (BBSRF) today. They have been having good drill results but were in Guatamala. I decided to take a chance but if the government continues to starve people, then may have to rethink. It is up a little bit on another bad day. Can’t let bad days mess us up…yet.

  7. On November 19, 2020 at 9:15 am,
    David says:

    Sentinel Resources (SNLRF) had some interesting “sample” results. It also has pretty low outstanding shares. It has picked up properties in BC, Peru and Australia. Todays drill results was in BC in their Waterloo property and had some interesting grades in both gold/silver like many BC properties. About .37 cents US. FWIW.

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