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

Cory
November 18, 2020

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.

Discussion
10 Comments
    Nov 18, 2020 18:38 PM

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

    Nov 18, 2020 18:28 PM

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

      Nov 18, 2020 18:33 PM

      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.

    Nov 18, 2020 18:37 PM

    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

      Nov 18, 2020 18:05 PM

      We’re obviously testing the lows

        Nov 19, 2020 19:25 AM

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

    b
    Nov 18, 2020 18:07 PM

    Wagner death cross says $1845.

    Nov 19, 2020 19:50 AM

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

    Nov 19, 2020 19:30 AM

    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.

    Nov 19, 2020 19:15 AM

    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.