Jordan Roy-Byrne - Technical Commentary on the Metals – Wed 16 Dec, 2020

Ignore the Fed and Political news and focus on these factors to foretell moves in the precious metals

Jordan Roy-Byrne joins me to share his thoughts on using the Fed and news events to dictate your investments in precious metals. We also discuss the cross currents that are truly the drivers for gold and gold stocks.

Click here to visit Jordan’s site and keep up to date on his outlook for the metals.

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Comments:
  1. On December 16, 2020 at 12:44 pm,
    Nigel says:

    How can the market be a discounting mechanism when prices are not driven by fundamentals anymore but by unlimited government intervention ?

  2. On December 16, 2020 at 1:01 pm,
    b says:

    On my screen, lion 1,brixton,novo,o3,irving are all down.
    ipt and mandalay are up and santa cruz, which I dont own are all up.

    Novo I can sorta understand as china is putting a kibosh on australian resources, otherwise, is it producers increasing?

    • On December 16, 2020 at 1:37 pm,
      David says:

      Tomorrow. They alternate days. That will probably end when the Senate passes a stimulus.

    • On December 16, 2020 at 2:42 pm,
      Terry Huebert says:

      China is not the problem, Novo is the problem. Get out of it, try something else like MZZ, STN.

      • On December 16, 2020 at 8:39 pm,
        Mike in Albuquerque says:

        Kirkland is dumping all of its holdings in Novo to raise cash for other actions so naturally the price is depressed. Personally I may buy more now.

        China has nothing to do with it –

        • On December 16, 2020 at 10:24 pm,
          Matthew says:

          I’ve never owned Novo but it looks very tempting right now. It is sitting on a Schiff pitchfork support with positive divergences and has modified Schiff fork support around its April 8th close of 1.88 (a move to 1.88 would fill a little gap that most wouldn’t recognize as a gap because they don’t measure them from the close)…
          https://stockcharts.com/h-sc/ui?s=NVO.V&p=D&yr=1&mn=3&dy=0&id=p04340053480&a=857382120

    • On December 16, 2020 at 3:25 pm,
      Dan, calgary says:

      I agree, I took a bit of profits but will be back in right away on Santa Cruz and have accumulated Brixton. I’ll be rotating out of gold and more into silver stuff too but Brixton is trying to cash in on the copper play.

      http://brixtonmetals.com/brixton-metals-significantly-increases-the-number-of-cu-au-targets-at-its-thorn-project-81-rock-samples-return-over-1-g-t-au-and-68-rock-samples-return-over-1-cu/

      • On December 16, 2020 at 5:54 pm,
        Terry Huebert says:

        Yamaha(YRI) has a lot of silver credits so that’s one way to get silver into the mix. Personally, I don’t care for the silver miners. Also I trade options on SLV rather than own those scruffy silver miners.

  3. On December 16, 2020 at 1:32 pm,
    chris says:

    Very nice volume on PAAS, AG & HL on this up day.

  4. On December 16, 2020 at 2:05 pm,
    Dick Tracy says:

    Santa Clause Mining, I mean Santa Cruz is up 21%, TSX.V SCZ! LOL! DT

  5. On December 16, 2020 at 3:13 pm,
    Dick Tracy says:

    Silver is leading gold, soon the silver to gold ratio will be sixty to one and that implies a near term value of more than $30 an ounce. In this environment you should think long term but be prepared to trade short term. That implies moving in and out of certain selective stocks but keeping others that have the right stuff. YEAH, BABY! DT

    • On December 16, 2020 at 3:27 pm,
      Dan, calgary says:

      My ‘agree’ above was for your comment here about the Au/Ag ratio.

  6. On December 16, 2020 at 8:24 pm,
    aghead says:

    Abraplata finally broke July’s high. Aftermath screaming also.

  7. On December 16, 2020 at 10:30 pm,
    Ozibatla says:

    The US $ just gave up the 90 handle, at least momentarily. Will be interested to see what happens here for the rest of the week

  8. On December 16, 2020 at 11:21 pm,
    Matthew says:

    GDX looks good and has once again taken back its 200 day MAs…
    https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=0&dy=0&id=p47537422035&a=736819371

  9. On December 16, 2020 at 11:24 pm,
    Matthew says:

    Important fork support held and FNV looks ready to move up…
    https://stockcharts.com/h-sc/ui?s=FNV&p=W&yr=5&mn=6&dy=0&id=p21428217704&a=739324969

  10. On December 16, 2020 at 11:33 pm,
    Matthew says:

    Looks like a major low for GDX vs DIA:
    https://stockcharts.com/h-sc/ui?s=GDX%3ADIA&p=W&yr=5&mn=3&dy=0&id=p96739126543&a=725999919

  11. On December 16, 2020 at 11:35 pm,
    Ozibatla says:

    Cheers for all the chart links Matthew. Yeh if the dollar continues down into Fridays close, Im looking for the 87 region next week and then a bounce back above 90 from there.

    Regarding PMs, hopefully the miners can eek out some solid gains into years end and this will of course flow into the physical. So long as bitcoin doesnt take off and steal more investor interest.

  12. On December 17, 2020 at 3:05 am,
    BDC says:

    Gold: https://postimg.cc/yDXmTmmv
    Raised 27.2% Fibonacci Boundaries.
    Friday begins swing trade timing top.

    • On December 17, 2020 at 3:23 am,
      BDC says:

      (The timing model is based upon miners.)

  13. On December 17, 2020 at 6:59 am,
    Matthew says:

    Priced in real money, Hecla just made a new 3 year high.
    https://stockcharts.com/h-sc/ui?s=HL%3AGLD&p=D&yr=1&mn=5&dy=0&id=p64007546469&a=857421585