Jordan Roy-Byrne - Technical Commentary on the Metals – Wed 6 Jan, 2021

Gold vs Silver and Gold Stocks vs Silver Stocks

It’s been a volatile start to the year for lots of markets, precious metals included. Jordan Roy-Byrne, Founder of The Daily Gold joins me to break down the price action of gold, silver, gold stocks, and silver stocks and how they compare to each other.

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

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Comments:
  1. On January 6, 2021 at 10:57 am,
    bonzo says:

    Once again I yielded to temptation and bought more NSRPF@1.92 today.
    I tried to buy NFGFF when it was at 3.18 this morning but my broker would not take my order on the automated system. 15 minutes later NFGFF was up to 3.50 so I bought NSRPF instead. O well, maybe NSRPF will be better.

    • On January 6, 2021 at 2:39 pm,
      Terry Huebert says:

      Very foolish buying Novo with so many higher quality PM companies out there. NSRPF down 4% today because you bought it.

      • On January 6, 2021 at 3:04 pm,
        Marty says:

        Seems like Quentin’s hand is running with his involvement with Crescat & and Travis Costs. And not so much his endeavors the last 2-3 years on his own. But I think Novo will” be a success in time

        • On January 6, 2021 at 3:05 pm,
          Marty says:

          Tavi Costa

          • On January 6, 2021 at 3:43 pm,
            Excelsior says:

            Agreed Marty. Those reviews that Quinton does with Tavi Costa and the Crescat crew have been pretty informative on how he views different deposit types, why they could be so massive, and what the unanswered questions are that they are trying to figure out through their exploration programs.

            I’m only positioned with a few companies that Q.H. is consulting – Lion One, Novo, and Precipitate Gold. He is also consulting Defiance Silver and that one has definitely been running higher lately, (so much so that I felt compelled to trim it back some over the last 2 weeks, even though I’m still very bullish on their project).

            Ever Upward!

      • On January 6, 2021 at 3:07 pm,
        bonzo says:

        NSRPF is not down because I bought it. I paid 1.92 and that’s where it closed, so maybe my purchase stopped the fall. Moriarity thinks Novo will be the biggest gold company in the world in 50 years.

        • On January 6, 2021 at 5:21 pm,
          b says:

          Doesnt do me much good, I will be out long before then.

          • On January 6, 2021 at 8:14 pm,
            Matthew says:

            If correct, I think it does you more good than you think. It would be no small feat if it were to become the biggest gold producer in 50 years. Today, at the bottom of a secular bear market, Newmont is valued at $52 billion or about 120 times Novo’s $442 market cap. So, if Novo went up 20 times in the next 5 years while Newmont went up 3 times, Novo would still be worth just a little over 5% of Newmont yet you’d be pretty happy. That scenario is not too far-out even if Novo is destined to achieve just a portion of Bob’s predicted success.

  2. On January 6, 2021 at 12:26 pm,
    OOTB Jerry says:

    Gold headed back up…….with the storming of the Capital……

  3. On January 6, 2021 at 12:40 pm,
    cfs says:

    Fosterville South just started drilling yesterday, so I bought a few thousand shares today.

    I consider they are in a highly prospective area, but that’s just a non-expert opinion.

  4. On January 6, 2021 at 12:41 pm,
    cfs says:

    Crowd is now thinning at the capitol building.

  5. On January 6, 2021 at 12:46 pm,
    Thomas says:
  6. On January 6, 2021 at 12:48 pm,
    OOTB Jerry says:

    Yep…….reported that one earlier over in the other sections…..
    We have a lively session……in the POLITICAL, hide away…..lol

    • On January 6, 2021 at 12:49 pm,
      OOTB Jerry says:

      Come join us…..for some real debate…. 🙂

  7. On January 6, 2021 at 1:36 pm,
    David says:

    PMs should be rocketing higher.

    • On January 6, 2021 at 1:41 pm,
      OOTB Jerry says:

      Should be….but all the patriots are on the square……..not at the coin shop… 🙂

  8. On January 6, 2021 at 2:10 pm,
    OOTB Jerry says:

    BIGGEST DAY in OUR HISTORY……and so many people are silent……really freaking sad.

    • On January 6, 2021 at 2:20 pm,
      OOTB Jerry says:

      REALLY FREAKING SAD…….I repeat….

      • On January 6, 2021 at 4:05 pm,
        Matthew says:

        Jerry, the creation of the Federal Reserve over 100 years ago was a much bigger deal and the masses were just as stupid then as they are now. And don’t forget the world wars the leftists got everyone into along with their assaults on natural rights.

        • On January 6, 2021 at 4:40 pm,
          OOTB Jerry says:

          Hello Matthew……I would agree, that the FAKE FED, recreated, several time in the last 200 years, called different things…..is a big deal….From Jackson forward the Crown has been doing the same crap….
          Today, was just a day to try and turn around the last effort…..maybe of personal freedom going bye bye.
          I think the one’s who are aware of what is happening, are responsible to enlighten the stupid.
          We have a group of pretend politicians who have created a cabal , and enriching themselves , the do not represent the WE THE PEOPLE, ….
          The system is most likely gone over the hill,…but, that does not mean we should or will accept ….OUR GOD GIVEN RIGHT……I know that sound stupid to most who do not believe in GOD, …so be it. Funny how we can come to the NEW WORLD, for religious freedom, and in less than four hundred years,….going back into captivity…..

          • On January 6, 2021 at 4:42 pm,
            OOTB Jerry says:

            Some where in this rant…..should be Our GOD GIVEN RIGHT taken away….

          • On January 6, 2021 at 4:48 pm,
            OOTB Jerry says:

            Nothing I have said, should be taken as offensive……I do like all your thoughts…Matthew…

          • On January 6, 2021 at 5:14 pm,
            OOTB Jerry says:
          • On January 6, 2021 at 5:49 pm,
            Matthew says:

            You’re not offensive at all, Jerry. I agree with the spirit of your comment 100%. We’re doomed to repeat history because we’re so badly outnumbered by dumbshits.

          • On January 6, 2021 at 6:39 pm,
            OOTB Jerry says:

            Thanks Matthew for the reply….Been a long day…..

  9. On January 6, 2021 at 2:15 pm,
    cfs says:

    Trump Calls Beijing Biden’s Illegal Vote Dumps ‘Explosions of Bullsh*t’; Massive Crowd Chants ‘Bullsh*t’ in Unison

  10. On January 6, 2021 at 3:33 pm,
    Dick Tracy says:

    Trump thought that he could make a difference in World Politics. Anybody who thinks that is a fool. He fell into the pit that most people fail to see, his ideal of life was a distortion of fact. He pictured the world not as it was, but as he wished it to be. Human beings are too selfish to care about the welfare of humanity. He thought he could make a change but his thinking is broken and so is the thinking of mankind. We as a species are a failed experiment doomed to end up in the ash heap of history like the dinosaurs. Our species cannot cope anymore with the technological change we have implemented. DT

    • On January 6, 2021 at 3:39 pm,
      Dick Tracy says:

      Ask Musk about how much he paid in taxes last year, he doesn’t care about his species, he only considers himself. LOL! DT

    • On January 6, 2021 at 4:59 pm,
      Ozibatla says:

      Well said DT. I agree!

    • On January 6, 2021 at 8:12 pm,
      buzz says:

      So, rapture out…

  11. On January 6, 2021 at 4:31 pm,
    blazesb says:

    Big Al. Kindly quarantine the politicos to the politics board.

    • On January 6, 2021 at 4:47 pm,
      OOTB Jerry says:

      Yes, let’s all go back and cower down…..and let the golden nuggets fall…
      If, they would keep up on the other board, we would not be overflowing here… 🙂

      • On January 6, 2021 at 4:55 pm,
        blazesb says:

        Jerry, my bad. As a proponent of ‘Jerry exceptionalism’ I should have said all political commentary to the politics board excepting yours.

        Tough luck today. I thought scraping up 39 patriots to switch 39 electoral college votes would be a piece of cake.

        They don’t bake em like they used to.

        • On January 6, 2021 at 5:00 pm,
          OOTB Jerry says:

          No I am no exception……I think everything is ok, and I certainly do not have a problem with you blazesb…….glad you are here……

          • On January 6, 2021 at 5:02 pm,
            OOTB Jerry says:

            I am just totally pissed , today, was everything I thought it would be….the uncovering of the scum in the most corrupt country in the world….bar note…

          • On January 6, 2021 at 5:03 pm,
            OOTB Jerry says:

            that should be bar none……speaking of BARR….low life on the ladder of life….

      • On January 6, 2021 at 7:49 pm,
        Glenfidish says:

        Lol good one jerry…I was trying to see if there was a political board but I don’t see one maybe my eyes need to get checked to much looking at charts..

        Anyhoo this world ******! Unfortunately

        • On January 6, 2021 at 8:51 pm,
          OOTB Jerry says:

          GLENFIDISH…..You have to go up to the far top corner of the master page, and press on the the thing that looks like a flag….

      • On January 6, 2021 at 8:03 pm,
        blazesb says:

        C’mon Jerry. Where’s the old sand? Even the best reality tv shows have to end. Trump’s making a clean getaway with over 200 mil in swag raised to fight election fraud. He really does win every time.

        • On January 6, 2021 at 8:49 pm,
          OOTB Jerry says:

          blaze…….thanks for the follow up…..Yep, I must be getting old….I hate to give up, that is why I stay around here…. 🙂

  12. On January 6, 2021 at 5:09 pm,
    OOTB Jerry says:

    Ok….tip of the day……BUY GOLD , because it is going a lot higher….. 🙂

    • On January 6, 2021 at 5:29 pm,
      CEO of nuthin says:

      Sure thing OOTB.
      At +9% CAGR gold will be $10k in 2041 easy-peasy.
      If I’m still alive then, I won’t even know it.

      • On January 6, 2021 at 5:31 pm,
        OOTB Jerry says:

        You should have bought in the 70s, and rode the compounding…. 🙂

        • On January 6, 2021 at 5:33 pm,
          OOTB Jerry says:

          Ok….buy some real estate while you can….

          • On January 6, 2021 at 5:35 pm,
            OOTB Jerry says:

            Man this is a tough crowd….to night…. 🙂

          • On January 7, 2021 at 1:26 am,
            CEO of nuthin says:

            I was agreeing with you, and still you’re grumpy.
            Talk about a tough crowd …

          • On January 7, 2021 at 1:30 am,
            CEO of nuthin says:

            I have all the real estate I need – over 25% of holdings – not including primary residence. Hard call to make – add to R/E or PM – I know what the crowd thinks, and that’s why I am hesitating on the decision.

          • On January 7, 2021 at 3:56 am,
            OOTB Jerry says:

            CEO…….sorry, about being grumpy…….I was having what I thought was a little humor …..but, that is ok….Like you , ditto on the real estate holdings….I have mentioned on this show….I love real estate.

          • On January 7, 2021 at 4:03 am,
            OOTB Jerry says:

            Oh, and thanks for the conversation, have a great day….Best…
            And I agree with you, it is a hard decision.

    • On January 6, 2021 at 6:20 pm,
      Ozibatla says:

      I agree wholeheartedly Jerry. Unfortunately bitcoin is going higher now and thats where the attention and more importantly new money is parked at the moment. Whilst not a big fan compared to gold, it seems to tie in better with millennials. Perhaps because of its connotation to technology? For gold to go substantially higher, I believe amongst other factors, gold needs new investors off the sidelines. This will occur but bitcoin is stealing the limelight presently.

      • On January 6, 2021 at 6:38 pm,
        OOTB Jerry says:

        Thanks Oz……appreciate the comment…..I love the participation….

      • On January 6, 2021 at 9:50 pm,
        Excelsior says:

        Dan Morehead: The Next Phase of the Crypto Bull Market (w/ Raoul Pal)

        Real Vision Finance – Jan 6, 2020

        “Dan Morehead, CEO and founder of Pantera Capital, joins Real Vision CEO Raoul Pal to discuss the current macro setup and its relationship to crypto as well as why this crypto bull market is different from the last and what the potential benefits could be from incoming regulations. Morehead explains what the focus at Pantera Capital has been over the past several months, including what he expects to outperform in the crypto sector. He also describes how he sees the crypto ecosystem evolving over the next few years and why the entry of Paypal into the crypto space is significant.”

        > Filmed on December 8, 2020. Key Learnings:

        “With his extensive knowledge of the macro world, Morehead brings a wealth of expertise to the crypto space, and he expounds on what factors may have contributed to the recent surge in crypto interest and value. He describes why Bitcoin will likely continue to do well; however, he elaborates on why he expects other crypto assets to outperform and why Bitcoin might not be able to outperform some smaller assets in the sector.”

        https://youtu.be/x6c6eeP-e8Q

        • On January 6, 2021 at 11:18 pm,
          Excelsior says:

          Bitcoin at new all time highs to $37,386. This run higher has been relentless.

          https://www.coinbase.com/price/bitcoin

          • On January 6, 2021 at 11:46 pm,
            Excelsior says:

            I’ve completely sold out of the GBTC position now, in 5 tranches, and entered in 4 tranches and got a little less than a triple out of it in 4/12 months.

            It looks like the Bitcoin price is just going to keep climbing into a steeper parabola, and this ascent has been insanely strong, with only very small corrections over the last month or two.

            If there is a somewhat meaningful correction then I’ll buy back into GBTC, but for now I’ve cashed out my chips at $30.48 on the 12/21/20, $32.88 on 12/30/20, $35.21 on 01/04/21, $37.89 on 01/05/21, and the last portion at $41.94 today on 01/06/21. My average cost basis was $12.67. Of course, it decided to keep on blazing to close higher at $43.93.

            I started investing when Bitcoin was in the $10K-$12K range, and added more at around the $14K range, so when Bitcoin got into the $30K-$35K this week, and in such a short time span, it exceeded the investing goal I had which was just to double my money in it over a year. It was a solid speculation and return on investment in 4 1/2 months, but I’m likely leaving money on the table exiting the rider here. Regardless it was a fun ride, and I may jump back in on any corrective moves, but only with partial position buys.

          • On January 7, 2021 at 7:31 am,
            Marty says:

            I think Michael Saylor is responsible for 50% of the Bitcoin move the last 4 months with his YouTube video dialogue

          • On January 7, 2021 at 8:04 am,
            David says:

            Ex:
            Great move on cyber.

          • On January 7, 2021 at 10:18 am,
            Excelsior says:

            Well as postulated, I exited the parabola too early here, as now GBTC is up to $47.46, and it doesn’t seem to matter how far above the moving averages the current price has run, it just keeps running with Bitcoin. For reference the 21 day EMA is $21.66. and the 55 day EMA is $15.66. By any measure these prices are way stretched, but that’s what happens in a massive mo-mo trend.

  13. On January 6, 2021 at 8:26 pm,
    Buzz says:

    Meanwhile Mark Levine measures the scales of justice, the people have spoken. Pelosi got her comeuppance for tearing up the Pesident’s speech. How’s it feel now, Nany? And the casual-tea aint even got a pair of balls. Bouncing Betty don’t know no renegade, RUSH to cool-hand rock n roll!!! FREEDOM

  14. On January 6, 2021 at 8:28 pm,
    David says:

    Thought For The Day
    When someone violates the law, the solution is not to get rid of the law.

  15. On January 6, 2021 at 8:43 pm,
    Buzz says:

    Oh, bought the dip in Pure Gold mining today. Looks cheap down here.

  16. On January 7, 2021 at 4:23 am,
    Ozibatla says:

    Well played on the cryptos Ex. Thats a nice return in a short space of time. Bitcoin has just never sat comfortably with me personally. I very nearly got into creating an account back in 2013 when it was around $60 but I just felt uneasy about the whole process. Hindsight is a wonderful thing and I would have gained a whole lot of money but I dont lose sleep over it. At nearly $40000 this is just a crazy runup of late. Of course what goes up must come down but when will it come down?

    • On January 7, 2021 at 7:05 am,
      OOTB Jerry says:

      Looks like it is going a lot higher…..I figured out the halving idea……and expressed such the other day…..

    • On January 8, 2021 at 5:20 am,
      Excelsior says:

      Thanks Ozibatla.

      The value set up made more sense to me the more research I did especially over the last 3-4 years of looking into it deeper. When Raoul Pal over at Real Vision went from like a 25% allocation to a 50% allocation, keeping 25% in Gold and 25% in cash that really got my attention, and I considered that I should at least have some exposure to the sector again, as I was invested back in 2016 and into mid 2017. When Raoul Pal then moved his cash, and eventually sold all his gold to move the vast majority of his funds outside of some liquid cash and his real estate, it seemed a bit extreme to me, but I’m sure he’s cleaned up nicely on that trade the last few months.

      After getting the GBTC position and watching it rise with Bitcoin, I feel good using it again as a way to participate in the pricing moves, but with an easier to trade security. I didn’t really want to commit to buying the actual cryptos and doing the digital wallet thing quite yet, but I’m sure the day is coming where many people will have some kind of “digital wallet”.

  17. On January 7, 2021 at 6:44 am,
    David says:

    Dollar Up…Sure