Jordan Roy-Byrne - Technical Commentary on the Metals – Wed 7 Apr, 2021

A Fed rate hike could be the next major catalyst for gold

Jordan Roy-Byrne, Founder of The Daily Gold joins me for a quick update on the rebound in gold compared to the moves in US markets. We then discuss how the Fed hiking rates could be the next major catalyst for gold. It sounds contradictory but history has shown this to be true.

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

View related posts on: , ,

Comments:
  1. On April 7, 2021 at 12:09 pm,
    Holy Grail says:

    Exceptional discussion and analysis. Both Corey and Jordan are super sharp. Thought-provoking and very realistic analysis.

  2. On April 7, 2021 at 12:55 pm,
    cfs says:

    Meanwhile a new interview from District Metals:
    https://www.youtube.com/watch?v=9aMp7-c26is

  3. On April 7, 2021 at 1:49 pm,
    cfs says:
  4. On April 7, 2021 at 2:20 pm,
    cfs says:

    David Morgan on the smell of Silver:

    https://www.youtube.com/watch?v=qcu1PT7vT4Q

  5. On April 7, 2021 at 2:37 pm,
    Excelsior says:

    Seeking Equilibrium

    Apr. 06, 2021 – Lyn Alden Schwartzer – Seeking Alpha

    “Value stocks overall still look like they have positive momentum vs growth stocks, but going forward, I like a mix of both.”

    “In early and mid-2020, the real economy was devastated, and big-money investors didn’t want to touch cyclical stocks that were exposed to this economic uncertainty. Banks, commodity producers, industrials, and other cyclical companies were left for dead at cheap levels. Investors instead piled money into tech stocks at almost any price, since they were generally immune from, or even benefitting from, the pandemic.”

    “Then, as massive fiscal stimulus started to take effect, and as vaccines were announced later in 2020, investors started rotating out of overvalued tech/growth stocks and more into those abandoned cyclical/value stocks, and many of them have had very strong price movements since then.”

    “Upcoming US fiscal proposals include plans to provide significant funds for infrastructure projects and to increase the headline federal corporate tax rate from 21% to 28%.’

    ‘Previous aid bills were not paid for with taxes; they were funded via debt issuance, and the central bank created a lot of new base money to buy that debt issuance. As policymakers look around for ways to reign in the fiscal deficit going forward, they’ll gravitate towards areas that would be politically easier to raise taxes on.”

    https://seekingalpha.com/article/4417922-seeking-equilibrium-value-or-growth?mail_subject=lyn-alden-schwartzer-seeking-equilibrium&utm_campaign=rta-author-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha

  6. On April 7, 2021 at 2:39 pm,
    Glenfidish says:

    Jordan in my books today you hit it out of the ballpark 10 out of 10 with your investment advice and approach. For all you listeners out there what Jordan said today is real food for thought.

    Some of you out there who have taken shots at me and doc dickus being one better really play Close attention and fine-tune your ears. To be one-sided narrow vision and not look at the overall consensus of the market and where we are would be ridiculously stupid in my view. There’s no bigger bull than me but as a wise investor that I believe I am I’ve been there done that and experienced many things and I can tell you you better think twice if you think we are flying up from here. If the low is in as Matthew says then we are all going toProsper regardless. But if we are headed much lower as I’ve been saying we are going to be in a world of hurt and it’s not something that I want or I’m predicting it’s something that my charts in my technicals as well as the fundamental market is telling me I’m sorry to be the barrier of a pessimistic/realistic point of you.

    The technical number is Jordin throughout there is what I discussed yesterday or the day before Regarding GDX

    There are many implications of why I see gold going lower many of you have asked if I hold long positions why am I saying it’s going lower it’s not me that wants it but it’s how I’m reading the charts and taking into account the fed, fundamentals, The a holes of the bankers/cartel and the record high we hit in August which was unprecedented.

    We are talking over a decade long cup and A handle that has not corrected to a retrace that satisfies my appetite to garner the mass of fuel that will be needed to send us much higher where we need to go.

    I said it about maybe three weeks ago or even about a month ago that the Dow Jones would have about 4 to 6 weeks left and we are in that vicinity before a correction a big correction and it’s coming and I can tell you it’s probably going to be the catalyst of what I’m seeing in the charts for gold that will push it down alongside equities with gold bottoming first and the Dow continuing to correct possibly for a few months more

    When I can tell you is and where I deduct one point from Jordan is the fact that if the Dow goes down it is not sparing the minors they will initially go down as well before they head up.

    Again I hope you guys pay careful attention and at least keep this in mind I don’t want to have to come after each and everyone of you later on and tell you I told you so

    Glen

    • On April 7, 2021 at 5:19 pm,
      Matthew says:

      Glen, it still doesn’t make sense that you have so much exposure on the long side of the gold sector if you’re so sure gold is going much lower. If you’re correct, you’re going to be in just as much trouble as those you’re lecturing and maybe more since you’ve been ignoring obvious shorter term opportunities (like the senior gold miners 5-6 weeks ago as well as IPT at 67 cents).
      The stock market has a correction coming but not a crash so gold and the gold miners will probably benefit from it rather than being dragged down.

      • On April 7, 2021 at 5:38 pm,
        Glenfidish says:

        Matthew I really don’t understand your reluctance to believe me position when I consider you a pal? I’m honestly concerned by this as I would prefer to have this matter private.

        I’m long i have always been honest and open with you. I even said I have been hurt in 2008 having held on and open currently with intermediate position stuck above. I would think you know that I have ample amount of capital matt. I don’t need to really work I enjoy everyday of my life. Wake up and go for walk with my wife return make mince etc.

        I’m not tied down have more then enough money made and can wait any market. You have been instrumental in my success so ya it sucks you don’t believe my stance.

        The reason I’m so like this is I lost probably 25% of my wealth in that 2008/2011 move both down. I went dormant in 2995 needed to gather myself.

        I just don’t get how you don’t respect at least “ the possibility of heading lower” your so intelligent but feel married to the bias and it’s not a shit at you. I’m your student but make no mistake Matt I’m ready to challenge you in this call! The time has come either you or me will be wrong and will have to own up.

        Battle of two titans?

        Glen

        • On April 7, 2021 at 7:15 pm,
          Matthew says:

          Glen, I believe your position and I’ve been open to lower gold (but am much less open to it now because of the action). Don’t read things into my comments that aren’t there. I am not attacking you. Your heavily long position just doesn’t fit with your confidence that gold is going lower. If I was so sure of a market move, I would want to exploit it. That’s all, no big deal.
          We obviously see things very differently when it comes to the charts.

  7. On April 7, 2021 at 3:47 pm,
    Wolfster says:

    I’ve been talking up nano one…..here’s a nice write up on it that sums things up really good.
    https://www.cantechletter.com/2021/04/nano-one-materials-is-a-catalyst-rich-cleantech-play-says-eight-capital/

  8. On April 7, 2021 at 5:48 pm,
    Glenfidish says:

    Mince=lunch Matt lol

    I’m 100% bull Matt you need to believe me! If I’m wrong that’s ok your going to still be the king here.

    But the student is willing to challenge you and this time I won’t back down 🙁
    I nemieve strongly we are headed down. Yes in the short term trading pattern you may get good upswings but overall I believe strongly bozos extreme high cash stream of buying will eventually have been wayyyy to expensive which means a world of hurt yet to come.

    Glen

    • On April 7, 2021 at 6:21 pm,
      Dick Tracy says:

      Glen, have you been drinking. DT

      • On April 7, 2021 at 6:54 pm,
        David says:

        Doc:
        Thanks for the update. What concerns me is all the postering today by the Fed and MSM. Sometimes that means a chart smash. I hope not…had enough of that over the years. Your input is timely.

    • On April 7, 2021 at 7:17 pm,
      Matthew says:

      It’s all good, Glen. I don’t want you to back down.

  9. On April 7, 2021 at 6:22 pm,
    RICHARD/DOC says:

    I believe the chart to watch currently is the daily chart of silver. It’s being very flirtatious with the 200 day SMA and has taken it out recently and is now holding its’ head above water—silver looks very vulnerable right now and should probably be the indicator to watch as regards the PMs. https://schrts.co/DAwAxJrf

    • On April 8, 2021 at 1:08 am,
      Aetas Aurea says:

      Hi Doc,

      Do you not see it as more of a possibility that silver runs up to the MA50 around $26? It’s got a daily MACD crossover to give it a positive boost.

      My big hope is we see it head up to the MA50, have a pullback to form a right shoulder on an inverse daily head and shoulders formation that will hopefully push it back up to $28.