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Jordan Roy-Byrne – A bullish outlook for gold and gold stocks in 2022

Cory댊
October 27, 2021

Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to look into 2022 and share the factors that have him bullish for gold and gold stocks. This ties in with future Fed policy, economic data, and even US markets. Jordan shares targets to watch in the near term and just how high the gold price could run next year.

 

 

 

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

Discussion
32 Comments
    Oct 27, 2021 27:53 AM

    I think Jordan is on point. Recent Aden Sister opinion puts the gold breakout point around 1820 also, but it was awhile since I read their report. They are thinking we are real close to an up move and think the General Markets remain on shaky ground. Like Jordan, things have to happen before things happen. The Aden Sisters do not rule out intervention, but they rather address “real” conditions and they feel that things are close for a gold move as they continue to believe we are continuing a long term bull market.

    Just triggered the thought that it might be a good time to interview them.

      Oct 27, 2021 27:12 PM

      Correction: Adens are looking to 1835 for lift off. I think that is what Jordan was saying.

    Oct 27, 2021 27:15 PM

    oh the elusive1800 gold close. With all things going on you would think it would be a lay up Still think it should at least do that, the real potential hook lies with a run up to that 1820/1840 area.

    Oct 27, 2021 27:20 PM

    Since Jordan brought up the previous all-time high monthly close, it’s worth pointing out (again) that the March low happened at the previous all-time high yearly close (the two were a miniscule 70 cents apart). This is a big deal in my view and makes sense considering the renewed bullishness of the yearly chart.

    Oct 27, 2021 27:30 PM

    We don’t need a triangle to see that gold is breaking out of its 5 month downtrend.
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=0&id=p24384466390&a=1051150724

      Oct 27, 2021 27:40 PM

      It seems that 1835 is not that far away. Just a good couple of days….like Thurs and Friday of this week. They are available.

        Oct 27, 2021 27:29 PM

        There is a good chance that the next 15 month downtrend won’t be backtested just like in May and Dec ’19 but we need more time – many miners need to consolidate

      Oct 27, 2021 27:55 PM

      Everyone is a genius in here but not one person makes calls like glen in real time before the fact! Go back and friggin read… $1806/$1807 hit before anyone moved there mouth.. you all know that.. secondly my call is the same get to $1832 close and we are going higher higher.. none if this $1813 blah blah blah..

      $1832 is the key daily ir weekly doesn’t matter.. we are going higher

      Glen

        Oct 27, 2021 27:23 PM

        No one is stopping you from turning bullish at 1832 but that number is “blah blah blah” to me. Frankly, the writing is already on the wall. The 5 month downtrend has been broken; today we have a bull hammer and close above the 200 day MA and EMA; and the 200 day EMA is above the 200 day simple MA for the first time in 11 months (for 4 closes now).
        There’s an important pivot at 1811.53 and Kaufman’s moving average at 1815.49. If gold closes the week above both of those, your number will be in the bag along with a clear weekly MACD buy signal.
        It is also no small thing that the 3+year uptrend line will again below price as it already is for GLD. Keep going with the herd if you must.
        https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=7&dy=0&id=p43652708667&a=1021468347

          Oct 28, 2021 28:31 AM

          There is no heard mentality here Matthew. I kept calling lower after that 2020 august top while your were seeing bull flags with impact silver. Let’s not forget.

          Although gold bottomed sometime ago the miners kept going lower. It was not until a month or two ago that some miners bottomed while others continued downward. I called the bottoms on USA and bear creek not to mention so many more which I shared. Not heard mentality at all when the board was very negative. I turned bullish at the precise time and it’s on record.

          I don’t need $1832-$1840 for any confirmation as I already know the bottom is in. I want that target for liquidity reasons and getting more money to flow in for this bull.

          Keep the charts coming I appreciate them. No one is perfect 👍

            Oct 28, 2021 28:40 AM

            Let’s also not forget that you were still calling for IPT to 29 cents after it bottomed and completely missed the March low and the very tradeable intermediate move that followed in which GDX went up 30%. It’s deceptive of you to say that the miners kept going down after gold bottomed when they in fact went up significantly for about 2.5 months and then started back down.
            You’re right that no one is perfect.
            https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=0&dy=0&id=p96103249561&a=1031377993

    Oct 27, 2021 27:32 PM

    Forget about rate hike in near future, they won’t do rate hike till tapering is done.
    Stocks need the final push to complete bull market bubble top ?? Or just have a long overdue 10 PCT plus correction next year and then if inflation hangs around into later 2022 and confirms it’s not transitory then we can see gold and miners start that breakout and create that big run everyone wants in 2023/2024.
    This is just a big overdue oversold bounce, it’s been a long time since metals of August 2020 highs and this is the bounce. People will take profits and sell more miners for tax loss. I think Doc said it best months ago that gold will be down and trading in a range for awhile before it makes a breakout and that is exactly what has been happening.

    Oct 27, 2021 27:23 PM

    Regarding the mining stocks’ outperformance of the metal being a reflex move, such is often the case but I disagree that that is the case for the current move.
    Some of the reasons can be seen here:
    GOEX:GLD…
    https://stockcharts.com/h-sc/ui?s=GDX%3AGLD&p=W&yr=3&mn=7&dy=0&id=p53267357438&a=1029021344

    Oct 27, 2021 27:56 PM

    G. Edward Griffin made the point in the video a couple of days ago that The Banks were running the government, now if Omarova gets appointed and allows The Fed to control all banking accounts, personal and corporate, and to short stocks, we will lose all of our freedoms. We will be totally controlled by the creatures from Jekyll Island. Oppose them and the computer will shut off your money supply.

    Oct 27, 2021 27:35 PM

    @Goldfinger – “I was on Mining Stock Daily with Trevor Hall this morning.”
    .
    “We discussed #gold, the Fed, a couple of potential macro scenarios, junior mining tax loss season, and why I like $AU so much after Monday’s news from the B2Gold JV Project next to the multi-million ounce Ikkari Deposit.”
    .
    https://anchor.fm/mining-stock-daily/episodes/Todays-Market-Analysis-with-Rob-Sinn-e19d1n2

      Oct 27, 2021 27:36 PM

      Putting The 2021 Price Action In Gold In A Long Term Context
      .
      Goldfinger – Oct 26, 2021 #VIDEO #TechnicalAnalysis
      .
      “While there is always an urge to create a narrative to explain every market move, and to infer what recent price action means about the future, the reality is that markets often spend a lot of time consolidating in a largely sideways range. This is what gold has been doing in 2021, after tremendous bull market years in 2019 and 2020, and there is insufficient evidence to proclaim that the long term secular uptrend is resuming OR that a bear market is beginning. The crisscrossing back and forth above and below the US$1800 tells us all we need to know about the shorter term trend, or lack thereof, in gold.”
      .
      https://youtu.be/SVwPTKGN1uo

    Oct 27, 2021 27:39 PM

    Stonks: The Canary In The Stock Market Coal Mine
    .
    Jesse Felder – October 27, 2021
    .
    “After my fascinating conversation with Investech founder Jim Stack a few months ago, I was inspired to put together an indicator for tracking broader speculative activity in the stock market. As Jim noted during our chat, the action in so-called “stonks,” or popular meme-driven equities, can be a great indication of the broader “animal spirits” driving the bull market. For this reason alone, they are probably worth keeping a close eye on.”
    .
    “For quite a while now, I have been tracking a number of these “single stock manias.” However, they have grown in number over the past year and so plotting them individually on a single chart (indexed to 1,000 as of 1/1/17) has gotten pretty noisy…”
    .
    https://thefelderreport.com/2021/10/27/stonks-the-canary-in-the-stock-market-coal-mine/

    Oct 27, 2021 27:43 PM

    Beijing Tells Evergrande’s Billionaire Founder To Repay The Insolvent Company’s Debts

    – Oct 26, 2021
    .
    “Hui Ka Yan, founder of China Evergrande Group, had once amassed a fortune of $42.5 billion, placing him at the top of the wealth rankings for all of Asia. But 73% of that immense fortune has now evaporated, and the tycoon will almost certainly lose even more as anxious creditors, suppliers and homebuyers besiege Evergrande’s offices.”
    .
    “In a new twist of how China may soon conduct corporate bankruptcies, Chinese authorities told Hui Ka Yan to use his personal wealth to “alleviate” China Evergrande Group’s deepening debt crisis, Bloomberg reported according to people familiar with the matter.”
    .
    “Beijing’s “directive” – which to us sounds just a bit m,more forceful than merely “urging” – to the Evergrande founder came after his company missed an initial Sept. 23 deadline for a coupon payment on a dollar bond, and takes place as local governments across China are monitoring Evergrande’s bank accounts to ensure company cash is used to complete unfinished housing projects and not diverted to pay creditors, the people said.”
    .
    https://www.zerohedge.com/markets/beijing-tells-evergrandes-billionaire-founder-repay-insolvent-companys-debts

    Oct 27, 2021 27:41 PM

    Matthew, which will be the best investment: gold@1800, silver@25, CCI copper clad 36 grain HP Mini-mag@ 12 cents, or Remington core-LOKT 170 grain 30/30@ $1.15?

      Oct 27, 2021 27:24 PM

      Bonzo, for me it would be silver since I have plenty of the others.

        Oct 27, 2021 27:06 PM

        I have far more gold and silver than ammo, so now I want more ammo, and I think .22 LR may go up more than silver. In the last year .32 S&W long has gone from .26 to 1.20 a round, twice as much as .38 special, which is absurd.

          Oct 27, 2021 27:36 PM

          It’s very possible that .22 LR will go up more than silver. This is a good time to handload everything else.

    Oct 27, 2021 27:46 PM
      Oct 28, 2021 28:42 AM

      Matthew – That’s an interesting chart on the commodities versus gold. It would be nice to see Gold start gaining some traction moving forward on the commodities like Oil, Nat Gas, Copper, Nickel, Zinc, Aluminum, that have all raced to pretty high levels.

        Oct 28, 2021 28:41 AM

        I would agree Ex! The reason why I’m pretty exited since the miners have lagged to its peers that chart is showing you more clarification that there are exciting times ahead. It’s time to start seeing some fireworks 🙂