Jordan Roy-Byrne – Precious Metals Continue To Run Higher, What Levels To Watch From Here

November 10, 2021

Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his technical outlook for gold, silver, and the PM stocks. Gold has been on a 1 week run higher ever since the last Fed meeting. The move higher is also being supported by higher inflation data released today and earlier this week. We also have Jordan comment on the rise in the US Dollar alongside gold.




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

    Nov 10, 2021 10:21 PM

    Bearish rising wedge: The Nasdaq looks terrible versus gold (GLD)…

    Nov 10, 2021 10:15 PM

    SILJ finished right beneath fork resistance but the week isn’t over…

      Nov 10, 2021 10:41 PM

      Ramby bough third/final positions in several speculative 2 and 3 x leveraged gold and silver vehicles like NUGT, GDXJ, and NUGT…..I guess we will see if Jordan vs Ramy or you are correct. I imagine not many are expecting 1900 to get blown through yet. I would like it to surprise to the upside creating a short covering event, but am not getting too excited yet. We should know before the end of the year.

        Nov 10, 2021 10:28 PM

        I sold some puts on JDST. So far down a little.

        Nov 10, 2021 10:00 PM

        I’m definitely with Rambus at this time. The picture is more bullish than most realize and I wouldn’t read much into today’s lack of leverage among the miners since they all started the day with huge gaps. Gaps that size not only inhibit buying, they promote selling, and rightfully so, statistically. 1920 looks more important than 1900 to me and I expect much more resistance at 1980. But before those, 1875 is important and probably not on many radars.
        Today’s close was the highest in 5 months and came with the highest volume in 5 months as well as the highest RSI(14) reading in 5 months.

          Nov 10, 2021 10:05 PM

          Good to know. I’ll be up all night watching those JDST puts carefully.

          Nov 10, 2021 10:51 PM

          $1900 plus is a guarantee before year end.

          I see us running December and January up with a February correction.

          Before you know it everyone will be ultra bullish again. I hope many continue to stay bearish. Wall of worry

            Nov 10, 2021 10:15 PM

            7 weeks to $30 above today’s high would be bearish action in my book.

            Nov 10, 2021 10:28 PM

            $1900 was meant as previous conversation long ago when we were at the bottom. It was meant to that reference when everyone was bearish.

            I agree $30 bones is nothing should could be much higher

        Nov 10, 2021 10:46 PM

        It’s obvious you don’t listen to others in here. Ramby and Jordan are your typical on the fence type traders who are always indecisive or on the fence. Ramby or rambus has been wrong so many times and changed tunes so many times the record is there. In this game your either early to the game like myself or time it correctly but nothing else in between. Now suddenly everyone is right lol. Jerry we’re are you lol

        Never stay confused you lose money just a thought


          Nov 10, 2021 10:11 PM

          Take it easy Glen. Confused knows I’m interested in what Rambus thinks so he shares it when it matters. I remember when Rambus was bearish and wrong but so what? I’m sure he has his exit plans when trades don’t work. Everyone should read this until they get it:

          Nov 11, 2021 11:38 AM

          Glen …….. set tight and be right… 🙂
          The article that Matthew posted was spot on…… jmo….
          When your right , your right… Maximize your winners…

    Nov 10, 2021 10:44 PM

    Another great discussion. Thanks Jordan and KE Guys.

      Nov 10, 2021 10:51 PM

      Much appreciated Lakedweller2. It’s always nice to get Jordan’s take on the markets.

    Nov 10, 2021 10:42 PM
    Nov 10, 2021 10:26 PM

    Inflation News Ends The Latest Rally (Technically Speaking For 11/10)

    – Nov. 10, 2021 – Hale Stewart
    “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent in October on a seasonally adjusted basis after rising 0.4 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.2 percent before seasonal adjustment.”

    “After U.S. prices climbed by the most in three decades, there’s even worse news ahead for households and policy makers: Inflation likely has further to rise before it peaks.”

    “We’re going to see the inflation picture get worse before it gets better,” said Sarah House, senior economist at Wells Fargo & Co. She doesn’t expect much relief before next spring.

    “I think this is right. A close look at the charts above indicates that the trend is accelerating.”

    “Today’s inflation news sent all the indexes lower as traders bet the Fed would be more likely to increase rates in the near term. The bond market also sold off since inflation eats into fixed income payments.”


    Nov 10, 2021 10:36 PM

    As for this recent run higher in Gold, it started about 6 weeks ago (not just a week ago), when the short-term low was put in that last week of September at $1721.10, and then reversed up right before the monthly / quarterly close (as Dave Erfle pointed out at the time). The miners have been running higher the last 5-6 weeks as well

    It’s also significant that the peak from early September at $1836.90 was taken out today on a closing basis, when Gold closed at $1848.30.

      Nov 10, 2021 10:09 PM

      So much for Joe calling a top. Just like Russell Hamilton, his annoying posts bear no truth. Trump back on political battlefield readying to take down RHINOS in Royal Flush. MAGA, the rest of you commies go pound sand. BUZZ IS TOP

        Nov 11, 2021 11:06 AM

        Agreed. Some of those guys are contrarian indicators and I give them little thought.

    Nov 10, 2021 10:16 PM

    Bunch of good new investigations. All criminal activity in our trusted Fed System.

    Nov 10, 2021 10:06 PM
    Nov 10, 2021 10:21 PM
    Nov 10, 2021 10:30 PM

    SLV, HUI, GDX, etc., already have activated H&S patterns if we base those patterns on closing prices rather than intraday noise.

    Nov 10, 2021 10:39 PM

    Now we just need the miners to outperform gold by a few percent to activate more important H&S patterns (based on the miners priced in real money)…

      Nov 10, 2021 10:03 PM

      The moves in the miners are going to come swift and fast as we are already seeing. Investors will get left behind and that’s what I want. Let them keep thinking we are headed back down. Only few make money and understand what’s going on.

    Nov 10, 2021 10:44 PM

    I don’t know if the Canadian dollar is going a little lower or not but today’s low happened at a couple of interesting levels…

      Nov 10, 2021 10:57 PM

      If you mean go lower from a short term perspective 2-3 days possibly but from a monthly view Cad is going plenty higher imo and will move with the miners and gold.

      .83 -.87 ect and so forth and so on

        Nov 10, 2021 10:13 PM

        Yes, I meant short term. Everyone should know by now that I am long term bullish Cad relative to the US dollar.

          Nov 10, 2021 10:30 PM

          Yes absolutely that’s why I was just double checking.

          You have been very clear regarding Cad and I’m glad about that

    Nov 10, 2021 10:03 PM

    Consistent with the formation of a major low, COT open interest for gold has been making higher highs and higher lows since bottoming in June (2 higher lows and 3 higher highs, so far).
    Of big-picture interest:

    Nov 11, 2021 11:15 AM

    Do Like Exploration? Buy Producers.
    Jordan Roy-Byrne – The Daily Gold – Nov 9, 2021 #VIDEO
    “Junior producers with successful exploration have been some of the best performers over the past 5 years. Exploration success can help to raise your valuation or increase cash flow, and without dilution. ”

      Nov 11, 2021 11:59 AM

      I completely agree with Jordan on this point about capitalizing on what he had previous dubbed at the “holy grail” mining stocks, being the producers or advanced developers that still have fantastic and aggressive exploration upside.
      Jordan has used a few examples like Wesdome, K92 Mining, and Kirkland Lake as great examples of best in class companies that continued to grow their resources and operations with the drill bit, while being underpinned by real assets and value (something lacking in most exploration drill plays).
      I feel the same way about companies like Calibre where they have completely turned around the operations they picked off from B2Gold and surfaced so much more value than was apparent when they acquired the projects through an all-out exploration focus and 15 drill rigs turning. That is how they’ve upped their production profile so much and brought on more spokes into their “hub & spoke” strategy to keep finding more pits to feed their mill. Now they are going to do the exact same thing with Fiore’s Nevada assets.
      This is the same thing Argonaut Gold has done by growing Magino and Cerro del Gallo into behemoths of deposits at near 5 million ounces of gold each. Both those development project are bigger than most of the explorers and developers on the market (some of which have similar or even larger market caps than Argonaut with only a fraction of the same resources). This is all in addition to the 4 operating mines in 3 mining complexes that Argonaut has, and quite recently they’ve had some big exploration success underneath their La Colorada mine at the El Creston pit, where they’ve hit the high grade and will likely be able to transition to a beefy underground mining scenario.
      There are many examples of this where producers or advanced developers are still growing their companies through the drill bit, and unlike earlier stage explorers (where they don’t even know IF they’ll have an economic deposit) these more established companies can either monetize the discoveries in short order by bringing the resources into the mine, or if they are developers by expanding their resource estimates and improving the NPV, IRR, Payback Period on their economic studies.
      More examples: What I love about Impact Silver is that while it is in relatively small scale silver production, they really have a large package that has shown for over a decade is littered with old artisanal workings and mineral wealth almost everywhere they look and drill. Now they are exploring not just for silver, but also gold and copper, and many of the upside surprises with IPT will be through exploration, more so than production.
      Alexco has taken what was a solid resource to mine from at Keno Hill, and turned into a bonanza high-grade resource there through exploration success by finding the Flame & Moth, Bermingham, and Bermingham deep deposits that were so much more well endowed than just the Belekeno and Lucky Queen deposits there. They’ve still only scratched the surface and Keno Hill and have other historic deposits they’ve not even got around to drilling yet, but now that they are ramping up into production, they’ll have the revenues to plow back into exploration work (something other explorers don’t have).
      Endeavour Silver is another company that has grown deposit after deposit through exploration success, and their large Terronera development project is similar to how Magino is for Argonaut (a similar game changer for the company that doubles production and cuts costs in half over the next 2-3 years). After that they have Parral waiting in the wings as the next advanced exploration/development project. They also have some “go big or go home” targets in Argentina that are continually overlooked that could be massive projects that move the needle even on a company of their size.
      Karora Resources is another gold & nickel producer that has done a stellar job of growing their production throughput through exploration success, paired with operational efficiencies. The are about to double the production output by putting in a twinned decline in the next year at Beta Hunt, because they’ve continued to find so much more gold, and they’ve really done well finding new nickel zones that aren’t even in the current mine plan quite yet, but are coming down the road as further value drivers. They’ve also got drill targets all over the place at their Higginsville Gold Operations and they’ll continue to beef up deposits there, near their mill, that can easily be monetized.
      Mako Mining is another one that has moved into production and is ramping up, but they now have 3 drill rigs turning, with plans to eventually add a 4th and they are serious about expanding their resources through the drill pit and believe there are many near satellite deposits that can be brought in to feed the mill, very similar to the same model and strategy that Calibre has been doing in Nicaragua. I’m as interested in their exploration upside as I am the their operational success as the world’s highest grade open pit mine in production.
      Another more recently launched producer is I-80 Gold Corp, which are the Nevada producing operations that were spun out of Premier Gold when they merged with Equinox, and they’ve been aggressively drilling their other properties, they’ve acquired a new mill, some new prior producing mines, and will be exploring, expanding, and fast-tracking things into future production growth. What is so attractive about that kind of exploration, is that it can be monetized quickly in this cycle (and in our lifetimes haha!!), as opposed to so many companies that will take 10-20-30 years or longer (if ever) to get a deposit developed, bought out, and actually into production.

      Then there are the developers that aren’t resting on their hind-ends waiting to get bought out, but are still aggressively expanding their projects in size and scale like Silvercrest, Skeena, Orezone, Integra Resources, Newcore Gold, Montage gold, Wallbridge, Treasury, Discovery Metals, Cartier, Liberty Gold, Perpetua, Lion One, Amex, and once their maiden resource is announced in Q1 – Great Bear will graduate to this group.
      While many investors can make massive gains in explorers and drill plays, the odds of taking a target to an economic mine is 1 in 3,000 as we’ve heard Pierre Lasonde mention many times, and there are literally a thousand exploration stocks, but only a few dozen will find anything worthwhile out of their multiple projects. Sometimes an exploration company will have 3-7 projects just trying to find one that may work out, and then they often run out of money or dilute shareholders to crap before they can even get it developed, and it may change hands 2-3 more times inside of other companies, before it ever gets brought into the fold by a larger producer to be moved into construction, or once in a while a company can take it from exploration, to development, to production on their own but those don’t always go smoothly as we’ve seen recently with a number of companies.
      It is far less risky to have a number of growth oriented producers and developers still drilling like crazy to expand their projects, and when big discoveries are made, the do get valued much higher (without so much downside risk) to Jordan’s point about 3 of the best in-class Wesdome, K92 Mining, and Kirkland Lake, that did it with the drill bit.

        Nov 11, 2021 11:06 AM

        All these Mexico and Central American operations have really been catching my eye lately. Always had a soft spot for that area..friendly people, laid back lifestyle, good food, beaches, and gold/silver in them there hills.

    Nov 11, 2021 11:46 AM

    Oh no….all futures paper prices green premarket again…I’m going to get killed another day. I will pretend that history has not happened and it is a brand new world and life is full of flowers.

    Ex: thanks for that essay above on some more developed mining projects that may be less risk prone and more growth oriented in the near term. I need to think seriously about some restructuring ideas to remove the “bullseye” out of the middle of my portfolio screen. You guys are amazing on the quality and volume of input…along with all contributors. We are in a transitional period where the information is often conflicting and this site helps separate data from imagination.

      Nov 11, 2021 11:52 AM

      How about my astute projection. Stocks split down the middle: half up, half down and overall -1.5% and going down. Where have I seen this pattern before other than everyday over the last year. The good news, the ones up today were mostly down yesterday. I have no legal explanation for the action…again. Sorry for bothering everyone…mosve along, move along. Leave 5 cents in the cup.

        Nov 11, 2021 11:38 AM

        Green…I have gone green…65% green. I am taking off my mask and going out in the backyard and feed the squirrels.

          Nov 11, 2021 11:01 AM

          My negative stocks that should be thrown to the curb (Not): Vizsla, Big Ridge, Silver Tiger, Great Bear Royalties, E79, New Age, High Gold, Summa. Tomorrow they may be leaders: maybe even today if Jamie Dimon goes to a Cartel Meeting somewhere.

            Nov 11, 2021 11:40 AM

            A special shout out to my one follower, who lives in a remote lighthouse in Belarus, who sent me a PM thanking me for mentioning Vizsla and not throwing it to the curb. No problem.

    Nov 11, 2021 11:10 AM

    What the heck is wrong with Brixton?????….has totally not participated so far in the rally of PM’s

      Nov 11, 2021 11:48 AM

      Maybe I should gripe more often. Lol. Up over 13% today so far

        Nov 11, 2021 11:14 AM

        Thanks Wolfster…If you could just gripe another half cent worth? ..which would bring me up to even on bbb

          Nov 11, 2021 11:27 AM

          Well there you have it. Got that extra half cent and then got halted. lol …..I take requests if anyone else needs a dead stock to perk up

      Nov 11, 2021 11:49 AM


      I wrote a piece possibly a week ago regarding Brixton will hit .21 in short order.

      I imagine your post was before it just made its move to .17? Yesterday I could see Brixton was going to explode

        Nov 11, 2021 11:11 AM

        Sorry Glenfidish. I must have missed it. I skim through as much as I can but honestly been so busy I find my eyes glazing over while reading sometimes. Looks like you probably called it tho.

    Nov 11, 2021 11:49 AM

    Nov 03, 2021 03:00 PM

    Nothing has changed since I mentioned right shoulder would break and going bullish a month ago or so at the perfect time!

    Todays bs and anticipated sheep fomc meeting was nothing but swivel and keep the idiots entertained..

    The markets have reacted and get ready for some fireworks! In fact you don’t get may posters giving you direction without emotion or plan b or c.

    I said it a week ago Jerry is my witness we will go up and get $1810 and then go higher to capture that liquidity.

    Those algos are going to have to release soon lol and will catch many and I mean many chasing fast.. still we have very bearish sentiment which I love. Keep the bearishness coming.


    Bingo! It’s moving

      Nov 11, 2021 11:53 AM

      Yep……… Glen…. I think you did say that……. 🙂

        Nov 11, 2021 11:00 AM

        Yes sir 🤠thank you Jerry your always full of praise and thank you’s. Sometimes you wonder does anyone care or appreciate the hard work behind these calls 🤷‍♂️

        Many praises go around but not to often for Glen. That’s ok we will keep bringing in the real news and keep the ker family entertained with the morning gold update till the day I can’t no more..

        Thank you also Jerry for your calls and constant reassurance throughout the years or more simply put your conviction that gold is going much much higher like I’ve said 1 million times as long as you Matthew and the very few others keep saying gold is going higher I will feel much more comfortable and eddies with my investments. However if that tone ever changes we will need to make Swift accommodations


          Nov 11, 2021 11:07 AM

          Thanks Glen………..
          Reminiscences of a Stock Operator pg 57
          “… the big money was not in the individual fluctuations but in the main movements—that is, not in reading the tape but in sizing up the entire market and its trend.”…….. LIVERMORE…. 🙂

            Nov 11, 2021 11:30 AM

            Hang in there Glen……… you’re doing great….

            Nov 11, 2021 11:15 AM


            Very well said regarding Livermore…size them up lol… 🥳🙋🏼‍♂️💪

            Nov 11, 2021 11:51 AM

            Again……. Thanks Glen………. As I said,… you are doing great…. hang in there….
            Gold is fine…. 🙂

    Nov 11, 2021 11:01 AM

    (AMX) (AMXEF) Amex Reports 8.25 g/t Gold over 44.80 Metres and 1.22 g/t Gold over 64.75 Metres from the Denise Zone of Perron

    – 11 Nov 2021

      Nov 11, 2021 11:41 AM

      I have owned several times and like it a lot. Good drill results and like the 8.25g/t X 44.8 metres = 369.60

        Nov 11, 2021 11:13 AM

        Yep, I got back into Amex again mid September because they have ounces in the ground already and some prospective exploration drilling on tap. These results were pretty nice today, but not much a market reaction thus far. That’s fine as I’m not done accumulating this one yet.

    Nov 11, 2021 11:24 AM

    (AGI) Alamos Gold Extends High-Grade Gold Mineralization 300 Metres Down-Plunge from Mineral Resources in Island Gold East

    – November 11, 2021
    “Island East Lower: high-grade gold mineralization significantly extended up to 300 metres down-plunge from existing Inferred Mineral Resources in Island East (MH27-02). This confirms high-grade mineralization extends east of the most easterly diabase dyke in a previously untested area.”

    15.86 g/t Au (10.74 g/t cut) over 16.04 m (MH25-10);
    15.76 g/t Au (15.76 g/t cut) over 10.82 m (MH25-11); and
    11.90 g/t Au (11.90 g/t cut) over 4.60 m (MH27-02).

    “Island East Middle: underground exploration drilling continues to extend high-grade gold mineralization within the gap between Mineral Reserves and Resources in the upper and middle portions of Island East.”

    12.03 g/t Au (12.03 g/t cut) over 8.26 m (840-602-23);
    9.65 g/t Au (9.65 g/t cut) over 7.16 m (840-608-09);
    14.24 g/t Au (13.88 g/t cut) over 3.77 m (840-602-29); and
    11.39 g/t Au (11.39 g/t cut) over 2.50 m (840-618-01A).

      Nov 11, 2021 11:25 AM

      So there’s another growth-oriented gold producer, growing through exploration and the drill bit.

    Nov 11, 2021 11:38 AM

    Is Galleon Gold (GGO) dead money? eight million shares capping it off at 6.5 cents.

      Nov 11, 2021 11:52 AM

      It seems to me that if someone puts an 8m sell order then buys at one notch below that, it can be a manipulation tactic, just sayin’, not accusing. I don’t have $650k to find out, haha. Why bother with a stock that has a hard cap price when everything else is going up?

        Nov 11, 2021 11:08 AM

        I’ve got a bid at .06 and added 90,000 shares over the last week or two but I don’t think it is going anywhere until gold is higher or money is raised. The company is almost out of cash so big money is going to delay buying and keep pressure on it to get a better deal on the next capital raise. Why buy on the open market if you can get the same or better price plus a warrant?
        The company might be waiting for gold to rise significantly before announcing a private placement so that the market forces the share price higher first, thereby limiting the resulting dilution.

          Nov 11, 2021 11:55 AM

          Thanks for the response M, I really appreciate it. I have been buying DEF and now IPT is my largest holding.

            Nov 11, 2021 11:12 PM

            You probably know that IPT is my favorite silver stock but it is also my favorite junior miner, period. Few others have such an appealing risk-reward profile, for various reasons. In terms of valuation, my IPT position is vastly larger than my GGO position.

      Nov 11, 2021 11:06 AM
    Nov 11, 2021 11:18 PM

    Brixton has been halted for quite awhile now. Hopefully it’s due to a fantastic drill hole, maybe at Trapper?

      Nov 11, 2021 11:31 PM

      Delighted with the move on Brixton today too!;-)

      Nov 11, 2021 11:40 PM

      I have 100% confidence Brixton will follow from behind and with explosive moves! Mark these words. The charts are telling me the catch up is going to be insane lol..

    Nov 11, 2021 11:20 PM

    Bounced around all kinds of things today…this metal that metal…this company that company…

    Ended up adding to my NG Energy International (GASXF)
    This company sounds like it is going to be good. Natural Gas in Columbia…
    Tidbit Info:
    CEO Serafino Iacono has about 11,186,839 shares
    Frank Guistra has 16,876,230
    According to SEDI reports
    I don’t have as much as they do

      Nov 11, 2021 11:26 PM

      You’ve driven it up 16% with your buying.

    Nov 11, 2021 11:37 PM

    The gold and silver miners ready to beat the stock market for many weeks and probably months to come.
    HUI vs DIA

    Nov 11, 2021 11:49 PM

    Thanks Matthew. My green stocks did more up today than my red ones did down. See if Friday gets more up stocks in all ways.