The general gold trend and the majors bouncing

March 17, 2021

Jordan Roy-Byrne, Founder of the Daily Gold joins us to share his outlook on the general gold trend after this recent rebound. We also take a look at the major miners and the strong bounce just this month.

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

    Mar 17, 2021 17:11 PM

    Thanks guys. Timing great and info valuable.

      Mar 17, 2021 17:26 PM

      Agreed. Good comments from Jordan today, and nice to see a further bounce in the PMs and the miners today, after the Fedbabble.

    Mar 17, 2021 17:42 PM

    Glad I followed my gut and loved the boat Friday before last. ig up day in the producers, ad stocks like GOTRF on fire.

      Mar 17, 2021 17:11 PM

      Yep, Goliath has been on quite a run the last few months. I trimmed my position back some on Monday, but still left a meaningful amount on to ride even higher on good exploration work.

    Mar 17, 2021 17:43 PM

    loaded and loved lol

      Mar 18, 2021 18:33 AM

      That news on Americas Gold & Silver fighting with the Mexican government, unions, and dealing with corruption and potential extortion is deeply concerning. I’ve been a big fan of USAS for a long time, but sadly, until they get this worked out in Mexico, then I’m greatly reducing my exposure to it. What a bummer.

    Mar 17, 2021 17:29 PM

    Well.. Just a day after Doc predicts his infamous “sideways to down” action in the metals, gold and silver are taking off…AGAIN like clockwork. For the love of God, KEREPORT, you are almost just as bad as KITCO. Can we get some better commentators on? We all love Doc when it comes to his opinion on Michigan in the Tournament every year, but when it comes to predicting bottoms in metals, the guy is as bad as Jeffrey Christian. Speaking of which…why the hell do you have that shill on? Can we please have Bob Moriarty and Gary Savage back on the show?

      Mar 18, 2021 18:29 AM

      If memory serves me correctly,Doc has been saying that since January at least…….hasn’t been a bad call so far this year and the down trend hasn’t been broken yet so I’d wait longer than a day to be critical of someone’s call.

        Mar 18, 2021 18:26 AM

        +1 wolf

        The trend has not been broken as of yet.

          Mar 18, 2021 18:26 PM

          I am Officially calling for a BREAK IN THE TREND………. 🙂

            Mar 18, 2021 18:50 PM


            Lol you can officially call it but we are not there yet. 😬 I did give you my man of honour word when my pattern “ which is officially” sacred tells me, you will be the first to know and I will turn bullish. For now we have a date with lower lows let’s let people know the truth before the facts 🙂


        Mar 18, 2021 18:34 AM

        Well-stated Wolfster.

      Mar 18, 2021 18:19 AM

      it is not the first time I was buying when most said sell.

      Mar 18, 2021 18:35 AM

      Ryan, you are obviously correct. Doc is always most bearish and most confident about his bearishness when we should be buying. He was flat out warning people to be careful right at the low. I haven’t seen so much confidence since he decided to short the miners at the worst possible time in early February 2016. He always talks about technical damage (which others here are quick to parrot) yet it has never been correct to worry about such damage since the miners always move up once a low is found.
      At the major low of 2018 and the lows of May and November 2019, Doc was looking for lower prices. At the crash low last year, he thought the miners would go nowhere for the rest of the year.
      The headline from the 11/2019 interview (when everyone should have been buying): LAST WEEK DID SOME SERIOUS DAMAGE TO THE GOLD AND SILVER MARKETS

      Yes, I thought last year’s move up had could have one last push to a higher high (with negative divergences) despite the extreme overbought readings (though that IS when such pushes often happen) but I also said that it was a high risk bet and later mentioned (many months ago) that the possibility had gone away. Since then, the correction has been unusual and that’s probably for many reasons since the world is in uncharted waters in some significant ways. Examples of the unusual behavior: the silver miners had a failed weekly MACD buy signal in January and silver had the same about a month later. The action remains mixed but less and less so lately as bullish developments continue to mount but until we get a broad and powerful move up in the sector OR certain prices are exceeded convincingly, I remain open to more bottoming action/downside drama even though I do think the lows are in place. Maybe the market needs to use up more time as it waits for all the “risk-on” asset classes to top.

        Mar 19, 2021 19:45 AM

        Markets are dynamic and one has to be agile enough to switch lane on a dime. Doc is too focused on his charts and expects market will continue to display the same pattern which has been playing out on his charts. If one follows Doc. he would not make make ANY money in markets. But I still like to listen to Doc. Sometimes I take his opinion to reinforce what general masses are thinking.

          Mar 19, 2021 19:03 AM

          Exactly, markets are dynamic so you have to adjust and be prepared for targets not being met and setups failing. There are always reasons to be in or out and way too many are more concerned about being right than exploiting opportunity and making money.

          It is extremely important to understand the following but few seem to…

          “The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance.”

            Mar 19, 2021 19:31 PM

            That is a great quote Matthew.
            The goal of trading or investing is to make money. One doesn’t need to be always right in order to profit. Also, markets are driven by algorithms and algos are designed to fool you. When a turn comes they are waiting for you to take a position in that direction and then Boom! The switch gets flipped. Your monthly MACD isn’t going to help you then.

          Mar 19, 2021 19:38 PM

          When the XAU was at 70:

          On March 21, 2020 at 3:45 pm,
          RICHARD/DOC says:
          The odds are very good that a lot of these gold and silver stocks bottom between mid April and mid May. I’ve already started to purchase a little of some of them Like the conventional market, I believe that most the PM stock sector will form an L recovery pattern when the carnage is over and the bottoms are reached. Then we will have to wait some time for all the funny money printed to work its’ magic on the PM sector. I don’t believe as some are pushing that there will be this sudden pending demand that will be unleashed to propel the conventional markets to unbelievable heights. There will be a wariness to the market when good news starts to be released. Another factor is the dollar which will probably get stronger over the next 3 months. When the dollar peaks we will begin to look on the other side of the valley with hope. The gold bugs will be depressed but this coming time will be the best time yet to invest in PMs, especially gold producing companies. The prices will be unbelievable. We will have plenty of time to wade into these companies. Cash is king right now. A great example of a pummeled company is FCX which is on my list to purchase in the next few weeks. There are many others on that list. The candy store will be opened but you will have to be patient for the next run in the PM sector.

          On March 21, 2020 at 5:33 pm,
          Matthew says:
          Wariness on the part of the great majority is a feature of all major lows so I’m not worried about that. In fact, it’s necessary for the best moves as we’ve seen over and over again. The HUI and GDX bottomed in late October in 2008 and by late December, just two months later, they were both up about 117%.
          If the miners continue to struggle for an extended period, the actions of all these insane politicians will be the reason.
          — — — — —

          By mid April to mid May, XAU was between 110 and 130…

    Mar 17, 2021 17:01 PM

    Bottom fishing is more art than science. A significant amount of Central Bank shorts have covered. What does that have to do with a rising dollar?

    Mar 18, 2021 18:11 AM

    Ryan. Yes, the Doc and his the MACD is indicating that we should be sideways to down from here. He is always buying on pullbacks after magically selling at ‘the last peak’. Also, don’t get me started on the scottish whisky character and his ‘gold update’.

    Mar 18, 2021 18:23 AM

    Walk down with phony contracts since London open. Pre-open NY hit by phony contracts. Gold opening down by force.

      Mar 18, 2021 18:25 AM

      Same for silver.

    Mar 18, 2021 18:52 AM

    GoGold Drills 7,616 g/t AgEq over 0.8m within 49.1m of 291 g/t AgEq at Casados in Los Ricos North
    Mar 17, 2021, 06:30 ET

    Mar 18, 2021 18:13 AM

    Looks like Sprott bought some more of New Found Gold and Bob Moriarty put out an article saying Sokoman may be the New New Found Gold. Sprott already owns some Sokoman, but he elected to add to NFG. I added to Sokoman as I don’t own NFG.

    Mar 18, 2021 18:22 AM

    Same ol alternating day, alternating stocks algo program since August. The recent few days up, put me in the middle of the 8 month channel I have had.