Jordan Roy-Byrne Sees Silver, The Silver Mining Stocks, And The Commodities Remaining Under Pressure

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to share his technical outlook on silver,  gold, and the precious metals mining stocks.  We start off discussing the longer-term monthly charts of silver and the silver mining stocks using the EFT (SILJ), and that both failed at longer term moving averages and haven’t been able to break out of their trading ranges.  Jordan noted that most commodities already peaked earlier in the year, the dollar has been rising, and this will likely keep pressuring Silver as well.   He outlines the bearish sentiment in bonds had reached an extreme oversold reading, and expects to see more of a move back into the bonds, forcing yields lower as the Fed tapers.   Despite the bearish backdrop for both silver and the commodities in the short-term, Jordan still sees the longer-term secular trend heading higher on a longer time frame.

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

    Dec 01, 2021 01:05 PM

    What May Prove Truly ‘Transitory’ Is FAAMG’s Record Growth
    Jesse Felder – The Felder Report – 12/01/2021
    “It’s common knowledge now that Big Tech dominates the broad stock market like never before. As Bianco Research recently demonstrated, if FAAMG were its own sector it would comprise a larger share of the S&P 500 Index than any sector has in the past and by a wide margin. Certainly, the structural nature of passive indexes contributes to this effect of the big growing ever bigger, especially at a time when inflows have surged in an entirely unprecedented way (and even if they appear to now be decelerating).”

    “The chart below plots the aggregate price-to-sales ratio for FAAMG (Facebook – now Meta, Apple, Amazon, Microsoft and Google – Now Alphabet) along with the year-over-year growth of aggregate sales. Clearly, there is some relationship here between sales growth and valuations; when the former rises the latter follows and vice versa. And over the past year, sales growth has soared leading to record valuations. However, according to analyst estimates, sales growth for this group is set to decline in a dramatic way over the next few quarters which could pressure these extreme valuations.”

      Dec 01, 2021 01:53 PM

      I’m not so sure these big corporations care about their balance sheets, with access to limitless amounts of funds from governments, drug trade and scams that most people wouldn’t dream of or consider.

    Dec 01, 2021 01:39 PM

    Gwen Preston – Gold and Uranium: Forecast and Stock Picks for 2022

    The Jay Martin Show – Nov 28, 2021

      Dec 01, 2021 01:45 PM

      Justin Huhn – Last Minute Update For What’s Coming – Uranium Investing
      I Love Prosperity w/ Jake Ducey – Nov 28, 2021

    Dec 01, 2021 01:41 PM

    Vince Lanci – The State Wants Modern Monetary Theory Now: How To Protect Your Wealth
    The Jay Martin Show – Nov 24, 2021

    Dec 01, 2021 01:59 PM

    A New Commodity Squeeze Could Soon Rival Lumber’s Recent Historic Shortage
    Bloomberg News – December 1, 2021
    “Tin is in the grips of one of the longest-running squeezes ever seen in commodities markets, and there’s little sign of it letting up.”

    “A relatively small market — used mainly for soldering in electronics — tin is often overshadowed by metals like copper and aluminum that are more widely used in manufacturing, infrastructure and the green-energy transition.”

    “This year, though, tin has been red hot. Demand is booming and supply is sputtering, creating a chronic shortage of metal that’s been exacerbated by global logistics snarl-ups. Tin has surged more than 90% to all-time highs on the London Metal Exchange, while near-dated contracts have been trading above futures for almost an entire year on the LME, in a condition known as backwardation that’s a hallmark sign that spot demand is exceeding supply.”

    Dec 01, 2021 01:43 PM

    I respect Jordan and ex for posting him constantly. I have learned Jordan changes underwear like old cloth from a kitchen. Everyone has there opinion and I’m no different but Jordan sells subscriptions I don’t. Back and forth backs and forth is failure I’m my opinion In investing.

    To each there own! If he makes money good for him. He is rational at times but just ships way to many.

    Everyone in here 95% bear I remain a bull from the moment I said two 2/3 months ago miners bottom not gold. Is the only thing I care about miners not the metal. Of course I need shiny up but they have shorted the miners naked and fraudulent imo distorted forks and charts and when they want they will have no choice up we go. What goes up must come down and vice versa. Currently to many bears way to many

    Dec 01, 2021 01:31 PM

    Gold has fully corrected its vertical move of early November as it perfectly reached fork support yesterday. If we get a lower low tomorrow it will probably result in a good reversal.

      Dec 01, 2021 01:47 PM

      Thanks Matthew keeps those charts coming.. bring out the best you have they truly help make me think and give good clarity. Also this is has to be one of the longest corrections I have seen besides the 2011 top. I can only fantom when this does really finally go up it will have to be either explosive or impressive..

    Dec 01, 2021 01:37 PM
    Dec 02, 2021 02:39 AM

    Why Inflation Is a Runaway Freight Train
    Charles Hugh Smith – Of Two Minds – November 29, 2021
    “Inflation, deflation, stagflation–they’ve all got proponents. But who’s going to be right?”

    “So proponents of inflation and deflation can always offer examples supporting their case. The stagflationist camp is delighted to offer a compromise case: yes, there are both deflationary and inflationary dynamics, and what we have is the worst of both worlds: stagnant growth and declining purchasing power…”

      Dec 02, 2021 02:07 AM

      In general, many people are missing the key point in the inflation/deflation/stagflation debate, and that is what the cause and definition of inflation and deflation are. Inflation is an expansion of the money supply, and deflation is a reduction in the money supply. Period.

      The increase in the money supply equates to a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy. Those price increases are symptoms and effects of inflation as rising prices, rising wages, rising energy costs, etc…. but the inflation is due to an increase in the money supply. Why is that such a hard concept for so many to grasp? Have the central banks increased the money supply the last few years? (you’d have to be braindead or in denial to answer no). By default the increase in money supply is crystal clear inflation, and none of that has to do with supply chain issues in California or the base effect because of a pandemic shut down into a reopening trade.
      There can also be an increase of prices in a flat period of monetary policy, that is not inflationary, like the 1950s, that are due more to supply chain issues or other factors. So rising prices are a symptom in inflation, but can happen regardless or for other reasons. Inflation can’t, it is always from and expansion of money suppy.
      Likewise there can be a decrease in prices, or even a correction in the stock markets, and it not be deflationary or “disinflationary.” There can be a depression or a recession (from inflation or stagflation) that results in a market crash, and that doesn’t mean now things are suddenly deflationary. The only way things become deflationary is if there is a reduction in the money supply. Has anyone seen that happening since the Great Financial Crisis of 2008-2009? Does anyone suddenly expect there to be a big reduction in the monetary supply anytime soon? (That’s a laughable proposition, but it would be required for there to be deflation).
      Even this tapering discussion being bandied about as “tightening” is misleading. Hiking rates is tightening, but tapering is not, and is just reducing the amount of the “emergency” accommodative purchasing of bonds each month and swelling the balance sheet by a little less than previous months. The central bank is not reducing the balance sheet, but just the opposite – they are still growing it and creating magical funny money from out of nothing, and increasing the money supply further as they are tapering. That isn’t tightening, and is still inflationary, not deflationary. The increase in government stimulus programs is more money creation and also inflationary.
      The more Trillion dollar stimulus bills that get passed, the more PPP loans to small businesses and helicopter money checks sent directly to citizens, the more the debt ceiling is raised, the more the government budget is increased, the more magical money will be created to fund it all… and they claim it costs nothing, because we can just print more money. The issue is, that an increase in the money supply is inflationary by definition.
      This is why it was crystal clear in 2020 that inflation would be rearing it’s head, and why the first time it was justified by Fed apologists as possibly being “transitory” was just as laughable from day 1 as it is today. So many people suggested we “wait a few months and see if it is transitory”… but that missed the whole point of what inflation is entirely. By definition, it couldn’t just be transitory, unless they only increased the money supply for a few months, and then quickly reduced the money supply by the same amount. That would have been transitory, but only that.
      Sure there were supply chain bottlenecks, due to 2 years of terrible political lockdown policies the screwed the global pooch as far as distribution lines. Sure there were base effect issues of total lockdown in 2020 to reopening in 2021. However, all of that is a side theater to the main attraction – the increase or decrease in the money supply. Everything else, including prices, and wages, and energy, and reactions in currencies are symptoms, but are reactions and not the cause. Money supply is the prime mover of the inflation deflation debate, always has been, and always will be.

        Dec 02, 2021 02:26 AM

        The best inflation hedge..have a good wife/partner..and treat them well.

        Dec 02, 2021 02:49 AM

        The Quality of Money may supersede its Quantity.

          Dec 02, 2021 02:55 PM

          I’m thinking it is more like the quantity of new money is pressing down on the quality of money (and it’s purchasing power).

    Dec 02, 2021 02:17 AM

    Almost recovered Gold after early attack last night. But trying again this AM. A little over an hour to dump more phony contracts…or not.

      Dec 02, 2021 02:55 AM

      Premarket dump continues. Client (probably The Fed) of the Bullion Banks loves low volume, lack of up-tick rule, front running and sequential trading to guarantee lowest prices. Now why would anyone repetitively trade that way unless they had unlimited funds. Who has unlimited funds?

        Dec 02, 2021 02:38 AM

        Right they have unlimited funds, partly our tax dollars being used against us.

    Dec 02, 2021 02:10 AM

    Meet Mexico’s newest precious metals producer — Guanajuato Silver
    by Peter Epstein, MBA – Dec 1, 2021
    “In October, Guanajuato Silver Company Ltd. [GSilver] (TSX-V: GSVR) / (OTCQX: GSVRF) announced that its first shipment of precious metals concentrate from the newly refurbished, 100%-owned El Cubo mill in central Mexico.”

      Dec 02, 2021 02:39 PM

      A little IPT, a little SCZ and now some Guano(bird shit) to complete the Mexican silver triumvirate.

        Dec 02, 2021 02:53 PM

        Yes – IPT, SCZ, and GSVR make a nice trio of smaller growth-oriented silver producers.