Jordan Roy-Byrne – Downside Support Levels In Gold & Silver, Inflation, Real Rates, And Fed Rate Hikes

Shad Marquitz
December 15, 2021

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to outline some key support levels in gold and silver should the precious metals sector continue correcting down.  While Jordan can see the small support levels in gold at $1750, and the recent low at $1721, he feels the $1675 level tested three times this year is more significant, followed by the 40-month moving average around $1620, and then the 50% retracement down to $1565-$1570.  In Silver Jordan is still looking at $18.70 as key support.


The discussion then shifts over to the macro outlook, where Jordan expects inflation to start coming down, compressing how negative the real rates are, and the rate of change of inflation coming down will keep a lid on the precious metals and the commodities.  He outlined that gold is the leader and has corrected for a year and half, and that other commodities like copper, base metals, and oil already peaked for the year running up to 10-year resistance levels, and he believes they won’t be breaking higher next year, and need to consolidate before making the next move higher in the longer term pattern for commodities.


 Jordan wraps us up with some scenarios he is looking for in gold and the general stock markets once the Fed starts hiking rates next spring. He believes the general stock markets could still run higher for up to 12 months after the rate hikes begin, but conversely sees the potential of corrective move in the stock market next year should growth start to slow, and prompt more government stimulus.

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

    Dec 15, 2021 15:00 PM

    Thanks guys again. Good stuff. Keeps us thinking during these transition periods.

    Dec 15, 2021 15:15 PM

    SPQ(PE) :
    Some bottoms may have formed.
    Follow through is essential.

    Dec 15, 2021 15:45 PM

    Hey Jordan you selling to raise cash in your portfolio or you going to watch all gains given back like you did in March 2020 only to go to 100 PCT cash for couple weeks and buy back same stocks just to zero out portfolio.
    Funny if you look at your archives and see portfolio in February 2020 most stocks you show entry bought date of 2025, 2016 etc, now look at portfolio in June 2020 all have entry bought dates of March April 2020 just so you could now show gains off pandemic lows but don’t have to show you gave back all gains on those stocks while you watched gold tank and you gave all gains back. Explain, if that a real cash acct portfolio why would anyone not be selling and raising cash when gold was tanking and preserve profits ???

      Dec 15, 2021 15:56 PM

      Strange way to communicate

    Dec 15, 2021 15:19 PM

    Aussie U miners up 8-9% at Thursday close. 1164:HK up 5% Thursday early afternoon.

      Dec 16, 2021 16:44 AM

      Yes ….I’ve started looking at quotes for paladin sometimes when I go to bed or when I wake up just to know how uranium is trading down under….up over 11%…. didn’t nail the bottom but in the green again on my short term holding and looking forward to today’s trading.

    Dec 15, 2021 15:50 PM
      Dec 15, 2021 15:06 PM

      Matthew – Stay tuned for the segment with Doc that I’m going to post in just a minute, where we discuss Hecla and Doc lays out his medium term technical picture. I’d be curious to get your take on it, especially after looking at the chart you just posted.

    Dec 16, 2021 16:22 AM

    I haven’t had a chance to listen but my outlook is simple. We have probably seen a low and the move that follows will be very worthwhile. The bears probably have until Friday to make something happen. I want HL to finish the week no lower than 4.88 but much higher is much preferable. If the obvious support around 3.50 is to be reached later on, silver will probably have to fall 10-12%. Big predictions about weeks or months in the future can be detrimental to doing the right thing in the present so I’ll happily leave that to others (as I should have all along).

      Dec 16, 2021 16:37 AM

      Makes sense. Thanks for sharing those price levels Matthew. Yes, agreed, it comes down to trading time horizons, because focusing on medium to longer term trends can miss out on accretive short-term trade set-ups.

        Dec 16, 2021 16:05 PM

        I agree EX. I’m looking good with Thursday close on HL. WHAT REALLY HURTS, I MISSED THE NFGC LOW TODAY BY A PENNY

    Dec 16, 2021 16:31 AM

    It would be a great sign if silver is significantly higher by Friday’s close and probably needed to make next week a great one (based on the current not-so-great looks of the weekly chart oscillators). Today’s low did happen where it should have…

      Dec 16, 2021 16:59 AM

      Excellent comments Matthew. So far…so good…

    Dec 17, 2021 17:33 AM

    I have been a follower of Jordan for some time. I like his analysis very much.
    Recently, he has been mentioning, on various different platforms, that a FED rate hike could be the trigger for the next gold bull run.This week’s Fed announcement may have been in effect that rate hike, given the move the price of gold.