Jordan Roy-Byrne – Update on Gold’s Drop Today and Inflation Expectations
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us for a quick update on the recent action in gold that has drifted slightly lower from the mid week pop last week. This ties into a discussion on inflation expectations that Jordan says he sees as declining. What this all means for the Fed and the upcoming rate hike cycle is important, as long as it plays out.
Click here to visit The Daily Gold website and keep up to date on Jordan’s technical outlook.
Great post! Sounds Sounds so common sense yet it is not to the sheeple.
You the man Jerry 🤠
Thank you kind sir GLEN…… for commenting…… appreciate …..
I am just on one of my daily rants……….. The Orphan Section has been kind of SLOW… 🙂
Hi Glen …. Ditto.
this guy thinks like Jerry……this guy drinks your cool aid….RAMP PANT inflation sponsored by fed banksters…lmao….star trek the ‘Kobayashi Maru””’ blah blah test’ no solution exists….
Dang smart dude………… 🙂
Worth a read…………. On the game plan….. 🙂
https://www.zerohedge.com/news/2022-01-26/inflation-kryptonite-will-end-monetary-policy-ponzi-scheme
Fed talk; -10 on a scale of 1 to 10
Gold down $36 at the moment. Was that because inflation is bad or that they were not going to do anything about inflation. I have a meeting with an algo and want to phrase the question right.
Hi Lakeedweller2….. Yes gold down $36. … The bastards have to make the Wortless $ look good.
What a stupid day…Everyone knew exactly what the Fed was going to do and say and yet Gold tanks after the meeting as though something surprising happened. Nothing has changed from yesterday. Stupid
Hi Mark …. Those of us who are awake , were expecting that to happen…. stupid indeed.
If inflation is so bad and everyone is panicking over it then why is gold down, maybe the big money knows it’s just temporary due to everyone getting out of world lockdowns in 2020 and easy money to help with covid everybody has money to spend and demand is up, once supply issues get better and people stop spending like drunken sailor’s inflation will come down, so gold is going nowhere.
Paul,
Your answer will be simple! The longer they hold the fort the The more explosive the move will be and everything has its time making money or change of pendulum requires patience why only 3% to 5% of investors make money.
Glen
Hi Paul …. Its a boxing match , the Fed Owns the ring , So their refferee gave mittens to the strong gold corner , & heavy lead filled gloves to the wimpy $ corner & they decided who would win at the final bell.
IT’s all FECKING FIXED…. & they expect you to live with it…. because they see us as the SUCKERS.
I think inflation is so bad and the government debt, personal debt and off balance sheet derivative debt is so bad they can’t inflate fast enough and keep going the transfer of the US Treasury Game to the banks and corporations, both domestic and foreign, that they have to spend all their waking hours fabricating a script and algo play to keep the masses from looking the right way until it all crashes in…causing a worldwide reset and new holders of the Reserve Currency. Recognizing they will be hung in the town square when that occurs, they are stalling as long as they can, intervening as much as they can while packing what they can to live offshore for the foreseeable future.
Might not be exactly correct, but not far off from a factual interpretation of the current situation.
I agree…… Lakedweller……. You are more spot on than most….. 🙂
They let me out on Saturdays to sit on a bench and feed squirrels.
did anyone listen to the Powell words…does anyone know how that effects precious metals fundementally?
Larry, I am not worried about the Fed doing anything to hurt the fundamentals that are driving the gold space.
China doesn’t want to sell their manufactured items to The US. anymore. The Americans just print money sit on their fat behinds and laugh. The game is up, what was the trade deficit, 2 trillion $’s. Uncle Sam can’t print money fast enough, but the buying power can’t recover because American money is worthless. LOL! DT
There was a time not too long ago when Uncle Sam would send their best financial minds to other countries to teach bankrupt states how to handle their finances. The rest of The World should now send representatives to America to show them how to bail out their failed economy. DT
The question for the FED now is whether they bail out the middle class from inflation or the wealthy from asset devaluation? Do they continue to socialize the wealthy’s losses and privatize their profits?
The real question doc imo respectfully Is will the fair continuous course? Absolutely yes which means they are all in and civil unrest and revolutions around the world most probably in the US will commence in very short order we are already having that in Canada
Dollar Week : First Target 97.57 : FOMC Effect
https://saturationtiming.blogspot.com/2022/01/dollar-week_26.html
It has turned bullish and could top 98. Falling stocks can make it happen quickly.
UUP
https://stockcharts.com/h-sc/ui?s=UUP&p=D&yr=1&mn=7&dy=0&id=p08300671928&a=1103526819
It is currently at important resistance that looks set to fall easily…
https://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=4&mn=1&dy=0&id=p37750682280&a=1103528047
Matthew,
Not sure if you heard one of my post previously a few days ago in regards to the CAD and putting in a monthly dojo.
Guess what it’s actually doing that and once again I will stick my neck out and say we are very close to turning and I still believe we are going to have explosive moves in February and March.
Today was a huge buying opportunity for the gold/silver miners and not cause for alarm. I remain just as bullish the Canadian dollar as I have been and a rising USD index doesn’t change that since the buck is primarily rising against the euro which is extremely overweighted in the index.
Tomorrow is likely to be good for the metals and the miners as well as the loonie.
Hi Matt,
3 days ago R sold all positions in gold and silver then bought loads of 2 x and 3 x leveraged shorts on financial s. Sounds like he then sold them yesterday….and today he bought, boil,gush, soxl and erx to name a few. I guess he still believes there is danger in the PM space.
Interesting, thanks!
Nat Gas is interesting here…
https://stockcharts.com/h-sc/ui?s=%24NATGAS&p=W&yr=3&mn=3&dy=0&id=p75015754830&a=1082379218
BUT I doubt it will be up, up and away soon.
https://stockcharts.com/h-sc/ui?s=%24NATGAS&p=D&yr=1&mn=3&dy=0&id=p81502868101&a=1065248041
It’s probably a good buy for weeks/months out.
https://stockcharts.com/h-sc/ui?s=BOIL&p=W&yr=3&mn=11&dy=0&id=p77935920814&a=1065572127
the way my /NG day chart is playing out…i will consider 4.127 the TAS profile top as important support going forward…if my grn. dashed down channel is correct price should hit that then retrace back to TAS or to the up sub-channel border near 4ish…..glta
Powell continued his double-speak…
“Economy no longer needs sustained high levels of monetary support.”
BUT…
“Of course, the economic outlook remains highly uncertain.”
And for those hoping for the Fed Put, Powell curb-stomped that idea being anywhere near:
“Asset prices are somewhat elevated,” Powell says.
They don’t now pose a threat to financial stability, he says.
Somewhere back in time, Greenspan, Robert Rubin, and Larry Summers and many others , got it in their heads that Physical Gold was a threat to unbacked fiat currencies because every unbacked fiat currency in the World had failed. When they are backed by Gold they noted that as those fiat currencies went down, physical Gold went up.
Since physical Gold was finite and serfs like us could own it, that would some how cut into money printing (counterfeiting) and finding good ol boy activities to pass their funny money on to.
So they wrote academic papers, made government policies, held meetings, made speeches, blocked public audits, and basically gave Gold a bad name. They did that mostly in the capacity of representing the Public but their real agenda was transferring wealth to the Private sector. Once there was an unbacked currency without restriction or regulation, counterfeiting ran rampant and Physical Gold and the production of Physical Gold had to be pooh poohed at all cost… which led to the Federal Government steering their regulators away from “Regulating” , bogus price setting organizations like the Comex or the LBMA and eventually the Exchanges and then World-Wide banking system through things like Glass -Steagall or the “Various Economic Control Acts” designed to protect against the criminality of the Depression Era. In order to protect the New Age Criminals they passed new Acts like Citizens United or Dodd -Frank, etc.
So what does that have to do with inflation and physical gold. Well Inflation reflects the declining value of the dollar. And so does gold because it has value with no counter party risk. But if Gold were allowed to seek its true value than that would be a “red flag” that counterfeiting and theft was out of control. That may incite the people to press their criminal political representatives to stop the crime as it steals the people’s wealth. And …when the crimes get so serious and the people begin to want action against the criminals and their enablers, then There is a movement to get rid of Democracy as any form of authoritarian government does not have to respond to the people any more because their freedom and rights are no longer recognized.
And that is why Gold cannot rise directly in response to inflation and is prevented from doing so, particularly by our privately owned Federal Reserve and Member Banks as they profit from all the mechanisms created to support an unbacked fiat currency system.
Hard to dig up………. $8 Trillion in gold over the weekend………… printing is a lot easier…. 🙂
The rich can buy all the gold they want out of petty cash and the serfs only want pickup trucks, Apple phones and garbage food with whatever USD they can scrape together.
Pick Up Trucks for the sheeple……. at $50K ……. really stupid……… lol
Goes to show how many idiots running around in deprecating asset(not really an asset, just said that to have some sheeple with a big rig feel good…. lol
Hi Jerry … Stupid people buying over priced crap , that they dont need, & getting themselves into dept for the trill of impressing their neigbours. Me I own a 2002 Honda Jazz Hybrid , bought second hand 4 years ago for £8,500 29000 thousand on the clock , one previous owner, full service history, & it will last me till the day i kick the bucket…… I f***ing love a bargin…. LOL
Hello Irish…….. thanks for the comment……. I agree with you……. dumb is dumb…..
irishtony, well educated middle class leaving those pickups on the lot and shopping more carefully as you do, can break the back of this system and the mess it’s created.
On the topic of buying crap, my wife just had a bidet installed in our ensuite. Now I don’t know how I managed not having one in my previous life.
Right on, Terry. No one’s forcing the sheeple to take on the huge debt that routinely do to live well beyond their means.
Lakedweller2,
Good comments.
I’ve been itching to purchase CDE again—I may get my chance soon—-it appears to be ready to break down farther.
CDE can definitely go up quickly in the environment that is coming.
Hi Doc….. Go for it …. This tip is free … lol
Thanks for the advice, Irish, I’ll follow it. Doc.
Thanks for that heads up Doc.
Hey Doc,
Great call a few weeks ago regarding the conventional markets! It was “right on time”.
Good comments throughout the year, Doc.
Much appreciated are You.
Chartster, thank you. I’m afraid volatility is just starting in the conventional markets and things could get very ugly over the next weeks and months. More and more folks are finally coming to the realization that a good “ole” recession is on the horizon. Cash position is the best place to be since a large number of asset classes as mentioned in the past are going to feel pain. Uranium stocks are also beginning to fall apart. I wouldn’t be surprised to see even copper start to knuckle under in the near future.
Inflationary Sentiment Spikes To Record High Among Yelp Reviewers
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Alexandra Semenova – Yahoo Finance – Tue, January 25, 2022
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“Customer reviews on Yelp reporting higher prices on goods and services surged to a record, pointing to an elevated number of consumers who feel the strain of rising inflation in their interactions with local businesses. But sentiment didn’t appear to deter consumers from wanting to spend money at local establishments.”
“According to data from Yelp, reviews mentioning price increases at mom-and-pop operations reached a five-year peak in the fourth quarter of 2021.”
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https://finance.yahoo.com/news/inflationary-sentiment-spikes-to-record-among-yelp-reviewers-report-finds-050109943.html
F WALMART…………………..
https://www.zerohedge.com/political/unvaxxed-canadians-denied-access-walmart
The basta— have been evil since the beginning of their take over of all the mom and pop stores……
Anyone shopping at WALMART, has to be a moron at this point………… WAKE UP SHEEPLE……………
RE VOLTING……
Unvaxxed Canadians Denied Access To Walmart
Actually this is good news………. Walmart going the way of SEARS…….. they just do not know it yet……
Short the basta….s…………………
Jerry, don’t forget that it’s the government that gives the likes of Walmart their ability to screw over anybody. Due to the nature of their jobs and the oaths they’ve taken, politicians have betrayed the people far more than anyone in the private sector could.
Ditto……… I agree……… thanks for the thoughts………. Politicians have absolutely betrayed the people
I just hate WALMART………… I have only been in their stores….less than a dozen times , since they opened……….
The policy regarding vaccination cards for Walmart is only applicable for Quebec residents, not the rest of Canada. If you think that’s bad and it is, Quebec also fines their citizens who aren’t vaccinated. DT
“What do you call it when someone steals someone else’s money secretly? Theft. What do you call it when someone takes someone else’s money openly by force? Robbery. What do you call it when a politician takes someone else’s money in taxes and gives it to someone who is more likely to vote for him? Social Justice.” — Thomas Sowell
We all remember the “Ides of March” but I would be wary of the “Ides of February”.
What about the January effect?
EX, the January effect is now in full force—-it used to be said that as the first week of January goes, so goes the month. As the month goes, so goes the year. That’s what I relied on when I shorted the conventional market in the first week of January.
Thanks Doc. Yeah, I’ve heard the adage “So goes January so goes the year” before as the January Effect, and just wandered what your thoughts are, as the month has progressed but is still not over.
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January is also the strongest month for PMs on the 30 year, 15 year, and 5 year seasonality charts, and while we did see a nice bump in the gold and silver stocks on Wednesday last week, and then a nice move up yesterday in Gold to $1852, that was all given right back again in both cases.
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We have sure seen a lot of volatility in the general markets, bonds, cryptos, and PMs to kick off the year, so it is going to be a wild year if the January Effect holds true. Cheers!
Doc and Ex, before you two put too much emphasis on the January effect, remember the super bowl indicator is also in play as to how the market does in 2022. LOL
Good one jonsyl. I actually don’t personally put too much emphasis on the “January Effect” but there are many traders that do. Doc had mentioned it in our last interview with him, as did Joel Elconin, and Marc Chandler, so I just wanted to get Docs thoughts on it since he also brought up the “Ides of March” and the ““Ides of February.”
We’ll now be looking for the “Superbowl Effect” though since you have brought that up, then the PDAC Curse, then the Spring Fling, then the Summer Doldrums, then the October Surprise, then the Fall Rally, then Tax Loss Silly Season, and then the Santa Clause Rally…. and that should wrap things up for 2022. 🙂
I still haven’t come to terms with “all gaps have to be filled”.
Asian Shares Slump As Powell Warns On Inflation
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Andrew Galbraith – Reuters – Wed, January 26, 2022
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“Asian shares fell to their lowest in more than 14 months, short-term U.S. yields rose to 23-month highs and the dollar strengthened on Thursday after the Federal Reserve’s chairman signaled plans to steadily tighten policy.”
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https://finance.yahoo.com/news/asian-shares-slump-powell-warns-021956887.html
Let’s have a good finish to the week and upset The Fed.
Anglo Asian Mining plc – Strategic investment in (LBC) Libero Copper & Gold Corporation
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26 Jan 2022
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“Anglo Asian owned 5,600,000 common shares of the Issuer and 2,800,000 common share purchase warrants of the Issuer prior to the Subscription. Following the Subscription, it is now the beneficial owner of 12,600,000 Common Shares and 6,300,000 Warrants, which together represent approximately 27.07% of the issued and outstanding common shares of the Issuer on a fully diluted basis.”
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https://ceo.ca/@newswire/anglo-asian-mining-plc-strategic-investment-in-libero-7b98a
Bitcoin Price Drop Stings for Athletes Taking Salaries in Cryptocurrency
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Nick Selbe – (01/26/2022)
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https://www.msn.com/en-us/sports/nfl/bitcoin-price-drop-stings-for-athletes-taking-salaries-in-cryptocurrency/ar-AATbvnd
Odell Beckham Jr. may get stung with a big tax bill based on original value of his bitcoin salary.
Well, it was a risky bet to opt to get paid in cryptos….
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It also makes one wonder about a car company like Tesla accepting payment in Bitcoin or Dogecoin, and then watching that value get chopped in half in 2 months. The purchaser would make out like a bandit, and the car lot would see their capital (crypto wallet) halved. Crazy…
(MUX) McEwen Mining: Fox PEA – Higher Production, Longer Life
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26 Jan 2022
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https://ceo.ca/@nasdaq/mcewen-mining-fox-pea-higher-production-longer
Karora(KRR) beats gold production record in 2021.
Karora has been doing solid work to grow and expand production and their resources through successful exploration for the last year+. They have been a bright spot in my portfolio as it relates to precious metals producers.
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As mentioned a few times over the last few months, I see Karora, Calibre, Superior, I-80, Steppe, and Minera Alamos as some of the best growth-oriented gold producers in the smaller mid-tiers. I still really like Jaguar too, but they don’t have as aggressive of plans to expand their production profile over the next 2 years as the other aforementioned companies. I did really like Argonaut too until they made a cluster of the cost estimates for Magino… such a shame on that one.
Dollar Week : Breakout : Gap Will Fill
https://saturationtiming.blogspot.com/2022/01/dollar-week_26.html
Well, Gold went back under $1800 in overnight trading down to $1797, but has recovered a little bit back up to $1807.
That trip up higher to $1854 on this Monday the 25th sure didn’t last long before getting faded.
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https://schrts.co/MevuSICH
The dollar strength is opposite to what most touted here only days ago. I’m watching break of dxy above 97 as fake out or a breakout. To tell the tale on gold’s immediate move.
Anything close below a day or two of 1760 would be nasty.
Yes, the US Dollar is stronger today up to 97.27, so that is likely further pressuring the PMs beyond the Fedbabble from yesterday’s meeting as a further headwind.
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So far Gold is only down to $1795, so that would a big move if it were to go down and close below $1760 today as you are suggesting.
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https://www.investing.com/commodities/real-time-futures
EX, doesn’t have to be a close below 1760 today, just a continued slippery slope of hope, however a crash below would really shake out the perennial gold bulls.
There simply is no interest in gold, and hasn’t been with all the bullish fundamentals for more than a year.
There is no interest in the miners or physical as long as every uptick is hit with greater down tick. It has nothing to do with interest or volume it has to do with intervention.
Ditto ………lakedweller……….. been that way for a long time……….
Video: Why Crashing Inflation Expectations is Bullish for Gold & Silver
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Jordan Roy-Byrne CMT, MFTA – January 25, 2022
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https://thedailygold.com/video-why-crashing-inflation-expectations-is-bullish-for-gold-silver/
(PGM) PureGold Announces Equity Financings for Total Proceeds of C$25 Million; AngloGold Ashanti Proposes to Increase Ownership to 19.9%
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27 Jan 2022
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https://ceo.ca/@nasdaq/puregold-announces-equity-financings-for-total-proceeds
Here we go again. Sounds like pgm is being held to perpetual ransom???
I’d been mentioning Anglogold Ashanti may be eyeing Pure Gold as a takeovet on the last 2 financings… similar to the track they took with Corvus last year. Now this increase in their strategic stake makes that seem even more likely.
heya OOTB and all! Haven’t been around.
As I was saying long time ago. NOT bullish on gold. Juniors are dreadful.
Hey ootb Jerry ! My RE assessment’s are up 30-43% so pow! inflations been great for adding millions in equity! AND my rents are all going UP! Love the RE..
Working on building mini storage now. those are cash cows….
Cheers and happy New Year
Hello Bill……….
I was thinking of you yesterday…….
Yes indeed……. I am loving the real estate action as well…
I think we will continue to see real estate doing fine…… I do not see rates going up much, people can not stand the higher mortgage rates, … and politicians need the votes…. of the working stiffs….
Sounds like you are in the sweet spot for now , and doing great. Glad to hear it.
Anyone that can should have some extra real estate,…. because it will continue to go UP,….like it has forever…… Not saying there will not be bumps in the road….
Chinese ownership is 91%……… US…… 62%…….. of course the chinese only are buying air space,
So, … the drivers for more ownership is certainly there….. JMO
Thanks for popping in……… always glad to hear from you….. Stay safe……
Cool OOTB. I think your spot on there. Their trapped with large debt everywhere and they don’t want to blow everything up. Were kinda in never never land with the markets. RE did the opposite of what we thought with covid. It just goes to show you timing in and out is dangerous..
Just sitting in the weeds now. Houses are a poor investment these days. poor return for the investment capital input. The commercial stuff great because there’s no controls on rent increases and as cost rise that gets added to their op cost. I don’t have to absorb it.
Just heading to Ferndale to see my sis and bro in-law. Its been 2 years. Boarder should be interesting.
Ok good chatting all the best stay safe!!!
Thanks for the reply………. have a good trip……… best
We need some of that end of month window dressing in here.
LOL………….. Fed is so far behind, the sheeple still watch this moronic showing of the dog and pony show……. pathetic at best…. Haves and Have Not…… and all the cash went to the rich…..
NOW What,……… more sleepy sheeple caught up in the stupidity …. TICKING time bomb……
The Fake FED has stole all the asset via inflation…….. to stupid for words., problem is we got stuck with the bill…………. $30 TRILLION.. not counting the other stuff…… Pentagon missing $90 Trillion.Plus……
Printing is not going away, any time soon……..
Crash the dollar, …. or crash the market…… Both are not in good shape…… and the idiots in congress do not have a CLUE.