Jordan Roy-Byrne – Update on Gold’s Drop Today and Inflation Expectations

January 26, 2022

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.

    Jan 26, 2022 26:23 PM

    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.

      Jan 26, 2022 26:12 PM

      Great post! Sounds Sounds so common sense yet it is not to the sheeple.

      You the man Jerry 🤠

        Jan 26, 2022 26:19 PM

        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… 🙂

        Jan 26, 2022 26:24 PM

        Hi Glen …. Ditto.

      Jan 27, 2022 27:49 AM

      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….

        Jan 27, 2022 27:43 AM

        Dang smart dude………… 🙂

    Jan 26, 2022 26:36 PM
    Jan 26, 2022 26:43 PM

    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.

      Jan 26, 2022 26:28 PM

      Hi Lakeedweller2….. Yes gold down $36. … The bastards have to make the Wortless $ look good.

    Jan 26, 2022 26:49 PM

    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

      Jan 26, 2022 26:32 PM

      Hi Mark …. Those of us who are awake , were expecting that to happen…. stupid indeed.

    Jan 26, 2022 26:54 PM

    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.

      Jan 26, 2022 26:16 PM


      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.


      Jan 26, 2022 26:45 PM

      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.

    Jan 26, 2022 26:09 PM

    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.

      Jan 26, 2022 26:13 PM

      I agree…… Lakedweller……. You are more spot on than most….. 🙂

        Jan 26, 2022 26:20 PM

        They let me out on Saturdays to sit on a bench and feed squirrels.

    Jan 26, 2022 26:25 PM

    did anyone listen to the Powell words…does anyone know how that effects precious metals fundementally?

      Jan 26, 2022 26:04 PM

      Larry, I am not worried about the Fed doing anything to hurt the fundamentals that are driving the gold space.

    Jan 26, 2022 26:44 PM

    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

    Jan 26, 2022 26:52 PM

    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

    Jan 26, 2022 26:07 PM

    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?

      Jan 26, 2022 26:19 PM

      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

    Jan 26, 2022 26:18 PM

    Dollar Week : First Target 97.57 : FOMC Effect

    Jan 26, 2022 26:20 PM

    Powell continued his double-speak…

    “Economy no longer needs sustained high levels of monetary support.”


    “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.

    Jan 26, 2022 26:24 PM

    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.

      Jan 26, 2022 26:27 PM

      Hard to dig up………. $8 Trillion in gold over the weekend………… printing is a lot easier…. 🙂

      Jan 26, 2022 26:54 PM

      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.

        Jan 26, 2022 26:22 PM

        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

          Jan 26, 2022 26:19 PM

          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

            Jan 26, 2022 26:36 PM

            Hello Irish…….. thanks for the comment……. I agree with you……. dumb is dumb…..

            Jan 26, 2022 26:43 PM

            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.

            Jan 27, 2022 27:07 AM

            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.

        Jan 26, 2022 26:28 PM

        Right on, Terry. No one’s forcing the sheeple to take on the huge debt that routinely do to live well beyond their means.

      Jan 26, 2022 26:23 PM


      Good comments.

    Jan 26, 2022 26:47 PM

    I’ve been itching to purchase CDE again—I may get my chance soon—-it appears to be ready to break down farther.

      Jan 26, 2022 26:05 PM

      CDE can definitely go up quickly in the environment that is coming.

      Jan 26, 2022 26:22 PM

      Hi Doc….. Go for it …. This tip is free … lol

        Jan 26, 2022 26:33 PM

        Thanks for the advice, Irish, I’ll follow it. Doc.

      Jan 26, 2022 26:49 PM

      Thanks for that heads up Doc.

      Jan 26, 2022 26:32 PM

      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.

        Jan 26, 2022 26:51 PM

        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.

    Jan 26, 2022 26:06 PM

    Inflationary Sentiment Spikes To Record High Among Yelp Reviewers
    Alexandra Semenova – Yahoo Finance – Tue, January 25, 2022
    “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.”

    Jan 26, 2022 26:28 PM

    F 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……………

    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…………………

      Jan 26, 2022 26:56 PM

      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.

        Jan 26, 2022 26:58 PM

        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……….

      Jan 26, 2022 26:34 PM

      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

        Jan 26, 2022 26:02 PM

        “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

    Jan 26, 2022 26:02 PM

    We all remember the “Ides of March” but I would be wary of the “Ides of February”.

      Jan 26, 2022 26:03 PM

      What about the January effect?

        Jan 26, 2022 26:53 PM

        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.

          Jan 26, 2022 26:59 PM

          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.
          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.
          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!

            Jan 26, 2022 26:21 PM

            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

            Jan 26, 2022 26:41 PM

            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. 🙂

            Jan 26, 2022 26:14 PM

            I still haven’t come to terms with “all gaps have to be filled”.

    Jan 26, 2022 26:38 PM

    Asian Shares Slump As Powell Warns On Inflation
    Andrew Galbraith – Reuters – Wed, January 26, 2022
    “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.”

    Jan 26, 2022 26:17 PM

    Let’s have a good finish to the week and upset The Fed.

    Jan 26, 2022 26:11 PM

    Anglo Asian Mining plc – Strategic investment in (LBC) Libero Copper & Gold Corporation
    26 Jan 2022
    “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.”

    Jan 26, 2022 26:47 PM

    Bitcoin Price Drop Stings for Athletes Taking Salaries in Cryptocurrency
    Nick Selbe – (01/26/2022)

      Jan 26, 2022 26:00 PM

      Odell Beckham Jr. may get stung with a big tax bill based on original value of his bitcoin salary.

        Jan 26, 2022 26:03 PM

        Well, it was a risky bet to opt to get paid in cryptos….
        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…

    Jan 26, 2022 26:01 PM

    (MUX) McEwen Mining: Fox PEA – Higher Production, Longer Life
    26 Jan 2022

      Jan 27, 2022 27:35 AM

      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.
      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.

    Jan 27, 2022 27:21 AM
    Jan 27, 2022 27:47 AM

    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.

      Jan 27, 2022 27:37 AM

      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.

        Jan 27, 2022 27:51 AM

        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.
        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.

          Jan 27, 2022 27:03 AM

          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.

            Jan 27, 2022 27:53 AM

            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.

            Jan 27, 2022 27:04 AM

            Ditto ………lakedweller……….. been that way for a long time……….

    Jan 27, 2022 27:55 AM

    Video: Why Crashing Inflation Expectations is Bullish for Gold & Silver
    Jordan Roy-Byrne CMT, MFTA – January 25, 2022

    Jan 27, 2022 27:49 AM

    (PGM) PureGold Announces Equity Financings for Total Proceeds of C$25 Million; AngloGold Ashanti Proposes to Increase Ownership to 19.9%
    27 Jan 2022

      Jan 27, 2022 27:08 AM

      Here we go again. Sounds like pgm is being held to perpetual ransom???

        Jan 27, 2022 27:21 PM

        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.

    Jan 27, 2022 27:04 AM

    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

      Jan 27, 2022 27:36 AM

      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……

        Jan 28, 2022 28:38 AM

        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!!!

          Jan 29, 2022 29:02 AM

          Thanks for the reply………. have a good trip……… best

    Jan 27, 2022 27:33 AM

    We need some of that end of month window dressing in here.