Jordan Roy-Byrne – This Is Not The Same Macro Or Technical Setup In Gold As The 2013 Capitulation

Shad Marquitz
September 7, 2022

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss the technical and macroeconomic reasons why gold is not setup for a 2013 style massive capitulation in either the amount of decline coming nor in the duration of time to finish correcting.   We discuss how different many breath, sentiment, chart indicators, and ratio charts are compared to a decade ago, as well has fundamentally different the precious metals markets and holdings were coming off that prior secular bull, compared to now, and how the reverse is true for the general equities markets. 


With the overwhelmingly bearish analysis and sentiment so pervasive in the technical and fundamental analysis of the gold, silver, and PM mining stock sector, Jordan’s contrarian senses are becoming more activated.  He points out that we may be closer to the final move lower in PMs than many expect, and cautions investors not to get so bearish that they lose sight of the real bull market that will begin when gold diverges from the general equities on the back of a Fed pivot and slowing economy.



Click here to visit The Daily Gold website and keep up to date on Jordan’s technical outlook.

    Sep 07, 2022 07:03 PM

    Fed on Path for Another 0.75-Point Interest-Rate Lift After Powell’s Inflation Pledge

    By Nick Timiraos – Wall Street Journal – Sept. 7, 2022

    “The Federal Reserve appears to be on a path to raise interest rates by another 0.75 percentage point this month in the wake of Chairman Jerome Powell’s public pledge to reduce inflation even if it increases unemployment.”

    “Fed officials have done little to push back against market expectations of a third consecutive 0.75-point rate rise in recent public statements and interviews ahead of their Sept. 20-21 policy meeting.”

    Sep 07, 2022 07:38 PM

    That’s right, the current setup is absolutely nothing like 2013 in any meaningful way.

    The August low for gold looks like nothing more than July low housekeeping, a backtest…

      Sep 07, 2022 07:20 PM

      Thanks for sharing that chart Matthew.

      Sep 08, 2022 08:50 AM

      and thanks

    Sep 07, 2022 07:39 PM

    The double top potential for CRB:Gold is on track and improving…

    Sep 07, 2022 07:40 PM

    SILJ vs Commodities has been bottoming for over 4 months and is looking good…

      Sep 07, 2022 07:22 PM

      The junior silver miners are one of the most undervalued components in the precious metals sector as well as the commodities sector, and they are set up to surprise to the upside and gain traction on other metals or energy stocks. Over the last few months it has really been extremely negative sentiment with regards to both Silver and the silver stocks, but this too shall pass…

    Sep 07, 2022 07:42 PM

    The Nasdaq hasn’t looked great but is attempting to reverse where it should…

    Sep 07, 2022 07:44 PM

    Silver turned up (at least short term) where it should have…

    Sep 07, 2022 07:51 PM
    Sep 07, 2022 07:33 PM

    NEM’s low happened as two important supports crossed paths…

    Sep 07, 2022 07:35 PM

    Dollar Index : Summer 2022 : Pull Back : How Deep? How Long?

    Sep 07, 2022 07:14 PM

    Thanks Matthew. Great info.

    Sep 07, 2022 07:58 PM
    Sep 07, 2022 07:10 PM

    Natgas is ugly and likely to deliver surprisingly low prices…

    Sep 07, 2022 07:30 PM

    Bla- blah – blah— Low in for gold? Time shall tell………

      Sep 07, 2022 07:11 PM

      Yes, time shall tell which is the attitude that causes sheeple to buy high and sell low. Most aren’t comfortable with good deals and most can’t recognize a low even well after the fact but they do get comfortable with a mature uptrend and lots of company on their way to slaughter.
      No, one does not necessarily need to buy now because if this week falls apart then gold will probably make a new low that will cause a quick but short move lower for most of the sector. However, we don’t need much more strength by Friday’s close to send the sector much higher for a month or two. The bottom line is that the setup is more favorable to the bulls than any we’ve had in 4 years. In other words, the odds that we are at or extremely near a very significant low are the best they’ve been in 4 years so a great time to buy for conservative types and those who are poor at managing risk is probably days away if the the lows hold. Those who know what they are doing can buy now because they will have a plan if the market goes against them.

      Sep 08, 2022 08:18 AM

      exactly Buzz, time will tell, as it has with each successive gold retrace in a boring consolidation for months while sector equities get hammered. Until that shows some sign of actual reversal the gold bugs who talk gold but buy monetary metal equities are blowing spoke as is typical of bagholders.

        Sep 08, 2022 08:21 PM

        The “sideways to down” “time will tell” crowd has blown every single low since 2015 including the most profitable and obvious ones. Let’s see if you bagholders can break your dismal record this time.
        The charts inform those who understand them.

    Sep 08, 2022 08:00 AM

    Rest In Peace, David Smith, of the Morgan Report and many valuable insights & podcasts over the last 15-20 years

      Sep 08, 2022 08:54 AM

      ditto………. always liked his comments……

    Sep 08, 2022 08:32 AM

    Yesterday, The Bank Of Canada raised interest rates .75%, they still are way too low at 3.25%. That is however a 2.25% raise in 6 weeks. DT

    Sep 08, 2022 08:05 AM

    Picked up some entry positions on some wild cards this morning. Talon Metals (a lot of outstanding shares) but Nickel, copper , pgm in Minnesota. The other one I never heard of before yesterday was Gungnir in Northern Sweden which is a nickel/silver type project. We will see. Stillwater Critical showing signs of life after Powell got interviewed (again) at some conference and blamed everyone but Ex for the world’s problems. Powell is smarter than I thought.

    Added Note: Back into Kootenay and Palladium One again, although it has been a couple of years for Pal One. Also Mako.

      Sep 08, 2022 08:41 AM


      Ex, is down at the sandy beach checking out the fashionably tanned backs of American girls! LOL! DT

        Sep 08, 2022 08:22 PM

        Guilty as charged DT. 😉

        I have been at the beach tanning and checking out the tanned human forms for the last few weeks, enjoying the summer and a few cold beverages in the process. Cheers!

      Sep 08, 2022 08:22 AM

      Added to Brunswick Exploration. I have about the same dollar amount in it and Nevada Sunrise and seeing if either has some success. Brunswick thinks they are in a better jurisdiction and location for Lithium and of course, Nevada Sunrise is in Nevada. Game on.

    Sep 08, 2022 08:19 AM

    I bet Ex doesn’t even see those people…more likely he is looking for outcrops for grab samples of metals.

      Sep 08, 2022 08:23 PM

      Yes, I may have taken a few grab samples in the process and did a little gold digging.

    Sep 08, 2022 08:01 AM

    Dollar up again. It is hard to believe they finally paid down the deficit… and the debt …and the derivatives…NOT. They probably just paid off their bookie…

      Sep 08, 2022 08:23 AM

      Dollar down now … I am getting excited that algos do the wrong thing in their playbook and buy miners… whoops, fell asleep mid sentence…just a dream

    Sep 08, 2022 08:56 PM

    MIF tomorrow. Added to my Copper Lake and Honey Badger as they are on the MIF agenda again. Also added a few more Aston Bay as they had a second drill news release in less than a week. These 3 are really cheap and deserve at least some of the Beer money in case miners ever go up.