Jordan Roy-Byrne – A Major Bottom In Gold and Gold Stocks Could Be In

October 26, 2022

Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to outline why he thinks gold and gold stocks could have put in a major bottom over the past 2 months. He shares some of the technical levels that are important in the near term but also focuses a lot on the macro economic environment. Jordan thinks the macro factors are the most important to watch heading into next year.



Click here to visit Jordan’s site – The Daily Gold

    Oct 26, 2022 26:35 PM

    HUI’s 20 dma has crossed above its 50 dma for the first time in 6 months today. FWIW.

    Oct 26, 2022 26:35 PM

    If Brixton (bbb.v) can make a weekly close above .18 this week, it will be significant. That number is the 100 WMA and a move above that MA will be significant because it will not take much to get the 20, 50 and 100 WMAs back into bullish alignment.

    Oct 26, 2022 26:01 PM

    Of course it won’t show on the following chart until tomorrow but META/Facebook is down almost 24% in after hours trading. Very nice…

    Oct 26, 2022 26:43 PM
    Oct 26, 2022 26:16 PM

    the formula is all there and set up!

    Let me remind some viewers what i have been barking about for some weeks. You can go back and read what i posted. first off was the chart i showed with hui and the w formation and boy has that held. two weeks ago i mentioned that the chart was still perfectly valid except the timeline of november top would be pushed forward. Regardless the chart showed a the low for hui/xau and that was based off the monthly indicators and a pattern that i continue to follow.

    I also mentioned probably over a month ago give or take that wti oil would tread sideways for a good duration before breaking down this while many were high on oil stocks. It was a classic contrarian call and i still see many way to bullish on oil with calls to the moon. Not just yet folks!

    probably two weeks ago or a bot less gave me call on dollar 1.12 and they ran the sucker to 1.14 i believe before closing it at 1.11 roughly. i made a call that dollar was headed to 1.02 on a monthly and it would take a couple of months 1/2 maybe 3. Well it seems gary savage read my call he is now advocating for this. In fact im glad he can see that which makes it that much more possible imo. I have plenty of respect for his calls as well.

    bullion banks are now about 77 thousand contracts short a big time indicator that they are ready to play ball! we still dont have the accurate number which will be released on the 28, and i bet its lower then 50k contracts clearly igniting the precious bull that has been long in the tooth as gary would say.

    1. w formation on monthly for hui/xau in progress looking at the slow stochs
    2. wti sideways to lower
    3. us dollar intermediate decline
    4. inflation still out there
    5. recession hitting hard in canada
    6. bpgdm hit an extreme low few weeks back
    7. still to many bearish calls on this site and out there
    8. jordan turns bullish suddenly on miners says what i spoke about a month ago that dont wait for gold to go to $1800/$1900 to buy miners by then they will have gone up nicely 🙂

    folks the fed will turn course and print at some point but the miners, insiders and more specifically the bankers are ahead of the curve and ready to go!

    good luck to all

    My golden duck spoke to me and said there has been a change in the air. It sure feels like it..Stealth is best.

    Oct 27, 2022 27:50 AM

    Zeihan scenario fits into the rational for gold silver etc….sad situation …due to corruption and base human activity in a system that endorses this chit all the way down…So low so low….This system endorses mutilating our children’s DNA and collapsing their immunity w jabs it mandates….Promethius cycle of eating one’s own liver over and over…Humans are being intentionally tormented for releasing technologies they are too immature to manage…Say no to the promethian jab….Say no to the medical scam….