Jordan Roy-Byrne – Have We Seen A Breakout In Gold, Silver or Gold Stocks?

November 9, 2022

Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins me to share his insights on the gold, silver and gold stock ETF (GDX and GDXJ) charts. After a very strong move that started on Friday I ask Jordan if any of these charts are showing true breakouts. He shares higher levels to watch on the charts for each gold, silver and gold stocks. We also discuss the capitulation between individual PM stocks compared to the ETFs.




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

    Nov 09, 2022 09:29 PM

    My account still range bound and has been for months. I see no breakout. That is not a technical conclusion … it is reality.

      Nov 09, 2022 09:10 PM

      You’re correct.

        Nov 09, 2022 09:31 PM


        Nov 10, 2022 10:16 AM

        sell some more pills that destroy health…you will feel better

        Nov 10, 2022 10:22 PM

        Sorry Doc looks like you are wrong again.

      Nov 09, 2022 09:33 PM

      My account has been up for the last 4 days by about 12%, today it is down 1.5%. I don’t know whether we are out of the woods, I don’t see The Bears, but they might see me. DT

        Nov 09, 2022 09:12 PM

        Perhaps not quite out of the woods completely but buying pullbacks like today’s and/or holding positions bought recently is the right course of action.
        Price action as well as less understood and employed momentum action both strongly suggest that we have seen a major low for the whole sector. There have been plenty of indications for weeks and even months that a very important low was in the works but some pieces of the puzzle were missing but now are in place. One was gold’s need to confirm silver’s strength and now it essentially has. Yes, this week’s closing price could help or hinder but some significant daily chart developments are already a done deal so they can’t be erased by a poor showing this Friday. If the bears manage to buy themselves any time at all it won’t be much. To be clear, there was no technical (or otherwise) need for today to be another UP day.
        Silver looks great:

        Nov 09, 2022 09:21 PM

        Agreed DT. We’ve had a nice run in the PM stocks and really a lot of resource stocks since the end of last week (right after some people came on with the Joe is right mantras — which never fail to be fantastic contrarian indicators).

        Today (Wednesday) was a down day, but silver and the silver miners have had really nice moves leading up to today since Friday’s big volume surge, with some follow through on Monday and Tuesday. A corrective day was due after 3 big green days prior to it.

      Nov 10, 2022 10:20 PM

      Now do you see a breakout with today huge gains, Lakedweller2? LOL!!!

        Nov 10, 2022 10:54 PM

        Don’t really know. My account performance since Friday has been:
        Friday: green
        Monday: red
        Tuesday: green
        Wednesday: red
        Thursday: green
        Do you spot a trend.

    Nov 09, 2022 09:43 PM

    day gdxj…channel and confluence zones…..

      Nov 09, 2022 09:08 PM

      Couple of articles on Seeking Alpha recommending GDXJ

    Nov 09, 2022 09:47 PM

    Was there an election yesterday in the US, I missed it. I don’t trust electronic voting machines. LOL! DT

    Nov 09, 2022 09:34 PM

    GDX, HUI, etc, finished September and October higher even though gold finished both lower. That’s bullish.
    Not surprisingly, GDX priced in Gold looks great:

    Nov 09, 2022 09:46 PM
    Nov 09, 2022 09:53 PM

    NEM jumped about 20% in the 3 days following last Thursday’s bear trap low. Anyone who suggests or implies that that’s meaningless has some homework to do.

    Nov 10, 2022 10:49 AM

    Trend Strength:
    Casey Slugs 4-Bagger. Joy In Mudville!
    Dollar Down. Gap Painting Soon.
    NatGas Bottom Forming.

      Nov 10, 2022 10:09 AM

      Traders may consider selling the news.
      Dollar is now in the ‘Paint Zone’.

      Nov 10, 2022 10:59 AM

      .TNX : 2nd Gap of 3-Gap-Play filled. 36 zone soon?

    Nov 10, 2022 10:44 AM

    Yesterday’s rug pull on PAAS was a gift. I’ll sell when it reaches $55.