Jordan Roy-Byrne – Technical Outlook For Gold, Silver, GDX, GDXJ, And Key Macroeconomic Signals To Watch For A Change In Market Trends

Shad Marquitz
September 27, 2023

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to share his technical and fundamental outlooks for gold, silver, GDX, GDXJ, interest rates, and the general equity markets. We start off looking at the charts and some of the key technical support levels in the precious metals sector, and the contrast between the more bearish looking shorter-duration charts, versus the longer-duration quarterly charts as we get ready to wrap up Q3 and head into Q4. 


Next he outlines some of the key macroeconomic signals in the interest rate markets and steeping yield curve, that will eventually top out and reverse down as something breaks in the economy and the concern of a recession reasserts itself with investors and the general markets roll over.   We wrap up reviewing the recent trend of steadily increasing inflation that we’ve seen the last few months.  This correlates with the higher oil and energy prices, and that is typically a late-cycle indicator before things roll back over into a disinflationary economic contraction. 




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

    Sep 27, 2023 27:22 PM
    NatGas : Northerly
    Double Bottom?

      Sep 27, 2023 27:08 PM

      NatGas is percolating.

        Sep 28, 2023 28:22 AM

        Report Day (10:30). Markets may be turning!

          Sep 28, 2023 28:45 AM

          March top matched. Breakout next.

    Sep 27, 2023 27:23 PM

    Joe told us all what was going to happen and gold bugs just trashed him. 😁

      Sep 27, 2023 27:28 PM

      Where is Joe? He’s probably waiting for more of the selloff before he appears.

      Sep 27, 2023 27:58 PM

      He normally comes when the bottom is in

      So there must be more downside ?

      Newmont looks attractive at $37 ?

        Sep 27, 2023 27:59 PM

        Thomas, I would be VERY careful with NEM. You might get a “bump” but the monthly chart looks ugly. It now appears that the mid tiers and large cap PM stocks are most at risk of a larger % move down then some of the small cap and exploration companies.

    Sep 27, 2023 27:33 PM

    Doc also warn everyone what was ahead but these stubborn gold bugs just don’t want to hear it, well you know the old saying what the last thing that goes through gold bugs mind when they hit the windshield, 😭😂

      Sep 27, 2023 27:12 PM

      Paul, Joe screams SELL, SELL, SELL at every important low including THE low of almost a year ago. Even after pulling back $200 from its May high gold is STILL up $270 from Joe’s hysterical calls to sell. Joe was sure that more interest rate hikes would be bad for gold and now we’ve had many more hikes since last year’s low. Joe’s been so wrong it’s wild that people like you think he’s been right. The guy didn’t even recognize a textbook huge beartrap that caused gold to fly $400 higher (and closer to $500 off last year’s low). He’s been the best contrary indicator this site has ever had. His appearances are always timely with respect to gold’s lows.

        Sep 28, 2023 28:26 AM

        vs Joe you’ve been spot on with all your tech savy calls LOL
        You’re in such a deep hole if you actually followed thru with what you claim, with any continued underperformance of the sector equities vs gold, it most likely would need to double.
        Good luck

          Sep 28, 2023 28:44 AM

          Like you, Joe is always confidently bearish at or very near lows. The same has been true for doc. You guys are the one’s in need of luck.

      Sep 28, 2023 28:41 AM

      funny …most compliant in denial pill sellers talk from both sides of their mouth

        Sep 28, 2023 28:33 AM

        ain’t that the truth

      Sep 28, 2023 28:54 AM

      The comments under that article are something else. Holy smokes the masses are clueless.

    Sep 28, 2023 28:18 PM