Jordan Roy-Byrne – How Much Lower Could Gold and Silver Stocks Go?

November 8, 2023

Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to discuss the outlook for gold and silver stocks, by sharing potential lower levels for GDX and GDXJ. We dive into how he is viewing smaller scale production companies, development companies and junior exploration stocks. Jordan outlines why you need to be very careful in the stocks you are buying and holding.


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

    Nov 09, 2023 09:29 AM

    CNBC pumping a “revived” market implying Retail should jump back in. What I am getting from recent interviews and feedback from conferences remarks posted on this site is: It is a time of caution as the Debt issue is not solved, dollar still declining in value as reflected in inflation and Congress still dysfunctional to act on the Business of Government. A Recession still looms possible and We may be seeing nothing but a Dead Cat Bounce in the near term. Caution is warranted … particularly for Retail as The Banks are still on shaky ground due to extreme mismanagement and questionable investments. They need Bag Holders and Retail is always the Target.

      Nov 09, 2023 09:50 AM

      Also there appears to be an indication that market intervention is more active, both technically through 45 degree charts and jaw boning by Banking Interests.

      Nov 09, 2023 09:06 AM

      … and today is another nothing burger for the PMs… jumping into negative ETFs.

    Nov 09, 2023 09:02 PM

    NVDA went up 23% after bottoming precisely at fork support 1.5 weeks ago and now it appears to have topped precisely at fork resistance, at least short term…

    Nov 09, 2023 09:16 PM

    Took a while but just turned Red again after a 1-2% day in the green. So much for beating the computers again.

    Nov 09, 2023 09:38 PM

    The pullback in gold hasn’t threatened its bullish potential in the least. A gap lower tomorrow along with a reversal would be ideal since it hasn’t even managed a minimal Fibonacci retracement so far. The action since the top over 3 years ago WILL prove to be a base from which gold can move to a much higher range.

    Nov 09, 2023 09:21 PM

    I am seeing more and more “share consolidations” which is another form of Wall Street theft. Regulators allow naked shorting and as soon as the consolidation occurs, it is considered another target of naked shorting.
    Need three changes: Eliminate naked shorting, reinstall the uptick rule, and bar shorting a consolidated stock for a period of time. Fat chance any of it happens as it is a form of theft beneficial to managed money and banks.
    Thought of a 4th change: brokers should get owners written permission in advance when borrowing specific shares to cover specific shorts.
    5th rule: brokers should report every instance of uncovered naked shorts. fine twice the value of the naked short permitted.

      Nov 09, 2023 09:49 PM

      Probably the only reason naked shorts are becoming an issue to Regulators is that the Bullion Banks and Wall Street Banks are the target due to their total malfeasance.