Jordan Roy-Byrne – As The PMs Pause In The Near-Term, Gold Still Projects To Over $5,000 By Late 2026

Jordan Roy-Byrne, Founder of The Daily Gold, joins us to review both his near-term and longer-term technical outlook for gold, silver, GDX, GDXJ, and SILJ.   We start off noting the reversal in candles the last few days on the precious metals charts, where the momentum is loosing steam for the near-term and may need to correct and consolidate for while after quite a big surge higher the last 6 weeks. However, in the longer-term, Jordan believes that most of the upside targets for gold are going to get blown past and projects a potential upside move to over $5,000 in gold by late 2026.


We then shift over to discussing the recent leverage of the mining stocks to both gold and silver. Jordan points out that mining stocks are just like call options on the underlying metals prices, and that they perform best when the underlying metals have big breakouts higher like we just saw.   This makes looking at only pricing levels for resistance on the mining charts, incomplete if not factored in with the levels of the underlying precious metals. 


Jordan reiterated that he is still most animated by the quality growth-oriented gold producers, and quality developers of size, that are within 1-2 years of getting their mine built and into production.  He also likes the silver optionality plays with quality ounces in the ground that could get rerated higher on rising metals prices. 




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

    Apr 10, 2024 10:23 PM

    Gold in Breakout Mode. It Could Hit $5000 in 2026

    By Jordan Roy-Byrne CMT, MFTA • The Daily Gold – April 03, 2024

    Apr 10, 2024 10:35 PM

    Jordan highlighted, once again, that he sees some of the best value in the “growth-oriented gold producers.”

    I completely concur and have been writing a series over on my Substack channel about the growth-oriented gold producers I follow in my own portfolio. In the last few months I’ve only outlined 6 of these companies, but since then 4 of those 6 have been involved in some of the latest M&A deals in the gold space; so clearly this is where the action is. 2 made acquisitions (Calibre and Mako) and 2 are being acquired (Argonaut and Karora).


    Well, it has already been a wild week once again with regards to newsflow in these companies profiled, with 4 of them (Karora, i-80 Gold, Calibre, and Equinox) having key news releases that are generating reactions – the good, the bad, and the ugly…

    It inspired me to consolidate all these press releases into PART 7 of this series, and then I spend the balance of it unpacking the value proposition in Mako Mining, a sponsor company we have on the show here regularly. I wanted to share this article here with the good folks at the KER, as we’ve had all these companies on the show over the last few years… and I’ve been getting lots of questions emailed in or from direct messages about these companies recent news releases.


    Opportunities With Growth-Oriented Gold Producers – Part 7

    Excelsior Prosperity – 04/10/2024

      Apr 10, 2024 10:24 PM

      Its Wet and Wild Wednesday! It looked like the correction in physical gold and silver was just beginning but the demand to buy from foreign players in an effort to get rid of their US dollars is taking the metals higher again by the end of the day. DT

    Apr 10, 2024 10:51 PM

    In addition to the fantastic run higher in Gold, it has been nice to see Silver and Copper also getting a boost lately.

    Here’s another bullish copper article:


    Copper Prices Climb To 2024 High As Citi Calls The Start Of The Metal’s Second Bull Market This Century

    Sam Meredith – CNBC – Wednesday, April 10 2024

    – “Copper prices with May delivery traded at $4.323 per pound in New York as of Wednesday morning, extending gains after settling at its highest level since June 2022 in the previous session.”

    – “Three-month copper prices on the London Metal Exchange traded 0.6% higher at $9,477 per metric ton.”

    – “Demand for copper is widely considered a proxy for economic health.”

    Apr 10, 2024 10:30 PM
    NatGas: Overview

    Apr 10, 2024 10:53 PM

    I gave copper the “all clear” one month ago and now Citi is doing the same:

    Apr 10, 2024 10:57 PM

    Eric Sprott expected to invest $ 3 million into Silver Storm Mining. SVRSF

    Apr 11, 2024 11:23 AM
    Super Secular Bull ~ Jordan Roy-Byrne

    Apr 11, 2024 11:34 AM

    US Treasury bonds do not have foreign buyers anymore.
    The Fake Fed…. is not going to decrease interest rates, they need to attract buyers with
    higher rates for sell the Treasury Bonds.
    There are about $1Trillion bonds coming due each month., who buys the bonds.


      Apr 11, 2024 11:01 AM

      Who wants The US dollar, The Asians only want to spend what they have left to buy precious metal. Once that’s gone you will hear the big flush as the US dollar gets re-rated as a useless paper product except for one thing. DT

        Apr 11, 2024 11:44 PM

        DT… I have to agree…. flush the Dollar, but, hard to flush the gold… 🙂

      Apr 12, 2024 12:38 AM

      They still have some foreign buyers. Do your research.

    Apr 11, 2024 11:22 PM

    IPT’s initial move off its low was 43% and peaked over a month ago. The retracement that followed was 50%. The next move which peaked a few days ago was 123% and the retracement so far has been 38.2%…