Jordan Roy-Byrne – Technical Analysis Gold, GDX and GDXJ; Correction Outlook
Jordan Roy-Byrne, CMT, MFTA, and Editor of The Daily Gold joined me to discuss his technical outlook for gold, GDX and GDXJ. While early on in a correction, after a strong run to overbought levels, Jordan outlines price levels to watch where the correction could bottom.
We discuss gold’s performance against the 60/40 portfolio and the S&P. I also ask about Jordan’s trading strategy for junior stocks where he explains how he would build cash and rotate money between outperforming and under-performing stocks.
Click here to keep up to date with Jordan on The Daily Gold website.
IPT, nice monthly chart but weekly is a little high still but daily may be ready fer a bounce IMO… I’m back in.
Spreads are getting wider in the Miners. That’s why it is good to get in and out early. MMs sit in the trees like vultures waiting for the road kill.
Kootenay Resources, KTRI. started trading today with a financing.
https://www.newswire.ca/news-releases/kootenay-resources-inc-announces-private-placement-financing-and-conditional-tsxv-listing-approval-866771203.html