Jordan Roy-Byrne – Precious Metals ETFs Breaking Higher In Relation To Gold And Silver Is A Bullish Setup

Jordan Roy-Byrne, CMT, MFTA, Editor of The Daily Gold joins me to discuss encouraging technical setup being seen in the gold stocks, via the ETFs (GDX) and (GDXJ), versus gold, and the silver stocks, via the ETFs (SIL) and (SILJ) versus silver.  Silver has also been outperforming gold recently, which is another bullish signal.  He points out the inverse head and shoulders patterns in the mining stocks ETFs that could resolve in a very bullish move, as well as the encouraging moves on the advance/decline line relative the PM mining stocks.


As far as any catalysts needed for the next move higher in gold itself, Jordan feels it will just be patience for the rate cutting cycle to begin. The last confirming indicator that he is looking for is when gold will start breaking out in relation to his 60/40 portfolio (60% US equities / 40% bonds).




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

    Jul 11, 2024 11:06 AM

    Dollar, Big Drop on Good News. Stop Run?
    Gold, Big Pop on Bad News. Head Fake?
    (CPI, Positive for Dollar Strength.)

      Jul 11, 2024 11:30 PM

      See Thursday (Nick Hodge).

    Jul 11, 2024 11:41 AM

    Bought more SCZ today on the cheap, it may have a run up to their earnings report later in July.


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