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By Jordan Roy-Byrne, CMT |
January 11, 2013
Generally speaking, we see precious metals starting the year well and potentially finishing the year very well. However, do realize that while this could be the low for 2013, it could be many months before precious metals experience their next breakout.
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By Jordan Roy-Byrne, CMT |
January 3, 2013
With all of the volatility of the past nine months, few market observers would think the gold equities have begun a series of higher lows or even a new bull market. However, this action is typical of this sector.
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By Jordan Roy-Byrne, CMT |
December 26, 2012
This decoupling began at the end of July 2011. Since GDX peaked, it is down 32% while the S&P 500 is up 25%. Silver is also down 32% and gold is down 14%. The S&P is closing in a five-year high while GDX is soon to retest a multi-year low....
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By Jordan Roy-Byrne, CMT |
December 7, 2012
Consider the present sentiment and technical construct and it is difficult to ignore this emerging contrarian opportunity. Oh and by the way, the Fed is meeting next week.
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By Jordan Roy-Byrne, CMT |
November 29, 2012
Essentially, there is a huge divergence between financial performance and valuations. Ultimately, the performance of the shares over the coming months will answer the question as to the resolution of that divergence.
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By Jordan Roy-Byrne, CMT |
November 21, 2012
We’ve been surprised at the recent action in the precious metals complex. During the recent correction the shares were showing quite a bit more strength than the metals. Then the shares took a dive. How do we interpret this wild volatility?
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By Jordan Roy-Byrne, CMT |
November 15, 2012
The real price of gold is trending bullish which implies good times ahead for precious metals in the coming months. The poor outlook for oil and industrial prices is a good thing for gold and silver producers as their margins could expand.
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By Jordan Roy-Byrne, CMT |
November 5, 2012
The precious metals complex had a great rebound at the end of the summer but is now in the midst of a correction. Recently we wrote that the correction was nearing an end. We believe that to be the case.
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By Jordan Roy-Byrne, CMT |
October 29, 2012
The commodities that represent mining cost inputs are not only trending bearish but are little threat to move much higher anytime soon. Meanwhile, gold is trading in a healthy range.
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By Jordan Roy-Byrne, CMT |
October 18, 2012
We expected a correction after the gold and silver shares ran into predictable resistance that coincided with October seasonal resistance. That was predictable. Now we are 19 days into the correction and we see some stealth signs of strength.
