Jordan Roy-Byrne was able to achieve some marked success in last year's choppy market by buying growth-oriented producers. After the broader market tops out, he is watching for the same stocks to outperform again.
Even though the mining equity markets have been choppy and mostly sideways this year, the editor of The Daily Gold Premium newsletter, has managed to produce some enviable returns in his model portfolio.
The Fed’s recent inference that QE3 was not imminent has caused physical gold and silver and the HUI and XAU to breach their downside support lines. These transitions set up the distinct possibility that we could well see $1,500 gold.
Gold is in the bump phase of a seven-year Bump-and-Run Reversal Top pattern which typically occurs when excessive speculation drives prices up steeply, and is now at a critical juncture which could change the long-term trend of gold.
Gold is in the second phase of a Bump-and-Run Reversal Top pattern, which typically occurs when excessive speculation drives prices up steeply, and is now at a critical juncture where substantially lower prices could be realized. Let me explain.