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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Gold Setting Up to Soar but When...?
Published: Thu, 06/16/22
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I really like how things are setting up for Gold.
There could be a bit more pain for another month or two but beyond that I'm very bullish on Gold. Click below to read my article and the answer to the question in the subject is in the title. But you should still read the article. Click Here to Read My Article Click Here if You Prefer a Video Version (Similar but not exact) Last Friday I interviewed Vince Lanci, for the second time. This is a long interview but it's two guys talking various scenarios and Vince provides answers and some education. (Change playback speed to shorten the interview). Some people have said this was the best interview I've ever done. Click Here for the Interview ------------------------------------------------------------------------------------------- Here is a chart of GDXJ along with some of my custom breadth indicators.
After Tuesday only 4% of GDXJ was trading above the 20-day moving average, 0% above the 50-day moving average and 8% above the 200-day moving average. Stocks can still dump when they are extremely oversold but they can also rally.  ------------------------------------------------------------------------------------------- In TheDailyGold Premium...
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