TheDailyGold: Important Macro Update for Gold....

Published: Fri, 10/20/23

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Friday, October 20, 2023

 
 
 

Good Morning!

There is a saying in the technical analysis world.

"From false moves come fast moves."

Gold broke below $1900 and even below $1850 briefly. But then it reversed hard and is already back up at $1985-$2000 resistance. 

The September decline was a false breakdown in Gold.


This is not a geopolitical move like in Q1 2022. There are other things that are pushing Gold higher, even amid US Dollar strength.

Click Here for Gold Macro Update Video- 7 Minutes



This next video is a few days old but it includes important Gold CoT analysis as well as full breadth indicator analysis for the gold stocks.

Click Here for Stealth Bottom in Gold & Miners Video- 10 Min

 

 

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In TheDailyGold Premium....


In TDG #851 we updated the company report on one of our favorite companies.

The company is well funded and can increase its production significantly over the next few years with limited capex. The company is highly leveraged to a bull market in precious metals. From here, I see 8x to 10x potential in a bull market over the next 3 years. The CEO has one of the strongest track records in the industry.  


In TDG #852, we answered quite a few subscriber questions regarding companies we do not cover.

We also analyzed the current setup. That was a week ago. Now we have some more clarity... 

 

 


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Thanks for reading. I wish you all great health and prosperity in 2023 and beyond.
 

-Jordan
 

Disclaimer: This newsletter is intended for informational and educational purposes only and should not be considered personalized and individualized investment advice. Investment in the precious metals sector contains significant risks. You should consult with an investment advisor and do your own due diligence before making any investment decisions. This email may contain certain forward looking statements which are subject to risks, uncertainties and a multitude of factors that can cause results and outcomes to differ materially from those discussed herein.  

 
 


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