Jordan Roy-Byrne – Gold Update And A Big Picture Look At Markets
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his outlook on the continued pullback in gold and PM stocks. We also discuss the macro outlook that will play into where the markets go from here. It’s all about when the markets will turn and when gold and the underlying stocks will rebound.
Looks like the short squeeze in PM’S was a short squeeze.
Kevin O’Leary says these are the best assets to own as inflation remains white hot — maintain your purchasing power now
Jing Pan – Wed, October 19, 2022
https://www.yahoo.com/finance/news/kevin-oleary-says-best-assets-130000208.html
Trend Strength: https://tinyurl.com/4ypebbv9
Possible NatGas Turn Soon.
PMs Must Hold.
agree BDC…nat gas is setting up…OBV is oversooold…S.S. is embedded below trigger w RSI putting in lower low…ideally one more lower low wave g on daily chart plus an RSI divergence…https://tos.mx/aNaVQpt
Dollar influence must be overcome.
Today’s report could do it.
home sales green..lmao…interest rates will be going higher …..dollar is sun bathing…..could that be it though?…how much better for dollar will it get…..glta
1 minute chart /NG…two back to back ABC’s up…has not happened for long time….some accumulation or shorts covering…glta……https://tos.mx/ln1cg3O
https://ir.eia.gov/ngs/ngs.html
Larry, moderate report today.
Could be one more wave.
Or just a retest.
(Today?)
Retest, then sideways. Flat.
Target 5.177 if new low.
Busted. Note fractal from previous precipitous decline:
https://www.xm.com/research/analysis/technicalAnalysis/xm/technical-analysis-natural-gas-futures-set-for-big-weekly-loss-outlook-threatened-168701
day DXY…price is contained between the TAS top and bottom…If price breaks higher…quite possible….the 1.27% expansion target at 116.063 is certain…and that would produce the leg D up in the weekly chart…..Forth waves up usually allow for a correction…down in this case….day currently has moderate amount of strength in the technical readings…glta
If so, another wave lower more likely.
Compare FCG (NatGas producers).
WOW…the weekly 10 year yield futures have an ABC up…B point breakout above was on massive volume…I have to believe that rates ARE going higher…like fore-sure…this chart may be the reason gold is struggling?…glta
Gold simply holding shows strength!
Powell’s glum look at Jackson Hole…hmmm.
Max(7) Saturation on TNX.
Possible 3-Gap move coming.
BDC..if i follow…today you call the 3rd gap?…in tnx
Tom O’Brien’s “3 Gap Play” is possible.
Here it could be a fast move
back to October 4th.
Gold and the Fed Funds Rate 1976-1980:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&st=1976-10-19&en=1980-03-03&id=p98078777993&a=1272855183