Jordan Roy-Byrne – Ignore The Fed, Position In Gold Producers With Growth
Jordan Roy-Byrne, Founder of The Daily Gold joins me to discuss why he is focused on growth oriented gold production stocks.
With gold continuing to move higher, now over $2,200/oz, and gold equities starting to show some life, the most important question for investors is which stocks will provide the best leverage to the upside. Jordan thinks these are producers with near term growth. We discuss how this growth could be funded, what type of growth he is looking for and if jurisdiction needs to be a key consideration.
Well that did not last long.
Obviously The Fed meeting behind us. Very encouraging move in Gold and Silver. Maybe it will transfer to stocks.
Some of the PM stocks have been doing pretty good lately. Yes a more broad-based rally in the PM stocks would be nice though, considering gold is up blazing to new all-time highs again this evening.
Most PM investors a few years back would never have guessed gold stocks would be so muted in valuations at $2100-2200 gold.
https://tinyurl.com/msz3dh6s
Gold Week: Wedge Rocket
JRB Shallow Pull Back!
BDC – Thanks for that Gold Wedge Rocket chart.
Yes indeed, the yellow metal really getting peppy in after-hours trading up to $2214 a little while ago, and trading around $2207 as I write this. Unfortunately gold closed the normal trading session at $2161. It would have been better to have seen this action during the normal trading session.
I hope this doesn’t play out like that Sunday night action back in early December where gold gapped up to $2152 and then retreated down hard the next few days.
It would be great to see gold hang onto the gains and open above $2200 tomorrow.
Ex, it is now (0800 NYT) pressuring northward.
Double Up, XY(1:2)Z = 2244.20, is possible.
(UNG/USD spot prices differ somewhat.)
Shorts thought PM’s were toast.
Yep, and now those shorts are getting toasted.
I Like the Title………………… ” Ignore The Fed, Position In Gold”
I have been saying IGNORE the FAKE FED… for Decades…. lol 🙂
How about that intervention. Masterful (obvious) job again.
Here is a good one: Benton down 37% part of morning … maybe to run stops and let shorts out. Then: wait for it: Now up 31%. Hmmmm. I will take it!
Maybe with a good run up in the PM sector will bring more scrutiny to the puppet string masters… aka market makers.
My guess is they all move to the Cayman Islands and they leave Wall Street to Bots and small children.
Thar She Blows !!!