TheDailyGold: Next Move in the Bear Market & Impact on Gold....

Published: Thu, 09/22/22

The Daily Gold
Jordan Roy-Byrne, CMT, MFTA


Thursday, September 22, 2022


Good Morning!

The S&P 500 has continued to trend lower after failing at its 200-day moving average last month.

It is now less than 2% from breaking below its 40-month moving average, which is an incredibly important level. 

Historically, what happens after the market fails at its 200-day moving average? How soon might it break the 40-month moving average and break to a new low?

Click Here for My Video Analysis. 

We know that Gold is breaking down technically. But thus far this breakdown has not been confirmed by Silver, the gold stocks or the Gold to S&P 500 ratio. 

The next 10 days will be very interesting.

I explain in this article. 

Gold Breaking but Multiple Non-Confirmations 



This chart shows the Silver ETF, Short Interest and Short Interest as a percentage of the shares outstanding, which is also at an all time high.

The net speculative position in Silver as of a week ago was at its 2nd most bullish reading EVER. And now the short position is at a record high. It surged higher in recent months and Silver only dropped slightly. 


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Things are trending very favorably for Gold and the start of a new secular bull market in the coming months.

The action in the next 10 days can give us a hint if the worst is already over or if another round of selling is on tap. 

Of the two best Gold market timers I follow, one is bullish and already positioned for a big rebound while the other is extremely close to pouncing on the opportunity. 

Think about the sentiment in Gold & Silver right now, then think about 6 months from now and a recession & imminent Fed rate cuts? Where is Gold trading at that point? It might go lower beforehand but in that scenario it could be at $2000-$2050.

Subscribe today instead of subscribing after the bottom is in when many of our top juniors will have already jumped by 30% to 40%. 




Thanks for reading. I wish you all great health and prosperity in 2022 and beyond!


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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