TheDailyGold: Gold Hits $1900 Resistance. What's Next...

Published: Fri, 01/13/23

The Daily Gold
Jordan Roy-Byrne, CMT, MFTA


Friday, January 13, 2023


Good Morning!

Considering Gold hit resistance, GDX & GDXJ are closing in on their upside targets and Silver has been lagging for weeks, what is next is likely a pause or a pullback. But I digress. 

I'm thinking about something else....

If the 2-year yield continues lower then the Fed meeting in three weeks could mark their last rate hike.

I explain why in this video and why the S&P 500 and miners could correct as this happens. Counterintuitive, I know.  

Click Here for the Video


This is a bull analog or rebound analog chart showing GDXJ's performance from the lows of the past 15-20 years.

If Gold breaks $2100 this year then the black line could follow the path of the blue line.

Interestingly, (as an aside) gold stocks have not enjoyed more than a 3-year bull market in 20 years. 



In TheDailyGold Premium...

Something I am thinking about on the exploration side is companies and/or deposits that can go from good to great. I like to spot something that has some proven value yet potential to grow that by 5x or 10x.

The higher quality juniors are already moving and some have moved a lot. If we get a pullback, look to buy 10% to 15% weakness. 

There is still plenty of value on the exploration side and that is what I've started focusing on. I will have a company report this weekend out on one situation that has value and the aforementioned potential. 



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


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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