Jordan Roy-Byrne CMT, MFTA

Gold Stocks finally succumb to overbought breadth readings…

An update to one of my favorite charts

Gold was extremely overbought in the spring & due for a rest. It has corrected bullishly but is far from its 200-day moving average.   Meanwhile, breadth indicators in gold stocks are flashing some warning signs.   Let’s dig into both.   We start with the quarterly chart of Gold.   It’s not the end … Continue reading

GDX has broken out to new highs this week while GDXJ and the silver stocks are not too far behind.

GDXJ closed below $65 & has downside to $59-$60, Gold & Silver are targeting lower levels & AbraSilver hits 350M oz Ag-eq

Our first new flash-style update. Positive news in Mexico boosted GoGold & Minera Alamos & strong buying of GDX, GDXJ at support.