Jordan Roy-Byrne: Epic Bull Market Starting in Gold Miners
The Daily Gold, Released on 4/20/23
In this video we take a look at the simple math behind why gold miners and junior gold companies declined 50% to 70% from 2020-2022. The answer is also why gold stocks have badly underperformed Gold for 15 years: the Gold price has not moved up and costs have steadily increased. Gold has not been in a secular bull market for a while but now it is starting one. When Gold is in a secular bull, gold stocks can outperform Gold as the Gold price trends higher and outperforms cost increases. If you think Gold is going into a secular bull as I do, then you should be just as bullish on the gold miners.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.
Jordan Roy-Byrne: Epic Bull Market Starting in Gold Miners added by Herman James on 04/20/2023View all posts by Herman James ?+'