Jordan Roy Byrne joined us for a look at the latest precious metals smackdown. As he said at the Vancouver Metals Investor Forum in January, gold is still technically in a bear market. Until it starts making higher highs and higher lows, this will continue. He was hopeful during gold's recent advance that it would break the trend line on the upside, but alas the rally ran out of gas. We probably won't see a steep decline, but we'll have to wait for the later in the year and see where it goes.
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.