Although gold had a nice run there is still a concern that that monthly chart put in another lower high. What is even more concerning is the silver and GDX charts that are still in downtrends ever since the bounce in 2016. Jordan Roy-Byrne, Founder of The Daily Gold shares his thoughts on what the longer term charts are showing us.
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.