Jordan Roy-Byrne, Founder of The Daily Gold joins us to outline some of the extreme short term breadth levels in HUI and GDXJ. With 100% of stocks in the HUI over the 20 and 50 day moving-averages and 96% of the stocks in GDXJ are over those moving averages as well. We also recap the strong month of May for gold and how gold and silver are set up for June.
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.