Jordan Roy-Byrne, Founder of The Daily Gold shares his thoughts on the gold, GDX, and silver charts. It was a disappointing reversal for gold this morning as it reached $1,290 then dropped $10 in a couple hours. Overall the metal is still very much within its range however the stocks and silver continue to drift lower.
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.