Jordan Roy-Byrne: Don’t Let the Perfect Be the Enemy of the Good

Collin Kettell October 5, 2016
Category: Palisade Videos

Recently, we have seen gold make a downward turn. Jordan Roy-Byrne predicted this turn, and put a hedge on his gold positions. He thinks we should be looking for a bounce soon. If October doesn’t turn to be a bad month it will be a good sign that we will start to move up again. If the market takes more time to digest these losses, it could be anywhere from a month to a few months before we start to move back up again.

Jordan is on the bullish side, and thinks this is just a correction. For the most part, once this technical damage passes he thinks this is a great buying opportunity. In the minors we are not quite at a 30% correction yet, and now is a better time to buy gold than it was a few weeks or months ago when people were worried about the correction.

Buying and holding is the way you will make a large amount of money- not trading in or out. He makes buy decisions by putting a 20% mental stop on his position. So if you are putting a 5% to work and use a 20% mental stop, then you can only lose 1% of your portfolio. He gets into investments that have a big upside potential and a low downside risk.

Gold is already oversold and if we go down further, it will be oversold that much more- so now is the time you really want to step in and buy. The likely worst case scenario is that it might go down a bit for a few months before the trend reverts back to bullish. When you take the hedge and start to see significant profits, you should take them right away because a lot of that can disappear in one day.

Subscribe to our FREE email list and get our exclusive articles and ideas right when we publish them

It Won't Be Free Forever - Subscribe While You Can. . .

Get our Research for FREE