Jordan Roy-Byrne: Tough Times Ahead… Gold to Bottom Around $1,000! – 10/27/14
This week we brought back Jordan Roy-Byrne on the show. Jordan is a well-followed market technician, and he’s an expert in all technical aspects of the precious metals markets.
Here is what you can expect to learn this week –
New low for gold ahead… why Jordan believes $1,000 gold is a strong possibility?
Find out why triple bottoms do not exist, at least not in the short term…
Short term support for the HUI is at 168, but will that support level actually hold? Jordan says probably not…
Jordan has voiced his belief that the GDXJ is a very strong index. But chances are that a new low is in store…
Jordan also discusses his Gold Bear Analog Chart, which compares all the historical bear markets in the mining sector to our declining market today. So how does the bear market of 2014 compare to all of the bears of the past century?
Also, find out what Jordan’s research has told him about what speculators can expect coming out of a new bottom. We’ll give you a clue – the returns are huge!
And finally the case for $3,000 gold by 2017!
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.