Jordan Roy-Byrne: Junior Gold Stocks will go Nuts when GDXJ Breaks Above 2016 Highs

Collin welcomes Jordan Roy-Byrne back to the program. Jordan is a regular contributor to Palisade Radio and is the editor and publisher of TheDailyGold.com.

Jordan expects a significant move higher in the GDX.J as soon as it breaks out of its seven-year base. He says, “These miners have a massive amount of room to move higher, and that’s what happens when something is at hundred-year lows, it’s going to trend higher for years.”

Mining stocks are still very cheap compared to gold, silver, and the rest of the stock market. Silver right now is likely even cheaper than the gold stocks. For several reasons, Jordan is not particularly concerned about miners correcting if there is another sharp decline in the broader markets.

Time Stamp References:
0:50 – Market outlook and GDX.J
5:00 – Evaluating juniors upside
7:00 – Discount miner valuations.
10:30 – When to get out.
15:00 – Risks from continued market decline.

Talking Points From This Episode
• Outlook for GDXJ
• Potential vs. quality in juniors.
• When you should exit a position.
• GDX to the S&P ratio.

Jordan Roy-Byrne, CMT, MFTA is the editor and publisher of TheDailyGold.com and TheDailyGold Premium, a premium publication that emphasizes market timing and stock selection for precious metals investors. He is a Chartered Market Technician and Master of Financial Technical Analysis. His Masters Thesis, which earned him the MFTA designation, was published in the International Federation of Technical Analysis Journal. Currently, no other technical analyst covering precious metals possesses the MFTA designation.

He earned a degree in General Studies from the University of Washington with a concentration in Internal Economic Development. He is also the author of several books, including “The Coming New Bull Market in Gold,” which is available for free on his website.

Jordan’s twitter is: @TheDailyGold

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