Precious Metals Video Update: Key Support Levels & One Ratio to Watch
We focus on gold stocks and their current correction in the context of the big picture. Also, we touch on our favorite ratio to watch and why it is so important for Gold.
Talking Points From This Week’s Episode
- The prognosis for gold stocks.
- Gold vs. S&P 500 still bottoming.
- Gold stocks will likely correct until next year.
- GDX has long-term resistance to overcome.
- Targets for GDX and GDX.J
Jordan Roy-Byrne, CMT, MFTA is a Chartered Market Technician and Master of Financial Technical Analysis who is a member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication that emphasizes market timing and stock selection for precious metals investors.
Jordan latest book “The Coming New Bull Market in Gold” can be found for free on his website: https://thedailygold.com