Jordan Roy-Byrne - Technical Analysis: Gold, GDX and GDXJ; Correction Outlook

Jordan Roy-Byrne, CMT, MFTA, and Editor of The Daily Gold joined me to discuss his technical outlook for gold, GDX and GDXJ. While early on in a correction, after a strong run to overbought levels, Jordan outlines price levels to watch where the correction could bottom.

We discuss gold's performance against the 60/40 portfolio and the S&P. I also ask about Jordan's trading strategy for junior stocks where he explains how he would build cash and rotate money between outperforming and under-performing stocks.

Click here to keep up to date with Jordan on The Daily Gold website - https://thedailygold.com/

Timestamps
0:00 - Gold vs the 60/40 portfolio
3:11 - Gold vs the stock market
5:32 - Gold’s pullback, what level to watch
7:50 - GDX and GDXJ testing new support
11:19 - Could support or moving averages be broken by GDX and GDXJ?
12:51 - Trading strategy for metals stocks during this correction

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Disclaimer: The content in this podcast is not intended to be financial advice. It is meant for educational and entertainment purposes only.