Jordan Roy-Byrne – Focus On Buying Value In PM Stocks With Gold Above $2300 and Silver Breaking Above $27
Jordan Roy-Byrne, Founder of The Daily Gold, joins us to provide some precious metals portfolio management tips, with gold breaking out above $2300 and silver finally breaking out above $27 and clearing the $26 resistance zone. He reiterates that if the larger cup & handle pattern on the gold chart projects to near $3,000, and the log target even higher to over $4,000, then the risk in the medium to longer-term is investors not being properly positioned for the ride higher.
We discuss shifting to a bull market playbook, with regards to sector pullbacks being more shallow and swifter and chart indicators staying more overbought, than in a bear market. We discuss why this is the time to be fully positioned, or getting positioned on corrective moves, in the quality growth-oriented gold producers, and quality developers that are within 1-2 years of getting their mine built and into production. He also likes the silver optionality plays with ounces in the ground that could get rerated higher on rising metals prices.
