The Prospector News

Jordan Roy-Byrne – “The Move in Gold Stocks is Just Starting”

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Jordan Roy-Byrne – “The Move in Gold Stocks is Just Starting”

 

 

 

 

 

Gold stocks are entering a sweet spot.

 

 

In recent months, we have written about how gold stocks outperform Gold after breakouts in the Gold price. This has transpired since March.

 

 

However, in the past two weeks, the miners began to lead Gold, although Gold had yet to break out of its consolidation.

 

 

The sweet spot occurs after the first move in Gold and into the second move.

 

 

In other words, Gold led the move from $2100 to $2400; now, miners can lead the move from $2400 to $3000.

 

 

Here is the evidence.

 

 

The GDX advance-decline line, a breadth indicator and often a leading indicator, made a new 52-week high two weeks ago. That was before GDX and Gold made new highs.

 

 

It was the first time the GDX advance decline made a new 52-week high in four years and only the third time in a similar context in the last 13 years.

 

 

 

 

 

 

 

 

 

 

In recent days, both GDX and GDXJ to Gold broke to new highs and made higher highs before Gold!

 

 

The GDXJ to Gold ratio closed Tuesday at a 14-month high, and the GDX to Gold ratio closed Tuesday at an 11-month high.

 

 

Furthermore, the GDXJ to GDX ratio has transitioned from a bearish trend to a bullish trend.

 

 

 

 

 

 

 

 

 

 

These indicators signal that the miners are leading Gold and that the larger juniors (GDXJ) are outperforming the seniors (GDX).

 

 

How well did the gold stocks perform during similar breakouts in the Gold price?

 

 

Following the 2005 breakout, GDXJ gained another 195% over the next two years and two months.

 

 

Following the 1972 breakout, the Barron’s Gold Mining Index surged 320% over the next two years and three months.

 

 

The epic breakout of the gold stocks in late 1964 (a proxy for Gold at the time) carried another 290% over the next three years and eight months.

 

 

If we have a recession, then it’s probable we get similar gains over the next few years.

 

 

To learn the stocks we own and intend to buy, with at least 5x upside potential in the new bull market, consider learning about our premium service.

 

 

Posted July 18, 2024

Share this news article

MORE or "UNCATEGORIZED"


IMPACT Silver Announces Closing of C$16.0 Million Bought Deal LIFE Private Placement

IMPACT Silver Corp. (TSX-V: IPT) (OTCQB: ISVLF) (FSE: IKL) is ple... READ MORE

September 17, 2025

Minera Alamos Announces Completion of C$135 Million Bought Deal Offering

Minera Alamos Inc. (TSX-V: MAI) is pleased to report that the Com... READ MORE

September 17, 2025

Tier One Silver Closes $6.5 Million Oversubscribed Equity Financing

Tier One Silver Inc. (TSX-V: TSLV) (OTCQB: TSLVF) is pleased to announce... READ MORE

September 17, 2025

Pine Ridge Uranium Project Delivers Excellent Initial Drill Results

Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) a... READ MORE

September 17, 2025

Hercules Metals Intersects 81 m of 1.5% Copper Within 346 m of 0.66% Copper in First 2025 Drill Hole Completed at the Leviathan Porphyry System in Idaho

Strong hypogene enrichment intersected in first 220 m step-out; s... READ MORE

September 17, 2025

Copyright 2025 The Prospector News