The Prospector News

Jordan Roy-Byrne – “Watch These 3 Gold Indicators Now”

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Jordan Roy-Byrne – “Watch These 3 Gold Indicators Now”

 

 

 

 

 

Last week we wrote about the inevitable bullish fundamentals for Gold.

 

 

Recent events that followed our editorial signal that the inevitable is moving closer to imminent.

 

 

Due to bank failures, a pending hard landing, and the like, the Federal Reserve will have to cease its rate hikes and ease policy amid not moderate but relatively high inflation.

 

 

Markets may recover for a little while in response to immediate policy actions. Gold’s sudden rebound could pause.

 

 

However, we know where this is ultimately going.

 

 

In the meantime, you should watch three important indicators to get a feel for Gold’s short-term momentum and outlook.

 

 

The first is how Gold performs around resistance at $1950, which is weekly, monthly, and quarterly resistance.

 

 

If Gold can close March above $1953, it will mark the highest quarterly close ever and the highest monthly close in almost three years. It would also mark the third-highest monthly close in history.

 

 

The other two things to watch for are Gold’s performance against the stock market and Gold’s performance against foreign currencies. These two usually lead or signal future moves in the Gold price.

 

 

On Wednesday, Gold against the foreign currency basket made its second-highest close ever, while Gold against the stock market made its third-highest close in the last two years. If and when both charts surpass and hold above the red lines (arrows), Gold should be on its way to the August 2020 high.

 

 

If Gold cannot surpass $1950 and the stock market plunges, Silver and mining stocks could get hit one last time.

 

 

On the other hand, if Gold can break $1950-$2000 relatively soon, then the gold stocks and Silver will follow. They will strongly outperform when Gold breaks $2100.

 

 

I focus on finding high-quality juniors with 500% upside potential over the next few years. To learn the stocks we own and intend to buy, with at least 5x upside potential in the coming bull market, consider learning about our premium service.

 

 

 

 

Posted March 16, 2023

Share this news article

MORE or "UNCATEGORIZED"


Impact Silver Intersects 18.03% ZnEq over 2.60m Including 23.70% ZnEq over 0.73m at the Plomosas Mine

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

July 29, 2025

Surge Copper Announces Closing of $5.9 Million Private Placement and Provides Update on Concurrent Strategic Investment

Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2)... READ MORE

July 29, 2025

Opus One Gold Obtains 1.98 g/t Gold Over 11.9 m From Hole NO-25-21, at 400 Vertical Meters on Its Zone 1 Gold Discovery, Noyell Project

Opus One Gold Corp (TSX-V: OOR) is pleased to announce that dril... READ MORE

July 29, 2025

Silver Mountain Completes Oversubscribed $25 Million Bought Deal Prospectus Offering

Silver Mountain Resources Inc. (TSX-V: AGMR) (OTCQB: AGMRF), is... READ MORE

July 29, 2025

Mandalay Discovers New High-Grade Gold Trend at Brunswick South, Adjacent to Existing Costerfield Infrastructure

Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) reports ... READ MORE

July 29, 2025

Copyright 2025 The Prospector News