Precious Metal Video Update: Red-Hot Gold Stocks Will Cool Off in August
Jordan thinks a correction is coming. GDX & GDXJ hit major resistance levels and breadth indicators are extremely overbought. We highlight support levels in Gold & Silver.
Top Stock Pick: https://thedailygold.com/TopStockPick
Talking Points From This Week’s Episode
• Market risk is up and overheating.
• Short term concerns and GDX breadth indicators.
• Lots of upside after a correction.
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.
To subscribe to his newsletter or podcast visit: https://thedailygold.com