Forced Selling & Low Valuations In Miners, Juniors
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In this video, Jordan Roy-Byrne reviews his bigger picture technical and macro outlook for gold, silver, and the precious metals mining stocks, in relation to how they are moving relative to US general equity markets. We spend some time breaking down this intermarket analysis for a secular precious metals bull happening in tandem with a broader market secular bear market is rooted in factual evidence from several prior periods. Next, we dive down into the disconnect in valuations he is seeing comparing several factors in PM stocks on a fundamental basis, and lately as a result of fund redemption selling. Lastly, he addresses the misconceptions and nuances around the often-muttered comment that “technical analysis doesn’t work for junior mining stocks.”
Video Length: 00:20:53
More By This Author:
First Bonds Crash, Then Stocks, Then US$Gold & Silver Heavy Selling, Miners Bull Pattern Fails
Juniors Struggling & GDX/GDXJ Downside
Disclosure: None