Podcasts

Jordan Roy-Byrne’s gold price and mining stocks outlook

Episode 99: GoldMoney’s Dominic Frisby talks to Jordan Roy-Byrne, publisher and editor of TheDailyGoldPremium. They discuss the performance of gold mining stocks and his outlook for this (at the moment troubled) market. Jordan also gives his take on where the gold price and broad equity markets are heading.

Roy-Byrne emphasises the importance of stock picking and technical analysis for ensuring success in gold stock investing. They talk about the good performances seen from royalty companies and opportunities in development ventures. Roy-Byrne also espouses on the relationship between gold and gold stocks, and states that there is actually no historical track record for large gold stocks outperforming gold over the course of a secular bull market.

He believes that gold stocks are currently at a low point from which they will start another cyclical bull run. Jordan also hints at a negative correlation between gold stocks and the broader equity market over the last 1-½ years. He expects a 25% correction in the S&P 500 – during which he expects gold stocks to perform well. And finally, he expects more consolidation in gold and silver before the next up move – which should take gold well past $2,000/oz.

This podcast was recorded on 11 February 2013.