Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Jordan Roy-Byrne: Gold Hyperbole is Real, Price Setup “Super Bullish”

by April 23, 2024
April 23, 2024
Jordan Roy-Byrne: Gold Hyperbole is Real, Price Setup “Super Bullish”

Gold has pulled back from its recent all-time high of more than US$2,400 per ounce, but remains elevated.

‘We are in the real sweet spot for what is the biggest breakout for gold in the last 50 years,’ he said during the interview. ‘This is the time where a lot of the hyperbolic statements that people like me make, and have been making for the last three or four years — this is the time where it’s really ripe for those things to actually play out.’

When asked about gold’s upside and downside potential in 2024, Roy-Byrne was optimistic.

‘You had this 13 year super bullish cup and handle pattern, and so the market was really set up where if you could just get enough buying to push it above US$2,100 that could carry beyond that pretty quickly,’ he said.

Within that 13 year cup and handle he sees two potential mini cup and handles, which have measured upside targets of US$2,350 and US$2,500. The overarching cup and handle has its own measured upside target of around US$3,000.

‘(So) maybe we have a chance to get to US$3,000 by the end of the year,’ Roy-Byrne suggested, although he emphasized that there may be variation depending on how various factors play out.

On the other hand, he noted that gold has had six or seven major breakouts during its history, and in two of those cases it fully retested its breakout level. This time around, that would be US$2,100. Roy-Byrne thinks in that type of scenario it’s possible gold could drop to US$2,150 or US$2,120, but emphasized that he doesn’t think it will happen.

Watch the interview above for more of his thoughts on gold as well as silver in 2024.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand
next post
Top 9 Nickel-producing Countries (Updated 2024)

Related Posts

VVC – Commencement of Central Kansas Uplift Project

September 29, 2025

Iron Ore Exploration Commences in the Pilbara

June 27, 2024

Blue Sky Uranium Announces Registration of Mining Rights...

September 25, 2025

Noble Minerals Acquires a Rare Earth Project and...

August 18, 2023

WESTERN COPPER AND GOLD STRENGTHENS STRATEGIC PARTNERSHIP WITH...

April 15, 2025

5 Best-performing Canadian Oil and Gas Stocks of...

October 10, 2025

Cardiol Therapeutics Granted Orphan Drug Designation for its...

February 16, 2024

Skyharbour Announces Additional Uranium Property Acquisitions in the...

January 20, 2024

South Star Battery Metals

January 6, 2024

How to Invest in Rare Earths (Updated 2024)

May 6, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Lithium Market Update: Q3 2025 in Review

    • Despatch of SPP Offer Documents

    • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

    • Apollo Silver

    • Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

    Categories

    • Business (1,401)
    • Investing (3,062)
    • Politics (3,699)
    • Stocks (1,828)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved