Mining Stock Daily Jordan Roy-Byrne: Is the Gold Correction Coming to an End?
Nov 5, 2025
Jordan Roy-Byrne, Founder of The Daily Gold and a renowned market analyst, shares invaluable insights into the gold market. He highlights key takeaways from the New Orleans Investment Conference, asserting that the gold bull market is just gaining momentum. They discuss the health of recent gold pullbacks and how miners can thrive at lower gold prices, along with technical breadth signals for gold equities that suggest potential rebounds. Roy-Byrne emphasizes the significance of understanding overbought conditions for savvy investing.
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Gold Is Structurally Under-Owned
- Gold remains structurally under-owned despite a huge recent breakout, signalling more upside over time.
- Low portfolio allocations (0.4% private clients at BofA) imply substantial potential inflows when sentiment shifts.
Conference Felt Smaller Than Expected
- Jordan described the New Orleans conference as enjoyable but not overwhelmingly crowded.
- He linked that quieter feel to his view that the secular bull market is still early and under-owned.
Corrections Tend To Test The 200-Day
- Post-breakout gold corrections historically bottom near the 200-day moving average.
- Expect support around $3,600–$3,700 as the 200-day moves higher over the next months.