Pinnacle Digest writes: Gold continues to fall under selling pressure despite an almost 2 year consolidation period. Gold lost more than $20 an ounce Tuesday and traded at $1,372.85 USD just after 2 PM EST. Jordan Roy-Byrne a permabull when it comes to gold has outlined 6 key reasons why he believes the coming rebound in gold will be a big one.
1. Huge rallies begin from these conditions
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Jordan Roy-Byrne, CMT (Trendsman) is a Chartered Market Technician, a member of the Market Technicians Association and from 2010-2011 an official contributor to the CME Group, the largest futures exchange in the world. He is the publisher and editor of TheDailyGold Premium, a publication which emphaszies market timing and stock selection for the sophisiticated investor. Jordan has 14 years of investing experience.
Since January 2010, The Daily Gold Premium Model Portfolio is up 84% compared to GDX (3%) and GDXJ (1%). Jordan’s work has been featured in CNBC, Barrons, Financial Times Alphaville, BusinessInsider, 321gold, Gold-Eagle, FinancialSense, GoldSeek, Kitco and Yahoo Finance. He is quoted regularly in Barrons. Jordan was a speaker at PDAC 2012, the largest mining conference in the world. In his spare time he enjoys spending time with Mrs. Trendsman.