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Bullboard - Stock Discussion Forum Sky Gold Corp SRKZF


Primary Symbol: V.SKYG

Sky Gold Corp. is a Canada-based junior mineral exploration company. The Company is engaged in acquiring and advancing mineral properties in Canada and the United States. The Company’s properties include Evening Star, Mustang, Virginia, Imperial, Greenwater Lake, Kekekuab Lake and Sun Gold, Star Lake, Laurie, Horne, and KA Property. Its Shebandowan Portfolio consists of two properties located... see more

TSXV:SKYG - Post Discussion

Sky Gold Corp > This Could Be The Start
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Post by howestreetbull on Mar 05, 2022 8:47am

This Could Be The Start

Jordan Roy-Byrne – This Could Be The Start Of A Very Prosperous Period For Precious Metals Investors

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review the technical levels he’s watching to confirm the breakout in gold in the short to medium-term, and the very bullish outlook in precious metals for the longer-term.

 

We review why this recent monthly close in February above $1900 by a mere $0.70 wasn’t necessarily the reason for the big move higher in Gold on March 1st to start the month, he is encouraged by the strength of the move higher.   The main concern Jordan has is that he doesn’t want to see the breakout gap higher get filled this week, and it would be stronger confirmation if we saw a close above $1920-$1921 to end the week.   Next we discussed how it was also very constructive to see silver break up through $25 along with GDX moving higher, in tandem with the big move higher in gold, and for them both to have held onto most of their gains today.

 

Next we unpack the super bullish nature of the longer cup and handle target with a measured upside move to $3,000 gold, and then a further percentage move up to the $3700-$4100 level, in the next 2 to 3 years after Gold confirms the sustained move above $1900.   Jordan feels that regardless of the short-term gyrations in pricing, that we could be looking several years of strength in the precious metals sector

https://www.kereport.com/2022/03/02/jordan-roy-byrne-this-could-be-the-start-of-a-very-prosperous-period-for-precious-metals-investors/

Click here to visit The Daily Gold website and keep up to date on Jordan’s technical outlook.

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