Technical Strategies For Tariffs, Trends, and Gold Breakouts - Dana Lyons and Jordan Roy-Byrne
Bearish turns, bullish breakouts—navigating a volatile market with disciplined technicals
This weekend’s KE Report dives deep into the charts. With market volatility spiking on the back of Trump’s new tariffs—dubbed “Liberation Day”—we bring on two technical experts to break down the short- and long-term implications for traders and investors.
First, fund manager Dana Lyons outlines how his quant models are signaling caution, even as sentiment flashes extreme fear. Then, precious metals analyst Jordan Roy-Byrne explains why gold’s latest breakout may only be the beginning of a much larger secular bull market.
📉 Dana Lyons: "Price is truth, and right now, it's telling us to stay defensive"
Market trend matters more than headline noise
Lyons’ internal models have remained bearish since December—even as sentiment extremes tempt traders to buy dips.
➤ “70 to 80% of a stock’s move is based on the overall market. Don’t fight the tide.”5520 on the S&P was a critical level—now it’s broken
Dana took a stab at a long, but quickly reversed after technical failure. His models remain in capital preservation mode.
➤ “We got hedged again. You have to stay disciplined.”Selective strength: energy, financials, and utilities
Some defensive sectors are holding up, with FXU hitting new highs. But Dana warns: “Relative strength won’t always save you in a downtrend.”Gold remains in an uptrend—but copper and silver lag
Dana’s sticking with gold exposure but isn’t adding aggressively given its extended run.
🏆 Jordan Roy-Byrne: "We're at the start of a real secular bull market in gold"
$4,000 is the next long-term target for gold
After breaking out of a 13-year cup-and-handle and a 45-year inflation-adjusted base, Jordan sees $3,900–$4,100 as the next technical target.
➤ “This move has only happened 4 times in 100 years. And every time, the bull market ran for at least 5 years.”Gold vs. 60/40 portfolio = breakout
Gold is now outperforming traditional asset mixes—a historic sign of capital rotation away from equities and bonds.
➤ “We’re just in the early innings. The real move is still ahead.”Miners are cash machines—and breadth is solid
Even if gold corrects short-term, miners may hold up well. Jordan notes that breadth metrics like percentage of stocks above 200-day MAs are strong—but not overheated.Silver at $35 = liftoff
Watch for a clean breakout above $35–$37. After that, Jordan sees little resistance on the path to $50.
🎧 Listen to the full Weekend Show for the complete technical breakdown, sector setups, and Jordan’s gold mining stock strategy.
🎯 Listen, Subscribe & Leave a Review
Don’t miss future technical updates and interviews with fund managers, economists, and resource experts.
🔗 YouTube | Spotify | Apple Podcasts | Follow us on X
Make sure to subscribe, leave a review, and share the podcast if you find these discussions valuable.
📬 Get Daily Interview Summaries + Weekly Company Recaps Straight to Your Inbox
Stay ahead of the markets with concise, insightful breakdowns of our daily interviews and in-depth weekly recaps of company updates from the resource sector. Whether you’re a retail investor or market watcher, our free Substack keeps you informed.