TheDailyGold: Monthly Charts Argue Bottom Is In....

Published: Wed, 11/30/22

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Thursday, November 30, 2022
 
 
 

Good Morning!
Weekly charts are more important than daily charts. But monthly charts carry quite a bit more weight than weekly and daily charts.

The monthly charts (and it's reasonable to mention them with only two days left) make a strong argument that precious metals have bottomed and the cyclical bear market is over.

Click Here for Video Analysis on Monthly Charts 



Precious Metals have rebounded but have lost steam as overhead resistance is nearby.

What is next? What is the next catalyst? What could be the leading indicator? Read my article for my thoughts. 

Click Here for My Article


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This chart is from Stifel and shows valuations of senior and intermediate producers and then explorers (in red). I guess they skipped over junior producers.

Valuations certainly have a long way to climb and interestingly, valuations for both groups did not trend higher as you would have expected during the August 2018 to August 2020 cyclical bull in Gold. 

 


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In TDG #605 we wrote an updated report on a company that was outside of our top 10. 

For several reasons, it is now in our top 5. The stock has recovered but remains well off its highs. Something happened that has put it on a better trajectory over especially the next year to 18 months.

With a market cap of around $400 Million now and plenty of cash now, this company has the ingredients to be a 10-bagger if we have a real bull market over the next 2 to 3 years. 


In TDG #606 we covered our top 9 companies. We analyzed current developments, opportunities, risks and the type of potential each company has.

We have a clear top 5, a clear number 6 and then three more to round out our top 9. Subscribe and you can download this update within minutes.  
 

 

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Thanks for reading. I wish you all great health and prosperity.
 

-Jordan
 

Disclaimer: This newsletter is intended for informational and educational purposes only and should not be considered personalized and individualized investment advice. Investment in the precious metals sector contains significant risks. You should consult with an investment advisor and do your own due diligence before making any investment decisions. This email may contain certain forward looking statements which are subject to risks, uncertainties and a multitude of factors that can cause results and outcomes to differ materially from those discussed herein.  
 
 

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