TheDailyGold: When This Happens, Gold Begins Secular Bull...

Published: Fri, 12/23/22

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Friday, December 23, 2022
 
 
 

Good Morning!
The stock market is on the cusp of a new secular bear market, but it's not there yet. 

This is going to be the key development that has been missing for precious metals since the major bottom in 2016. 

Precious Metals have made their biggest and best moves during secular bears in US equities. 

Read my article below to learn the key trigger and then the second important event that will follow.

Click Here for the Article



If and when the S&P 500 falls into a secular bear, you can expect significant moves to the upside in the Gold/S&P and Silver/S&P ratios. 

In the video below I prove an update on the current outlook for these ratios and the two key levels to watch. 

Click Here for the Video


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Interesting chart here which shows the percentage of fund managers (surveyed by BofA) that think Gold is overvalued.

Interestingly, the survey correlates somewhat well to lows and highs in the price of Gold.

It's not the strongest data point for me but it is another piece of evidence that Gold has hit a major bottom.
 


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In TheDailyGold Premium...



In TDG #809 we stated our intention to buy a position in a watch list company...

This is an exploration company trading around its lows (with the end of tax loss selling coming), with over C$10 Million in cash and set to report assays from up to 100 holes over the next month or two. 

They are working in the best jurisdiction, and if they could double their resource and maintain the grade, I see at least 5x potential upside at $2000 Gold.

There are more than a handful of companies like this out there. You just have to look. Now is the lowest risk buy time for these situations. I honestly cannot think of a lower risk entry point. If exploration does not go as well as expected, you will not get hit hard like in 2021-2022. 

Elsewhere the miners are still following the market and lagging the metals a bit. We could get a broad tax loss bounce in January.

If the S&P is going to drop to 3500 in the coming weeks then I think miners will sell off initially.  
 

 

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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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