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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Lucky 13 for Gold?....
Published: Thu, 08/24/23
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Gold peaked in late August 2011, which is 12 years ago. Some important historical breakouts in market history occurred after 13 years. I run through the examples and opine on Gold's breakout potential in year 13. Video: Historical Breakouts After 13 Years Stocks? Bonds? Gold? US Dollar? They are all related right now. In this video I cover history and the current status of the secular trends of all these markets. This is very important big picture stuff. Click Here for Video: Every Market is Related Right Now ---------------------------------------------------------------------------------
In TheDailyGold Premium... This is part of the executive summary of TDG #844: The catalyst for Gold would be when the 10-year yield peaks and reverses, and it's a major catalyst if it plunges as the market starts discounting a recession. That’s also when real interest rates would decline, and the market would discount rate cuts. Everything is related (Gold, bond yields, stock market, economy, etc). There is quite a bit of technical damage in the metals and miners, but they are very oversold and should bounce very soon. Silver already started to dig in last week, and GDXJ and SILJ formed bullish reversal candles Friday. Breadth indicators are very oversold. I am taking a deeper look at all companies in order to figure out which ones really have the goods and will be 7 and 10-baggers and which ones won't. Two of the three we recently covered have 10-bagger potential from their low price of a few days ago. Much more is coming in future updates... -------------------------------------------------------------------------------------------
 Nevada King Gold (sponsor of this free newsletter) discovered oxide mineralization at its Atlanta Mine Gold project in Nevada (the #1 jurisdiction in the world) and has reported numerous, excellent drill hits. They have drilled high-grades over some lengthy widths. NKG reported 1.05 g/t Au over 89.9 meters and 1.74 g/t Au over 114.3 meters and 1.09 g/t Au over 61 meters. Those are strong hits for an oxide deposit. ---------------------------------------------------------------------------------
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