Tuesday, March 5, 2023

Good Morning!

Gold cleared $2100 convincingly and has taken a giant step toward a new secular bull market.

How fitting, after I explained why Gold's secular bull market had not started.

In short, if Gold begins to outperform the stock market (and 60/40 portfolio) then the secular bull market will be confirmed. More on that in the future. 

But for now, Gold has broken out of an absolutely beautifully bullish setup. Click below to read my article. 

Article: Gold Cup & Handles Abound (5 Min)

Gold Breakout Analog Chart (NEW)

Just put this together.

Plotted the performance of Gold post-breakout onto the current scale. There are 6 historical breakouts in Gold.

All 6 reached at least $2800 in the first 8-9 months following the breakout. 

In TheDailyGold Premium.....

In TDG #871 I updated our Top 10 Company List and published a report on a company which has the most long-term upside potential of all Top 10 and Model Portfolio Companies.

In TDG #872 I provided updated technical analysis of each of our companies, added a company to our watch list and planned to deploy a good chunk of our cash. 

This junior producer has a notably large market cap, a positively trending stock, yet potential to grow its production by 60% over the next two years. Its in one of the safest jurisdictions and I calculate it has up to 4x potential if Gold can reach $3000 within 24 months. 

The Top 10 & Watch Lists are in table format that contains the company name, status (producer/developer/explorer), current market cap & cash position and roughly 100 words of analysis.

You can immediately get up to speed by downloading TDG #872 and reading the Top 10 & Watch List Tables on pages 3-4 and downloading our 2023-2024 Company Reports File.