TheDailyGold: The Next Cup & Handle Breakout....

Published: Wed, 05/08/24

Updated: Wed, 05/08/24

Wednesday, May 8, 2024

Good Morning!

Gold is two months into its historic cup and handle breakout. It has incredibly bullish implications over the next 5-10 years.

You are probably tired of hearing me talk about it....

The next major breakout will be the inflation-adjusted Gold price making a new all-time high.

This is not a perfect cup & handle but it is much closer to one than Silver is, but I digress.

This is a breakout from a 45-year base that is coming.

Subscribe to TheDailyGold Premium for Only $149

Gold Stocks Charts....

Here are a few more charts for you.....

The miners are sporting a positive divergence.

Gold & Silver have made lower lows but the miners have made higher lows. (There also is one in the GDX A/D line too).

These are charts of two juniors that have two of the best bases I have seen in quite a while.

The first stock is breaking out from a 13-year base and the second could soon break out from an 8-year base.

In TheDailyGold Premium...

In TDG #881 we covered a company that has an enterprise value of only roughly US $225 Million. This company has a reasonable probability of two operating mines in the next 4 years.

The stock is bottoming and I think it continues to consolidate for a little while. There is a reason the stock is cheap and I think that reason fades away by the end of the year.

If they can build the first mine and Gold continues higher, I think it could have 7-8 bagger potential over the next 2-3 years.

The company is not a Top 10 Company right now but could be soon enough. I am looking for the future Top 10 companies that have more upside and this particular company fits the bill.

In TDG #778 we updated notes on our Top 10 Companies.

Here is what it looks like with blurred text and other markings. But you can get a sense of it.

This is like Cliffs Notes for all our favorite companies. And all on a single page.

You want to be invested in the right companies for this bull market.

Subscribe to TheDailyGold Premium for Only $149

Thanks for reading. I wish you all great health and prosperity in 2024 and beyond.

Jordan Roy-Byrne, CMT, MFTA

Publisher, TheDailyGold

United States Postal Service
PO Box 51131
Seattle WA 98115
USA

Unsubscribe | Change Subscriber Options