Friday, June 21, 2024

Good Morning!

Gold has held above $2300 while Silver yesterday bounced strongly off previous resistance around $29.

The longer Gold and Silver hold these levels, the more bullish it becomes.

We have recently said or written about how bull markets in Gold and Silver can run hot and it is too early to expect a significant correction.

But I digress....

Yesterday I interviewed Rick Rule. He provided a history lesson on the 1960s and 1970s and also commented on the state of developers, producers and explorers. 

I will share some of my takeaways (and a few nuggets from off camera) for subscribers. 

Gold Analog Charts

This chart plots the four best cyclical bull markets in Gold and then an average of the four (dotted line). 

The average hits nearly $2900 at the end of Q1 in 2025 and $3500 around 15 months from today. 

The breakout analog chart plots daily data of all the breakout moves in Gold and puts them on the scale of the current breakout.

Every breakout reached +$2800 by Q1 2025. 

In TheDailyGold Premium...

One thing I covered last weekend in TDG #887 was the positive divergence in the GDX Advance Decline line. (It's not too far from making another higher high). 

I also added a new company to our Exploration Company Table. 

This weekend I am going to run through our Top 12 companies and quickly assess the upside potential in each. This will be available in our easy to read tables.

I think about the potential at $3000 Gold and $40 Silver, but then realize we could see even higher levels within the next 18 months.

Rick Rule hammered the importance of stock selection. I got religion on that last year and am proud of my company lists. Unfortunately, there are too many investors that are invested in the wrong companies and won't seek professional guidance.   

Our company tables allow you to digest important information on many companies quickly.

You can extract quite a bit of info on many companies very quickly.