Tuesday, August 27, 2024

Good Morning!

Over the last year we wrote about the coming breakout in Gold from its cup and handle pattern. Then we, and many others, wrote about Silver breaking past $26-$28 resistance.

When is the last time we mentioned a breakout in the gold stocks?

I am talking about a real breakout through horizontal resistance. Not a little blip off a long-term downtrend. 

Fundamentals, technicals and sentiment are aligned.

Read more below.....

Greg Weldon is increasingly bullish.

In this interview he discusses the economy, Federal Reserve policy, stagflation and I nudge him on price targets for Gold & Silver.

In TheDailyGold Premium...

In TDG #897 we published a report on a top 10 company which has and continues to perform quite well. The company has two great assets and one with the potential to become truly world class.

Because of its success, the company will not be a 10-bagger from this price. We laid out how it could have 4x-5x upside and that would be very close to a 10-bagger from our original buy price.

Here is a new analog chart that we included in TDG #897:

We also noted (in TDG #897) one of our stocks which was a value buy recently and should benefit significantly from a higher Gold price. The price action in the stock is excellent and the stock could become a leader. 

When something is clearly undervalued and has big potential (and you are in a bull market), you have to buy it or risk missing it.

Do you want to invest in the best quality juniors with the most upside potential in a bull market? 

These companies are still trading at good values but I suspect those values will fade quickly as share prices move higher over the coming weeks. 

Thank you for reading.

I wish you all the best in 2025 and beyond.