Good Morning!

Gold Stocks made big moves almost immediately after Fed started cutting rates in last 4 rate cut cycles.

Here is the data: 

2019: +18% move in 1 month, (+35% 2 months prior) 

2007: +52% move in 2.5 months, +72% in 5 months 

2001: +41% move in 2 months, +87% in 4.5 months 

1989: +51% move in 9 months 

2019 saw very strong performance right before the rate cut because the Fed shocked market two months before, indicating it would cut.

GDX is on the cusp of a big breakout on the weekly, monthly and quarterly charts. It will be interesting to see where this ends in a few weeks. 

Next Leg Higher

In the article below we share reasons why the next higher in the sector could be starting.

Silver Charts

The weekly line does an excellent job of smoothing out the volatility in Silver. I prefer candle and bar charts but sometimes the line chart provides us better information. 

It shows how Silver has successfully tested support (2020-2021 resistance) twice. 

The Silver Bull Analog Chart shows that the average of the 4 best cyclical bulls puts Silver at $45 in next October. 

That is 13 months from now. 

In TheDailyGold Premium...

TDG #900 included, among other things, a company report, slight changes to our Top 10 Index and one page of coverage on some silver stocks we do not own.

I have been teasing this company for weeks as no-brainer takeover target. TheDailyGold Premium subscribers are up 35% and I think are looking at, potentially up to another 100% of upside.

There are still plenty of high quality juniors with 5x to 10x upside potential. However, you must act fast as quality is being bid up. 

We can help you get into the right companies that will outperform.

Thank you for reading.

I wish you all the best in 2024 and beyond.