In this issue...
- Editorial
- Podcast
- Company News
- Premium Snippet
Editorials...
Today's editorial is titled: Potential intermediate targets for Gold & Gold Stocks.
We give medium and intermediate term upside targets for Gold and GDX. In the meantime, take a look at the chart below. We note the two levels of support for GDX. Also, in a strong trend the RSI indicator typically bottoms at 40. If this is a very strong trend then the RSI could bottom at 50. Will GDX bottom at $51 or could it be $49?
Podcast...
Yesterday we spoke with Sean Brodrick, the natural resource analyst at UncommonWisdomDaily. He discussed the global economy, what it means for Gold and his thoughts on Silver, Gold and the miners. He mentions one company he is watching closely.
Company News...
Corvus Starts Follow Up Drilling at North Bullfrog.
Corvus is drilling the Yellow Jacket section of the deposit. Currently there is no resource from Yellow Jacket but the company did report a super high-grade intercept. They are drilling it deeper. A number of good results here would be a huge catalyst for the stock.
Premium Snippet...
We sent our presentation to premium subscribers and the feedback has been quite positive so far. There was an increased turnout at the Toronto conference but I gathered that retail investors were not ready to be "all-in" on precious metals. Because we've endured two cyclical bear markets in the last four to five years the caution and hesitation among some investors is not surprising. However, as we pointed out in our presentation, it is one of several things that will facilitate this bull market moving much much higher in the coming years.
Today we are hard at work on the next premium update in which we'll have a new company report and among many things, some portfolio management guidance. As of yesterday the model portfolio was up 24.4% year to date with GDXJ up 0.1% year to date.
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Wishing you health and profits,
Jordan
Disclaimer: Sponsor Companies are only sponsor companies of TheDailyGold.com. Do not construe sponsorship with a recommendation. We are not a registered investment advisor and information and analysis provided is for informational and educational purposes only.
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