In this update....

- Editorial

- Podcasts & Sponsor News

- Premium Sample

Editorials...

Read why we believe gold stocks are approaching a crossroads that should be resolved sometime in 2013. GDX 55 is a very significant level. You will enjoy some of the charts in this piece.

Podcasts & Sponsor News...

Yesterday Corvus Gold reported great results at Yellow Jacket. Want to know the significance of this news?....

Listen to our interview with Corvus Gold founder and CEO Jeff Pontius.

Huldra Silver is now in production. We discussed it with CEO Ryan Sharp. I have to say, Ryan is one of the hardest working guys in this business.   

Premium Sample...

Earlier today we finished a 10-page timing update for subscribers. We looked at the usual things as well as some intermarket related indicators for the precious metals sector. These are things that can help guide our bullish or bearish posture. Those things I will not share but here are two charts we will share...

First, this is an index of a certain number of companies that we classified as outperformers since 2011 (or the beginning of the cyclical bear). The takeaway here is that this group of leaders made a short-term top and has 15% downside to a confluence of support (previous resistance & 200-day MA). Recently, we sold two of these names and a good portion of a third. This chart confirms that it was a prudent decision. Leadership within a bull market is always changing. Now, we hope we are smart enough to buy back in at the bottom! 

Second, is this weekly chart of GDX. If GDX closes above $48 tomorrow and pushes higher next week then this market will be in bullish standing. Our sketch shows how things could play out should GDX move higher next week. 

There you go. The gold stocks are digging in and trying to build support before they move higher and re-position for a future attack on $55. At the same time, leadership within this sector is changing and investors must be positioned in the right stocks. We've taken some profits and have built up a cash position that can be deployed. We also added to another position which we believe could be one of the strongest junior producers should Gold run to $2000. It is in a sweet spot. It's undervalued, increasing production and is a higher cost producer which means it is highly leveraged to rising Gold prices. Aside from that we have three others on our watch list (which we mentioned in the last letter to you).

For just $149, you can get our service for six months. We designed it to be the best Gold & Silver stocks service out there. If you own a position in this market, then why haven't you subscribed yet? It's an honor to work for our subscribers.

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Wishing you health and profits,

Jordan

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