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In this update...
- Editorial & Posts of the Week
- Podcasts/Interviews
- Company News
- Premium Sample & Commentary
Editorial & Posts of the Week
Editorial: Time to Buy Precious Metals Now
We've been alluding to a buying opportunity and we began to buy on Wednesday and we wrote this editorial after Thursday. This editorial is about 800 words long and contains 7 charts and our evidence for why now is the time to buy. Do you agree or not? Let me know what you think!
Other Posts of Note:
SAC Capital Partners Bets $240 Million on Precious Metals
Hedge Funds are at Highest Short Gold Position in 7 years
Podcasts
Jordan Roy-Byrne Interview with Alternative Investors Hangout
In this interview (it was conducted last Sunday) I provide short-term analysis on Gold & Silver, long-term market cycles and why stagflation is far more likely than hyperinflation.
Corvus Gold is Positioned to Ride Out Gold Volatility
Corvus founder & CEO Jeff Pontius discusses the company's recent news release and why it remains well-positioned for the future. Corvus has boosted its cash position and those who missed the stock in 2012 could take a look at it now that it has corrected.
Company News
Corvus Gold to Sell JV Interest in Terra Project for $6M and 750K Shares
First Majestic Silver Elects not to Match Couer D'Alene's Offer for Orko
Huldra Silver Boosts Financing to $10M
Premium Sample
Last Monday we published TDG #295 which was a 26-page portfolio update focusing on the companies in the model portfolio and some on the watch list. We provided downside targets for these stocks as well as coverage of the metals and stock indices. Quoting from our premium update:
According to our analysis we see 7-12% downside for HUI & GDX. Our top 10 index has ~9% downside....We are seeing “forced selling” as Jim Rogers likes to say. Given that and given that we see another 7-12% possible downside, we should be prepared for another ugly day or two and then prepared to take advantage.
Wednesday we began to dip in with limit order prices and most were hit by the end of the week. Our top 10 index made a low on Wednesday and recovered into the weekend. Note the chart below. The index bounced from the 400-day moving average as well as the first lateral support. The index at one point declined 22% in its past month! And these 10 companies are all making money, operating well and not tiny illiquid companies.
When investing and speculating in this sector, one thing I've learned is to buy an extremely oversold market that is at strong support. In TDG #295, we pinpointed this support and it was hit in an extreme oversold state. Potentially, the index could dip a bit lower or it could "back and fill" for a week or two. In any event the mining stocks will need time to base and generate positive momentum. The key point though is near-term downside potential is quite limited. We certainly didn't go all in at once. The approach is to take your time and scale in. As we've already noted, that reduces portfolio risk and volatility.
Finally, I'm also encouraged by the action in some of our top picks. Find the companies that are holding up well, have little technical damage and are the first to bottom. Provided they have the right fundamentals, these will be the stocks that benefit the most when the market returns to bull mode.
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Wishing you good health and profits,
-Jordan
Disclaimer: Sponsor Companies are paid sponsor companies of TheDailyGold.com website and this free newsletter. Do not construe sponsorship with a recommendation. The author of this newsletter is not a registered investment advisor. This newsletter is intended for informational and educational purposes only and should not be considered personalized and individualized investment advice. Investment in the precious metals sector contains significant risks. You should consult with an investment advisor and due your own due diligence.
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