In this update...
- Editorial & Podcast - Company News - Premium Samples Editorial & Podcast Editorial: Equities, Miners, Commodities Nearing Major Turning Points
Tiho Brkan Interview: Magnificent Returns Coming After this Consolidation
The decoupling or negative correlation has intensified in the last few days. Equities are set to test major resistance while the miners are about to test major support. Could we be at a major turning point? We note that the monetary base has broken out to new highs after consolidating in 2011-2012.
Similar topics are discussed in the interview with Tiho. He believes that precious metals will begin their next move higher when the economy dissapoints and induces more action from the Fed and other central banks.
Company News
First Majestic Silver: Production Commences at Del Toro Mine
Balmoral Resources: Starts Drill Program at Detour
Huldra Silver: Update on Concentrate Shipments & Milling
Corvus Gold: Recovery Results show 88% Recovery at Mayflower Deposit
Corvus Gold: Drills 1.74 g/t Au over 72m at Yellow Jacket, North Bullfrog
Argonaut Gold: Produces 108K oz Au in 2012
Del Toro is the fifth mine for First Majestic and will be its biggest by sometime in 2014. Balmoral is going to have news out likely next week regarding some drill results. Huldra is moving closer towards commercial production. No start-up operation evolves perfectly. Both of Corvus' releases are very encouraging. The mettalurgy could now contribute to slightly better economics and that intercept at Yellow Jacket is quite good. Argonaut exceeded its guidance, like all great miners do.
Premium Sample Obviously it has been a tough start to the year for precious metals investments. The last three days were especially brutal. We took some losses this week in order to raise more cash. The good news is two fold. First, mining shares are going to retest strong support and could end up forming double bottoms on the long-term (i.e monthly) charts. Second, proper stock selection can avert a weak market. In a bull market one always wants to be in the best-performing sector. Within that sector, try to find the best stocks. We began to focus on that in 2012 and it proved instrumental in our success. In the past four years many stocks are up 10-20 fold while the XAU is only up 124%. The best way to recover losses and rebuild your portfolio is to find the companies best positioned for the next 12-18 months.
Thus, with the market potentially on the cusp of another major low, we've outlined our top pick for 2013-2014, top speculative pick for 2013-2014 and supporting "core" picks depending on risk. We've also noted our two favorite speculations for the next few years. We intend to personally build up positions in these four selections. Also, we provided buy targets for a number of stocks. (This is all available in our last two updates). We think the market could open down on Monday and perhaps make a reversal on Tuesday or Wednesday. If this happens then we could get a reversal candle for the week. We plan on doing some buying next week. Consider a subscription now as the market could be on the cusp of a great buying opportunity. For just $149 for 6 months you get our recent updates, past reports and immediate knowledge of our favorite companies for 2013-2014.
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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. We are not a registered investment advisor and information and analysis provided is for informational and educational purposes only. This newsletter is intended for informational and educational purposes only and should not be considered investment advice. The author is not a registered investment advisor. You should consult with an investment advisor and due your own due diligence.
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