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In this update...
- Links of the Week
- Podcasts
- Company News
- Premium Sample & Commentary
Links of the Week...
Gold Bears Suddenly Appear, More Emboldened than Ever
This is a true editorial of 1,750 words in which we respond to some of the nonsense put forth by those who hate and misunderstand Gold and its purpose. Let me know if you agree or not!
Daily Notes from Tiho Brkan on various trends & markets
Tiho is putting forth some fantastic information and analysis. I urge you to sign up for his free newsletter which is published bi-weekly. He provides some comments on gold stocks in this post.
Podcasts...
Bear Creek Mining's Corani Project Clears Important Hurdle
Andy Swarthout, founder and CEO of Bear Creek discusses the company's successful meeting with the communities who have a stake in the Corani project. Shares of Bear Creek performed quite well this week and didn't break below their 2012 low.
Andrew Chanin Discusses new Junior Silver company ETF
Andrew Chanin is the co-founder and COO of Pure Funds which has developed some new ETFs. That includes an ETF for junior silver companies. The symbol is SILJ. It's not trading much volume at the moment but I expect this to be a mainstream ETF two to three years from now.
Company News...
First Majestic Produces 2.73M oz Silver-eq in Q1
Last time the mining stocks were at the end of a bear market, First Majestic turned out to be one of the best buys at the time. Is this round 2?
Argonaut Gold Produces 28.9K oz Gold in Q1
When Argonaut is down 50% off its high, you know gold stocks are probably close to a major bottom.
Bear Creek Holds Corani EISA Public Hearing
Resource investors looking for good news and a bright spot during a bad week should hone in on Bear Creek and this release.
Premium Sample
Last weekend we published TDG #304, a 16-page update which included 2,723 words on catalysts for Gold, analysis of the model portfolio and what we can expect provided precious metals embark on a final cyclical bull market that lasts a bit longer than the others.
Here is an update of our top 10 index. At the low from a few days ago the index was down 45% from its high and 34% year to date. The good news is (and its the same for the HUI), there are two open gaps that will be filled eventually.
Here is another chart which shows the price to cash flow valuations for senior and mid-tier producers.
As you can see, the seniors are trading at least at 23-year lows (in terms of price to cash flow) while the mid-tiers are trading at 11-year lows.
The short-term will be quite volatile as precious metals search out a bottom and then try to build a base. In any event, the sector is extremely oversold and its probable that three months from now and six months from now, the sector is trading materially higher.
We are working on multiple new reports for subscribers as well as regular updates. We think now is the time to scale into positions in earnest. If you haven't subscribed yet and you are invested in this sector, then consider a subscription. We thank our subscribers for allowing us to do what we love.
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. This email may contain certain forward looking statements which are subject to risks, uncertainties and a multitude of factors that can cause results and outcomes to differ materially from those discussed herein.
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