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In this update...
- Links of the Week
- Podcasts
- Company News
- Premium Sample & Commentary
Links of the Week...
Trends in Asset Classes set to Shift
We are going to expound upon these views in our next Premium Global update (for subscribers). We've been bullish on bonds for a little while and I think there's a case to be made for bonds to outperform stocks through the summer.
Rick Rule Interview from CEO.ca
Great text from this interview.
Rick Rule Interview from BullMarketThinking
Rick's quotes are highlighted and there is a link to the mp3 recording. This is a fantastic and surprisingly candid interview.
Podcasts...
Mickey Fulp: Gold is an Increasingly Bi-Polar Market
Mickey Fulp, the mercenary geologist, discusses the gold market, the effects of potential lower prices in Copper and long-term fundamentals for the commodity bull market.
Tiho Brkan: We are Close to a Major Low in Gold
Tiho Brkan discusses Gold, Silver, the mining stocks and why sugar is his favorite agricultural commodity.
Company News...
First Majestic Receives Positive Judgement of $89.6M in court case
The loser plans to appeal. I'm not sure when FM would receive the funds but it certainly appears to be fantastic news.
Huldra Silver Drills 910 m in 10 holes at Treasure Mountain
The company also notes that Lead/Silver concentrates shipped to the smelter (in April) already exceeded March totals with an estimated 166 dry tonnes shipped.
Premium Sample
In update #305 we put forth our short-term bullish view and we continue to feel that way. The sector remains extremely oversold and sentiment indicators remain very favorable to those wanting to be contrarians. Whether we get an immediate retest this week or not we will remain short-term bullish. The path of least resistance is now higher.
We also provided coverage on some exploration companies that are cheap as far as their market caps and cash position. Interestingly, our favorite of the group- which we added to the model portfolio is actually more of a development play. It has a strong portfolio of projects, management with a track record and some big-time partners. I'm really optimistic on this company at these prices and concluded in a later report that it's worthy of being a "core" position. The last non-producing/royalty company we called a "core" position was Corvus Gold for 2012. Corvus in 2012 was the top performing precious metals company on the TSX big board. The bottom line is you can find some high-quality exploration and development companies that currently have huge cash positions relative to their market cap.
It's been a tough year so far but listen to the smart money and the likes of Rick Rule. These are the times when the huge money is made. It's not be being a momentum player and jumping in and out of things for 5%. In the resource sector, one can make a killing by being a contrarian but as Rick says, you'll get killed if you buy the sector or index. You have to pick the right companies. If you want to find the best companies out there, consider a subscription. It's a great time to subscribe as we'll have lots of updates in the coming weeks.
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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