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In this update...
- Links of the Week
- Company News
- Premium Sample
Links of the Week...
6 Reasons Why Gold Stocks will Begin a Big Rally
We argue why a big rally is coming.
Podcast: David McAlvany: As a contrarian, sentiment (in Gold) is perfect
David McAlvany is a new guest. He's very well spoken and knowledgeable.
Podcast: Dave Skarica Provides Macro-Market Update
Our friend Dave Skarica who turned super bullish on PIIGs markets a year ago, provides his broad outlook for a number of markets.
Tiho Brkan: Portfolio Update, Purchased Silver
Read his rationale for why he bought and why now.
Fund Managers Purchase over $183M of Call-Options on Miners
Soros, Cohen and Paulsen purchased $183M in new call-options on miners and junior miners. The smart money is taking a tiny portion of their assets to make a speculative bet. Pros buy at the bottom.
Company News...
First Majestic Announces Q1 Financials: $67.1M Revenue and $26.5M Earnings
Argonaut Gold Announces Q1 Financials: 43.1M Revenue & $11.6M Earnings
Huldra Silver Drills 1.12m of 825 g/t Ag at Treasure Mountain
Corvus Gold Secures Electrical Power at North Bullfrog
Premium Sample
Last week we updated our Macro-market report (a total of 46 pages) which looks at the near-term and future outlook for US equities, emerging markets, bonds and commodities.
Here are some premium tidbits from that report...
-Fund managers as surveyed by the monthly Merrill Lynch survey are at their most underweight commodities in 4.5 years
-The cumulative speculative long position in commodities is at a 4.5 year low
-The valuation spread between developed and emerging markets its at a 8-year low (in favor of emerging markets)
-Government bonds appear to be following a similar pattern to the 1930s and 1940s
-There are technical upside targets for S&P, NYSE and VLE that are 5%-10% higher
Last Thursday we were stopped out of a few positions and we published TDG #308 highlighting new downside targets for GDX, GDXJ and SIL (the miner ETFs).
The precious metals market reversed course to start the week and now the question is have we seen a bottom and will the double bottom in Gold hold? Gold has daily support at $1350 and resistance at $1400. Silver has daily support at $22.00 and resistance at $23.00. The monthly charts are the most consequential. Recall that both metals had bullish reversals in April. There are 8 trading days left this month. Will the metals break daily resistance and close May strong? If that happens, its a strong indication of a bottom in place. If not, then subscribers know our next downside target.
Consider a subscription to TheDailyGold Premium, as you'll receive all of our recent (and future) updates and reports. With your subscription, in addition to our intensive coverage of precious metals you receive our monthly Global Premium service where we cover those aforementioned asset classes and markets. It is an honor to work for our subscribers.
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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