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In this update...
- New Podcasts: This Week in Markets
- Company News
- Premium Sample: Gold & Gold Stocks
New Podcasts: This Week in Markets...
This week we started a new series of podcasts which we will call: This Week in Markets. Every week we will have three different guests to discuss precious metals, commodities and equities. We want to provide you with a balanced look at various investments while maintaining a core focus on the commodity bull market. Let me know what you think.
Greg Weldon on Precious Metals
Greg looks at the technicals as well as the fundamental forces currently driving the metals.
Tiho Brkan on Commodities
Tiho provides a broad sentiment update on commodities and comments on Silver & Agriculture.
Dave Skarica on Equities
Dave looks at the S&P 500, gold stocks, Chinese stocks and more.
Company News...
Huldra Silver Provides Update to Shareholders
First Majestic Silver Reports Updated Resource & Economic Assessment for San Martin
Balmoral Drills 1.1 g/t Au over 46.8 m at Martiniere
Premium Sample: Gold & Gold Stocks
Despite Friday's snapback in Gold below $1400 we remain short-term bullish and expect a good rebound this summer. Our latest thoughts can be seen in this video interview at the recent Cambridge House Conference in which sentiment was notably negative.
Although Gold dropped over $20, the mining equities recovered a fair portion of their losses by the end of trading. While GDX and GDXJ are trading near two week highs, relative to Gold they are trading at six-week and four-week highs. In other words, the stocks appear to be leading the metal higher which usually happens at turning points. Anecdotally speaking, we're seeing a fair amount of stocks showing good strength. On Thursday we sent subscribers a list of more than 10 names which were showing quite a bit of strength. A few examples include Argonaut Gold, Pretium Resources and Franco Nevada. We did mention Rainy River which less than 24 hours later was up 35% on news of a takeover by New Gold.
The near-term outlook is positive. Does that mean Gold has hit a major bottom? It's impossible to know if Gold will test $1280-$1300 or even lower. How to manage that uncertainty is one thing we'll discuss in the next premium update.
One thing we want to do is identify companies which are currently cheap, have a strong financial position and have the best growth prospects over the next 2-3 years. This past week we updated reports on our top 5 growth oriented producers. We sent out the 21 page report of the 5 companies to subscribers yesterday. I am really excited about each of these companies as they fit the criteria I'm looking for. And, each of these companies has voiced their desire to take advantage of the current opportunities in the market. Development properties and even production properties are much much cheaper to acquire then compared to 2-3 years ago. The best growth-oriented producers will be able to use their strength to take advantage of the current conditions and add more assets to their portfolios.
Consider a subscription to TheDailyGold Premium, as you'll receive all of our recent (and future) updates and reports. You'll immediately receive this updated top 5 producer report. With your subscription, in addition to our intensive coverage of precious metals you receive our monthly Global Premium service. 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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