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In this update...
- Links of the Week
- Premium Sample
Links of the Week...
Another Chance Coming to Buy Gold & Silver Stocks
Asset Outperformance vs. Underperformance
Follow the Beta Plays in Silver with Junior Silver Miners
Bear Creek Mining Files Corani EISA Responses
Premium Sample:
In our last email to you (August 22), here is what we wrote about the gold stocks:
As for the gold stocks, over the weekend we noted that Friday could have been the start of a brief correction. GDX rallied up to what is now multi-month resistance at $31. GDX is also quite a ways above both the 20-day and 50-day moving averages. There is nothing to worry about here if you are long. The longer this pullback lasts, the more fuel the market will have for an eventual big breakout above $31.
As we said in our editorial, this correction could be the last chance to buy gold and silver stocks before they move quite a bit higher. They already are up substantially from their lows but this correction could setup another leg higher. Check our editorial to see how the current rebound compares to some in the past. It is following a similar path.
Also, the chart below is something I put together this weekend. I looked at weekly data from the HUI from the end of August to early May (from 2001-2013). The blue line is the average of all 12 years. The black line is the average of the 6 best years. The last two of these seasons have been quite negative. It's another reason to think the market is due for strong performance during what is typically a strong time of year.
In our premium update sent Sunday (#322) we noted how long the current correction could last and at what point the sector could challenge for its next breakout. We will share the simple point that we are watching the 50-day moving averages on the charts. Pull up a chart of any mining index and just look at the progression of the index & the 50-day MA over the past several months. That tells you all you need to know about the trend reversal and current trend.
Consider a subscription and find out which stocks we are holding and which ones are on our watch list. You'll receive all recent updates and major reports which includes:
-Top 5 Growth-Oriented Producers (30 pages)
-Report on 6 exploration & development companies (23 pages)
-Report on Premium Criteria for Selecting Companies
-Report on Rules for Investing & Trading Mining Stocks
-TDG #320 Report on Model Portfolio & how to build a portfolio & categorize risk & potential
-TDG #323 Chart Analysis on Model Portfolio Holdings (22 pages)
It has been a slow summer but we are looking forward to providing more actionable content (for readers and premium subscribers) in the immediate future. 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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