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In this update...
- Links of the Week
- Company News
- Premium Service Notes
Links of the Week...
Precious Metals Video Update
This video was recorded Friday afternoon. It is four minutes long and we examine the historical bear market analog charts we produced for Gold, Silver & the gold stocks. Essentially we can see how the current bear shapes up with the bears of the past. Does history tell us when the current bear may end? Check out the video of course!
Gold Stocks Nearing a Bottom
This was written on Tuesday. We share our thoughts as to how things could play out going forward.
Investors Intelligence: Sentiment at 26-Year Highs
The amount of bears is the lowest since 1987 while the bull/bear ratio is its highest since 1987. Does this mean the market will crash next week or month? No. Coupled with other indicators it makes a strong argument for staying out of US equities. Long-term upside is extremely limited right now.
Company News...
First Majestic Silver Begins Production of Silver Dore Bars at Del Toro Mine
Very few companies can say they are increasing production right now. First Majestic was a huge winner coming out of the 2008 mess. Will it big a big winner coming out of the 2013 mess? The company is increasing production and over the past years has statistically been the most leveraged silver company to a rise in the price of silver.
Balmoral Resources Reports 9.4 g/t Au @ Northshore Property
This is actually from Balmoral's partner, GTA. The real news for Balmoral will come next year when it reports its maiden resource estimate for Martiniere.
Corvus Gold Expands High-Grade, Bulk Tonnage Stockwork Zones at Yellow Jacket
Corvus Gold: Jeff Pontius Discusses the Latest Results & More
Jeff Pontius covers the latest drill intercepts, the company's recent financing and the company's current plans for 2014.
Premium Service Notes:
We took profits on our short positions earlier this week and entered back into those positions on Friday. It's been a tough year but the model portfolio has held up very well over the past six weeks thanks to a high cash position and short positions. We've given subscribers targets as to when and where a bottom could occur and at what prices short positions should be liquidated.
One thing to note is that a fair number of stocks have already bottomed and won't make new lows. Some will make higher lows and some will make double bottoms. It's important to identify these companies as they will rebound the soonest and the fastest.
In our last update #335 we covered some long-term speculations and we added one to our list that looks very intriguing.
Consider a subscription soon. Not only could the market finally be in position to make a final bottom soon but we are also going to update all of our reports for the new year. I'm excited to do these updates.
Thanks for reading. 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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