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Good afternoon,
Gold broke past key resistance at
$1350-$1360 yesterday while today gold stocks of all stripes
(large-GDX, junior-GDXJ, explorers-GLDX) are breaking out after
consolidating for a few weeks.
Click Here for our
editorial, just posted an hour ago. It contains three
charts including the following which shows this rebound (blue) in
comparison to the other rebounds of the past 50 years.
It is not too
late to get involved. While most stocks have gained a great deal, we
think new money should focus on your favorites that have endured a
correction. Two of our favorites recently corrected 20% after strong
rises. That spells opportunity for newbies. Today we added a new name
to the model portfolio, a company which has transformed itself after
an acquisition. You can't buy everything in one day. Patiently look
for opportunity and take advantage when presented.
Also, we
always have an exit strategy. For this new company, we added a 5%
position but are using a 15% stop loss. If it closes below a certain
level, we'll lose 0.8% of the model portfolio and sell. That is how we
can limit losses. It is what we learned from our mistakes, rather than
blaming manipulation like so many others in this industry.
Consider subscribing to our
professional analysis and research. It's a pleasure to work for
subscribers because with out them we couldn't do what we love. While
many other newsletter writers could care less about their subscribers
we know that subscribers put faith in us to provide them high-quality,
actionable research and analysis.
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Thanks for reading. I wish you
all great health and prosperity this year.
-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 before making any
investment decisions. 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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