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In this update...
- Company News
- Links of the Week: Potential Catalyst
- Premium Notes
Company News...
These companies have had important developments and we wanted to highlight it first. We anticipate catching up with the CEOs for interviews in the coming days or weeks....
Bear Creek Announces Favorable Judicial Decision
Peru's court ruled in favor of the company, who appealed the previous removal of its rights at its Santa Ana project. The stock jumped 35% on the news. Here is a good run down from CEO.CA.
Argonaut Gold Announces Q1 Financials, $2.8M Income
Argonaut cash flowed $12.9M and earned $2.8M on revenue of $39.1M. Look for Argonaut to advance its San Agustin project (acquired from Silver Standard) rapidly (if all goes well) in the coming quarters.
First Majestic Reports Q1 Financial Results
The company earned $6M in Q1. They will focus more on treasury growth and free cash flow going forward.
Balmoral Resources Intersects 33 oz/ton over 4.9M at Bug Lake Zone
Between this intercept and the Nickel-PGE discovery at its Grasset project, Balmoral is killing it. The stock has been on fire even as the sector has softened.
Links of the Week...
The Potential Catalyst for Precious Metals
The market as well as macro economy are indicating that inflation could be on the horizon. Why are precious metals lagging? Well, you will have to read the editorial. The bottom line is when precious metals make their next bottom, they will have some fundamental drivers to be able to sustain a rebound. The data points we mentioned were not there at the previous two bottoms in June 2013 and December 2013.
Miners Enter My Watch List
My friend Tiho Brkan has nailed the twists and turns in precious metals over the past 18 months better than anyone else. This is his latest and he notes that he will be making his first GDXJ purchase soon. For new readers, bookmark his site as its one of the best.
Premium Notes
Premium update #361 was a bit shorter than usual but that is because we wanted our view on precious metals to be crystal clear. The sector remains guilty until proven innocent. Using daily closing prices the large caps (GDX and SIL) have 13% downside to their December lows while the juniors (GDXJ, GLDX and SILJ) have 18% to 20% downside. There isn't much else we can say at this juncture.
When we got that hard reversal in March we thought odds were that the sector could retest the December lows in late May or June. I believe we have to be more patient but that patience will be rewarded with excellent buys at the start of the summer.
The precious metals sector has hung in over the past six or seven weeks but I expect that to come to an end. Buckle up! I think we see strong losses over the next three to four weeks.
For those who did not see our last email, we have made some changes to our service which can be summarized in these bullet points.
-One large update (~25 pages) each week sent on Fri/Sat
-Flash updates sent when we buy/sell something
-Reports & global updates sent sporadically
-New model portfolio which is a $100,000 brokerage portfolio.
New subscribers can see how we build positions in the coming weeks and months and will also see which companies we are buying or trying to buy and at what prices. In the past two weeks we did initiate a few small positions. One of them was Bear Creek which we are up over 30% on. Call it dumb luck.
The portfolio will only use equities (liquid enough) and ETFs. We are planning on buying JNUG, the 3x long GDXJ ETF which is very volatile. It recently gained 200% in only two months! JNUG can only be rented though. You can't hold it for long periods.
Unlike other services you don't have to wait to receive our information. You receive tons of material (well over 150 pages of analysis, research and guidance) up front plus everything that comes over the next 6 months. Consider subscribing to our professional analysis and research. It's a pleasure to work for subscribers because without them we couldn't do what we love. We never forget that because its true.
Thanks for reading. I wish you all great health and prosperity in 2014.
-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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