TheDailyGold Free: Signs that Gold Stocks are Extremely Oversold

Published: Sun, 12/28/14


Newsletter
-
Sunday, December 28, 2014
 
Argonaut Gold Balmoral Resources
 

Here are some links to check out....

Miners Extremely Oversold as Tax Loss Selling Ends
The miners are extremely oversold according to a number of indicators, which includes sentiment indicators.  

Bullish Reversal in Miners but Metals Remain in Question
This editorial is a week old but relevant. Miners are holding support but the metals near-term outlook remains questionable. 

Interview with Wall St. For Main St.
This interview was recorded Friday. I share a few thoughts on 2014 as well as 2015. 

David Skarica's 2015 Forecast & Themes
Great interview in which Dave shares some of his themes for 2015. 

Predictions for 2015
Tiho shares some of his predictions for 2015. 

 

 


Premium Snippets

 

Here are three charts which were part of Saturday's premium update….

We start with an updated gold stock bear markets chart. The current bear is in blue. That is looking extremely oversold! True, the 1996-2000 bear went on longer but at this point on the chart it was over 50% higher, so it had room to decline.


dec26bgmi.png

 

 

This next chart plots the HUI Gold Bugs Index and the percentage of stocks making a new 52-week low. Note the previous spikes in the data. Sometimes a selling climax occurs and then a market will make a low weeks later. That happened in 2012 and then again in 2013. Will it happen again soon, following the climax in early November?


dec26hui200dbreadth.png

 

This next chart plots GDXJ (red) and its put-call ratio (blue) which can serve as a contrary indicator. In this case, previous spikes in the ratio have coincided with rallies in GDXJ. The last three spikes coincided with the three best rallies of the past 18 months. The put-call ratio has spiked again. Will GDXJ rally now?


dec26gdxjpc.png

 

It will be very interesting to see what occurs in early 2015. Miners are extremely oversold and with some follow through could start a sizeable rebound in percentage terms. 

Consider a subscription to our premium service as I believe we have one of the best services available. We are one of the only credentialed technical analysts who is the editor of a service. Secondly, we are one of only a few people who run a real money portfolio. That means our goals are 100% aligned with our subscribers.

Weekly updates are sent on Saturdays while flash updates are sent when we make a trade. Reports are sent sporadically. Upon signup you receive all recent reports and updates which includes a recent Top 10 Company Report. This Top 10 Report is a full 35 pages and 15,000 words long and is available with a subscription. I am very confident in the future success of these companies. They meet a set of strict criteria. 

Upon signup you will immediately receive all recent updates and important reports. Recently, we've published a Top 10 Stocks report and a Long-Term Precious Metals Outlook Report. You won't be disappointed with this material.  

Thanks for reading. I wish you all great health and prosperity in 2015!. 

-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. 



 
 
 
 
 
 
 
 
 
Argonaut Gold Balmoral Resources