TDG Free: Key Support & Resistance Levels for Gold, Silver & Miners

Published: Sun, 03/29/15

 
Newsletter
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Sunday March 29, 2015
 
  Balmoral Resources
 
 

Here are some links worth your time….
 

Support & Resistance Levels for Precious Metals
In this article I focus on the key support/resistance levels in Gold, Silver and gold miners. 

Interview with WallStreetWindow
Recorded on Tuesday, I provide my latest thoughts on precious metals to friend Mike Swanson and his audience. One of my best interviews, in my opinion. 

 

Podcast: TheDailyGold Podcast Weekend Edition
Our goal is to produce a weekend podcast with 2-3 interviews covering Precious Metals as well as global capital markets. Click the link above to listen to the 1 hour show. We have 3 interviews in this file, (Erik Townsend, John Kaiser, Dave Skarica) that start at roughly 3, 26 and 50 minutes. The interviews ran a bit longer than I intended. I'd like to keep future shows under 60 minutes.

 

Podcast: Balmoral Resources Update
Check out our interview with Balmoral CEO Darin Wagner. He updates us on the company's progress and also mentions his criteria for investing his own money in juniors.

 

Old School Currency Parables
The latest from Market Anthropology. Erik Swarts is a very sharp analyst. I don't always agree with him but he's definitely worth following.  

 

 


Premium Snippets 

 

Below is a chart of our Top 40 index. It shows the daily candle plot along with the 50,200 and 400-day moving averages. A ratio of the Top 40 index vs. Gold is at the bottom.
 
For this market to breakout and become very bullish it first needs to reclaim the 50-dma and then close above 335-340 where the 200 & 400-dma's are. Note how the Top 40 index rallied up to the 50-dma and failed to push above it! This is a bearish looking chart unless the index can move above 320. 

 

mar21pmsvsstocks

 

Over the past 2 years the Top40/Gold ratio has reliably bottomed around 0.225. There is some support there. A Gold price of $1050/oz with that ratio equates to a 24% decline in the index.

If Gold's double bottom fails to hold then the bear will have one last, but big growl. 

 

 

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In the next two months we will be coming out with a new Top 10 Companies report as well as our first book (free for subscribers) which will publish all of our research and analysis on precious metals. 

 

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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. 


 
 
 
 
 
 
 
 
 
 
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