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Here are some links you will find interesting and actionable....
Gold Miners Fail at 200-dma
My editorial penned Friday. GDX failed at its 200-dma (couldn't sniff the 400-dma) while Gold reversed back below $1220. Not good for bulls.
Connecting the Dots
In this long post Erik Swartz touches on commodities, bond yields, currencies and even a few Asian markets.
What Apples to Apples Breadth is telling us
Cam Hui analyzes breadth including the negative divergence between the Industrials and Transports.
Rising US Inflation Bodes Well for Precious Metals
This report is from Haywood Securities.
Emerging Markets Triangle
My friend Tiho Brkan, while holding a large core position in Silver thinks that this could be the near-term trade, before Precious Metals bottom.
Premium Snippets
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Take a look at this chart which compares the fund flows into dividend & high yield securities to those in Tips & Gold. Interestingly, the red line has increased a bit in 2015. What will happen when inflation expectations rise materially and capital seeks inflation protection rather than yield?
In our editorial last week we wrote that we did not expect precious metals to breakout and one reason was because of the weak move in Gold considering the weakness in the US$. Gold held up well when the US$ surged but it was unable to rally much even as the greenback corrected. That is/was a bearish signal.
The chart below plots the three bull markets in the US$. The current one is the second longest in time. The chart could argue that the US$ has another leg higher before this bull market ends.
Keep in mind, Gold historically has bottomed 4-5 months before the US$ has peaked. During the 2000-2001 bottom, Gold/FC bottomed first, then gold stocks, then Gold and then the US$ peaked 3-4 months later. The gold stocks bottomed nearly 9 months before the US$ peaked!
In TDG #414, a 26 page update, we noted that risk to the downside increased quite a bit. The speculative position in Gold & Silver saw one of the largest increases in recent years. The net position in Gold, as a % of open interest is 31%. Its low of the past two years was 6%. With Gold trading around $1200, one can see how a break below $1150 could cause an accelerated selloff.
The update also included a report on an exploration company which is a much better value than a year ago. If this company can make another discovery and Gold rebounds strongly, it could have 10-bagger potential.
One subscriber called the update, the best I had written in the past two years.
Consider a subscription to our premium service as you will immediately receive all recent updates as well as recent company reports and our book, "The Coming Renewal of Gold's Secular Bull Market". You pay money up front but you get everything up front, plus everything we send over the next six months.
With the book done, we will focus on updating the company reports of our 15 favorite stocks. The weeks ahead figure to be a great time to do that as we believe the months ahead could be the last chance to buy many stocks cheaply.
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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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