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Here are some links which I think you will find actionable...
Juniors Show Relative Strength as Precious Metals Weaken
Precious Metals move closer to support but GDXJ & GLDX are showing relative strength.
Interview with Palisade Radio
In this brief interview I discuss my book, my thoughts on Gold & Silver and the outperformance from GDXJ & GLDX.
PWC's report on the mining industry
This link reviews PWC's report and includes a link to the actual report (PDF file).
US$ Upside & Underpriced Financial Risk
This is an excellent guest post from an excellent blog I discovered a few years ago & follow regularly. It discusses what the implications could be from another leg higher in the US$. Lots of good charts.
Brent Cook Interview & Stock Picks on Kitco
Premium Snippets
Saturday's 32-page update (TDG #417) included an updated report on a development company that has huge potential but only after the sector turns. We also included put-call ratio charts for GLD, SLV and GDX. We've obtained all the put-call data for these ETFs and will track it going forward.
I want to share two charts with you...
Below is a 30-year chart of Silver that also shows its net speculative position (as a % of open interest) and open interest, which is at an all time high. We marked the two times open interest was at an all time high and the net position was at more than a 1-year low. That occurred in 1995 and 2005 and produced a big move higher. Open interest hit an all time high in Q1 2008 (red) but the net position was not at a low. Instead that
surge in open interest marked a top.
If Silver breaks lower then the net position surely will come down quite a bit. If open interest remains at an all time high then the market could be in position for a significant short squeeze.
Here is a look at the put-call ratio for GLD. We plot that at the bottom with Gold at the top. We marked the two most important lows over the past two years. We smoothed the ratio with a 20-day moving average. Peaks in the MA are around 1.1 to 1.3. According to this indicator, sentiment is not bearish yet. At least not yet in the options market.
The put-call ratio is another sentiment indicator that we will track. We have the data & charts for GLD, SLV, GDX and GDXJ.
We re-entered our hedges last week and are looking to increase those positions if precious metals bounce.
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.
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Thanks for reading. I wish you all great health and prosperity.
-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
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