Here are some links which I hope you will find actionable...
 

Precious Metals Get a Reprieve
Our editorial published Thursday evening. We look at support and resistance for Gold and gold miners (GDX, GDXJ) and provide some closing comments on the relationship between the miners and metals. 

Druck Backs Up the Truck & Loads Up on Gold
Hedge Fund manager Stanley Druckenmiller, one of the most successful managers alive today has put 20% of his funds into Gold. He also bought Newmont Mining. 

Precious Metals Sector Rebound
Tiho provides his thoughts on the current rebound. 

Crude Oil Approaching Bottom
Tiho provides his thoughts on Oil. 

Weekly Market Summary
From the Fat-Pitch Blog.  

Premium Snippets 

We added a new chapter to our book. And you can download the entire book (with the new chapter) for free at the links below. 

Book PDF File

Book Epub File

I truly believe that this book will help your understanding of Gold and gold stocks as an investment and help you make money in the quarters and years ahead. 

Moving on, below is a chart that plots a number of different sentiment indicators. These include the premium/discount to NAV of closed end funds CEF and GTU, the amount of Gold in the GLD ETF and assets in the Rydex PM Fund. These indicators are very close to lows ranging from 8 to 13 years. If Gold breaks below $1080 I will be watching all of these closely.

Back to the book. Here is one of my favorite charts. We plot the Gold/S&P 500 ratio going back 130 years. Note that this ratio has made troughs roughly every 35 years and peaks roughly every 40 to 42 years. If you take the median of the two peaks during the Great Depression then the peaks are 40 to 42 years apart. This tells us that the next peak could be from 2020 to 2022 while the next major trough could be around 2035. 

The scary thing about that chart is it shows how much higher Gold could go if history repeats. Lets say the S&P 500 declines by 33% and the ratio goes to 2.0. Thats $3,000 Gold! The ratio at 5 and a 33% decline in the S&P 500 equates to $7,500.

At the low of two weeks ago the gold miners were trading at the same level as 42 years ago. They were trading at an all time low relative to Gold and within 2% of an all time low relative to the S&P 500. Relative to cash flow they were cheaper than at the 2000 low. 

I continue to expect Gold to test $1000/oz in the months ahead and perhaps bottom slightly below that. It could end up being a historic buying opportunity. We own some small positions now and we successfully hedged those in recent months. We have a list of roughly 10 to 15 companies we really like. We want fundamental quality but with enough upside potential.

Whether you are only accumulating Gold and Silver or want to speculate on promising juniors, our service can help you. We provide objective and actionable research on Gold, Silver and the companies. And we provide fundamental analysis reports of the companies. We also keep our eye on other markets. We are one of the only newsletters in the space that trades a real portfolio. That means our goals are aligned with yours. And we are one of the only editors who is a professionally credentialed analyst.

Unlike many of our competitors we don't make ridiculous promises, we don't employ copy writers to give you the hard sell, we don't try to sell you additional products and we don't charge obscene prices. Also, we admit our mistakes and learn from them because thats how we grow and provide greater value in the future.      

I consider you the best analyst out there

I read your book while on vacation I must confess I thought it was fantastic I especially enjoy the sections where you use previous actions in the precious metals to gauge where you think it may go to in the future I think it may be the best book ever written on the subject and I don't say that lightly as I am a brutally honest individual.

What's best about your service from my perspective and what you continue to deliver in EXCELLENT FORM is your recommendation of individual stocks within the junior sector along with your detailed and fairly comprehensive explanations for each of them.  I think you do this as well as any of your peers

I just wanted to say thanks for all the great work you do..I consider you truly one of the best in your field.

In my experience (over 30 years in PM’s), your service is one of great value and high integrity.

Jordan, your honesty and humility is always appreciated. And rare in this sector.

Jordan, Just so you know, in my opinion you are the best newsletter writer in PM space.
I like that you combine TA with fundamentals and you even include…(deleted).
And I like that you don't have 50+ picks!

Mr. J Roy-Byrne, I really enjoy your newsletter, extremely informative as you have been great in calling Gold's turns. I happen to listen to several views, (yours being most accurate)..

Personally, I think your $149 subscription for half a year is probably the best deal I know of anywhere! Thanks again for your work and insights.

I think you have one of the 2 best paid web site's on the market right now, the other being …….. Of course he charges $1,600 for 16 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 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.