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

Precious Metals Reach Rebound Targets
Our editorial was penned on Friday. The sector has reached its rebound targets and could have a bit more upside. What happens next?

Interviewed by Mike Swanson
We share our latest thoughts on Gold, gold stocks and the stock market with Mike Swanson. This was Thursday. 

Podcast: Greg Weldon Comments on Recent Market Developments
In this interview Greg Weldon shares his thoughts on equities, bonds, Fed policy and the impact on Gold. He also mentions emerging markets, currencies and gold stocks. 

The Meaning of 6-year low in GLD Inventory
Another good missive from Steve Saville.  

Also, take a look at weekly updates from Calafia Beach Pundit, Fat-Pitch, and Macronomics. Fat Pitch focuses on the capital markets, Calafia Beach on economic data and Macronomics looks at credit trends. 

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Moving along, here is an updated look at the NYSE. The index has lost its 400-day moving average which, as you can see has been an important trend indicator for many years. Breadth divergences warned this could happen. Only 26% of the over 2000 equities on the NYSE are trading above their 200-day moving average. Meanwhile, the number of new lows hit a 4-year high. I just learned that only 3% of stocks are trading above their 10-dma. That is the lowest in five years. A rally back up close to the 400-dma would not be a surprise.

In yesterdays 27-page update (TDG #427) we noted that the market is ripe for a bounce. Here are a few reasons why. The put-call ratio spiked to its highest level since 2007, the Vix (volatility index) spiked to its highest level in 3.5 years and the daily sentiment index is only 3% bulls. 

Let's get back to Gold.

If you clicked the links above then you know my thinking that Gold has major resistance around $1175-$1180. Its possible Gold's bounce could have another push higher, given that it closed at $1160. The Friday reversal in the miners was nasty and implies the rebound could be over. That doesn't mean Gold can't gain another 1%.

Anyway, one issue for Gold and Silver which Greg Weldon mentioned is the amount of spec longs in the market. The net position is the difference between longs and shorts. Gold's net spec position has been very low because of high shorts. Note that gross longs (against open interest) is at 50%. The low is around 39%. Its the same situation in Silver. The spec longs have not "given up." They certainly did not in recent months. 

If the metals break lower then there is the chance the spec longs could liquidate. If spec shorts increase shorts again then we could see net positions near 0% or negative (which means commercials are net long). This would be a sign of throwing in the towel. As a long-term bull I hope we see this if Gold is going to test $1000/oz.  

In TD #427 we also provided updates on two of our favorite companies and grouped the juniors we like into a few categories. Right now we have a list of almost 10 companies that are either junior producers, within two quarters of production or strong development companies. Then we have a group of other companies that have decent fundamentals but requite a bull market to get going. This group has near term risk but the most upside in a bull market. 

Whether you are 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 nor do we charge obscene prices. Also, we admit our mistakes and learn from them because thats how we grow and provide greater value in the future. Learning from mistakes we made in 2014 has helped us to be up 7.4% YTD while GDXJ is down 11%. Over the past six months we are up 3.6% with GDXJ down 20.7%. And we've achieved these gains while holding at least a 20% long position in juniors with 60% of the portfolio in cash.      

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.

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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)..

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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.