TheDailyGold: Precious Metals Test Initial Resistance

Published: Sun, 10/18/15

Newsletter
-
Sunday October 18, 2015
 
  Balmoral Resources
 
 

Good Sunday to you. Here are the links of the week.... 
 

Precious Metals Test Initial Resistance
Precious Metals have rallied up to initial resistance. Will they consolidate gains and push higher or will they correct back towards strong support?

 

Interview with CrushtheStreet
This is from Monday. I share my latest views on precious metals.  

 

Gold Approaches 200-DMA
Tiho Brkan called the recent rally. He shares his latest thoughts here. 

 

Lots of Markets at Critical Juncture Points
From Martin Pring, a legend in the field of technical analysis.   



Charts from October ML/BOA Fund Manager Survey
Great sentiment information from Urban Carmel at the Fat-Pitch Blog. 



Inflation is a Solid 2%
A rundown with charts from Calafia Beach Pundit. 





Premium Snippets 



In this bear analog we look at the 3 longest bear markets in Gold. We also trace out Gold's price action following the 1999 low. It essentially made a double bottom 18 months later. That entire period was the same duration as the 1987-1993 bear.

There are some forecasters who think Gold will not takeoff until 2017. Its certainly possible Gold could form a big base from the summer 2015 lows well into 2016.

Another thing to point out is that long bears create very strong bull markets in juniors. The 1987-1993 bear was followed by an epic cyclical bull in juniors from 1993-1996. We all know what happened following the 1996-2001 period. This certainly bodes very bullish for juniors in the years to come. 


 

 



In this chart we plot various markets and ratios in order to get a deep look into the 2000-2001 bottom in precious metals. Note that the Gold/Stocks ratio bottomed first followed by the gold stocks (HUI) and then Gold/FC and Gold/CRB (foreign currencies and commodities). Then Gold peaked and last was the top in the US$.

Gold/FC and Gold/CRB have already bottomed and have showed good strength. However, what is missing? It's that Gold/Stocks ratio! It hasn't broken out yet. 



 



Not to beat you over the head with this but the Gold/Stocks ratio, in my opinion, could be the best tell for when the next bull market or sustained recovery will begin in the precious metals sector. 

This weeks 35-page update, TDG #435 included an updated report on a junior producer that has performed well but continues to have very good long-term upside. We also included our analysis of the broad equity market as well as support targets for the miners. The weeks and months to come figure to be very interesting. As Martin Pring noted, many markets are at potential turning points. 


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.


I have subscribed to many investment services over my lifetime. I can honestly say Jordan Roy-Byrne has developed not only one of the most analytically accurate, but also has hit the high water mark by making his analysis feel personalized. In addition to a detailed weekly report, he often sends additional emails with daily observations of not only the physical metals and miners, but also related metrics such as the market and currencies. His service is a great integration of history and future probability that has not only helped me make money, but also avoid losing. In fact, the only time I do lose is when I take more aggressive positions than he has recommended, or follow my gut instead of his objective reasoning. It truly is a 5 Star Service at a great price.

-Andy P. CPA & Attorney

 

Consider a subscription to our premium service as you will immediately receive all recent updates as well as recent company reports (a +50 page file) and our book, "The Coming Renewal of Gold's Secular Bull Market".  You pay up front but you get significant value up front (in a welcome email), plus everything we send over the next six months.
 
 
 
 

Weekly updates are sent on Saturdays while flash updates are sent when we make a trade. Reports are sent sporadically. Upon signup you receive all recent reports and updates. Unlike most other editors, we answer subscriber questions. 

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. 


 
 
 
 
 
 
 
 
 
 
  Balmoral Resources