Here are the links of the past week.... 
 

US$ Breakout Could Unleash Capitulation in PMs
The US$ is on the cusp of a significant breakout while precious metals, though oversold are trading around important support. An explosive move higher in the US$ could coincide with Gold and Silver's next leg lower. 
 

Interview with Palisade Radio: Impending US$ Breakout
We discuss the impending US$ breakout, precious metals short and medium term outlook, Fed policy's affect and more. 
 

Silver's Sharp Selloff
Tiho Brkan's thoughts on Silver as its down 10 days in a row. 
 

Weekly Market Summary
Excellent info and analysis from Urban Carmel. 


Macro & Credit Markets Update
Macronomy blog post includes 19 charts and some comments on the outlook for Emerging Markets in 2016.  


Why Hasn't QE Caused Inflation
The latest missive from Steve Saville.    





Premium Snippets 




This first chart shows how the current bull market in the US$ compares to the previous two bull markets. Note how these bull markets tend to strengthen quite a bit towards the end. Given the potential bull flag consolidation, the US$ index has a measured target of 120. Another strong push higher is feasible and would fit quite well with what occurred near the end of previous bull markets. 
 

We have not yet included this chart in a premium update. It is Gold/US$ index and it closed at 10.93. The next major support is around 8. Gold at $970 and the US$ at 120 equates to 8.1. Some food for thought. At the bottom we include two indicators. We show the chart's distance from its 80-week ema and its 80-week rolling return. If the chart declines towards 8 and both indicators hit the blue line than one could argue that the Gold/US$ ratio would be its most oversold in 30 years.  



 



The US$ index is less than 1.5% from what could be a major breakout while Gold and Silver are essentially trading around their lows. The metals remain very oversold and odds favor them bouncing higher before they begin another leg lower. That being said, with the US$ so close to a breakout and metals barely holding support- the downside risk remains. Will that come to fruition in the days ahead or in a few weeks? No one knows.

Gold barely closed above $1080. It has a bit of support at $1040 but lacks strong major support until $970-$1000. The CoT's show that many metals speculators are still long and thus can exert more downside pressure on the sector. In addition, Gold/FC is now below its 400-dma while Gold remains weak relative to equities. Conditions and markets are setting up in a way that the next big break in various markets (currencies, metals, bond yields) could be a big one.

We are big long-term bulls on the precious metals sector but we do not want to be buyers until the sector becomes extremely oversold and trades near major support (think Gold $970 or Gold $900) amid extremely bearish sentiment (think CoT's, put-call ratios, surveys, discounts to NAV all showing extreme sentiment). The odds are not yet in the bulls favor but if markets make that next big break then the odds will come into bulls favor sooner rather than later. 


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
 

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.