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

Precious Metals Video Update
Recorded late Saturday evening.


Something Has Changed in Gold Stocks
Article penned Friday. 

Economist Worth Wray on Potential China Renminbi Shock
My friend economist Worth Wray saw this macro environment coming. Listen to why he believes the US$ is headed higher. His understanding of macro issues is top notch. I recommend following him on Twitter @WorthWray.
 

February Macro Update
Post from Fat-Pitch Blog. He breaks things down quite well though I don't always agree.  


Mind the Gaps
Some excellent charts in this post from Jesse Felder. I particularly like the valuation ones. Look at how overpriced the market is relative to its EBITDA.


US Consumer is Last Defense Against Strong Dollar Drag on Economy
From SoberLook.







Premium Snippets 



Well the market certainly made us look foolish. Although there was no change until the middle of the week when precious metals and miners in particular exploded through a confluence of resistance. We noted our Top 15 index which tested resistance at 123 and 126 mid week. It exploded above it and closed the week on the cusp of a major breakout in US$ terms. It broke out against the CAD$.

We are going to keep this short as plenty of charts can be seen in our video analysis and editorial. 

Here is a new one....

It shows Gold's recovery analog using daily data. Now we know that $1180/oz is the key level for Gold and $1200 is also important. The analog tells me that $1200 is important. This goes along with closing above $1180 and $1200 but the chart shows that if a bull market is starting then Gold should surpass $1200 and have it be a floor.
 

While we've been bearish in recent weeks and losing some money on hedges, we should note that we put nearly half our cash to work in some of our favorite juniors in December. We noted that a month or so ago. The fact is, you always make the most money by buying and holding in a bull market. While we've been very cautious we felt we would risk missing the bottom entirely if we didn't get in. The absolute best investors patiently accumulate on weakness. And you can always hedge. 

​The tough call will be buying the other half. The next few weeks will be interesting. I suspect Gold will push a bit higher and then correct. Can it break above $1180-$1200 for good after that? Or does it roll over and threaten $970-$1000/oz. In any case my goal is to buy on weakness. Although sometimes it makes sense to buy a breakout.  

One thing we noted in TDG #451, a 30-page update which included an intro report on a junior producer, is that a 75% long position can be hedged fairly well with 25% in hedges. I should also note that each weekly update contains 1 company report. If the bull market in miners has begun then we need to cover as many companies as we can. A bull market means huge returns for not only the A companies but the B ones as well.  

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.

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