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Here are the links of the past week....
Breakouts Galore in Gold & Silver!
Penned Friday. Gold already broke above $1300. Silver broke out at the end of last week and on Friday the miners surged past 2014 resistance highs.
Podcast: Interview with Greg Weldon
Greg is one of your favorites. He covers Gold, Silver, the US$, Fed Policy and more. Get a free trial to his work at: weldononline.com.
Video: What Brexit Means for Gold
Direct link to video, recorded on Monday but still relevant.
Brexit, Europe's Bear, Interest Rates & Gold
Long post from Tiho Brkan at ShortSideofLong.
Weekly Market Summary
From the Fat-Pitch Blog
Breakdown of Chinese FX Reserves is Bullish for Gold
Article from John Lee/Mau Capital
Premium Snippets
Chart 1: Junior Bull Analog
Even though the gold stocks (and specifically the indices like GDX, HUI, etc) are quite overbought and the HUI bull analog is stretched, the junior bull analog (at least ours) is not.
The current plot (black) is at 297 but we should note that 7 months from now the other two peaked at an average of ~615. We noted this a few weeks ago. Juniors obviously will outperform if the trend continues.
Chart 2: Gold Bull Analog
The chart below shows Gold's current rebound and also the 1976 and 2008 rebounds (its two strongest) on the current scale.
Technically, Gold should advance to $1400 as long as it holds above $1330. The analog shows Gold reaching $1550 in 6-9 months is reasonable.
In TDG #471, a 32 page update, we updated one of our holdings which has been one of the most successful companies in this new bull market. We didn't buy it as early as we should have and we also missed a chance to add to the position.
We only have a small amount of cash and we provided detailed comments on the 3 stocks we own and want to add to with that cash. One is a producer, one is a discovery play and one is an optionality play.
With respect to putting money to work now, and this goes for those who are not invested enough, we would look for a combination of things. First, look for things that have not gone straight up. One could look for things which have consolidated since early May. Fundamentally, look for companies that are undervalued or can add more value in the next 6-9 months. Examples include but are not limited too: production growth, a growing resource, a big drill program with potential. Look for
things that are not really priced into the market. With respect to optionality plays we want to look for companies that have not surged in recent weeks and have an asset that would gain much value at $1400 Gold and $1500 Gold.
Use this criteria or other criteria to put some cash to work and when the sector corrects then you can buy the things that are too overbought now.
Our methods are not perfect and we certainly make mistakes (which we admit because that is how we learn and grow), but over time we have strongly outperformed the benchmarks and competition since we started our model portfolio nearly 7 years ago. As of Friday our model portfolio was up roughly 377% over the past 7 years. That is a time period that includes the worst bear market in the sector in 90 years with GDX down 23% and
GDXJ down an estimated 34%.
We are the only credentialed technical analyst with a gold-stock focused service that utilizes a real model portfolio. We tell you what we are buying and selling. Hence, we are completely transparent.
And when you see the volume of our work and significant weekly updates you will realize that no one works harder than we do.
Our subscription cost amounts to less than $1/day!
There is so much fluff out there in this sector and much of it is a lot more expensive than what we provide.
Consider a subscription today as you will receive all of our recent company reports (19 now) and updates within hours of your signup, as well as everything we produce for the next 6 months. You pay up front but get significant value up front (in a welcome email). Our goal is to help subscribers make money and be the best service in its category.
Jordan focuses nearly exclusively on the gold sector and in my opinion does a good job either being right, or getting right when adjustment is needed. He moves forward without hype, bias or ego.
Thanks for all your great work - charts and analysis is the best there is.
Your service is truly a gem among this industry. I've subscribed to several services over the past year and a half, and I wish I had landed on your site first.
I'm a new member - just want to say how much I appreciate your expert advice but mostly, your direct, honest and zero bullshit approach.
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Thanks for reading. I wish you all great health and prosperity.
-Jordan
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