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

 

Gold Demand Remains Stable During Sector Weakness
Penned Saturday evening. My take on GLD & Gold demand. I also include my analysis of short-term technicals for Gold and gold stocks. 


The Upside Potential in Junior Gold Stocks
This was penned the previous week. 


Fund Managers Current Asset Allocation
From the Fat-Pitch Blog. Great information here.  


Macro & Credit: Eternal Sunshine of Spotless Mind
From the excellent Macronomy Blog. Some interesting comments on Gold which I agree with partly.   
 

Get "Real" on Gold Fever Revisited
Good piece from Erik Swartz at Market Anthropology. I like his frequent use of history and analogs. 








Premium Snippets 


Chart 1: Junior Gold Index Daily Candle Chart

We show the analog often but not the actual technical chart. As you can see the index is barely holding its 50-day moving average. I see the next support at 775 (from 850). So that is about 8.5% downside. The 80-day moving average is at 771.

I mention that because during the very strong 2008-2009 rebound, the 80-day moving average is what provided support during the initial rebound (first year or so). 





We did not have a free update out last week as we were swamped and getting ready to travel. That is the case again as we will be attending the Sprott/Agora symposium this coming week.

In our last update to you we wrote: 

For those on the sideline we sense a buying opportunity sometime this month. The sector has been on fire and we do think it is ripe for a correction soon. That being said, because we think this rebound continues to $1550 Gold, we don't feel the need to hedge or sell. The reason to sell if fundamentals change (for that company) or if you want to replace a holding with something better.   

The sector is correcting and we would not be surprised to see a retrace of the entire Brexit breakout. Of course that would merely be a retest of the breakout and nothing to fear. 

In TDG #475, a 30-page update we provided comments on our entire portfolio and our current views on each position. It is difficult to find value right now but that should change if this correction continues. There is one exploration company that we currently believe is the best value, considering its fundamentals, risks and potential return if its successful. We introduced it in TDG #474 and bought a position in the stock several days ago.

If you want to get my full analysis then consider subscribing to my premium service for what amounts to less than $1/day. 

This is the 7-year anniversary of TheDailyGold Premium and that period of time has included the worst bear market in the sector in over 90 years. Nevertheless, the model portfolio is up roughly 350% in that period with GDX down 24% and GDXJ down an estimated 33%. Gold is up 39% in that period. Past performance is no guarantee of future performance but we are confident we will outperform over the long-term.

We seek to own the companies with the best fundamentals that have the best risk/reward potential. We want to own the leaders while avoiding laggards with limited potential. We also want to cut our losses. A 20% stop loss on a 5% position limits the loss to 1% of the portfolio. 

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 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.   

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 do 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.