Here are the links during a quiet week...

 

Gold Stock Technicals During Dog Days of Summer
Penned Friday. My immediate outlook for gold stocks. 


Fund Managers Current Asset Allocation
From the Fat-Pitch Blog. Always a great report.   


Good Cop- Bad Shakespeare
From Market Anthropology. Comments on the upcoming Fed meeting, miners and the US Dollar.      
 

Why Gold is Going Higher in 6 Charts
Some actionable charts in this post. 


Trader Dan analyzes on Silver
Silver looks bearish right now but the silver stocks are showing a positive divergence. 


Palisade Radio interview with Don Coxe
A few weeks old but very relevant. Don Coxe is a reasonable Gold bull. 







Premium Snippets 


Chart 1: Perspective on Gold, Silver and gold stocks. 

In this chart we plot Gold, Silver, GDX and GDXJ along with the 400-day moving average, which has done an excellent job defining the primary trend.

One does not need to be a technical analyst to observe the transition that has taken place this year. The sector is in a clear bull market, trading above the 400-day moving averages which are now sloping upward. The slope of the moving average is often more important than realized. 







As to the near-term, the Fed conference will certainly be a market mover. My guess is the sector weakens up to the conference. At least that is what the charts are telling me.

In TDG #479, I noted that view and the near-term downside risk. However, I also noted that dovish comments from Yellen or bad economic data following a hawkish speech could be a catalyst for precious metals to begin their next move higher. 

Remember that the big money is made over the long run by sticking with the major trend. There is nothing wrong with taking profits at times and adjusting your portfolio. It is difficult but you have to trust the long-term trend until there is reason not to (like losing the 400-day moving average). Weakness is being bought and weather the sector corrects 5%, 10%, or 15% from here, that weakness ultimately will be bought.  

That is all for now. I hope to have much more for you when this quiet period passes.

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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.