Here are the links during one of the slowest weeks of the year...

 

An Important Low for Gold & Gold Stocks?
Penned Friday. If this low holds it will be an important one for the sector. 


Interview with Mike Swanson
This interview was recorded Tuesday. We discuss the current correction for the sector.  
 

Video: Reasons to Sell & How to Sell
We put out a post on this a few weeks ago. Here is the same information but in the form of a video. Recorded last Monday. 


Comprehensive Update from Tiho Brkan, ShortSideofLong
Tiho's insights and analysis are always top notch. 


Hyperinflation is Coming...but not in Your Lifetime
So says Steve Saville. 







Premium Snippets 


Chart 1: TDG Junior Gold Index denominated in Canadian Dollars

Usually we show this index in US$ form. To be honest, there is very little difference between the two charts. In CAD $ the index has performed slightly better and that is because of the strength in the US$-CAD$ exchange rate. 

Anyway, note how the index has bounced from support four times in the past three months. Volume on this recent rebound was stronger than during each of the past two rebounds. Also, we may not have been aware but the index has essentially been consolidating for 2 months and it has traded in a range for 3 months. As long as the index remains above support (and the recent lows hold) we remain medium term bullish. (The same can be said for Gold). 







Chart 2: Gold Bull Analogs (Daily)

We compare the current rebound in Gold to the average of the two strongest rebounds. We have another version of this chart which includes the four strongest rebounds in red. The current rebound (black) has followed the red very closely.

However, we removed the red and we noticed that while the blue is on a stronger trajectory and is ahead of the black, both have been on similar paths since March or April. They consolidated for a few months and then advanced strongly in June. Now the black is consolidating at a time when the blue consolidated. 



 


In TDG #481, a 29-page update sent late Saturday our time, we made the case that as long as the low from last week holds (in both Gold and gold stocks) then the sector has bullish potential over the medium term. Depending on the index you track the stocks corrected 21%-23% while Gold has successfully retested $1300-$1310 twice.

We've taken profits on a few positions in recent weeks and are looking to put more cash to work. The 4 favorites on our watch list include two junior producers with two exploration companies (including one we mentioned last week). We are actively reviewing and researching exploration companies to try and find the cream of the crop that we may have missed on the front end of this rebound.

I want to note that on page 2 of every update we include our detailed model portfolio and we added a column with Hold, Buy Now or Buy at a lower price (-%). This helps subscribers as they try to align their portfolio closely with ours and do so without chasing strength or buying something that isn't one of our favorite buys at the moment.

For some the bear market is fresh in mind so they don't want to get to bullish or buy something after it has gone up 100% or 50%. (That is why you buy weakness). But my point is all indications are that this is a new bull market and all the evidence argues that if last weeks lows hold then the sector is setup for a strong move into year end. 

That is all for now. I hope to have much more for you as summer officially winds down!

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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 440% while GDX and GDXJ are down 21% and 26% (est) in that time. (Our junior gold index above is up roughly 111%). 

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. 

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There is so much fluff out there in this sector and much of it is way 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.   

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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.