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Chart 1: TDG Junior Gold Index
This is our junior gold index plotted in daily bar chart form and denominated in US Dollars.
We sketch out two potential paths for the index. We think the index will remain in a larger consolidation.
Saturday evening we sent TDG #488, a 26-page update. We covered quite a bit the previous update so this was more basic and therefore there are very few snippets to share.
Last week we wrote:
The bottom line is two-fold. First, we are very close to a short-term low and a buy point. Second, given history and current technicals the gold stocks figure to remain in a consolidation and will likely have another leg lower (but not necessarily to new lows). So we anticipate another buying opportunity sometime in Q1 2017.
With respect to Gold, if it can close above $1270 then we think it can reach $1290-$1300 before some selling pressure.
The gold stocks have a bit more upside before reaching weekly resistance. That would be $26 and $28 for GDX and $44 for GDXJ.
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Since the summer of 2009, our model portfolio is up 354%. During the same period, GDX is down 39.4%, GDXJ is down an estimated 45%, the Tocqueville Gold Fund is up 4% and Gold is up only 33%. This period includes the worst and longest bear market of the past 90
years!
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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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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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: 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.
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