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We sent this email ahead of the holiday weekend rather than during it.
As 2017 beckons precious metals are in rally mode. We expected this, but weeks ago. In fact, we have been whipsawed in recent weeks. We expected Gold to rebound from the mid $1100s and when it dropped to $1120 we believed the rally was more likely to start from $1085-$1095 than from $1120.
One question for 2017 will be if we see a wider divergence between Gold and the gold stocks. With the US$ looking technically strong and Gold technically broken (major resistance at +$1200), how well can the gold stocks perform? Can they hold the December low (from a week ago) even if Gold tests $1050 or $975-$1000?
This is something I will cover in this weekends premium update.
Given my view on Gold and the general value and relative strength of the gold stocks since summer 2015, it is certainly possible the stocks could perform well in 2017 even with Gold flat to sideways for much of the year. However in the near term, miners could rally up to strong resistance (GDX $25) and drop at least 25%-30% if Gold drops to $1050 or lower. It's one possibility.
The way around this potential conundrum is to buy weakness and value and focus on quality (projects & companies). In other words, optionality plays can be passed on and bought later. They aren't going to run away from here if Gold tests $1050 again or lower.
In a recent update we provided a watch list of 30 stocks amongst a variety of categories including but not limited to producers, explorers and nanocaps. From this list I am going to make a top takeover targets in 2017 list. I have 5 in mind that I'm going to share in this weekend's update.
That is all for this update. I wish you great prosperity and health in 2017.
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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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