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Picture 1: Silver Weekly Candle
This is the weekly candle chart of Silver and we include the weekly equivalent to the 20 & 40 month moving averages.
Silver is up nine consecutive weeks and is within 1% of strong resistance at $18.50-$18.75. If Silver can maintain +$17 over the next few months then the moving averages could be in position to cross. It would be significant because the moving averages are sloping or about to slope upward. Of course, by the time that happens Silver could be higher. So the cross would offer confirmation of the bullish trend.
A weekly close above $20 and then the summer 2016 highs would complete the bottoming pattern and give us a measured upside target of ~$28/oz.
Late Saturday we emailed subscribers TDG #506, a 32-page update that included a report on one of our most recent buys. It is a company with a sub $20 Million market cap and a very tight share structure. We think that if Gold goes to $1550/oz then the stock would be a 3-5 bagger from here. And it's not some illiquid 5 cent stock.
While we have focused on some nano-caps recently (because they have 5-10 bagger potential), we, in the is update noted our favorite +$5 companies and lower risk juniors.
If you missed buying bargains a few months ago, then pay attention because we expect better entry points (lower prices) in the weeks ahead. We expect much of the year (mostly spring and summer) could be a grind for the gold stocks. Given the technical setup, they could meander for a quarter or two until buyers gain the upper hand. In this case it is generally best to buy weakness and not strength.
It will also be a critical time to accumulate shares in the companies poised for big gains over the next 12-18 months. We obviously like our list of companies now but we aren't satisified. There are more big winners out there to be found!
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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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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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