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Picture 1: GDXJ 2-Hour Line Chart
Each data point is 2 hours so there are three lines per day essentially. We plot the equivalent of the 20-day and 50-day moving averages in blue and red.
Since last summer, GDXJ's biggest sudden declines have come after it has fallen below the 20-dma and then rallied back to it and failed. See the three examples. GDXJ closed right on its 20-dma. So if it falls below it then rallies back to it, there is a strong risk of a plunge if that rally fails.
Picture 2: Junior Index #2 Daily Bar Chart
Here we plot the daily bar chart with the 50-dma and 200-dma which are at 247 and 250. The index closed at 247. And we should also note that the 50% retracement of the 2016 correction is at 250.
The #2 index contains 17 companies and a median market cap of around $100 Million. We currently own 6 of these companies and have owned others in the past. The index is much stronger than GDXJ but despite the recent rally it remains below both. We sketch how a decline could play out.
Saturday evening we emailed subscribers a 32 page update in which we reiterated our cautious and bearish views on the sector. We mentioned the stocks we own that have the least downside potential in the event the sector turns lower. We also provided buy targets for most of the stocks we own. One of our stocks recently hit its buy target so we added to the position. (It was previously trimmed at a higher price).
Consider a subscription today as we can help you get positioned in the best junior companies with the most upside potential at lower risk entry points.
Dr. Jeffrey Kern, who we recently interviewed, had this to say regarding our stock-picking abilities:
I am simply a pure market-timer for a broad basket of gold stocks and precious metals. Jordan, on the other hand, has provided superior STOCK-PICKING abilities over the longer-term. I am familiar with most gold stock subscription services over the past 30 years. I rarely provide endorsements of any kind, but Jordan's ability to analyze individual gold/silver stocks has been among the top 5 services over the past decade. First and foremost, I respect his
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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.
We are the only credentialed technical analyst (CMT, MFTA) with a gold-stock focused service that utilizes a real model portfolio. We tell you what we are buying and selling. Hence, we are completely transparent.
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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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