|
Picture 1: TDG Junior Gold Index & GDXJ Weekly Candle
The median market cap of our index is currently ~US$ 450 Million. GDXJ's in terms of weighting in the index is likely around $1 Billion.
Anyway, the recent action in GDXJ is definitely weak and the prognosis for juniors looks even worse in our own index. Twice in the past two weeks our index failed at resistance (700-725) and failed to close near the highs of the week. Note how the 700-725 levels were previously key support (in 2016). The index lost that four weeks ago and tried and failed to recapture it in each of the past two weeks.
If both indices tested the December lows (the lowest close), they would fall 21%-22% from here.
Saturday evening we emailed subscribers a 32-page update in which we discussed one important positive development for the sector while noting the potential for a buying opportunity before summer. The Gold/Stock Market ratio could be emerging from a major double bottom which dates back almost 2 years. If that ratio shows strength into the summer then it will be a huge positive for the sector and perhaps restart the bull market. However, this is not necessarily immediately bullish for the
sector and especially for the gold stocks.
As we noted above, we see growing downside risk for the stocks but if we are right it could lead to a great buying opportunity before the summer. On page 4 of the update there is a table of some of our stocks with support levels and buy targets. This is actionable for subscribers and especially new subscribers, who can immediately learn our favorite companies and target buy prices.
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
integrity.
Click Here to Learn More
Unsolicited subscriber feedback....
Your doing an excellent job with your research and your reports! Timely, precise and damn accurate.
Your work is just too good to be missed. I'd like to have your ongoing assessments and views...
I appreciate your service and have some concept of the work that goes into it. Your stock picking is excellent.
I have subscribed to many investment research services over the years, both TA and FA, both within the gold sector and also from different sectors. Your report is right up there amongst the best.
I have been a subscriber for nearly 2 years now, and just wanted to let you know how much I appreciate the work you do. I always look forward to your weekly reports and find the analysis you present to be outstanding.
In my experience (over 30 years in PM’s), your service is one of great value and high integrity.
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.
Click Here to Learn More
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.
Consider a subscription today as you will receive all of our recent company reports and updates within several 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.
Click Here to Learn More
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.
|
