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Chart 1: TheDailyGold Optionality Index
We included this in a premium update a few days ago though this chart is updated. The index is a basket of 13 optionality plays.
We included this in a flash update this past week and noted the index was about to break support at 220. The highlighted price action is nothing but bearish. Note the May peak at a confluence of resistance. The initial measured downside target is around 200 followed by 180. This is a very bearish chart.
Saturday evening we published TDG #522, a 34-page update which included, among other things, several pages of Q&A and a lengthy report on a company has become extremely oversold recently. We analyzed the company and projected price targets at $1050 Gold and $1550 Gold near the end of 2018 and a higher Gold price in 2019.
We reiterated our bearish posture on the sector. Its hard to feel otherwise after considering technicals and fundamentals. We think the sector is at risk of a potential dump lower over the next month. However, if our favorite companies became really cheap and oversold, we'd accumulate around those lows, even if we felt the sector could go lower later in the year.
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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.
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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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