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Chart 1: TheDailyGold Junior Index Daily Bar Chart
This is the daily bar chart of the 55-stock index and it includes the 200-dma and 400-dma.
The index bounced off its 400-dma in December and recently in May. Now it is consolidating between 365 and 390. It closed at 385 Friday but faces major resistance at the 200-dma (405) and trendline (420). Like the broad sector, this index is nearing a decision point. The first key for bulls is to rally up to 420, which is 9% upside.
Saturday evening we published TDG #523, a 27-page update which included an intro report on one of our favorite nanocaps. This company currently has a US market cap below $20 Million and it has a deal with a major company who is moving one of its projects forward. From a few months ago to early 2019, this company could (along with its partner) invest a total of US $8.2M into its projects. That is a serious amount of capital for a tiny, nanocap company. This stock made a big move in
2016 but has since given most of it back, lowering the risk for any speculators who want to invest alongside a major.
With respect to the sector, we thought GDX would test $21 this past week before rallying. After Wednesday we issued a flash update calling for a rally in the sector. A big move is approaching and we covered that in our editorial. In our premium update we covered why we think the bias and risk for this move is to the downside but also mentioned what needs to happen that would drive the sector higher.
Consider a subscription today as we can help you avoid losses and sidestep trouble. Our work will inform you as to what juniors you should be buying, at what prices and when.
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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 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.
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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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