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Chart 1: TSX Venture Bull Analog
Thanks to Palisade Capital who provided us pre 2000 data.
The venture index has consolidated for more than a year now. Is it ready to begin its next leg up?
Chart 2: GDX Shares Outstanding
This chart shows the number of shares outstanding in GDX. This does not always correlate with the price action but it gives us a sense of demand for the ETF itself.
GDX was able to hold its lows even as demand (by this statistic) receded considerably.
Commentary:
We published TDG #533, a 40-page update early Sunday morning. The update included numerous charts as well as an updated report on, yes, Novo Resources, who has contracted us for marketing purposes. Novo could be onto a historic discovery and the company is seeking long-term oriented shareholders that share its vision. If the Karratha region of Australia is Wits 2.0 then Novo does not want to sell at any price. They need as many long-term oriented shareholders as possible to ensure
that.
In recent weeks we've noted which companies are the best buys. We have had a group of 4 or 5 and that includes Novo. Two of that group surged higher last week by over 20%. Novo has come down and is definitely at an attractive entry point. That group includes another company that is one of our favorites. The stock has consolidated in a bullish pattern for months. That and Novo are the two best buys right now.
Consider a subscription today in order to find out which companies we think our the best buys right now. We can help you get positioned in the juniors that have a chance to 5x-10x baggers over the next 2-3 years.
Note that we now have added a members section to TheDailyGold.com. All updates are emailed to you and you can also download them from the website.
It would be an honor and pleasure to work for you. My subscribers are my lifeblood.
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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.
-Dr. Jeff Kern, creator & developer of SkiGoldStocks Trading System
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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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