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Chart 1: Gold ETF Allocation
This chart is from Merrill Lynch Banc of America. It shows client allocation to precious metals ETFs. This is one of the most bullish charts I can find.
At the 2011 and 2012 peaks, client allocation was 9%. The 2016 rebound in Gold took it from 1% to nearly 2%.
Commentary:
I apologize for the lack of updates in recent weeks. We have been on the road in each of the past three weekends. The past few weeks included the Metals Investor Forum and then, flying to the Precious Metals Summit the next day. My work for paying subscribers always is my #1 priority.
Sunday evening we published TDG #536, a 27-page update that included 6 full pages of commentary on most of our own holdings and also a few watch list companies. The update was our first since the Precious Metals Summit in Beaver Creek, where we met face to face with those companies we have invested in.
Its a great time to subscribe as TDG #536 and TDG #535 included extended commentary on all of our holdings. We will be updating company reports in the weeks ahead.
Gold may not make that big breakout move for a while but speculators and investors should identify the companies they want to buy and use weakness to accumulate positions. We want to hold our winners while buying value that has a catalyst. The market is rewarding juniors who are adding value to their projects.
Consider a subscription today in order to find out which companies we own and are following. 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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