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Chart 1: TDG Juniors Daily Bar Chart in CAD$
Usually we chart juniors in US$. Here we chart juniors in the CAD$, which had been quite strong until recently.
Both the main index (55-stocks) and the bottom half broke support last week. That happened even as the CAD$ has been weakening. Note how the recent rallies failed at the 200-day moving averages. The indices rallied Friday and Monday after closing at nearly a 10-month low last Thursday. There is a risk of a test of the December 2016 lows in the months ahead.
In TDG #541, a 27-page update sent Sunday night, we provided our short-term outlook, some targets for Gold, GDX and GDXJ, strong buy targets for some stocks as well as the fundamental developments needed to get Gold back on track.
Friday AM we published a flash update noting how oversold the sector was and that a bounce or pause in the downtrend was likely. We sold our JDST position for a healthy profit and will look to buy back in when there is another low risk opportunity.
Consider a subscription today. We can help you get positioned in the juniors that have a chance to 5x-10x baggers over the next 2-3 years. We look for value with a catalyst and then we wait for a proper, low risk entry point.
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You nearly always read the trends and support and resistance extremely well. Please keep us posted if or when the outlook seems to change. which you always do of course. TDG is the most valuable resource for understanding what is possible to understand about the PMs.
I am very pleased with your frequent and timely updates, which is so helpful, considering the high volatility and unpredictability of this market. I have subscribed to other analysts which I have to say don't even come close.
I would add that you are moving to the top of my most valuable mining stock/metals advisor list. Your skills at chart reading have improved over the years, to very high levels. Kudos for that. Your advice on capital preservation in this dangerous trading arena are reliable, as well. In the years ahead, I believe you will continue to rise to the top.
I plan to be a lifetime subscriber to your service....I have made a lot of money with your service...especially with Novo which because of your recommendation I was able to acquire at $1.30.
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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
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