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Chart 1: GDX Leading Indicators
Here we plot a chart that includes three plots. First is the GDX A/D line, then GDX/Gold ratio then GDX.
These indicators were showing a positive divergence in recent weeks but this past week they are showing a slight negative divergence. If and when these charts can takeout the red horizontal resistance, the sector would be ready to run. Keep an eye on the A/D line as well as the GDX/Gold ratio.
This weekend we published TDG #539 (a 28 page update) as well as a brief report covering our Trading Rules. The report covers what we have learned after 14 years of investing and speculating in the junior resource sector. The rules are divided between rules for buying and selling.
In TDG #539 we gave our short-term outlook and we noted what would need to happen for us to be more positive. We remain cautious but rather than sit on our hands for a few months we are actively looking at new ideas.
We added two companies to our watch list. One is a company that has discovered and is expanding a solid deposit. It appears to have a good chance to be acquired over the next 12-24 months. The stock is correcting and consolidating and there are some catalysts coming. Meanwhile, we mentioned a nano-cap with an enterprise value of only C$6M. It won't be drilling until summer 2018. It has some outstanding people involved.
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.
Note that we 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. Novo Resources has contracted TheDailyGold.com for marketing purposes.
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