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Chart 1: S&P 500 vs. Gold
Here is a ratio of stocks against Gold.
It is on the cusp of a breakout which projects to an upside target of 2.50. That also happens to be the 38% retracement of the 2000-2011 decline.
In TDG #540, a 30 page update, we reiterated our bearish outlook for the sector. Troubling technicals and worsening fundamentals (rising real rates) doom the outlook for Q4. However, we remain very optimistic for 2018. The potential for a significant stock market correction or higher inflation is
there and that could drive precious metals next year. However, for the time being, we are bearish and waiting to buy an oversold condition with negative sentiment. We mentioned potential targets for Gold, the S&P 500 as well as downside support for miners.
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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