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Chart 1: TDG Mini-GDXJ & TDG Optionality Index
Here we plot the daily bar charts of our mini-GDXJ index, which is essentially an exploration index and our optionality index.
The mini-gdxj tested trend resistance close to 210 before closing the week at 198. A strong move above 205-210 could mark a breakout. The multiple bounces off of the 200-dma, now at 187 tells us the range could be tight. The optionality index closed at 231. A move above 250 and it would breakout from its corrective downtrend.
Saturday evening, we published TDG #554, a 27-page update which included comments on the short-term outlook, extensive subscriber Q&A and analysis of a few optionality plays. With Gold in position for a major breakout this year, optionality plays should be back on you watch list.
We currently own one but are looking at buying a few more at the right time. (And perhaps the right time was a month ago). We covered one optionality play that has many things going for it. Its not our favorite but it may be our #2 and #3. For those who are wondering what they can buy that still has a lot of upside. This company is exactly it. And no its not some illiquid stock. We think if Gold goes to $1550, this stock could triple.
Not only that but we are looking for others and may find one or two more with just as good or even better prospects. If Gold and gold stocks correct here it may be one of your last chances to buy this sector at truly great prices.
Not a subscriber? Now is the time to get serious about this sector. Do not wait for the sector to breakout and be forced to buying stuff that is already moved 100%.
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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 appreciate your service and have some concept of the work that goes into it. Your stock picking is excellent.
Thanks for being a good stock picker and an excellent chartist.
I have been a subscriber since late last year and just wanted to say thanks. You are the best analyst for gold stocks that I have found. (And I have been around for quite a while : ) )
"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.
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Thanks for reading. I wish you all great health and prosperity in 2018!
-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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