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Chart 1: HUI Weekly Line
This is a simple chart that plots the weekly closes in the HUI, which closed at 171. The December 2016 low is 165. There should be strong support from 155 to 165. Using a bar chart the 155-165 support becomes more visible.
Gold stocks are already oversold and the HUI (gold producers only) has led the charge. We have a downside target of 155, which is 9% lower. A move below that 165 low would bring us a buying opportunity, rather than the start of a larger breakdown.
Early Sunday morning, we published TDG #561, a 31-page update which included 3 full pages of text (and our latest feelings) on the stocks we own, a few on our watch list and two we recently sold.
In recent weeks we trimmed one big winner and sold two companies because they hit our mental stop loss. We rotated that cash into three companies (small buys) which we are very confident will be big performers in the near future.
Our recent, bearish outlook looks to be on point as Gold could threaten a break of support next week while the miners follow. Its not time to be a strong buyer yet (aside from accumulating around good entry points).
For only $150, you can subscribe and get access to our top picks and biggest holdings. And you can accumulate them at great prices before Gold has a major breakout. Now is the time to be looking and accumulating as many juniors are sold out and have little downside left in price.
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As always, thank you for your hard work and disciplined insight. It's been very rewarding being a member of TDG Premium
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 : ) )
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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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