TheDailyGold: Is Gold Going to Test $1300 again?....

Published: Sun, 04/22/18

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Sunday, April 22, 2018

 
 
 

Here are some actionable links for you....

 

Silver Squeeze, Gold Fails & GDX Breadth

Published today. A recap of the week and my current observations on Gold, Silver and the gold stocks. 

Juniors are Close to Breaking Downtrend

Published last week but remains relevant. GDXJ, SILJ, GOEX are all testing trendline resistance. (SILJ broke above it, the others stopped there this week)

A Dramatic Upward Reversal in Monetary Inflation

From Steve Saville, one of my favorite analysts. 

 

Peak S&P 500 Multiple?

Another good piece from Kevin Muir, the Macro Tourist. He thinks the market can go higher but thinks the PE ratio has peaked. 

 

Video: Gold Won't Rally Until This...

Kitco interview of Jeff Christian. Gold Bugs dislike him but you should definitely follow and listen to him.  




 

OUR SPONSOR:

Sponsored by Novo Resources Corp

 

Premium Snippets


Chart 1: Bond Breakdown Continues

Here we plot the weekly line charts of various Bond prices. 

Bond prices have fallen to new lows after a weak rally. Bond yields (specifically the 10-year and 30-year) are rising again but have not broken major resistance yet. Nevertheless, bond prices appear to be in free-fall here and if that continues, then bond yields could make a major breakout soon. We see that leading to issues in the economy and markets. Its something that could be a major catalyst for a huge run in precious metals over the next few years. 




 

 

TheDailyGold Premium #566

 

Late Saturday evening we published TDG #566, a 30-page update which covers our latest thoughts on the sector, its short-term outlook and updated buy target prices for our favorite stocks. 

Speaking of our favorites, we included updated thoughts on Novo and how to put its massive potential in some context. 

We also chart a silver stock we do not own. It has a beautiful chart and is primed for a big move if Gold and Silver can break resistance.

We think the path of least resistance over the next few weeks could be lower. Some of our favorite stocks and holdings could correct 10% here, allowing would-be buyers a chance to buy at reasonable prices ahead of a breakout.

That includes the stock we teased last week, which has a market cap of less than $15 Million, a project with a resource and 2-3M oz Au potential and very encouraging chart. There's more to the story but these types of values will definitely not be around if Gold breaks above $1400/oz. We are risking only a ~1% loss in the portfolio for something that has 5x-10x potential. 

For only $149, you can subscribe and get access to our top picks and biggest holdings. And you can accumulate them at reasonable prices before Gold has a major breakout. Now is definitely the time to be looking and accumulating as many juniors have quietly started to trend higher. 
 
Subscribe to our service and find out which juniors are great values and have massive potential over the next 12-18 months. (And we answer subscriber questions).  

 

Subscribe for Only $149




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 : ) )



"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. Jeffrey Kern, SkiGoldStocks.com



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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 can cause results and outcomes to differ materially from those discussed herein. Novo Resources has contracted TheDailyGold.com for marketing purposes.