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Chart 1: Juniors Nearing Trendline Resistance
Here we plot our mini-gdxj index which is lagging and the 3 major junior miner ETFS (GDXJ, GOEX and SILJ).
The juniors have been trading within a range that has been compressing since the February 2017 peak. The range has been especially tight since December. We should see a break in the next 4-6 weeks.
Chart 2: Junior Gold Stocks Bull Analog
This is the first update to this chart in two months. The current correction and consolidation has lasted 20 months. The 2002-2003 (13 months) and 2004-2005 (19 months) corrections gave way to some very strong moves.
TheDailyGold Premium #565
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TDG #565, was published and emailed to subscribers late Saturday evening. The 27-page update covered the positive divergences in the sector that bode well for continued strength and perhaps another test of resistance for Gold.
The key development of the past week is the fledgling positive divergences. The gold stocks (and silver stocks too) made higher highs while the metals did not. The GDX/Gold and GDXJ/Gold ratios surged higher over the past 7 days and are near 2.5 month highs now. Also, the GDX Advance/Decline line made a higher high. So Gold did not breakout but what now have positive divergences in things that are usually leading indicators.
Whether Gold is going to breakout immediately or later, you want to be positioned ahead of time. I've beat this like a dead horse but it's really true. Most of our stocks have started to move already.
Its difficult to find bargains but we believe we have found one with 5x-10x potential. The company 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 do our due diligence and if we buy we hold onto it as long as we aren't stopped out or something changes. 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).
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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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