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Chart 1: Gold in Real Terms
To evaluate Gold in real terms we plot Gold against Bonds, Currencies and Equities. The 3 charts include the 400-dma's.
As we can see Gold/TLT has been in a clear uptrend but is correcting now. TLT includes the yield so Gold has outperformed Bonds on a total return basis.
Gold/FC closed Friday at an 11-month high and in weekly terms a new 52- week high. Will that hold up? It would be very bullish to see Gold/FC push higher towards its 2016 high.
Finally, Gold/Equities remains weak. At somepoint the ratio will turn in favor of Gold and probably around the time of the Fed's last rate hike as the economy and stock market would be weakening then.
TheDailyGold Premium #571
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Late Sunday we published TDG #571, a 17-page update. It was shorter due to the holiday and the lack of any developments in the precious metals complex.
As we noted last week, we want to be invested in companies that are making discoveries and/or have a chance to add significant value to a fledgling discovery or what appears to be an economic deposit.
Last week we noted one of our holdings that in 3 years could have two operating mines. If Gold returns to $1800 in that period, we estimated the stock could be a 15-bagger. This company recently had more good news.
We are also adding to one of our positions that we previously had trimmed. It corrected 30% after a big run. But this company has already made a discovery and has a chance to expand on that when drills hit the ground this summer.
Novo of course is another example. The trend in the Gold market has had zero impact on the price action in that stock. If their bulk samples can show some continuity at Comet Well with strong grades, that stock has more upside.
This is a time to be nimble. Let winners run but trim them when they become too hot. Cut losses quickly and dump laggards.
Consider a subscription as we can help you follow the stocks that have a chance to make huge runs into 2019 and beyond.
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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.
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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.
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