Here are actionable links for you....

Gold & Gold Stocks Fail at 200-DMA's

Penned Saturday. Precious Metals fail at resistance but sentiment is negative. What does that mean for the next few months?

Interview: Dominos That Need to Fall for Gold to Rise

Interview with the KEReport. Recorded Friday. 

The Fed is Not on our Side

From Kevin Muir, the MacroTourist side. The rate hikes will continue...

Inflation Trade in Progress Since Gold Kicked it Off in 2016

From Gary Tanashian, one of my favorite authors. A must follow. 

OUR SPONSOR:

Chart 1: HUI Gold Bugs Index

Unlike GDX, the HUI is a perfect picture of gold miners. It does not include royalty companies and that is why it is currently much weaker than GDX. 

The HUI closed at 178. Support is at 169 and 163 with trend resistance at 180-182. The index could be forming a small descending triangle pattern. A close below 169 would project down to 150 or so. The 






Chart 2: Gold Stocks vs S&P 500 & CAPE

This is a historical look at the S&P TSX Gold Index vs. the S&P 500 (bottom) with the CAPE (10-year PE ratio). 

Bottoms in the gold stocks vs stock market ratio coincide with peaks in valuations. The near-term outlook for gold stocks may be negative but this bodes extremely well for the years ahead. 



 

This 23-page update was published and emailed to subscribers early Saturday evening. 

In this update we covered subscriber Q&A (what the market is looking for from Novo) and focused on the sector outlook. The miners have held up well but will Friday's slam in gold open the door to selling in the miners? We also noted buy targets on a few of our holdings. 

Because there is little chance of a gold breakout and therefore no tailwind, we have to be cautious about the companies we own. Can they move without metals prices? The answer depends on if they can make a discovery or add value to an existing discovery. If the answer is no, then we don't want to own that company. 

This is a time to be nimble. Let winners run but trim them when they become too hot. Cut losses quickly and dump laggards. Focus on companies that can add significant value over the coming quarters. Raise cash at times and prepare for the better opportunities coming in 6-9 months.  

Consider a subscription as we can help you follow the stocks that have a chance to make gains into 2019 and beyond. 
 

"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
 

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. 
 
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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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.