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Chart 1: Mystery Chart
This is a very bullish chart.
The stock is on the cusp of a breakout to a 3-year high. The measured target shows upside potential of 60%.
TheDailyGold Premium #585
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The 24-page update was published and emailed to subscribers early Sunday.
We noted three takeaways from last week: the rally is fizzling, Silver net spec position is at an all-time low and the third thing I won't share. Sorry.
Although the rally has fizzled out, the miners could be setting up for a double bottom, or if they drop to a false new low, an even bigger rally in percentage terms. The sector remains extremely oversold and another sustained plunge lower (at least immediately) is very unlikely.
The silver net spec position is at an all-time low and its actually negative, meaning the speculators are net short for the first time ever. However, there is something we need to understand about the CoT. Speculators follow trends. Gold and Silver are in primary downtrends.
The assumption by gold-ville is specs are now going to pile on massive long positions like they did in 2016 or 2017. It doesn't work that way. Assuming the downtrend continues in the months ahead, we will see the specs become net short in a sizable fashion in Gold and Silver. For now, the sector remains very oversold and the net spec positions in both metals support a rebound.
Our plan is to continue to hold a significant amount of cash and take advantage of opportunities when they arise. If the metals and miners consolidate for a while in bearish fashion, that could lead to a short opportunity. If they drop more in the short-term there could be a chance for a quick long trade.
One of the opportunities could be that stock in the mystery chart above!
You are the man. Every time I hope you are wrong, you are for the most part right.
Man! I wish I would have signed up for your service last month. I think you could have saved me from the bloodbath in my account. I have liked your approach.
Consider a subscription as we can help you navigate what lies ahead for the sector. After all, we just did so for subscribers with a massive profit in JDST and DUST. And we can help you get positioned in the juniors that have a chance to make big gains when the Federal Reserve is done hiking rates. Subscribe and give us your list of stocks and we will give our opinion, buy, sell or hold.
"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
I follow your work and it's very impressive -- am considering subscribing even though I focus on futures and macro more than individual equities. You are a refreshing voice in a space full of doom-and-gloomers, perma-bulls, and precious metals salesmen.
My 6 month renewal is due once again. Your work continues to be outstanding and I want to make sure there are no disruptions in the service.
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 the second half of 2018 and beyond!
-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
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