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Chart 1: Junior Uranium Stocks Breaking Out!
Our custom junior index, which has 10-11 stocks in it and is cap-weighted has broken out to a new 52-week high in both currencies. It could trend up towards the early 2017 high.
Click the chart to enlarge.
There is measured upside target to 110 in US$. A strong move through the 2017 high and there is a long-term target of 150.
Chart 2: Silver Analog
Silver at present shows a strong analog to 1998-2001.
In both 1998-2001 and 2016-2018 Silver rallied hard, corrected hard and then consolidated for over a year. That consolidation led to a breakdown and a decline which led to a major bottom.
Silver currently is in the decline phase.
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I've been on the road for business and pleasure and my time in Europe will soon come to an end. Hence, I have not had time and a strong enough internet connection to publish every week.
That aside, my thinking is Gold is trying to bottom and the uranium stocks are breaking out.
I remain heavily in cash but have put some to work in the uranium sector. It could pop much higher on the back of speculative capital ahead of a recession and bear market. Subscribe to find out which stock we are buying this week.
There are some money-making opportunities ahead of the major turn in Gold and Silver that is likely to come sometime next year.
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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.
"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
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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.
Subscribe to our service for only $149 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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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
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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