Here are 4 links for you....

This Market Will Drive Gold in 2019....

This is the market more than any other that will drive Gold in 2019 because its trajectory will influence Fed policy. 

Interview: Rate Cuts Needed to Spark Bull Market

Interview with the KEReport. Recorded on Wednesday. My latest thoughts on what is happening right now with precious metals. 

Fundamental Backdrop for Gold Turns Bullish...Almost

From Steve Saville. I always enjoy and find value in his work. 

Fat-Pitch Weekly Market Summary

From the Fat-Pitch. He tends to have a bullish bias but his charts and info are always top notch. 

OUR SPONSOR:

Chart 1: S&P 500 w/ Oversold Indicators

Here we plot 4 indicators that can help us determine when the stock market is at an oversold extreme. We have the Vix, the put-call ratio, the percentage of stocks above the 50-dma and new highs less new lows (with 10-dma). 

These indicators still have some room to move before reaching an oversold extreme. That coupled with Friday's breakdown in the S&P 500 suggests more downside in the days ahead. 
 

Chart 2: Uranium Stocks

This is a weekly chart of a basket of 11 uranium stocks. 

The index twice failed to break-out and sold off aggressively both times. Uranium stocks could be dead money over the next few quarters.

If they selloff more (index closed at 64 and below 60 would be interesting) then there could be some spots to accumulate. But for the most part, don't expect a breakout to the upside anytime soon. We took a chance weeks ago but were stopped out. Sometimes trades fail. 
 

 

TheDailyGold Premium #600

We published TDG #600, a 27-page update Sunday morning. The update includes coverage on a few of our holdings with extended comments on three companies on our watch list. What would it take to make them buys?

Gold and gold stocks failed to surpass resistance this past week and sold off on Friday even as the stock market broke to a new low. Has the market already discounted a pause? What does the Fed have to say or do to keep the rally going?

What happens to Gold if/when the stock market enjoys a counter-trend rally? 

 

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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 respect his integrity. - Dr. Jeffrey Kern, SkiGoldStocks.com


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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!
 

-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.