TheDailyGold: Stock Market Approaching Low as Gold Tests Resistance...

Published: Sun, 12/23/18

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Sunday, December 23, 2018

 
 
 

Here are 4 links for you....

 

Stock Market Nearing Low as Gold Tests Resistance

Since October it has been stocks down, Gold up. The setup for the next few months could be shifting. 

Interview: Gold in Foreign Currencies, Gold/FC, US$

Interview with the KEReport. Recorded on Wednesday. My thoughts on Gold/FC, the US$ and S&P 500.

Video: What's Next for the Stock Market...

Recorded Tuesday evening. My thoughts on the stock market and what that means for Gold moving forward.

 

 

The Fed Unwittingly will Continue to Tighten

From Steve Saville. I always enjoy his commentary. 

 






 

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Premium Snippets

 

Chart 1: GDX w/ Breadth 


Here we plot GDX with two breadth indicators (advance decline line and bullish percentage index) but also the GDX/S&P 500 ratio. 

The price action and breadth (rallying up to the 200-dma with weak breadth) remind me of 2015, but note the aforementioned ratio. It has broken above its 200-dma. It never did that in 2015!
 








 

TheDailyGold Premium #601

 

We published TDG #601, a 19-page update Sunday morning. In this update we covered the near-term outlook as well as the setup for 2019. We also added two names to our watch list: one we owned in the past and one is a hot exploration stock that has sold off. Both could be great buys if they drop another 10%-15% from here.

Whether it takes a few days or a few weeks, the stock market's next move is likely higher and potentially for a few months. The breadth and sentiment indicators have reached serious oversold extremes.

How Gold and gold stocks perform during the coming rally in the stock market will tell us a lot moving forward.

In the update we also included exact info and data on how Gold and gold stocks have performed around the last rate hike and first hike of a new cycle. Is December the last hike? Or will it be March or June? The answer will help us know when the bull market in Gold and gold stocks will really begin.

Subscribe now and you'll find out which holding we are going to add to this week. It is a junior exploration company and some big names potentially could be financing it soon.

One of our watch list companies would become a great buy if it dropped another 15%. From there we see it having 10-fold potential if Gold returns to $1900/oz. 

 

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You have an extremely informative, level headed outlook and approach to your investing and I have enjoyed your weekly observations and comments. Especially your insight to questions you receive from your subscribers.


I learn more about what to expect in the PMs from your newsletter and updates than just about any other source. I doubt there is another one with a better record for accuracy and objectivity on the PM markets.


Jordan has displayed excellent short and intermediate term technical analysis, primarily in precious metals of course but he has also been able to apply his skill to other areas as well - proving he is a master of this difficult craft. I have appreciated and benefited from following him.


You are 1 of very few out there or maintains your integrity with what you do. I admire that.


"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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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.