Here is to a great, profitable 2019!

Will the Momentum in Precious Metals Continue?

Gold and Silver reached resistance on Thursday as did the miners (400-dma's). Here's what to watch next...

Interview: Better Outlook for PMs in 2019

Recorded last Wednesday. Things are looking up but no clear cut bull yet. 

Interview: Will Gold Rally in 2019?

Recorded 12/31. With Chris Marcus and my friend Mickey Fulp. Hear my thoughts and Mickey's. 

January Macro Update

From the Fat Pitch. These monthly posts are always excellent. Plenty of charts and data. He says a recession in 2019 is possible. 

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Chart 1: GDX w/ Indicators

Here is a daily chart of GDX that includes various indicators. The RSI is up top. Below GDX is its A/D line, and two ratios: GDX to Gold and GDX to S&P 500. 

So GDX has rallied up to resistance at its 400-dma.

What is lacking right now is strong momentum, strong breadth and the GDX/Gold ratio is battling with its 200-dma. Confirmation of a new bull would involve sharper upside move in breadth, the GDX to Gold ratio surging above the 200-dma and the RSI piercing 70. 
 

 

TheDailyGold Premium #603

We published TDG #603, a 18-page update early Sunday AM. 

In this shorter update we noted that with respect to the broad trend in precious metals we have to take a wait and see approach. That limits our focus to juniors that have discovery potential or have potential to add value to an existing discovery. For optionality plays, it's not yet time unless they become very oversold again or we get confirmation of a new bull market. 

To answer the above question, I don't think the momentum will continue, at least not immediately. 

In the update we noted the junior that remains at the top of our watch list.

I wish you a happy, healthy and very profitable 2019.

 

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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.