Here are 3 great links from you

Time for a Breakout in Gold?

Gold made it up to $1330. Is it going to test $1360 again? We discuss the one key thing Gold has to do to trigger that breakout move. 

Counter-Cyclical Winds Blow Gold Miners Front & Center

Great piece from Gary Tanashian, one of my favorite analysts.

The Worst Possible Environment for Stock Market Investors

From Jesse Felder. Its hard to argue with that chart and data. 

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Chart 1: GDXJ & Breadth Indicators

We updated our GDXJ breadth indicators to cover only the top 35 stocks in GDXJ. 

Note the the percentage of stocks above the 200-dma has reached 71%! Thats tied for the highest since summer 2016, with September 2017. Thats the only point comparable to now in terms of breadth and the moving averages.
 

 

TheDailyGold Premium #607

We published TDG #607 Saturday night, a 22-page update that included our thoughts on the sector trend as well as comments on watch list companies and more.

The miners exploded above key resistance (80-wma, 400-dma) and breadth has strengthened across the board. This was missing prior to the past 10 days. These things had to come to fruition before we could recognize a new bull market in the sector.

Right now, the evidence is accumulating in favor of the bulls. The risk to Gold would be the market is wrong right now and the Fed is able to hike once. 

However, if the Fed really is done and the market is right then Gold is in great position for a major breakout this year. That's especially the case if the stock market rolls over and the Gold/S&P ratio pushes higher. That scenario leads to rate cuts and that equates to an explosive and sustainable breakout in Gold. 
 
Consider a subscription as we can keep you abreast of the juniors with 5x and 10x potential as well as the lower risk companies that can double and triple.

 

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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.