Here is to a great, profitable 2019!

Rally or Bull Market?

As it pertains to Gold Stocks, here are some indicators to watch. No bull market yet, but that could change...

No Confirmation of a Gold Bull Yet

From Steve Saville. I just noticed he penned this. I haven't read it yet but you should read it along with my article. 

Weekly Market Summary

From the Fat-Pitch. His work is always thorough and his analysis well supported.

Watching Metals for Interest Rate Signals

From Tom Bruni at AllStarCharts. Keep an eye on how Gold/Bonds perform relative to the equity market and base metals. 

OUR SPONSOR:

Chart 1: Gold vs. Currencies & Stocks

Here we plot Gold/FC and Gold/Stocks (S&P 500).

Numerous charts and stats for precious metals are coming up against bear market resistance. If they push through then we could assume precious metals are moving into a bull market.

Here are two more examples. If Gold/FC, which closed at 61, could test 63 and push above it, then it would be a significant breakout and a 6-year high. Meanwhile, if Gold/S&P can surge past 0.55 it would reach a +2 year high and mark a second higher high- something it failed to achieve in 2016. 
 

 

TheDailyGold Premium #604

We published TDG #604, a 23-page update early Sunday AM. 

Gold has formed two not bullish candles on its weekly chart as its failed at $1300 both weeks. The key support levels are $1254, the 200-dma as well as $1240.

As long as the market does not start to price in a rate hike, Gold should be able to hold $1240. Resistance at $1300-$1310 remains critical. If Gold breaks that and reaches $1350 again it would be very bullish. 

Right now we are looking at companies that can perform without the Gold price, although it is performing well for companies operating outside of the US. 

We have two companies on our watch list we hope to buy soon. One is trying to build a bottom so we are waiting for it to get close to support. The other we covered in this update. It could be acquired this year. It doesn't have massive upside but it could be a 50%-100% win. 

We are also going to hopefully add to one stock that has performed very well. It was actually one of the top 5 or top 10 performers in Canada last year. We didn't buy enough to begin with. I'm very confident in this company and think it can double in share price as long as Gold holds $1200/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

 

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