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Gold Stocks Remain in Downtrend

The rally is rolling over again. Gold stocks are still in a long-term downtrend. What comes next?

Interview: Precious Metals Still in a Downtrend

Interview with the KE Report. Recorded a few days before the editorial above.

The Japanese Gov is Still Pegging The Gold Price

From Steve Saville. Thoughts on the Gold-Yen Relationship and more. 

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Chart 1: GDX & Indicators

We plot GDX along with its advance-decline line, the GDX/Gold ratio and the GDX/S&P 500 ratio. 

Note that the indicators peaked before Gold. The A/D line peaked at the same time but in the larger picture is showing a strong negative divergence. It trended lower since August even as GDX rebounded. 
 

 

TheDailyGold Premium #605

We published TDG #605, a 21-page update on Monday.

The gold stocks remain in a long-term downtrend and the next leg lower may have begun. That's the bad news. The good news is the market is very close to a shift in Fed policy and when that happens, a new bull market would begin. That view is also aligned with the technicals in the gold stocks which show some similarities to 2015.

We did not chase this rally and continued to hold a very high cash position.

Right now, the key is to accumulate value and things that can perform without the Gold price.

Also, this is the time to make a watch list of things that could become much better buys later this year.

Consider a subscription as we can keep you abreast of potential 5 and 10 baggers when the Fed does shift course.

 

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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.


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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.