TheDailyGold: Bullish Sentiment Won't Prevent a Breakout in Gold...

Published: Wed, 02/27/19

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Wednesday, February 27, 2019

 
 
 

Here are 4 pieces of actionable information & analysis...

 

Bullish Sentiment Won't Prevent a Breakout in Gold

Penned yesterday. There are some nuances on how to judge sentiment when a market recovers from a bear or is on the cusp of a big breakout.

Interview: What to Watch as Gold Tests Resistance

Recorded last Thursday. I thought this was one of the best interviews I've given recently. 

My Interview with Greg Weldon

What is driving Gold and where is it headed? Let Greg Weldon tell you.  

 

Q4 Corporate Results: Margins Fall

Great post from the Fat Pitch. Excellent, data rich information and analysis.



 
 

Premium Snippets

 

Chart 1: GDXJ w/Indicators


We plot GDXJ along with its 200-dma, 400-dma and red line resistance at $37.50. 

The first two indicators are really critical for exactly where we are right now. And that is, trying to start and then confirm a new bull market. The percentage above the 200-dma hit 81% last week. Thats very strong. The percentage of new 52-week highs hit 20%. 

Can GDXJ push up to strong resistance at $37 and take those figures up to 95% and 40%? It would offer more bullish evidence. Ultimately, if and when it corrects, as long as it holds above the 200-dma ($30) then thats another very bullish sign.
 








 

TheDailyGold Premium #610

 

TDG #610, a 26-page update was published and emailed to subscribers early Sunday AM. 

We covered the near-term outlook for the sector and what could be in store for the spring. The stock market is outperforming Gold again but the gold stocks are showing strong breadth and good relative strength. That suggests recent strength isn't going to fade away quickly. 

In the Q&A section we comment on a number of companies and most we don't own. One subscriber was looking for safe producers. We offered a company that is safer than a producer, has a US listing and is very liquid. Based on a $1900 Gold price the stock has up to 300% upside.

This week we also covered what is a ground floor opportunity in a junior silver company that is currently raising capital. (Accredited investors can contact me for more information). If Gold breaks to the upside and we get into a real bull market in the next 12-18 months, this stock is a minimum 5-bagger from here and potentially a 7 to 10 bagger.

Consider a subscription as we can keep you abreast of sector developments and get you invested in the companies with 3x, 5x and 10x potential. 
 

Subscribe for Only $149
 

 

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

 

 

Subscribe for Only $149

 



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.