TheDailyGold: Gold Stocks Outperform Gold but Not Stocks...

Published: Thu, 03/21/19

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Thursday, March 21, 2019

 
 
 

Links of the Week...

 

Gold Stocks Outperform Gold but Not Stocks

Gold and gold stocks won't begin a real bull market until they outperform the stock market. 

Interview: Gold Ratios & US dollar Impact

The stock market is outperforming again and what is the impact of the dollar if its starting a leg lower?

The Bullish Case in Bonds

The recent rebound in yields I spoke of faded quickly. Tom Bruni analyzes the potential for a continued decline in yields. 

 

Feb CPI & Implication for March Fed Meeting

Great post with analysis and a handful of instructive charts.


 

Premium Snippets

 

Chart 1: GDX & GDXJ Weekly


It's early in the week so the last candle is subject to change.

Weekly resistance is at $23 for GDX and $34 for GDXJ. The next important support is the 200-day moving averages (equivalent to 42-week moving averages right at $20.55 and $29.98. Thats 6%-7% downside. 

Assuming GDX and GDXJ won't test those resistance levels for a while ($23 and $34), then they'll become even more important resistance in the future. A break above them in the future could help confirm a new bull market. 
 








 

TheDailyGold Premium #613

 

TDG #613, a 28-page update was published and emailed to subscribers Saturday night.

The update includes a report on one of our favorite speculative explorers and Q&A on one of our other favorite exploration companies. These two companies have struggled in recent months due to a lack of news but will have plenty of catalysts coming up. 

Our favorite speculative explorer will be drilling both of its projects over the months ahead and will have cash to follow up after summer. At the sector top in 2016 these two projects had a combined value of US $200 Million. This company now has an enterprise value of US ~$20 Million.

The weakness in the sector could continue and that's going to lead to buying opportunities in a handful of companies with strong exploration potential.

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

 

 

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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.