Chart 1: Gold vs. Individual Currencies
Here is the daily line chart of Gold, Gold/Euro, Gold/CAD, Gold/Yen, Gold/Pound & Gold/Franc.
Gold has formed a potential bearish pattern and it's not limited to Gold in the US$. Gold has formed bear patterns when priced in a number of currencies. Gold/CAD is a rounded top while the others look like bear flags.
TheDailyGold Premium #617
|
We published TDG #617, a 24-page update on Saturday night.
This update did not include a company report but we did provide updated comments on each of our holdings as well as three stocks highest on our watch list.
Essentially our holdings can be divided into a few different categories: companies with a discovery that has growth potential, companies with strong targets for discovery potential and production stories enhanced by exploration potential.
Two of our holdings with strong targets for discovery potential will be drilling over the next few months. Both stocks have not performed in recent months. The combination of risk being priced out and upcoming catalysts make them great buys around these levels.
If the sector does correct, it could provide an opportunity to buy strong stocks at a discount. We will be looking for those plays.
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.