Chart 1: GDX Projection
Here is a projection that assumes 2 rate cuts by the end of the year. A 30% chance of two cuts is priced in by January 2020.
This is just a guess and that is subject to change but my guess is the first rate cut could get GDX to $25 and the second one is what causes the big breakout.
TheDailyGold Premium #615
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We published TDG #615, a 24-page update on Saturday night.
The update focused on the sector outlook and potential movements in key markets and variables over the next few months.
We have kept a large cash position for a while but will get close to fully invested over the months ahead, assuming no major changes with respect to a rate cut.
We are going to start to build a position in a company we covered a few months ago. This is a high quality exploration company that the industry is watching closely. The company has already showed exploration potential with its drilling. The company is cashed up and the stock is trading well off its high. This is something that legitimately has 5x 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.