TheDailyGold: Waiting for Double Bottom Support in Gold Stocks...

Published: Mon, 05/06/19

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Monday, May 6, 2019

 
 
 

Here are the Links of the Week...

 

Waiting for Double Bottom Support in Gold Stocks

Penned Sunday night. A quick technical look at the gold stocks. 

Why US$ Strength is LT Catalyst for Gold

Penned last weak. How the dollar influences Gold revolves around real rates. A much higher dollar can lead to declining real rates. 

April Macro Update: Housing & Employment Rebound

From the Fat Pitch Blog. An excellent review of the economy with many charts.

 

A Look at Precious Metals Seasonal Patterns

From Gary Tanashian. I'm a big fan. 


 

Premium Snippets

Chart 1: Price to NAV Valuations for Gold Producers


Junior producers are trading at a lower P to NAV valuation than in 2013 during the Gold crash. Junior producers are relatively more cheap than intermediate and senior producers.
 






 

TheDailyGold Premium #620

 

We published TDG #620, a 22-page update on Saturday night.

There was not much to tease from that update. 

There is one exploration stock we are very close to buying. A few of our holdings are very cheap with most of the risk priced out. They will have important exploration coming up over the next few months.

In TDG #619 we covered two companies (we don't own) which share some similarities. Both are new companies following very impressive transactions. Both are trading at very good values and are quite oversold.

We are looking for value with exploration potential and catalysts within a few months. There are plenty of these to be found. Then you have to sift through and go with the absolute best of the bunch.

The sector is oversold now but broken. We want to see it get more oversold and then reach strong support levels. That's the time to be bullish again at least for a rebound. If the fundamentals align than the sector can rocket higher. 
 
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.