TheDailyGold: Downside Risk in Gold & Gold Stocks...

Published: Thu, 04/18/19

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Thursday, April 18, 2019

 
 
 

Here are the Links of the Week...

 

Downside Risk in Gold & Gold Stocks...

Gold & gold stocks have formed bearish patterns. They need to hold their March lows or risk more downside.

Interview: Interest Rate Cuts to 2020s Gold Bull

New interview conducted by James Anderson from SD Bullion. I cover a few key charts and more. 

Gann Global Financial on Platinum & Gold

Gann Global Financial does excellent historical analysis. I strongly recommend signing up to their email list and getting their periodic videos. 

 

Housing Market Forecasts Economy

Lower yields have helped stabilize housing which has been weak. If it turns up that could push out the next downturn. 


 

Premium Snippets

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. 
 

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.