TheDailyGold: Gold Rally or New Bull Market?...

Published: Sun, 06/09/19

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Sunday, June 9, 2019

 
 
 

Here are the Links of the Week...

 

Rally or Bull Market?

Is Gold starting a rally or a bull market? Time will tell but there is one indicator that will answer the question.

Interview: Will Fed Action Push Gold into a New Bull

Recorded Thursday with my friend Mike Swanson. 

Interview: Gold Stocks Could be Signaling July Cut

Recorded Wednesday with Cory Fleck. 


June Macro Update

From the Fat Pitch Blog. Love these monthly posts on the economy. 

 

Premium Snippets

Chart 2: US Dollar & Gold 


Here is the weekly candle chart of both the dollar (top) and Gold.

Note the position of the dollar the 4 other times Gold was testing that wall of resistance. It was trending up already in summer of 2016 and it already had declined quite a bit in 2017 and early 2018. Now, Gold is a hair away from the wall but the dollar a week ago was at a 2-year high.

What happens to Gold if the dollar cracks here?
 







 

TheDailyGold Premium #625

 

We published TDG #623, a 14-page update on Sunday morning. We've condensed our updates and eliminated some filler material to focus on the major developments every week.

Right now, there are at least a handful of great buys out there in junior land. Let me tell you about one we bought last week and another we are buying this week.

The first company will become a junior producer soon. It has a market cap below $30 Million. Within 3 years it could reach 100K oz Au/yr. As long as Gold holds above $1200, this stock could double or triple in 12-18 months. If Gold goes back to $1800 in 2-3 years? This stock has 10-bagger potential. A bull market only enhances the potential return.

The second company appears to be a turnaround situation. Its extremely cheap and the stock has already bottomed technically. And there is insider buying. New management could be positioning the company for a takeover. Right now its valued at roughly $40/oz in the ground and these are economic ounces. 
 
Consider a subscription as we can keep you abreast of sector developments and get you invested in these kinds of companies with 3x, 5x and 10x potential. All of the stocks we own have upside potential in a stable Gold market. 

 

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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.