Here are the actionable links from this week...

Watch These 3 Key Indicators for Gold

These things will inform us as to the underlying strength of Gold and sustainability of this move. 

Interview: The Technical Setup in Gold

Recorded Wednesday. The current technical setup and implications of stock market strength on precious metals. 

US Monetary Inflation With & Without the Fed

The latest from Steve Saville.  

Next Recession Starts March 2020?

From Upfina, a great site for info and analysis on the economy.

Chart 1: Bond Yields

The rebound in bond yields could put pressure on Gold as it retests its breakout and tries to battle against resistance at $1420/oz.

Right now the 2-year yield is 0.51% below the Fed Funds rate, which means two rate cuts. One is a near certainty.
 

 

TheDailyGold Premium #629

We published TDG #629, an 19-page update on Saturday evening. The Q&A section of the update totaled 4 pages. We discussed, among other things, deflation, Silver and how to position if you are currently in 100% cash.  

Gold and gold stocks held up well last week considering the news. Technically it looks like Gold should retest its breakout and gold stocks will continue to consolidate. The dollar has rebounded and so too have bond yields. My guess is one rate cut is priced in but not two. If and when the market thinks a second cut is coming (likely September) then Gold could close above $1420 and move towards the low $1500s. 

The entire portfolio has performed quite well over the past month so there isn't any laggard or anything that stands out as too cheap at the moment. We do have a little bit of cash and some names on our watch list. 
 
I have seen and tried a few of the news letters. Yours is by far the best, yours is the only one that really gets the technical analysis down. Fundamentally I really like your picks they are all low risk minimal downside with huge upside. I have found some of the other news letters pick a lot of risky exploration stocks or they simply have far to many companies. You seem to sift through the best and recommend a simple more condensed list with big upside.

I am a big fan. I subscribed to 4 Gold investment letters. I cancelled the other 3. You deliver the goods! Thank you.

 

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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.
 

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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.