TheDailyGold: Huge Upside if Gold Breakout Holds...

Published: Wed, 07/03/19

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Wednesday, July 3, 2019

 
 
 

Here are the actionable links from this week...

 

Huge Upside if Gold Breakout Holds

If Gold reaches its measured upside target of $1700/oz, that means the gold stocks and junior gold stocks have significant upside. 

Interview: Gold Bull Could Last 20 Years

Interview with my friend Collin Kettell. Talking about my book and very long-term considerations for Gold. 

 

Podcast: Interview with Nick the Mining Book Guy

My friend, Nick Germain discusses his recent site visit in Namibia, the cool tourist activities he partook in, a stock pick and how to find 100-baggers.

 

Premium Snippets

Chart 1: Gold/FC


Another way to look at Gold/FC is Gold x US$. They are the same. 

I did not plot this back to the 2012 peak but take my word for it. Gold/FC, as you can see, surpassed its 2016 high and is roughly 5% from an all-time high. If Gold continues higher, could Gold/FC retest its all time high by the time Gold hits $1500?
 






Chart 2: Silver Monthly


Silver could be emerging from two double bottoms. The right side of a double bottom going back to 2015 is its own double bottom. June marked a bullish engulfing candle after a bit of a hammer in May.

A monthly close above $16 would put Silver in position to reach $18. 
 







 

TheDailyGold Premium #628

 

We published TDG #628, an 20-page update on Saturday evening. 

Gold closed the month and quarter very strong, creating those strong white bullish candles on the long-term charts. That doesn't mean Gold will immediately zoom higher. A retest to $1360-$1370 is still very much in play, and again that would be a great time to add to positions.

In the update we covered an exploration/development story that is significantly undervalued and beginning a turnaround. The stock has turned around technically and there is recent insider buying. Its market cap is ~$100 Million and we think it should double and if they do a few other things, triple.

We also introduced a company on our watch list that is a development story but has made an important discovery. The stock made a big move but has corrected. A bit more selling and it would reach an excellent entry point. Management has a strong track record. There is only one flaw but that aside, the company has huge upside potential.  
 

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.