Here are my top 5 links of the week...

There's Still More Upside in Gold & Gold Stocks...

Path of least resistance looks to be higher for the time being. 

Video: Gold is Surging Against Foreign Currencies

Recorded Tuesday. The monthly closes were fantastic. 

Video: About Financings From Juniors

Tips on what to look for & consider with how financings affect companies.

August Update: Housing Weak but Recession Unlikely in 2019

From the Fat Pitch Blog. I love these comprehensive monthly updates.

Chart 1: Gold vs. Foreign Currencies 

Here is the weekly chart of Gold/FC.  

It closed the week at its second highest weekly close ever. It's closing in on an all time high!

To put this in dollar terms, it would be like Gold trading at $1890/oz. Basically the Gold price is at or extremely close to an all time high against every major currency except the Euro and the Dollar. 
 

Chart 2: Gold & Gold Stocks vs. S&P 500 

Here we plot Gold against the stock market and then gold stocks (GDX) against the stock market.  

The GDX to S&P ratio has already broken out.

The Gold to S&P ratio has been a hold-out for such a long time. If that ratio can break above 0.54 (which would mark a 2-year high) and sustain it, it would be very, very bullish for the sector. 
 

 

TheDailyGold Premium #633

We published TDG #633, a 18-page update late Saturday evening. 

We have a little bit of cash and a few companies on our watch list but for the most part have been happy to hold. All of our stocks have performed well.

We shouldn't make this out to be rocket science. Buy and hold your position until you are stopped out at a 20% loss or (until something changes fundamentally) or until it becomes a big winner that you need to trim.

Its not quite trimming time yet but if Gold goes to $1550 and Silver to $19 then we may trim some winners. (Trimming means selling a portion).  

As for putting cash to work, we laid out the buy target range for one of our favorite exploration stocks which made a big move, and it hit the buying range briefly a few days ago. In a strong market, these types of opportunities can happen quickly. 

Going forward, buy value and buy companies that can add value over the months ahead. Don't chase and don't worry too much about metals prices. Look for charts that are not too overbought but close to breakouts. 

Consider, utilizing our expertise to make sure you are in the stocks that will perform. 
 

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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 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.

 

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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.