TheDailyGold: Watch These Key Levels in Gold & Silver...

Published: Sun, 07/28/19

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Sunday, July 28, 2019

 
 
 

Here are 4 great links...

 

Watch These Key Levels in Precious Metals

Here are the key levels in Gold, Silver, and gold stocks.

Video: Gold, Silver & GDX Levels

Recorded Wednesday. Similar to the article above.

Video: Louise Yamada on Gold & GDX

Louise Yamada is a well known technical analyst with a long track record.


Interest Rates & the Stock Market

From Steve Saville. 

 

Premium Snippets

Chart 1: Gold vs. Foreign Currencies 


Here is the daily line chart for Gold/FC. 

On Friday, Gold/FC closed at a 6.5 month high! It is only 3.4% from an all time high, and only 2.9% from a weekly all time high.

So Gold is performing very well against the other currencies. If and when Gold breaks above $1425 and heads towards $1500, we could see Gold/FC matching and making a new all time high. 
 







 

TheDailyGold Premium #632

 

We published TDG #632, a 20-page update late Saturday evening. 

In this update we focused on the short-term technical outlook and risks. We provided potential buy targets for a number of our holdings.

We also noted, the one stock we would buy on Monday if we had to buy just one. The company has an enterprise value below US $20 Million. It has a CEO who sold his last two companies. It has strong backers. The chart is trading in a good, bullish range but is not too overbought. 

If the precious metals sector corrects a bit more then it will provide a buying opportunity in many names that were missed over the past few months. In other words, buy the best and strong stocks when they correct. They may have started to correct and that means they could be worth buying again over the next few weeks.

Buy value and buy companies that can add value over the months ahead. Don't chase. Buy half positions to limit risk. Look for charts that are not too overbought but close to breakouts. 

Consider a subscription. This move could have more upside and you should utilize our expertise to make sure you are in the stocks that will perform. 
 

Subscribe for Only $149

 

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.