TheDailyGold: Gold Set to Correct, But...

Published: Sun, 08/18/19

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Sunday, August 18, 2019

 
 
 

Here are my top links of the week...

 

Gold Set to Correct but Internals Remain Strong

This is much different than 3 years ago... 

Interview: Gold Stocks Lagging Gold

Recorded Wednesday. My latest thoughts over audio.

Can Consumer Save Economy from Recession?

From Upfina, a great site for economic data & analysis.


Some Gold Macro & Sector Fundamentals Update

From Gary Tanashian, one of the best Gold analysts out there.

 



 

Premium Snippets

Chart 1: GDX & GDXJ


Below are the daily charts of GDX & GDXJ. 

The key support levels are very close to the lows at the start of August. GDX has support at $26 and $25. It last closed at $28.28. GDXJ closed at $39.22. It has support at $36. 
 






 

TheDailyGold Premium #635

 

We published TDG #635, a 17-page update late Saturday evening. This update was quite long in terms of text but short on charts.

The update included a report on one of our largest positions. It was a 5-page report and we showed how the company has 3-fold and 5-fold potential in a number of scenarios. The stock will probably consolidate for a few months so there is time to accumulate. If you buy it a bit lower and metals prices rise to $1700 and $20 and the company makes a new discovery, it has 6-fold potential over the next 12 months. 

The update also included another lengthy Q&A section and there we decided to add a new company to our watch list. Its another producer driven by exploration success. There is a path for the company to grow its production from 2018 to potentially 7-fold in 5 years. This is something we are looking at and if it passes the test we would accumulate during this correction. 

Consider utilizing 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.