From the excellent Fat-Pitch Blog. Numerous charts here.
Premium Snippets
Chart 1: GDX & GDXJ Daily Bar Charts
GDX is the top, GDXJ the bottom.
Our downside targets are GDX $25 and GDXJ $35. The 200-day EMA, which has supported corrections within bull markets in gold stocks, is at $24.18 and rising.
TheDailyGold Premium #638
We published TDG #638, a 14-page update on Sunday.
It looks like the sector is in correction mode now. We think it will last beyond a few weeks. You could have a correction for a few weeks then a consolidation for a while.
This is an opportunity for those that missed the recent move and also for us to re-position portfolios. Its an opportunity to buy quality at a discount. In the update we gave buy targets for 3 of our favorite stocks. One could buy a full position or even just half at the target price and the other half later.
I don't want to give any names but just think of the strong stocks that you missed that have corrected. There is one I mentioned this past week that I'm eyeing. It corrected 33% from its high close to the recent close. It's a value buy now and I'm looking to accumulate over the weeks ahead.
There is no doubt for the quality of work and expertise that we share this is the best value service you are going to get. Other services charge hundreds or even thousands of dollars and could give less of a shit about their subscribers. Without my subscribers I would have nothing. I work very hard to earn their trust. I look forward to you coming on board.
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.
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.
