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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: When Will GDX Break-out...?
Published: Wed, 12/11/19
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I've become increasingly bullish. I think 2020 is going to be fantastic for the gold stocks. There's a fundamental and a technical case.
With respect to the technicals, the question is when GDX will make that big break to the upside? In this article, I share my thoughts. On the 10-Bagger Podcast I interviewed Don Durrett, who knows the landscape of gold stocks and junior gold stocks as well as anyone. He considers companies that can be 10-Baggers at $2500 Gold. Also, consider this brief post from Steve Saville. He writes about what is required for a Gold bull market. Take a look at this post from Gary Tanashian, titled Gold & Silver Stocks Belie CoT Caution. Subscribe to TheDailyGold Premium for Only $149
I’ve been reading JRB for over 12 years and a subscriber for 2 years. Excellent, outstanding honest service, best investment newsletter I’ve ever made (and I’ve been through many). My only regret is not being more patient and listening to JRB more closely! 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. Moving onto TheDailyGold Premium... Last week was a huge one for the model portfolio. It gained 10% on the week! That was led by strength in our largest positions and other positions enjoying a big bounce.
Interestingly, I still think there will be buying opportunities in a number of names. It could be because of tax loss selling or it could be because the 4-month hold will come off of financings done in the summer. Moreover, perhaps Gold and Silver test $1410 and $16.00 and that leads to better buy prices in most names.
And speaking of 10-baggers, I’ve been thinking and I’m going to mention to subscribers one company I think currently has the most 10-bagger potential. It’s another reason to subscribe! (Its already a watch list company). Subscribe for Only $149
"I am simply a pure market-timer for a broad basket of gold stocks and precious metals. Jordan, on the other hand, has provided superior STOCK-PICKING abilities over the longer-term. I am familiar with most gold stock subscription services over the past 30 years. I rarely provide endorsements of any kind, but Jordan's ability to analyze individual gold/silver stocks has been among the top 5 services over the past decade. First and foremost, I respect his integrity. -Jeffrey Kern, SkiGoldStocks.com
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