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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Historic Breakouts in Gold Stocks & What They Tell Us...
Published: Tue, 02/18/20
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Going back 80 years or so I find three significant breakouts in Gold stocks. Note that a significant breakout is clearing an important level and making a new multi-year high. We are not talking about just breaking a downtrend line.
The impending breakout in gold stocks (I'm being presumptuous) has some similarities to the last breakout in gold stocks. In this article, we look at the performance from that breakout and assess the implications for GDXJ. Right now I am laser focused on finding the stocks that will do well at current metals prices but also get a big boost if the sector moves higher and we get that big breakout. The key is finding viable businesses right now (whether they be explorers, developers or producers) that can really explode if the sector does breakout and we get $1700 Gold and $21 Silver & higher. In TDG #661, I rated our holdings as far as risk (1-5) and potential over 12-18 months as well as 3-years if it was applicable. I also wrote a few short paragraphs to supplement the table. Just wanted to say THANK YOU for yet another great weekly update. I particularly enjoyed the assessment of risk and upside potential of the current holdings. Brilliant! This is an excellent time to subscribe as you can immediately get that information as well as the corresponding company reports. TDG #661 was a very text heavy update that also included a report on a new stock we are going to buy... This company was quiet for a while but in the past year may have unlocked strong potential for a tier-1 deposit. Even though the stock has made a big run already, my report shows that it is a good value right now and at worst could be a double. If they have a tier 1 deposit (which I think they do), the stock could be a 3 or 4 bagger from here. Moving along, if you prefer to hear the spoken word, here is an interview I did last week with my friend Brien Lundin and Fergus Hodgson. And, if you prefer the spoken word from someone else, listen to the lastest 10-bagger podcast with my friend Mickey Fulp. He explains the lower-risk route to getting a 10-bagger and he also reveals conclusions from a study he did on warrants. I am a new subscriber after meeting you at the metals investor form recently. I am finding your newsletter very informative!! (well worth the money) I also just want to say that I'm truly impressed with your picks/service. I have tried others before yours with very average to below average success 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.
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