 |
Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Are Gold Stocks Too Overbought?....
Published: Thu, 05/07/20
|
|
|
Since I'm tight on time, I'm not going to string you along.
The gold stocks might be too overbought on a very short-term scale. But if we look out to the medium term, they are not too overbought. At least not yet. Here is my latest article, which includes a few charts you haven't seen before. If you prefer the spoken word, here is my latest interview with the KEReport. I discuss potential short-term scenarios in Gold, GDX and why we should focus on SILJ more than SIL. If you prefer the spoken word but from someone else, take a listen to episode #15 of the 10-Bagger Podcast. My guest was James Kwantes, editor of ResourceOpportunities. As a former newspaper editor, he has a low tolerance for bullshit, which of course is common in this sector. Find out how to sift through the BS and what to focus on when picking exploration companies with 10-bagger potential. He also shares a pick. Moving onto TheDailyGold Premium...
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 too many companies. You seem to
sift through the best and recommend a simple more condensed list with big upside.
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!
In TDG #672 we discussed how another decline in the stock market could impact the precious metals sector.
How far could GDX fall? What happens to Silver? Time will tell. If the S&P 500 declines towards its low, we will see if GDX will hold above 30-31, the previous 7-year resistance. Many high quality juniors have made big moves off the bottom. It is hard to chase those and that is why you must deploy cash when these things correct. I just published a flash update highlighting a buy opportunity in two of eight favorite companies. Both have corrected quite a bit already. These are 2-3 year holds... Assuming Gold is trading above $1900/oz, then one has 10-bagger potential while the other has even more than 10-bagger potential. Why not buy or accumulate when they are 20%-25% off their recent highs? 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
|