Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Has a Correction Started?
Published: Tue, 07/14/20
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We analyzed the risk of a correction in our premium service as well as in this public article, posted Sunday.
Short-Term Risk Rising but Trend Remains Very Bullish In our premium update over the weekend we said this (among many other things): ..we should tempter our immediate expectations as miners could correct 7%-10%. Some of our favorites have given back a bit of their gains and another few days of selling would provide good entry points. In a flash update published right before this email I provided downside targets for the sector as well as downside/buy targets for our favorite stocks. If you feel you missed the boat, you have not. You are going to get a buy opportunity. It's too early to say how much we could correct and how long it could last but odds are high a buying opportunity is coming. If you need help picking the right stocks and would like some guidance, then consider our premium service. I'm focused on finding stocks that can rise 3x to 5x over the next 24 months. Subscribe to TheDailyGold Premium for Only $149 Initially i thought you would be a know it all and arrogant and dogmatic but i am dead wrong about you. You are methodical, meticulous and humble. very hard for seasoned veterans to not like you.
Moving along, I do not have a new chart for you in this update as recent premium updates have included few charts. As the sector corrects and things change, I then can provide more interesting charts. I will leave you with a great post from Steve Saville, one of my favorite analysts. He discusses why Silver will outperform Gold over the coming year.
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