TheDailyGold: Has a Correction Started?

Published: Tue, 07/14/20

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Tuesday, July 14, 2020
 
 
 

Good morning to you!
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. 
 

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I so appreciate your well researched, thoughtful reflection with specific, clear stocks that have 5 bagger potential. You make it look easy (with only hundreds of hours of research) to find great opportunities.

 

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.



Out of the subscriptions I have taken to undertake this function, I can honestly say that your newsletter is right up there, alongside the added advantage of the interaction with your subscribers, something some others are not prepared to do within their paid-for service. I really appreciate this.
 

I've been listening to your interviews for years. I paid close attention to how you responded to all the questions posted to you. My comments in two words; outstanding and natural. You are one of the very best professionals who truly deserves an A+ report card.

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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. 
 
 

 
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.  
 
 

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