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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: The Waiting is the Hardest Part...
Published: Mon, 10/26/20
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Gold, Silver, gold miners, junior gold miners, silver stocks....
They remain in correction mode. We continue to wait for an entry point. Successful investing requires only a few decisions and doing nothing most of the time. We continue to be at one of those times. Here is my latest video analysis of the sector What's going on with the dollar? How is it impacting Gold and Silver? I discuss and analyze in this video commentary. On another note, are you an accredited and high net worth investor who is interested in private placements? Do you have at least US $1 Million invested in precious metals? If so, you may be interested in TheDailyGold Elite. The focus of this service is on private placement opportunities as well as consulting. The two private placement opportunities I'm currently working on may be our two best over the next 12 months. If you qualify and are interested, please email me for more information and I can help you decide if this service fits your needs or not.
Jordan has been way more accurate than most metals analysts and the people who pretend to be analysts.
I have tried quite some subscription over the years and yours has been best of all hands down.
Moving along, here is a chart of GDX which includes 3 breadth indicators: the advance/decline line, the bullish percentage index (69%) and the percentage of stocks in the HUI (GDX without royalty co's). The most important thing to watch is price and GDX hit a low of $37.00 in September. It has really strong support at $35. I'm focused on those levels but another thing to watch is the breadth indicators. Roughly a year ago when the market corrected mildly, note that the bullish percentage index came down to 50% while the percentage of HUI stocks above the 200-dma declined to 67%. That figure remains at 100%.  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.
In our past two updates (TDG #696 & TDG #697) we've included reports on two companies with strong upside potential. We own one but not the other. We want to add to the position we own and buy the one we don't own.
If both companies execute and Gold remains around $1900-$2000, these stocks have 5x potential. If Gold runs past $2000 in the next 2-3 years these stocks have 7x potential. I'd give more hints but you could probably figure it out! My goal is for us to invest in things with 3x to 5x potential over the next 18 to 24 months. I want to help you by finding companies with the best combination of fundamentals and upside potential. If I'm right and the correction continues, there will be another buying opportunity in the next month or two. "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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