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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Buying Opportunity in Gold Stocks is Here!...
Published: Wed, 11/25/20
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I planned the article title over the weekend, before the losses on Monday and Tuesday. GDX & GDXJ could bottom by the time you read this or not far after. Buying Opportunity in Gold Miners & Juniors
In this video I discuss the impact of bond yields on Gold and the things to watch when analyzing interest rates & Gold. I should have recorded a commentary on how to buy stocks during or after a correction, but instead I recorded a commentary on how to buy a stock that is overbought.
Here is a chart that shows the inflow/ouflows into Gold. The last week had the biggest outflow ever. Some will note that there were previous large outflows in 2013 and 2016. At present, Gold is simply correcting and prior to this chart, was still well above its 200-dma. The current fundamentals and market structure is entirely different than in 2013 when there were huge outflows.  Moving onto TheDailyGold Premium... In TDG #701 and recent flash updates, we've covered the selloff and downside targets as well as buying targets, in addition to some company updates.
We have touched on that there will be some nuances around this sector low. I am seeing different possibilities (over the weeks ahead) between GDX, GDXJ, various juniors as well as the Silver space. I explained this in the most recent flash update. But, generally speaking, we are at the start of a buying opportunity for this sector. Get ready to put your cash to work. If you aren't a subscriber, consider learning about the companies you should buy. I’ll keep this quick as I’m sure you’re busy right about now! First off, GREAT JOB with your calls recently! I feel much more confident navigating my gold investing with you in my corner! Also, I really appreciate the “buy, hold, accumulate” rating in your newsletter.
That is very helpful for me.
Thanks much sir. You are calling this great so far. Better than all others and will get credit.
First, a compliment. 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.
"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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