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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: This Chart Shows When Gold Stocks Explode...
Published: Tue, 06/01/21
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Amongst several charts, there is one that I think will signal to us when Gold Stocks are about to explode.
Click Here for the article Here is video analysis of the gold stocks against gold. Gold stocks are in position to massively outperform Gold over the next 12 to 24 months. Click Here for the video. Here is another video analysis, published Monday. I provide a short-term outlook for the sector and more. Click Here for the video. Subscribe to TheDailyGold Premium for Only $149
------------------------------------------------------------------------------------------- Here is a comparison of the recent correction in gold stocks to that of 2004-2005. This does not imply gold stocks are going to experience another leg down which reverses recent gains. But it should remind you that its quite possible there can be a leg down, before a launch to the upside. Gold stocks exploded from mid 2005 to mid 2007.  ------------------------------------------------------------------------------------------- I look forward to reading your weekly reports and have profited substantially by following your advice over the last two and a half years. You have educated me, not only by helping me to better understand the fundamentals of selecting junior resources stocks but I have also come to understand the basics of technical analysis that applies to them. I appreciate your straight forward and honest approach backed up by the evidence that you present and your experience. There is lots more to learn and I remain a loyal subscriber. Jordan's newsletter The Daily Gold is the best deal in precious metals investing. He is sharp, experienced, honest, doesn't overhype, disciplined, and he is killing it in this bull market with well researched picks that are outperforming the GDX & GDXJ with less risk and better upside in my opinion. Seriously, check it out.   Subscribe to TheDailyGold Premium for Only $149 ------------------------------------------------------------------------------------------- Last week we added a junior producer to our watch list and noted that there might be very compelling value in lower quality juniors. To me, that just means lower than "high quality" or "quality." It doesn't mean low quality.
I noted one company (page 2) with 3M oz Au in the ground, with potential to grow to 4M-5M oz Au. The company has cash and is trading at an enterprise value of less than US $40 Million. If Gold hits $3000 in a few years and this company has 5M oz Au (in a good jurisdiction BTW), what do you think its value will be? Maybe 10x higher. I continue to work hard to find quality juniors with huge potential. I'm not going to rest and sit on my current holdings. I'm always looking around for more! Are you going to take advantage of my expertise now or wait until Gold breaks $2,100 and all these stocks have already doubled? "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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