 |
Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: The Next Move in Precious Metals....
Published: Thu, 05/06/21
|
|
|
I hope you are having a good week.
There isn't much evidence to suggest precious metals are about to soar. They could certainly rally a bit further. However, if they don't rally and rollover instead, there is the risk of a resumption of the correction and lower levels. Click here to read my article The big picture is precious metals remain in correction mode and it could last for a while if the stock market does not correct. In any case, it's important to own companies that can perform without metals prices rising. There are 3 ways companies can add value and I go into detail on each of those ways. Click here to watch my video Do you know what is worse than a crash? Inflation. I explain why in this video commentary which includes charts Click here to watch my video Finally, here is an interview I did with Trevor Hall. We discuss technicals on Gold and gold stocks (bor-ing), and also commodities. I close by answering Trevor's question about what I will be watching for over the coming weeks. Click here to listen ------------------------------------------------------------------------------------------- Having read your past months' newsletters i notice your forecast about when both gold and silver next leg up will take place is less optimistic than other precious metals commentators who assert it is imminent. To be honest your relative "pessimist" medium term future price evolution forecast has proven to be more accurate than the other more optimistic analysts.
------------------------------------------------------------------------------------------- Take a look at this chart... GDX just failed at its 200-day moving average. It closed at $35.61. The advance-decline line, shown at the bottom, is a hair from an 18-month low. This is only one indicator but it tends to be a leading indicator. GDX has support at $31 and $29.  Subscribe to TheDailyGold Premium for Only $149
------------------------------------------------------------------------------------------- TheDailyGold Premium 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.
New-ish subscriber here. Big fan of your work. Your sober analysis of the precious metals market has proven far more accurate than the other voices in the space. So thank you for that. In TDG #724 we included an updated report on one of our top 8 companies. We did the math and showed how this stock has upside in a flat market over the next 12 to 24 months. We also showed the stock's potential upside given $2000 Gold. Above $2000 Gold? It could have 7x to 10x potential over 2 to 3 years. Sorry I cannot give you hints because there aren't too many companies like this. Want to find companies that will be market leaders and don't require $2000 Gold or $30 Silver to be successful? Find the ones that can add value. Remove metals prices from the equation and you will see which ones require rising metals prices to function. The bulk of my capital is in 8 companies that are or are in great position to add value over the next two years. Factor in $2100 Gold and most of these can be 4 or 5 baggers. A few have 7-bagger potential and more. I'm updating my Macro Report for subscribers and I continue to be optimistic about $50 Silver and $3000 Gold in 3 years or so. You can buy quality companies now (or in the next few months if the sector trades lower) and have a good shot at 10-baggers in 3 years. Subscribe now and get my top 8 companies. Subscribe now and you get everything up front plus 6 months of updates for only $149. (I'll be updating the potential for my companies in a future update). "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 Subscribe to TheDailyGold Premium for Only $149
|