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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Here's Whats Next in Gold & Silver...
Published: Mon, 05/24/21
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Last week I published a video update discussing what's next for precious metals. I noted key levels in Gold & Silver as we close the month.
Click Here for the video If you want the text version, which isn't as extensive but is more current by a few days, then read my editorial from Friday. Click Here for the article. Subscribe to TheDailyGold Premium for Only $149
------------------------------------------------------------------------------------------- Here is the weekly chart of Silver, along with some volatility indicators at the bottom. Big moves occur after periods of low or falling volatility. The bottom two indicators still have room to fall. Also, note that in the previous three bullish consolidations, Silver tested its 80-week moving average sometime during the correction. It hasn't yet. So it would not be surprising to see Silver continue to consolidate or at least not breakout immediately.  ------------------------------------------------------------------------------------------- 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 ------------------------------------------------------------------------------------------- TDG #727, published Saturday night, was 29 pages and included an updated report on a junior producer, news from our companies (it was a busy week), and charts of most of our stocks.
This junior producer has been one of our core positions for over a year. In 2019 and 2020 we said it had 10-bagger potential. It does not now because of its success, but we expect it can be a steady performer over the next few years. The company is very well run and is very efficient with their capital. It has great production growth potential. In a Q&A we essentially called bottom on one of our stocks, that has been correcting. It was a huge winner last year and became our largest position at one point. We trimmed it multiple times. After a lengthy correction, we called it a buy/accumulate for the first time in close to a year. In TDG #726 we assessed the upside potential of our producer and developer stocks. As I noted last week, there are some quality companies with 4x, 5x, 7x and even 10x potential. The model portfolio is roughly 5-6% from an all-time high. It held up very well during the correction. I learned from my failures and focused on stock picking, managing those positions and less on trying to trade in and out. 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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