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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Finding 10-Bagger Potential Stocks Right Now...
Published: Thu, 07/29/21
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It appears the gold stocks have found a low. They are quite oversold and my breadth indicators were not too far from the "extremely oversold" condition I was hoping would register.
The juniors (those smaller than GDXJ), have been more oversold than GDX, GDXJ and Gold. They have room to rebound. Gold isn't as oversold. It will be interesting to see how much it rallies. You can hear some of my big-picture analysis in the following video. I compare this correction and recovery in Gold to the three worst ones. I apply some numbers from those to project when Gold could bottom (if it has not already) and when it could breakout. Click Here for the Video ------------------------------------------------------------------------------------------- I have seen and tried a few of the newsletters. 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 newsletters 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 TDG #736, I provided extended updates on two of our holdings and two watch list companies. These companies are 10-bagger potential companies or somewhat close to 10-bagger potential. Right now, I'm focusing on junior producers and junior developers that could have 10-bagger potential. What should we look for to find that kind of potential? For junior producers, I'm looking for production growth potential and also valuation expansion potential. For junior developers, it's all about being able to build a mine that has expansion potential beyond the initial build. And obviously I'm looking for companies that are trading at low valuations relative to NAV. Now, there aren't tons of these companies out there. There's probably less than 10. One on my watch list is a producer that has corrected significantly. That's one way you can find a potential 7 or 10 bagger. Another one on my list is a new company. I already own some of the others and a few have moved up considerably, so realistically they won't be 10-baggers from here. There still are at least 4 or 5 stocks with 10-bagger potential. And that's based on $2000-$2100 Gold, not $3000 Gold. If Gold reaches $3000, a few of these could be 12 or 15 baggers. (And I do own a silver stock that has 10-bagger potential at $50 Silver, but I'm not counting that). Finding opportunities like these, is a more realistic way to 10-baggers. All of these companies have CEO's who have built mines and sold companies along the way. Some of these companies have lower market caps than exploration companies who haven't drilled a hole or found anything yet! Follow the link below to subscribe and learn about these companies. Subscribe to TheDailyGold Premium for Only $149
------------------------------------------------------------------------------------------- "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 -------------------------------------------------------------------------------------------
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