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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Stock Market Decline Needed to Propel Gold...
Published: Thu, 08/05/21
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It's quite simple.
Our sector isn't going much higher until the stock market declines again. Click Here to Read My Article Precious Metals cannot enjoy a real bull market if they are underperforming the stock market and especially as consistently as over the past 12 months. With that said, there are quite a few warning signs building for the stock market. The risk of a correction is the highest it's been in well over a year. Seasonally, the middle of August into October is often the worst time of year. It's something to keep in mind. For more of my comments on this, listen to my interview with Mike Swanson. It starts at 4 minutes. Click Here for My Interview ------------------------------------------------------------------------------------------- Here is a 25-year weekly chart of Gold with the equivalent to its 40-month moving average (you can see why it's important, note the blue arrows) and some volatility indicators at the bottom of the chart. Long-term volatility indicators continue to show declining volatility. The vertical lines show big moves start from very low volatility. Volatility will continue to decline as Gold builds the handle part of the cup and handle pattern.  ------------------------------------------------------------------------------------------- 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 #737, I provided an updated company report on one of my favorite stocks. I calculated that at the present Gold price, this stock could have up to 3x potential over the next 12-18 months. It has 10-bagger potential over the next 3 years and, if Gold breaks out and trends towards $3000, there is a scenario where this could have 15-bagger potential. The CEO built a billion dollar company before and owns a significant amount of the stock. These are the types of stocks we are looking for and invest in. Now is a great time to subscribe as we will be updating company reports every week and writing some new ones. 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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