TheDailyGold: The Bearish Case for Gold...

Published: Wed, 05/18/22

The Daily Gold
Jordan Roy-Byrne, CMT, MFTA


Wednesday, May 18, 2022


Good Morning!

What is the bearish case for Gold?

There are several things that can be bearish for Gold. I review them and offer my take as far as which of these has the best application to the present. 

Click Here for My Analysis in Video

The above analysis notwithstanding, Gold (in the big picture sense) is on the cusp of starting a real bull market.

If the economy goes into recession and the stock market has more downside coming (perhaps later this year), then it's almost a certainty. 

Click Here to Read My Article



This image plots a weekly chart of the S&P 500 (top) and Gold (bottom) along with the weekly equivalent to the 40-month moving average. 

The 40-month moving average has been an incredibly important trend indicator for both Gold and the stock market going back decades and decades. 

Days ago the S&P 500 came within 6% of the moving average. If the stock market is headed for a real bear market, then I'd expect it to fall below the 40-month moving average later this year. 

For Gold, the 40-month average is at $1697 and rising. That's a potential downside target if Gold has more selling ahead. 


In TheDailyGold Premium...

TDG #777 included a report on one of my top 10 companies that is very well positioned for success over the next few years and especially for a bull market in Gold.

The stock is the current largest holding in the model portfolio. It has held up quite well and has performed well over the last few years. Even with its recent success when I ran the numbers, this could have close to 10-bagger potential if Gold hits my $4000 target by the end of 2025. (FYI, I always account for cost inflation). 

The above applies to a point I made in TDG #778...

Because of the recent selloff, there are more than a handful of companies with 10-bagger potential. And I am talking about high-quality companies with significant value-creation potential. I'm not talking about "gambling on drill holes" type of companies.

For TDG #779 this weekend I am making a list of top 10 "10-bagger" potential companies.  

Now is the time to subscribe. Get knowledge, get educated and get positioned soon. Gold usually moves ahead of my own expectations. I don't want you to have to buy quality 30%-40% higher than it is now. Subscribe today. 



Thanks for reading. I wish you all great health and prosperity in 2022 and beyond!


Disclaimer: This newsletter is intended for informational and educational purposes only and should not be considered personalized and individualized investment advice. Investment in the precious metals sector contains significant risks. You should consult with an investment advisor and do your own due diligence before making any investment decisions. This email may contain certain forward looking statements which are subject to risks, uncertainties and a multitude of factors that can cause results and outcomes to differ materially from those discussed herein.