TheDailyGold: Gold Stocks are Best When They Look Awful...

Published: Fri, 09/09/22

The Daily Gold
Jordan Roy-Byrne, CMT, MFTA


Friday, September 9, 2022


Good Morning!

In looking at various bottoms in gold stocks (2000, 2008, 2016, 2018, 2020) the charts looked bad. Really bad.

You don't want to wait for charts to look good to turn bullish, nor do you want to assume that bad = good. This is an art not a science.

I explain in this article. 

Gold Stocks are Best When They Look Their Worst 

In a similar vein, Gary Tanashian highlights how the Dickens quote (it was the best of times, it was the worst of times) applies to Gold and gold stocks- at times like these. 

The Best of Times for Gold (and the Miners)



This chart is from Barry Bannister at Stifel. He has been one of the most accurate strategists over the last 20 years.

In the early 2000s he was on Jim Puplava's radio show talking about the commodity bull market. In 2012 he turned bearish on commodities and super bullish on equities.

He thinks the stock market has begun a new secular bear and commodities & value stocks a new secular bull. While he is short-term bullish on the S&P 500, he shows potential comparisons to 1939, 1972 and 2000. 


In TheDailyGold Premium...

TDG #794 was a 36-page update that included an intro report on a company that has significant upside potential due to exploration. 

Some of the best performers in recent years were producers who added value through exploration. This company is cashed up, trading at an excellent value and has big potential over the next few years.

Think about the sentiment in Gold & Silver right now, then think about 6 months from now and a recession & imminent Fed rate cuts? Where is Gold trading at that point? It might go lower beforehand but in that scenario it could be at $2000-$2050. 




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.  


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