TheDailyGold: Key Gold & Silver Levels Into 2023...

Published: Wed, 12/07/22

The Daily Gold
Jordan Roy-Byrne, CMT, MFTA


Wednesday, December 7, 2022


Good Morning!

The next few months figure to be quite interesting. 

Watch for precious metals to diverge if the market begins to discount a recession. 

Precious Metals rebounded and the weight of the evidence argues a bottom is in. But they just reversed after testing stiff resistance. What's next?

Click Here for My Article 

For more analysis on the gold stocks, here is a look at how breadth indicators can help us sense if a rally has legs and/or increasing momentum. 

Click Here for My Video


I have mentioned this before....

This chart highlights the record rise in real rates (as per the real TIPS yield). Gold corrected 22% from top to bottom. Now it is down 15% from the high.

Gold has actually held up quite well considering the rise in real interest rates. If the S&P 500 loses 3500 this year, the economy will obviously be in recession and Gold should explode higher. 


In TheDailyGold Premium...

In TDG #807 we covered our watch list and a few other companies. We also adjusted our watch list. 

As we noted last week, we have a clear top 6 companies and top 9. We are looking to buy one company on our watch list at a lower price.

I suspect that the coming correction or consolidation will be the last chance to buy quality juniors at cheap prices. Once the next leg higher begins these stocks will be up 100% from the bottom.  




Thanks for reading. I wish you all great health and prosperity.


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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