Gold closed last week at new weekly and monthly all-time highs. Then, after a daily all-time high, we got the bearish reversal.
How much could Gold correct?
What are the final resistance levels in Gold & Silver before they really takeoff?
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When Gold clears the level mentioned above it likely will be in a new secular bull market.
However, there is one indicator or chart that will confirm if/when Gold is in a new secular bull market.
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TDG #859 included a report on a junior producer, which is a new Top 10 Company. This company had been on our watch list for a while.
This is a company with strong management that has a great track record of building mines. They are aiming to be a multi-mine company that reaches production of 500K oz Au/yr in the next 5 years.
I calculated that the company at $3000 Gold in a few years, has 5-bagger potential. This is the type of stock you can buy and hold for several years. It even has 3x upside at a $2100 Gold price.
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For TDG #860 I am reviewing a deep value play. It is a developer with many positive attributes.
For example, the company is currently valued at less than $8/oz in the ground.
Moreover, based on the economic studies and current metals prices, it is valued at an estimated 0.06x NAV.
In a few years, the Gold price could be much higher and the NAV would be much higher. And the company could move the projects along and in a strong market get a valuation of 0.20x-0.25x NAV.
There are more of these out there and I will find them for you.
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