Friday, February 23, 2023

Good Morning!

Since Gold's peak in August 2020, the stock market has recovered after two downturns and made two new highs. 

It has again surged to an all-time high while Gold struggles to breakout. It's maddening because Gold in a vacuum looks beautiful technically.

And even in the last six months Gold came very close to confirming a new secular bull market (as you can see in this video).

Most observers and analysts do not appear to understand secular trends and the nature of Gold bull markets.

The bull market has not even started yet but when it does, Gold will move quickly on a trajectory well past $10,000/oz. 

Video: Gold's Secular Bull Market Has Not Started (8 Min)

In TheDailyGold Premium.....

In TDG #870 I published a report on a company I added to the watch list that appears very promising.

The company made a significant discovery and its growing. The stock is well off its highs for a few reasons, but both could be temporary. 

Even in a flat Gold price environment, I see the company having 100% to 200% potential over the next few years. If the company is not acquired in the next two years, it could have 10-bagger potential over the next four years. (My report explains why).

On the Model Portfolio page of the update I wrote:

We did get oversold readings in the sector but not to the extreme level which is still possible. Unless there are some bank failures or the economy turns south very soon, I would not be too bullish on this rebound. But in general, there is very good value in select companies.

The miners and juniors have dumped lower since then. 

Until Gold is in the secular bull market, the focus on companies is two fold: 

Finding companies that can prosper at $1900-$2000 Gold and $21-$23 Silver and amongst those companies, finding the ones with 5x-10x potential when Gold breaks $2100/oz and pulls Silver higher. 

I have adjusted my Top 10 companies in recent months to fit this criteria.  

The Top 10 & Watch Lists are in table format that contains the company name, status (producer/developer/explorer), current market cap & cash position and roughly 100 words of analysis.