Tuesday, April 2, 2024

Good Morning!

Gold is clearly in breakout mode. It should continue to upside targets of $2350 and $2500.  

You may recall my recent research showing that gold stocks immediately outperform Gold after Gold breakouts but for Silver and silver stocks, more time is needed.

Look for Gold to pull Silver through resistance at $26 and perhaps to $28-$29 before a sustained correction. More on Silver, later.

In the articles below I discuss the next important sector breakouts to come, and Gold's upside potential in this cyclical bull market. 

We know that Gold has the technical setup for a very big move. That could come to fruition if there is a recession in the next 12-18 months.

Unsolicited Subscriber Feedback.....

Jordan is awesome. I recently subscribed to his premium service. His research on individual miners is 2nd to none. But the educational material alone is worth the cost. My dad traded miners and metals for 50 years. He taught me a lot. But I’ve learned so much from Jordan in a short period of time. If my dad was still alive he would likely be emailing Jordan every day. Lol. From Eric V.

You have a rare combination of skills: deep knowledge of the PM market, a historical perspective on how it tends to behave and what can be expected, a remarkable ability to find good stock picks and analyze their potential.  Besides all that you seem to have great common sense and a practical streak. That must be what keeps us subscribing.   Solid reliable analysis and no BS.

Thanks for the fantastic work you do, Ive been in this sector since 2002 and your is the best analysis Ive seen.

First, a compliment. I so appreciate your well researched, thoughtful reflection with specific, clear stocks that have 5 bagger potential. You make it look easy (with only hundreds of hours of research) to find great opportunities.

In TheDailyGold Premium.....

TDG #876 included a report on a junior/mid-tier gold producer.

The company could grow its production significantly over the next few years. It has quite a few positive attributes, which I cannot go into without giving away too much information.

But the company's current low valuation combined with its production growth give it 5-bagger potential over the next 2-3 years. If we get into a rip-roaring bull with $4000-$5000 Gold in 3 years, it has 10-bagger potential.

As for Silver, we are planning a silver stock specific update in the next issue or two. 

In TDG #876 we noted a recent development for a silver stock we already own but are thinking about buying more of.

The stock is being valued at 1/3 of its peak valuation from three years ago. And it is a much better company now than it was then. This may be one of the best values in the gold & silver space.

And that is the key RIGHT NOW. There is still value to be had.

The two stocks I am teasing are great values at current prices. Both are liquid too.

Find value and reassess what you own to make sure you are well-positioned. That is what you must do.     

Subscribe to TheDailyGold Premium and you can immediately get up to speed by downloading TDG #874, TDG #876 and reading the Top 10 & Watch List Tables on pages 3-4 and downloading our 2023-2024 Company Reports File.