Thursday, February 8, 2023

Good Morning!

Weakness in precious metals, and particularly in the miners and juniors has continued into February. 

Precious Metals are also breaking down in real terms as Gold against the S&P 500 broke to a 2-year low and GDX against the S&P 500 just broke 9-year support.

This is going to setup a historic buying opportunity this year, but I digress.

Huge breakouts in are accompanied by long bases and very low volatility. Gold remains in a long base and its volatility indicators remain in position for it to move explosively when it breaks $2100. 

Take a look and listen below.

Video: Gold's Low Volatility is Sending a Message (9 Min)

The short-term outlook for Gold may be negative but it will not take much to move it through $2100/oz.

Listen to my interview with my buddy Dave Skarica. It includes chapters.  

Interview: Gold to Break $2100 This Spring (30 Min)

In TheDailyGold Premium.....

In TDG #868, I again updated our Top 10 Company List.

I added two new companies to the list. Both are stronger companies and both (especially one) have a path to being a 10-bagger (in a bull market). (More on one company below). 

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.

In TDG #867 I wrote an intro report on one of those new Top 10 Companies. 

The company has an elite management team, elite shareholders, a very good project and a path to being a 10-bagger over the next 3 years. It also has good potential in a flat metals market.