TheDailyGold Premium Update #498
The 27-page premium update was emailed to subscribers Monday AM.
The update included our 30-company watch list and commentary on our top 4 takeover targets in 2017. We also included the characteristics of potential, immediate takeover targets.
The first page of each weekend update includes a summary which is typically several paragraphs long. The following is an excerpt.
Despite the big reversal on Friday, I think the sector reached a short-term low a few weeks back. The miners (GDX, GDXJ) had gained 20% and 25% in less than eight trading days so a pullback was necessary. Going forward, a very bullish sign would be a brief pullback followed by a move exceeding Friday’s highs. In any case, the short-term trend looks to be higher and that is supported by corrections in the US$ and stock market. Precious metals hit an oversold extreme a few weeks ago and it will take some time for that condition to come out of the market.
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