Saturday evening we published TDG #522, a 34-page update which included, among other things, several pages of Q&A and a lengthy report on a company has become extremely oversold recently. We analyzed the company and projected price targets at $1050 Gold and $1550 Gold near the end of 2018 and a higher Gold price in 2019.
We reiterated our bearish posture on the sector. Its hard to think otherwise after considering technicals and fundamentals. We think the sector is at risk of a potential dump lower over the next month. However, if our favorite companies became really cheap and oversold, we’d accumulate around those lows, even if we felt the sector could go lower later in the year.
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