Stewart Thomson: A HISTORIC Time For Gold

What issues is what US and Chinese language traders imagine, and so they clearly imagine that it’s time to go for the gold!

by Stewart Thomson of Graceland Updates

Graceland Updates 4am-7am


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June four, 2019

The highly effective promote alerts I’ve in play for US inventory markets at my buying and selling service present no indicators of abating.
Please click on right here now. Double-click to enlarge this Nasdaq ETF chart.
President Trump unleashed an enormous company tax lower early in his presidency, and that was very constructive information for the inventory market.  Since early 2018 although, he clearly reversed course on taxes and has donned a ghoulish “Tremendous Tariff Taxes Man” cape.
Trump now appears emotionally obsessive about tariff taxes, QE, charge cuts, and seems to have made no effort to reverse the huge development in authorities dimension and debt.
US inhabitants demographics are usually not good.  An ageing inhabitants is now making an attempt to wall in an entitlements-oriented political system that is determined by the greenback as reserve forex to maintain it solvent.
Trump’s requires extra QE on the peak of the enterprise cycle are one thing out of a “Twilight Zone” novel.
QE is meant to be an emergency coverage software reserved for extreme financial disaster, not for launch on the peak of the enterprise cycle to empower ever-more authorities spending and debt!
Institutional traders have gotten very involved (and rightly so) that Trump’s tariff taxes will push the US economic system into recession earlier than the enterprise cycle naturally does so.
For these of us who shorted the inventory market as my QQQ-NYSE alerts flashed although, Trump’s actions are “making us nice”.
Examine-out this spectacular GDX every day chart.
In the summertime of 2018 a variety of analysts predicted a inventory market crash that might drag down gold shares (like 2008).  In distinction, I advised a inventory market crash was doubtless, however it could be accompanied by a surge within the worth of GDX.
That’s what occurred final fall, and it’s occurring once more now.  GDX is surging larger because the US inventory market nostril dives!
Notice my $25-$26 goal zone for GDX on this every day chart.
Please click on right here now.  Double-click to enlarge.  My $25-$26 goal zone is predicated partly on the weekly chart resistance in that worth zone.
A Friday NYSE shut above $23 for GDX, $36 for Newmont, $46 for Agnico Eagle, and $14 for Barrick are what I’m in search of to launch a serious run larger for many gold shares.  Which will or will not be accompanied by a transfer above $1370 for gold bullion and a contemporary leg down for the tariffs-infested inventory market.
Please click on right here now. Double-click to enlarge.  That’s a take a look at my swing commerce alerts for GDX.
There are a number of gaps in play on the every day chart.  That’s very uncommon in any market.  In time, this GDX worth motion could also be considered as “legendary” within the face of the inventory market rout….
If the rally continues and makes it to my goal costs!
I issued a normal gold shares revenue reserving name for traders and merchants yesterday, however not for JNUG, which I counsel traders maintain for extra wonderful potential good points till I get a full sign for the sector.
Please click on right here now.  On Sunday the Chinese language authorities issued a white paper stating that Trump has backtracked in tariff tax negotiations.  Now a journey warning has been additionally issued.  That is going to generate extra concern for Chinese language residents who’re invested in America.  They pay shut consideration to official statements from their authorities.
SPDR (GLD-NYSE) tonnage surged to the 159 degree yesterday. That is clear proof that US cash managers are additionally going for the gold!  Chinese language traders are reporting shopping for extra gold as a result of they imagine Trump can’t be trusted in negotiations.
I predicted that Chinese language traders would start shopping for gold as an alternative of investing in inventory markets because the belief difficulty reared its ugly head, and now it’s occurring. The underside line: It actually doesn’t matter whether or not Trump may be trusted or not.
What issues is what US and Chinese language traders imagine, and so they clearly imagine that it’s time to go for the gold!
Please click on right here now.  Double-click to enlarge what I imagine is probably the most majestic-looking chart within the historical past of markets.  All the value motion going down now could be precisely what traders ought to anticipate to occur within the closing proper shoulder rally of a H&S bull continuation sample.  Gold’s concern commerce in America and the love commerce in China and India are in good sync, each technically and basically.  Traders want do just one factor now, and that’s to bask within the golden glory of this historic second in bull period time!

Particular Provide For Web site Readers:  Please ship me an E-mail to free [email protected] and I’ll ship you my free “Golden Rockets To Pluto!” report.  I spotlight eight gold miners buying and selling beneath $10/share which might be poised for stage “multi-bagger” good points as gold breaks above $1370!  I embody key techniques to purchase and promote every inventory.




Stewart Thomson

Graceland Updates

Notice: We’re privateness oriented.  We settle for cheques, bank card, and if wanted, PayPal.

Written between 4am-7am.  5-6 points per week.  Emailed at aprox 9am every day.


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[email protected]

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Charge Sheet (us funds):

Lifetime: $999

2yr:  $299     (over 500 points)

1yr:  $199     (over 250 points)

6 mths: $129 (over 125 points)

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Stewart Thomson / 1276 Lakeview Drive / Oakville, Ontario L6H 2M8 Canada

Stewart Thomson is a retired Merrill Lynch dealer. Stewart writes the Graceland Updates every day between 4am-7am. They’re despatched out round 8am-9am. The e-newsletter is attractively priced and the format is a novel numbered level type.  Giving readability of every level and saving beneficial studying time.

Dangers, Disclaimers, Authorized

Stewart Thomson is not an funding advisor. The knowledge supplied by Stewart and Graceland Updates is for normal data functions solely. Earlier than taking any motion on any funding, it’s crucial that you simply seek the advice of with a number of correctly licensed, skilled and certified funding advisors and get quite a few opinions earlier than taking any motion. Your minimal danger on any funding on the earth is: 100% lack of all of your cash. You might be taking or getting ready to take leveraged positions in investments and never comprehend it, exposing your self to limitless dangers. That is extremely regarding if you’re an investor in any derivatives merchandise. There’s an approx $700 trillion OTC Derivatives Iceberg with a tiny portion written off formally. The underside line:

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