Gold $2000: Recaptured!

Aug 18, 2020

1. Please click here now. Double-click to enlarge this “recapture the good times” gold chart.

2. Gold has recaptured the $2000 price marker, and there’s already a noticeable pattern of higher highs and higher lows from the low of the reaction. That’s bullish action!

3. Please click here now. Here, US politicians appear to be pledging their allegiance to Fed photocopier machines and more debt…

4. While leaving the citizens to rot.

5. Most leading US politicians are extremely wealthy. Many grew up with a big fiat spoon in their mouth. They don’t really care if the average citizen lives or dies. All they mainly do is brag about themselves while spending, printing, and borrowing obscene amounts of money.

6. That’s great news for gold and silver!

7. Please click here now. Double-click to enlarge. Silver also now sports a nice staircase pattern of higher highs and lows.

8. What about the miners? Well, please click here now. Double-click to enlarge this GDX chart.

9. With the news out that perennial gold basher Warren Buffett has finally bought a gold stock (Barrick), an institutional buying frenzy is quite possible…

10. If gold can prove itself here at the $2000 price level.

11. GDX looks ready to test the recent high, and many individual miners have already done so successfully.

12. Please click here now. Double-click to enlarge this GDXJ chart.

13. While gold’s quick rally back over $2000 is good news, investors need to be prepared for an array of scenarios, some good, and some… not so good. GDXJ could go into a trading range that tests investor nerve, before moving higher again.

14. Please click here now. Double-click to enlarge this US stock market chart.

15. My epic buy signal points were outlined years before the Corona crisis crashed the market into them.

16. The bottom line: The FATCA-themed American empire is finally fading away, but as democrats and republicans attack each other on the streets, the government could look to “solve” that problem… with a major war.

17. I’ve outlined the 2021-2025 period as a potential war cycle. Previous war cycles in America include 1941-1945 and 1861-1865.

18. Broadening action in a market (higher highs and lower lows) suggests a market that is… out of control. That broadening action has been occurring in the US stock market since 2018.

19. Simply put, cyclical, technical, and fundamental action in markets, government, and on the streets of America is truly ominous.

20. Unless the US government adopts a policy of promoting modesty, savings, and gold, it’s unlikely that the war cycle of 2021-2025 can be averted.

21. Please click here now. Double-click to enlarge this gold chart.

22. Double bottoms and rectangle patterns can frighten unprepared investors. Media commentators will talk of a “test of the lows”, and that doesn’t help uncomfortable investors at all.

23. Until gold makes a new high, investors really need to be prepared for a trading range between $2100-$1900, and for the inevitable “It could fall to $1700” fear mongering from the gold bears.

24. Interestingly, the technical target of an upside breakout above $2100 would be $2300, which is also the target price of key gold market fundamentalists at the big banks. A move above $2100 likely ushers in a real institutional buying frenzy. Let’s hope gold and silver investors are prepared… for the party!

Thanks!

Cheers
st

Aug 18, 2020
Stewart Thomson
Graceland Updates
website: www.gracelandupdates.com
email for questions: stewart@gracelandupdates.com
email to request the free reports: freereports@galacticupdates.com

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321gold Ltd