Gold: Good Times Are Here Stewart Thomson email: stewart@gracelandupdates.com email: stewart@gracelandjuniors.com email: admin@guswinger.com Dec 3, 2019 -
While some analysts are getting a bit negative in their outlook for gold, the physical market is getting stronger and that’s very good news for investors. -
Please click here now . I predicted that Indian jewellers would step into the market in the $1465 area, and that has obviously occurred. -
Given the onerous import duty, November demand in the official market was outstanding. Black (free) market demand was also likely very strong. -
Please click here now . Double-click to enlarge. There’s a beautiful double bottom pattern in play on this short-term gold chart. -
Investor sentiment collapsed on the second low and that’s “textbook” action for this type of bullish pattern. -
Please click here now . Double-click to enlarge. Bond market charts look very similar to gold market charts right now. -
A move above 160 on the T-bond chart would add some serious “mojo” to gold, and I’m predicting that it happens soon. -
In the late 1920s, Herb “I’m a Tariff Tax Man” Hoover’s tariff tax tantrum resulted in the election of Roosevelt (FDR), who was a vile gold hater and socialist. After confiscating their gold, FDR happily sent 400,000 soldiers to die in various wars. -
Donald Trump is gambling that his tariff tax tantrum won’t result in the 2020 election of another crazed socialist, like Warren, Sanders, or Ocasio, but I wonder if he’s aware of the potentially dire consequences of his actions. -
It’s a huge gamble to take. His tax cuts produced surging GDP and surging global stock markets. More tax cuts were a “no-brainer”, but instead he’s risking it all with these tariff taxes. From a risk versus reward perspective, there’s very little potential reward and enormous risk. -
Please click here now . Double-click to enlarge this ominous dollar versus yen chart. -
FOREX traders are obviously concerned about the possibility that the US government’s endless waves of GDP-destructive tariff taxes result in the election of an unstable socialist government. -
While gold forms a double bottom and Indian dealers buy aggressively, the dollar has formed a double top within a very bearish wedge pattern. -
A breakdown from the top pattern would likely be accompanied by a crashing stock market and soaring gold, soaring silver, and soaring gold stocks! -
Please click here now . Double-click to enlarge. Many individual miners are currently roaring to fresh highs for the year, and this GDX Advance-Decline chart showcases the action. -
Please click here now . Double-click to enlarge this superb short-term GDX chart. -
I’m predicting an imminent upside breakout from the double-bottom pattern, and it could happen today! -
With India back on the buy and US manufacturing in recession, the stock market is on very shaky ground. -
The Fed is pumping out “QE that is not QE”, and Trump may need to ramp up government spending and debt to counter the negative effects of his tariff taxes, if he wants to get re-elected. -
Monday’s COT report shows the commercial traders reducing short positions significantly, which I expected given the obvious surge in Indian demand. -
All my proprietary weekly chart signals are now in buy mode for gold and for the GDX/GOAU ETFs. Short-term traders can use my https://guswinger.com signals to take NUGT and DUST signals… to ride the gravy train on the next big run for gold! -
History rhymes more than it repeats, and I suggested that gold’s reaction was more likely to bottom in mid-November than December this year. -
The exact low for gold was November 12. - Seasonality and charts are created by liquidity flows in the physical market and on the COMEX. The bottom line for gold: Good times are here, and great times are near!
Thanks! Cheers st Dec 3, 2019 Stewart Thomson Graceland Updates
website: www.gracelandupdates.com
email for questions: stewart@gracelandupdates.com
email to request the free reports: freereports@galacticupdates.com
Tuesday 17th Dec 2024
Special Offer for 321gold readers: Send an email to freereports@galacticupdates.com and I'll send you my free “Gold Stock Geyers!” report. I highlight key CDNX rocket ship stocks trading under $1/share that may be loaded with payloads of 100%-200% gains! Key investor tactics included in the report.
|
Graceland
Updates Subscription Service: Note we are privacy oriented. We accept cheques.
And credit cards thru PayPal only on our website. For your protection
we don't see your credit card information. Only PayPal
does.
Subscribe via major credit cards
at Graceland
Updates
- or make checks payable to: "Stewart Thomson" Mail
to: Stewart Thomson / 1276 Lakeview Drive / Oakville, Ontario
L6H 2M8 / Canada |
Stewart
Thomson
is a retired Merrill Lynch broker. Stewart writes the Graceland
Updates daily between 4am-7am. They are sent out around 8am. The
newsletter is attractively priced and the format is a unique numbered
point form; giving clarity to each point and saving valuable
reading time.
Risks, Disclaimers,
Legal
Stewart
Thomson is no longer an investment advisor. The information provided
by Stewart and Graceland Updates is for general information purposes
only. Before taking any action on any investment, it is imperative
that you consult with multiple properly licensed, experienced
and qualifed investment advisors and get numerous opinions before
taking any action. Your minimum risk on any investment in the
world is 100% loss of all your money. You may be taking
or preparing to take leveraged positions in investments and not
know it, exposing yourself to unlimited risks. This is highly
concerning if you are an investor in any derivatives products.
There is an approx $700 trillion OTC Derivatives Iceberg with
a tiny portion written off officially. The bottom line:
Are
You Prepared? 321gold Ltd |