2025: A Golden Mining Stocks Year? Stewart Thomson
email: stewart@galacticupdates.com
email: admin@galacticjuniors.com
email: admin@galacticswinger.com
Dec 31, 2024
- As the year 2024 comes to an end, the US stock market has become even more overvalued while being trumpeted as a poster boy for the well-being of America.
- Please click here now. Basis the Shiller/Cape ratio, the US stock market is vastly more overvalued than it was in 1929.
- US money printing and debt are the “hallowed pillars” that have allowed it to stay overvalued since the 2008 lows, but as the Trump administration 2.0 begins its reign, that’s likely to change.
- In early 2025, in anticipation of an end to the free money ride, the US stock market could quickly begin to look like a hybrid of the 1929 and 1966 debacles.
- Please click here now. Double-click to enlarge. While major fiat currencies are burning against the dollar, the dollar itself is in a death spiral against supreme money gold.
- The situation is perhaps best described as… eery and ominous.
- Please click here now. Double-click to enlarge. The stock market advance/decline line looks shaky, as do the Dow Transports. The Industrials also look toppy.
- From a price/earnings ratio perspective, to reverse the overvalued situation of most of the US stock market while it continues to rise…
- Rather than the supposedly awesome 3% GDP growth that most analysts are projecting, it’s likely that GDP growth of about 20% (or more) would be required to alleviate the danger.
- What about the purported key relationship of the dollar index (USDX/DXY) and gold? Please click here now. Double-click to enlarge. In 1976, the dollar index was at about 108, and it’s about 108 now. In 1976, gold was about $100, and it’s $2600 now!
- Gold scored a “26 bagger” against the dollar index while the dollar index went nowhere. In a nutshell, there are short-term moments in time when the dollar index rises and gold dips, but…
- Gold, silver, and mining stock investors should not focus on the failing fiat dollar’s supposedly great action versus various other failing fiats. They should focus on the dollar versus gold, with the sole goal being not to make “big fiat profits” but instead to get more gold.
- On that note, please click here now. Double-click to enlarge. Note the 14,5,5 series Stochastics action at the bottom of this weekly gold chart. The overbought situation has been worked off.
- The oscillator could turn up here, but if it becomes oversold as the price arrives at support of size like $2550, gold, gold stocks, and silver bullion will be solid buys.
- Please click here now. Double-click to enlarge. Yesterday was an important day for the BPGDM sentiment index. It’s down to under 40 now and getting closer to the “no-brainer” buy zone of 30.
- Please click here now. Double-click to enlarge. The CDNX weekly chart shows a loose inverse H&S base pattern and a breakout above 620-640 could create a powerful rally.
- For a look at the daily chart, please click here now. Double-click to enlarge. Note the action of the 14,7,7 series Stochastics oscillator at the bottom of the chart. Junior mining stock investing isn’t suitable for every gold bug, but when these stocks do well as a group, it usually indicates that intermediate and senior producers will fare well too.
- I’ve been writing my junior resource stocks newsletter about twice a week and just ramped that up to three. Many individual miners are shooting higher (as a kind of prelude to what lies ahead for the CDNX itself?), and I want aggressive investors to get in on the action. At just $199/12mths it’s an investor favourite. I’m doing a special pricing this week of $169 for 14mths. Click this link or send me an email if you want the offer and I’ll get you onboard. Thank-you.
- What about GDX? Please click here now. Double-click to enlarge this weekly chart. The Stochastics oscillator is fully oversold and GDX is just above support at $32.
- For another look at it, please click here now. Double-click to enlarge this daily chart. A huge symmetrical triangle is in play and the current pullback could end near the apex at $32-$30.
- Also, note the GDX vs gold action at the top of the chart. GDX is very close to major support against gold!
- For a third look at GDX, please click here now. Double-click to enlarge. The RSI oscillator is not confirming the drop in price below the November low. That’s a positive sign.
- Next, please click here now. Double-click to enlarge. The SGDM ETF is an alternative to GDX, and it’s sporting a huge reversal candlestick on this daily chart. Stochastics is also looking good and the same bullish non-confirmation of RSI with the price is in play.
- Please click here now. Double-click to enlarge. Companies like Barrick are massively oversold on their weekly charts… and some have insider buying. To sum up the situation: 2024 was a big year for gold and 2025 could be even bigger for the stocks of companies that mine it. Happy New Year to all gold stock investors of the world!
Thanks!
Cheers st
Dec 31, 2024
Stewart Thomson Graceland Updates
website: www.gracelandupdates.com
email for questions: stewart@gracelandupdates.com
email to request the free reports: freereports@galacticupdates.com
Tuesday 31st Dec 2024
Special Offer for 321gold readers: Send an email to freereports@galacticupdates.com and I'll send you my free “CDNX: The Golden Gaps!” report. I highlight CDNX resource stocks trading under $3 that are staging “moon shot” breakout gaps. Solid investor tactics are included to help minimize risk and maximize reward!
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Stewart
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is a retired Merrill Lynch broker. Stewart writes the Graceland
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