Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Find Slight Gains on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 5 25 2018
By: Ira Epstein

COT Gold, Silver and US Dollar Index Report - May 25, 2018

Gold Juniors’ Q1’18 Fundamentals
By: Adam Hamilton, CPA

Trump "Victories" on Trade are Anything But
By: Peter Schiff

Debt Slaves, Part 1: Million Dollar Student Loans And The Coming Bailout
By: John Rubino

Three Drivers of Gold, Second Look
By: Arkadiusz Sieron

GoldSeek Radio Nugget: Peter Schiff and Chris Waltzek

Can We Really “Time” The Market?
By: Avi Gilburt

GLOBAL FINANCIAL BREAKDOWN CONTINUES: Economic Growth Chokes On Massive Debt Increases
By: Steve St. Angelo


GoldSeek Web

Queen Gold Changes Horses In 2014

-- Posted Tuesday, 24 December 2013 | | Disqus

Graceland Updates

By Stewart Thomson

1.    As the year 2013 comes to a close, I think it’s wise to review some longer term charts.  Please click here now.  That’s a weekly gold chart, and there’s what I would term a “commodity-style” double bottom pattern in play.

2.    Commodity markets can create valid patterns that don’t quite meet the strict requirements of the Edwards and Magee handbook on technical analysis. 

3.    Technical rules should be applied more loosely to commodity charts, because the use of leverage can distort price patterns.

4.    In the case of this weekly gold chart, the time period between the first bottom and the second potential bottom is a little bit too long, but I think the shape of the pattern makes it valid.

5.    A rise above $1434 ushers in a target of about $1680.

6.    Please click here now.  That’s a view of large speculator liquidity flows in comex gold contracts, courtesy of sentimentrader.  There’s a double bottom pattern in play that fits with the double pattern on the weekly chart.

7.    Just as the stock market tends to anticipate future economic news, the comex gold market liquidity flows can anticipate future gold market news. 

8.    If gold begins to rise in 2014, would that be a simple short covering rally, or could the market be anticipating something bigger, like a Narendra Modi victory in the Indian election?  

9.    The double bottom pattern seems to suggest that some key bullish news is coming soon, and an official return of India’s citizens to the gold market could create enough buying to push gold towards the $1680 target zone.

10. Please click here now.  That’s a quarterly bars chart that compares silver to the US T-bond. 

11. If gold and silver are transitioning from a Western-centric bull market to an Asian-centric bull era, then super-sized chart patterns should appear in these markets, and this appears to be the case with silver. 

12. This ratio chart shows a gigantic head and shoulders bottom pattern in play, and it suggests that in 2014 silver should begin to outperform the T-bond for many years, and potentially for decades.  

13. Note the action of the Stochastics indicator (14,3,3 series) at the bottom of the chart.  Not all of the crossover buy signals have produced sizable moves in the silver price, but the overall track record of this indicator on the quarterly bars chart is very good.

14. If growth is the dominant theme of the world’s economy in 2014, silver should perform better than gold, because of its significant use in industrial applications. 

15. If that growth combines with Japanese QE to create rising inflation, silver should also do well, and it could also outperform gold in that environment.

16. Please click here now.  This is a quarterly bars chart of the Dow.  It covers more than a century of data.   I would argue that the current institutional rush into the stock market resembles the public’s rush to buy, in the year 1929.

17. The red trend line resistance that I’ve highlighted on the chart is strong, and there’s some frightening broadening price action in play.

18. I have no idea if the Dow will crash in 2014, like it did in 1929, but I only buy significant price weakness, so I have no interest in joining these institutional “price chasers” as they buy. 

19. Many of them are using the savings of elderly pensioners, to buy a stock market that has risen nearly 200% percent from the lows of 2009.  That’s a financial cocktail that value-oriented investors should avoid like the plague.

20. Please click here now.  This is a quarterly bars chart of the HUI index.  The Stochastics indicator (14,3,3 series) is near the lows it hit in the year 2000, and the MACD (3,6,9 series) is beginning to turn up, and the histograms are rising.

21. The action of the histograms is not confirming the new lows in price.  If Chinese gold demand stays roughly where it is now, Indians import restrictions end, global growth rises, and Japanese inflation begins, gold stocks could have a very good year in 2014.

22. Please click here now.  This is a quarterly bars gold chart.  Professional investors seek to minimize risk and mazimize reward.  From a technical perspective, there is massive buy-side HSR (horizontal support and resistance) quite close to the current price.

23. Whether the double bottom pattern on the weekly chart activates or fails, the fact is that gold is near three enormous support zones.  It makes more sense to be a buyer than a seller when the price is so close to powerful buy-side HSR.

24. As the year 2013 comes to a close, the Western super-crisis has entered a lull period, and an Asian citizen gold demand era begins.  It could be said that your “Queen Gold” jockey is changing horses in 2014.  She’s moving from a Western racehorse… to an Asian Clydesdale.   In the biggest picture, I think this means that Western precious metals investors are going to have their golden cake, and eat it too!

Special Offer For Website Readers:  Please send me an Email to and I’ll send you my free “Santa’s Golden Sleigh!” report.  I’ll highlight 3 mega resource gold stocks that could reap consistent and sizeable gains for investors in 2014, and for years to come!





Stewart Thomson 

Graceland Updates


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.  They pay us.  Minus their fee.  PayPal is a highly reputable company.  Owned by Ebay.  With about 160 million accounts worldwide.   


Written between 4am-7am.  5-6 issues per week.  Emailed at aprox 9am daily.





Rate Sheet (us funds):

Lifetime: $799

2yr:  $269  (over 500 issues)

1yr:  $169    (over 250 issues)

6 mths: $99 (over 125 issues)


To pay by cheque, make cheque 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-9am. The newsletter is attractively priced and the format is a unique numbered point form.  Giving clarity of 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?

-- Posted Tuesday, 24 December 2013 | Digg This Article | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.