Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

SELLING OUT OF PRECIOUS METALS AND BUYING BITCOIN…. Very Bad Idea
By: Steve St. Angelo

The Bitcoin Bubble Explained in 4 Charts
By: Jake Weber

VXX Sends an Awesome Message from Another Galaxy
By: Rick Ackerman

Asian Metals Market Update: November-22-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Gain With Stocks
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 21 2017
By: Ira Epstein

Bitcoin, Bail Ins And Bullion
By: Mike Maloney

Tactics For The Gold Bull Era
By: Stewart Thomson

Dow Peaking? The Quick Guide to Diversifying Your Stock Profits
By: Jeff Clark

What History Says for Gold Stocks in 2018-2019
By: Jordan Roy-Byrne CMT, MFTA

 
Search

GoldSeek Web

 
Greece Burns & Gold Prepares To Rally


 -- Published: Tuesday, 30 June 2015 | Print  | Disqus 

Graceland Updates

By Stewart Thomson

 

1.    As the crisis in Greece (and now Puerto Rico) intensifies, Global markets (except gold) are tumbling.  Please click here now.  Greek banks are closed, and the situation looks grim. 

2.    Incredibly, the enormous volatility seen in US stock markets yesterday could intensify, when the US jobs report is released around 830AM on Thursday, just a few days ahead of the Greek referendum!  Gold and silver have a rough general tendency to decline ahead of the jobs report, and rally following its release.

3.    In my professional opinion, Greek citizens will probably vote “Yes” to stay in the EU, but will leave anyways in a few weeks.  Their sovereign debt crisis won’t be solved by borrowing even more money.  Also, once today’s payment deadline passes, it appears that the referendum becomes a vote on something the IMF by-laws prevent it from delivering!

4.    The good news is that I expect Chinese corporations and banks to engage in serious buying of Greek assets if/when Greece leaves the EU.  Greek stock markets could rally strongly, as that happens.

5.     The Greek government is running a balanced budget now, but its overall debt is an overwhelming burden.  Likewise, the US government is working towards balancing its budget, but it also has massive debts.  

6.    The poorest citizens in America are burdened with what I call “shadow taxation”; the cost of living is extremely high for most people, relative to their income.  The US government and the Fed are probably mainly to blame for this situation, but greedy corporate directors are also at fault. 

7.    Rather than paying themselves fairly and paying their workers fairly, many corporate directors have issued themselves huge salaries, while underpaying workers, laying them off, and then urging the government to operate hugely inefficient social assistance programs for the impoverished workers.

8.    US wages have stagnated for decades, while corporate profits have surged.  House price inflation has been used by the government and the Fed to “create wealth”, but it’s not creating any wealth for most people.  It’s destroying the ability of the country’s working class to house themselves.   

9.    In time, the US government will probably default on its debts, but it will be quite a long process, featuring an ongoing drop in the standard of living of most US residents.

10. Please click here now. This weekly chart of the Dow looks frightening.  Relative strength (RSI) has been in steady decline since 2013, while the price of US stocks has rallied.   Note the bearish wedging action of the price channel I’ve highlighted on the chart.

11. Some analysts have suggested that the US stock market could function as a type of “safe haven”, if global bond markets collapse.  I beg to differ, and yesterday’s meltdown in the Dow suggests that I’m correct to do so. 

12. Institutional investors will move funds from bonds to stocks if interest rates rise based on surging economic growth.  That’s not happening, and US corporate productivity is “dead in the water”.

13. The US economic upcycle is almost eight years old.  Growth is not surging, and while I don’t see Greece as a domino like Lehman was, most Western countries have debt problems that could easily become similar to the problems of Greece.

14. America is an aging empire.  The simple fact is that when they are young, empires shine brightly.  When they age, they fade into obscurity. 

15. On that note, please click here now.  While I wouldn’t touch the stock market of the aging and debt-soaked American empire with a ten foot pole, I have no fear of buying all the price sales that occur in the Chinese stock market. 

16. In a nutshell, the Chinese empire is young and vibrant.  Please click here now.  That’s the monthly chart for FXI-NYSE, which I refer to as the “Chinese Dow”. 

17. A pullback to the apex of the massive symmetrical triangle pattern would be no surprise to any professional investor.  With about five hundred million people poised to become part of China’s “investor class”, new pension fund rules, and the growing share of China in international stock indexes, the future is very bright for the Chinese stock market!

18. Please click here now. That’s the seasonal chart for the spot price of gold, courtesy of Dimitri Speck.  Please click here now.  That’s another seasonal chart, using the price for gold futures.

19. Investors who put too much capital to work in a single price area, can find themselves straining to make every tiny price move important.  When analysing seasonal charts, it’s important to remember that they are seasonal averages of the price action. 

20. Generally speaking, gold tends to decline in the first half of the year, and rally in the second half.  Today is last day of June, and so gold can be said, generally speaking, to be ending the weak season, and beginning its strong season.

21. Please click here now.  That’s the daily T-bond chart.  Rallies in T-bonds are often accompanied by rallies in the price of gold.  It appears that a bullish multi-headed inverse head and shoulders bottom pattern is forming on the T-bond chart, and that’s more good news for gold investors!

22. Please click here now.  Nobody loves gold more than the citizens of India.  The country’s mines have all been depleted, and the government has used that fact as an excuse to impose massive duties on imports.  Both China and India are moving quickly to find large amounts of gold in the sea, and this should encourage the government to end the duties.  Supply from conventional mines and Western investors is dwindling, so I don’t think the coming seabed discoveries will affect the gold price adversely.  It’s a win-win situation for all stakeholders, in what I call… the gold bull era!

23. Please click here now. That’s the daily chart for Barrick Gold, which I use as a proxy for the next leg of the bull era.  Barrick rallied from the $11 area, but the rally was halted by seasonal factors.  There’s a bullish wedge pattern in play now, and there is “price symmetry” with the early November lows in the $10.77 area. 

24. As the second half of 2015 gets underway, I expect Barrick to begin to rally towards the key supply zone in the $13 area, and burst above it in early 2016.  Investors should be prepared to accumulate Barrick, or their favourite gold stocks, over the next 48 hours, into the softness that typically precedes the US jobs report.  The golden good times should begin to roll, after the report is released, and keep rolling, for the rest of the year!

 

Special Offer For Website Readers: Please send me an Email to freereports4@gracelandupdates.com and I’ll send you my free “Gold Stock Dollar Darlings” report.  I highlight key gold and silver stocks trading at under $1 that are poised to soar in the second half of 2015!

 

Thanks! 

 Cheers

 st

 

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.

 

www.gracelandupdates.com   

www.gracelandjuniors.com  

www.gutrader.com   

 

Email: stewart@gracelandupdates.com  

Or: stewart@gutrader.com  

 

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 qualified 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?

 


| Digg This Article
 -- Published: Tuesday, 30 June 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com 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 GoldSeek.com. 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 GoldSeek.com, its affiliates or advertisers. GoldSeek.com 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 GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.