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

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

Next-Generation Crazy: The Fed Plans For The Coming Recession
By: John Rubino

COT Gold, Silver and US Dollar Index Report - November 17, 2017
By: GoldSeek.com

Gold Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Bonfire of the Absurdities
By: John Mauldin

The Social Security Inflation Lag Calendar - Partial Indexing Part 1
By: Daniel R. Amerman, CFA

Rob From The Middle Class Economics
By: Gary Christenson

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

The Metals Market Is A Mess And Will Likely Continue To Frustrate You
By: Avi Gilburt

 
Search

GoldSeek Web

 
Brexit To Fuel Gold Stock Performance


 -- Published: Tuesday, 14 June 2016 | Print  | Disqus 

Graceland Updates

By Stewart Thomson

 

Gold buy-side HSR: $1033, $887.  Sell-side: $1320. 

HUI buy-side: 155.  Sell-side HSR: 250, 360.

Silver: buy-side: $15.20.  Sell-side: $18.17, $22

US Dow buy-side: 14,200.  Sell: None.

Bombay BSE buy-side HSR: 21,200.  Sell-side: None.

Chinese “Dow” FXI-NYSE buy-side: $44, $39, $33.19, $28.03, $23.30, $17.94, $15.48.  Sell-side: $45, $50, $60.

SPDR FUND (GLD-NYSE) Tonnage: 893

Next CRIMEX (COMEX) Gold Option Expiry Scam: July 26

Next FOMC Scam: June 15

Next BOJ Scam: June 16

Next US Jobs Report Scam: 830am, July 8

Estimated Next SAFE gold reserves report: July 10

PGEN: Pyramid Generator (Systematic Capital Allocation)

 

GU PGEN MARINES DAILY UPDATE

 

Double-Click On Charts To Enlarge

 

June 14, 2016

 

1.    All institutional eyes are on the Brexit vote.  In the short term, it’s the main driver of gold price discovery. 

2.    Please click here now.  In the big picture, a “Stay” vote is mildly positive for the gold price, because England will want special privileges with its EU membership.  That means other EU member countries will soon demand special privileges, too.

3.    A “Leave” vote is even more positive for the gold price, and if it’s followed by a rate hike from Janet Yellen in July, global stock markets could begin a horrific down cycle.

4.    Please click here now. Gold is very sensitive to the price action of the US dollar against the Japanese Yen. 

5.    Japan is the world’s largest creditor nation, and America is the world’s largest debtor nation.  The Brexit turmoil is causing Japanese citizens and institutions to repatriate money from abroad.  That puts heavy downwards pressure on the US dollar.

6.    Please click here now.  Double-click to enlarge.  This hourly bars chart of the dollar versus the yen looks like a train wreck chart. 

7.    When the world’s largest creditor class goes into “risk-off” mode, powerful institutional money managers buy gold aggressively.

8.    Please click here now.  I’ve suggested that the SPDR fund (GLD-NYSE) could hit 900 tons in June, and as of this morning, it’s already at 896!

9.    During the “QE heydays” of 2009 – 2011, highly levered hedge funds were aggressive SPDR fund buyers.  Sadly, that leverage  meant they couldn’t hold their positions when the price dipped.

10. Now, a lot of unleveraged private banks and value-oriented institutions are the buyers.  They won’t be shaken from their positions, and they are buying gold consistently.

11. In contrast to gold, the US stock market has substantial headwinds facing it.  Value players don’t want anything to do with that market. 

12. With QE finished, and a July rate hike looking imminent, the US stock market is looking very vulnerable. 

13. Please click here now.  Double-click to enlarge this hourly bars chart of the Dow.  It looks very toppy.  For another look at that chart, please click here now. Double-click to enlarge. 

14. There’s a big head and shoulders top forming.

15. The May unemployment report was truly abysmal, and the US business up cycle is about eight years old.  It’s either ended, or close to ending. 

16. Statements from Janet Yellen that the economy looks good are simply not enough to allay concerns from American money managers and creditors in Japan, about the inherent dangers in the US stock market.

17. A rate hike that follows Brexit turmoil could put the Dow into crash mode, and send gold straight towards $1400.  

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

19. In the short term, my 14,7,7 series Stochastics oscillator suggests gold is now a bit overbought, but any weakness should be seen as a buying opportunity.

20. Gold has an solid floor of bullish fundamentals underneath it now.  That means the downside is very limited, but it’s difficult for Western money managers to overwhelm supply when India is in quiet mode, as it is now. 

21. So, it’s important that gold market investors exhibit patience.  Gold has really been trading sideways from mid-February, in a loose rectangular price pattern.  Chinese New Year buying ended in February, and India is still one to two months away from serious Diwali-related dealer buying.

22. The bottom line is that as Asian physical demand strengthens, Western money manager buying will push total global demand above total supply, and the next major leg higher for gold will be underway!

23. Please click here now.  Double-click to enlarge.  That’s the GDX hourly bars chart.  Some analysts think that gold stocks have come “too far, too fast”, and perhaps bullion will outperform the gold stocks now. 

24. I beg to differ.  If gold can make it to the $1400 area, the profits made by gold companies can increase dramatically, and that would unleash a fresh round of powerful institutional buying.  Gold stocks should not only continue to lead bullion in the second half of 2016, but they appear poised to increase that outperformance!

 

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, 14 June 2016 | 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.