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

Hyperinflation in Zimbabwe – It’s back, but maybe not for long
By: JP Koning

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
By: John Rubino

Gold's Interesting Day
By: Rick Ackerman

Asian Metals Market Update: November-20-2017
By: Chintan Karnani, Insignia Consultants

GoldSeek.com Radio: John Williams and Louis Navellier, and your host Chris Waltzek
By: radio.GoldSeek.com

Gold Market Update
By: Clive Maund

Technical Scoop - Weekend Update Nov 19
By: David Chapman

Zero Hedge invites Financial Times to heed GATA's urging on gold suppression
By: Chris Powell

The Great Retirement Con
By: Adam Taggart

Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom
By: Gary Tanashian

 
Search

GoldSeek Web

 
Gold Stocks: Fabulous Rally Accelerates


 -- Published: Tuesday, 17 January 2017 | Print  | Disqus 

Graceland Updates

By Stewart Thomson

 

1.    Rate hikes tend to be good for gold, and even better for gold stocks.  On that note, please click here now. Double-click to enlarge this hourly bars gold chart.

2.    Since Janet Yellen hiked rates in December, gold has rallied almost $90.  That’s good news, but the great news is that the US central bank plans more rate hikes this year.

3.    Gold has a rough historical tendency to decline ahead of rate hikes, and rally strongly after they happen.

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

5.    The 14,7,7 Stochastics oscillator is beginning to show signs of “flat lining” in the overbought position.  That tends to happen during very strong rallies.

6.    Britain’s prime minister Theresa May is about to make a key speech on the Brexit.  That could push gold into my next profit booking target zone at $1245.

7.    Both gold and gold stocks have been chewing through overhead resistance zones with ease this year, and $1245 is the next one.  Gold price enthusiasts should be light sellers if gold goes near that $1245 target zone.

8.    Please click here now.  Double-click to enlarge.  The dollar continues to weaken against the safe-haven yen, with smart money bank traders long the yen, and short the dollar.

9.    Gold’s rally began when the dollar began falling against the yen in December.

10. Please click here now.  Donald Trump is good for gold in a number of ways. 

11. Uncertainty is one of them, but he’s also poised to ramp up infrastructure spending (inflationary). 

12. Also, for the past 50 years, gold sports a good track record of rising during US presidential transition years.  2017 is a transition year.

13. Trump endorses a lower dollar and higher interest rates.  If he’s able to do that, inflationary pressures would increase quite dramatically.

14. Higher rates incentivize banks to make loans, and a lower dollar itself pushes gold higher.  

15. As good as gold looks now, gold stocks look even better.  Please click here now.  Influential analysts at Credit Suisse bank are very positive about gold stocks, regardless of whether gold rises or falls, but they see gold at $1300+ in 2017.

16. Mining companies that have cut costs are well-prepared to handle lower gold prices, and they will have great profits at even slightly higher prices.

17. Please click here now.  Double-click to enlarge this fabulous GDX chart.

18. GDX is breaking out of a drifting rectangle, and beginning to surge towards the $25 target zone.  Gamblers can buy the breakout with a tight stop-loss order, targeting that $25 area.

19. Longer term investors who bought in the $20 - $18.50 area can lighten up a bit in the $25 area too, if GDX makes it there.

20. Please click here now.  Double-click to enlarge. 

21. T-bonds are rallying nicely along with gold, and Ben Bernanke just added some “punch” to the price action, with his latest statement that the decline in the T-bond was likely a bit overdone.

22. Please click here now. Double-click to enlarge this silver chart.

23. Silver is moving higher in a “steady as she goes” manner.  This type of price action is indicative of a rally that may be in the early stages, rather than near an end.

24. For another look at the silver chart, please click here now.  The $17.30 area is quite important.  I think the Trump inauguration should be the catalyst that moves silver above $17.30, and ushers in the kind of “meat and potatoes” rally that most of the world’s silver bugs are waiting for!

 

Thanks! 

Cheers

St

 

Stewart Thomson 

Graceland Updates

 

Note: We are privacy oriented.  We accept cheques, credit card, and if needed, PayPal.

 

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

 

https://www.gracelandupdates.com   

https://gracelandjuniors.com     

www.guswinger.com  

 

Email:

stewart@gracelandupdates.com  

stewart@gracelandjuniors.com  

stewart@guswinger.com  

 

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, 17 January 2017 | 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.