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 Gain Nearly 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 16 2018
By: Ira Epstein

Silver Slumps, US Military Weak, and PTJ Says We Are headed For Scary Moments
By: David Morgan

Slowly We Turn... Gold vs.
By: Gary Tanashian

COT Gold, Silver and US Dollar Index Report - November 16, 2018

GE, Nvidia, Nordstrom, Bitcoin All Tank, And The Fed Notices
By: John Rubino

Years of Recklessly Low Interest Rates Causes Inflation to Soar
By: Nathan McDonald

Gold Miners’ Q3’18 Fundamentals
By: Adam Hamilton, CPA

GoldSeek Radio Nugget: Bill Murphy and Chris Waltzek

Is Gold Under or Overpriced?
By: Arkadiusz Sieron


GoldSeek Web

All Golden Eyes On The Fed

 -- Published: Tuesday, 13 June 2017 | Print  | Disqus 

By: Stewart Thomson

1.   The next US central bank interest rate announcement is scheduled for tomorrow afternoon.  Gold and related assets are now in “pause mode” against most fiat currencies.

2.   Gold has a rough general tendency to decline ahead of a rate hike, and then rally strongly after a hike is announced.

3.   That has happened in textbook fashion with the first three rate hikes in the current hiking cycle. 

4.   There’s no guarantee that it happens again this time, but if it does gold should take out the weekly chart downtrend line that has the attention of institutional technical analysts.

5.   Please click here now. Double-click to enlarge this fabulous monthly gold chart.

6.   Note the buy signal flashing on the Stochastics oscillator at the top of the chart.  It’s happening in the 50 area, which indicates strong momentum. 

7.   Also, the TRIX indicator at the bottom of the chart is about to cross over the zero line.  This is extremely positive technical action.

8.   Technical breakouts that are produced by fundamentally important events are significant. 

9.   The bottom line is that a breakout on the monthly gold chart that occurs in the days following tomorrow’s Fed announcement could be a gamechanger for gold market investors.

10.        Please click here now. Double-click to enlarge this weekly chart of the US dollar versus the Canadian dollar. 

11.        The dollar already looks like a train wreck against both the Japanese Yen and the Indian rupee.  Now it’s poised to go off the rails against the Canadian dollar.  I’ve set an initial target zone in the $1.25 area.

12.        Please click here now. Double-click to enlarge this oil chart.

13.        Oil is by far the largest component of the major commodity indexes.  A rally in the Canadian dollar tends to coincide with a rally in those indexes. 

14.        That’s inflationary, and more good news for gold.

15.        Please click here now.  Good news for gold is happening around the world, and when it’s coming from India, commercial traders tend to buy long positions in size on the COMEX.

16.        After years of gold-negative policy announcements, India’s government has begun to make announcements that are cheered by the gargantuan gold jewellery industry. 

17.        Millions of industry workers have been sidelined by the barbaric legislation of the government in recent years.  I’m predicting that most of them will be back at work within twelve months.  

18.        India’s gold jewellery market will be in expansion mode very quickly, which means the COMEX gold price will be in upside expansion mode even more quickly!

19.        Please click here now.  Double-click to enlarge this gold chart. Active traders can take action on the buy-side right now to capitalize on a potential rate hike rally following tomorrow’s Fed announcement.  Long term investors can place buy orders in the $1220 price zone. 

20.        My personal focus for fresh precious metals sector buying is GDX, the gold stocks ETF. 

21.        Please click here now.  Double-click to enlarge this GDX versus gold chart. 

22.        There’s not much point in buying a high-risk asset class like gold stocks if they are not poised to outperform the underlying low-risk asset class of gold bullion.  The good news is that gold stocks are technically poised to do so right now. 

23.        Most of the gold stock pipeline news flow is now positive.  More rate hikes are needed to reverse the multi-decade bear cycle in US money velocity, and Fed-focused economists have assigned roughly a 95% chance of a rate hike tomorrow

24.        GDX has been drifting sideways to lower against gold bullion since February.  I’m a very aggressive buyer on any price weakness between now and tomorrow’s Fed announcement.  There’s no guarantee that the Fed’s fourth rate hike will be followed by a fourth glorious gold sector rally against global fiat, but I will suggest that all investors should be poised to profit, if it happens! 





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.   



| Digg This Article
 -- Published: Tuesday, 13 June 2017 | E-Mail  | Print  | 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 - 2018 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.