LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

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

COT Gold, Silver and US Dollar Index Report - August 23, 2019

Gold Mid-Tiers’ Q2’19 Fundamentals
By: Adam Hamilton, Zeal Research

Trump Floats Payroll & Capital Gains Tax Cues to Forestall Recession
By: Mike Gleason

How’s That Recession Coming, Dave?
By: David Haggith

Precious Metals Update Video: Jackson Hole Powell's Speech in focus today, Gold bias is up
By: Ira Epstein

Seven Key Words That Explain "Stupidly High" Prices
By: Daniel R. Amerman

Gold, Silver, Mining Stocks: Get Ready For A Huge Ride Higher
By: Dave Kranzler

On The Job Training
By: Ted Butler

Precious Metals Update Video: FOMC minutes: What's going on?
By: Ira Epstein

Economist Lays Out the Next Step to Wonderland for the Fed
By: Gary Tanashian


GoldSeek Web

A Bull Era Tag Team

 -- Published: Tuesday, 11 July 2017 | Print  | Disqus 

Graceland Updates

By Stewart Thomson


1.    Most precious metal assets staged a solid “comeback rally” against government fiat yesterday.

2.    Please click here now. Double-click to enlarge this key GDX chart.  There’s decent intermediate trend technical support in the $21 area.

3.    Hardcore accumulators can place buy orders for GDX in the $23 to $18 price zone.  

4.    To understand why this is a good idea, please click here now. The deep-pocketed commercial traders are serious gold buyers now.

5.    They are likely anticipating the resumption of gold imports in India.  Imports were halted at almost the exact intermediate trend high of $1300, partly because of uncertainly about the GST tax. 

6.    Commercial traders sold aggressively as gold approached $1300.  Hedge funds bought, and gold gently swooned down towards support at $1200 where it sits now.

7.    The commercial traders are now very aggressive buyers.  The leveraged hedge funds are booking losses on long positions and adding short positions…into what is essentially a $100 gold price sale!

8.    US coin sales are currently just a gold price discovery sideshow; there’s simply not enough physical market tonnage involved with these coin sales to cause the commercial traders to take serious buy or sell action on the COMEX. 

9.    Their focus was, is, and will be mainly on the changing flows of gold in the physical markets of China and India. 

10. The commercial trader focus now suggests they are anticipating massive tonnage imports to begin again in India.  Clearly, their aggressive COMEX buying is very good news for all gold bugs.

11. While US financial news isn’t that important for bullion price discovery, it’s very important for the gold and silver stocks. 

12. Please click here now. Several years ago, I made the bold prediction that QE to infinity and rate cuts would become a taper to zero and rate hikes.

13. That occurred, and I have predicted that these hikes and what I call “QT to infinity” (quantitative tightening for many years) will create serious wage inflation and ultimately a major bull cycle in money velocity. 

14. Gold stocks can “blow bullion to the curb” in this type of environment, and do so for years or even decades.

15. Top RBC bank analysts now have a similar view to mine about the prospects for the direction of US wage inflation.  Up.  Wage inflation is a major catalyst for institutional focus on gold stocks.

16. Rate hikes and QT can create wage inflation by moving huge amounts of liquidity away from government and central banks, and into the fractional reserve banking system. 

17. This in turn is the catalyst for a reversal in US money velocity.

18. In regards to yesterday’s gold bullion price action specifically, please click here now. Yesterday’s launch of the new dual currency HKEX gold contract was successful.

19. It represents another slow but steady step forward by China to get more control of gold price discovery.

20. Please click here now.  Chuck Li is chairman of the HKEX, Asia’s third biggest exchange.  Chuck’s statement that Chinese demand is exponentially geared to economic growth is also the foundation of my prediction that a “bull era” is coming.

21. The exponential demand growth that lies ahead for China will itself ultimately be dwarfed by even bigger demand growth in India.  These two gold-obsessed nations will function as a “bull era tag team”. 

22. The bull era fun for gold stock investors will be magnified due to the rise of inflation in the West.

23. Please click here now. Double-click to enlarge this key BPGDM chart.  I view the oversold and overbought areas for gold stocks a bit differently than most analysts do.  That’s because gold stocks are so volatile. 

24. The 60-100 area is a decent profit booking zone. The 20 – 0 zone is a good buying area and the BPGDM just arrived at the outskirts of that buying area now.






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.  




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, 11 July 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 - 2019 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, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.