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 Closing Report: Gold and Silver End Mixed
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 5 22 2018
By: Ira Epstein

Looking Forward to Gold's Next Rally
By: Craig Hemke

New book, 'American Default,' examines dollar devaluation, gold confiscation of 1933
By: Chris Powell

Whatís Next for Gold
By: Jordan Roy-Byrne CMT, MFTA

Gold: A $100 Price Sale
By: Stewart Thomson

Gold Market Charts Ė May 2018
By: BullionStar

Blockchain Will Completely Revolutionize How We Mine Gold and Precious Metals
By: Frank Holmes

Is Oil About To Become Front-Page News? ďA Glut That Held Prices Down For Years Is Essentially GoneĒ
By: John Rubino

Jack Chan's Weekly Precious Metals Update
By: Jack Chan

 
Search

GoldSeek Web

 
Gold Versus The Yen


 -- Published: Tuesday, 15 August 2017 | Print  | Disqus 

Graceland Updates

By Stewart Thomson

 

1.    For gold to perform well against the US dollar, it needs to perform well against the Japanese yen.

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

3.    Since 2011 gold has traded sideways against the yen.  Since 2013 it has been coiling in a very positive symmetrical triangle pattern.

4.    An upside breakout would usher in a major move higher for gold against both the yen and the dollar.

5.    Since 2013, the Indian market has been dealing with major duty, import rule, and hallmarking issues.  The process has weighed on demand since 2012.

6.    Indiaís gold market has undergone an enormous restructuring in response to these issues.  The good news is that the restructuring is essentially complete now.

7.    That paves the way for higher imports on a much more consistent basis.

8.    China has made significant progress in tying gold price discovery more to physical demand versus supply.

9.    Trump has also had major success in pushing the dollar lower against most of the worldís currencies.

10. These are not just one-time events.  Events like tension in Korea can move gold $20 - $50 in a short period of time.  A $100 - $200 move is possible if the tension intensifies (which it hasnít).

11. Unfortunately, these gains are no more sustainable than the gains from the 1980 Russian invasion of Afghanistan were sustainable.

12. When the tension subsides, all the gains from these one-time events tends to be lost. 

13. To move $1000 higher or more, gold needs to see a quasi-permanent ramp-up in the physical market demand against static or limited supply growth, and thatís happening right here, right now.

14. Trumpís actions on the dollar are a long-term process.  He is now beginning a trade war with China.  From a gold price discovery perspective, this is vastly more important than tension involving Korea.

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

16. Gold looks fabulous.  After rallying about $90, gold is consolidating its gains.  A new minor support zone at $1260 - $1280 is in play.  Both traders and accumulators can be buyers in this support zone, in anticipation of a sustained rise above $1300.

17. Please click here now. Double-click to enlarge this daily chart of the Dow.  If the US stock market suffers a major crash in September or October, there tend to be ďcracks in the dikeĒ in August.

18. Thatís whatís happening now.  The uptrend is still intact, but getting tested.  The next technical event to watch for is an RSI non-confirmation.  This happens when the Dow makes a new high, but the RSI oscillator (shown at the top of the chart) does not.

19. Investors can lighten up in August and essentially take a two month stock market holiday.  Thatís what I do.  It reduces emotional stress. 

20. My focus is more on the Asian stock markets than America, and Iíve sold about 30% of my positions into this price strength.  If there is a crash, investors can buy aggressively, with a focus on banks and Asian markets.

21. Asian consumers carry debt that is similar to US citizen debt, but they have a lot of savings and strong saving rates as a percentage of income.  US citizens have almost no savings and abysmal saving rates. 

22. Asian markets will rebound from any crash with the resiliency shown by US markets during the late 1800s.  In contrast, US markets are in danger of descending into a stagflationary gulag if they crash.  Iím a buyer of US markets if they crash, but not with much risk capital compared to my Asian market allocation.

23. Please click here now.  A number of influential money managers are following GDX right now, including Jeff Gundlach.  The triangle formation they are following is important, but what is more exciting is the bullish volume action.

24. Volume is rising on rallies within the triangle, and ebbing on declines.  Thatís very positive.  Bullion and mining stock investors should be very comfortable right now.  Technical breakouts appear imminent and fundamentals are strong!

 

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, 15 August 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.