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

Gold Standard Coming Into View
By: Jim Willie, CB

Doug Casey Debunks Four Myths About Trump, Taxes, and the Economy
By: Doug Casey, International Man

Steve Forbes Speaks Out on Gold, Inflation, and Central Bankers
By: Mike Gleason

Precious Metals Update Video: Gold had a wild trading session, FOMC coming up & G20
By: Ira Epstein

At Last, a REAL Rally in Gold! (video update)
By: Rick Ackerman, Rick's Picks

Ray Dalio Is Kinda, Sorta, Really Wrong, Part 2
By: John Mauldin, Thoughts from the Frontline

COT Gold, Silver and US Dollar Index Report - June 14, 2019

Gold-Stock Upleg Mounting
By: Adam Hamilton, CPA, Zeal Research

Gold Nearing Breakout into Unprecedented Bullmarket and the Latest Cots Won't Stop It...
By: Clive Maund

GoldSeek Radio Nugget Interview: Peter Schiff
By: Chris Waltzek, GoldSeek Radio


GoldSeek Web

Gold: The Ultimate Iron Lady

 -- Published: Tuesday, 6 February 2018 | Print  | Disqus 

Graceland Updates

By Stewart Thomson


1.    The appointment of Jerome Powell as new Fed chair is likely the catalyst that ushers in a multi-decade era of rising inflation and soaring gold stocks.

2.    I’ve announced a long term target for GDX of $15,000. That really  isn’t very high… given the strong inflation numbers that I am projecting for America in the years ahead.

3.    Having said that, Powell has only been on the job for one day.  Investors need to show patience.  Wait to see what he actually does before taking “back up the truck” market actions.

4.    Powell’s first significant actions are likely to be announced at the March 21 Fed meeting.  I expect a firm commitment to more rate hikes and more quantitative tightening.

5.    That’s inflationary because it boosts bank profit margins and they become more willing to take lending risk.  That produces a rise in the velocity of money. 

6.    As the cost of borrowing rises, companies will raise prices and workers will demand higher wages.  If Powell also makes a firm commitment to deregulating America’s thousands of small banks on or before March 21, inflation would accelerate even more rapidly.

7.    Please click here now. It’s my contention that wage inflation of 20%+ is not just theoretically possibly, but morally justified.  Here’s why:

8.    For many years, global governments have colluded with central banks to run socialist/fascist QE programs.  These programs moved money from workers and savers to government bonds and stock markets.  Additional money was simply printed and taken.

9.    QT, higher rates, and small bank deregulation are beginning to re-empower Main Street.  This is happening while “Government Street” (the bond market and the dollar) and Wall Street risk disintegrating. 

10. Please click here now. Double-click to enlarge this exciting bond market chart.  A head and shoulders top pattern is in play.  The neckline has been crushed.

11. Please click here now. Around the world, governments are announcing import duties.  That’s inflationary.  If India’s government had cut the gold import duty, it would have increased demand, but the duty itself is also inflationary.

12. Please click here now. Institutional money managers are starting to focus on the inflationary implications of Trump’s tax cuts that I highlighted when he first proposed them.  In the context of QT, rate hikes, and deregulation, these cuts can increase inflation quite significantly.

13. Please click here now. Double-click to enlarge.  The bond market is building what I have dubbed a “super top” pattern.  The target of the super top is about 80. 

14. The Fed has projected that rates will take many years to reach “normal” levels.  This chart suggests the normalization process will take about seven more years.

15. This “normalization” sounds great in theory.  In the real world, it involves a decline to 80 for the T-bond price.  That would drive borrowing costs for the US government to incredibly painful levels. 

16. In addition, rates could rise much more quickly than this chart suggests if Trump ordered T-bond creditors to take a haircut on what they are owed.  That’s one of his campaign promises.

17. As inflation surges, Trump may be forced to devalue the dollar and revalue gold to prevent the US government from imploding or becoming a full dictatorship.  Inflate, default, or die.  In the near -immediate future, these are the only choices President Trump will have to manage the US government’s horrific size, power, and debt.

18. On that note, click here now.  Double-click to enlarge.  The dollar could go into free fall if it breaks cleanly under 108 against the yen, and the bear flag chart action suggests that is going to happen very soon.

19. A breakdown would almost certainly correlate with a gold price surge to about $1370.  Please click here now.  Double-click to enlarge this daily gold chart.

20. There is a small head and shoulders top pattern in play that could push gold modestly lower to the $1310 - $1290 area.  The good news is that a bull flag-like pattern is also forming that could negate the top pattern.

21. Given the fast-growing inflationary fundamentals, gold investors should now be walking the price gridlines with maximum confidence.  Fresh buying for eager gamblers and investors should be done at key levels that I’ve noted on the chart.

22. Gold has been rising as the T-bond has fallen hard, and rising as the T-bond has rallied.  That’s because gold price discovery for the fear trade is not about rates per se, but about risk.  As stock and bond market investors get rocked hard, gold looks like the ultimate asset iron lady!

23. Please click here now. A major gold stocks versus gold bull era will occur as the T-bond super top ushers in extraordinarily high inflation for the long term. 

24. Gold stock enthusiasts need to watch Powell’s actions, because they are the catalysts that will push GDX above $26 and officially begin that fabulous era.  Gamblers can buy call options on a two-day close over $26.  I’ve urged long term investors to be aggressive buyers in my $23 - $18 tactical accumulation zone.  The bottom line is that it’s the cusp of a new era for gold stock investors, and Powell officially launches it on March 21!






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, 6 February 2018 | 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.