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

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Gets a Boost of Rocket Fuel From Negative Bond Yields
By: Frank Holmes, US Funds

The Gold (and Silver) Volcano Is Ready to Erupt
By: David H. Smith

Precious Metals Update Video: Where do you park money? Stock markets and hard assets
By: Ira Epstein

Recognition and Adjustment
By: Craig Hemke

After This Confirmation Gold Prices Will Rise Fast
By: Hubert Moolman

Will Silver Soon Follow Gold’s Lead?
By: Stefan Gleason

GoldSeek Radio: Dr. Chris Martenson & Bob Hoye
By: Chris Waltzek Ph.D., GoldSeek Radio

Gold’s Century
By: Michael J. Kosares, USA Gold

What Gets Measures Gets Improved
By: Keith Weiner, Monetary Metals

SWOT Analysis: Central Banks Continue to Show Their Love for Gold
By: Frank Holmes, US Funds

 
Search

GoldSeek Web

 
US Stock Market Danger and Golden Goodies


 -- Published: Tuesday, 31 July 2018 | Print  | Disqus 

Graceland Updates

By Stewart Thomson

 

1.    Under Trump, it can be argued that the US economy (which is separate from the Wall Street casino) is experiencing a degree of normalization. 

2.    Top economists give him credit for corporate tax cuts and deregulation.  At the same time, the US central bank is also pursuing a policy of normalization that began with Yellen.

3.    As I predicted, this normalization has seen the stock market begin a topping process while inflationary pressures become more evident.  This topping process will now accelerate, as will the inflationary pressures.

4.    Please click here now. Double-click to enlarge this disturbing weekly Nasdaq100 index chart.

5.    Note the ugly non-confirmation taking place between the RSI oscillator and the price.  For decades I’ve urged investors to hedge themselves or sell as the US stock market “crash season” begins at the start of August.  It lasts until the end of October, and I recommend rebuying then.  Please click here now.  As stock market heavyweight Mike Wilson notes in his interview yesterday, the US stock market selling has just begun!

6.    While US stock markets are set to swoon and perhaps crash, the rise of China/India and the normalization of America is producing a new era for gold. The wild fear trade of the past is being superseded by a theme of general respect for the asset.

7.    Chinese and Indian gold investors do invest in the global fear trade for gold.  That’s a big part of why they buy, but their understanding of gold is highly refined.  Their analysis is wise and subtle.

8.    The growing dominance of Chindians in the market is producing a much calmer investing experience for Western investors who are feeling this wonderful golden vibe!

9.    Please click here now.  Next, please click here now. Out with the old (fear trade of the West), and in with the new (love trade demand of the East)!

10. To Vanguard’s credit, I will note that it is restructuring its fund to gain exposure to the general equity markets, but with a commodity-oriented theme.

11. Official Indian imports would be over 1000 tons for fiscal 2018 if the rupee had not been temporarily derailed.  If free (black) market demand is included, the total imports are probably in the 1200 – 1300 tons area.  

12. Please click here now. It’s a bird!  It’s a plane!  It’s the gold bull era’s superman!  Since being appointed as “interim” finance minister of India, Piyush Goyal is pumping out so many pro-citizen and pro-business tweets and announcements that he makes Donald Trump look like a turtle swimming through a pool of end of empire molasses, and Trump himself can be considered a pro-business racehorse!

13. If Goyal continues to reduce the drag of government on citizens and businesses, my prediction that India will hit 10% GDP growth and 1500 tons of total annual gold demand in the next 18 months will likely become a “done deal”.

14. To view what may be the world’s most important chart, please click here now. Double-click to enlarge.  Gold stocks have surged against gold and held their ground against US fiat while bullion has fallen about $170 an ounce!

15. While earnings, AISC, and cash flow numbers have turned negative for many gold miners, most of them continue to look good against gold and are holding their recent lows against the dollar. 

16. GDX would likely be trading around $10 a share right now if institutions were buying or selling just based on earnings and other financial reports about the component companies.

17. Please click here now. Why is this strange price action happening?  Why is GDX trading above its February low even though gold has moved so much lower?

18. Well, the most reasonable explanation is that savvy institutional power players are looking beyond the short term earning hits.  They are focusing on the rise in inflation in the West. 

19. This interesting gold market action is occurring just as the horrific action of the main US stock market sectors begin to suggest that general equities are already in a rolling bear market and poised to begin something much more sinister. 

20. The US stock market could soon become an inflation-oriented quagmire that would greatly resemble the markets of the 1970s.

21. Please click here now. Double-click to enlarge this gold chart.  Gold is oversold, but the 14,3,3 Stochastics series is flatlining.

22. This tends to happen when investor sentiment becomes weak but physical demand in China and India has yet to strengthen.  It creates an incentive for smart commercial traders on the COMEX to cover short positions but not to buy many longs.

23. Please click here now. Double-click to enlarge another great gold chart.  From both a fundamental and technical perspective, nothing is happening in the gold market that is unexpected. 

24. If the current gold price sale ends in the $1200 - $1180 area it would give the right side of the huge inverse head and shoulders pattern almost perfect symmetry with the left side.  The personnel changes in India’s finance ministry and the rise of inflation in America (as the stock market peaks) are fundamentally in tune with the big picture technical action for gold.  A joyous bull era is poised to begin, with good times for all gold investors!

 

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://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, 31 July 2018 | 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 - 2019



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


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, 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 GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, 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.