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

 
Gold: Tax Loss Season Or A Bull Era?


 -- Published: Tuesday, 27 November 2018 | Print  | Disqus 

Graceland Updates

By Stewart Thomson

 

1.    The next Fed meet (and rate hike) is December 19, and just weeks after that, US president Donald “The Golden Trumpster” Trump may be set to unleash a new round of inflationary and growth-crushing tariffs.

2.    It’s not easy (to put it mildly) for American business to create new factories to replace the products made by highly productive Chinese factories. 

3.    So, for 2019, most top US bank economists and money managers are slashing their US GDP growth forecasts and raising their inflation forecasts.

4.    Morgan Stanley’s global stock market weightings are legendary in the institutional world, and they just moved America to a horrifying “underweight” ranking for their global stock market positioning. 

5.    Most big-name economists in America see US GDP growth sliding to sub 2% by mid 2019 while inflation stages an “upside surprise”.

6.    Please click here now. Goldman’s top economists clearly have the same view I do.

7.    What’s particularly interesting about this forecast is that their top economist is also forecasting four rate hikes from the Fed in 2019.

8.    Four hikes would put enormous pressure on the US government’s ability to finance its outrageous debt.  It can be argued that these hikes are the Fed’s response to the insane growth of that debt.

9.    Whether there are two rate hikes as Morgan Stanley predicts, three as I predict, or four as Goldman predicts, the growth of US government debt is clearly going to put vastly more pressure on the US government bond market (and the corporate bond market) in 2019 than it already has in 2018.

10. In the matter of “tax loss” season, I realise that many gold market investors are nervous that gold stocks will decline into December like they have in recent years.

11. Please click here now.  Double-click to enlarge.  I don’t see anything to be concerned about on this daily gold chart.

12. Please click here now.  Double-click to enlarge. I don’t see anything on this GDX chart to be concerned about either. 

13. GDX and most senior gold stocks are tracking the gold price quite nicely.  Gold supply is limited, and top analysts at Goldman and other firms are predicting “Commodities will soar.

14. Also, 2019 is an election year in India.  Morgan Stanley just raised India to “overweight” in its global stock market weightings, as it moved America to that somewhat pathetic underweight ranking.  While GDP growth nosedives to potentially under 2% in America, it should be at least 7% in India for 2019, and I’m predicting it could hit 8%.  GDP growth and upside action in the Indian stock market is good news for gold.  The bottom line:

15. Gold demand in India is rock solid, as it is in China.  As commodities begin to rise, Goldman will lead institutional investors into more commodities investing.  Gold, GDX, GDXJ, SIL, and related stocks should have a great year.

16. Please click here now. Double-click to enlarge this CDNX venture index chart.

17. Whether it’s MACD, moving averages, RSI, or a host of other technical indicators, gold and GDX look solid.  Unfortunately, that’s not the case with CDNX.

18. Please click here now. That’s a look at the key buy (green) and sell (gold) signals for the high risk venture sector that I cover in my www.gracelandjuniors.com newsletter.

19. The CDNX and related stocks are susceptible to tax loss selling.  Penny stocks are high risk (but also high potential reward) and I don’t expect to get a major buy signal for the CDNX index until gold trades at $1420 on a weekly closing basis.

20. Please click here now. Double-click to enlarge what just may be the world’s most spectacular price chart!

21. Barrick is chaired by former Goldman president John Thornton.  Thornton has aggressively bought stock in the open market and has categorically stated that he is not selling a single one of his shares for short term gain.

22. Clearly, Thornton is not playing for peanuts.  With the majestic bull wedge and inverse head and shoulders bottom in play, it’s obvious that this man is poised to see himself and all Barrick shareholders gain enormous wealth in what I call the “bull era”.

23. Thornton was the driving force of the Barrick-Rangold merger.  That merger was approved by a stunning 95% of shareholders of both companies.  The Chinese government has awarded him the government’s highest award for a non-Chinese person.  Of foreigners who have contributed significantly to Chinese growth, the Chinese government views John Thornton as one of the fifteen most important people in the world.

24. Barrick shareholders are not just in good hands.  They are in spectacular hands!  A breakout from the bull wedge with a Friday close over $14 is a rocket launch signal for the entire gold mining sector.  Rather than wasting time worrying about a tax loss season that is going the way of the dodo bird, I suggest that gold stock investors should be positioning themselves, as Goldman clearly is, for the rocket ride of a lifetime, in a fabulous gold bull era!

Thanks!

Cheers

St

Stewart Thomson 

Graceland Updates

 

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, 27 November 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.