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 to Launch New Website

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target Ė Hereís What to ExpectÖ
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA


GoldSeek Web

Gold: China Is Back In The Game

 -- Published: Tuesday, 8 January 2019 | Print  | Disqus 

By: Stewart Thomson


1.    Itís time for the queen of assets to rest and consolidate.  Nothing goes up in a straight line, and thatís certainly true for gold!

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

3.    A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.

4.    Gold begins 2019 with some very positive news in play.  Please click here now. After a two-year hiatus, Chinaís central bank is back in gold market action!

5.    The bank had been consistently buying about 15-20 tons of gold a month.  When those purchases are added to buying from Russia and other central banks, they are quite price-supportive.

6.    Itís great to see China back on the buy, and analysts in India are projecting a ramp-up in gold imports there of about 20% for the first six months of 2019.

7.    The ECB (Europeís central bank) is projecting higher inflation and easing growth for 2019.

8.    The love trade is healthy, the central bank trade is healthy, and global stock markets are on the rocks.

9.    On that note, please click here now. Double-click to enlarge.  Iím a bit worried that the US stock market rally could peter out quickly.

10. Please click here now. Institutional money managers are cutting back their allocations to US equities, and rightly so.

11. The business cycle is entering the eighth and ninth innings, wage inflation is poised to spike in full-time jobs, and earnings have clearly plateaued.

12. Please click here now.  Chinaís central bank and government have vastly more ďwiggle roomĒ than Americaís do to stimulate the economy.

13. Chinaís stimulus is inflationary, and thatís good news for gold.

14. The US government is shut down.  Thatís not a position of strength, to put it mildly.  These shutdowns have happened so many times that citizens are now numb and donít seem to care. 

15. Itís not a good thing; the government just canít seem to break its addiction to borrowing more and more money. 

16. The US government has been very vocal in its opposition to the modest interest rate rates from the Fed.   I donít see any economic stress from these hikes, and senior citizens have been paid nothing in their savings accounts for years.

17. Rate hikes are an indicator that inflation is in the air.  They havenít hurt gold, they help senior citizens, and they put pressure on banks to make business loans rather than finance stock market buybacks to enrich corporate directors.

18. Rate hikes do put pressure on the ability of the US government to borrow ever-more money, and that pressure is good.

19. Please click here now.  Double-click to enlarge this daily silver chart.

20. The uptrend is solid.  A pullback is normal, expected, and healthy.  Note the Fibonacci lines in play around the demand line of the uptrend channel.

21. Silver feels almost as solid as gold does right now, and thatís likely due to the growing threat of stagflation throughout much of the world.

22. Please click here now. Double-click to enlarge this nice GDX daily chart. 

23. Like most sectors of the precious metals asset class, GDX is taking a breather after it successfully penetrated key resistance in the $20.70 area.

24. From a technical perspective, the range trade in the $20-$21.50 area has a 67% chance of being resolved with a rally to $23.  The current consolidation could be the last opportunity for excited investors to buy in this price zone before GDX moves above $23 and stays there for quite a long period of time!






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.  



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, 8 January 2019 | 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.