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

GoldSeek.com to Launch New Website
By: GoldSeek.com

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 – Here’s What to Expect…
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

 
Search

GoldSeek Web

 
Gold Stocks: Up, Up, & Away!


 -- Published: Tuesday, 27 August 2019 | Print  | Disqus 

Stewart Thomson 

 

1.    A year ago, I predicted that any US stock market sell-off would be accompanied by a dramatic surge in the price of GDX an GDXJ.

2.    That’s exactly what happened; the stock market tanked and key gold stocks soared.

3.    This year, I’m predicting that any major US stock market crash will again be accompanied by the soaring price of the gold producers…

4.    But I’m also predicting that most CDNX-listed junior explorers are set to soar too!

5.    Please click here now. America’s top money printing cheerleader (President Trump) brags that his government essentially has the Chinese government cowering in a corner.  He claims they are ready to throw in the white towel in the trade war.  Reality check:

6.    It’s obvious that major money managers are becoming very concerned about these tariff taxes.

7.    Please click here now. Double-click to enlarge this horrifying US stock market chart.

8.    On the one hand, private enterprise must be respected.  Great companies exist and prosper in the socialist nations of Europe and in China.  They will continue to prosper.

9.    The drive of entrepreneurs must never be underestimated, even in the harshest conditions.

10. On the other hand, when governments unveil growth-negative policies like tariff taxes and money printing, stock markets can experience dramatic declines. These declines are usually temporary, but they are very painful.

11. Please click here now. Double-click to enlarge this important gold stocks versus gold chart.

12. I call it the “Just buy” chart, because there really isn’t much else to do here except buy, buy, and buy!

13. That’s especially true for core position enthusiasts.  Gold stocks are incredibly cheap compared to gold bullion. 

14. Also, I believe investors can make the most money in the market buying when their analysis has gone awry.  On that note, please click here now. Double-click to enlarge my “Golden Beeline” chart.

15. Many gold analysts have tried to “top call” gold since the rally from about $1167 began.  This has been a mistake and I believe it will continue to be a mistake in the months ahead.

16. A gargantuan bull continuation pattern is forming on the weekly gold chart.  It’s an inverse H&S pattern with a potential neckline in the $2000 area.

17. This is not a time to sell gold or top call it.  It’s a time to buy, sit back, and watch those positions fly!  Here’s why:

18. Institutional money managers are adding gold to their portfolios.  These are not highly leveraged hedge funds gambling on the COMEX. 

19. They are unleveraged institutions.  They are serious players who understand the destructive nature of the Trump tariff taxes.  These taxes are being implemented as the business cycle peaks and with relentless ramp-up of US government spending and debt.

20. This horrifying scenario has superstar managers like Ray Dalio predicting serious inflation and potential rioting in the streets. 

21. Please click here now: Top money managers are concerned that stagflation is emerging as the Fed is forced to print money and cut rates to offset the taxes.  They are not buying gold, silver, and the miners for a “quick flip”.  This is long-term allocation.

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

23. Profit-lock enthusiasts can buy a breakout over $30 and place a stoploss at $27.50.  A move above $30 opens the door for a violent surge to $37-$39.

24. From there, core positions can be added on a pullback to about $30.  Nervous investors can buy put options to manage their emotions, but everyone else should be in “Buy & Fly!” mode alongside the institutional money managers.  Today’s Superman is a man of gold and looking at GDX today, I believe he would say… Up, up, and away!

 

 

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   

 


| Digg This Article
 -- Published: Tuesday, 27 August 2019 | 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.