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

COT Gold, Silver and US Dollar Index Report - December 6, 2019
By: GoldSeek.com

Gold Correction Not Over
By: Adam Hamilton, CPA, Zeal Research

You Should be Buying Gold Stocks Now
By: Jordan Roy-Byrne CMT, MFTA

Gold Update - video
By: Gary Savage

Gold & Silver Stocks Belie COT Caution
By: Gary Tanashian

We Need “Confirmation” Of A Metals Market Bottom
By: Avi Gilburt

Asian Metals Market Update: Dec-6-2019
By: Chintan Karnani, Insignia Consultants

Precious Metals Ratio Charts
By: Rambus

Precious Metals Update Video: The Silver market down hard
By: Ira Epstein

Asian Metals Market Update: Dec-5-2019
By: Chintan Karnani, Insignia Consultants

 
Search

GoldSeek Web

 
Gold: Investor Tactics In A Stagflationary Era


 -- Published: Wednesday, 11 September 2019 | Print  | Disqus 

Stewart Thomson, Graceland Updates

 

1.    Is the gold price reaction over?

2.    Well, since the rally began in the $1170 area, corrections have not lasted very long. 

3.    After rallying to the $1566 area, gold has pulled back to about $1500.  Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2019/09/2019sep10gold1.png Double-click to enlarge.  Strong trend line support is already in play. 

4.    Investors need to keep an open mind; it’s possible that the $1500 area is now support rather than resistance, and gold is set to rally towards the $1600-$1700 area.

5.    Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2019/09/2019sep10gold2.png Double-click to enlarge.  Note the lows in the $1526 area in the 2011-2012 timeframe. 

6.    Those lows may now be functioning as support as gold reacts from the $1566 area highs.  Also, $1500 is a key round number that may now be functioning as support rather than resistance for institutional money managers.

7.    Indian festival buying may be picking up as well.  Indians have been waiting for a decent pullback for months, and now it is here.

8.    Please click here now:  https://gracelandupdates.com/wordpress/wp-content/uploads/2019/09/2019sep10trustydusty.png Double-click to enlarge this GDX swing trade chart.

9.    I recommend that most gold investors should consider allocating some capital to a swing trade program.

10. My www.guswinger.com system has been in DUST-NYSE as GDX been “spanked”, and it’s now time to book solid profit on at least a portion of the position.

11. Note the key low on the GDX chart at $27.61.  If it’s violated, GDX could decline to the $26.04 area.  Having said that, proper tactics can reduce investor risk dramatically.

12. My suggestion to core position enthusiasts is to buy some gold stock now, and more if there is a deeper reaction.  A stop order can be placed just under the $27.61 low.

13. Investors who don’t like stops can also buy the $27.61 area…with very small size.

14. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2019/09/2019sep10gdx1.png Double-click to enlarge.  If the inverse H&S bottom on this weekly GDX chart is legitimate, the current reaction is likely to be very shallow and may already be ending.

15. The target of the pattern is about $50.  The biggest risk investors face now is not drawdowns, but rather missing out on a major run higher in most of the world’s quality miners!

16. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2019/09/2019sep10trade1.png The global economy continues to weaken, and politicians do nothing but spend, borrow, and beg for more QE and negative rates. 

17. That’s pouring gas on the fire.  Negative rates and QE incentivize governments to go even deeper into debt.

18. Please click here now: “In the next credit cycle downturn, then, the generally lower credit quality of today’s speculative-grade population means that the default count could exceed the Great Recession peak of 14% of all rated issuers….” - Christina Padgett, Moody’s VP, Sep 9, 2019.

19. This is spectacular news for gold!

20. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2019/09/2019sep10gdxj1.png Double-click to enlarge this GDXJ chart.

21. As expected, GDXJ looks a bit more vulnerable than GDX in the short-term.  Having said that, it’s important for investors to be as open to a surge above $43 as to a pullback to $33-$35.

22. An upside breakout would open the door to a massive run higher, and whether investors pay a “ticket price” of $33 or $43 for their GDXJ ride really doesn’t matter.

23. The rise of China and India is not going away.  The decline of the West is not going away.  These forces are destabilizing the dollar and ushering in a bull era for gold, silver, and associated miners. 

24. It’s no longer as important to avoid price reactions as it is to stay invested and buy breakouts.  As stagflation grows, this gold market will become very similar to the 1970s market… on a much bigger scale!

 

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: Wednesday, 11 September 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.