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1.It�s been a wild ride in 2016 for most gold community
investors.Rather than wane, the violent price action may be about to
accelerate.
2.Please click here now. Top Goldman analysts
are open to a stunning move in the oil price over the next 24 hours, as a key
OPEC meeting takes place!
3.Tactics?Oil is likely to move higher in 2017 regardless
of the outcome of this meeting, so I want to be a buyer of any significant
price weakness.
4.To view my current buy and sell zones for oil, please click here now.Double-click to enlarge
this daily bars oil chart.
5.There may not be any OPEC-related pullback to my $40
area buy zone, but oil price enthusiasts should be decent buyers there, if it
happens.
6.If oil moves as violently as Goldman is predicting,
gold could also experience some wild price movement.
7.Please click here now. Double-click to
enlarge.Note the buy zones and my 14,7,7 Stochastics series oscillator that I
use exclusively on daily charts for major asset classes.
8.A beautiful buy signal for that oscillator is very near
at hand!
9.Many investors are wondering what caused this violent
decline in the price of gold that began on US election night. Here�s the
likely answer:
10.When vote counts began to show that Donald �The
Golden Trumpster� Trump would win the US election, gold surged well into
my key sell zone at $1320, reaching about $1337.
11.Please click here now. Double-click to
enlarge this monthly bars gold chart.
12.I sold a decent amount of gold as it rose into the
sell zone, even though the price was flirting with an upside breakout from
a key monthly chart downtrend line.
13.In my professional opinion, gold would have achieved
the trend line breakout, but only if the Indian government had not suddenly
showed up on the scene that same night� with a horrific announcement that
overwhelmed the US election news.
14.The bottom line is that a massive fiat cash call-in
was announced, crimping the ability of Indian citizens to buy large amounts
of physical gold.
15.As the true size of the call-in became understood,
gold tumbled violently down to my fresh but modest buy zones of $1215 and
$1180.I�ve taken buy-side action, and I urge the entire world gold community
to do so as well.Buy modestly, but buy!
16.Whenever gold bullion enters a buy zone of modest
size, gold stocks and silver bullion can also be bought, also with modest
size.
17.To view the GDX chart, please click here now. Double-click to
enlarge.
18.GDX has entered the $21.42 - $19.02 accumulation zone,
and all gold stock enthusiasts should take buy-side action.
19.For a closer look at GDX, please click here now. Double-click to
enlarge this GDX daily bars chart.Note the excellent position of the
Stochastics oscillator at the bottom of the chart.
20.The current time may be a confusing one for the world
gold community.The election of Trump was supposed to send gold soaring.There
is now talk of an imports ban in China.The action in India borders on the surreal.
21.My view on the situation is this:Gold is the ultimate
asset, so investors need to be prepared for �ultimate price action� on
any one of the 365 days in a year!
22.While the Chindian situation is mildly concerning,
it�s temporary and countered by the upcoming Fed meeting.A rate hike will
further incentivize banks to make loans, and that is the next step needed to
reverse money velocity and generate serious institutional interest in gold
ownership.
23.A fresh upcycle in oil seems imminent, and the Italian
referendum comes next week.For the most gold-positive news of all (in the
short to medium term), please click here now. As of today, a billion
Muslims will have the means to legally invest in gold products that were
previously off-limits.
24.This is very important news for the world gold
community.It should add about 1000 tons of demand over the next 12 months.It
will also help to make gold a more respected mainstream asset.Bullion ETFs
and perhaps even gold stock ETFs like GDX will be enthusiastically
embraced.The official launch date has not been announced, but I�m predicting
it will occur before this year ends!
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://www.gracelandupdates.com
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?
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