|
1. Merry Christmas to you, from the gold market! To
receive your first present, please, click
here now! You are looking at GDX, which I consider to be the best proxy
of senior and intermediate gold stocks. Double click on the chart, to fully
expand it.
2. There are bullish technical non-confirmations
“all over the board”
here. RSI and the 4,8,9 MACD series are particularly
impressive. These indicators are making higher highs while GDX makes minor
new lows, which is extremely bullish chart action!
3. A bullish wedge pattern is also now in play.
4. An initial upside surge to $48.50 is the most likely
scenario, followed by a test of the minor high at $54.69.
5. On the money printing front, the election of Shinzo “Fred
Flintstone” Abe in Japan is probably akin to putting a kid in
charge of the world’s largest candy store.
6. Gold should surge dramatically higher in 2013, as he
takes quantitative easing to uncharted heights, in an attempt to reflate the
entire asset base of Japan. The bottom line is that if Time magazine had a
“Money Printer Of The Year”
award, Shinzo
Abe could win it with his eyes closed.
7. Technically, the charts seem to agree with my
assessment of the fundamentals. The gold bullion chart looks spectacular. To
unwrap your second Christmas present, please click
here now. That’s daily spot price chart for gold, and you can see
that last week’s pullback halted right above key HSRB (buy-side horizontal
support & resistance), at $1636.
8. I circled the minor high of $1635.40 in green.
That’s the high that created this HSR. The gold price immediately
surged higher from that area, and did so against a background of technically
oversold indicators and oscillators.
9. Note the partially opaque vertical dotted line that
I’ve used to highlight those technical indicators. This is likely the beginning of the most spectacular rally in the
history of the gold market.
10. There are more presents under your gold Christmas
tree. To unwrap the next one, please click
here now. I’ve drawn an uptrend line across all the lows since May,
and added a parallel supply line, across the $1798.10 high point.
11. Gold has “arrived”
right on the demand line of that channel, just as it arrives at strong HSR.
Technically, that’s what is termed a buyer’s delight!
12. I’ve received many emails from investors who
bought gold-related items in the $1900-$1700 area. After becoming
disillusioned, they have tried shorting those same items, in the $1700-$1500
area.
13. Their actions can be summed up as jumping from the
frying pan into the fireplace. All they will find in their Christmas stocking
this morning is a huge pigtail, courtesy of the banksters.
The banksters
were powerful buyers last week, while releasing negative statements about
gold to the media.
14. What happens if the fiscal cliff situation is not
resolved? Well, gold could be forced a bit lower, and the stock market could
crash, but I think that event would be followed by an emergency meeting of key central bankers.
15. They would likely pump the market with liquidity,
much like they did at the market lows of 2008. The result would probably be a
near-vertical move higher by gold, permanently
destroying the short-side speculators.
16. Now I want you to unwrap a very large Christmas
present. Please click
here now. That’s daily spot price gold chart, but I’m using
closing prices. Suddenly, a massive reverse h&s
bull continuation pattern is unmasked!
17. The target is well above $2000, and if gold hits
that, every card-carrying member of the gold community will remember this
Christmas as one to cherish.
Special Offer For 321 Gold Readers: Send me an Email to freereports@gracelandupdates.com
and I’ll send you my free “Hi
Ho, Silver!” report. Gold’s little brother has a few
Christmas presents of his own for you to unwrap, and I’ll show you what
they are!
Thanks!
Cheers
St
|
