1.Bank economists and bearish gold gurus continue to err,
on their gold price predictions.The huge declines they promised in 2014 on
the taper never materialized.
2.They promised that 2015 would bring much lower
prices.Instead, gold has already rallied strongly, as I told the gold
community it would, because of the bullish news that consistently
emanates from Asia.
3.Please click here now. The CME clearly
understands that the dominance of Asia in gold price discovery is already
here, and is wisely launching products to profit from what I call the “gold
bull era”.
4.In contrast, the bearish Western economists rarely even
mention Asia in their gold price analysis.I feel they risk turning themselves
into irrelevant “rotary phones”.
5.The gold market is becoming more stable, as consistent
demand for vast amounts of gold jewellery reduces gold price volatility.
6.As the market gains stability, conservative
investors of size are attracted to it.The ideal market is
one that rises on inelastic demand, with modest volatility.Gold is that
market now.
7.The US dollar has staged a massive rally against most
currencies in early 2015, but it has fallen sharply against gold in the same
time frame.Why is that?
8.For the simple answer, please click here now.India, and its
gold-focused citizens, will dominate the world in the coming decades, and I’m
predicting that dominance will begin within 18 months.
9.As the year 2015 gets underway, the US dollar is almost
in freefall against the rupee.Only the actions of the Indian
central bank are preventing the dollar from suffering an outright crash.
10.The bank economists are clearly focused on the wrong
charts.As price discovery becomes tied to Asian physical bars, it is not the
dollar versus the euro or the yen that matters.It is now the dollar
versus the rupee that is the fiat key to gold price discovery.
11.Please click here now. India’s central bank
is buying record amounts of dollars, yet the rupee keeps mauling the
dollar.In my
professional opinion, the Indian nation will have a strong current account
surplus, by year-end.
12.Please click here now. That’s an hourly bars
“year to date” chart of the Dow, via DIA-NYSE.Horrifically, it looks
like a rancid wet noodle.
13.Faced with the prospect of rate hikes, the end of the
business cycle, an aging population that embraces debt as a kind of “super
hero”, the Dow has lost momentum, and is now a dangerous place for
investors!
14.Please click here now. That’s the Indian
stock market, via INDA-NYSE.
15.Powered by the strongest fiat currency in the
world, a youthful population, savers and workaholics, the Indian stock market
looks like an unstoppable freight train, and I’m definitely on board the
train!
16.The two key price drivers for gold in 2015 are
Chindian jewellery demand and central bank buy programs.Please click here now.For the first time in
sixteen years, the Dutch central bank has increased its gold reserves.This
could be the beginning of an extensive gold buy program for the Dutch.It follows their successful gold
repatriation campaign.
17.Also, many bank economists predicted that Russia would
sell gold reserves in December, and this would cause gold to decline.Instead,
Russia added to their reserves!With
all due respect, at the rate they are going, the bank economists may soon
need somebody to tie their shoelaces.
18.Please click here now. That’s the GDX daily
bars chart.There’s a rare and bullish double-headed inverse head and
shoulders bottom pattern in play.
19.Note the breakout zone around the neckline of this
superb pattern. It’s flag-like, but it’s not a full flag pattern.I call it a
“bullish drift”.
20.Next, please click here now. That’s a second look
at the GDX chart, with a focus on volume. Some technicians wrote to
me yesterday, worried that while GDX rose in price yesterday, the volume
declined.
21.Volume must be studied from a perspective of the minor
price trend, not just the daily closing action.Note how volume has
declined as the price drift occurred.That’s extremely bullish.
22.As gold arrived in the $1305 area, I issued a light
profit booking signal to my subscribers.I suggested that gold could decline
to the $1258 or $1240 area.
23.While that’s still possible, the bearish sentiment
that appears to have suddenly enveloped many gold community investors, leads
me to believe that a charge towards $1348 is the more likely scenario now!
24.As good as gold stocks look, silver stocks look even
more spectacular.Please click here now. That’s the daily
SIL-NYSE chart.There’s a bullish inverse head and shoulders pattern in play,
and my immediate term target is $13.25, if SIL can close above $11.25 for two
consecutive days.This should be a spectacular year for enthusiastic silver
stock investors.Thanks for your time!
Special Offer For Website Readers:Please
send me an Email to freereports4@gracelandupdates.com and
I’ll send you my free “Junior Gold Stocks on Steroids!” report.These key
junior gold stocks appear poised to vastly outperform GDXJ, as gold spikes
higher!I’ll show you the key stocks, and where my buy and sell signal points
are.
Thanks!
Cheers
st
Stewart Thomson, Graceland Updates
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