Gold Bugs Now: A Joyous Mood

President of Graceland Investment Management
March 15, 2022

The world’s fiat bugs promised that money printing, debt, and government meddling were the solution to the debt crisis of 2008.

They did the same thing with the Corona crisis of 2019-2021, and now they are doing it again with the horrifying war crisis of 2022.

For gold bugs who are watching this madness, it’s a tragic comedy of errors that dwarfs the greatest Shakespeare plays.

The big picture chart for gold.

The US government ban on Russian oil, extreme sanctions, and the Ukraine war are three fear trade price drivers for gold that have reached their maximum effect… in the short term.

At the same time, Indian gold buying has dried up due to the rally and the new Corona wave in China has buyers going to the sidelines there. The bottom line:

Technically, a pullback to the small triangle apex at $1900-$1850 seems normal and the fundamentals are in perfect alignment with this scenario.

The daily gold chart.

While long-term investors can buy miners now, my focus is $1920, $1880, and $1835, the support zones defined by previous highs.

This chart, a leveraged bear play on interest rates.

While commodities (including oil) take a breather, the pressure on rates is intensifying. Investors who are long gold (and related items) and short bonds, are poised to outperform everyone else.

The long-term interest rate chart. I’m projecting not just the couple of hikes that the Fed bandies about, but a rise above the highs of 1981!

Whether digital or physical, the citizens of China, India, and Russia are going to be focused on the yuan more than the dollar. That’s because petrodollar has been replaced with the macabre “sanctionsdollar”.

Unfortunately, there are no benefits to American citizens from sanctions; Main Street prices are skyrocketing. Most republicans and democrats are united in war mongering against anyone who doesn’t join them in ruthlessly punishing Russian citizens for simply being alive.

Russian banks are already moving to offer their eager depositors new yuan savings accounts that feature a juicy 8% interest rate.

The yuan is likely to become a defacto currency of Russia in the coming years…. along with gold!

The Ukraine has enormous armed forces, but in time the Russian forces will almost certainly overwhelm them.

Debt-oriented US government meddling in the Ukraine is making a bad situation worse, and of course that’s why this already-horrific dollar versus gold chart could become an “obliteration” chart.

The S&P500 CAPE ratio chart.

When investors look at the big picture charts for rates, the stock market, gold, commodities, the dollar, and debt, it’s clear that the American empire now resembles a tin can full of meddling stormtroopers at best, and a hydrogen balloon in a blast furnace at worst.

My big picture newsletter is $199/year. It’s an essential aid in the incredibly ominous 2021-2025 war cycle. I got an overwhelming response to my war cycle special subscription offer. I’m extending the $179/15months special offer for one more week! Please send me an email if you want to get it. Thank-you.

The GDX tactics chart.

Rather than anything technical on the GDX chart itself, I am most focused on the gold prices of $1920, $1880, and $1835 for fresh mining stock purchases. Investors are in a very positive mood on this pullback, and so they should be!

I’ll ask gold bugs to think now about how positive the mood will become as gold rises from my buy zones to fresh all-time highs!

Special Offer For Gold-Eagle Readers: Please send me an Email to [email protected] and I’ll send you my free “CDNX Golden Leaders!” report. I highlight ten mighty junior miners who are racing higher now and set to race even faster as gold shoots to a new high! Key tactics are included with each stock.

Thanks!

Cheers

St

Stewart Thomson

Graceland Updates

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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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Stewart Thomson is president of Graceland Investment Management (Cayman) Ltd. Stewart was a very good English literature student, which helped him develop a unique way of communicating his investment ideas.  He developed the “PGEN”, which is a unique capital allocation program. It is designed to allow investors of any size to mimic the action of the banks.  Stewart owns GU Trader, which is a unique gold futures/ETF trading service, which closes out all trades by 5pm each day. High net worth individuals around the world follow Stewart on a daily basis.  Website: www.gracelandupdates.com.


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