Gold Charts: A Bullish Shine

President of Graceland Investment Management
November 15, 2022

Meddling in faraway lands is the hallmark of late-stage empires, and of bullies.

When former US Secretary of State John Kerry bragged that 30% of his allies in Syria were terrorists, his president Barrack Obama eagerly borrowed more fiat and used it for more meddling. The macabre goal of the meddling is perhaps best described as the complete “madmaxification” of the Syrian state.

Incredibly, the American government continues to gleefully borrow fiat and use it to pound mangled Syrian citizens with a vast array of destructive sanctions.

Late-stage empire meddling gone wrong is good for gold, and after wrecking Iraq, Syria, Libya (and attempting to wreck Egypt), US “Gmen” now appear to be trying to wreck Taiwan and Ukraine… all as part of a “super size” scheme to ruin the governments and citizens of China and Russia.

This is spectacular news for gold, and horrific news for billions of citizens around the world.

Conspiracy buffs will note that just 24 hours after the Turk government railed against the insanity of the US government’s proxy war against Russia, Turk citizens were killed and maimed in a terrorist attack. 

This comes not long after another attack blew up the Nord Stream pipelines.  While the US government can claim it’s not directly involved in either act, its “allies” like Turkey (Nations and citizens bullied and bribed into following US government orders?) are becoming increasingly agitated with the “my way or the highway” approach taken by US bullies.  Is there any good news? 

Well, the good news is that the weekly gold chart perfectly encapsulates all the horrifying fundamental action of this 2021-2025 war cycle. 

A fabulous bull wedge (with a massive breakout) is in play. 

The smart money commercial traders have been adding COMEX short positions into the rally, while the dumb money funds have bailed on shorts and added longs.

This suggests a pullback may be imminent, and it would make this chart even more bullish than it is now, because it would create the right shoulder of an inverse H&S pattern.

The action on a daily chart. 

An even more bullish scenario.  The pullback could take the form of a bull flag, which would be followed by another vertical blast higher. 

Clearly, all technical traffic lights for gold are green!

Bungled wars and bullying are creating inflation around the world.  There’s also a new tailwind for gold, which is a possible recession that sees the Fed fade its rate hikes while inflation gets stuck in the 5% zone.

A daily focus on the big picture (which is all about gold!) is critical for investors as inflation, the 2021-2025 war cycle, a wildly overvalued stock market, and empire transition dominate the investing landscape.  I cover this big picture 5-6 times a week in my flagship Galactic Updates newsletter.  At $199/year, investors feel the price is too low, but I’m offering a $179/15mths “super special” that investors can use to get in on the action, or to extend their existing subscription.  Click this link to get the offer or send me an email and I’ll get you a payment link.  Thanks!

The short-term oil chart.  The H&S top is likely created by sinking demand in the West.  A potential fade in Chinese lockdowns is not helping the price.

This is a time to book some profits on bond market short positions and focus on gold, silver, and the miners.

What about the US stock market?  Is a change in Fed policy and a dip in the price of oil a major buy signal for the stock market? 

I would suggest it’s a better time to buy put options than new positions.  Stock market investors believe buying stocks at valuation levels seen at the highs of 1929 is a great idea, simply because the Fed is creating recession. 

They believe the Fed will open the soup kitchen doors (rate cuts and QE), and the stock market will soar like it did from 2008 to 2021. 

That’s unlikely.  QE and rate cuts to zero are reserved for extreme situations.  What’s more likely is that inflation sticks around 4%-5%, the Fed stops hiking in the spring of 2023 but doesn’t cut, and continues QT.

That means stagflation becomes the major theme… which means gold and silver miners become the biggest theme of all! 

On that key note, the GOAU daily chart.  I’ve suggested that in hindsight, the year 2023 will be looked at as the start of a multi-decade “Grand Stagflation” era.

The base pattern on GOAU and on a myriad of individual miners (junior, intermediate, and senior) suggests that the launch could begin in January, but if the right shoulder plays out as a bull flag, it could happen this month.  With all due respect to US stock market investors, CAPE ratio 29 may be best suited for price chasing swine, while the valuation and technical action on the miners looks quite fine.  Enjoy! 

Special Offer For Gold-Eagle Readers: Please send me an Email to [email protected] and I’ll send you my free “Golden Buck” report.  I highlight ten mighty miners trading under a dollar that are sporting launchpad patterns and technical action.  Winning tactics are included for each great stock!

Thanks!    

Cheers

St

Stewart Thomson 

Graceland Updates

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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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