Gold, Crypto And Stock Market Key Tactics Now

February 23, 2021
President of Graceland Investment Management

I see green shoots for gold! The daily gold chart.

There’s now a double bottom pattern in play.

A breakout above the neckline at $1966 would likely see gold surge to $2089… and higher.

The sentiment of gold investors with weak hands is at “gulag” levels, but nothing has changed fundamentally.

In America, the fear trade dominates gold. The government continues to pile up debt and inflation looks ready to rear its ugly head.

In India, the love trade dominates. There, the nation is winning the war against the Corona virus, and the economy is recovering fast.

The recent gold import duty cut and the strengthening economy has India’s “titans of ton” in a very positive frame of mind, and now gold demand is rising fast.

The weekly gold chart.

There are some great green shoots appearing on the daily chart, but to turn this rally into something really big, my weekly chart 14,5,5 Stochastics oscillator and 5,15 moving averages need to flash crossover buy signals… and do it as gold bounces from the $1767 support zone.

That could happen by Friday of this week.

The lively silver chart. Silver will likely be the leader of the next precious metals market rally.

A move above $31 for silver that occurs alongside buy signals on the weekly gold chart would be very positive.

For investors who find summers too hot and winters too cold, silver could be the ideal investment. It has less sizzle than bitcoin, but more than gold.

What about investors who like hot summers… and red hot investments? In the private money asset class, crypto is the hottest of the hot!

Whether it is real estate, the stock market, fixed income, metals, or crypto, people need to prepare ahead of time… for scenarios that seem unlikely.

Investors who rely on price prediction alone are playing with fire, and most of them get severely burned.

Is a bitcoin meltdown in play now? That’s unknown, but I want investors fully prepared to deploy fiat cash into the market at a bitcoin price of $38,000-$42,000.

A look at the US stock market. The Dow chart.

The stock market has less volatility (arguably due to help from banks and government) than gold or crypto.

That makes the use of the 10,100 moving average series an effective tool. I’ve highlighted the buy and sell signals in black and green colour on the chart.

Note how close the market is to a sell signal. These signals don’t happen very often. When they do, investors should consider taking action.

I don’t think this is the end of the QE-oriented bull run that began in 2009, but a significant reaction is likely.

When the bull-run ends, America is likely to become a stagflationary wasteland. What lies ahead is likely a repeat of the 1966-1980 period… on steroids.

Holding lots of gold, lots of silver, and lots of the miners that get those metals is an obvious course of action, and act of sanity, for all investors in this world.

Special Offer For Gold-Eagle Readers: Please send me an Email to freereports4@gracelandupdates.com and I’ll send you my free “Go For The Gold!” report. I highlight the most elite junior miners on the CDNX that can also be bought on the US market. Key prices for buy and sell action are included to minimize risk and maximize reward!

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.

In 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed U.S. citizens from hoarding gold.

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