Money Printing Creates Gold Stocks Nirvana

President of Graceland Investment Management
April 14, 2020

Another “Golden Week” Is Underway…And Both The Miners And Bullion Are Off To A Great Start!

Gold bullion ETF purchases are soaring. For the SPDR fund (GLD-NYSE), total tonnage has moved above the key 1000 tonnes marker.

With the Corona virus, here’s where the rubber meets the road: No government has accumulated any savings to deal with this or any other crisis.

That opens the door to significantly higher gold prices.

The fabulous GDX chart.

My swing traders booked solid partial profits yesterday on our latest GDX power trade. We are awaiting an imminent breakout above the key $32 resistance zone.

The buy signal chart for the Dow.

Long before the market crashed, I urged subscribers to prepare to buy Dow 18,300. The low was about 18,213.

To make stock and gold market profits that are retained, investors need to mainly focus on the big support and resistance zones. On this chart, there is also rough broadening formation in play and that’s ominous.

Broadening patterns indicate a market that is… out of control.

The bottom line is that the US stock market can continue to rally (on Fed money printing), but the broadening action is likely to dominate, as it has for the past several years.

More crashes are coming, so more pain for investors is coming.

Why did so many stock market investors get caught flat-footed in the latest crash? Unfortunately, I think most investors were lost in a somewhat pathetic world of worshipping governments and central banks as their saviours.

Sadly, most governments have no savings, and that’s especially true in America, which is an empire that should know better, but doesn’t. The US government never saved money for any crisis.

In good times, the nation’s “Gmen” waste all the money they print, borrow, and extort from citizens. So, when a crisis happens, all the government does is tell grandiose stories about the future, while begging the central bank to print money for them.

In a nutshell… government is pathetic.

Also, investors need to consider the possibility that just as there are gravitational cycles for the sun, moon, and Earth, there can be virus and war cycles.

American involvement in World War Two took place in 1941-1945, almost eighty years ago. Eighty years before that, in 1861-1865, there was the US civil war.

Instead of good times ahead for silly government worshippers, a new and deadly period of war in 2021-2025 could be the unpleasant future that awaits the unprepared citizens of America.

The ominous war cycle fits with the horrific broadening action taking place on the stock market charts.

The “work of art” gold chart.

There are beautiful layers of inverse head and shouldering action in play, suggesting a glorious $1975 target price for what I call… the queen of assets, gold bullion!

The weekly GDXJ chart. Mining stock enthusiasts need to stay focused on the big picture; as gold bullion pushes towards $1975, the virus crisis gets “solved” by money printing. It potentially becomes an even bigger war crisis that is “solved” by even bigger money printing.

Glorious price action lies ahead for the miners. As one crisis morphs into another (war or just significant stagflation), there’s a strong probability that GDXJ takes out the $50 area highs. From there, I’m predicting an immediate rocket blast towards major league resistance at my $63 target zone, and then an assault on the all-time highs near $145!

Special Offer For Gold-Eagle Readers: Please send me an Email to [email protected] and I’ll send you my free “Golden Shotgun Blasts!” report. I highlight ten “rip snorting” gold stocks that investors can buy right now, and expect much higher prices as gold leaps hundreds of dollars higher! I include key technical details for each miner.

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?


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:

The term “carat” comes from “carob seed,” which was standard for weighing small quantities in the Middle East.
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