Stewart Thomson
President of Graceland Investment Management
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.
Stewart Thomson Articles
Another “traditional” US jobs report week is underway, with gold soft on “Tombstone Tuesday”, and moving towards a key buy zone for all precious metal enthusiasts.
In an interview on Monday, Fidelity fund manager George Efstathopoulos said that gold investors are now less focused on yields rising, more on why they are rising, and he just doubled his fund’s exposure to gold.
In 1973, the OPEC oil supply crisis sent gold soaring… while US rates surged. Today, fiendish government narrators have promoted a macabre scenario where skyrocketing oil and rising rates is supposedly very negative for gold.
The narrators say all that matters for gold is that America’s biggest fiat money soup kitchen (the Fed) might raise rates a quarter point, and that’s incredibly negative for gold.
The big picture of global government is a macabre one. It’s a picture of debt, extortion, and fiat-oriented bravado.
Over the past few months, gold has been oozing generally sideways (with a modest downwards bias) against US fiat. The cause of the swoon is weakened demand from central banks and Indian citizens.
Amateur gold investors in the West are terrified of higher rates because they erroneously treat the Fed as if it is the bond market. In the big picture, the Fed is about as useful to the average US citizen as a soup kitchen is to the...
Oil and war are headline news again, and mainstream media is trying to claim that all that matters… is a possible rate hike that’s negative for gold.
Clearly, it doesn’t matter what help the government tries to give its fiat in the fight against gold… it’s always going to end with a knockout win for gold.
Are global government fiats ready for their next tumble of significance against supreme money gold? In the big picture, all fiats clearly fail against gold, but they do have occasional rallies.
