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
The spectacular price action of gold within what I’ve dubbed the “Uptrend of Champions” continues to be impressive. I’ve suggested that the rally is poised to accelerate, and that’s clearly in play.
Gold looks technically superb…and its fundamentals look even better. Inflation is rising in China and the West, the dollar looks shaky against key fiat competitors, and a reversal in American money velocity is imminent.
Hardly a day goes by now without more good news for gold investors appearing, and the pace of this news flow is accelerating.
The world’s ultimate asset, gold bullion, continues to act superbly. That’s because fundamental, cyclical, and technical price drivers are very positive and are in play at the same time.
With each passing day, both the technical price action and the news flow are getting more positive for gold. Gold has also surged through resistance at $1220 and is making a beeline towards my $1250 target zone.
As I have noted for many years, gold has a rough general tendency to decline ahead of the US jobs report, and then rally in the hours and/or days following the release of the report. The next monthly jobs report will be released at 8:30AM ...
The 2017 gold market rally continues nicely…with a current pause at light overhead resistance in the $1215 - $1220 area.
Rate hikes tend to be good for gold, and even better for gold stocks. On that note, this is the hourly bars gold chart.
The last two bear markets in US stocks were deflation-oriented. The next one is likely to be inflation-themed, and could feature the US dollar and gold soaring higher at the same time.
While the December 31 selling in gold and gold stocks may have rattled gold bugs a bit, the fact is that gold begins 2017 in pretty good shape. Big fundamental themes that weighed on the “ultimate asset” in 2016 appear ready to reverse and...
Recent Articles
China has only 2% of its Total Foreign Reserves in gold.
