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
Gold stocks continue to take out key highs, but in the big picture, the upside action has barely started.
The gold price action in 2016 is now getting widespread attention. The upside fun may continue, but when “the crowd” is very excited about the next possible move, the wise professional investor takes the view that a more relaxed outlook...
In a boxing ring, size must be respected. In the same ring, a heavyweight champion fighter tends to absolutely destroy a flyweight fighter. In the gold market, size must also be respected.
Gold is the ultimate safe haven. Therefore, when global financial risks rise or fall substantially, enormous institutional liquidity can flow into gold…or out of it.
All institutional eyes are on the Brexit vote. In the short-term, it’s the main driver of gold price discovery.
On Tuesday of last week, I told the Western gold community, “This is a time for investors to position themselves for the next wave higher…and for gold stocks that wave may just begin on Friday morning!”
When titans clash, reverberations are felt around the world. The US central bank has begun a titanic clash with the US government. Consequently, all markets will be impacted significantly as the battle unfolds.
From a technical, fundamental and seasonal perspective, the current gold price correction is exactly what “the golden doctor has ordered”.
Gold continues to garner solid global institutional support…and shows great resiliency on every sell-off against the dollar.
Gold rose towards key resistance a week ago. The resistance is defined by the 2013 price point of $1320 and the 2015 price point of $1307. It reached about $1306. As it did, I called the market a “profit booker’s delight.”
