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
This is the long-term gold chart. Fundamental and technical analysis are both strongly supporting gold’s rally towards the key $1400 area. Having said that, COMEX price action mainly reflects action in the physical market and this is the...
The next US central bank announcement is tomorrow, and whatever happens is win-win for gold. If the Fed surprises most analysts and hikes rates, the stock market probably crashes, and gold stocks rally strongly.
With little fanfare, gold is staging a nice consolidation in the $1280-$1350 price zone. A breakout from this $70 trading range would usher in a fresh target of $1400 and perhaps $1420. Note the superb position of the 14,7,7 series...
The US stock market and bullion swooned yesterday, but the GDX gold stocks ETF was up! Gold stocks continue to perform impressively. Rallies look impulsive and corrections feel solid.
The biggest driver of major markets right now is the possibility of a US-China trade deal. The US government’s wild launch of tariff taxes caused global markets to swoon in the first half of 2018. Gold and the Chinese stock market were...
As US markets re-open after the holiday, the world’s “queen of assets” continues her glorious ascent to higher prices. This is the magnificent short term gold chart. The rise above $1332 ushers in my new short-term target: $1355!
This is the daily gold chart. The uptrend looks majestic, and especially so in the face of the dollar’s strength against the euro and the yen. Whether gold rallies from the current $1306 support zone or from $1280 is not important. What’...
Gold price sales offer opportunity but patience is required. I like to see a market swoon of at least $50/ounce before buying any fresh medium-term gold or related positions.
The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day. With that now out of the way, gold is already staging more upside action!
Is the price correction in gold already over? I told investors to prepare for a modest and healthy correction from the $1300 area, and that’s happened.
