Trader: GOLD HAS MAJESTIC UPSIDE BREAK-OUT ON MAJOR CHART PATTERN!

The target is $2,000. Here are the details…

by Stewart Thomson of Graceland Updates

1.   Gold bullion, the world’s “queen of assets”, has a majestic upside breakout from a large inverse H&S bull continuation pattern.

2.   Look at this important price action. Is this an “all clear” signal for gold stocks and silver too?

3.   Well, physical metal dealers in Singapore report that silver bullion demand is currently bigger than demand for gold!

4.   Please click here now. Double-click to enlarge this daily silver chart.

5.   Breakout enthusiasts can buy silver now.  Value investors already bought when gold traded at $1450 and silver was $12.

6.   Light profit booking can be done at silver $16.50, $17.50, and $19, or as gold trades at $1800 and $1900.

7.   Please click here now. Corona is ravaging America.  The government has no savings and there was no effort made to prepare US citizens for germ warfare.

8.   The central bank is printing around $100 billion a day and using it to pump up financial markets, while New York and many parts of America are becoming a wasteland.

9.   Corona welfare checks for desperate citizens have yet to arrive (and may not arrive until July for many workers supporting large families), while stock market pundits claim all news is “Better than expected!” and is a huge stock market buy signal.

10.        I’m very concerned that the US government has made no effort to build protective bomb shelters and drill the citizens on how to use them.  As the government gets backed into a corner by the Corona virus, they may blame external nations and use military aggression as their “solution” to the problem.  They belittled the Corona virus when they should have prepared for germ warfare, and now they blame others for their own horrifying incompetence.

11.        America’s government has had lots of fun borrowing money and using it to bully weak nations in faraway lands, while leaving US citizens totally unprepared to manage real crisis and war.

12.        It’s likely only a matter of time before a more formidable opponent decides they have had enough US bullying, and they go on the offensive against America.

13.        The horror of what’s happening now will seem like a walk in the park if that happens.

14.        Please click here now.  Money managers were mostly fully invested before the Corona-oriented crash.  Are these money managers really what’s driving the stock market higher now, or is it mainly printed money from central banks?

15.        The answer to this question may never be known.  What is known is that Robert Mugabe was one of the world’s biggest money printing enthusiasts.  As head of Zimbabwe, he lorded over a soaring stock market while the nation wallowed in a horrifying economic depression.

16.        It feels like Western central bankers are copying his playbook today.  Since the 2008 crisis trough, the US stock market has been more of a government and central bank “poster boy” than a reflection of the real economy, and now it’s beginning to resemble something even more macabre…

17.        The stock market of Zimbabwe in its darkest hour.

18.        I’ve urged investors to put some capital into stocks at the Dow 21,700 and Dow 18,300 support zones, and of course that’s been a winning play, but I feel guilt for buying what has become little more than a government poster boy. 

19.        It feels morally wrong to invest in the stock market while Corona lays waste to US citizens.  The government’s pathetic actions only make the situation worse.

20.        Regardless, please click here now. Double-click to enlarge the daily GDX chart.

21.        There is a trend line breakout in play, and the major breakout for gold bullion suggests higher prices are coming for GDX and individual gold stocks.

22.        Please click here now. Double-click to enlarge this daily GOAU chart.

23.        GOAU also has a trend line breakout in play.  The $11.80 price area can be used for risk management by stoploss enthusiasts.

24.        Investors can use a stoploss on just a portion of their position, and hold the rest for much higher prices in the years ahead, years that will be themed on US dollar money printing rampant enough to make Robert Mugabe smile! 

Special Offer For Website Readers: Please send me an Email to freereports4@gracelandupdates.com and I’ll send you my free “GDXJ: It’s Time To Play!” report.  I highlight key GDXJ component stocks that are set to soar as gold roars above $1700, with risk and reward tactics for each stock!

Thanks!

Cheers,

St

Stewart Thomson

Graceland Updates

Note: We are privacy oriented.  We accept cheques, credit card, and if needed, PayPal.

Written between 4am-7am.  5-6 issues per week.  Emailed at aprox 9am daily.

www.guswinger.com

Email:

stewart@gracelandupdates.com

stewart@gracelandjuniors.com

stewart@guswinger.com

Rate Sheet (us funds):

Lifetime: $999

2yr:  $299     (over 500 issues)

1yr:  $199     (over 250 issues)

6 mths: $129 (over 125 issues)

To pay by credit card/paypal, please click this link:

gracelandupdates.com/subscribe-pp/

To pay by cheque, make cheque payable to “Stewart Thomson”

Mail to:

Stewart Thomson / 1276 Lakeview Drive / Oakville, Ontario L6H 2M8 Canada

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?