Full Article: Gold: End Of The Year Excitement
By: Stewart Thomson
Nov 1, 2016
- For gold investors, some days are more awesome than others, and I’ll boldly suggest that today is one of those days. Here’s why:
- Inflation is no longer near. It’s here. Please click here now. Measured by “stuff used”, China is the world’s largest economy.
- Producer prices there have surged steadily since the start of 2016, and the index has now crossed above the key 100 marker.
- China is poised to become the world’s biggest exporter of a product that most analysts have forgotten about; inflation!
- Also, gold stocks, which I call the canary in the inflationary coal mine, may be poised to start a fresh uptrend. On that note, please click here now. Double-click to enlarge this Agnico Eagle chart. The “Eagle” just staged a one day close above the key round number of $50.
- This great company is one of my key lead indicators for the entire precious metals sector, and a three day close above $50 could indicate that a new intermediate term uptrend is underway.
- Agnico Eagle is sometimes able to cover its entire gold mining costs just from its silver production, and it’s an important component in the GDX ETF.
- Also, Friday is US jobs report day, and a post report rally could see Agnico Eagle stage a weekly close above that important $50 mark.
- To view some longer term good news, please click here now. Top Islamic financial organizations have teamed up with the World Gold Council to launch the new Shari’ah Standard. It will be launched December 6, just two days after the upcoming Italian referendum.
- The new “Standard” will allow Muslims to invest in gold in accordance with shariah law, and the World Gold Council predicts the Standard will add a whopping 500 tons to global demand, over just the next four years!
- It’s going to become increasingly difficult for mining companies to grow their production enough to keep up with this kind of demand growth.
- It’s becoming very clear that investors who are looking for gold price discovery “action” won’t be bored in the last few months of this year. Chinese New Year buying also begins in another month or so, and the US election is now only about a week away.
- Please click here now. Double-click to enlarge this bitcoin chart. Bitcoin often leads gold bullion. I implore the Western gold community to view bitcoin not as a competitor with gold, but as a solid part of a diversified anti-fiat investment portfolio.
- Gold has no competition. It’s the leader of the anti-fiat team, but not the sole player. I cover the bitcoin price action in my juniors/high risk newsletter. I own it, and I’m extremely happy with the price action.
- Please click here now. Double-click to enlarge. A week ago, I predicted gold would rally straight to trend line resistance at $1285, and recoil from there. That’s exactly what happened. So, what now?
- Well, it’s going to take a few days of closing above $1285 to launch a serious rally, and even that technical action won’t be enough, without fundamental news that is positive for gold.
- The critically important jobs report will be released on Friday at 830AM, and the US election follows that just a few days later. Indian festival buying is also accelerating, which should act as good background support for a big fear trade oriented rally.
- Please click here now. Japan has one of the world’s biggest economies, but gold demand there has never been a big factor in price discovery.
- I’ve predicted that demand in Japan will grow surprisingly quickly, as more confidence is lost in the nation’s central bank and government. Clearly, some top Japanese economists are beginning to take that same view.
- Please click here now. Double-click to enlarge this short term Dow chart.
- The US stock market has a tendency to strengthen in the November to December time frame, but I would caution stock market enthusiasts from betting too heavily on that scenario this year. Seasonally, stock market crashes tend to be most likely in September and October, but the US election, a December rate hike, and the Italian referendum are all factors that may have moved the time frame for a crash to November – December.
- The bottom line is that the danger of a US stock market crash is actually greater now than it was in September and October. If there is a crash, gold could surge straight to substantial resistance in the $1425 – $1432 price zone.
- Silver tends to follow gold, but it can also lead gold at key turning points. Please click here now. There’s a clean upside breakout from an ascending triangle in play. There will be substantial battle at the sizable sell-side resistance at $18.50, a battle I expect to be won by the world gold community. It’s almost certain that the upcoming US election will be the catalyst that launches the battle.
- Lastly, please click here now. Double-click to enlarge. Newcrest is the biggest gold producer in Australia. Like Agnico Eagle, I use it as a bell weather for the entire sector. The price action is extremely positive right now; there are bull wedge and inverse head and shoulders bottom breakouts in play, and a run to the $27 area highs appears imminent. The world gold community should probably fasten their seat belts now, and get ready for an end of the year upside ride!
Nov 1, 2016
email for questions: email@example.com
email to request the free reports: firstname.lastname@example.org
|Tuesday 1st November, 2016
Special Offer for 321Gold readers: Send an email to email@example.com I’ll send you my free “Golden Steaks & Yellow Cakes!” report. I cover 5 leading gold stocks and 5 interesting uranium stocks that are “must buy” stocks right now, with key entry and exit points for all of them!
Graceland Updates Subscription Service: Note we are privacy oriented. We accept cheques. And credit cards thru PayPal only on our website. For your protection we don’t see your credit card information. Only PayPal does.
|Subscribe via major credit cards at Graceland Updates – or make checks 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. The newsletter is attractively priced and the format is a unique numbered point form; giving clarity to 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 qualifed 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?
Full Article: Gold: End Of The Year Excitement
By: Stewart Thomson
Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR, it’s owner and affiliates/associates may buy/sell and trade the company’s stock written up/video created on from time to time. JGR has been paid by the company written up. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.
Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.