Gold Stocks & Silver: The Road To New Highs Stewart Thomson
email: stewart@galacticupdates.com
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Jun 30, 2026
- Are global government fiats ready for their next tumble of significance against supreme money gold?
- For some key insight into the matter, please click here now. Double-click to enlarge. In the big picture, all fiats clearly fail against gold, but they do have occasional rallies.
- The current price action is partly technical; gold surged from about $1800 to $5600 without much of a pause. Gold is consolidating that move and the consolidation can take months or even years to complete.
- Fundamentally, the consolidation has been enhanced by the Iran war. That’s because many central banks halted their buy programs for gold and some began selling.
- Nations were hammered with oil shortages. Economic depression and even mass starvation became possible with the closure of Hormuz.
- There are still skirmishes, but Hormuz is basically open again and central banks are eager to resume their gold buying, to protect against the ongoing government weaponization of fiat, especially US fiat.
- Please click here now. Double-click to enlarge. Some hedge funds have studied lunar cycles to see if there is some correlation with markets. These cycles are best used in conjunction with other technical tools.
- On that note, please click here now. Double-click to enlarge. Yesterday gold traded near my $3900 buy zone and a full moon occurred.
- That happened with weekly chart Stochastics (14,5,5 series) also dramatically oversold.
- In a nutshell, there’s no guarantee that gold made a big low yesterday, but what can be said is that tremendous value (fundamental, technical, and cyclical) is offered to investors here.
- Some amateur investors thought that the Iran war and a dip in the gold price was linked to the possibility of the Fed raising rates… and since gold pays no interest (in the West), it needs to fall against interest-yielding fiat.
- That’s a silly narrative that is promoted by mainstream media, but I can assure gold bugs of the world that the big driver has been central banks and it’s only a matter of time before these titans begin buying afresh.
- Another group of “titans of ton” are the citizens of India. The oil shortage caused the government there to hike taxes on gold and it urged citizens to buy no more gold for a year.
- That’s creating a black (free) market, but with Hormuz open the government could roll back those hideous taxes, opening the door to another 50-100 tons of monthly demand for gold.
- Modest patience is all that is required of investors. In time, the Fed chair and the US president are more likely to look like Emperor Nero and a twin money-debasing brother than “world leaders”.
- A daily focus on the big picture is critical for investors as inflation, a wildly overvalued stock market, debt ceiling horror, and empire transition dominate the investing landscape. I cover this big picture 5-6 times a week in my flagship Galactic Updates newsletter. At $199/year, investors feel the price is too low, but I’m offering a $179/15mths special offer that investors can use to get in on the winning action and meticulous analysis. Click this link to get the offer or send me an email and I’ll get you a payment link. Thanks!
- What about silver? Well, where gold goes, so goes silver. To view the daily chart, please click here now. Double-click to enlarge. It’s almost surreal to think that a move just back to the May highs near $89 is roughly a 50% gain from here… but that’s how much action “Prince Hi Ho” brings to the metals market table.
- At this point, silver bugs of the world may feel like repeating the words of the legendary Jim Sinclair, “I’m compelled to buy!”.
- Please click here now. Double-click to enlarge this stunning long-term silver chart. My suggestion is to buy some now, and more if there’s a further dip to the massive support zone at $50.
- Buying silver in the $60-$50 zone now is likely one of the wisest decisions a silver bug could ever make.
- What about the miners? Please click here now. Double-click to enlarge this interesting GDX chart. Some bull wedge “action” is in play and it’s apparent on the gold chart too.
- At the same time, a bear wedge is developing on the Dow chart. July is typically a stellar month for the stock market but…
- August, September, and October can be horrific. A number of scenarios are possible, including a resurgence in inflation and an “empire with no clothes” Fed that talks hawk but takes little or no rate hiking action.
- This potential divergence between gold and the US stock market, if oriented around this scenario could see both GDX and silver bullion rise to new all-time highs!
Thanks!
Cheers
St
Jun 30, 2026
Stewart Thomson Graceland Updates
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Tuesday 30th Jun 2026
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Stewart
Thomson
is a retired Merrill Lynch broker. Stewart writes the Graceland
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