Gold Stocks: Massive Buy Signals In Play Stewart Thomson
Oct 19, 2021
Is climate change real? If so, is it the result of burning dirty fossil fuels, or do government airplane “chemtrails” play the main role?
What about gold? Price is often soft on Tuesdays, and some conspiracy buffs like the term, “Takedown Tuesday”. Is it possible that an evil cabal of banks is responsible for gold price reactions?
The exact truth of these matters may be impossible to discern, but what should be obvious is that the big picture for gold is awesome!
Please click here now: Double-click to enlarge this spectacular weekly gold chart.
It’s essentially impossible to predict the exact endpoint to the building process of a head or right shoulder in a gigantic inverse H&S bull continuation pattern.
What can be said is that the rally from the head to the neckline is always enormous, and the wealth created by the rally from the right shoulder low to the math target of the pattern above the neckline… can be life changing for investors.
Tactics? The key is to focus on the miners when these fabulous opportunities present themselves.
On that note, please click here now: Double-click to enlarge this SIL weekly chart. The target of this drifting rectangle is about $62.
That’s an enormous gain from the current price area, but if gold pushes towards the H&S pattern target of $3000, SIL could trade at $100, $150, or even $200.
Next, please click here now: Double-click to enlarge this GDXJ weekly chart.
A breakout from the rectangle targets the $64 area highs, and to view an even more bullish scenario…
Please click here now: Double-click to enlarge. It could be argued that the price action is not just a drifting rectangle but also an elongated bull flag.
That would open the door to a surge to the $90 to $100 price area.
Next, please click here now: Double-click to enlarge this incredibly bullish GDX chart. The bull wedge formation could also be a pennant that targets the $65 area all-time highs.
Fundamentally, the relentless rise in Indian demand might be enough to drive gold to $3000. At the current pace, demand could reach the 150-180 tons/month marker in just two to three years.
What about the fear trade for gold in the West? Well, please click here now: Carl Icahn understands that money printing can create a stock market crash or “1970s gulag”…
While gold, silver, and the mining stocks soar.
I understand that many gold bugs get nervous when the stock market appears shaky, but I’ve suggested (relentlessly) that those fears can be discarded when the theme is inflation, as it is now.
Also, my key 10,100 moving average signals for the 2hour “Q’s” chart (Nasdaq ETF) suggest the stock market could be poised to rally.
To view that chart, please click here now: Double-click to enlarge. I’ve predicted that the US stock market will crash, but not until 2022, and this fresh buy signal on the Q’s bears witness to my prediction.
Furthermore, money managers have yet to view inflation as “here to stay”, let alone “out of control”. Once that happens and does so while the government pressures the Fed not to raise its borrowing costs… that’s when an institutional investor stampede out of the stock market and into gold becomes the main theme in play.
Next, please click here now: Double-click to enlarge what is probably the world’s best-looking metals ETF chart. It’s GOAU, and there’s a magnificent wedge formation that is accompanied by a very bullish volume pattern.
An upside breakout appears imminent, and it should be awesome! Note the red GOAU sell signal in the summer of 2020. That signal was defined by the arrival of gold at round number $2000 and the huge inverse H&S pattern neckline.
The blue buy signal for GOAU is defined by right shoulder time symmetry with the left shoulder on the gold bullion chart. It’s a signal for gold bugs of the world… to prepare to feel very happy, while getting much richer!
October 19, 2021
email for questions: firstname.lastname@example.org
email to request the free reports: email@example.com
|Tuesday 24th May 2022
Special Offer for 321Gold readers: Send an email to firstname.lastname@example.org and I'll send you my free “Little CDNX Rockets” report. I highlight ten of the most interesting junior miners in uptrend mode, with key tactics for investors!
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
|Subscribe via major credit cards
- or make checks payable to: "Stewart Thomson" Mail
to: Stewart Thomson / 1276 Lakeview Drive / Oakville, Ontario
L6H 2M8 / Canada
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
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: