A Mighty Gold Price Rally So Powerful That $1675 Is Becoming Support Again!

The action is about to intensify…

by Stewart Thomson of Graceland Updates

1.   The 2021-2025 war cycle, inflation, energy transition, and empire transition are a perfect “golden storm”. 

2.   The intensity of these four gold price drivers is astounding.  It’s the reason I urged Western gold bugs to consider the move under $1675 as potentially a false breakdown that could be reversed violently… and to buy the miners and silver as gold approached $1610.

3.   Please click here now. Double-click to enlarge this majestic gold chart.  A week after I suggested the false breakdown/buy into $1610 scenario, it’s played out even more gloriously than I envisioned.

4.   For a look at the weekly chart, please click here now. Double-click to enlarge.  Gold’s mighty rally from the $1610 buy zone has been so powerful that $1675 is becoming support again too!

5.   Note the fabulous inverse H&S pattern on the Stochastics oscillator at the bottom of the chart.  This is a very positive chart, but certainly not something that could be called the greatest chart in the history of markets. 

6.   To view one that arguably is, please click here now. Double-click to enlarge.  The right side of the chart is a bit droopy, but it has the shape of a continuation pattern rather than a reversal.

7.   It clearly reflects the big fundamental drivers in play!

8.   Next, please click here now. Unlike the world’s richest man who is the defacto and sensible leader of the green energy revolution, the fiat obsessed governments of the West have no interest in peace for the poorest nation in Europe…

9.   Even if their sanctions and wars freeze millions of their own citizens to death in the winter of 2024 and create riots bordering on civil war in 2023.

10.         Western government war mongering is relentless.  It happened in Vietnam, Panama, Iraq, Syria, Libya, and many other nations.  It’s now reaching a hideous crescendo in Ukraine.

11.         Tomorrow’s OPEC meeting (that brings perhaps a million bbl/day supply cut) roughly coincides with the US government’s promised end to the one million bbl/day draining of the nation’s strategic reserve. 

12.         The bottom line:  The price of oil, and global inflation, are poised for a fresh surge to the upside!

13.         Please click here now. Double-click to enlarge this bullish oil chart. There was a bull wedge breakout yesterday and a move above $85 resistance could usher in a thunderous rally back to the $130 area highs.

14.         What about the oil stocks?  Well, please click here now. Double-click to enlarge this enticing XLE chart.  Note the beautiful gapping action and the bullish triangle in play.

15.         Oil stock enthusiasts may feel compelled to buy more of their favourite stocks right now… and rightly so!

16.         Please click here now.  Double-click to enlarge this AGQ leveraged silver chart.  While silver has been the superstar this week and looks to be heading “much higher”, there’s profitable fun to be had in trading this awesome metal too.

17.         The stock, commodity, bond, and gold markets are gyrating wildly, and I’ll dare to suggest that action is about to intensify. 

18.         My swing trade newsletter offers great value at $269/3mths.  Given the wild market action and the solid tactics we use with items like GDXU, OILU, TQQQ, AGQ, I’m doing a $249/4mths special offer until Friday this week.  Click this link or send me an email if you want the offer, and I’ll get you onboard! Thank-you.

19.         All gold bugs should probably own at least a token position in silver bullion too.  The sky is the limit for silver bugs and for those investors who bought silver into my gold $1610 buy zone, there’s not much to do here… except to shout, “Hi ho, hi ho, it’s up the chart I go!”

20.         For a look at the silver miners, please click here now.  Double-click to enlarge this SIL chart.  A run to $31-$32 looks to be the play for October.

21.         As the US government’s war against Russia continues to go off the rails, the citizens of the world will soon turn to silver bullion.  The vile QE central bank programs have created a much bigger class of middle and poor earners.

22.         Silver has always been the metal of the common man and it likely always will be so.  2023 will probably be themed on a “Hi, Ho, Silver!” mantra.

23.         If gold is the metal of kings, are gold stocks the stock for kings too?  Perhaps, and on the rally from my gold $1610 buy zone, many miners already look like they deserve a crown and a throne.

24.         Please click here now. Double-click to enlarge this GOAU ETF chart.  A fresh breakout is in play.  GOAU should be able to reach both $15 and $18 in October before there’s a swoon, and then it’s onto the “glory years” of the war cycle, in 2023, 2024, and 2025, when all the miners come alive and thrive!    

Special Offer For Website Readers: Please send me an Email to freereports4@gracelandupdates.com and I’ll send you my free “CDNX Rocket Launch!” report.  I highlight eight junior gold and silver miners in launch mode now that could rise 100% for a very happy Halloween!  Key buy and sell tactics are included in the report.

Kirk out




Stewart Thomson 

Graceland Updates

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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.

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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:  

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