A Failed Oil Price Cap And $1300 Gold – Silver Doctors


What’s the more than likely situation for gold from the $1675 to $1700 big help zone?

by Stewart Thomson of Graceland Updates

1.   As empires peak and fade (or burn), the supposed leaders and key figures of the empire have a tendency to interact in maniacal meddling within the affairs of different nations… and luxuriate in bragging about it.

2.   One among America’s most well-known meddlers is Janet Yellen.  Along with appointing herself as a tax charge “lord” for the residents of the world, she has determined that she willset the value consumers can pay for Russian oil. 

3.   Please click on right here now. Double-click to enlarge.  If Janet is profitable in forcing Russian oil exporters to just accept $40-$60/bbl, might gold tumble to the large $1400-$1300 help zone?

4.   The $1675-$1700 is a big help zone, and gold is linked to grease, so after all a serious decline within the oil worth might negatively have an effect on gold.

5.   For the excellent news, please click on right here now. Some power market specialists imagine Yellen’s meddling might backfire and ship oil to $140.  JP Morgan analysts have an much more horrifying situation, the place the meddling sends all of it the way in which to $380!

6.   Please click on right here now. Double-click to enlarge, for a extra constructive view of the weekly gold chart.  The RSI oscillator and Stochastics are essentially the most oversold since 2018. 

7.   That is the more than likely situation for gold from the $1700-$1675 space: a pause after which a pleasant rally.

8.   Gold rallied after the CPI report, nevertheless it was “small potatoes”.  A a lot greater transfer upside is more likely to happen after the July 27 Fed meet, which takes place subsequent week.

9.   Please click on right here now. The good cash industrial merchants are piling on lengthy gold positions and promoting shorts on the COMEX. 

10.         That is one other indication that gold is prepared for an enormous bounce greater in opposition to US fiat.

11.         Subsequent, please click on right here now. The greenback index seems toppy and a break underneath 105 might create vital promoting. 

12.         The euro is bouncing from “par” with the greenback.  The par zone is critical and a serious rally for the euro is probably going.  That’s additionally good for gold.

13.         Please click on right here now. China’s economic system has rebounded (together with extra debt).  If that continues, Chinese language citizen demand for gold will bounce too.

14.         What concerning the miners?  Please click on right here now. Double-click to enlarge this key CDNX chart. A major bull wedge breakout might now be in play.

15.         With the Dow and gold each up early Tuesday morning, odds favour extra upside motion for the miners in the present day. 

16.         My junior useful resource shares publication at $199/12mths is an investor favorite.  Given the CDNX purchase sign and the highly effective motion in “hotties” like our Vulcan and Salt inventory picks, I’m doing a particular pricing this week, of simply $169 for 14mths!  Click on this hyperlink or ship me an e mail if you need the particular supply and I’ll get you onboard. Thank-you.

17.         Please click on right here now. Double-click to enlarge this necessary XME chart.I highlighted $40 as a key purchase zone, and XME was up yesterday with gold quiet and the Dow down. 

18.         My major present concern is that the American authorities is attempting to wage battle in opposition to Russia in Russia’s yard… and it might go badly awry “earlier than anticipated” creating an enormous surge in commodity costs.  XME is a superb technique to play all of the metals (each base and valuable).

19.         The US authorities failed badly in its wars in opposition to lesser opponents like Afghanistan, Iraq, and Syria.  The present US president is a draft dodger with alleged psychological points… and an enormous 2021-2025 battle cycle is in play. 

20.         Taking up Russia in its personal yard and utilizing debt to do it appears to be an act of battle mongering insanity destined to finish in a lot greater failure for America than the myriad of failures of the previous…

21.         But it surely’s fabulous information for gold and silver.

22.         Please click on right here now. Double-click to enlarge this GOAU chart.  There’s no query that given the value volatility, critical gold bugs want to carry substantial quantities of fiat money, gold bullion, and think about put choices if closely engaged within the miners.

23.         On the identical time, the present set-up for a large rally within the miners is the very best in a few years; quantity has surged in GOAU, Stochastics and RSI are closely oversold… and all of it will get formally underway with a breakout over the amber downtrend line. 

24.         That breakout seems like it would occur on (and even earlier than) the July 27 Fed meet, which is barely a couple of week away from in the present day!

Particular Provide For Web site Readers: Please ship me an E mail to [email protected] and I’ll ship you my free “Gold Shares Greenback Retailer!” report.  I spotlight eight purple scorching junior miners buying and selling underneath a greenback which have massive quantity coming into them and are prepared for upside motion!  Key investor ways are highlighted within the report.

Thanks!    

Cheers

St

Stewart Thomson 

Graceland Updates

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Stewart Thomson is a retired Merrill Lynch dealer. Stewart writes the Graceland Updates day by day between 4am-7am. They’re despatched out round 8am-9am. The publication is attractively priced and the format is a singular numbered level type.  Giving readability of every level and saving beneficial studying time.

Dangers, Disclaimers, Authorized

Stewart Thomson is not an funding advisor. The data supplied by Stewart and Graceland Updates is for normal info functions solely. Earlier than taking any motion on any funding, it’s crucial that you just seek the advice of with a number of correctly licensed, skilled and certified funding advisors and get quite a few opinions earlier than taking any motion. Your minimal danger on any funding on this planet is: 100% lack of all of your cash. You might be taking or making ready to take leveraged positions in investments and never understand it, exposing your self to limitless dangers. That is extremely regarding if you’re an investor in any derivatives merchandise. There may be an approx $700 trillion OTC Derivatives Iceberg with a tiny portion written off formally. The underside line:  

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