A Green Light To Buy? – Silver Doctors

What’s the really helpful technique for taking part in the miners?

by Stewart Thomson of Graceland Updates

1.   As gold surged into my promote zone at $2000/ounce, I laid out the $1835-$1775 space as my most popular “rebuy” zone for traders, with a deal with the miners.

2.   As gold reacted, I urged keen gold bugs to deal with taking advantage of inflation and price hikes immediately, by shorting the bond market.

3.   Please click on right here now. Double-click to enlarge this TBF bear bonds ETF.

4.   Wednesday’s price announcement from the Fed might mark a short-term peak within the rally.  Buying and selling income may be booked, however any pullback is a recent shopping for alternative for traders who will not be but concerned… in what might turn into the most important bond market meltdown within the historical past of America.

5.   Whereas the Fed and price hikes make the headlines this week, it’s bodily demand for gold that principally determines the worth development.

6.   On that word, please click on right here now. Chinese language lockdowns and a failing inventory market there have gold patrons in a lacklustre temper.

7.   India?  Please click on right here now. April demand in India was virtually non-existent, and it exhibits within the value motion.

8.   The excellent news is that the medium time period seems a lot better from right here.  Jewellers are forecasting 10%+ development for fiscal 2023.

9.   That’s in step with my ongoing forecast of 8% a 12 months for the subsequent a number of many years. 

10.         Some miners are buying and selling the place they have been when gold was $500-$600/oz and that’s clearly disappointing.  The excellent news:

11.         My really helpful technique for taking part in the miners is to carry some core positions, however to deal with buying and selling them by shopping for at my gold bullion purchase zones, with a plan to promote them shortly with 20% to 30% features.

12.         Common traders can outperform the most effective cash managers on this planet with this time-tested technique.  

13.         Please click on right here now. Double-click to enlarge this GDX each day chart.  There’s assist on the chart at $34.48 and a major “value sale” is actually in play.

14.         Having mentioned that, please click on right here now. Double-click to enlarge this essential each day gold chart.

15.         As value has descended in direction of my huge purchase zone at $1835-$1775, the 14,7,7 Stochastics oscillator is confirming the zone as one for strong investor buy-side motion.

16.         Please click on right here now. Double-click to enlarge this SILJ junior silver shares ETF.

17.         No analyst might have forecast all of the “zigs and zags” on this chart earlier than they occurred, however traders who purchased the junior silver miners at my key gold bullion assist zones have finished extremely properly…

18.         Offered they offered at my promote zones too.

19.         There’s now a proper shoulder of a strong inverse H&S sample in play on the SILJ chart, with the low of the best shoulder occurring as gold nears $1835.

20.         There are gargantuan potential income for mining inventory traders if gold reverses from round $1835 and shoots in direction of $2200.  My Galactic Juniors e-newsletter is attractively priced at $199/12 months, and to rejoice the potential post-Fed blastoff for the miners, I’m providing a particular of simply $169/14months this week.  To get in on the motion, use this hyperlink or ship me an e-mail.  Thanks!

21.         Mining inventory sentiment?  Please click on right here now. Double-click to enlarge.  Whereas bullish sentiment is “midships” at about 50, that’s the place momentum-oriented breakouts usually happen for gold, silver, and the miners.

22.         Additionally, word the reliability of the Stochastics oscillator (14,7,7 sequence); gold staged strong rallies from every of the Stochastics purchase alerts.

23.          Please click on right here now. Double-click to enlarge this GOAU chart.  Observe the strong place of the Stochastics oscillator as “Queen Gold” makes her manner in direction of $1835.

24.         I’m an enormous believer in investing with the mind… and the guts.  For some traders, GDX is the way in which to play the senior miners.  For others, it’s GOAU.  Within the massive gold bull period image, I don’t see one as higher than the opposite.  Buyers should purchase that which is closest to their coronary heart.  It may very well be particular person miners.  It may very well be GOAU or GDX, however relating to the mind, it’s all about shopping for as gold approaches $1835, a value the place gold bugs can thrive!

Particular Supply For Web site Readers: Please ship me an E mail to [email protected] and I’ll ship you my free “$1835 and 5!” report.  I spotlight key miners buying and selling close to a value of $5/share, the place there’s a stability of threat and reward.  Key purchase and promote ways are included within the report!




Stewart Thomson 

Graceland Updates

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Written between 4am-7am.  5-6 points per week.  Emailed at aprox 9am each day    



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

Dangers, Disclaimers, Authorized

Stewart Thomson is now not an funding advisor. The data supplied by Stewart and Graceland Updates is for basic 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 threat on any funding on this planet is: 100% lack of all of your cash. You could be taking or making ready to take leveraged positions in investments and never comprehend it, exposing your self to limitless dangers. That is extremely regarding if you’re an investor in any derivatives merchandise. There’s an approx $700 trillion OTC Derivatives Iceberg with a tiny portion written off formally. The underside line:  

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