Gold Ready To Charge To $2000, En Route To $3000

All lights are green…

by Stewart Thomson of Graceland Updates

1.   Some analysts claim the US dollar “looks strong” and could be set for a “big rally”.  Is there merit in this thinking? 

2.   For some insight into the matter, please click here now: https://galacticupdates.com/wp-content/uploads/2021/10/2021oc26dollar1.png Double-click to enlarge this long-term dollar index chart.  Dollar bugs may sound enthusiastic, but the dollar’s performance on this long-term fiat versus fiat chart is quite frankly… pathetic.

3.   Over the past 50 years or so, the dollar has made no sustained gains against the other major fiat currencies of the world.

4.   The other fiats have also done little or nothing versus the dollar.  The bottom line: 

5.   Watching the dollar, the euro, and other government fiat currencies in action is like watching wet paint that never dries.  

6.   Please click here now: https://galacticupdates.com/wp-content/uploads/2021/10/2021oc26dollar2.png  Double-click to enlarge this horrifying dollar versus bitcoin chart.  Government money enthusiasts may get an “A” grade for effort, but it’s clear they get a “Z” for performance.  Why is that?

7.   Well, the “pillars” of government money are unlimited supply, debt, extortion, and propaganda.  The failure of these pillars is obvious on any government money versus private money chart.

8.   Please click here now: https://galacticupdates.com/wp-content/uploads/2021/10/2021oc26dollar3.png Double-click to enlarge.  On this dollar versus “ultimate money” gold chart, there’s a huge bear flag in play, with ominous implications for all fiat currencies.

9.   Please click here now: https://galacticupdates.com/wp-content/uploads/2021/10/2021oc26hyper.png While Jay Powell promises that inflation will be as transitory as his stock trades, more and more heavyweight business owners have concerns, and in the case of some… these concerns are enormous.

10.        Please click here now: https://galacticupdates.com/wp-content/uploads/2021/10/2021oct26inflation2.png Infighting amongst democrat party members has begun, and it looks set to intensify if the ramp-up in prices does not stop soon.

11.        The inflation numbers in reports issued by the US government are beginning to look ridiculous, especially when compared to the “boots on the ground” experiences of regular citizens.

12.        Investor tactics?  Please click here now: https://galacticupdates.com/wp-content/uploads/2021/10/2021oct26goau1.png Double-click to enlarge this spectacular GOAU ETF weekly chart.  For hardcore investors who are heavily invested, the best tactic may be to simply pour a glass of fine wine or mineral water… then sit back and enjoy the show! 

13.        Note the bull wedge I’ve annotated on the GOAU chart with dotted blue trendlines.

14.        I’ve issued a significant buy alert for GOAU, based largely on the scenario of gold bullion making an enormous right shoulder low on the weekly chart. 

15.        On that note, please click here now:  https://galacticupdates.com/wp-content/uploads/2021/10/2021oct26biggold1.png Double-click to enlarge this incredible long-term gold bullion chart.  Gold looks ready to begin a charge to the $2000 neckline area, enroute to the $3000 target zone!

16.        Fundamentals?  Indian demand is growing steadily again, Chinese demand is decent, and Western inflation concerns are rising rapidly.  The bottom line:

17.        All lights are green, for right shoulder blast off.

18.        Please click here now: https://galacticupdates.com/wp-content/uploads/2021/10/2021oc26goau2.png Double-click to enlarge this daily GOAU chart.  The current minor trend rally is incredibly strong and looks set to extend to the $20 area, and here’s the great news:

19.        This price action is perfectly in sync with the action on the weekly gold bullion and GOAU charts.

20.        The fiat bonfire and gold/silver price surge is going to be exciting and profitable for both junior and senior mining stock enthusiasts. 

21.        Next, please click here now: https://galacticupdates.com/wp-content/uploads/2021/10/2021oc26goau3.png Double-click to enlarge this daily GOAU versus Dow chart.  There’s a trend channel breakout in play and a large inverse H&S bottom pattern may be forming as well.

22.        I’ve suggested that America is at a time like the year 1966, when the stock market entered a kind of financial gulag, and the miners went ballistic for a decade. 

23.        India may be at a time like 1880s America, and the citizens there are even more gold-oriented than America was then, with an exponentially larger population. 

24.        As noted, the main tactic for gold bugs now is to simply be seated with a smile… and get ready to enjoy what promises to be a very inflationary rocket ride!

Special Offer For Website Readers:  Please send me an Email to [email protected] and I’ll send you my free “Bull Flags Of Golden Glory!” report.  I highlight key junior and intermediate miners that are showcasing potential bull flag patterns.  Key tactics for eager investors are included in the report!

Thanks!    

Cheers

St

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.

Risks, Disclaimers, Legal

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:  

Are You Prepared?