Feeling negative about gold and silver?
Join the club. According to Stewart Thomson below (ST as he’s known), he can’t remember a time when the Western gold community morale was much lower than it is now. There certainly isn’t much buying going on from what we’re personally seeing and reports from major Western mints also reflect this.
But – somewhat counterintuitively – this isn’t generally where prices go lower from, but rather move higher. And ST outlines how there are a number of both technical (price and chart related) and fundamental news items currently that could move gold higher from here.
We thought this was well worth reposting for 2 reasons:
1) Stewart Thomson doesn’t have his newsletter available to the public for free very often.
2) We haven’t heard him this bullish sounding for a long while. If anything he is usually sitting on the fence or even preparing his readers for lower prices. So this issue might well be worth paying attention to in the long run…
By Stewart Thomson
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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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