Gold $2025: Buyers Now Can Thrive

There are many reasons to own lots of gold and silver (and mining stocks). De-dollarization, stagflation, empire transition, rampant debt, etc. The list is substantial.

These are fundamental drivers of the gold price for the long term… meaning not just years or decades, but for hundreds of years.

Unfortunately, reasons to hold gold are not quite the same as reasons to buy it at the present time.

Double-click to enlarge this key weekly gold chart.  

As a rough rule of thumb, gold should be sporting a $100/oz to $300/oz price sale before investors buy.

That’s in play now. Gold has dipped from about $2080 to about $2032… roughly a $150/oz price sale.

Oscillators like RSI and Stochastics are also important. On a price sale, RSI should move down to at least 50, and preferably lower. Stochastics (the 14,5,5 series on the weekly chart) should be closer to the 20 zone, although on rare occasions a dip to 50 is enough.

Sentiment is also important. For a look at it basis the BPGDM,

Double-click to enlarge. Another rule of thumb is that ETFs like GDX and GDXJ (and their individual component stocks) are in a sentiment buy zone when the BPGDM is about 30 or lower, and they are in a sell zone when the BPGDM is 70 or higher.

The BPGDM sentiment index is not a standalone item; I use it in conjunction with oscillators and a measurable price sale.

Also, gold usually begins its rallies from a price that is very close to, or at, a key support zone. Currently, that support zone is $1960 ($1950 on a line chart).  

For a look at the short-term gold price action in this zone,

An interesting double-headed inverse H&S pattern is in play. 

The neckline of the pattern is at about $1985, and the target is $2025. Tuesdays are often soft days for gold, but not always! If the pattern plays out, gold, silver, and most miners should have a significant rally.

What about the dollar and interest rates? Well, for a look at the dollar,

Double-click to enlarge. In the short term, the dollar looks vulnerable and that’s good news for gold and for its potential surge to $2025.

For a look at US interest rates,

Double-click to enlarge. Interest rates also look vulnerable here, and that too is good for gold.

While the Friday jobs report showed a big surge in new US jobs, it also showed a rise in the unemployment rate.

Yesterday’s ISM services report came in “worse than expected”, and many analysts believe that with the mixed jobs report, the Fed will officially pause its rate hikes next Wednesday. 

Investor tactics? Well, my gold $2025 target looks increasingly likely to happen. All metal bugs should be cheering for much higher prices! 

A daily focus on the big picture is critical for investors as inflation, recession, the 2021-2025 war cycle, a wildly overvalued stock market, debt ceiling horror, and empire transition dominate the investing landscape. I cover this big picture 5-6 times a week in my flagship Galactic Updates newsletter. At $199/year, investors feel the price is too low, but I’m offering a $179/15mths “special offer” that investors can use to get in on the winning action and meticulous analysis. Click this link to get the offer or send me an email and I’ll get you a payment link.  Thanks!

As far as actual buying goes, well,

Double-click to enlarge. A lot of gold stocks show high potential reward and low real risk entry opportunities right now.

Basis GDX, a price just below the late May low of $30.11 offers a fabulous place for aggressive players to buy now and place a stoploss there. More gold stock can also be bought as close to that $30.11 price as possible.

The 14,7,7 Stochastics oscillator looks fantastic; there’s a crossover buy signal and the lead line has moved above the 20 zone.

What about the silver miners? While there’s an industrial component to silver and growth is slowing in the West, a rate hike pause would likely turn the bears into bulls.

Double-click to enlarge this enticing SIL silver stocks ETF chart. While conservative investors may wish to wait for a future opportunity where weekly chart oscillators are oversold and BPGDM sentiment is closer to 30, aggressive players should consider buying right here and now!

Partial SIL profits can be booked at $29, $31, and $33. A Fed pause could create a sharp sell-off in the dollar and a significant bond market rally. Gold and silver would surge, and what rhymes with SIL could suddenly be… a very high-priced mining stock thrill!

Thanks!

Cheers

St

Special Offer For Gold-Eagle Readers: Please send me an Email to [email protected] and I’ll send you my free “Get Jacked With J!” report. I highlight key GDXJ stocks that could surge after Fed man Jay’s speech this week! Both core and trading position tactics are included in the report.

Stewart Thomson

Galactic Updates

Note: We are privacy oriented. We accept cheques, credit card, and if needed, PayPal.

Written between 4am-7am. 5-6 issues per week. Emailed at aprox 9am dailyhttps://www.gracelandupdates.com/

https://gracelandjuniors.com

www.guswinger.com

Email:

[email protected]

[email protected]

[email protected]

Rate Sheet (us funds):

Lifetime: $1299

2yr: $299 (over 500 issues)

1yr: $199 (over 250 issues)

6 mths: $129 (over 125 issues)

To pay by credit card/paypal, please click this link:

https://gracelandupdates.com/subscribe-pp/

To pay by cheque, make cheque payable to “Stewart Thomson”

Mail to:

Stewart Thomson / 1276 Lakeview Drive / Oakville, Ontario L6H 2M8 Canada

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?

********