A Golden Ides Of March

The US government is now using hard-earned taxpayer money to gamble on penny crypto coins like XRP and Cardano, while refusing to mark the Treasury’s gold even a dollar higher than the stone age level of $42… let alone mark it to the current market price.

A huge H&S top is in play on this weekly XRP chart. The government’s silly penny coin gamble looks like one that is about to turn very bad for the taxpayers being forced to fund it.   

Speaking of H&S top patterns:

Nvidia is now in the Dow, and it also appears to be building a huge top pattern. Note that the key RSI oscillator is not confirming the recent new highs.

Singapore is suddenly a huge source of revenue for Nvidia, and there are concerns that the company may be selling its chips to Chinese AI enterprises on the black market.  

If the Nvidia news gets worse and the stock becomes an Enron 2.0 accounting nightmare, it could be a death knell for the entire US stock market!

The “omnipotent” Dow shows a battle of the bulls and bears that is nearing a critical point. There’s a loose inverse H&S pattern that favours the bulls, and a double top that favours the bears but…

Even if the bulls win, that would only make the US stock market even more outrageously overvalued than it already is, increasing the odds of a 1929-style crash.

Given the US government’s obsession with adding tariff taxes to the onerous income taxes they extort from innocent citizens, some savvy analysts now wonder if the main reason for trying to “retake” the Panama Canal is to levy massive transit taxes on ships carrying products that are not made in America. 

Even if the US government doesn’t get control of the canal, all the other new taxes on consumers and businesses make “shipflation” set to emerge once again… and the BDRY ETF is in a key zone for buyers. The bad news is that the US government refuses to get rid of the horrific K1 form that taxpayers must submit for funds like this one. The good news is that if these funds are kept in an IRA, in almost all cases the investor is not required to file a K1 for their individual IRA holdings. 

Clearly, consumers are pulling back and growth is fading fast!  

The oil chart is layered with H&S bear continuation patterns, in sync with the Atlanta Fed’s dismal outlook for growth.

As the tariff tax madness intensifies, gold looks magnificent (which is not a surprise!). All investors should consider making it their main currency holding, or at least a big one.

This is obviously the greatest chart in the history of America. Most investors invest to get more fiat, which is fine… 

But they should use that fiat to get as much supreme currency gold as they can. 

This is the daily chart. After a rough 4% dip in the price, gold has turned up and is doing so with both Stochastics (14,7,7 series) and RSI sitting near their momentum “launchpad” zones of 50. The bulls are in charge!

A daily focus on the big picture is critical for investors as inflation, tariffs, the 2021-2025 war cycle, a wildly overvalued stock market, debt ceiling horror, empire transition, and potential gold revaluation 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!

The world’s most savvy gold money accumulators are of course the citizens of India, and as gold marches relentlessly higher against all fiat currencies of the world, Indians are enjoying one of their biggest wealth increases of the past 20 years.

The recent gold price dip has seen some light buying from these “titans of ton”, and as they bought, I urged aggressive gold stock bugs in the West to do some buying too.

For a look at the GDX daily chart and some key buy zones:

Stochastics is almost oversold, and RSI is looping up in the momentum zone of 50.

There’s also loose inverse H&S action all over the chart… a positive sign for the bulls.

The US jobs report on Friday could see a pause in the new rally, but I’m expecting next week’s key CPI and PPI inflation reports to show more inflation than money managers expect. These money managers are becoming more concerned about inflation than about the fact that COMEX gold contracts pay no interest, and they are starting to show real interest in the miners.

Coupled with the concerning GDP forecast from the Atlanta Fed, the disturbing new buzz phrase for most American citizens could soon be, “Makin’ Stagflation Great!”. That growing theme is going to generate even more institutional interest in mining stocks.

The government argues that tariffs won’t increase inflation, and that’s partially correct. The tariffs weigh on discretionary goods spending and those prices can drop... along with corporate earnings. That’s not the case for necessities where demand is inelastic. In a nutshell, prices will rise significantly for the items people need to survive and fall for everything else, and it likely happens as the stock market careens off a dramatically overvalued cliff… into a tariff taxed abyss.

The stunning gold stocks (GDX) versus gold monthly chart. Note the bullish posture of the Stochastics oscillator (14,3,3 series). It’s rising from the momentum zone at the bottom of the chart. That’s bullish. I’ll dare to suggest that a “Golden Ides of March” approaches, and the only question for gold stock investors may be… are they ready to enjoy what could be the biggest rally of the year!

Thanks!

Cheers

St

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Stewart Thomson

Galactic Updates

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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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