Stewart Thomson
President of Graceland Investment Management
Stewart Thomson is president of Graceland Investment Management (Cayman) Ltd. Stewart was a very good English literature student, which helped him develop a unique way of communicating his investment ideas. He developed the “PGEN”, which is a unique capital allocation program. It is designed to allow investors of any size to mimic the action of the banks. Stewart owns GU Trader, which is a unique gold futures/ETF trading service, which closes out all trades by 5pm each day. High net worth individuals around the world follow Stewart on a daily basis. Website: www.gracelandupdates.com.
Stewart Thomson Articles
Today is options expiry day for gold. That’s almost certainly the reason for gold’s pullback today, after it staged a powerful rally yesterday. A pause in the price action is normal around these expiry events. The October options contract...
Several weeks ago, I surprised most investors by issuing my “Book Profits Now!” call for the precious metals asset class. When I did so, head and shoulders top formations immediately formed on gold and GDX, and prices have swooned.
It’s not easy to build wealth in any asset class. It’s even more difficult to retain it. This is the short-term gold chart. Over the past week or two, my wealth building mantra has been, “Book profit now”. From a technical standpoint, the...
Gold has staged a fabulous rally from about $1220 to $1245. Using the December futures price chart, I’ve defined the $1300 - $1350 area as a spectacular profit booking opportunity for investors.
SPDR fund tonnage (GLD-NYSE) has recaptured the 800 ton mark, and rose to 814 yesterday. This is happening as a steady wave of institutional money managers embrace gold as an important portfolio component.
After rallying almost $100 an ounce from the July lows of about $1210 (basis December futures), gold is consolidating its gains.
Fundamentally, there isn’t much immediate time frame news from either the fear trade or the love trade. That’...
For gold to perform well against the US dollar, it needs to perform well against the Japanese yen. Since 2011 gold has traded sideways against the yen. Since 2013 it has been coiling in a very positive symmetrical triangle pattern.
Gold is consolidating the recent rally. That rally (basis December futures) moved the price from the $1210 area up to about $1280.
Gold has rallied more than $60 per ounce in the last few weeks. In the short term a new catalyst is needed to continue the rally, but the big picture looks fabulous.
Gold continues to flow from the West to the East at a pretty solid pace. The SPDR fund (GLD-NYSE) holdings have oozed down to just 809 tonnes…and done so while the price of gold has strengthened!
