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
For the past few weeks I’ve suggested that a modest US dollar rally against the yen (and thus gold) was due…and now it’s here! The dollar’s right shoulder rally fits with the US senate’s decision to finally pass some corporate tax cuts....
The big picture for gold continues to strengthen. In 2016 gold began the year at about $1100, soared $300 an ounce to about $1400, but then it gave back about $250, and ended the year at about $1150 with only a $50 gain.
Gold surged higher on Friday. Then it gave all the gains back yesterday. Looking beyond this short-term noise, gold is not an exciting market right now. What could make that change?
Without growth in Western gold ETF holdings, the “decent but not spectacular” demand from China and India is not strong enough to move the gold price higher.
The synergistic relationship between gold and economic growth is quite healthy, and poised to become even more healthy in 2018 – 2019.
I’ve suggested that investors may need to look beyond the Head & Shoulders Top formations that recently appeared on bullion and many precious metal stocks.
“The Federal Reserve and other central banks have piled up huge reserves. But there is no inflation because the money is sitting within the banks and they are not lending it. Therefore, you don’t get a multiplier effect.” -Pierre Lassonde...
Gold’s recent rally from the $1268 area lows has stalled, and the reasons for that are both fundamental and technical.
The traditional post jobs report rally for gold is in full swing. This is the daily gold chart. Gold arrived at a key Fibonacci line at about $1268 as the US jobs report was released.
Since I issued my “book profits now” call for gold several weeks ago, the price has declined relentlessly from the $1360 area high. Investors want to know if I see signs that a fresh rally could begin. The good news is that gold/silver...
