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 expiry day for gold options. I’ve suggested that gold is unlikely to begin a trending move until options on the June COMEX contract expire.
Gold continues to trade sideways. The next trending move may be decided by an important economic report. Janet Yellen is scheduled to speak at Yankee Stadium tomorrow morning, and the FOMC minutes will be released a few hours later.
Many bank economists believe second quarter GDP growth in the United States will be about four percent. This daily Dow chart shows that a modest upside breakout to new highs occurred on Monday.
Western bank economists continue to make very bold and aggressive statements about lower gold prices in 2014, based on stronger growth in America.
This could be a breathtaking week for gold investors around the world. A huge number of key financial reports and meetings are scheduled, and any one of them is probably capable of moving the gold price quite significantly.
In many countries, inflation is beginning to creep higher. Please click here now. That’s the Australia CPI (Consumer Price Index), courtesy of Trading Economics. The next report will be released today. Note the recent jump in prices....
As gold traded in the $1310 area a week ago, I said, “The door of possibility is now open to some further strength, with a short term target of about $1320 -$1325.”
A week ago, gold had fallen to about $1277, and many investors and analysts turned bearish there. In contrast, I suggested that the Western gold community should focus on the potential for immediate upside price action.
"Too many people know firsthand how devastating it is to lose a job at which you had succeeded and be unable to find another; to run through your savings and even lose your home." –Janet Yellen, March 31, 2014. I’ve predicted that...
There are very few price areas where risk capital can be invested in gold, with a reasonable degree of confidence that a “significant low point” will be established there.
