A move through $30 could see silver shoot to $40, and perhaps to $50!
Feb 2, 2021
1. While gold feels solid and good news is appearing, silver and bitcoin continue to be the private money world’s brightest lights.
2. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2gold1.png Double-click to enlarge this short-term gold chart. If gold trades above $1875, the rally will gain more momentum.
3. There is also a small inverse H&S bottom pattern on the chart, which is positive.
4. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2bigleagues1.png A significant import duty cut was announced for both gold and silver in India yesterday.
5. That should put a major floor under the gold price and open the door to a test of the $2089 high.
6. There is more good news for gold investors. To view it, please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2goldplaza1.png The Chinese government wants the yuan higher and the dollar lower. US president Biden seems to want that too.
7. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2gold2.png Double-click to enlarge. The big picture for gold investors is all about buying into $1767 and selling into $2089.
8. A buy signal for my key weekly chart 5,15 moving average series would be positive, as would a fresh 14,5,5 Stochastics series buy signal.
9. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2better1.png Double-click to enlarge this spectacular bitcoin chart.
10. Sadly, most US citizens appear to be “election bugs” more than private money metal or bitcoin bugs. They wasted a lot of time fighting over which fiat-oriented president should be elected, rather than buying bitcoin (and silver) at the key price zones I highlighted for them.
11. The simple fact is that at a price of $35,000, bitcoin is 35 thousand times better than the dollar!
12. I suggest investors think hard about that fact. It’s a great way to look at the bitcoin private money light, as it shines brightly for savvy investors.
13. My crypto focus is now more on the skyrocketing alt coins. Investors who are interested in this incredible asset class can take immediate wealth building action with my https://gublockchain.com newsletter.
14. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2silver1.png Double-click to enlarge this “bright silver lights” chart.
15. While traders had to be sellers yesterday, investors with no silver, and who failed to buy at my latest key buy zone of gold $1788…
16. They need to get some silver on the table right now. Silver is a major asset. It is one of the big three private currencies, along with gold and bitcoin.
17. A move through $30 could see silver shoot to $40, and perhaps to $50!
18. Investors who want to participate in short-term trading could check out my https://guswinger.com newsletter, where we just booked large profits on the leveraged silver AGQ-NYSE ETF.
19. What about the gold stocks? Well, please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2goau.png Double-click to enlarge this weekly GOAU chart. The $18 area is an enormous support zone and the 14,5,5 Stochastics oscillator is significantly oversold.
20. A move above the 20 line for Stochastics on a crossover buy signal would probably be accompanied by an upside breakout over the downtrend line.
21. More “bump and grind” in the current price zone is likely, but investors with a long-term horizon should be accumulating GOAU and some of the component stocks right now.
22. The “Reddit Revolution” is likely going to feature back and forth action; the shorting funds and their US regulator enablers will strike back. Tuesdays seem to be a day when the metals temporarily meet their shorting fund maker, so to speak.
23. Many of these funds have deep pockets. They have significant credit lines with major banks. The bottom line: No revolution of size is bloodless, and gold and silver bugs should expect to bleed on the battlefield!
24. Regardless, investors should stay focused on government debt, potential inflation, and the rising gold-oriented empires of China and India. The shorting funds are obvious bullies. Having said that, the price dips created by their vile actions are great opportunities to buy positions, join the Reddit revolution, be a part of history, and… build significant wealth!
Special Offer For Website Readers: Please send me an Email to [email protected] and I’ll send you my free “Cream Of The ETFs Crop” report. I highlight key component stocks from the best ETFs, with a focus on key buy and sell action for the miners!
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 daily.
Rate Sheet (us funds):
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:
To pay by cheque, make cheque payable to “Stewart Thomson”
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?
View original article here Source