Written by Stewart Thomson | 
| 
|
Graceland Updates 4am-7am
www.gracelandupdates.com [1]
www.gracelandjuniors.com [2]
Email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it. [3]
This e-mail address is being protected from spambots. You need JavaScript enabled to view it. [4]
Feb 7, 2012
1. While I may have a few minor concerns about the current emotional
state of some gold market investors, I have absolutely no concerns about
what I see on the gold chart. It’s a bullish work of art.
2. Still, if you want to drive from Los Angeles to New York, I think we
can all agree that you should consider stopping for gas, correct?
3. Well, the gold price needs to stop for financial gas on its trip
across “dollar country”, particularly when it has “driven” $240
uphill on the dollar price grid, and is preparing to blast above
_significant technical resistance. _
4. Click here now [5] to view the key daily gold chart. It’s a
picture of bullish beauty, and I have highlighted the enormous wedge
formation with two black trend lines.
5. It is normal, healthy, and _desirable_ for price to pull back to the
supply line of a wedge formation after the initial breakout to the
upside, and that is happening now.
6. After rising about $240 an ounce without a fuel stop, your gold
automobile has simply pulled into the financial gas station. The
attendant is filling your car with gas, checking the oil, and even
cleaning your golden windshield.
7. Sadly, many of you may be cursing the attendant this week, as he
does his job. In the gold world, there are great gas stations. The
service is impeccable, as shown by the gold chart.
8. Screaming at the attendant that you don’t need any gas to drive
all the way across the country is perhaps not the smartest move, but
it’s your call.
9. You don’t need to panic here at the gas station. Soon your gold
car will be happily on its way across dollar country once again.
10. Liquidating juniors stocks at huge losses into $1525 and then
rebuying them as gold soars into $1700-$1750 is the best way to get a
lifetime membership card in the price chasing country club. It’s also
an action that could impoverish you.
11. If the gold market is _manipulated_ then it is all the more
important not to engage in the action of chasing price. The banks
likely _are_ manipulating gold, and manipulating it _higher, _with
central bank buy programs.
12. The question of why some gold investors have felt significant
discomfort over the past few days is perhaps one that is better answered
in front of the mirror than by trying to see who can reach the loudest
decibel level while screaming that Friday’s jobs report is a fake one.
13. Silver fans should click here [6] now. You can see that price has
charged from about $26 to $34, and has now pulled into the financial gas
station for a rest and a fill-up, alongside the lead gold car.
14. I’d like to make a tiny suggestion at this point in time and
price. Try stretching your legs and grabbing a snack here at the gas
station, rather than screaming that you’re being manipulated to death.
15. For silver, HSR (horizontal support and resistance) sits on the buy
side at about $30, and it would be very healthy for silver to “fuel
up” at $30 or lower, before launching a run at the downtrend line in
the $36-$37 price area.
16. I would caution those who take chart patterns too literally that
this March silver contract has what could be technically construed as a
descending triangle formation, with an ultimate and horrifying target of
3 dollars an ounce.
17. While a fall from $26 to $3 seems totally impossible, you need to
be mentally and emotionally prepared to endure all price points on the
grid, if rather than a silver bug, you want to be known as Prince
Silver.
18. This is an epic crisis, and neither asset deflation nor asset
inflation is the theme. The theme of this crisis is _surprise_, and
therefore mental and emotional strength are your main tools for survival
and prosperity. The good ship “prediction” is a sinking one, and the
only question is, are you still on it?
19. The descending triangle pattern on silver does not suggest that
silver might fall down. It suggests that silver might go on sale. I
don’t think you will get the serious price sale suggested by the
triangle formation, even though gold and silver are now entering what is
seasonally the weakest time of the year.
20. Click here now [7] to view the scenario I think is more likely. The
weekly chart for silver doesn’t exhibit any kind of descending
triangle action, but instead shows a large drifting rectangle, with a
breakout to the upside as the likely outcome of the current $26-$50
range trade.
21. Click here now [8] for a shorter term view of the silver market,
covering about a month of trading. There have been four touchings of the
$33 HSR support on this chart, and a breach of that price point could
see silver go on sale at a price of about $30-31.
22. The bottom line is that you need silver to move lower after an $8
move to the upside, so that it can launch a serious assault on much
higher prices.
23. Running your silver car with limited fuel and maintenance is not
going to see you arrive at your targeted dollar destination. Hang out
with your gold buddies at the fuel station, but let the attendant do his
job, or he might just call the men in the white suits for you.
24. What is the scenario for gold stocks? Click here now [9] to let
the GDX fuel attendant do his job. There’s a number of wedge
formations apparent in the metals markets, including this one for GDX.
To blast over the downtrend line, price needs to “fuel up” after the
recent rally, and then rip upwards through the supply line. All is fine.
Grab a snack, then come back with your seat belt fastened!
SPECIAL OFFER FOR WEBSITE READERS: Send me an email to
This e-mail address is being protected from spambots. You need JavaScript enabled to view it. [10] and I’ll send you my free
“jobs reports 101” report! Learn what the big institutions really
care about in these reports, and how to make their liquidity flows work
for you!
Thanks!
_ _Cheers
St
Stewart Thomson [11]
Graceland Updates [12]
Written between 4am-7am. 5-6 issues per week. Emailed at aprox 9am
daily.
_ _
_WWW.GRACELANDUPDATES.COM_ [13]_ _
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it. [14]
_ _
MAIL TO:
STEWART THOMSON / 1276 LAKEVIEW DRIVE / OAKVILLE, ONTARIO L6H 2M8
CANADA
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 qualifed 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?
Links:
------
[1] http://r20.rs6.net/tn.jsp?llr=rv4uj6dab|+|amp|+|et=1103765099455|+|amp|+|s=0|+|amp|+|e=001hTTdHE6J6RAXgm4u09c-q75r9-hGbru-qwCuY5mgaURH7puxb1bnhD7fiaWL-QGrNLeCZk30oTCqmqK3PPZXOSSaALHk0603-Wn-l8e1fVdnOhFvC9CP9A==
[2] http://r20.rs6.net/tn.jsp?llr=rv4uj6dab|+|amp|+|et=1103765099455|+|amp|+|s=0|+|amp|+|e=001hTTdHE6J6RAXgm4u09c-q75r9-hGbru-qwCuY5mgaURH7puxb1bnhD7fiaWL-QGrNLeCZk30oTCqmqK3PPZXOSSaALHk0603b5nklMiP5QEAVta4oFOetQ==
[3] mailto: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
[4] mailto: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
[5] http://www.gracelandupdates.com/images/stories/feb12/2012feb7gold1.png
[6] http://www.gracelandupdates.com/images/stories/feb12/2012feb7si1.png
[7] http://www.gracelandupdates.com/images/stories/feb12/2012feb7si2.png
[8] http://www.gracelandupdates.com/images/stories/feb12/2012feb7si3.png
[9] http://www.gracelandupdates.com/images/stories/feb12/2012feb7gdx1.png
[10] mailto: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
[11] mailto: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
[12] http://www.gracelandupdates.com/
[13] http://www.gracelandupdates.com/
[14] mailto: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
www.gracelandupdates.com [1]
www.gracelandjuniors.com [2]
Email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it. [3]
This e-mail address is being protected from spambots. You need JavaScript enabled to view it. [4]
Feb 7, 2012
1. While I may have a few minor concerns about the current emotional
state of some gold market investors, I have absolutely no concerns about
what I see on the gold chart. It’s a bullish work of art.
2. Still, if you want to drive from Los Angeles to New York, I think we
can all agree that you should consider stopping for gas, correct?
3. Well, the gold price needs to stop for financial gas on its trip
across “dollar country”, particularly when it has “driven” $240
uphill on the dollar price grid, and is preparing to blast above
_significant technical resistance. _
4. Click here now [5] to view the key daily gold chart. It’s a
picture of bullish beauty, and I have highlighted the enormous wedge
formation with two black trend lines.
5. It is normal, healthy, and _desirable_ for price to pull back to the
supply line of a wedge formation after the initial breakout to the
upside, and that is happening now.
6. After rising about $240 an ounce without a fuel stop, your gold
automobile has simply pulled into the financial gas station. The
attendant is filling your car with gas, checking the oil, and even
cleaning your golden windshield.
7. Sadly, many of you may be cursing the attendant this week, as he
does his job. In the gold world, there are great gas stations. The
service is impeccable, as shown by the gold chart.
8. Screaming at the attendant that you don’t need any gas to drive
all the way across the country is perhaps not the smartest move, but
it’s your call.
9. You don’t need to panic here at the gas station. Soon your gold
car will be happily on its way across dollar country once again.
10. Liquidating juniors stocks at huge losses into $1525 and then
rebuying them as gold soars into $1700-$1750 is the best way to get a
lifetime membership card in the price chasing country club. It’s also
an action that could impoverish you.
11. If the gold market is _manipulated_ then it is all the more
important not to engage in the action of chasing price. The banks
likely _are_ manipulating gold, and manipulating it _higher, _with
central bank buy programs.
12. The question of why some gold investors have felt significant
discomfort over the past few days is perhaps one that is better answered
in front of the mirror than by trying to see who can reach the loudest
decibel level while screaming that Friday’s jobs report is a fake one.
13. Silver fans should click here [6] now. You can see that price has
charged from about $26 to $34, and has now pulled into the financial gas
station for a rest and a fill-up, alongside the lead gold car.
14. I’d like to make a tiny suggestion at this point in time and
price. Try stretching your legs and grabbing a snack here at the gas
station, rather than screaming that you’re being manipulated to death.
15. For silver, HSR (horizontal support and resistance) sits on the buy
side at about $30, and it would be very healthy for silver to “fuel
up” at $30 or lower, before launching a run at the downtrend line in
the $36-$37 price area.
16. I would caution those who take chart patterns too literally that
this March silver contract has what could be technically construed as a
descending triangle formation, with an ultimate and horrifying target of
3 dollars an ounce.
17. While a fall from $26 to $3 seems totally impossible, you need to
be mentally and emotionally prepared to endure all price points on the
grid, if rather than a silver bug, you want to be known as Prince
Silver.
18. This is an epic crisis, and neither asset deflation nor asset
inflation is the theme. The theme of this crisis is _surprise_, and
therefore mental and emotional strength are your main tools for survival
and prosperity. The good ship “prediction” is a sinking one, and the
only question is, are you still on it?
19. The descending triangle pattern on silver does not suggest that
silver might fall down. It suggests that silver might go on sale. I
don’t think you will get the serious price sale suggested by the
triangle formation, even though gold and silver are now entering what is
seasonally the weakest time of the year.
20. Click here now [7] to view the scenario I think is more likely. The
weekly chart for silver doesn’t exhibit any kind of descending
triangle action, but instead shows a large drifting rectangle, with a
breakout to the upside as the likely outcome of the current $26-$50
range trade.
21. Click here now [8] for a shorter term view of the silver market,
covering about a month of trading. There have been four touchings of the
$33 HSR support on this chart, and a breach of that price point could
see silver go on sale at a price of about $30-31.
22. The bottom line is that you need silver to move lower after an $8
move to the upside, so that it can launch a serious assault on much
higher prices.
23. Running your silver car with limited fuel and maintenance is not
going to see you arrive at your targeted dollar destination. Hang out
with your gold buddies at the fuel station, but let the attendant do his
job, or he might just call the men in the white suits for you.
24. What is the scenario for gold stocks? Click here now [9] to let
the GDX fuel attendant do his job. There’s a number of wedge
formations apparent in the metals markets, including this one for GDX.
To blast over the downtrend line, price needs to “fuel up” after the
recent rally, and then rip upwards through the supply line. All is fine.
Grab a snack, then come back with your seat belt fastened!
SPECIAL OFFER FOR WEBSITE READERS: Send me an email to
This e-mail address is being protected from spambots. You need JavaScript enabled to view it. [10] and I’ll send you my free
“jobs reports 101” report! Learn what the big institutions really
care about in these reports, and how to make their liquidity flows work
for you!
Thanks!
_ _Cheers
St
Stewart Thomson [11]
Graceland Updates [12]
Written between 4am-7am. 5-6 issues per week. Emailed at aprox 9am
daily.
_ _
_WWW.GRACELANDUPDATES.COM_ [13]_ _
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it. [14]
_ _
MAIL TO:
STEWART THOMSON / 1276 LAKEVIEW DRIVE / OAKVILLE, ONTARIO L6H 2M8
CANADA
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 qualifed 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?
Links:
------
[1] http://r20.rs6.net/tn.jsp?llr=rv4uj6dab|+|amp|+|et=1103765099455|+|amp|+|s=0|+|amp|+|e=001hTTdHE6J6RAXgm4u09c-q75r9-hGbru-qwCuY5mgaURH7puxb1bnhD7fiaWL-QGrNLeCZk30oTCqmqK3PPZXOSSaALHk0603-Wn-l8e1fVdnOhFvC9CP9A==
[2] http://r20.rs6.net/tn.jsp?llr=rv4uj6dab|+|amp|+|et=1103765099455|+|amp|+|s=0|+|amp|+|e=001hTTdHE6J6RAXgm4u09c-q75r9-hGbru-qwCuY5mgaURH7puxb1bnhD7fiaWL-QGrNLeCZk30oTCqmqK3PPZXOSSaALHk0603b5nklMiP5QEAVta4oFOetQ==
[3] mailto: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
[4] mailto: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
[5] http://www.gracelandupdates.com/images/stories/feb12/2012feb7gold1.png
[6] http://www.gracelandupdates.com/images/stories/feb12/2012feb7si1.png
[7] http://www.gracelandupdates.com/images/stories/feb12/2012feb7si2.png
[8] http://www.gracelandupdates.com/images/stories/feb12/2012feb7si3.png
[9] http://www.gracelandupdates.com/images/stories/feb12/2012feb7gdx1.png
[10] mailto: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
[11] mailto: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
[12] http://www.gracelandupdates.com/
[13] http://www.gracelandupdates.com/
[14] mailto: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.