Gold Stock Bulls Gore The Bears

Where are the populist government leaders who are cutting their outrageous government debts? 

The answer, unfortunately, is that they do not exist.

Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England’s citizens watch their Brexit turn into an overpriced wet noodle.

None of this fazes the world’s populist leaders.  They believe they alone can fix what debt broke… with more debt!

(Click on image to enlarge)

In the middle of all the mayhem and madness, the uncrowned queen of the world, gold bullion, sits cooler than a cucumber.  Gold is showcasing a nice steady uptrend on this medium-term price chart. 

Heavyweight analysts at JP Morgan, Goldman, Wells Fargo, and other big banks are bullish on gold now, but many amateur analysts and investors are worried (with some sounding outright terrified) that gold is going lower. 

This is a classic wall of worry rally, and I expect the upside price action to accelerate in January and February. 

There’s also a real possibility that Trump piles on more destructive tariffs by March.  If that happens, it would occur just as Chinese New Year gold buying really accelerates. 

In that scenario, gold could surge towards the key $1400 area and the US stock market would likely crash like it did in 1929.

(Click on image to enlarge)

Investors must keep their eye on the big picture, which is all about the growth of the Chindian love trade and the rise of inflation, especially in the West.

A new pillar of gold bullion demand could also emerge now that India’s populist leader (Modi) has essentially taken control of the nation’s central bank.  A fresh survey shows that 90% of Indian households see substantially higher inflation coming in 2019.  That survey was done before the nation’s top central banker resigned yesterday!

1 2 3
View single page >> |

Special Offer For Website Readers: Please send me an Email to freereports4@gracelandupdates.com and ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.