Debt Endgame And Gold Bull Era
By: Stewart Thomson
GoldSeek.com
Tuesday, 4 April 2017
1. The spectacular price action of gold within what I’ve dubbed the “Uptrend of Champions” continues to be impressive. I’ve suggested that the rally is poised to accelerate, and that’s clearly in play.
2. Please click here now. Double-click to enlarge.
3. Gold is poised to surge through the minor $1270 area highs and race to my $1315 target.
4. All lights are green for gold, and for silver the lights are even greener. Please click here now. Double-click to enlarge.
5. I think the caption on that chart says all that any silver investor needs to know right now. There’s a beautiful symmetrical triangle pattern in play. While the bears are probably sleeping this morning, silver is attempting an upside breakout!
6. I would ask the entire Western precious metals community to think hard about how positive most institutional analysts are about gold right now. There’s a reason for their confidence, and for their very positive liquidity flows into the precious metals sector:
7. Fundamentally, gold is being powered higher by excellent demand in India (the world’s biggest wedding season is in play), institutional investor concerns about the US debt ceiling (the next deadline is April 28), strong growth in China, and by the populism wave that is sweeping through most of the Western world.
8. That wave of populism is lead by the charismatic leader of America, Donald “The Golden Trumpster” Trump. The Golden Trumpster has differentiated himself from other politicians by attempting to do things he said he would do…after being elected.
9. Most Trump fans are focused on his charisma and his purported ability to overcome the peaking business cycle with tax cuts for ageing Americans who currently can’t afford a $1000 trip to the hospital emergency room.
10. To put it mildly, I’m a bit skeptical about that, but I’m very interested in his campaign promises to make US government debt creditors take a “haircut”. I’m also focused on his clear commitment to a lower US dollar.
The Rest…HERE
