GU TABLE OF CHAMPIONS:
Gold $100 Price Sale Buy Points (cash mkt): $1650, $1550, $1450.
HSR = Horizontal Support/Resistance
TSR = Trend Line Support/Resistance
MSI = Main Street Inflation.
Gold major size buy-side HSR: $1378-$1350
Sell-side HSR major size: $1900
Gold intermediate size buy-side HSR: $1550, $1450.
Sell-side HSR intermediate size: $1750.
Silver: Buy & sell silver at gold HSR.
Gold Stocks: Buy & sell gold stocks at gold HSR.
Uranium (U.to) buy-side HSR: $4, $3.50 Sell-side: $5.50, $8, $9.40
US Dow buy-side: 18,200, 15,500, 14,200. Sell: 27,000, 30,000.
Bombay BSE major buy-side HSR: 21,200. Sell-side: 30,000.
Indian “Dow” INDA-NYSE buy-side: $31, $29, $26, $23, $20, $19.
Indian “Dow” INDA-NYSE sell-side: $33, $48, $68, $95.
Chinese “Dow” FXI-NYSE buy-side: $38, $34
Sell-side: $44, $50, $605
SPIDER MAN (SPDR GOLD FUND GLD-NYSE) Tonnage: 1178
IAU ISHARES GOLD FUND (IAU-NYSE) Tonnage: 454
SPDR SILVER FUND (SLV-NYSE) Aprox Tonnage: 15.3k
Next CRIMEX Gold Option Expiry Scams: Jul 28, Nov 24, Dec 24
Next FOMC Scams: Sep 16, Dec 16
Next RBI Scams:
Next BOJ Scams: June 16
Full Moons (for those who are interested): July 5, Aug 3
Next US Jobs Report Scams: 830am July 2, Aug 7
Estimated Next SAFE gold reserves report: July 10
Chinese Holidays: Jan 25-Feb 11 (Chinese New Year 2020)
PGEN: Pyramid Generator (Systematic Capital Allocation)
US Stock Market Crash Season: Aug 1 - Oct 31.
IRS and the Fed: Mafias that empower government size growth, debt growth, and ruin citizen lives.
The gold bull era: China. India. The banksters. YOU.
Gold’s International Anthem: https://youtu.be/zxSTzSEiZ2c
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GU PGEN MARINES DAILY UPDATE
June 30, 2020
- Investors ignore cycles… at their peril. When I calmly suggested that a key virus cycle year of 2020 would see a “carpet bombing” of markets, most investors were not listening to the cyclical message of the markets.
- Sadly, they were wasting time watching the government try to rebuild the American empire with Fed photocopiers, FATCA thugs, more government spending, no savings for a rainy day, and no serious defensive preparation against germ or physical warfare.
- I suggested that approach would fail badly, and of course it did.
- Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2020/06/2020jun30stkmkt1.png Double-click to enlarge this US stock market chart. I’m now suggesting that the 2021 “year of the war cycle” could see an even more ominous carpet bombing of America. I expect the bombing to hit many other nations, like the virus did.
- Having said that, my base case is for the Dow to rally to major new highs first. While almost half of America’s citizens have no job and GDP has cratered, the extensive use (albeit waning) of the US dollar in global financial transactions allows Fed money printing to push stock and bond markets higher.
- What about inflation? Well, money printing inflates what it is aimed it. If money is electronically printed and poured into stock, bond, and real estate markets, that’s what gets inflated.
- As the rich versus poor net worth and income spreads widen dramatically, social unrest usually begins, and of course that’s in play now on the streets of America.
- The government will eventually demand the Fed aim much more of its printed money at Main Street, rather than just at the rich. That’s when serious inflation can happen.
- Also, most institutional money managers are still heavily invested in the stock market. Until they leave the and the public is left “holding the bag”, the Fed is likely to aggressively print money to support stocks.
- Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2020/06/2020jun30cycle1.jpg The global winds of war have been blowing, and the windspeed is intensifying.
- The period of 2021-2022 should see significant war occur (both physical and cyber). I’m predicting this war will happen not just in faraway lands like Syria and Iraq, but on the streets of America.
- Once the US election is over, a clearer picture of what lies ahead should emerge. It’s important for investors to be patient and to prepare for all scenarios.
- Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2020/06/2020jun30gold1.png Double-click to enlarge this weekly gold chart. Gold has broken out of a flag pattern, but a right shoulder could still form. That could happen now, or from higher prices.
- If there is no upside thrust above $1800 within the next 14 days or so, the flag pattern will like morph into a right shoulder.
- That technical action would be in sync with the time needed to get clarity on fundamentals from the US election.
- Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2020/06/2020jun30si1.jpg Double-click to enlarge this daily silver chart. Silver rallied to my TSR (trendline support and resistance) pause point, and the pause continues.
- Both gold and silver are showing strength and solid technical action in their respective resistance zones, but that doesn’t mean that a major upside breakout is imminent.
- As noted, for that, investors should really look towards the aftermath of the US election and the start of the strong physical demand season for gold.
- The Fed isn’t going to be keen to see the stock market collapse this “crash season” (Sept/Oct). That would make the incumbent administration look very bad right in front of the election.
- I believe the Fed will work very hard to ensure that doesn’t happen, and to ensure there’s no appearance of a party bias for the election.
- Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2020/06/2020jun30gold2.jpg Double-click to enlarge this daily gold chart. Some analysts have noted a bearish “non-confirmation” between gold and gold stocks, with spot gold (cash market bullion) rallying above its April high, while GDX has not done so.
- I beg to differ. On this futures chart, gold has not taken out its April high, but key gold stocks have done so, with gusto, and that’s bullish.
- Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2020/06/2020jun30gdx1.jpg Double-click to enlarge. Like gold and silver bullion, the technical action for GDX and associated miners looks solid, and it feels solid too!
- Gridtime! With Barrick closing over $26 and GDX closing above $35, I only need to see Newmont close above $60 to get more excited. If gold grinds sideways in the $1700-$1900 until the election, I expect gold stocks to grind sideways too, but with an upwards bias. After the election, I expect a “mighty blast” higher for GDX, reaching my $52 area target zone, by the springtime of 2021! Gold man Hugh Hendry is in the news, calling for US currency deval, but, sadly, Hugh brags that he wants a deval against other fiat rather than against gold. What’s needed is Creep State devaluation, not citizen purchasing power devaluation against the rest of the world. Govt and the Fed need to be made vastly smaller, and rather than using magic deval tricks to temporarily reduce Gman debt, the Gman needs to get his face punched in by the elimination of the income tax extortion racket he uses to pillage citizens. His budget should be 70% smaller than it is. Magic tricks instead of small govt size and no debt only bring worse meltdowns in the years ahead. Regardless, a US deval could be positive for gold, but YOU should not own gold because deval is supposedly coming or not coming. You should own it because it’s the ultimate asset and regardless of what schemes and dreams the global Creep State has now, all they are going to do is save nothing, get bigger, borrow and print until the cows come home, and call it all their grand people helper play. Please click here now: https://www.cnbc.com/2020/06/30/new-strain-of-flu-in-china-has-pandemic-potential-scientists-warns.html Does General Corona have a twin brother who is getting ready to fly to America, to join the fun? Virus cycle year 2020 is only half over. If YOU were waving a Gman’s red debt worship hat at General Corona in late 2019 instead of a hazmat, while pushing your stock market price chase buttons with devoid-of-IQ gusto, perhaps today is not the day to brag that its Virus War mission accomplished? Perhaps today is not the day to shout from rooftops that your debt-infested Gmen are about to create unlimited Happy Days for you, for the rest of time? My suggestion is to use today to get sworn in as a real gold bug, so you enjoy every moment on the ultimate asset gridlines. I gave Junior PGEN Marines the first CDNX green light buy signal in two years yesterday, and “the deal gets sealed” with a Friday close over 600 for CDNX. One of you notes powerhouse institutional buying into a key Aussie miner, and I’ll cover that in tomorrow’s Aussie night and Knight update. Let’s race to the golden gridlines now. I’ll see you there!