1. On the charts, both gold and the US stock market look set for some solid upside action.
2. A nice ascending triangle is in play for gold, and the target is the $5000-$5100 zone.
   
3. That’s a solid gain for gold investors who bought the price sale into the $4100 area, when I urged them to buy.  Excitingly, gold is still in a buy zone… even after this $400/oz surge from the low!
4. It’s possible that gold is building a huge continuation pattern… with a target zone of $7000+.
   

5. Also, note that MACD (20,40,10 series) is currently the most oversold in many years, as is Stochastics (14,7,7 series).  The same is true for the key RSI oscillator.
6. Some of the best buying opportunities for gold, silver, and mining stocks occur when both the Dow and gold are at significant levels of support.
   
7. Like gold, the oscillators for the Dow are oversold and the 45,000 level is very solid support.
8. In a technical analysis nutshell, gold is the rocket on the launch pad, and the US stock market is the booster for the rocket!
9. What about the fundamentals?
   
   The US government is trying to talk the market up.  It’s a lot easier to do that when the Dow is at a big zone of support… like it is today.
10. It’s unknown whether there will be a US-Iran deal, let alone soon, but one is certainly needed.  Oil executives feel that if Hormuz isn’t opened, it could only be a few more weeks before the supply shortages hitting most Asian citizens would hit citizens in the West in a similar way.
11. There is “big league” head and shouldering action, and the target zone could be $245.
    
12.  Interestingly, the US central bank appears to be downplaying the debt-funded war and fast-developing stagflation.
    
13. Truckers are being impaled by rising fuel costs and some are already going broke.
    
14.  Airlines are hiking fees, Hormuz crossings have dropped from 150 ships a day to about 5, and yet Fed boss Jay acts like everything is fantastic.
15.  The stock market is likely poised to soar to a fresh high, and oil would likely drop to $80-$70 as that occurs but…
16. From there, Western money managers will likely learn the hard way that soaring oil prices, stagflation, outrageous debt, and war are no longer the big sell signals for gold they once appeared to be.
17. A daily focus on the big picture is critical for investors as inflation, tariffs, war, a wildly overvalued stock market, debt ceiling horror, and empire transition dominate the investing landscape.  I cover this big picture 5-6 times a week in my flagship Galactic Updates newsletter.  At $199/year, investors feel the price is too low, but I’m doing a $179/15mths “special offer” this week that investors can use to get in on the winning action and meticulous analysis.  Click this link to get the offer or send me an email and I’ll get you a payment link.  Thanks!
18. 
    Double-click to enlarge this “March To Hades” chart for US fiat versus gold.
19. Mainstream media likes to portray gold as a kind of risky stock that investors can buy to make “big fiat profits” on occasion.
20. Currency market reality is the opposite of how it is portrayed.  Hardcore gold bugs know that gold is the superior currency, so it’s fiat that should be used to make “gold money profits” and investors should book those profits… by getting more gold.
21. Miners?  Double-click to enlarge this spectacular GDX daily chart, a “chart of the year” candidate.
22. The bottom line is that a technical trifecta is in play.  The Dow, gold, and GDX are all hitting support with oscillators showcasing buy signals… at the same time.
23. This GDX chart is best described as… pristine.
24.  Momentum players can be eager buyers today.  I’m a US stock market buyer (in tiny size), a gold buyer, a silver buyer, and a mine stock buyer, in “meatier” size.  I invite gold bugs of the world to say good-bye to some of their fiat, and engage in some wonderful buy-side fun!

Special Offer For Website Readers: Please send me an Email to freereports@galacticupdates.com and I’ll send you my free “CDNX Juniors Trifecta!” report.  I highlight junior gold, silver, and energy stocks poised to surge from this key buy zone. Solid risk management tactics are included in the report!

Thanks!    Cheers

Stewart Thomson  Galactic Updates

“I RECOMMEND YOU PANIC – EVERYTHING IS BURNING!”  Durrett warns our lifestyle is about to get RUG PULLED, & ONLY GOLD, SILVER, & the MINING SHARES WILL PROTECT YOU FROM WHAT’S COMING!