Brief Update – Stocks and Gold

Posted by Peter Grandich -

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U.S. Stock Market – The “Don’t Worry, Be Happy” crowd’s last stand is in danger of being broken to the downside. (There’s still a possibility of a right shoulder formation, so watch carefully).  As good as they are with hype (just watch CNBC-TV if you don’t believe me), I don’t believe even they can spin the very bearish technical signal we would get if and when key support noted here is broken. Stay tuned.


Gold – The “mother” of all secular bull markets continues in gold. For the umpteenth time the perma-bears, weak-kneed bulls and many in the media who don’t like gold (and/or the people who embrace it) have given us a pause that refreshes with their “gold is a bubble” or “gold has topped out” cries.

… about Peter’s Q & A with Rodinia Minerals New Executive Chairman HERE

…..all Peter’s articles HERE


On Major Moves, Peter Grandich has been very right and not only saved many investors fortunes, but expanded them dramatically. On November 3, 2007 at the MoneyTalks Survival Conference, Peter Grandich of the Grandich Letter warned that “an unprecedented economic tsunami will hit American beginning in 2008”.   Peter advised publicly to short the US market two days from the top in October, 2007 and stayed short until the last week of October, 2008. He began to buy stocks in March 7th,  2009. He also bought oil and oil related investments near the lows after the dive from $147.