The US stock market continues to implode. At the same time, precious metals, bitcoin, and the Indian stock market are acting as superb safe havens.

Double-click to enlarge this great short-term gold chart.

Note the positive bounce from buy-side support at $1237 and the inverse H&S bottom pattern. A fresh rate hike from the Fed tomorrow could crush the stock market again, but if there’s no rate hike, that could also crash the stock market.

That’s because money managers would believe the Fed thinks the supposed “world growth leader” economy is too weak to handle even a 2.5% Fed funds rate!

This Fed meeting could be an important catalyst that makes institutional money managers start to get serious about viewing gold as a respected asset class… that is here to stay.

While an overdue import duty cut remains elusive, the citizens of India (and China) are the clear leaders in the quest to make gold the world’s most respected asset class.

On the government side, the Chinese government has been a leader in building gold market infrastructure to move price discovery from the dingy trading rooms of the Western fear trade to the more positive love trade environment of the East.

The Indian government is beginning to play “catch-up”, and that’s very good news for gold investors around the world.

There are currently about 400 million Indians who have internet access, and that is expected to double to 800 million quite quickly.

The World Gold Council (WGC) estimates that 3 million Indians buy gold online, and they predict that number will soon quintuple to 15 million!

In 2014 I predicted a “gold bull era” was being born and it would be founded on a gargantuan ramp-up in Chindian online gold demand.  

Indians can already get physical delivery from most of the online platforms when total purchases reach just one gram of online-purchased gold.

Warren Buffett is buying into one of the platforms (Paytm). This man is an elephant hunter! 

Double-click to enlarge this magnificent big picture gold chart.

An almost surreal array of positive love trade and inflation trade price drivers are converging at the same time. 

This is happening as gold bullion begins a majestic ascent from the right shoulder low of a gargantuan inverse head and shoulders bull continuation pattern.

Sadly, to view something much less than majestic.

Double-click to enlarge.  

My proprietary “Graceland Traffic Light” on the weekly Dow chart has just turned amber. 

This is a rare and ominous event.  US stock market investors who ignore these major traffic light signals risk tremendous portfolio damage.

If the signal stays amber as of Friday’s close, I’ll consider it a full US stock market sell signal, and any positions bought above the Dow 10,000 level should be sold.

In global stock market downturns like the current one, Canadian money managers will throw the junior mining stocks baby out with the stock market bathwater.

Most of the smaller junior miners trade on the Canadian CDNX exchange, so it’s very important for all gold market investors to be properly diversified in what is obviously the world’s greatest asset class.  Junior mining stock investors should own some of the bigger miners to get that diversification. 

Double-click to enlarge this spectacular GDX chart.  GDX put in another day of strong upside action yesterday, and it did so as the Dow fell almost 500 points!

On Saturday I urged my subscribers to buy bitcoin (and some “alts”)… right before the latest upside blast that I predicted would be “explosive”.  It was explosive, and I have the excited investors in profit booking mode now.  

I’ll boldly predict that a few more daily closes above $20.50 are going to produce an equally explosive price surge for GDX and a huge array of individual gold stocks!