Graceland Updates 4am-7am

Nov 14, 2009

1. Let’s call today “Interpretation day”. A number of you noticed the interview with Jim Sinclair on KingWorldNews. I don’t mention a lot of interviews, but I think if you combine what I wrote Friday, with what Jim has noted over the past few days, your main thought could change from “a correction is coming” to:

2. “I don’t have anywhere near enough gold. Nowhere near enough.”

3. Jim Sinclair Interview

4. Our own “Dr. $30 million”, who bought gold in 1999 at the bottom in size, has been buying natural gas into weakness. If YOU have been buying gas too, but are weak mentally from the battle, Know this: you are in good company in your market ACTIONS. Think of particularly trying periods in your life. And endure. It is only TIME you are enduring....Do not buy the amount of natural gas you want, buy only what you need.

5. I’m not going to arrive at the gold $2000 marker, with me counting subscription fees while some of my subscribers have NO GOLD. Some thought I was frustrated with the gold minitop callers. No. There’s simply gold weight to be lifted. I’m not frustrated with anyone. Some of you are piloting gold supertankers. Others are in gold bathtubs. We’re going to arrive at gold $2000. Together.

6. Jim talks briefly about the OTC derivatives trade that is: long the majors, short the juniors. Just as it was the BANKSTERS who were long gold with the barrick hedges (and the zillions of other gold miner hedges) (if barrick shorts gold, they can’t short it against the sky, somebody has to hold the other side of that contract) it is also the banksters who hold the other side of the short juniors/long majors trade. And it will be the banksters who win this trade.

7. THE BANKSTERS ARE LONG THE JUNIORS, SHORT THE MAJORS. VIA A MASSIVE OTC DERIVATIVES PLAY HOLDING THE OTHER SIDE OF THE TRADE OF THE FUNDSTERS.

8. I’ve spoken in the past about the nearly $500 billion in GOLD otcd’s outstanding, a huge chunk of it written thru the LBMA. That number dwarfs the action on the comex and the world’s gold stocks.

9. Rob McEwan, founder of Goldcorp, says Gold will be at the $2000 marker by Dec 2010. Can YOU really afford to be playing [intermediate] top caller right now? Book profit, yes. Watch the gold Navy sail to $2000 gold while you watch your boat in drydock? No. Rob says his final tgt for gold is $5000. Maybe the public can buy their gold back from the pawnshops at that point, at a slight markup of course….

10. Where this all gets interesting is that one of main chart people Jim posts on his site, “ciga Eric”, has drawn in a demand trendline from the 1970 low area across the $250 low. 250 being, of course, the point where 99% of the world’s taxpayers cheered as their central banks threw their gold in the garbage while they stood patiently in line to get their stock and mutual funds at a 100 to p/e ratio. Well, it wasn’t exactly the garbage can where that gold went. The banksters hold it now. The public will line up again to buy it back, only this time it will more likely be while they stand in a bread line, not a greed line

11. The world’s governments, again cheered on by their own taxpayers, are now madly trying to devalue their own currency against the US dollar. This is a two-pronged plan of failure: a. The currencies won’t devalue against the dollar, and b: their schemes to superprint their own paper will create a GLOBAL devaluation of paper currency toilet paper against the gold PUNISHER.

12. If you draw in a parallel supply line to the demand line from the early 1970s low (around $35-70) that rises across the $250 lowpoint, you then draw that supply line across the $887 high. If price were gap vertically TODAY, it would STILL need to hit about $4000 to touch the parallel supply line.

13. What I’m saying is that the MOST CONSERVATIVE estimate for the gold price target is $4000 an ounce, using this upchannel.

14. What I personally see on that chart, is the indication that gold will likely rise and STAY at thousands for a long time, perhaps decades. Notice that Eric has drawn the parallel supply line thru the a resistance area in the 887 high that is slightly below 887.

15. If you use the actual 887 peak, that parallel supply line would be closer to $6000 an ounce, which is my target for gold.

16. Eric has also opened the door to $100-200 silver with a similar analysis. Keep in mind, however, that the implementation of a gold cover ratio could see commodities crash down after touching that supply line, to their long term demand line, all except gold. Gold would be locked at a high level while the other commodities would tumble. Silver’s long term demand line would come in at around $9. Bottom line: Silver could crash from $100-$200 to ten bucks in a meltdown that makes 1980’s fall look like a bull market. The banksters took the silver market to liquidation-only mode for about 2 weeks in 1980 after shorting the market.

17. It is important to distinguish between the long term demand for commodities, and the thousand trillion in otcds that will be hyperinflated in PRICE. Semi or full hyperinflations are NOT accompanied by “recoveries” or improving business conditions.

18. They are accompanied by economic WIPEOUTS.

19. Tricks like “liquidation only”, “position limits”, “Lehman”, “no more margin”….the banksters have an endless box of “cheat tools”. Recently they announced that those seeking to take delivery of comex gold bars could instead receive paper certs in the GLD-nyse etf. So much for the gold community’s crazed idea that the banksters couldn’t deliver the physical gold, so they were about to “blow up”. Now instead of the Brinks truck showing up at your house with your 100 ounce gold bars, it’s the CHARMIN truck. Imagine if they announced a derivatives and major accounting “concern” at GLD-nyse just as the Charmin truck showed up with your 100 oz rolls of gold toilet paper. Not exactly the gold party you planned on…

20. I’m more of a “trenches” person, than a “player”, but if I was, my play TODAY, if I HAD to make one, would be: Long commodities. You’ve heard the saying about singers, that it’s “all in the pipes.”

21. The SAME THING applies to oscillators like MACD and TRIX. Sadly, the US Dollar has no pipes. The pipes are the GREEN HISTOGRAMS on MACD. When a move of POWER occurs, the pipes shrink or expand in size showing a STEEP SLOPE/GRADE.

22. The US Dollar pipes look more like a pile of wet noodles that have been sitting in a pond for 6 months. If you look at the pipes on the CRB index and many of its underlying commodities like OIL, the pipes look like a COBRA reaching up, with the black and red crossings having a FISHHOOK type appearance. A FANTASTIC combination.

23. The US dollar pipes look like a SLUG, and one that the gold punisher just STAMPED ON. There is no fishhook turn on the red and black cross lines on TRIX. In fact, they are on a SELL signal, not a buy! The gold community right now is involved in a FIENDISH mass drive to predict a $100 fall in gold, one they are pretending they will buy. “And then we’ll make really big money!” Sure they will. IF it happens, they are more likely to go short than buy anything. You will see….Most likely: They go long around $1500 in the spring after missing the entire $1000-1500 rocketride while promising all the way that if gold just falls 2 cents they will really buy heavy, but all that happens is that around the 1400-1600 they DO buy heavy, and then the banksters obliterate them by REALLY smashing gold.

24. Here’s a link to my video I just posted, Have You Got Pipes and Hooks? This video is a technical analysis of the MACD histograms and TRIX indicator crossovers. Bottom Line: USdollar and US bonds look TERRIBLE. Gold, commodities, Dow are in LIFTOFF price mode.

25. The ECONOMY rocket is not going to liftoff along with the commodity and Dow rockets. These monthly chart buy signals are fuelled by the attempted hyperinflation of the PRICE of a thousand trillion dollars of worthless garbage OTC derivatives. The public has its head in the sand. A tidal wave is coming. The economic rocket is not about to launch. It’s going to EXPLODE. The gold punisher is in FULL BATTLE MODE.

26. I can count the number of weeks on one hand over the past year that I failed to remove cash from the bank on a weekly basis.

27. Do not trust the banksters to save your butt. The banksters look at you as DOGMEAT. The banksters are going to send MILLIONS of idiots to the Bread Lines, many of who are operating highly successful businesses right now while laughing their heads off at the gold punisher. These microminds will exit this crisis wearing soiled diapers first, and then give their final “I price chased it my way” speech from their bathroom to their family. With the door closed, while holding a razor blade on their wrists.

28. “I know everything is fixed. The recovery is on. I know I’ve missed out on some of the new bull market in stocks, but I’m being conservative. So I’m buying bonds, for growth with safety! Those bank stocks sure look tempting!” – Donald Investor Duck. Nov 14, 2009.

29. “I therefore assume that before this is all over bank depositors will get short term non-marketable Treasury paper rather than dollars in payment.” – Jim Sinclair. Nov 14, 2009

30. Notice that term, “non-marketable”. Hmmm…. Donald Duck is very obedient. Let’s give him a golf clap, altogether, now. He does exactly what the banksters tell him to do, while taking NONE of the market ACTIONS the banksters take themselves! Way to go Mr. Duck, good boy! The banksters are so proud of you! Mr. Duck is told to treat gold bullion like a penny stock, and he does! Superb job, Mr. Duck. Keep quacking, very good!

31. “Excuse me Mr. Duck, your bank is unfortunately closed and you took zero actions to protect your family. Oh, well, let’s not worry about such minor details now, the past is the past. The good news is that we’ve opened up a chain of razor blade shops, and these are open 24-7. Just for you!” – Banksters, June 2011.

Are You Prepared?

Cheers,

Stewart Thomson

Graceland Updates