Graceland Updates 4am-7am

Nov 18, 2009

1. Another day. Another new high for gold and silver. I walk into the bathroom and stare into the toilet bowl. I’m looking down at the latest sea of top caller ants gasping for air. I flush the toilet. There’s a quiet moment. And then they are gone. But, I’m getting worried. There are more and more there each morning. The growth is exponential. So far I’m ok, but I may need a team of you down here to help me keep the system clear with round the clock plunging and flushing. Together, I think we can handle the volume, but I’m not 100% sure.

2. Who will be the big gold wiener, who gets to see gold fall $20 and then issue their huge newsletter alert in flashing neon, “See, I called it, I told you gold would have a correction, I did it, I’m the champion!” Perhaps some sort of Top Callers Anonymous program should be started.

3. Enough of the negative. Onto the positive: Our own Babe Ruth sold all his GLD-nyse at a huge profit yesterday and has started a buy program on the GDXJ, the junior gold stocks ETF.

4. I posted a little blurb on the website again highlighting the fact that the head and shoulders pattern means this is the time of the gold PLAYER. It is very important to understand just who a real player is, what she is: The player is not a flipper, nor a buy and holder. She buys momentum plays, periods in time when an item is set for a very big price move with very high odds of success. The head and shoulders launch platform is the mechanism in play now.

5. I suggested the “player-pgen” hybrid could be something some of you may wish to consider. I believe many of you are player-pgen people by nature, but in the past you’ve had trouble knowing when to play, and when to just run your pgens. You can’t just shoot wads of capital repeatedly. That’s what a FLIPPER does. There are only a couple of opportunities a year that fit the mold for the professional PLAYER. As a player-pgenner, you plop in a chunk of risk capital into the gold juniors in this price area, so you are a PLAYER if prices accelerate to the upside, yet your pgen kicks in on the downside if prices melt away. One of the ultimate money making opportunities of all time is IN PLAY now. Nobody has missed anything, except the right MINDSET.

6. Those of you who have sold a lot of gold bullion and gold senior/intermediate stock into this strength have not made any “mistake”. You have put yourself in a MINDBLOWING position of strength. To CAPITALIZE on one of the greatest market moves in the history of the world. The JUNIOR GOLD GEYSER and GOLD BLOOD RELATIVES plays are not HYPE. This is the real deal and you are sitting right beside the banksters in ACTION. They are long the juniors and short the majors via the a supermonster otc derivatves play that will see them take BILLIONS from the fundsters. Consider looking at the juniors for your next pgen plays with some of the profits you have booked in the bullion and seniors. If you are more conservative, look at the general commodities indexes and/or natural gas/oil, foods.

7. Silver looks to me set to blast thru the highs at 21.46. Those of you who took action with options in gold and silver on the neckline play are now reporting in with profits. In the multi-hundreds of percent just weeks after buying.

8. Corn hit 4.19 this morning. The chart looks spectacular. “I put $200,000 in Enron but I wouldn’t invest $5000 in corn. It’s very risky. Can I buy bonds? The bull market is only 28 yrs old, I’m missing out!” – Joe Public Investor. Ask any farmer if they think grain prices are too high. They might attack you. Corn at $10 minimum before the end of the bull mkt seems to have the same odds to me, as a bet that the sun will rise tomorrow.

9. Those of you sitting on cash from your gold pgen sells only need look around you; a CORNUCOPIA of opportunity is sitting there. And you have a cornucopia of cash to EXECUTE on it. The public will not execute, they will be executed. The time is now for commodity market ACTION. Oil looks ready to CHAINSAW thru the $100 price like a logger on balsa wood.

10. Babe Ruth bought MORE UNG-nyse, the natgas etf, yesterday, and RJI-nyse, for general commods. I report to YOU, what the multi-million dollar market lifetime winner subscribers are doing, not what some pinhead staring at a tick chart sees, while he takes orders from Captain Squiggly Wiggly.

11. I’m also ACCELERATING my own natgas pgen. Winter is coming, for those who haven’t noticed.

12. I got one of my worst responses to my 321gold posting yesterday. That’s great news for you. Because this ALWAYS happens when the top callers are in action, although usually it is at a LOW point. I tend to go in the OPPOSITE direction of most of the writers. Those who come on board are typically seeing the mass calls for the mkts to do ABC in price action, as NOT WORKING. In the 800-900 gold price area, that opposite action for me involved buying declines. Now it means booking lighter profits, increasing the sell increments, and buying heavier into declines. Markets climb a wall of worry. After knocking the KING KONG head and shoulders continuation pattern as non-existent, the top callers are now feeling its mighty POWER. Do not fight this head and shoulders pattern. You will lose and lose hard. Use it as a tool to buy other items that will be pulled skywards as gold bullion itself soars. If you want to see some kind of 1 to 1 correlation between bullion and gold stocks every day, forget it.

13. If you think you MISSED OUT on bullion because it rallied a hundreds bucks, wait til you see how you FEEL when gold JUNIORS start to MOVE if you have NOTHING. What’s happened so far is a warm up act. Stop staring at the gold bullion freight train trying to suck every penny out of the move, and make your way to the gold stock ROCKET with your space helmet!

14. Many juniors trading in the 0-$5 range now will go to HUNDREDS of dollars a share. Some to THOUSANDS.

15. There are millions of people who put $500,000-$5million in the stock, bond, and real estate markets and blew up. They thought they were really SMART and STILL DO. The banksters are going to BLOWTORCH the world bond market, and paper money itself, sending these idiots into a terror and agony they have never experienced. The public continues to treat gold bullion, the greatest investment in the history of the world, as a penny stock. THEY are the penny stock. NOT GOLD. The best they can muster now is: “If it falls 50 bucks I promise I’ll buy $5000 of gold, I promise! I’ll just forget about the MILLIONS I lost in the MARKET.” Sure they will. They won’t buy anything until their bonds are burnt to ashes and then they’ll crawl to the banksters and beg to buy a few grams of gold with the worthless bond and paper money ashses at $3000, $5000, and maybe $10,000 an ounce and more. The banksters will take the bonds and order the govt to back the dollar with gold. Another total failure for the price chasing public. Trillions more for the banksters. This play won’t turn them into Quadrillionaires, but it will add a lot of trillions to their piggy banks. The mechanism to make themselves quadrillionaires is the world currency. They’ll begin the game like all others before, they’ll tell the whole world that gold isn’t needed because the world currency has fixed everything, while they load up on gold again. The game will just repeat again and they’ll get richer, again. Learn from the public investor fools, the gold haters. Do not be afraid of the greatest investment in the history of the world –GOLD- for a LONG TIME. Be afraid of the fools around you. Not gold. The banksters will never give up their control of GOLD without a fight to the death, because they know it is through their own GOLD OWNWERSHIP, that they control EVERYTHING.

16. Important: Tokyo has a THREE OUNCE gold futures contract. It’s actually 100 grams. If any of you have access to the TOCOM market where it trades thru your broker at low commissions, please email me IMMEDIATELY.

17. First, the comex futures contract is 100 ounces. That’s way to big for most of you to play bankster with. You need to be able to buy 50 contracts comfortably in a pyramid formation to work the pgen in the futures mkt properly. The mini US futures contract is about 33 ounces. That’s smaller, but still most of you can’t be carrying 50 of those either. The 3 ouncer, which is actually 100 grams (1/10^th of a kilogold), is a FANTASTIC tool for those of you out there who are probably CAPABLE of handling reasonable leverage, but you’ve never had the TOOLS to operate a PGEN with that leverage.

18. The banksters use leverage and their Pgen actions involve hundreds, thousands, and tens of thousands of positions at a myriad of price points. Keep that in mind before laughing at a 3 ounce contract. The buys grow very large when you buy every 10 cents down. Some of you, who I’ve nicknamed THUNDERCASH, have the money to operate as the banksters do in the market, on the tocom. Also, the tocom is PERHAPS less likely to be shut down in a gold mkt “bankster event”. A lot of games go on at the TOCOM, just like at the COMEX, but in the end what matters is your price entry points and the size of your positions, when it comes to handling risk.

19. I want to mention the “tungsten bars” stories out there. A lot of you have sent me info on this issue. There are some writers claiming that phoney gold bars, thousands of tonnes of them, are what the US treasury holds as gold reserves. Tungsten has a weight that is similar to gold. That’s fraud, and arguably treason, if true. One writer claims he has paperwork showing the bars shipped to the govt. First off, why is he writing about that, tipping off the criminals, if true? Second, would those involved in the ripoff be so careless that they make shipping receipts of tungsten to a gold storage facility, and then lose control of those receipts? Possibly, but unlikely. And third, if it was me that had that “evidence”, I’d be on the next plane to see Ron Paul and contacting every news agency and police station in America. I would NOT be writing about it here in my newsletter until those actions were completed. Then I’d report to you on what ACTION was underway rather than what I WANT to happen. The tungsten story MIGHT be true. If the writer holding those documents has not contacted a lawyer and sought advice on what the next ACTION is, I have to wonder why not. If you think there is a possibility of the story being true, my suggestion is you contact the writer and ask him/her what is their plan of ACTION?

20. Supposedly, over 600,000 bars (about 8000 tonnes) (!!!) were shipped to Fort Knox and are still there. That means the entire US gold supply, basically, is fake. Let’s assume this is true for a second. An LBMA certified refiner would probably be involved. This story WOULD explain the decision of the Rothschild family, the LBMA creators, to leave the LBMA about 5 years ago. My own view is they left because they plan some sort of derivatives problem to “surprisingly appear” at the LBMA, but, let’s run with this for a second. Can you imagine the situation if the US govt went to cover the dollar with gold, and then performed an audit as part of the cover establishment process? Now imagine the situation as they drill the bars and realize there really was NO GOLD in the US Treasury. The gold price could go to $100,000 an ounce. Overnight.

21. While I stick with my view that the Rothschilds, the world’s richest family, left the LBMA because of a derivatives scheme they hatched, I will say that from the day they left, I have never been completely satisfied with my own explanation that it involved a scheme to blow up the LBMA with derivatives, derivatives to which the Rothschilds likely hold the bull side of the trade. It just never seemed necessary to distance themselves that much unless they had a real firestorm planned. We’re still in a position with more questions than answers. Which takes us back to responding to price, not predicting it, as our main tool of market ACTION.

22. The banksters have tremendous patience and time horizons. The tungsten bar surprise, if it’s real, could be something they are saving for the next crisis decades down the road, involving the world currency.

23. One thing is for sure: Fake gold scams are coming and they will be HUGE. If I was a criminal, I would definitely be preparing the fake bars now, to dump on people in a few years. Many of you have sent me names of dealers to recommend to subs. I haven’t taken action because I knew fake gold was going to become an issue, and unless your bars have been DRILLED (I watched mine drilled) you don’t know what you own. You need to understand what kind of enormous risk I’m taking if I tell people to buy gold from a certain small metals dealer. My subs WILL buy. If that gold is fake, I’m sorry but your belief or promise that nothing can go wrong with your referral dealer just isn’t good enough. Not when some subs are looking to place large monies into major amounts of metal. If chocolate comes out when they drill, well, the good news is cocoa is also going way higher, but that’s where the jokes end. Your dealer may be 100% honest. But are they 100% prepared to manage the fake gold risk? I like small dealers for silver bulk coins, small bits of gold, a few grand, the smaller stuff. Nobody minds paying a little premium for good service and information on the smaller items. NOT the big ticket bars. With the bigger items, you need tight bid ask spreads and if you buy fake gold from a small dealer for cash, you may have no recourse if the dealer goes under.

Let’s get back to the markets. See you on the site!

Cheers,

Stewart Thomson

Graceland Updates