Graceland Updates 4am-7am

Dec 16, 2009

1. Goldflower. At one point we nicknamed him “spam man”. He’s our resident systems engineer. He’s designed some very complex systems, including one moving molten metal in a smelting plant by rail car with a system designed to keep the metal molten in the rail cars.

2. He sent in a lot of early emails about engineering the pgen. Superman and I named him spam man. I told him that. The truth is that it just wasn’t TIME to use his information. Information of QUALITY.

3. The Pgen began in my mind. Then it became a jar of pennies on my desk with each penny representing a chunk of risk capital. Then superman, our resident software engineer, created the pgen as you see it now. It’s come a long ways.

4. But in many ways the journey is just beginning. When the Brain came on the scene, near-infinite possibilities, dreams as it were, suddenly became possible realities.

5. Lurking in the background in England is Goldblood and his “golden henchman” Sir Polo. He is developing trading robots that can buy and sell within a total round trip time period of-are you sitting down? One thousandth of a second.

6. All of these people, these “pgen factory machines”, are beginning to synergize. I’m a broker of excellence. That is what I do. I don’t mean I’m excellent, I mean I bring people of excellence together to create a “whole greater than the sum of the parts”.

7. I’m in New York again, the city that never sleeps. Oddly, the Brain was able to identify a sleep disorder with Goldblood. Goldblood freaked out and said, “That IS me, how did the brain do that, maybe the brain is even more of a genius than YOU realize stewart!” King Kong may have a similar disorder. He’s been up all night. I guess when they say New York never sleeps, they mean it literally.

8. One of the things that I’m synergizing, together with the Brain and the other “inner core” players is a machine that will allow YOU too to sleep well, regardless of the size of your mkt positions.

9. Goldflower has a 99.99% chance of being able to create an extremely high quality institutional sales presentation on the pgen in a powerpoint or video format. Sir Polo has a 99.99% chance of being able to create a trade robot that can do anything goldflower wants it to do. The brain has a 99.99% chance of blowing King Kong’s mind when I get them on the phone today.

10. And when King Kong starts to march forward after that holding the Brain in their mighty hand, all I have to say to the gold bears is: “What should I inscribe on your tombstone?”

11. Today the banksters are, like us, in party mode in the gold market, on the sell. Gold is UP $25 from yesterday’s lows.

12. The brain closed out this leg of their shorting campaign into yesterday’s lows, after beginning it at the exact peak at 1225. No ego, no top calling. Pure action, pure profit. What’s their view now? Answer: I’m introducing the Brain to KingKong today. Let’s wait and see what develops..

13. I THUNDERED that you must buy oil, gold, and gold stock into yesterday’s lows. And of course yesterday’s lows were THE low, at least for now. The gold negativity yesterday was almost out of control in gold land. I got a number of non-sub emails quoting various gold writer wieners as experts with “evidence” that gold would crash. I predicted THEY would crash. Not Gold. And they have this morning. It WAS the banksters on the buy that turned the market around.

14. Sammy the GoldBull screamed into the lows “pay any price, just buy now!”. While the gold bears ran algos. To figure out their own names.. This is a BATTLEFIELD. What I’m writing here is not about me bashing my competition, it is a REAL picture of REAL MARKET ACTION on the GOLD BATTLEFIELD. And on that note:

15. Your pgens thundered into action on the buy side on the battlefield yesterday.

16. Today the the gold bears are fried eggs. I’ll have mine sunny side. Thanks…

17. The supposed “key” $70 oil number broke. I bought anyways. Kachingo time this morning.

18. Do YOU know how HORRIBLE the gold bears will feel if 1110 was the final low and they bought ZERO? I don’t think it is the final low but if you can’t buy ANY gold after a $117 an ounce meltorama, I would suggest you consider ordering a few brain cells from the Brain to make that happen. They have more than enough to spare for all of us…

19. Here is the chart of the USdollar. A 60min chart basis uup-nyse. Notice the fading RSI. USD dec 16 Coupled with the extreme negativity on gold into yesterday’s lows, the beginning of THE strongest time seasonally for gold, and fact there is little likelihood the US govt wants to see the stk mkt in tank mode for Christmas, and you have a number of quality ingredients in place to carry us forwards to January, or so it seems. This could be just another failed bounce before we break 1110. If so, your pgens will be buying even more aggressively if that occurs. If not yours, mine will be…

20. What happens in January? The brain has tremendous intuition. They feel a Sea Change is coming. But what is it? It’s still unknown, but the next 2 weeks are going to be critical.

21. Remember, we’re not trying to call a bottom at 1110. We’re simply placing money into gold after a $115 hit while the rest of the gold community throws tomatoes at us.

22. Here is the 4 day chart for gold. As I send this off, price is coming into support. Gold Dec 16 Technically, we could pull all the way back towards 1110 and maintain a positive technical situation.

23. If 1110 “broke”, while that would represent technical “deterioration” that very deterioration would turn me into a Gold-buying “Maniac”. And a profit-booking maniac on further USD longs and gold/silver/stk mkt shorts.

24. Here’s a look at the Australian Dollar Weekly AUD Daily

25. The weekly uptrend line IS broken and there IS a head and shoulders top on the daily chart. But that “top” is becoming more of a triangle. I would NOT be betting money here on whether or not price will rise or fall. Simply RESPOND to price and you’ll beat 99% of investors. Wait for price to happen. It will.

26. “I have virtually unlimited patience.” –The Brain. Dec 14, 2009.

27. Think about that today…

Cheers,