Graceland Updates 4am-7am

Dec 23, 2009

1. New subs pouring in like an army. And of course, that’s what I’m building. An army. A gold army to take down the banksters. It’s a one day at a time battle, and unfortunately a lot of the training involves me beating on you to a degree. Step one is to take the gold from the fundsters. To enrich yourself while taking out the banksters. Today is a fairly heavy duty training day. Bite down on a piece of metal, then read on…

2. I had dinner last nite with two of you, one of whom is a very street smart gold dealer who grew up the hard way. You were annoyed your latest buy into gold 1075 wasn’t filled because your bid was a few dimes below yesterday’s low. You could “handle” that, because a pile of other buys down from $1200 WERE filled.

3. Some of you may have seen my video I posted on the site yesterday, the gold 1075 video. Who knows if 1075 was the low or not, and really, who cares. But that price point brought in some emails that asked me various questions about WHY I was so “pro bankster”.

4. I’m not pro bankster. I’m pro “whoever buys into severe gold price weakness”. Go look at EVERY intermediate low in gold. For the last ten years. WHO is buying into those lows? I’m sorry but the amount of respect I have for a gold price chaser is: ZERO.

5. Do you know how PATHETIC it is that the banksters were the only group on the buy into 1075, while the gold community was on the mass sell? One guy’s total theme is “I’m completely hedged”. He’s not alone. They missed the monster move from 905 to 1200 and now they are missing the monster buy opportunity that is a GIFT. You’ll NEVER make any MONEY with that bullcrap “hedging” market action. You’ll stoploss yourself into OBLIVION. I suggest that most gold traders exit the market now. Because they are only going to LOSE MORE THAN THEY ALREADY HAVE in the next year. A LOT MORE. The gold bull will end with them WIPED OUT.

6. When Hitler scored major victories, great allied military leaders RESPECTED his achievements. They STUDIED and LEARNED. Not on a moral level. On a TACTICAL level. When I talk about the banksters in market ACTION, it is on a TACTICAL level. Not a moral one.

7. Please STOP putting bustout gold writers on a pedestal. Any loser can put on a cheerleading suit when gold is $1227. If you want cheerleaders, they are NOT at Graceland Updates. I deal in REALITY. And the banksters ARE evil in MANY ways. But they can out-trade the best in the gold community with their eyes closed. Their trading FOUNDATION is having the GUTS to buy weakness. If you can’t buy weakness into 1075 you can’t make money as a gold trader. Period.

8. If you trade too big, even if you buy weakness, you will either blow up, or find yourself unable to buy the greatest weakness.

9. One new sub who signed up yesterday kicked off his subscription with the statement, “I give up, sign me up”. What he meant was he gives up trying to chase price and then finding himself on the sell as price, like it just did, tanks $150 and the amt he buys is: ZERO. Instead he bails.

10. I don’t think most in the gold community, never mind the public morons, actually understand the gold GIFT that was just handed to them at 1075. A gift they REFUSED. At 1050 I heard a BILLION guys say, “oh I should have bought at 900, oh I’m missing out. At 900 they were TERRIFIED. Now gold melts $150 and there they are again. “Oh maybe if it falls to 900 it would be a good buy.” Tomorrow, tomorrow, tomorrow. That’s a clown act. The person making those statements is so many light years away from making money in gold that Captain Kirk and his Starship could never catch up to them if Kirk had the rest of eternity to do it.

11. UNTIL you have made a 200% personal effort to buy weakness consistently you are best served by throwing all your gold analysis into the garbage. 1075 is starting to remind me of 905. We’re only $50 away from the monster support at $1025 and yet from the amount of buying going on you’d think we are five thousand dollars away. Hands up all who DID buy gold 1075? If not, why not? Do you really KNOW where gold is going? The physical market tightness hasn’t gone away. It’s getting TIGHTER.

12. Let me come back to the Chinese govt one more time. The Chinese people buy gold weakness. The gold community views the Chinese govt as some kind of superstar gold TRADER. There’s zero evidence to suggest they are anything but bustouts and thieves. Why, in 2009, is the total Chinese govt gold position a lousy thousand ounces or two? The government has been around for five thousand years. NOW they decide gold is a good investment? Their main holdings are: price chased USD toilet paper. The Chinese people as a group can out trade their government in the gold market ANY DAY OF THE WEEK. And they ARE. The same goes for INDIA. The Indian people arguably hold as much gold as all central banks of the world combined. What about THEIR govt? A gold JOKE. The gold community jumps up and down at what a supposedly GENIUS play the Indian Gman did buying the IMF gold into the recent price strength. Ten years off the lows. “Wow, isn’t the Indian govt smart.” Reality check: To the Indian PEOPLE, their Gman is a trading BUSTOUT. Where is the Indian Gov’t’s massive gold horde after thousands of years of existing a govt? It does not exist. Why? We’re measured by PERFORMANCE. Not a couple of trades. Where is the Indian Govt’s massive gold horde that should exist after all these thousands of years of BUILDING IT??? After five THOUSAND years, all the Chinese Gman holds is a couple of thousand tonnes? That is DISGUSTING. The historical accomplishments of building a core position of gold by nearly every major govt (the Swiss and few others excepted, although even they are wavering now) can be summed up in this phrase: Complete gold market FAILURE. I’m sorry, but my respect for the Gman as a trader and investor is zero. Worse, much worse, as a long term gold investor it is also: ZERO. Whether he is Asian, American, or European, the Gman is not your friend. He buys what the banksters sell. And he sells what the banksters buy. The Gman is a PRICE CHASER with ZERO GUTS. In terms of market ACTION, it is the banksters who are YOUR FRIEND in gold market ACTION.

13. Your friend is your enemy. Your enemy is your friend.

14. Those you hate the most, are in fact your greatest TACTICAL allies in the gold market.

15. Just as buying weakness involves a sea change in thinking for the average investor, so does accepting that the scumbag banksters who may indeed sell their own mother for a dollar, are an entity we can LEARN from. Again, learn about MARKET TACTICS. NOTHING else. Accept that reality, or continue to lose in the market. When the gold bull ends, you will find I sell into the exact top. Just as I did last time. Most in the gold community will be RAVAGED when it ends. They won’t believe it, just as they are refusing to accept the reality of the trading excellence and professionalism that is exhibited by the banksters in their gold trading.

16. Want to see gold at 600? How about 100? Then behave like most in the gold community are behaving right now. You’ll get gold to 100. This is a fight. And the ONLY way to defeat the banksters is to get more gold than they have. How do you do that? By not only buying ZERO gold into weakness, but also selling YOUR GOLD into that very weakness? Great battle plan. “My battle plan to defeat Hitler is to put a gun to my head and pull the trigger.” At this point, the gold community can’t even take the FUNDSTERS’ price-chased over-leveraged gold. Let alone the banksters’ iron-clenched gold bought into massive weakness. If you want to get the banksters, step one is learning how to FIGHT. In the MARKET.

17. The gold community should already be WAY LARGER than the fund community. Way larger than the Gman’s gold holdings. In India the PEOPLE have vastly more gold than the govt. What about the US gold community?

18. Get IN THERE and FIGHT. 1075 is where you need to take off your suit and put on your combat gear. I don’t think you get it. Let me explain it more clearly. When the fundsters sell, the banksters buy what is sold. They ARE on the other side of the trade. WHY isn’t the gold community taking that gold from the fundsters? What’s our problem? The PROBLEM is: FEAR.

19. So bash the banksters all you want while standing there watching them take the fundsters gold. Gold that should be in OUR HANDS. Buying ZERO yourself. This is a competition. It is US versus the BANKSTERS. They are making FOOLS out of you.

20. Take the gold from the fundsters BEFORE the banksters grab it. Start placing your bids at, for example, 1071, not 1069, if you are buying every $10 down. What’s the difference if you get filled $2 higher? It’s a mental game. You become the aggressor not the MARK.

21. I’m taking you beyond simply “surviving” now. This is a gold journey, and the destination is NOT some fantasy bull market ending point where you sell at your fantasized exact top. If you blew up in 2008 and sold weakness, do you seriously think you are going to sell out at the exact top of the entire bull market? The banksters will BLOW YOU AWAY. This is a gold journey and the destination is: professionalism in the gold MARKET. In terms of buy and sell ACTION. Right now, I’m not seeing it from very many people. Not at all. What I’m seeing is a bizarre combination of bashing the banksters while FEAR is enveloping the gold community like an EVIL FOG. And the banksters are laughing at you as they BREAK YOU like a MATCHSTICK. Get angry, and start FIGHTING.

22. The great thing about the PGEN is it lets you fight in a controlled environment, fight with boxing gloves in a ring, not machine guns in a war. “Trying to buy at a single price point with huge money is INSANE” – Sammy the bull gold dealer. –Dec 22, 2009.

23. The fundsters are so leveraged they can only take a $10-15 hit on gold before they have to liquidate some of their position. Right now, they are on fire like a paper airplane flying thru a blast furnace. Get in there and FIGHT. Take that gold from these people. TAKE IT.

24. The banksters are swarming all over gold on the buy while the gold community stands there with their mouths open watching. You don’t make money watching the banksters take gold that should be YOURS. When you spend all your time in the gold market on ANALYSIS instead of FIGHTING, you will be KILLED. How many boxers enter the ring and stand there for an round without throwing ONE punch? They would be beat to a pulp. “My job is to identify the exact bottom for you” –Joe Gold Writer. Translation: “I’m the tooth fairy.”

25. When gold turns up, it will be TOO LATE to buy. Just like what happened at Dow 6500. Gold will surge “out of the hole” and you’ll be standing here wondering what happened. While I’m booking profits machine gun style. The banksters will sell you what they are buying now. How does THAT feel? Do NOT buy from your ENEMY. MOST of the gold bought by the gold community was sold to them by the banksters at a profit for the banksters, then sold back to the banksters at a loss for the gold community. Your enemy has you acting like a PUPPET. Cut the strings and stand tall. You can do it. Which reminds me: Nobody even MENTIONS the Dow to me now. When the Dow hyperinflates to new highs, THEN people will say, ‘hey maybe I should start a pyramid on the Dow” At Dow 15,000 or Dow 25,000 it will be TOO LATE. And the banksters will hit the Dow and you’ll liquidate in terror. One of you asked me yesterday about WHEN to start a pgen on gold/silver. The answer is:

26. AFTER you have ran some pyramids WITHOUT playing timer, pyramids that extend to ZERO, only THEN should you even THINK about timing/range pyramids. Look into the gold quote screen. The gold is sitting there.

27. He who has the most gold…makes the rules. The banksters have the most gold. Wanna make the rules? Get the gold. Before even THINKING of trying to get the BANKSTER’s gold, get the fundsters’ gold. The comex margin is about $5000. The 100 ounce contract is worth about $110,000. That’s about 20 to 1 leverage. That’s MADNESS. The average daily RANGE price for gold is about $30.

28. The average comex contract is liquidated after a $10-15 price move. BECAUSE of the leverage. The average trader can’t even survive HALF the current average move for gold for ONE DAY against their buy point. That is how MAD the market is, and how WEAK your TARGET MARKET is. The public and the fundsters are NOT going to change their gold market actions. But you can. The WINNING tactics in the gold market are the tactics of the banksters. That is a cold hard fact. I built the pgen around THEIR tactics. That’s why it WORKS. That’s what YOU are doing when you tell me you have reversed 30 YEARS of failure in the markets. You are employing the EXACT tactics of the banksters in the gold market. It is WORKING and when I mention the “power” of my subscribers it is the power exercised in the real world of buying weakness and selling strength as a GROUP. Nobody should feel alone….

29. Any time you set a pgen, you can NEVER go wrong by setting the base of the pyramid “too low”. Raise the peak higher. Not the base. Picture going to war in a STRAIGHTJACKET. That is the reality who you become if price breaks below your self-imposed bottom for the world’s lowest risk investment. Raising the peak of the pyramid means the buys are smaller as at vastly higher prices. I’ll post a pgen on the site this morning for a peak at gold $1000, gold $2000, gold $3000, gold $4000, all the way to gold $10,000. All separate pyramids. You decide which might suit you. The higher peak allows you to stay in the game while building a SOLID but not CRAZY position NOW. The lower base allows you to stay in the game when price proves your analysis WRONG, so you are wrong in analysis, correct in action. The turn in gold WILL come. The question is:

30. Are You Prepared To Book Profit When It Does?

31. Not if you haven’t bought into THIS weakness.

32. I mentioned that the Neckline play would see gold PLAYERS buying in the neckline AREA, with the outer limit being the 1070 area. We’ve basically approached the outer limit. Setting a range pyramid with a peak at maybe 1200 as a peak and 900 as a base appears like a very solid action for PLAYERS.

33. I’ll post some range pgens as well. See you on the site…

34. Lastly, I spoke to the Brain’s brother for 30 mins yesterday. He is an organizational expert. He’s going to be coming on board on Dec 28 to take over the back office admin here. He was highly impressed with the huge array of back up systems I have in place to protect subs from any wipeout of data. But it is time-intensive for me. If the brain’s brother brings even a fraction of the skills to the organizational table that the brain brings to the trading table, and I’m sure he will, I will have a massive increase in time…

35. Lastly, some of you actually WANT me to increase basic subscription prices. Sorry. Won’t happen.

Cheers,