Graceland Updates 4am-7am

Jan 30 2010

1. Obviously everyone needs to take a look at the videos I posted last nite on the site. The gold community ended the week like a gold-painted plane nose-diving into the sand in the desert, with net noodles oozing out of it.

2. The banksters mopped the floor with everyone this week. They beat on the fundsters, the public, and the gold community, making sure all received an equally painful beating. They were highly successful. Here’s their report card:

3. They added a staggering 6000 shorts to their USD short position into the massive price strength, a short position which was already growing exponentially. The fundsters have already totally bailed on their failed carry trade and now are actually carrying a huge price-chased USD LONG position.

4. Greece, which has a population that is 1/3 of that of California, and a GDP that is 1/6^th the size, is the current media scare machine used by the banksters to send the public back to the pawnshops for another round of gold bailing.

5. Meantime, let’s talk….THE BRAIN verus…THE DRAIN.

6. Follow the Brain, or you’ll go down the drain. The drain clogged with gold bears and dollarbugs. If they’re lucky, that drain ends on the bread line. For some, it will be pills, exhaust pipes with hoses on them, and razorblades. The new razors have 5 blades for a guaranteed job. The Brain told me last night they have completed their delivery of their comex gold bullion in physical form as of this week. They don’t trust the comex, and I want to remind you of Jim Sinclair’s standing prediction that the ETF’s like GLD-nyse are LIKELY to BLOW UP. Look at others like SGOL and GTU and the new sprott ETF that will be redeemable in PHYSICAL GOLD. Hello? Anyone listening? Rumours are starting to circulate that the banksters may be planning a co-ordinated central bank gold buy program acceleration, one designed to toast the world’s paper gold markets.

7. So, while the dollarbugs and goldbears tell you to bail into this weakness, as a LOSER, a BUSTOUT, a FAILURE, a CLOWN, (sound good?) it all fits in with a giant bankster scheme to leave you with NO GOLD just as price ASTROBLASTS higher.

8. The banksters LOVE irony. They don’t just like making money; they like it best when the guy on the other side of the trade gets financially OBLITERATED. They leave NOTHING on the table for the next guy. NOTHING.

9. So, how low can we go on the gold? My view is unchanged: This is the NECKLINE play. So the area of 1033 sits in the MIDDLE of the 980-1075 neckline “inner and outer range”. Aggressive players bought hard at 1075. The Brain has discussed the 1025-1040 area. Sammy the Bull has talked 980-1080. His buy orders go to 880. But his first fill was at 1120. That’s reality. That’s doing what the banksters do. And that’s what makes money. Unless you are Jim Sinclair or the Brain, there is NO OTHER OPTION but to get on the buy on price weakness and stay there if you want to WIN. And both Sinclair and the Brain only buy weakness and sell strength anyways. It’s very hard for the amateur investor to understand WHY a professional BUYS when analysis says gold could go lower. It is precisely that FAILED UNDERSTANDING that creates their booking of market LOSSES.

10. We may be at the bottom now. We can’t know that, but what we do know is that gold held up amazingly well on Friday while the USD rocketed higher. What my bank trader friend terms the “Burn Factor” was in play for most of this week, meaning the average GCP (gold community person) went to an emotional state of severe discomfort and some entered the pain zone.

11. That’s not rational. A 200 dollar fall in gold has not occurred. Gold has fallen $150 and gold stocks went on sale for 25%-30% off. If you are a gold investor, and you can’t stand a two hundred dollar fall, you are trading way too big.

12. My GREAT WORRY is that some of you are selling now, and then when gold goes back over 1225 and SKYROCKETS you will then start buying. That could be your FINANCIAL DEATH.

13. I’m 100% serious when I talk about coming suicides. As gold goes to THOUSANDS of dollars, it won’t go there in a straight line. GCP’s and fundsters will then try entering the market in a maniacal price-chase and the banksters will whip gold up and down like a yo yo. Remember the Nasdaq in 1999? Remember the golf ball advisors putting SENIOR CITIZENS’ PENSIONS in there? I do. They held their main seminars at the Hotel California, with the rock band the Eagles singing the theme song: “You can check in, but you can never leave.” The gold bull is going to MANGLE most investors in the gold community that play pro trader.

14. The banksters’ masterplan is to keep the public out. It’s working perfectly. There’s too little gold for the public to buy anyways, even if they wanted in. If the banksters can keep the stock market down, real estate prices down, while raising interest rates and skyrocketing gold, the public is going to be more obsessed with getting out of the stock market than buying gold. They’ll need the money just to pay bills. The great mistake made by Gold Team “Parabola” is they think the public must buy gold to have a gold bubble. It will be CENTRAL BANKS ON THE BUY coupled with INSTITUTIONAL BUYING that causes the bubble, which is really a parabolic rise, not a bubble. The dollar is the bubble, not gold. The banksters are popping one paper money bubble after another all over the world. Throw in the “accidental” discovery that the ETF’s don’t have all the gold they claimed to hold with “surprising” demands for delivery from the comex, and you have more than enough ROCKET FUEL for the gold Parabola. The masterplan involves dumping it ALL on the public morons at the top of the mkt, by locking the dollar to the gold price. NOT by having the public speculate in the open market. There may not be much to buy in the open market even if the idiots had both the money and the guts to buy a tiny stake of bullion. Right now, they don’t have the guts to buy a tiny stake. Soon they won’t have the MONEY. My view: Ha ha ha. Stay tuned, you’ll see. If the stock market is to hyperinflate, that hyperinflation is highly unlikely to come with the public IN the market.

15. Bear markets [(depressions)] end with the public TOTALLY OUT OF THE MARKET. The gold community thinks the stock market will tank. I think it will hyperinflate. But WHEN? Here’s my thinking: I think the banksters hoped the public would have sold even more stock than they did into Dow 6500. That stock was of course bought by the banksters and insiders and a big chunk sold by them into this rally to institutional investors. But the end of the public in the stock market usually comes over TIME, not just on a one-time hit. They are usually worn down, like the sea turning a rock to sand. They finally hoist the white flag and sell like emaciated prisoners of war. The soul is basically empty and they just exist, rather than live.

16. One thing the gold bulls and bears have in common is that both believe (correctly I think) all roads lead to a massively lower standard of living for the public. The bear market of 1929 had a big rally to 1932. The mistake made by the bears is they looked for ANOTHER crash. I think that mistake is being made again. I see a GRIND. The public are like peppercorns in a bankster pepper grinder. Ever notice how long it takes to grind thru a whole shaker of pepper? Bit by bit, the public is ground to pieces and eaten by the banksters, as nothing more than flavouring on their trillions.

17. Stock market crashes tend to come during the SECOND phase of a bear market. I believe odds are high we may have a 3^rd phase now, one that just grinds the public out of the market. Permanently.

18. Thanks to my bank trader friend for his view on Barrick: He believes the bulk of the move from 905 to 1225 was caused by Barrick buying comex futures to take their hedging program to zero. Their hedges were London OTC mkt hedges. “non-reportable”. Put on thru the Rothschild built and controlled LBMA. Barrick lost $5 billion on the “hedging program”, which means the banksters on the other side of the trade MADE $5 billion. While some of the position may have been sold, it takes time, often a very long time, to get a buyer for a specific otc gold hedge contract, a gold production-based contract tailored for Barrick.

19. While trying to offload the hedge or raising the money to pay it off and cancel it, Barrick would have bought gold comex futures in a buy program to offset the hedge. For every contract bought, somebody has to take the other side of the trade. There would be logistical issues in how the buys were declared to the CFTC (bribes and payoffs being the possible solution?). But the fact is that Barrick declared the bulk of the hedging program FINISHED on almost the day of the high at gold 1225.

20. Here’s an announcement from Sept 2009 with the buyback program going into full swing: “ … The $3 billion would be used to implement its new strategic direction — $1.9 billion would be spent on eliminating all of its fixed price gold hedge contracts within the next year. Another $1 billion would eliminate a portion of its floating spot price gold contracts. The company said it would take a $5.6 billion charge to its earnings in the third quarter as a result of a change in accounting treatment for the contracts.

21. As the buy program rolled on, up and up went gold while goldland and the public stood there with their mouths open. Once the gold buying from Barrick dried up, a sort of “demand air pocket” opened up, and down went gold, with the banksters holding a massive load of comex gold shorts. Shorts they are cashing out now at the comex cash register. Not the LOSS REGISTER being rung by the fundsters and a number of GCP(gold community person)’s.

22. The CEF silver video I posted had a sound issue. I have redo it.

23. Why to zero? Why run a pyramid to zero? That’s probably the most asked question I get. The answer is of course that you don’t have to be prepared to buy to zero. I’m simply telling you that the BANKSTERS are prepared to buy to zero, and so am I. There are many components to being a consistently successful investor. Your emotional mindset is one of them. How many of you bought into Dow 6500? I did. I sold Alcoa stock I bought into those lows into Dow 10,700 recently. It bottomed around 5.50 and tripled in 10 months. A DOW stock TRIPLES in 10 months. You can’t get that kind of performance in a Dow stock if you don’t buy weakness, bigtime weakness.

24. Now here comes what is arguably my most important statement this week: I couldn’t have known where it would bottom, and if my low buy had been say $10, not 10 cents, then I likely would have LIQUIDATED it in PAIN into 6500. When you set YOUR final BUY order at YOUR “maximum low”, that is the worst case scenario you see NOW, and you are assuming you will be in the mindset to ACT on those buy orders THEN. I say:

25. NO YOU WON’T. YOU WILL BE CRYING LIKE A BABY WHILE THE BANKSTERS STOMP ON YOUR HEAD. YOU WON’T BUY ANYTHING AT YOUR MAXIMUM LOW POINT, YOU’LL BE IN LIQUIDATION MODE.

26. It’s like standing on the edge of a cliff but barely. You back out over the edge so you are barely hanging on. Allocate MORE cash to a pgen that goes to zero, not less cash to a crazed single micro-pricerange pyramid (“I’m buying gold in a pyramid between 1150 and 1140 for big rewards!”…oops) that is ripped apart by the banksters. In the end, it’s your decision where to place your final buys. Let’s say you place your final buy at gold 600. If the bankster blow gold down to 600, do you really think you’ll be able to be on the buy at THAT point? Will you even be RATIONAL? My bank trader friend told me yesterday there were times early in his career when price went to and through his “maximum low” and he swears he LITERALLY felt he was going INSANE. Literally INSANE, think about that. The banksters have done this for 200 years, buying maximum weakness to zero, selling maximum strength to infinity. But if YOU have never been thru a major hit, like oil going from 147 to 28 for example, you won’t be able to withstand that pain on the buy if you haven’t carefully pre-set everything, and thought about how you will feel at those points. You can be comfortable investing BIG MONEY in a foundational pyramid if price falls large. It is precisely the fact that price unlikely to go right towards zero that allows you to operate RATIONALLY with your foundational pyramids. In a range pyramid, you need to really analyze your emotions and your buy and sell orders, and especially how you will act if price goes to or below the lower end of your buy base.

27. If you can realistically be comfortable buying gold to 1000, and be reasonably sane if it fell to 600 from there, then sure, use a range pgen based on YOUR ANALYSIS of the maximum low for gold.

28. What I’m doing, what I’m about, is building a BANK to compete with the banksters. TO TAKE THEM OUT. That will take GENERATIONS. It won’t happen on some Elliott wave “signal” or an astro cycle, or my “weekly chart head and shoulders breakout!”. It’s going to be built in the trenches with sweat measured in decades. Not an I-bank, not an offshore playdough bank, Not a “let’s see how much I can rip off from people” conman bank, a real American-based bank run by real professionals. The BANKSTERS control the Fed. They invented it, they conceptualized it, they built it, and the fact is that the manager of a corporation answers to the SHAREHOLDERS, not the customers. Ben Bernanke answers to his shareholders. And the largest shareholders of the Fed are the Rothschild family. That’s WHO he answers to. Not to ObamaRama. ObamaRama is a poster boy at best, an errand boy for the banksters. The banksters hold the world financial system as HOSTAGE 24 hours a day, 7 days a week, 365 days a year. When Rothschild says “print”, benny boy says, “how high Sir?” When Rothschild and his bankster cronies say, “No more quantitative easing. Benny, it’s time to turn that QE tap off”, as they JUST DID, then the BANKS (which are a related but separate entity from the BANKSTERS) say, “Interest rates must RISE since we now have to trade our still-massive plate of OTCD garbage to the INSITUTIONS for CASH from WITHIN the system. No more of Benny buying the OTCD crap with freshly printed electronic funny money. Now it’s REAL money coming out of the REAL ECONOMY. “You want me to buy this OTCD garbage? I want major interest on my money” –Mrs. Institutional Money Manager. If the banks have to PAY more, they will raise their own rates. Across the board. If the end to QE includes the end to buying of the t-bond as well, and I think it could, there are only two tactics that will let the govt continue to operate, and both involve beating on the US dollar. The first is: Gold revaluation or dollar devaluation against gold. The second is: Money Printing. Both mean a lower standard of living is virtually guaranteed.

29. My proposed bank won’t be a shareholder in the Fed. So there is no free money ride for me, nor for my stakeholders, like there is for the banksters. We can’t go to Bennyboy and order him to print up a 10 trillion dollar wad for us while he tells the entire state of California to jump in the lake when they ask for 20 billion. If the “get lost, eat rocks” attitude and action of Benny towards US manufacturers and the ENTIRE STATE OF CALIFORNIA, while he hands 20 billion a WEEK, sometimes 20 billion a DAY to the banksters….if that action doesn’t convince you that he answers to the banksters and only to the banksters, then nothing will. Our ONLY protection from these ROBBERS is to do what they do, to ride the shark: Build and maintain without fail, our consistent ability to buy and sell the major assets ALL THE WAY TO ZERO. That’s the ONLY foundation that lets us compete with the banksters. On an ETERNAL basis. On both a financial and emotional level, IN THE MARKET. The banksters financially murder any and all competitors because they have UNLIMITED MONEY. If you don’t have unlimited money, you have to be able to buy all the way to zero, or its just a matter of time before the banksters hunt you down and EXTERMINATE you by pounding the price of your investments below your ability to finance your ownership of them OR below your emotional pain thresholds even if you bought them for cash, or below the emotional pain thresholds of your investors in the case of a non-bankster bank trying to compete with them. That’s the battle, that’s the game, and …

30. that’s what the banksters LIVE for. Which is why all this week, I was:

31. On the gold buy and the dollar sell. JUST LIKE THEM.

See you on the site,

Thanks,