Graceland Updates 4am-7am

June 26, 2010

1. The G20 and G8 meets takes place today. Will there be dramatic announcements that send the markets into turmoil on Sunday night?

2. I don’t know. There IS an air of complacency, certainly in the gold community. Market volumes continue to be light. Is that a concern? The July 4^th period usually marks a time when a lot of investors take holidays, so it’s hard to know how much of the light volumes are holiday time, and how much are technical warning signals of impending massive price volatility.

3. I’ve been scanning the gold writer sites INTENSELY over the past few days, and what I see is very concerning. The main ones seem almost EMPTY of writers discussing gold stocks, and discussion and cheering of junior golds seems to have gone the way of the dodo bird. This is becoming an almost surreal situation.

4. I’m almost literally ALONE in the gold community, now. I’m starting to look like a MADMAN, as a I stand here totally SCREAMING that gold stocks are going BALLISTIC while everyone else is not even commenting on the issue, let alone joining me. Everyone else is so far away, I don’t even think they could hear me if their financial life depended on understanding the situation(maybe it does). I thought I was modestly alone last week, but now it’s becoming me standing the middle of a giant field in the Sahara. Even with binoculars, I’m almost TOTALLY ALONE.

5. Well, that’s too bad for them. Because it’s not just me standing here. I’m here with the Pgen, and yesterday was cash register MAYHEM while goldland is not even AROUND. Here’s the bottom line from the gold reality ranch: Gold peaked at 1266 on June 18 (125.86 on SGOL-nyse). That was just last Friday.

6. My message to the gold community is: You can go into the field and lie down and sleep if you want to, but you are throwing money into the garbage. Don’t lose your daily focus on the gold and gold stocks gridlines, or you’ll throw away more money than you can imagine. Ever see a rich DRIFTER? Don’t be a gold drifter, because every single day is training day. It’s the same drill every day. The few gold market professionals that exist, I assure you, are not drifting away from anything, especially gold. Once you lose your INTENSITY, you become WEAK. Once you are weak, you are a bankster MARK. Once you are a bankster mark, you are financially a FISH IN THEIR BARREL. They are standing over the gold community barrel right now with shotguns. Nice alarm clock! I’m glad I’m nowhere near that barrel. My prediction is that we are going to see a major payback to team sleepyhead, which, horrifically, is right now, most of the gold community. The rise and shine message is not going to be a pretty one. Stay OUT of that world. The gold community sleeps like Rip Van Wiener, with the odd “gold is going to a billion but if it falls $300 an ounce I’ll sell everything” mumbled from their sleep on a mattress of diluted junior stock certs they bought at the highs of 2006. In contrast, take a look at my world of GOLD ADRENALINE, based around the gold $1300 (SGOL $130) to gold $1100 (SGOL $110) range pyramid buy/sell MILK MACHINE I’m running on NITRO, that buys gold every $2 down(SGOL 20 cents) and sells every $6 up (SGOL 60cents).

7. ALL THAT IS IN MY MIND IS GOLD $1300, BECAUSE IF WE TOUCH $1300 gold I KNOW I’M RESETTING MY PGEN TO $1400-$1200, AND MY BUYS, and hence KACHINGOS …INSTANEOUSLY LEAP IN SIZE!

8. It’s been a SWEET RIDE from 1045 to 1266. That ride ends at $1300 as I reset and REFRESH. Set and refresh the GOLD PARTY. The gold community’s report card for this week reads: Huge rows of wieners asleep in the field, and now being loaded into barrels by a crew of BANKSTERS, who are handing out SHOTGUNS to their kids. I hope the wieners are enjoying their snooze. Let’s see how they enjoy the ALARM CLOCK. Speaking of report cards this week…Here’s MINE:

9. From June 18 at 125.86 basis SGOL, gold declined in price for 3 trading days, bottoming at 122.10. My highest sell was 125.80, and my lowest buy into the 3 day beat-down was 122.20.

10. Then gold TURNED. Gold SURGED from 122.10 to 125.40, a 3 day upsurge. Friday’s open was particularly JUICY, as gold traded up pre-stock mkt open, so when SGOL DID open, it went for a gap-up astroblast, and my cash registers lit up like a CHRISTMAS TREE.

11. SGOL peaked at 125.40, and my highest fill was 125.20. The only part of the show my MILK MACHINE missed last week was the exact tick high at 125.40!

12. When I looked at my juniors ranch, the action there made the bullion action look like I was the Rip Van Wiener, not the gold community!!!

13. Does anyone know what is going on? Does anyone care? This is getting like the Alcoa and General Electric show out of Dow 6500. I’m running a milk machine of kachingos going off machine gun style, and the only difference is that the gold community is simply ASLEEP, whereas out of Dow 6500 they were SHORTING IT and getting ELECTROCUTED. I must have read ten thousand reports at Dow 6500 of how you only buy when there are great values like PE ratios of 6. That’s what the PE ratios of GE and Alcoa WERE at Dow 6500!! Did ANY of the writers actually LOOK at any of the Dow stocks at 6500, or were they just writing about how the Dow was still overvalued, while they left all their money in the bank, because they really didn’t believe the banks could go under. These Dow stocks tripled in a year. Tripled !!! In regards to the bank closings, I believe the bank closings are YET TO COME.

14. Gold Bullion’s surging price into $1250 is being IGNORED. Live in TODAY, not gold $5000, when your main thought is going to be dodging bullets shot into your house by your neighbours who are STARVING. This is the PARTY. What is coming is the NIGHTMARE.

15. The bullion price, right NOW, is like COCAINE to the juniors. I don’t even want to guess how much money subscriber T-Rex who SOLD BULLION TO BUY JUNIORS as I made my epic call at gold 1033 that “the time is now for gold stocks!!!”, I don’t even want to think about what T-Rex made this week, but I’d bet it was a MINIMUM of 10 MILLION. This week alone! If you are not in the gold stocks, if you are not scanning thru the juniors MANIACALLY and understanding the HIGH OCTANE SUPERFUEL being pumped into them by the astronomical bullion price of TWELVE HUNDRED DOLLARS AN OUNCE, you need to WAKE YOURSELF UP and get OUT of that WIENER BARREL before the banksters BLOW YOU AWAY.

16. This is the big gold show and it is the FUN PART. Enjoy THIS moment in the PROCESS, the cash register ringing that is fast becoming NON-STOP as gold’s volatility theme means my pyramid generator goes OFF THE CHARTS in terms of EFFECTIVENESS. Enjoy your time now, because it will turn to a HORROR show for all of us, me included, as the gold bullion thermometer rises higher and higher and measuring your wealth in dollars and cheering each little move higher in paper money, becomes replaced with RAW SURVIVAL.

17. I leap out of bed each day and charge to the computer, because I KNOW what twelve hundred dollar gold means to gold stocks, and so do the presidents of those companies.

18. I haven’t even mentioned my gold futures cash register, nor my outer core GTU buys that were triggered as the NAV to market price premium has shrunk to almost nothing, and now the technicals on GTU are RAVING BUY SIGNALS (check the site!), suggesting my buys bought into the lows of the 48 area are set to SOAR, nor have I mentioned my sprott PHYS inner core GOLD OUNCES ACCOUNTING REPORT CARD. Never mind my physical ounces gold SUPERCORE.

19. Because I trade December GOLD futures as well as the nearby August, my dec 1260 gold cash register was triggered Friday into PINBALL RINGING MODE, even though my august positions only got as high as 1259.50!

20. All of the above is JUST with the robotic pyramid generator, with NO tweaks. I keep the tweaked trades (PGEN with discretion) in a separate account that my partner “Gold Artist” handles. That was another set of cash register ringing mania.

21. What did I tell you would be the MAIN THEME for this week? Answer:

22. KACHINGO MANIA, AND THAT’S WHAT IT WAS!

23. Did I think it would also be Rip Van Wiener week for the rest of the gold community? NO! I got that all wrong. I thought they would at least show up at the party even if they didn’t dance! Wrong, wrong, and wrong. Both on my my part, but more horrifically, on THEIRS. The following should give you an idea of how asleep at the wheel the gold community is: Sad Sack phoned me with his latest price plopping scheme on Thursday. He told me he was going to SHORT GOLD with a plop of both price and leveraged risk capital, because the option expiration day meant the banksters would try and keep the price under 1250. I really wasn’t paying attention to him, but when he called me back Friday and reported that he had just blown up and booked his latest LOSS, as gold was soaring (because the banksters were blowing up according to him. Sure they were), and he couldn’t understand it because Friday was option expiry, so it was “impossible” that gold soared. I almost lost it. I said, “listen, MORON, gold option expiry was YESTERDAY, you’re making naked gold short trades in the market and you DON’T EVEN KNOW WHAT DAY IT IS.”

24. Naked shorting gold as we enter the gold revaluation stage, is EXACTLY the kind of action that the Sad Sack’s of the gold and mainstream trading communities would engage in, and they are! They think they’ll call the top, play the correction, and get in cheaper. Sure, and it’s all provided by the tooth fairy. Shorting gold naked, meaning your position is not backed up by a larger physical position, is MADNESS in this stage of the gold bull. What is the current status of the gold community? Answer: Shorting gold in the revaluation phase, together with millions of Rip Van Wieners asleep in the gold field.

25. While I’m running a NUCLEAR POWERED MILK MACHINE!

26. Stick with the gridlines, maintain your intensity whether it feels good or not, and start to at least THINK about making a transition from paper money based accounting to an additional gold-based accounting. OUNCES BASED ACCOUNTING. One of you, the ‘golden engineer”, has lived in South America during hyperinflation. Shopkeepers kept two sets of books. One in the local toilet paper currency, one in US dollars.

27. This time, all the western world’s paper currencies are the TOILET PAPER, and GOLD OUNCES is the 2^nd set of accounting you need to keep. The number of US states that are in the same situation as GREECE has literally passed 40!!! How many are doing the ounces 2^nd books thing, how many are prepared, or even THINKING about getting prepared? I’m perhaps the only gold writer in the gold community even SUGGESTING it seriously and fully, and I’m a procrastinator! Where does that leave everyone else!!!

28. I’m NOT a procrastinator in the market with the Pgen. I’m giving serious thought, starting Monday morning, to going to buying gold every dollar down (10 cents on SGOL) and selling every three dollars up (sgol30 cents) up on my trading programs. I want to be doing the OPPOSITE to what Rip Van Wiener is doing. If he’s asleep, I need to be EXTRA active because by definition, activity will be the theme! It worked perfectly this week. If the G20 meet is a “dud”, Rip Van Wiener will fall even deeper into his slumber, and I’ll know I must get even more active! Rip Van Wiener is going to find he is totally unprepared for the volatility HURRICANE that is coming straight at him from the banksters’ ocean. You’ve seen Europe’s banks are on the verge of being NATIONALIZED. Bank holidays could start a gold buying PANIC. Deutsche bank stated this week that America is BACK at 2008 CRISIS levels by their metrics!! One of you almost opened an account at a piddly online broker in OZ, and now all the accounts are FROZEN!!! The crisis is NOT OVER. It’s JUST STARTING. Take delivery of a core position of stock certs, keep survival money outside the bank system, obviously SOME physical gold you can touch with your hand as a supercore is MANDATORY, and keep adding to dry foods.

29. You can’t do anything for Elmer Fudd and the rest of the price chasers even if you wanted to. Here’s why:

Elmer Fudd Public Investor sits SELF-LOCKED in the banksters’ paper money blast furnace sulking. He won’t buy any gold of size, and he won’t let go of his paper money. He won’t buy or sell the stk mkt. He’s FROZEN. An ironic term considering he’s about to INCINERATE. He’s sucking his thumb hoping the Gman comes to his rescue. The Gman is going to find he himself is the PRIME TARGET of the banksters! My billion dollar bond fund trader buddy told me as President Obama was elected, to listen to Obama’s speeches carefully, because he was saying that he was declaring war on the banksters. My reply was basically, “that’s too bad, because you don’t declare war on the banksters after a 30 year bull market in bonds, when you are a massive debtor, a robber (of both money and freedom), a liar, and your soldiers are ridiculously max-taxed citizens whose buying power is a bag of price-chased stocks and houses bought on a repossessed credit card, and your state and city govts owe a hundred trillion on their own price-chased OTC derivative bets gone ALL WRONG, because then you are so weak the banksters will crush you like a walnut in a gold nutcracker.”

30. Other than those little minor details, I’d say the Gman, Elmer Fudd, and the Fundsters are in a great position to win their war against the banksters, and I wish them the very best!

31. My suggestion is you get with the flow, which in this case is putting a stake thru Rip Van Wiener’s heart, and tuning in…tuning in to the ELECTRIC ENERGY of the PGEN in both bullion and even more so in gold stocks, because from here on in, and it already started this week… if you aren’t showing up each day like it’s GAME DAY, you’ll risk missing huge waves of price volatility that ring and refill your pgen cash register…like a concert pianist playing a… GOLD TRILL.

Thanks!

Cheers

Thank-you

Stewart Thomson

Graceland Updates