Graceland Updates 4am-7am

Aug 11, 2011

1. All hail Dr. Pinocchio! Dr. Ben Bernanke announced yesterday at the FOMC meeting that he and his central bankster pals have suddenly decided that instead of an “aggressive reduction” in the Fed’s balance sheet of 2 trillion, that 2 trillion will now be the new FLOOR of the balance sheet. In other words, a quasi-PERMANENT debt. Sorry to announce to Mr. Elmer Fudd Public Investor that there is NO RECOVERY, what Fudd got was a money-printed BLIP. Now the moron wants MORE. Where this is going is to a HYPERINFLATIONARY ENDGAME, and the only question is how much of Fudd’s net worth is invested in the paper money blast furnace lottery.

2. The bottom line: After putting the Gman (govt) into a multi-trillion dollar quasi-permanent debt hole, the banksters have decided that the US Central Bank might as well join the “hopelessly in debt” party too.

3. The lowest income people in America can barely afford rent now, let alone mortgage payments, and that’s working multiple jobs. That’s the PERFORMANCE measurement of the Gman’s “house prices to the sky forever to build wealth” MENTALLY RETARDED wealth building plan. Now the MIDDLE INCOME CLASS is about where the LOWER INCOME class was in the 1950s in terms of buying power. Congratulations to the Gman on a bankster-inspired job well done! Next up on the list, the banksters’ HIT LIST, is the UPPER MIDDLE CLASS.

4. The coming GOLD REVALUATION will take care of the upper middle class, putting their buying power about where the LOWER class was in the 1950s by the time the crisis is “over”.

5. All hail the US dollar bulls! Then again…Maybe reading them their last rites is more appropriate…. “If we’re a lot poorer, then we can export more, the Gman pwomised me it’s twue! I think a lower dollar is healthy!” -Elmer Fudd, Public Investor, Aug 11, 2010. Elmer Fudd, 2011& 2012, standing on the breadline and insane asylum mumbling the same thing?

6. You need to OWN the factories that do the exporting to benefit from a mangled dollar. When you are a worker, as most citizens of the United States ARE, you don’t benefit from a lower dollar. The banksters sold Fudd the MIRAGE that if Fudd’s paper currency fell down against another paper currency, Fudd’s exports went up and he got richer.

7. When the banksters “forgot” to mention to Fudd is that for every 1% that his paper currency went down against another paper currency, it fell MUCH MORE against his COSTS OF LIVING ITEMS like FOOD, ENERGY, HOUSING, TRANSPORTATION, MEDICINE.

8. By the time the banksters finished loading up Fudd with the debt he need just to CARRY his debt on his “investment assets” which were really the BASICS OF LIFE, billions of Fudds floated around the planet like giant BEACHBALLS OF DEBT HOT AIR.

9. The debt beachballs were then instructed to get into the stock market because they were “only” making 8% a year on their government bonds. The banskters told Elmer Fudd moron investor that 8% wasn’t good enough for a man of his great financial stature. “How can you be satisfied with a lousy 8% return on your money guaranteed by the US govt for 30 years, what kind of man are you?” –Banksters, talking to Fudd through their financial advisor puppets in 1995.

10. The move into mutual funds, then blue chip stocks, then GARBAGE STOCKS, was underway. “So what if 99% of an ENTIRE GNERATION of investors in the United States lost ALL their investment money in the stock market, this is a new era and you’re the MAN we’ve selected to make all the FREE MONEY! Step right up to the price-chasing plate before you’re left behind! Look at your neighbour, he’s got 20 mutual funds going, which is a good start, if we sell him 20 more that should have him fully diversified against all the risks. All the risks that HE can see. Hurry, sell all those govt bonds before you’re totally left behind!” –banksters in conversation with Fudd through their financial advisors morphed into golf ball advisors, 1997.

11. Now, the situation is reversed. “Hurry, they’ve got a 2 trillion dollar floor on the Fed, isn’t that great news for bonds, you better lock in your 4% a year now, before you’re left behind and it goes to 2%. Oh, you don’t have enough money to get the 4% govt T-bonds, so we’ll give you these 8% JUNK bonds. Don’t worry about the name, they’re absolutely solid, our pimple-faced analyst we are dangling by puppet strings says so, he’s head of our new “Growth with Safety” department and YOU want safety in your investments, right?! OK, so here you go, sign here, and while you’re at it, why not walk into that pawn shop across the street and get rid of that gold you have that you bought in 1980, remember when you lined up down the street to buy it at $880? I know you got rid of some at $250 wisely, because it could have gone to zero. If we hadn’t bought some and saved the gold market, it would have gone to zero. Don’t forget to thank us for that, ok Fudd? It’s come back a bit now, but it’s a bubble now, we all know that, or at least you know that. Think of all the hard work you did buying gold at 880, and it’s only at $1200 now. Gold doesn’t pay any dividends like these junk bonds, oops, I mean these safety with growth bonds. Just go sell that gold before it rusts to nothing and they’ll give you a great price. The owner of the shop is a personal friend of mine, and he’ll take care of you, you’ve got my word on that one. See, it’s the shop right there with the sign, ”Toilet Paper for Gold” on it. That’s a good boy, get over there and do what you’re told to do.” –banksters, 2008-2010.

12. The average bond investor is NOT buying the US govt T-bond for PRICE APPRECIATION. He’s a blown apart investment WIENER that is TERRIFIED and buying the bond for SAFETY, and it’s NOT the US govt T-bond he’s buying, it’s a portfolio of “income investment” WIENERS just like his NASDAQ WIENER PORTFOLIO of the 1990s. There’s a NIGHT and DAY difference between a professional money manager or professional speculator buying US govt bonds as a speculation that QE tanks yields and bond PRICES rise, and a terrified wienerhead trying to save himself from STOCK MARKET and REAL ESTATE MARKET PRICE VOLATILITY RISK.

13. You have to ANTICIPATE market moves. When the crisis is in the news, it’s TOO LATE to take market action.

14. One analyst at Morgan Stanley said yesterday aprox, “There’s no evidence that QE is working”. I say, YES IT IS WORKING. The entire GOAL of QE is to reduce the price of PAPER MONEY against GOLD, and it IS being reduced. Is it working to end the crisis? NO! But that’s not the goal!

15. So, we have yesterday’s official start to the RAMP UP of QE. All hail Dr. Pinocchio, for putting on the greatest show on Investment Earth since 1929. Is QE working enough to reduce the price of paper money against a quadrillion dollars of OTC derivatives, hundreds of trillions of which are HIDDEN and worth ZERO? I’ll let you decide the answer to that question, and let you decide whether you should sell all your gold at the pawn shop today, and load up on junk bonds and toilet paper money, alongside Elmer Fudd master investor. Hurry, gold is going to zero any day now…

16. The $2 trillion dollar floor is translated into plain English as, “The 2 trillion in worthless OTC garbage we’ve bought (and trillions more we’ve bought and have OFF balance sheet) can’t be sold to anyone except Elmer Fudd because no money manager is going to pay anything for this garbage. Once we raise gold to the sky and devalue paper money into the DUSTBIN, the prices of even this garbage dump of worthless OTC derivatives garbage will be marked to market at the current model prices, and my promise that we’ll make a (PAPER MONEY) profit on this crap will be fulfilled.” – Ben “Dr. Pinocchio” Berananke, FOMC meeting Aug 10, 2010.

17. Some have sent me inflation-deflation debate and asked me to join in. Show me a gold chart bear pattern, cycle analysis, or list of bear fundamentals as a reason to sell my physical gold and you don’t get a debate from me. What you get is… a fist fight. I don’t buy tickets to a place in the bread line. Sorry. I don’t engage in debate with those opposed to a gold standard any more than I ‘d engage in a debate with a SUICIDE BOMBER. Get AWAY from their POISON. They’re financial TERRORISTS, but they don’t know it.

18. Anyone who sells physical gold or silver when the price goes down against paper money is a financial markets IDIOT. Any central bankster that sells the nation’s gold when price goes down against paper money isn’t an idiot, he’s a SCUMBAG. The time to bring in a gold standard is when the price of gold is LOW, not HIGH. The late 1990s were the PERFECT time to do it. Instead, the banksters did the OPPOSITE. They did it DELIBERATELY, not because they are idiots like Fudd. Because they are SCUMBAGS that saw an opportunity to make tens of TRILLIONS thru a monster debt game, with OTC derivatives on the main stage, unknown to 99% of the world’s investors.

19. Let’s talk markets, now that I have your blood moving. Gold blasted to 1210 from 1193 yesterday, on the FOMC announcements featuring Dr. Pinocchio at the top of his game. I suggested yesterday that the mood is a little too complacent in the gold community. The ATR, the average true range indicator, is at $15 a day for December gold futures right now, meaning a $5 down, $15 up is a TIGHT SQUEEZE for ringing the cash register.

20. There’s nothing wrong with waiting for more price volatility, keeping your pgen buys and sells as they are. You don’t want to trade yourself out, then find yourself standing there as gold blasts higher when the chart says it’s “supposed” to go down. The surest way to find yourself in the gold AUDIENCE instead of on the PLAYING FIELD is to play CANNIBAL with your CORE POSITIONS, putting your supposed knowledge, or that of your gurus, of where price is going next, ABOVE what gold IS as an asset.

21. Tweaking your trading positions so you are MORE ACTIVE when price is LESS ACTIVE is what has to be done if you want to maintain a reasonable profit velocity number. Adding MORE CAPITAL from your core position buys to your trading position buys, however, is the act of a CANNIBAL. Don’t eat yourself!

22. The hedge funds (aka “the fundsters”) must be in horror mode this morning. Their price-chased darlings bought with loans from the banksters, long Euro, long Aussie dollar, long Dow, are all MELTING. Check the site for the latest bankster beat-down on the funds in those markets, and what action YOU might want to consider taking. I’m glad I’m not rising and shining this morning as a fund manager in their shoes.

23. Keep in mind that pressure in these markets could put short term pressure on gold. Whether it happens or not we can’t know and SO FAR, all is AOK. Yesterday saw a VERTICAL move up on the short term charts on the GDX chart. Click here now to view that GDX FOMC Chart Action

24. I said to my partner Gold Artist yesterday MORNING, “what’s going on I don’t see any GDX buys”. He said, “they’re there, the fills are coming in now, look at the chart, we haven’t had any weakness until this morning.” By the afternoon it was cash register time on Dr Pinocchio’s announcements that the ongoing devaluation of Elmer Fudd’s net worth was a go, and Fudd roared his approval of the destruction of himself as official policy of the central banksters. It’s hard to take advantage of these smaller moves if you are not in a larger pool of capital. For those of you who asked me about the possibility of a Graceland fund, and never got any response, I probably deleted your email by accident. Send me a reminder and I’ll fill you in on what’s happening, in terms of such a fund as an investment… and as a business.

25. Here’s an update on the wheat market.

Wheat Market Update August 11 How fast can we go from “it’s never coming down, the Russians have banned exports” to, “this is getting serious, that’s a head and shoulders top on the chart and the MACD is in the stratosphere and crossing over, what’s wrong, I’m starting to burn!”. Remember my words, “when price is getting away and you HAVE to buy, buy the amount that KILLS the price chasing urge, and 99% of the time it’s only a TINY amount you need to buy to kill that urge”. Don’t replace that SOLID ACTION with crazed buying to fuel your DEMANDS to MAKE BIG MONEY.

26. The answer to how fast you can go from feeling totally left behind to roasting in an oven, fuelled by your own price chasing firewood is: Very fast. There’s no free money in markets. There’s only the grind and booking profits while price goes impossibly higher than your sell points. That’s LIFE in the markets and unless you want to be one of the 999 out of a thousand market players that are lifetime market LOSERS, you have to accept that you’ll never be very happy when executing your orders in the market on the buy side, and generally frustrated on the sell side that you’ve got too much “slippage”. I like 999 out of a thousand odds of making MODEST MONEY, not 1 out of a thousand odds of making big money combined with 999 out of a thousand odds of being a LIFETIME LOSER. So I’ll take the slippage, the frustration, and the blubbering of “when will this stop going down, never? It really IS going to zero!” from MYSELF as I operate in the markets daily.

27. I’ve said time and time again, and it bears repeating daily just as if you want to play professional sports, you have to train daily, that you need to first get a fundamental view of the market in play, and then UNDERSTAND that the banksters run the show, and what matters, in terms of you making money, is whether you can MENTALLY handle the games they bring to the table WHILE that fundamental view plays out. In the case of the GOLD market, if you can’t handle a $300 move against you, you are unlikely to make it to the pot of gold-backed paper money at the end of the gold rainbow in this bull mkt. And that number will only GROW, the bankster-game number you need to HANDLE, going forward, to $500 and MORE. In the case of the WHEAT market, I URGED you to TAKE SERIOUSLY the possibility that wheat has NOT put in a final bottom. The target from this head and shoulders is NEAR THE LOWS of a month ago. If the target is fulfilled, believe me, you’ll FEEL that those lows will FALL. Too much greed accompanied by a wienerhead view that we KNOW where the markets are going, is going to cause MOST wheat investors to MISS the really BIG MOVE when wheat DOES go to VASTLY higher prices, that could include numbers like $100 a bushel if QE fails AND numerous gold revaluations fail, and the dollar collapses. You don’t need to pretend you are a miniature version of Bunker Hunt and buy so much wheat you look like the Hindenburg while the bankers are flying around in Napalm-loaded fighter jets. You don’t need that much gold, silver, wheat, natgas to make an obscene amount of money if the dollar goes into a death spiral, because everyone else is in a paper money BLAST FURNCE. It’s meaningless if you own 50 wheat contracts or 500 if the dollar blows up. You MIGHT get rich on FIVE, because everyone else will be liquidating what little paper money they have, to EAT. Buy the amount of wheat, and ANY market, that ensures you can SURVIVE THE BANKSTER GAMES. Manage THAT risk first, because it will repeat itself over, and over, and over, and over. It’s NOT going away. As I said last week, “don’t think the banksters are unaware of the BLOB of leveraged price chasers that have showed up in the wheat market. They are on the other side of that trade!!!”. Question: Looking at the wheat chart this morning, does anyone still think the Russian wheat buys are more important than the bankster games, in terms of managing the risks, the risks to YOU?

Let’s cut the nonsense and hit the Price Grids, whether you are buying and selling, or just mentally holding your core position ground. Either way, you still need to be a grid stalker…

To Survive The Bankster Games. For those of you trading JUNIORS stocks, in the worlds of the world’s greatest juniors stock trader and major shareholder in many juniors companies, paid subscriber GoldLion, “Employment of the Pgen is ALL CRITICAL.” The volatility in juniors is OFF THE CHARTS and NOBODY can call those markets consistently with technical or fundamental analysis. Without the Pgen in use in the juniors markets, you’re literally playing the LOTTO, with some substantial amounts of money in most cases.

Feel solid, not lucky.

Are You Prepared?

See out there,

Cheers,

Thanks

S “the Gold Grid Stalker” t

Thank-you

Stewart Thomson

Graceland Updates

Thank-you

Stewart Thomson

Graceland Updates