Aug 21-22, 2010

Week-end Update.

 

1.    We may be entering a period of some price danger for the gold market,
and most risk markets.  Risk for your trading positions ONLY.

2.   You recall as we fell towards 1156 from 1266 I urged you to buy with
your Pgens.  

3.   You know that thurs and Friday I became more emphatic about selling the
current strength.

4.   I suggest you all check GL's comment's on the site regarding the latest
COT reports for gold, the liquidity flows report.

5.   I'm not expecting 2008 again. I'm expecting the usual bankster games
that "accidentally" occur from time to time.  If you look at the gold sites,
you'll notice the mood is becoming what I term "nonchalant" about the gold
markets.

6.   We've seen the GDXJ and the BMO Juniors ETFs rising in price at a 250%
annualized rate of price performance over the past 4 weeks, yet goldland
seems to think that's what we're all "owed".  Don't sneer at a 20% gain
offered to your trading positions.  Book it.  

7.   At the same time, those of you who have acted rashly in the past with
CORE positions, need to calm down.  Nobody amongst the professionals I know
is selling ANY of their core positions, and in fact they'll be ADDING to
them IF we get a coming hit on gold.

8.   For now, the mkt looks strong, and we might push towards 1250 next week
although I wouldn't bet 25 cents on that action.  If so, your pgens will be
booking more profits while the teckies call a move over 1240 "The breakout!
Buy!".

9.   Only LOSERS try to TRADE their way thru a BULL MARKET with CORE
POSITIONS.  They end up at the end of the bull with NOTHING.  Winners grip
core positions TIGHTER in corrections and ADD to positions.  

10.          With your TRADING positions, however, what I'm seeing from the
gold writers is a theme of MARSHMALLOW thinking.  SOFTNESS.  That's the kind
of MINDSET the banksters like to set up.  "All LOOKS fine, all FEELS fine,
so just chase a little price here, you'll be ok, it's the strong season for
gold".

11.          Yes, it IS the strong season for gold, which is ALL THE MORE
REASON WHY THE SCUMBAG BANKSTERS WANT TO TAKE YOUR GOLD SO THEY MAKE ALL THE
PROFITS AS GOLD SKYROCKETS, THEN SELL IT BACK TO YOU SOMEWHERE BETWEEN $1500
AND $1800 WHILE LAUGHING THEIR HEADS OFF.  It doesn't matter if gold is
going to $2000, if the banksters take YOUR gold on a $50 hit, does it......

12.          There's ZERO evidence that 1156 is the bottom for gold,
balanced against 100% evidence that YOU have paper and booked profits on
what you bought INTO those lows.  

13.          We MIGHT have made a bottom for gold at 1156, but maybe not.  

14.          My big picture view remains the same: We're setting up for a
powerful move to the upside, led by gold juniors.  September sees a lot of
juniors reporting on progress they've made at their properties, and some may
"geyser" even if the banksters are beating on gold and the major risk
markets at the same time.

15.          Some juniors charts are following the GDXJ and the BMO ETFs,
while others are falling in price.  If YOUR favourite juniors "looks good",
that is ALL THE MORE REASON TO SHOW A PROFESSIONAL LEVEL OF PATIENCE; IF
YOUR FAVOURITE JUNI0R GOLDS ARE "LOOKING GOOD", THEN DOESN'T IT MAKE SENSE
TO WAIT FOR PRICE TO DROP, AND THEN BUY WITH THE CONFIDENCE THAT YOUR
SITUATION IS LIKLEY NOT GOING OFF THE BOARD?  Nothing is "getting away".  

16.          Elmer Fudd Public Investor is engaged in another moronic price
chase.  He's bought the bankster propaganda that house prices to infinity is
possible, and is how long term wealth is built.  He's moved into the "growth
with safety" trade in one or a few huge price plops.  Soon Fudd will realize
there is NO RECOVERY, only a VORTEX going DOWN.  That will drive the
price-chasing MORON into even MORE PAPER MONEY CASH for perceived SAFETY.

17.          The house prices to infinity game has increased the costs of
living drastically, and debt levels even more drastically.  Recovery comes
from bringing house price down, so the average citizen can afford a home
with modest, not nosebleed levels of: debt.  Recovery, however, is the LAST
thing on the minds of the BANKSTERS.  What's on their minds is....

18.          COLLECTING MORE OF WHAT THEY ARE OWED, WHICH IS LIKELY A
MINIMUM OF $300 TRILLION, IN OTC DERIVATIVES WINS.

19.          The situation in Iran continues to deteriorate, while Fudd
continues to slurp down the "no news is good news" lies fed to him thru the
bankster propaganda firehoses.  The pro-Israel camp feeds themselves the
delusion that an attack on Iran will go just like the attack on the Osirak
reactor years ago, while the anti-Israel camp hopes it fails totally.
Meantime, camp REALITY, comprised of citizens in both Israel and Iran, sees
a horror show unfolding that could drag the WORLD into a horrific economic
nightmare and create new waves of terror attacks and a huge long term
escalation of the military conflict. 

20.          If you want to get a picture of the worst case scenario for
where the Iran situation is going, picture all global banks in the Western
World closed with millions of Fudds standing in line outside of those banks
waiting for them to open for his RATIONED TOILET PAPER MONEY.  Then picture
hundreds or even thousands of suicide bombers standing in those lines
alongside all the Fudd's, with their own "interesting" agenda.  If the
banking system closes, the food stores soon follow. FAST.  As we roll into
the next much worse MULTIPLE stages of the crisis, let's see how loud Fudd
laughs at those of us holding physical gold and silver and dry food supplies
and farmland, like he laughed in 1999 while wearing his best "new era" price
chasing outfits while he marched around like Puffy the Penguin.  Let's play
those words back for him now, as he  laughed at gold bullion, laughed as the
banskters sawed in half the BACKBONE of the global financial system by
ordering their central bank manager flunkies to sell it with no buyer ever
revealed because they sold it to themselves. As the banksters sawed in half
the spinal column of the WORLD, Elmer Fudd cheered.  What a MORON.  Listen
to his laughter: "ha ha ha, ho ho ho, hee hee hee."  

21.          Hey Fudd, still laughing now?  What's the matter, it's not so
funny now, IS IT?  Have your big laugh Fudd, go for it, because the bankster
"solution" to your crisis is: YOU standing in a bread line.   

22.          So we prepare for next week by COMPARTMENTALIZING the REALITY
of the crisis.  We're not in a physical war.  None of us have got our limbs
blown off.  We don't have real ebola.  REAL soldiers in REAL WAR can still
manage the odd laugh.  They COMPARTMENTALIZE their LIFE.  We have a VASTLY
easier job in front of us than they do.  We're not a starving child with no
parents.  The bankster games we face daily in the gold and general risk
markets are CHILD'S PLAY compared the hurdles faced daily by MILLIONS in war
and sickness.

23.          So we compartmentalize.  We sell our trading positions into
CURRENT strength, while gripping EVER-TIGHTER our CORE positions as the
economic crisis INTENSIFIES.  Gold is the punisher, and the crisis ends with
the PAYMENT of SOME of the debt owed, with gold the mechanism of forced
collection, operated by the BANKSTERS.  To what extent the crisis "really
ends" will depend on the amount of debt PAID to the gold collector.  

24.          Gold at $100,000 sees MOST debt paid.  Gold at $1500 sees only
a tiny fraction paid, and $1500 keeps the door is kept wide open for a whole
new crisis that DWARFS the current one in size, and destruction, and new
powers for the banksters.

25.          My prediction is the gold punisher calls a halt to debt
collection at gold $6000.  The answer will be revealed in TIME, not price,
by the linking of paper money to gold.  At the TIME of the link is the TIME
of the end of the gold bull.       

26.          As I sign off this morning, keep in mind the story of 1929 and
the Great Depression.  There was no rush to gold juniors by greedy
investors.  All that existed were millions of impoverished price chasers
standing in bread lines, their greed destroyed by, and debt paid to, the
gold punisher.

27.          It will be the same again.

28.          Are you part of team Rip Van "growth with toilet paper money
safety" Winkle?  Who when the banksters wake him up, is going to find
himself on his knees in the bread line?  

29.          Or are you a gold price grid stalker?  For your trading
positions, there is only the Price Grid and the Grid Stalker who is YOU.
For your core positions, there is only your iron hand.  

30.          Everything else is a mirage.  

 

See you out there,

Thanks,

Cheers,

St

 

Thank-you

Stewart Thomson

Graceland Updates