Graceland Updates 4am-7am
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Oct 13, 2010
1. Charge! Gold and Silver are surging higher. Corn is giving poor Elmer "garbage bonds for safety" Fudd, and his golf ball advisors, a major lesson in what reward is. So far Fudd has only see what he is missing out on. Soon he'll get to taste the other side of the Great Gold Revaluation Coin. Risk. He's not going to like that very much, believe me.
2. I told you emphatically, and pretty much categorically, that the Western World public sector as a whole will not buy gold or gold-related items in this bull market. The Asian public will show up to chase price, because they not in a crisis. They are in an industrial revolution.
3. What almost nobody in the gold community seems to understand, is that IF the next phase of the crisis drastically devalues the net worth of the public, please tell me how they are going to, mentally or financially, be able to buy one ounce of gold, never mind play gold juniors gambler.
4. Did you see all the people in the bread lines of 1929 rushing down to the stock market to get in on the Homestake Mining action? The idea that a person on a breadline is going to be investing in the stock market or even thinking about it is nonsensical.
5. The next phase of the crisis will likely see Fudd sent to a very real bread line, as we are at only the very start of what I've termed...
6. The Great Gold Revaluation.
7. The Great Gold Revaluation is about devaluing paper money, but also, ironically, aboutstrengthening it.
8. The Gman, after the OTC derivatives bagholders, is the largest debtor in the world.
9. The Great Gold Revaluation (GGR) is about the banksters burning the world's creditors to ashes.
10. But it is MORE than that, just as the 1929 stock market crash was about a wealth transfer as much as it was about wealth destruction.
11. Unknown to Elmer Fudd Public Master Investor, for every seller in the open market, there is actually a buyer. Fudd doesn't care about who is buying when he sells in failure. He's blamer, a crybaby, and a loser. Why? Because he is a greedy price chaser.
12. We've all lived market life as Elmer Fudd, including myself. It's not a pleasant life, financially, and arguably even more unpleasant emotionally.
13. Just as the banksters bought up stock on the NYSE at pennies over the ask price at the bottom in 1929, while Fudd cheered them as saving the market, it will be the same again.
14. In the Bond Market.
15. The world's biggest debtors can't pay their creditors. Nor do they want to pay.
16. Enter the banksters with "the solution". What is coming next is not just about the destruction of the current creditors.
17. We are going to witness (and I'm going to take part in it on the buy side) a TRANSFER of debt from the current crop of moronic price chasers who hold that debt as creditors, to....The Banksters.
18. The boatload of creditors are going to find the banksters have two plans of action to make a fortune as creditors.
19. The first plan involves the destruction of paper money valuations, underway now. Gold is the tool of all toilet paper money devaluations. Hence my term, "The Gold Punisher". Gold is the punisher of paper money, and of paper money creditors who chase price.
20. The second plan involves the destruction of the bond market. Not just any bond market, but the US Treasury Bond Market.
21. After paper money burns and burns, and the bond market burns and burns, do YOU really think the creditors in those markets are going to be HOLDING IN?
22. No. They will be in my infamous "fetal position" beating on the SELL button. Have YOU thought about WHO will buy it as they sell in terror? It's not the man on the moon, despite the beliefs of Fudd. A huge transfer of DEBT is coming, from the weak price chasing hands of funds, individuals and govts, to the strong, mean, and ruthless hands of the banksters.
23. There is no end of the world coming, caused by "bankster mismanagement". What is coming is the greatest wealth transfer of all time. From the wieners to the winners, who will be buyers of that debt, ALL THE WAY TO ZERO IN A PYRAMID FORMATION. Those who have made money in the interest rate markets but taken nothing off the risk table, when they now should have all their initial risk capital OUT of those markets so they are working with the market's money, not theirs....they will find their "growth with safety" clownshow is razed to ashes by the banksters. Picture a giant version of the "re-invest ALL my dividends in more stock" wealthbuilder razing.
24. With the bond markets crushed, and the dollar in the tank, and the creditors selling their "debt investments" at ANY PRICE, the banksters, after buying that debt from the wiener patrol, will move to raise the role of gold into the money system. Gold is the item used by the banksters -at all times- to control the value of paper money. "Gold is money. Paper Currency is CREDIT" - JP Morgan. "Gold is risky, but it's going up, maybe I should buy it!" -Elmer Fudd. Yeah, but wait till $1400 Fudd, so all the emotional juices are flowing, before placing your buy orders. Don't be an idiot like me and buy it into 1156 on weakness. If you act like me, then you're only up $200 an ounce on your latest buy. What a loser I am. Wait till 1400, or make it an even $2000 so you know it's really "here to stay". Don't buy any gold stocks either. You'll only make 1000%. Grab those ¼% bank account rates, before the banksters cut em lower. Good boy. Good Price Chaser. Here's your dogfood, that's a good doggie. Now go lie down and wait for the banksters to kick on you.
25. As gold's role is raised, the RISK of holding debt to the CREDITOR will DROP DRASTICALLY. The banksters use gold to raise or lower the price of toilet paper money.
26. Since the banksters only care about themselves, it's obvious that when they become CREDITORS, they want to own the most solid credit, bought at the lowest price. They don't think like Fudd, sitting on a plane to see Alice In Wonder Land on a price chase to the sky. If you want the most solid credit, you want it backed byGOLD.
27. All the BLAB you see in the media about central bank gold buying is a bankster media game to massage the mind of Fudd, massage him into believing that buying gold back from the banksters at current, and much higher prices, is a very wise decision on the part of the taxpayers, after massaging him at gold $400 that selling all gold would be a brilliant move to enhance the value of his toilet paper money and himself.
28. Forget about bonds, and keep all paper money bull pgen plays SMALL. Don't short bonds, because bonds could go to 200 or higher, before the banksters turn out the lights. 500 is unlikely, but possible. Bond prices move exponentially higher as rates are cut closer and closer to zero. "Let's see how little interest rate we can pay these morons and they'll line up for it. Let's call it the Safety-With-Growth trade" - banksters. 2008-2011.
29. Prediction: In 2011, The NoGrowth with NoSafety trade lights go out in 2011 for Fudd.
See you on the Grid. Responding to price. Don'texplain gold's current price rise to the price chasers. Book profit into it and count the profits in your core positions you bought when you were counting all the reasons why gold was finished. Those feelings you had at 1156 are not gone, but with gold STOCKS, we are at a pricing like Gold 1045 as we rose UP from 680, with EXPONENTIALLY more UPSIDE. Bullion is up 18% since the 1156 lows. Wowee. Many of the juniors GoldLion literally BEGGED you to buy in August, are up 100%, with many up more. That bullion "failure" against gold stock will only accelerate. This is the time for gold stocks and the actions of the gold community chasing a tiny 18% move in bullion are like a microcosm of the major public investor community madness, chasing ¼% annual yield bank accounts before yields drop. Insanity. Battle Lines are being drawn in the gold community. OK, I admit it, I'm the one starting the fight. The fight is: Bullion vs Stocks. I'm on the Gold Stocks Team.
Chow.
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