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Nov 3, 2010

1. There are a number of USA firms that facilitate the placement of IRA funds into hedge funds. Before you leap into those tax-free money waters, keep in mind that if the fund itself uses leverage (99% of them do), the tax-emption on gains may not be applicable.

2. It's now been 4 weeks since the price chasers announced that you had to buy gold before it ran to the moon and left you behind. Most of you told the price chasers to jump in the lake. Price is basically the exact same price today that it was then, with some solid people saying the gold bears could have the upper hand right now. If gold breaks down under 1320, I think the price chasers WILL jump in the lake. The paper money lake. Picture yourself holding your hand under the 1320 area, waiting to catch all the gold items.

3. If you think the gold news is "a bit negative" now, wait til you get a taste of it under 1320. I personally don't believe gold is going under 1320, which is EXACTLY WHY I HAVE A MOUNTAIN OF BUY ORDERS UNDER THAT PRICE.

4. The US elections have created some new opportunities for Team Pork Barrel to milk the taxpayers with great debates on how to solve the debt issues. "Much ado about nothing", somebody fairly intelligent once said...

5. You bought into the $70 gold decline and sold some trading positions into the rise. Gold juniors stocks have done much better. While overall they stopped rising about 6-7 weeks ago, many have risen to new highs after taking a modest hit.

6. My theme has been "Golden Popcorn". Some juniors keep rising, other begin to rise, and you continue to respond professionally to price to manage the situation profitably.

7. When you play too big, you can create the appearance of reality, when only a mirage exists. I don't see why anyone needs to "monitor this key situation" or stand aside, with regards to the current gold market and the actions of the Fed today. The gold price grid of your buy and sell orders is key, not Dr. Pinocchio's latest scheme to take your gold.

8. Are the banksters standing aside in the gold market yesterday or today or tomorrow? No. If the gold price goes on sale, you want to be a buyer, alongside them, of at least some. Liquidating positions you bought recently "at a small loss" while "awaiting the Fed" is madness.

9. You have just witnessed what a mere $70 of gold price weakness does to the spirit of the price chasers. We're going to find out what $200 and $300 of weakness does, but that is likely from levels quite a lot higher than here.

10. Those who "stood aside" from gold the past couple of days (and sold into lows) can stand aside right now, while we ring the cash register. Why? Because gold tagged $1360 early this morning, that's why. Maybe they can ring a toy cash register if that helps to make them feel better. Here's one that just came out of the cracker jack box. I'll courier it over to them....

11. The Dow. The rumour is that President Obama is going to try to get corporations to invest more cash. That could be part of a larger scheme to use the stock market to devalue the US dollar. Elmer Fudd Public Investor is not going to buy the Dow. He's had it with his long term wealth builder portfolios.

12. Take a look at www.finviz.com and look at the insider buying and selling recently. Insiders Booking Wins!

13. It's selling. What happens, sadly, to the average person in the gold community, is they see the insider selling and think, "short it! The insiders are bailing!" I don't chase price and there's no question that the stock markets have been rising.

14. But the insiders are not "bailing" or "running for the exits". They are booking profits, huge profits, on what they bought at much lower prices. It's time to join them on their next buying spree. Put the top-calling prizes back in the cracker-jack box alongside the toy cash registers. It's a waste of time...and a waste of real money.

15. There will come a time where the insiders buy again in a campaign. When they do, on weakness, this time you want to be on the buy alongside them. Right now is probably a very good time to kill the "short the dow" addiction that is present throughout the gold community. If you have failed to make money in the Dow over time, do not short it here. Leave it alone. Kill the addiction. Focus on buying solid weakness alongside the insiders, alongside the banksters, when it happens.

16. I don't think you don't want to be writing me at Dow 25,000 saying "but this looks real, the Dow really could make a run upside!". It's all too late then...

17. As it will be ALL TOO LATE for those running after natural gas, the world's most volatile commodity, when it starts to run. Those of you accumulating gas into this severe weakness are probably going to be stunned when you see the volatility dragon return to the market at much higher prices.

18. As far as I'm concerned, natural gas IS untradeable, unbuyable, in any market conditions other than a total and steady meltdown like we are in now. The volatility in a rising market is obscene, and price charts in natgas don't really work at higher prices, yet the wiener patrol tries to use them anyways. It's the ultimate turkey shoot for the banksters. Leveraged traders playing NG at higher prices, in my opinion, have a 99.999999999% chance of losing all their money.

19. As hurricane season winds to a close (both the financial and weather hurricane season), some of you suggested I go to the Caribbean to meet with some banks, lawyers, and accountants. I'll keep you posted.

20. We're all in a pretty solid position right now in the gold market. We've taken action with range pgens in the $1400 to $1300 range. It's been solid, and that follows the upside blast from your buying into $1156. I suggested to king kong yesterday, who holds a lot of silver, that a silver spike should be sold, not bought. A spike, if it occurs, is going to attract morons like Sad Sack to the silver arena. It's very difficult to see gold going down while silver spikes higher. A move to somewhere between $35 and $50 is very possible. My suggestion is to fade out of silver and into gold IF such a move occurs. Use a feathering process, not a one-time plop.

21. You can use the paper markets to achieve the desired result, putting on a spread trade pgen, shorting silver into strength while buying gold, as a means of booking profit on a PORTION of your physical silver, and rolling those profits into GOLD.

22. Most won't sell any silver into a spike. Horrifically, they'll buy it. Then once all the price chasers are all in, maybe the banksters will take the silver market to liquidation-only for a few weeks again, like they did in 1980 after shorting it themselves, frying all the price chasers in one of the greatest market burnouts of all time. I know solid business owners who chased the silver price buying at $35-50 in 1980 while I sold, and then they sold out at $5 an ounce in total bitterness 20 years later. Maybe they can do a "rebuy" at $50. Or should I say.... A "re-roast".

23. There is an outside chance that silver goes to somewhere between $80-200, depending on how QE/Gold Revaluation/General Gman mayhem plays out, so you want to own some. Don't think like a silver race car driving the city streets with bankster financing for your "can't lose" fuel. Think like a gold turtle, wearing some silver jewellery. Doctor Moderation wins the silver profits race, not Mr. or Mrs. Over-leveraged-SilverFiend.

24. I want to cover the oil market today on the site.

25. Keep in mind that Jim Sinclair got actual death threats from the gold community's top price chasers, when he sold $2 billion of gold on the day of the top in the 1970s bull. Actually, it was in the night that he sold, while the price chasers were pipe-dreaming in their beds. Barrons and Forbes blamed him for wrecking the bull market. Buying items like the Dow, on severe weakness, serves not only to make you money, but to build and maintain the key segregation of gold as the key control mechanism of the world's financial system, from gold as an investment for price appreciation.

26. Prices of major assets tend to appreciate by stealth. In a major bull market, prices of all commodities tend to ALL make all time highs, but the accumulation process for the top investors is many many years.

27. Gotta roll. Gold just shot vertical upside again. $1364. Time to ring my cash register. I wonder how Team "Stand Aside And Follow Dr. Pinocchio's Latest Gold Grab Instructions" is feeling now? I better get a few more boxes of cracker jacks...

See you out out there. Stalking the Gold Grid.

Keep it REAL.

Thankyou