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Nov
24, 2010
1. I
posted what I consider a key video update on the site last
nite, and another this morning. Both concerning
the US dollar.
2. Once
again this morning, we see gold and the USD moving
together. Moving up together. Once again,
we see the wiener patrol stepping forwards to hand the
banksters, and you, their gold, because it might crash.
3. The
key point to consider before throwing your gold in the garbage
to "avoid the correction" is to ask yourself the
following question: "Has that action, the
action of throwing my gold in the garbage to avoid a
correction...would I say I have benefited or caused myself
financial damage by my actions, generally, over the past 10
years?"
4. There
is nothing to fear but fear itself. The damage to
investors comes from fear, not from the movement in price.
5. Gold
and the dollar most in opposite directions during many periods
of time, and together at others. Over
the most amount of time, the dollar goes off the board
and gold laughs its head off while Fudd hits the bread
line. You decide what you should do if you think the
dollar could rally here, what you should do if you know gold
will fall if the dollar rises.
6. I
don't know anything,
but I respond with action to
everything.
7. My
suggestion is, and has been, that to survive the main theme of
the gold bull market from the 1225 area until it ends, is
VOLATILITY TACTICS. The idea that a clam-baked
market prophet is going to fare even better calling
intermediate market direction, during an extended period of
high gold volatility, than they did in one of low gold
volatility, is totally ridiculous.
8. Buy
gold on its weakness.
9. Buy
the dollar on its weakness.
10. You
might be buying one while selling the other, or you might be
buying both at
the same time. Or,
selling both at the same time as
they rise together. Respond
professionally to price, and do it independently in each asset.
11. I
bought the dollar into the latest weakness just as I bought the
euro to zero weakness. I bought the gold weakness in
bigger size than I bought the dollar weakness.
12. Why? First,
just as a heads to any Elmer Fudds out there who need a wake-up
alarm clock in addition to looking at their emaciated stock
market account statements, we are actually in the
greatest financial crisis of the past 80 years,
one Fudd totally failed to predict even 1% of, one I predicted
near-totally, and if the crisis was marked to market, instead
of marked to model lies, it would
be the greatest crisis of all time in the history of the
world. Second, all paper
currencies, all of them, have all gone to ZERO, over the
history of the world. Third, paper money is the
currency of trade, so I already own a pile of it. So
as far as loading up on USD in monster size because I "know"
it can't break the lows and start an institutional money
panic: I bought SOME USD on weakness into the exact
lows in a pgen formation, yes, but...
13. There's
a limit to the number of exploding USD cigars I want to be
smoking.
14. When
you are playing an item in an uptrend with the PGEN, you have a
different job than in a downtrend.
15. In
a downtrend, the buys fills get filled easily, and your account
draws down, and down, and down. In
an uptrend, you need to work harder
to enter the orders because price doesn't give you the amount
of time in the "weakness zone" that you get in a
downtrend, so you need to watch price, or pay somebody to watch
it. There is not a third option. Sorry,
but the "how do
I make free money without working" button has been
disabled. The banksters
want people to think the market is an "investment"
when it is a war, a job. It can be a part-time job,
but it is still a job.
16. Sadly,
many waddled up to the Gold buy counter at $1387-1424, with the
same MINDSET they brought to every other price chase, every
other failed price chase, over their lives. Most
actually DIDN'T buy. They got scared when gold sold down to
1315. To really get their price chasing juices
flowing, we need to get back over 1424, which they will see as
a confirmation that they knew where price was going, and that
it will continue to rise steadily in a low volatility move as a
here to stay asset, making them free money. I wonder
if this price chase ends differently for them than all the
others.... When Fudd realizes what the banksters have planned
for interest rates over time, for his bonds over time, it will
be too late to act, but not too late to get in the breadline.
17. IF
you are a gambler that wants to "get" the
bond market, the 128 area is not a bad gamble on the short
side. I personally am focused on natgas, uranium,
gold stocks. Not bond shorts. I
like assets more than bets, and I'd rather buy bonds and hold
them for 30 years after they are obliterated, than try and play
top caller. Still, the risk/reward set-up makes
shorting bonds a decent gamble, for gamblers only, with money
to burn only. If you do it, make sure you use a
pgen, rather than being overly sure this level is the top for
sure.
18. Speaking
of assets like natgas,www.gracelandjuniors.com subs
should check out the update I posted on GoldLion's Cequence
junior gas stock
last night, that just jumped 30% in a week. It's
one
of his seven sisters natgas juniors,
and you may remember when he began screaming in July that gold
juniors were about to blast off while others were calling for
"2008 again" while I said "the opposite of 2008"
is coming to gold juniors. Cequence is a 2 dollar
stock now, and while it jumped into the trading cash registers
on that superpop upside, just a small reminder to you, that
it was trading at $11 in 2008.
19. What
is coming in natgas juniors is going to blow the minds of Team
Gas Glut. The
Gold juniors popcorn started the same way, one small kernel
popped first. Then it
went insane and GoldLion (and some of you) lost his hearing as
the kachingo decibel levels went off the charts, machine gun
style. Maybe team gas glut should pay a visit to
team "2008 again" and exchange sob stories.
20. While
you get richer!
21. Some
of you thought that I started pushing juniors because GDXJ came
out. No. I tried to start a subscribers
choice index as gold hit the cusp of what I believe was the
third leg of the bull. Juniors
do best in the first and third legs. The
problem with the first leg juniors show, is that many get
destroyed or permanently diluted in the 2nd phase. Those
who picked just a few "juicy" ones did either very
well or got blown away. By
the 3rd leg,
the juniors have got better financing and some are
producing. At minimum,
you have reduced the odds of your investment being defined as a
hole in the ground with a liar standing on top of it.
22. GDXJ
came out as I tried to develop a sub choice index of juniors,
so obviously it made sense to go with an NYSE TRADED ETF using
the PGEN, rather than a non-traded index. The first
range was the $30-20 area. All of you who built core
positions in that area are way in the black. In
Canada there is the "GDXJ
twin", Bank of Montreal's "ZGJ".
23. As
silver rises, the now in-play mentality that "the common
man can't pay $1400 for gold, but he can pay $50 for silver, so
silver is the better buy, let's chase it!" will become a
bigger voice. For the record, I think silver
is going much higher too, and then it will crash and send all
those "common men" to the banksters' financial
incinerator.
24. Forget
"common man" when it comes to silver. Remember:
COMMON SENSE.
25. For
myself, I've already quadrupled my money in silver on a lot of
positions. "Parking" some of it in GOLD on
massive silver strength between here and higher prices makes
100% common sense. Parking
it in the price-chasing mentality of the common man makes ZERO
common sense.
26. Coca
Cola and Walmart were built, AND ARE
MAINTAINED, one small profit at time. Repetition of
consistency, not one big score. Hold SOME silver for
the big score. I don't think those who didn't sell
at the top in 1980 (I did sell at the top) understand how MUCH
FASTER silver could tank THIS TIME than last time, and last
time was a total obliteration of
the silver price chasers in just months. Price
has yet to recover from 30 years of agony for those people.
27. That's
the REALITY of your COMMON MAN.
28. (Try
magnifying that picture of HORROR by about a BILLION and you
have a vague idea of what
is coming to the bond market "growth with safety"
price-chasing IDIOTS. It's
called a BREADLINE.)
29. I
doubt many grasp the ramifications of the banksters taking the
comex to a cash-only, no margin borrowing situation in a
surprise move. Odds are high that all the silver
price chasers will get to live it.
30. The
common man is going to be, shall we say, "less common",
by the time the banksters finish with him in the silver market.
31. Congrats
to one of you for sending me a video of a UK house of lords
member discussing how the banksters may hold more physical gold
than the entire historical reported gold mine production of the
world. "In this bull market, it will be the banks
that make all the money in gold on the long side, just like in
the 1970s.....These
bildergergers and banksters are long physical gold....up the
yin yang!" - Jim Sinclair.
32. Question: Do
you think the banksters are selling their gold because there
might be a head and shoulders top on the chart, the h&s
they just painted on there with a "hundreds of thousands
of comex trades" paintbrush while goldland thought price
was "getting away" at 1387 but now KNOWS they should
WATCH?
33. The banksters'
gold chart painting now says YOU should sell, so they can
BUY. Nice artwork. Congrats to the banksters'
kiddies. The banksters are buying gold heavily in
this area on weakness, not selling. I wonder
why? Meantime, Fudd is "evaluating the
situation". Fudd should evaluate his
mirror. There's a clown showing on it.
Grid
Time. Check out the Agricultural action I'm posting
now on the site. See you there.
Thanks!
Cheers!
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