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Jan
10, 2011
BLOCKBUSTER
TIME.
1. Four
of the GoldLion's 8 "seven sisters" (now 8) juniors
natgas stocks I operate thru the PGEN
onwww.gracelandjuniors.com RALLIED
on Friday, while everything else melted.
2. Because
most totally failed to buy natgas weakness, failed to buy it as
an asset, but instead engaged in a juniors gold price chase
AFTER those junior golds SOARED, now they are not in any
position to act in natgas, because they are already burning on
the junior golds.
3. Oh
well, I guess somebody has to make you and I...richer.
4. GoldLion
sees both Uranium and Junior Golds "at risk" of
further lower prices and likes natgas juniors best for now.
5. Price
decline and risk are not exactly the same thing. Junior
stocks have a high risk of going off the board, so overall they
are high risk investments. But the distance in price
to ZERO is your absolute measurement of risk, measured in paper
currency and for the asset itself if it is STOCK. Read
that last sentence a couple of times. So, a
lower priced item offers less risk, per paper dollar invested
per share. [?!]
6. It's
not "2008 again" time. It's not "10%
correction time". It's buy weakness time. I
was pleased to see technician Morris Hubbartt stick to his
$1260 call for gold while emphasizing that gold and gold stock
must be bought NOW into this weakness. Most
technicians tend to issue intermediate trend price predictions
with great bravado but then totally blow it in the market
TACTICALLY by convincing even THEMSELVES that the item is
either a buy if it goes to their magical target, or NOT AT ALL
if it doesn't. Not to mention that when it goes
there they are too terrified and/or broke to do anything about
it. Morris is a rare exception to the technical
idiots rule. Morris doesn't know if gold is going to
hit his $1260 target. It might go below there. It's
ON THE WAY THERE so he's a buyer now. Because
he understands the asset-nature of gold. Regardless of
what he THINKS, the correction in gold against paper money
might also be over now for all heknows,
for all I know,
for all you know. Good
technicians understand the definition of an ASSET.
7. Gold
is the ultimate asset. Gold
is down $70 from the highs at $1430 against paper
currency. That kind of weakness needs to be bought,
provided you didn't already buy it and are still holding it.
8. I
call paper dollars: paper widgets. Gold is a
currency and it is, ultimately, measured in
ounces. Weight. Govt credits called euros or
dollars are also currencies. They are not measured
in weight. Read the next sentences very slowly and
very carefully:
9. Gold
is a currency. Dollars are a currency.
10. But,
only gold is: MONEY. A currency is not necessarily
money although even I use the term money to refer to paper
currency quite often myself. That's SLANG.
11. The
main
functions of money
are distinguished as: a medium
of exchange;
a unit
of account;
a store
of value;
and, occasionally, a standard
of deferred payment.
12. Paper
currency works as a medium of exchange, a unit of account,
PARTIALLY as a standard of deferred payment, and really not at
all as a store of value. In fact, it's the OPPOSITE
of a store of value. Of the four components of the
definition of MONEY, govt paper currencies only fully meet two
parts of the definition.
13. Gold,
and only gold, meets them all
fully. The nice thing about
operating with TWO currencies (gold and your home currency), is
that you can almost ALWAYS be booking profit on one, rather
selling one at a loss. When gold rises against the
dollar, you book profit on some gold with
your pgen.
14. When
the dollar rises against gold, you book profit on some
dollars.
15. Why
would you make gold your PRIME base currency? Well,
because you want LESS RISK to exist for the MOST TIME for your
WEALTH. Gold meets all four definitions of money
fully, while paper currency only meets two fully, one
partially, and one not at all.
16. Most
people have been brainwashed by the banksters thru the Gman
that paper currency is lower risk than gold, and that gold in
fact is high risk. These people think they are WISE. They
couldn't be wise if their life depended on it and most eastern
religion priests would view them as ILL or DANGEROUS. The
level of IMPATIENCE exhibited by the average western person is
"beyond irrational". The destructive approach to
gold bullion exhibited by most citizens in the
west ILLUMINATES that
ignorance and impatience.
17. When
the price of gold measured against paper money falls, they
don't understand that paper currency is rallying and profits
need to be booked on that paper. It's a
destructive cycle. They fall into a trap
of irrational and often hysterical fear, a fear that is fuelled
like a BONFIRE WITH GASOLINE by the banksters, that somehow
gold is failing against paper currency, that somehow the WEIGHT
of their gold is irrelevant, that somehow only 2 definitions of
money matter, not 4. Worst
of all, there is absolutely no thought that their paper
currency asset just rallied, and profits need to be booked on
it.
18. Winners
book profits in all markets. Wieners book losses in
all markets.
19. Instead
of booking profit on paper currency as it rallies against gold,
the wieners BUY it. The banksters love to watch and
fuel this hysterical and totally irrational action. Partly
to entertain themselves, and mostly to enrich themselves.
20. I've
stated that food has a legitimate claim to being a lower risk
investment than gold, BUT I DON'T BELIEVE IT IS. Gold
is both the lowest risk and most ultimate investment. A
donut-head can grow a garden. Can a donut-head mine
gold?
21. What
if the farmer dies? What happens to his
crops? Answer: They rot to nothing. What
happens to my buried gold if I die? Nothing. It
doesn't rust, it doesn't tarnish, and it certainly doesn't
rot. Ashes to ashes, dust to dust....ooops, not so
fast for gold on that front! Try burying some paper
currency. Worm food. Or maybe when you
dig it up the banksters issued a new currency and your worm
wood went worthless even before it became worm food.
22. Farmers
attach augers to tractors to build fences. The auger can
dig a hole into hard clay in a matter of seconds. A
deep hole yet sometimes above the water table. The
fence pole goes in the hole. If you know farmers
personally, and I do, you know how fast an auger can dig a hole
because you have watched them do it. That hole can
be marked physically and with GPS. Sometimes I
wonder if some of the gold I lost fell down some of those
holes...
23. Remember
that the currency that is US dollars, Canadian dollars, Euros,
Australian dollars....they are all measured not by weight, but
by govt and private sector promises to pay. Gold's
PRIME value is determined by WEIGHT.
24. Question: What
is the WEIGHT of your wealth? Don't be too speedy to
measure your gold bullion wealth in dollars, particularly as
your prime measurement of the asset, because that is an
ERROR. It's not a judgement call on this one. Don't
make me send paid sub and billionaire T-Rex to your house to
give you a whipping for failure to DEFINE your gold asset
correctly. Dollars are an asset. Gold is
an asset. Dollars are a currency. Gold is
a currency. Gold is money. Dollars are not
money. Dollar wealth is measured in number of
dollars. Gold wealth is measured in number of
ounces. What's your number? How do you
get more ounces as the dollar rallies? Answer: You
book profit on dollars and buy gold ounces with the
proceeds. Understand gold first. Build
wealth in ounces as a result of your understanding second.
25. Here's
a look at the paper dollar rally going on against
gold. Before I show you that rally, I should
mention that while Mr. Macro deals with mainly paper assets, he
understands MONEY. He understands GOLD. Better
than most in the gold community. It's very rare than
somebody dealing with paper assets understands gold
totally. He does. Huge paper asset
rallies have been nothing more than a decline in paper dollars
in many cases. Paper currency failure. When
King Kong called Mr. Macro the best investor in New York, he
probably brought us all a lifetime gift.
26. OK,
so here's the chart of the US dollar ASSET and CURRENCY
rallying against the ASSET, CURRENCY AND MONEY that
is GOLD: US
Dollar Asset Rallying. Book Profits.
27. Congrats
those of you, and me, who bought the US dollar asset into
weakness against gold. It's rallying. Use
your sell PGENS to book profits on the rally. I like
the 630, 673, and 713 HSR areas on this chart to book profit in
particular, but my strongest suggestion is you simply tweak
your pgen sells at those points to grab a little more
profit. I'll cover those in more detail this morning
on the site.
28. I'm
not issuing any congratulations to the MORONS who claim the US
dollar MONEY is rallying against gold. There is no
US dollar MONEY. There is US dollar currency. There
is US dollar asset. There is no US dollar
money. Those calling gold "high risk"
or "an asset to stay if it trades over $1430" are
lobotomized MORONS and bankster MARKS and financial FISH FOOD.
29. I
brought you the REALITY OF THE BANKSTERS'
actions in the markets as a
major theme of this letter for a
LONG TIME, particularly in 2008-2009. The banksters
buying assets on weakness while the funds who I called "the
fundsters" booked losses on those assets and placed BETS
against the assets after they fell. That was a major
theme of the letter for a LONG TIME.
30. Then
I brought you Elmer
Fudd Public Investor as a major theme in 2009-2010. I
showed you his financial markets stupidity, and that of his
advisors, who I called "golf ball advisors" and
together they are "team price chaser and price plopper."
31. I
brought you those themes for TIME until you fully understood
those themes and could use them
for your benefit in
the market.
32. To
really LEARN something, it has to be drilled into you, and I,
to the point we can't stand it anymore, and then you realize
that "I can't stand it any more" point is ONLY THE
BEGINNING OF THE DRILLING. Annoyance and resistance
is replaced withTRAINING. That
was the case with the bankster theme, and then with the Elmer
Fudd theme. New subs should go back and look at the
extent of time I spent on those themes, against the background
of the general market and geopolitical VIBE that was going on,
to LEARN what the longer time subs learned thru that daily trip
in the bankster and fudd GYMs. Learning in the markets
comes from daily TRAINING. It is thought, yes, but it is
repetitive training of thought that brings the results.
33. Now
I bring you the full
understanding of WEALTH and MONEY as
the theme of the letter in 2011. That
involves bringing the richest and quietest paid subscribers to
the forefront. Most of them are in their 70s and
80s, so it is about their WISDOM as much as it is about
defining money as gold, and understanding and training you in
that understanding, in this reality. Their
understanding. Their reality.
34. Money
is measured in ounces, and other
assets, including assets that are currencies but not money, are
the TOOLS you use to build MONEY.
35. Does
ANYONE out there other than the RICHEST among you understand
what is happening in the market right now? Dollars
are rallying against gold currency, but not against
gold money. A
subtle difference, yet the key to wealth building. You
have no loss of WEALTH as paper currency rallies against gold
currency because paper currency is NOT rallying against gold
MONEY, which is measured ONLY in OUNCES, and the richest
amongst you KNOW THIS IS 100% FACT. The banksters
understand all I understand, and all the richest amongst you
understand, but they are arguably EVIL. They appear
more interested more in TAKING than BUILDING, but both sides,
us and the banksters, understand that MONEY
is ONLY measured in OUNCES on a
SCALE. That is the common ground.
36. Gold
stock is not gold bullion. Gold stock is measured in
paper dollars. If you are converting gold stock as
it rallies into gold bullion to REDUCE RISK you are doing the
correct action. Stock can be diluted. NOT
BULLION. Gold stock, like paper currency, has a
massive risk of going off the board compared to gold bullion,
but also a massive CHANCE of rallying against paper dollars
much more than bullion will from here on in.
37. Remember,
you have built NO MONEY WEALTH, measured against a previous
point in TIME, if you have no more
ounces now than you did at that
point in time.
38. Many
(most) of you were short the stock market into Dow 6500 while I
bought it. I am telling you basically the same thing
now about WEALTH BUILDING that I told you then about the Dow.
39. Gold
Money has NOTHING to do with Gold Currency. Gold
Currency is an ASSET measured against paper currencies or
against other ASSETS like oil, the Dow, bonds. Gold
Money is measured ONLY against the SCALE. Those out
there who fail to grasp this reality need to understand you
look like an ANT dictating to an ELEPHANT and if you keep
DICTATING to the ELEPHANT the ELEPHANT will eventually get in a
RAGE and STOMP TO YOU TO DEATH.
40. 2011
is the age of the GOLD PUNISHER and the punisher is MONEY
measured in WEIGHT. The richest subscribers do not
answer to paper currency. They STOMP on it. I
want you to picture huge vaults of gold, millions of ounces of
BARS OF GOLD. That is the REALITY of the richest
Graceland subscribers' gold WEALTH. I don't
need to look at the gold writers out there now talking
"correction", because they are talking assets and
currencies, and TOOLS, not FULL WEALTH and certainly NOT
MONEY.
41. There
is no correction in gold on the scales of my richest
subscribers and there NEVER
WILL BE. There is
only more and more weight, more and more wealth, more and
more MONEY. A
tool is a means. Money is an END. Paper is a
tool. Gold is an END.
42. My
message to the paper bugs is: You had better make a
move and understand MONEY, because the punisher is on deck and
she's coming for YOU. 50,000
ounces defines you as RICH. The
numbers that define you as POOR, I won't mention, but let's cut
the paper widget accounting CRAP when it comes to measuring
MONEY and WEALTH. Paper currency is a tool to get
MONEY.
43. On
the currency front, shorter term gold looks like it could rally
against paper money from here, so I hope you booked SOME PROFIT
on the paper money that JUST RALLIED. Congrats to
those of you who are.
44. Don't
worry if you have ZERO understanding of MONEY at this
point. It's Jan 10th,
2011. Not Dec 31, 2011. The money
lesson has just started. But
even the poorest amongst you should feel a bit of ADRENALINE as
you can at least picture the possibility that the MONEY THEME
will make you STRONGER in 2011. It WILL. A
LOT stronger. I guarantee it, and I guarantee, as
you all know, almost NOTHING.
45. Richest,
Oldest (& therefore wisest!) Subs:
You're
On Deck!
Grid
Time. Keep an eye on the site this morning for the
use of SILVER, which is "clumsy money", for the
hottest and latest tactics to build more gold money.
Thanks!
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