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Graceland Updates 4am-7am Email: |
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Mar 9, 2011
1. Some of you just asked me about offshore juniors funds. Others wrote that juniors should be part of a general offshore gold fund. Send me an email telling me whether you think offshore gold funds should operate with a juniors component in a main fund, or have a separate juniors one. I think funds should have a % limit on juniors if it is in the main fund, and prefer keeping it separate, like I do with Graceland Juniors letter. 2. In regards to juniors generally, I did meet with a very interesting individual last night. I bought him, and his crew, dinner. His name is...GOLDOLOGIST. He's one of the top geologists in the world, and is the president of a metals company that most of you know. 3. Goldologist has developed what I would describe as a unique ability to describe the BOTTOM LINE at a particular company on a geological level, in terms of what actions are likely best taken... to maximize shareholder value of a company. 4. If you look back at the performance of the Graceland Juniors Top Ten since the summer when GoldLion urged you to buy those stocks for a major move with my PGEN that he uses himself to "rule" all his juniors trading, you can see hundreds of percent gains in a few months on most of the items, followed by the drifting/dragging since the Oct "loss of sanity point" label I issued at $1387. 5. Goldologist might have a couple of situations trading at under 20 cents, that could be VERY interesting, provided you run a pgen on them to zero, and understand that the ability of a juniors company to EXECUTE on its plan, not just the size of the RESOURCE, is a very big factor in terms of whether the stock runs UP, as gold community darling companies like SanGold and Jaguar just found out....the very hard way. 6. Those who tried to bottom call these and other companies have watched their motherlode of gold turn into a motherlode of ....PAIN. Sangold has a head and shoulders TOP in play with a TARGET of ONE DOLLAR. Who knows, who cares, if it plays out. Those of you with pgens to zero on this and other such stocks are in laugh mode. Those who thought you bottom called it, with a huge plop of risk capital, are finding you may be an egg in the banksters' Sangold fry pan, and they just turned the stove on. Last time I checked, eggs don't have legs, so exiting the pan may not go too well for those in there. I would not personally consider buying any juniors stock to any price other than zero. There are just too many unknowns in play. All my juniors stock pgens end at ZERO. You can also consider the 30% shorting component to keep yourself sane. I use it on most of my pgens..... 7. A weekly press release (or an hourly one?) that states in big bold letters,"DON'T BOTTOM CALL MY STOCK, BUT INSTEAD PGEN IT TO ZERO!", issued by the president of the company, should be a "MANDATORY" requirement for all juniors companies. 8. Mandatory.... IF they are interested in seeing their shareholders profit. If they are just interested in enriching themselves while the shareholders burn, then they should continue to operate as they do now with trumpet calls about their excellence as price soars, and not a word of support as price TANKS. Most shareholders will be destroyed before the bull ends, as they bring more and more new money to "buy the dips" as price soars. A mini pgen on the micro dips overruled by a REVERSE pgen (price chase) on the stock OVERALL is not the road to wealthbuilding. 9. That's the road to: INCINERATION. At the hands of the BANKSTERS. The banksters are active in the juniors market, and we haven't seen the last of the takedowns by any means. 10. Ask the gold community to work together to put aside ONE DOLLAR to buy gold on every $10 dip, to slowly begin to compete with the banksters, and the answer is: "No! Why should I!". Well, that's fine, but it's also 99% of the reason why the banksters are able to do what they do to billions of investors, which is:beat them to a PULP. There is no coordinated plan of ACTION to COMPETE for assets with the banksters when those assets go on SALE. 11. Monty Guild vs Jim Rogers. Monty Guild vs MIGHTY MAN. Monty is a phenomenal investor, but I have to say NO to Monty, I have to say no to blowing out any of my food core positions while Mighty Man says, "Huge bull market in agriculture. Agriculture prices are still extremely depressed on a historic basis.... The scope for price increases in agriculture is staggering." -Mighty Man, March 7, 2011. 12. Thanks, Monty, but I ALREADY have SHORT positions on corn and wheat put on against my core INTO the highs. I don't know anything about predicting price CORRECTIONS. I know when the food market grocery says, "wheat on sale for Stewart, now!, corn on sale for Stewart, now!" 13. When it IS on sale in size, then I'll respond by booking profits on my shorts in size, and therefore going MORE LONG in size, as I ring my shorty pants cash register. When it's on sale a BIT, as it is now, then I go a BIT more long. I'm not selling my food core positions any more than I'm selling my PHYSICAL GOLD. 14. One of you sent me some MINDBLOWING statistics on natural gas yesterday. You are a chartered financial analyst, not a chartered financial wiener. I'll post more of it on the site. Here's a teeny piece: A lot of the drilling being done on natgas is done now SOLELY to keep the LEASE on the PROPERTY. When a natgas company gets a property, it is generally MANDATED to drill within 3 yrs or so, regardless of the PRICE of natgas. Or it is BOOTED out of there. Further, the shale programs are overly expensive, and the wells are being depleted quickly. 15. I'll add two items to Mr. CFA's commentary: 1. Silver in 1997 is NatGas NOW. The Gold to Silver ratio reached extremes, and then silver blasted higher. Take a look at the EXTREME oil to natgas ratio. Also, the head of Gazprom, Russia's largest natgas company, calls the whole shale play a BUBBLE. I agree. Just the breakeven point for most natgas companies is well ABOVE current prices. 16. I'll destroy the natgas bears. Only a market idiot books no profit after an item falls from $13 to $2, and instead ADDS shorts to those put on in the $7 area after missing the 13 to 7 ride. I hope shorty keeps adding to his position. A bigger bonfire will be the result, as the banksters refuse to buy his shorts when he tries to finally unload. The shale blue whale.... meets the bankster great white shark. I wonder how the show ends for the whale.... 17. Some of you have mentioned that uranium is "tanking". I don't see it that way. What I see is a monster asset that just soared ONE HUNDRED PERCENT IN 6 MONTHS. 18. Demanding ANOTHER 100% gain in 6 months is not very smart. Instead, think: "possible 25% correction, possible 50% correction, or maybe possible total retracement of the whole move. Who knows. Who cares. Little weakness equals little buys. Medium weakness equals medium buys. And big weakness equals big buys. All the way to ZERO." 19. Some uranium stocks soared 300% and 400% in that 6 month timeframe. I think one of Goldlion's Uranium top ten portfolio scored a TEN BAGGER in 6 months. You can't seriously expect that kind of action to continue without SERIOUS price retracement that could occur at ANY TIME. Many of you are trading VASTLY too big in CURRENT price ranges. Don't be too obsessed with the "now". Remember that most of the gold community said SELL as we fell into $1156, and many said in writing, SELL EVERYTHING. You need to have the capital ready to buy when others start to squawk in pain. Those of you who BOUGHT uranium into yesterday's lows saw it POP from those lows right into your CASH REGISTER... the same day! The bottom line: Kachingo!!! 20. My own bank trader friend, as we tagged gold lows at $1156, was shorting oil, shorting gold, shorting gold stocks, the Dow, and shorting the Canadian dollar. He urged me to "do the same for your subscribers before they get badly hurt". He meant well, but he didn't perform well. As I said, those closest to you, even your heros, will be WAYLAID in this mkt as we go forwards. At $1156, GoldLion said, "These people have it all wrong. Don't SELL EVERYTHING. Instead... BUY EVERYTHING!" Sadly, the only thing my bank trader friend was long, were a couple of micro junior diluted golds, one of which went off the board. He doesn't even answer my emails now. What a horror. I asked you to bow your heads, for a moment of silence for him, months ago. Perhaps a 2nd moment is in order now. Thanks, and I hope he appreciates the group gesture... 21. With URANIUM, or FOOD, or ANYTHING, you need that ability to accept FAR LESS REWARD during most market moves. You need to wait until you see WRITING in the gold community that says, "well, of course uranium is a great long term asset, but something is WRONG here". Translation: What is WRONG, is a PRICE CHASE on FIRE. 22. Thanks to one of you for sending me the mindboggling FUDD IS BACK article on the general stock market yesterday, a market which I've begun SHORTING. It quotes various wiener brains stating that the "crisis seems over" (LOL), and so it's time to PRICE CHASE a ONE HUNDRED PERCENT RISE IN THE DOW JONES INDUSTRIAL AVERAGE. 23. First they sell in total failure, into the DAY of the Dow 6500 LOWS. Now they BUY? That's MENTALLY RETARDED. GE is up almost FOUR HUNDRED PERCENT. YOU DON'T BUY GE NOW...... 24. YOU BOOK MONSTER PROFITS ON IT!!!!!!!!!!!!!!
Gridtime. Let's see more of you get focused on trading SMALLER in the CURRENT range. Some of you have asked about Graceland blogs. I don't like blogs too much. But what I do like is: INTELLIGENCE GATHERING. I'm going to post a GRACELAND INTELLIGENCE AGENCY (G.I.A.) section on the website. When any of you see articles written about actions of GREED or FEAR in the market, send them to me, and I'll post the relevant ones. This should help to reduce the amount of capital some of you are over-applying in current price ranges, as you will be forced to wait until those around you start feeling more heat... before buying large yourself.
Thanks! Cheers st
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