Apr 7, 2011
1. New all-time high for gold juniors!
2. Click here now to view the GDXJ chart showing gold juniors blasting to a new all-time high yesterday!
3. While master juniors trader goldlion did book $400,000 in pgen profits last week with his juniors hyper-trading, he faces the juniors mirror, and stated last nite, "85% of my juniors stocks are down this week, as gold bullion hits $1460!"
4. I have told you this is a fear-based gold bull market.
5. This gold bull is an otc derivatives super-charged hybrid of the 1970s greed bull and the 1930s fear bull.
6. You have seen fear and even terror in the general stock market. You have seen SOME damage in real estate and in the general economy. You stand to see horror BEYOND IMAGINATION in your NEIGHBOURS' FACES as the BOND MARKET is IMPLODED by the BANKSTERS.
7. Many close to me think the Toronto real estate bull market will continue because of DEMOGRAPHICS. Over the next few years, they may are highly likely to learn the FULL DEFINITION of the word RAPTURE.
8. They need to look outside their rose-coloured windows and look at the CRANES. Sell real estate when the cranes are up, in a pyramid formation. Buy real estate when the power of sale [the Canadian equivalent to the US term foreclosure. ] signs are up, in a pyramid formation. In Toronto, the CRANES are what you see when you look outside your window of REALITY. When the bond market implodes, I say: Mr. Crane goes EXTINCT and Mrs. Power of Sale Sign takes centre stage. In a CRISIS like THIS ONE, you need to understand it can be DECADES before price goes to a NEW HIGH after you buy real estate.
9. Most investors are broke & demoralized, after 10 years of bankster games. Goldlion thinks the situation could get worse for juniors investors. Much worse.
10.Could it get worse, or has goldlion flipped his lid? Well, "Big" Jim Sinclair calls shorting the bond a new business. He says short every rally. I have declared the bond bull dead 2 yrs ago, as has Mr. Macro. Fund manager Mr. Macro, to remind you, is the only investor I know other than myself who aggressively bought the Dow at 6500. For all practical intents and purposes, Bill Gross has CLEARLY issued with a FOGHORN a SELL SIGNAL on HIS OWN FUND, the world's largest bond fund. Did Morgan Stanley's price chasing investors LISTEN when their own company issued MS ultra-rare TRIPLE SELL SIGNAL on the dow in 2007? NO. What happened? A bankster beat-down on Fudd is what happened. Are the price chasing Fudds who are now invested with Bill Gross and a zillion other bond funds around the world listening to Bill? NO. Picture a bankster pounding an ANT with a SLEDGEHAMMER. That is what is coming to Elmer Fudd Bond Chaser MORON.
11.I have projected the $1400-1700 area sees gold stock, including gold juniors stock, begin to outperform gold. That doesn't mean it happens. If it does, it can happen virtually overnite, as hedge fund short bailing starts a giant short-covering rally.
12.Regardless, trading the seniors and juniors FUNDS like GDX, GLDX, GDXJ, and ZJG.to is almost a "mandatory" tool you must now, to beat emotional demoralization that could build if gold rockets higher while many/most juniors LANGUISH.
13.An apple a day keeps the doctor away. A hundred pgen trades a day keeps gold juniors demoralization away! You don't need to hyper-trade GDX, every nickel down, or tighter, like I do, to keep the demoralization demon away.
14. You DO need to be prepared to buy your INDIVIDUAL juniors to ZERO. That action keeps you dancing at the kachingo party NOW, while everyone else stands in line to read or issue their latest FAILED MARKET PREDICTION.
15.A number of people fairly close to me have shorted silver heavily instead of operating a pgen on it. T-Rex is making $1 million a DAY in silver on the LONG SIDE, while those who top called it are reporting in sporadically from the BLAST FURNACE. They don't look very good. Does a dollar-obsessed Kleenex that spends 2 weeks in a silver-fuelled blast furnace look good? Probably not.
16. Do NOT top call a commodity item that is 20% BELOW its 1970s HIGH while GOLD is 60% ABOVE its 1970s high. That is an act of MADNESS.
17. We are in a new era of VOLATILITY. Embrace it and enter the REALM of PGEN KACHINGO MANIA, or fight it with MARKET PREDICTION and become a financial VICTIM.
18. For the funds I manage, which are currently receiving fresh injections of party pack cash, I've asked my accountant to begin issuing OUNCES of net liquidation value statements, in addition to dollars of net liquidation value. An ounce of gold is an ounce yesterday, today, and tomorrow. I'll dare to suggest we all need... MORE OUNCES! Does your accountant understand what gold IS? Mine DOES. So does my securities lawyer. Both OWN GOLD and understand what it IS.
19. Gold is either ON SALE or NOT. If it IS, then YOU BUY. It could be a big sale or a little one. Maybe you buy 100 or 200 little sales on gold every day, as I do. Maybe you sell what you bought on those mini sales to 100 or 200 price chasing morons every day, as I do.
20.Maybe you buy gold only after it falls a minimum of $100, as GOLD SHRINK does. Whether your pgens are hyper active, or issue RARE buys, you still need to face the fact that prediction is out the trading style window, and volatility is IN. Ferraris are out. Bread lines are in. One person quite close to me is buying a MACHINE GUN. I wonder if THAT indicates a possible belief that the crisis is ACCELERATING? One guy buys more Toronto real estate on a credit card while the other guy buys a machine gun. Somebody is on the losing side of that trade and I'll let you guess as to which side is the winner, and which side has bought a one-way ticket to the bread line.
21. I went more long natgas yesterday, via covering SHORTS there. If you are long $100,000 of natgas in one account and short $20,000 in another account, you are NET LONG $80,000. If you cover of $5,000 in shorts at a KACHINGO PROFIT, you are now NET LONG $85,000!
22.To get RICHER, you need to think about the word, "MORE". Most investors diversify over investments. I urge YOU to diversify over PRICE and diversify over TACTICS. To get richer, use the tool of dollar valuation, AND the tool of "Gimme more ounces, bushels, and barrels, and cash! Whatever it is, just gimme more stuff!"
23.I spoke with Thundercash on the telephone yesterday. He understands that the crisis makes it difficult to know what the dollar is REALLY WORTH. A stable dollar means it is stable FUNDAMENTALLY, not stabilized by a marked to otc derivatives model fantasy, by a man named Doctor Pinocchio. A stable dollar means an America with little or no govt debt, huge gold reserves, and small govt. Do you see THAT outside your mkt window? Fudd thinks a stable dollar is produced with a photocopier. If you need some, you print some, and that works for eternity. The twin reasons all govt currencies have gone to ZERO is because of worship of the photocopier by most of the citizens of the nation and maniacal operation of the photocopier by their leaders.
24. When the dollar is unstable and marked to model, as it is now, a rise in price of your item MIGHT be making you richer, but it also might just be DEFINING the DAMAGE caused by the worship and operation of the PHOTCOPIER. A dow that rises 5% in 1960 is hugely different from a dow that rises 5% today. When the dollar is stable, that rise made you RICHER. Now, that rise definitely defines a marking to market of the dollar's loss of value, but it is not necessarily making you richer. Thus, you need MORE TOOLS to GET RICHER.
Gridtime! And... IPHONE TETHERING TIME! I'm on my way to the airport and while Jim Sinclair makes his way to the coffee shop to use his laptop, I can use Bluetooth or a 12 inch wire and plug my laptop into my Iphone4 and I pump the internet into my laptop while sitting in the car. Maybe some you might want to alert Big Jim that he needs consider to trading in his Model T coffee shop tool for an iphone4... It's a phenomenal back up when the wired in internet goes into the tank as well as great for travelling.
Thanks!
Cheers
See you in the caymans in 7 hrs.
St out!