Aug 11, 2011

Gold took a Husqvarna chain saw to another mountain of government toilet paper yesterday, ravaging the Gman and his worshippers, overnight, all the way to$1815.
The pea brains who boldly bashed gold stocks at $1776 and cheered toilet paper as their hero forever, well, yesterday these financial pipsqueaks got a massive GDX cork bashed into their mouth by the punisher's sledgehammer. The punisher has scheduled them for financial extermination and the question is....
Are you onside?
GDX skyrocketed yesterday, as did my seniors six pack portfolio. If YOU are a bullion-only person who now acknowledges at least the possibility of an all-epic gold stocks skyrocket, the seniors six pack is one solid starting point to place a toe of toilet paper, into the gold stocks parabola waters.
Click here now to view my bull set-up chart for GDX. I've wheeled you out to the launch pad, and asked you to put your gold stocks space helmets on. There have been a few false signals as to the launch. It's countdown time to launch again, and the question is, are you prepared to put on your space helmets again, or are you there with Fudd mumbling, "maybe I should sell my gold stocks for bullion now, maybe the Dow rules gold stocks, not the punisher, maybe I should call my mommy". Maybe this, maybe that. Maybe it's time to...
Get with the gold stocks program.
By the time the punisher is finished with team "gold stocks can't rocket unless the Dow does", these micro minds will look like granny with no teeth ordered to chew gum; quite simply, they are going to become the joke of the millennium.
Do YOU want to be known as the "financial joke of the millennium"? Well, if not then please don't bash gold stocks or that definitely will be you.
Elmer Fudd Public Investor is watching gold bullion now. Here's what's inside his micro-mind: "but this is really serious, so I'm not chasing price buying bullion at $1800, what I'm doing is taking serious action to protect myself !".
My response to Fudd: Sure you are, you pathetic price-chasing bustout. You are a financial clown destined to end up in the breadline, and that's if you don't literally kill yourself first.
Fudd doesn't want any gold stocks, here and now. He wants bullion. He's a greed-a-holic and a coward, and his actions from here on in, in the gold market, at the hands of the banksters, are going to make the banksters set an all-time record for the volume of their laughter. You don't have to join the banksters in laughing at Fudd as he burns, but my suggestion is to at least not partake in his stupid actions.
Jamie Dimon, head manager for the bankster families at JP Morgan, has been suggested to run for President of the United States. Rumour is the banksters want to change the name of the White House to... The Bank House. The banksters beat Fudd to the bread line with financial baseball bats, and then the idiot votes them in for president of the nation. Why let the banksters make most of the rules, when they can make them all. Fudd is on the verge on completely enslaving himself to these masters of mayhem. At the rate he's going in terms of character destruction, Fudd might soon vote for Hitler or Caligula and see no problem with his decision. The debt ceiling is Fudd's new hero, and Standard & Poors is his enemy. The horror, the horror, the horror...
Oil is one of the punisher's "blood relatives". Dollar bugs need to be careful when they mess with the punisher's family! Click here now to view oil blast $8 a barrel out of the lows and into your cash register! Oil has banged into minor HSR at $83 and hit $84 this morning.
I mentioned in some of the oil video analysis that the $80 area is a key price zone, but when price hit that number for the first time, a huge crew of Fudds and Fundsters waddled into oil, with the banksters taking the side of the trade. Goldman Sachs put the nail in Fudd's coffin then, by trumpeting that they were cutting the amount of oil in their key commodity index.
The massive non-leveraged index funds had to liquidate huge amounts of oil futures, and the banksters took those. Oil bottomed at $50, with Fudd emaciated and the banksters massively long oil. Oil then launched a super surge, tripling to almost $150. As oil hit $100 the banksters then got some hedge funds to short oil futures like there was no tomorrow piling on more up to $125, and by $140 the funds were force liquidated by the banksters, with the banksters taking what amounted to a tanker load of shorts. Oil nosedived to $28, and the banksters, to put it mildly, got massively richer, while ordering Fudd to liquidate everything he could and buy bonds. Fudd followed their instructions and they bought almost all that Fudd sold in 2008-2009, in one of the greatest value plays of all time.
Gold Reval News: Monty Guild is calling for a 40-50% one-time devaluation of Fudd. He thinks the 5% a year devaluation of the US dollar is not cutting it, in terms of making the debts manageable, and argues that a 40-50% one time chop is needed.
Personally, I've always argued against gold revaluation when the dollar is in trouble. The time for gold revaluation is when the dollar is strong, to lock in prosperity, rather than locking Fudd to the breadline, which is the plan when the dollar is weak, as it is now. Bankster plans tend to be plans to enrich themselves, not plans to save people.
Gold revaluation in this crisis, horrifically, is a bankster wealth transfer tool, not a crisis solution tool. It will end the crisis, yes, by locking Fudd to poverty. I don't consider that a solution to anything.
I see accelerated gold buy programs by central banks as the mechanism of wealth transfer/reval[uation], so Fudd doesn't panic. My view is there won't be any one time revaluation, but I could be wrong. One of you, "Golden Tire", noted that the US mint has halted gold coin sales.
If there is a big one time dollar deval, gold buying by Fudd is likely to be halted before it happens. Is the mint action just a response to heavy demand, or is it something more sinister? I don't know, but the question is, are YOU prepared, for all outcomes?
What happens to gold stocks after a one-time 40% cut in the dollar (70% rise in gold price)? Well, let's just say you probably don't want to be clutching a roll of USD toilet paper and regaling yourself with stories of the evils of gold stocks, if it happens.
Attention MACD and moving average fans: Does anyone understand what I'm telling you about food? Jeremy Grantham understands. He "only" manages $100 billion, and he's got a long term chart showing the horrific near crossing of crop yield growth and population growth lines. When those lines cross, guess what YOU have, is it a buy or a sell signal?
Answer: It's starvation signal. Fudd will be eating his paper dollars for breakfast, literally, at the rates things are going. Those telling me about selling my corn and wheat because they go on sale while gold soars, can jump off the nearest bridge asap, and do themselves the world's biggest favour. At least that's one less person in the coming breadlines we need to worry about feeding.
Jeremy also warned that the Dow could go into melt-o-rama mode before year-end, and he's warning that rates may start to rise sooner than Dr. Pinocchio is letting on....

Gridtime! Are you prepared, for the "gold stocks party while Fudd is ravaged" act, on the punisher's main stage? One last note, which is great news for the leveraged Dow bottom callers now, who shorted it at 6500: The banksters only put one bullet in the six shooter they pointed at the bottom callers' heads. One teeny weeny and probably irrelevant question that I have is... yes, there is only one bullet in the gun, but... how many times do the banksters plan to pull the trigger? My suggestion to you is, applaud the bottom callers' bravery, but don't join them.... This might be a bottom, but what if it is a consolidation followed by a free fall into the garbage can. I wonder how many of the current crew of bottom callers have thought about that.... Theme of the week?All hail the punisher! See you on the grid, and remember. No price chasers allowed!

Thankyou

Cheers