Aug 25, 2011
Gold is down about $30 this morning, while silver is up about 40 cents an ounce! Did I mention something about buying silver recently? Hmmmm...
Elmer Fudd Public Investor, who "almost" bought gold in the $1750-$1910 area on the way up, now waddles about boasting how smart he was to "hold off". He's a terrified wiener-brain, that's what he is. What a pathetic loser. He can't buy one gram of gold on a $200 sale on gold. He's a gutless coward, and his road to the breadline.... just got shorter.
Most technical analysts use log charts. So they think the gold price hit a supply line at $1900 on their monthly log chart, signalling a big and long correction, and it did, on their charts. I would submit to you that what they think, is what the banksters want them to think. One of you summed up the situation best, with the approx. statement, "the banksters blew the whistle, and all the fundsters and Fudds threw their gold to the banksters, right on cue!" It's actually a much bigger situation that is taking place. I will say that the past 48 hrs of gold mkt action is partially entertaining, partially pathetic, and fully enriching, in the big picture, for you.
Let's leave team log chart top caller, for now.... On the arithmetic chart, gold shows a monster breakout above the supply line, with the breakout coming at around 1650-$1700.
This situation, on the arithmetic monthly chart, is one for "players". Those of you from the UK may use the term, "punters". Basically, the question is whether you believe there is extreme upside for gold, or whether you believe Fudd and his mob of Gman worshippers and price-chasing clowns solved the OTC derivatives financial crisis yesterday. Fudd knows he did. What do you think, did Fudd solve the OTC derivatives crisis yesterday?
I hold core positions of silver, gold, and gold stock that I bought at vastly lower prices, and I mean day of the lows lower, for parts of these positions. Some of you are wondering what I'm doing buying silver every ten cents down, here.
First off, silver is not that big a play for me, here. It's a solid play, but not "monster" size. I bought GDX every 5 cents down in much bigger size earlier in "the show" and individual junior stock every 10 cents down to the tick lows of 2008.
But, silver is a play, now. When gold broke out over 1033, it opened the door to players and punters, in one of the rare market opportunities to "play" a massive intermediate move. Most investors and analysts demand the market serve them these types of plays... all the time. Which is why most investors are generally clowns and total market losers.
Real opportunities of massive size with limited risk in the market are ultra-rare, and when the present themselves, you can be assured that the wiener patrol will be there in massive size to ridicule and attack what you are doing, as you position yourself for action. Later, they will buy from you, as you book "all-epic" profits. In 1979, Fudd lined up in the street to buy from me. This time, his toilet paper won't buy any gold. He'll be lined up the street like he was in 1979, but for bread crusts, not for gold and silver. As Fudd price chased the stock market and drove the poor people out of housing with his stk mkt and house price price chase, he called gold and the gold community, "penny stock type investments". I hope Fudd enjoyed yesterday, but this coward should remember that what goes around, comes around. After the bond is burned by the banksters, when Fudd looks in the mirror, he will find that not gold, not the gold community, but HE... is the penny stock. What a horrible thought. What a horrible reality.
The current positioning of silver on the chart is showing that if silver can cross $52.50, the move upside could rival at minimum, and perhaps exponentially dwarf, the move from 1033 to 1900 that happened for gold. So my positioning now in silver is a range pgen with new risk capital to take advantage of that possibility. It's not an inner core position play. It's an outer core position play. The position will be sold if there is a super blast of monster intermediate size. Sold...for gold!
Punters like Goldblood in England are doing the same thing in gold stocks, right here, right now. Eric Sprott is doing it in silver. Elmer Fudd is doing it in toilet paper. You can decide if you want to take a punt alongside Fudd and the fundsters, on toilet paper which backed by OTC derivatives and by a man named Dr. Pinocchio.
We wish the toilet paper fan club well as they rush to take the other side of the banksters' trade. I'm sure it all ends well for them. The bottom line: The set-up is here and now for a parabolic move in gold and her flock, but not a guaranteed parabolic move. The odds of success are solid, but not guaranteed. That's what this action, here and now, that I'm involved in, that a number of punters and players are involved in, is all about.
I believe the number of top callers who have owned little or no gold from $250 to now, that are currently top calling gold, is probably at a record high for this gold bull market/dollar bear market, as of this morning. The scene is almost surreal. It's like a huge mob has poured out of the gold arena after a sports game and is now rioting in the street.
The problem for the rioting dollar bug mob, in this case, is that the army, not the police, is on their way to the scene with tanks, and they plan to kill every single one of the rioters. The dollar bug kiddie with a rock, versus the gold punisher tank. How do YOU think this fight ends? The gold punisher is the general of this army, and the dollar bullies are once again running around playing tough guy. What happens next to the bullies and team "I ended the crisis yesterday when I shorted the gold I bought a week ago"... is going to be the bloodbath of bloodbaths.
Just like in 1979, these idiots are not just selling all their gold, but going net short, just as gold borders on the edge of the greatest parabola of all time. The only difference between 1979 and now, for team shorty pants and the top calling motor mouths, will be...THE SIZE OF THEIR PERSONAL LOSSES. THIS TIME, THEY WILL BE MUCH, MUCH BIGGER.
The reality is that except for the odd flip trade and some hidden booked "stop losses", team motor mouth has been out of gold since $1478, when they sold out as demoralized wet noodles. Gold basically tagged the $1700 marker as I write this sentence. So, what I'm telling you is that gold is still, even after a $200 an ounce pounding, is still $200 above where most of the top callers actually liquidated at large losses, particularly on gold stock they had held for 5 long years! Now they promise to top call you, to safety. Sure...
For those of you buying gold here, it's very important to understand that the gold market has taken on a whole new persona. We are on the cusp of supersonic volatility. I told you that the average move for gold would soon be $100-200 a day, but team leverage didn't listen, and they don't understand the bankster global plan to eliminate all leverage from the gold market. Or should I say, the plan to eliminate all freeleverage, like that provided by the comex. Funds will be able to get loans to buy and short gold, but those loans will come with a lot of terms and conditions that give the banksters 99% control over when the funds really buy and sell, versus "only" 90% control now.
I've showed you the big HSR points on gold. We only touched one of them. While gold has indicated a parabolic move is near, you can't seriously believe that it is going to benefit, really, anyone but the banksters, and you, can you?
"Just like in the 1970s, it will be the banks that make all the money in gold this time" - Jim Sinclair, world's largest gold trader. I'll add that, "just like in the 1970s, it will be Fudd and the Fundsters liquidating short positions at massive losses alongside their top calling motor mouth heroes, that provides the fuel for the parabola that makes the banksters, and you, all those profits."
Parabolic moves in gold feature massive short position liquidation by the public and by the fundsters.
This "sewing machine needle" thrust down is the move that loads up the shorty pants turnip truck with a mountain of gold shorts held by the weakest financial hands. It is, quite simply, gold parabola rocket fuel, and the banksters are fuelling the rocket for blast off, here and now.
The bankster propaganda machine is in red-line mode. They are pulling out all the stops on this super play, because they don't want Fudd just out of gold; the want him short! Their master plan is working to perfection, and tick by gold short tick, Fudd prepares for his own rocket launch, to the breadline.
Sad Sack missed the entire 1578-1910 run, and he's going short, just like he did in 1979, and just like I told you he would just as gold goes parabolic!!! Go sack go!!! For newer subs, Sad Sack is a real person. He's the ultimate price chaser and the ultimate failed investor. Nice guy, but a complete market idiot. In 1979 Sack went heavily leveraged short just as gold went parabolic, and he was caught in a horrific series of limit up days. What happens to him this time could literally send him to the suicide line, something he's already seriously contemplated on past leveraged play blowouts. This blowout for Sack, will dwarf all others....
The gold market situation right now is so insane that I wouldn't be surprised if the banksters handed out "I personally ended the OTC derivatives crisis by shorting gold!" T-shirts to Fudd today, so he walk about with his chest puffed out, while the banksters aim financial high powered rifles at his pea brain.
Gridtime!$1700 is a round number, for those of you operating round number buy pgens. Click HERE NOWto view the triple monster HSR chart for gold. Remember that while $1700-1900 is the "parabola players load up zone", that doesn't mean that the banksters won't sew the needle much lower down, to fully load the turnip truck with shorts. The time for leveraged futures is over, and the time for 70% calls and 30% puts is here, for players. For most of you, little changes. Those who followed the option strategy, are booking massive profits on some put options now, after booking some enormous profits on call options earlier.. keeping you mentally strong while on the buy, but not on the bottom call. Some of you may need to consider adding a token gold short position just to keep you emotionally balanced, as the banksters operate the gold punisher in the...
Turnip Truck Zone!
Thankyou
Cheers
St out