Aug 26, 2011
The banksters plan to eliminate all leverage from all gold futures markets. Are you onside? If gold goes to $10,000 from $250, that's a 40fold move. Have YOU made more "folds" playing leveraged futures trader, and kept it, than that?
If not, then it's time to get real, and start phasing out the greed, replacing the leveraged clam bake with gold bullion. Do it in stages, but work to put the punisher in your corner. Not on your head.
What team leverage, as personified by wild personalities like Dennis "the gold market menace" Gartman... what they don't understand, is that the banksters don't care if you live or die. They are not going to end your "leverage the crisis of leverage!" idea in a nice way. They are going to do it in a way that transfers..... all you have.... to them.
Just as gold could rise $500 in one day in this bull market, it could fall $1000. In one day. And do it, perhaps, in a gap move. Team leverage will be exterminated, by the banksters. End of story.
Team top caller, aka team diaper, needs to take a look out their window this morning. The punisher is trading at $1787. KACHINGO!!!
All I tell you to do, is all I do myself, and more.Some of you wondered about my idea to buy silver every 10 cents down. Any wonderers today?
As of yesterday, for myself, and for the monies I manage, what I'm doing now when I sell an item like gold stock or silver, is... I'm putting the proceeds of the win into gold currency.
That doesn't mean I'm running out to buy gold with all my cash in a crazed plop. What it means is that all gold related assets that I currently hold, when I have a dollar profit on them, when sold, will go to gold.
Are YOU afraid of gold currency? I told you about understanding ounces as wealth. It's.... TIME.
With a possible supreme parabola at hand somewhere in the next 24 hours to 24 months (who cares which it is... I don't), I want to be prepared now, for maximum benefit to me, when it happens.
You can join the top callers if you like, who as of 24 hours ago, included most of the gold community's analysts, and a huge percentage of its investors, and 99% of the leveraged gold community. Not me, I'm not joining team diaper. The bottom line: the gold punisher party continues, and the stomp of the toilet paper bugs continues, and the stomp is set to exponentially accelerate.
The situation was so bad 48 hrs ago, that I am not exaggerating when I say there was a line up to top call gold. That line-up almost went down the street, as thousands of bozo the clowns stood in line, waiting for their turn to sound the "buy toilet paper now" siren.
It's like the banksters said, "ok, we want all the kids in the kindergarten to stand at attention. Today, we're going on a field trip! We're going to play with a gold top calling siren! Yippee! Each 4 year old gets a chance to press the siren button, and top call gold. Now, who's first to press the button?!?!" -banksters, Aug 23, 2011.
All the kindergarten four year olds rushed forward in a swarm. "Let me press the button!". "No, it was me, I was first in line, I get to press the button!". The bottom line in the gold market on Aug 23, 2011: There's no teachers in the kindergarten. The banksters left all the kiddies alone with the siren, and it's... mayhem time!!! After a period of time, the banksters returned and handed every 4 year old his and her own shiny top calling siren, along with pop, gum, and candy! Hip hip... hooray! Nirvana is here!!!
For those of you who are diamond fans, and are interested in where the banksters vault their diamonds, for a possible answer.... CLICK HERE NOW. When the diamond buffs say, "put on your space helmet", they may have to consider meaning that literally, from here on in. On a more serious note, unlike gold, diamonds can have a very large bid/ask spread, regardless of the quality of the grading. For wealth transport, they are excellent tools. For pgen action, not so good.
Martin Armstrong wonders if the ultimate top for gold is being pushed back to 2020, basis his economic confidence model. The quadrillion dollar OTC derivatives nightmare has been the main fuel for the dollar bear market, and the epic wealth transfer from Elmer Fudd Public Investor moron, to the trillionaire banksters, one that began in the year 2000.
We're basically 11 years into the Great Wealth Transfer (GWT). I would like to ask you for a moment of silence as you ponder what another 9 years of GWT really means for poor Mr. Fudd. You can't seriously think this idiot will still be holding stock, commodity, and real estate investments of size, can you? He's already totally demoralized, and all he knows how to do is chase price.
It's very important to understand the potential magnitude of this bull market, both in terms of time and price. That is key to holding and making a fortune, not so much in bullion, but in gold stock. Looking at the bullion price quotation, and gurgling, "when, when, when?!" for gold stocks isn't going to make it happen.
In the late 1990s, I had thought the gold bull might peak out at somewhere between $1000-$2000, when I began telling people to get out of the stock market and buy gold. Unfortunately for Elmer Fudd and his crew of golf ball advisors, the whole crisis was exponentially magnified when rather than revaluing gold early in the crisis and putting a halt to OTC derivatives growth, the OTCDs were fed like a wildfire, with price-chasing gasoline by govt's and funds.
Jim Sinclair's $1650 target was all-epic when he set it, and a huge mob of golf ball advisors and house-chasing Fudds laughed their head off at it. It wasn't long before he began worrying that his target would be dwarfed by the ultimate gold price, because the OTC derivatives show was expanding and being marked to model.
I'm beginning to think the same way about my $6000 target, and if Armstrong is proven correct that the peak of the crisis gets pushed out to 2020, then I have to wonder just what the ultimate target for gold's price might be. It definitely opens the door to GoldPriest's number of $80,000 an ounce, as at least something that is realistically possible, and it is a number that realistically defines the real value of gold now, if the OTCD's got [don't get?] marked to market. In the end, we just can't know, but we can... respond.
The big issue for gold stocks investors is the reflation of the system issue. I don't think you should set your sights right now on anything greater than some kind of ratchet up against the bullion price by gold stocks. It's totally unknown, and totally dangerous, what happens in Europe as the various Gmen there follow the bankster commands. Where are the banksters leading these idiots? I don't know, but there remain huge deflationary time bombs that could put delays and halts on institutional money flows into gold stocks. I think the gold stocks are close to blasting off, but I don't want to see anyone wildly disappointed, as some new and surprising leg of the crisis is dumped on our heads by the banksters. Endurance and pgen action must remain the theme until we see GDX $70.
What most of the timers are doing is attempting to ignore the crisis, and then when the crisis is revealed as accelerating rather than in the reflation phase, they get totally demoralized and start top calling themselves and their crew out of the gold market, as you just saw this week.
I want to leave you obviously tallying up your report cards in the markets this week, but also thinking about the bond market compared to the Dow. In regards to the report cards, you get an A if you held your core positions with an iron hand, sold into strength, and bought into weakness. Those who called the turn, even if correct, don't get an A. Pros like GoldLion and Sprout know that a good market timer will call the turn on big market moves 4 out of 5 times correctly, but it is the one time they get it wrong that can obliterate the investor.
Gridtime! Team stoploss argues that they use stoplosses, so the 5th blowout doesn't harm them. That's a bunch of garbage. GoldLion and Sprout use forms of the PGEN. They are buying into serious weakness, with a lot of size in ranges, not placing little flip trades. Sometimes they need to take a break from the buying, but there is no capitulation. You aren't going to accumulate an asset in size and get the turn correctly. Those two actions do not mesh together, regardless of how much the timers pretend they do it. Those who "buy til it hurts" will find they do only that... hurt. There are no ensuing "big profits". There is only hurt followed by capitulation, as team japan bottom caller has found out, and team Dow is on the verge of finding out. What separates the real pro from the idiot is the pro keeps cash on hand for "the impossible zone", the price zone that sits far below their entry points. It's that 5th time, when the banksters decide to "roto root" the market, where most of the very good timers who are sure they have the bottom.... get destroyed, and it is there, especially with juniors stocks, where you build the maximum amount of wealth, because you have brought a maximum amount of patience to the....Gold stocks table.
Thanks!
Cheers
St out