Aug 27, 2011
What did I say, just about 48 hrs ago? Answer: Don't blink, or you might miss the gold correction! What a power packed finish to the week for gold. What a power packed finish to the week for... you!
The punisher let it be known this week, that all who oppose her, and also all those who try to excessively leverage her punishment, will be destroyed.
Some of you are wasting a lot of dollars shorting the Dow, dollars that could be employed into gold stock, silver, and gold. You don't see the waste now, but you will very quickly. You'll never make a fraction of the profits in the Dow shorty pants plays, that you'll make riding shotgun with the punisher, as she stomps the dollar bugs, into oblivion!
The risks to the Dow are very high, in the short term, however, as full crash season begins in just a week. Keep in mind, in the biggest picture, that if gold goes to "goldpriest style numbers" like $50,000-$100,000,the Dow could go to a million.
Institutions would hyper-inflate the Dow, Zimbabwe style, as Elmer Fudd Public Investor and his paper currencies and bonds get devalued, all the way to the breadline, and the suicide line.
Click HERE NOW to view the GDX adrenaline rush chart! The bottom line is that GDX is "chomping at the bit" at $64. Options players need to report for immediate duty! If you liked the action in gold from 1033 to 1800, wait til you see the near-immediate action coming to you in gold stock!!!
While Fudd grovels his way to the breadline, you go to the party line! GoldLion, who is without question the greatest gold juniors stock trader alive on the planet, thinks GDX could double in just months, or even triple! My question is, If GDX triples, could GDXJ quadruple?
You have gold trading above $1500 both for time and price (that's gold stocks parabola fuel, and you have it), a fundclown short position in these stocks that is ready to be force-liquidated by the banksters at GDX $70, and you have Elmer Fudd Wiener Brain totally hating gold stocks and actually believing the banksters are going to restart his disgusting game to ensure poor people can't afford a home, or even rent an apartment.
Fudd will soon be poorer than those he ridiculed at the salvation army, and you can write that down and paste it on your GDX rocket chart. What more could you possibly ask for in terms of the ultimate risk reward balance, right here, right now, for a gold stocks super launch? The answer is: nothing!
Ben Bernanke gave a speech of great detail, but seemed to communicate little, yesterday. Many investors were exasperated. Of significance, the Fed ended their "extended period" for low rates, and replaced it with "two years".
What can really send gold absolutely parabolic? The mostly likely candidate is the destruction of the world's bond markets. Ben's statements mark "the beginning of the end" for the bond, and the beginning of the march to the bread and suicide lines for Fudd. When the banksters sink the bond, and I mean really sink it, the bond-linked OTC derivative bets held by funds, govts, and many corporations... will implode in the greatest financial fireball in the history of markets.
The idiots that own this crap all think rates can't skyrocket. They use probability analysis to place massively leveraged bets against rising rates, with the banksters on the other side of those trades. Some little wiener sits there running statistical analysis thru a computer, and he reports back that the odds of a rate skyrocket are one in a zillion or whatever, so it's AOK to leverage the idea that rates can't rise, and do it bigtime in a vehicle with no liquidity, with the banksters holding the other side of the bet. Pure genius, right? Purely imbecilic, is what it is. That's all the OTCD's are, in the bond arena... massively leveraged bets that rates can't skyrocket.
When rates really do skyrocket, and they will, the banksters are going to demand trillions in payment, and the bustouts won't have it. At that point, you're looking at a real possibility of total closure of the world's financial markets and banks in a surprise move, and when they re-open gold is revalued 100% higher (or maybe much more than that) with the central banks holding the bid there. The bond OTCD situation is what makes a one-time reval a real possibility.
I would quite frankly urge you to view the liquidity flows shocker video I posted yesterday evening on the site. Before the report came out of the latest liquidity flows, I surmised that the fundsters and many retail investors actually shorted gold, hard, between 1800-1700 as it fell. I believe the banksters may have bought over 100,000 gold futures longs into the carnage. That's parabola launch fuel.
Just through Tuesday, when the dollar rally against gold was just starting, the banksters bought 40,000 longs. Who knows what they did as gold fell into 1700, as gold land turned into team lunatic, and started top calling like there is tomorrow.
The bottom line: There is a tomorrow, it is here, and a clambake of the top callers is in full session.
Theme of the week? While "possible rocket launch at hand for gold stock" is one candidate, I think you need to go with...
"Book all profits in gold-related items in.... gold." When you make a dollar profit on silver or gold stock, and your pgen says book it, you better seriously consider booking it with ounces, not dollars. I warned you that the time would come when you would fear booking profits in dollars.
We're not there yet, but we're entering the confidence stage, which is the stage where you feel good about booking profits into bullion. Jim Sinclair has a series of "angels", which are his intermediate trend targets for gold. On Thursday, he warned those booking profits from bullion into dollars from here on in, at his targets that.... YOUR PARTY IS OVER. I told you the flip traders would join Fudd on the breadline. It will happen.
Grip your gold bullion with an iron hand? Try gripping it with an auger and concrete. It's time get real with the magnitude of this crisis, the magnitude of the GWT (great wealth transfer).
So, it's time to batten down the hatches against the dollar world, and that means no more selling gold's relatives down the river for dollars. It's up to you, but you'll be left in the dust, from this day forwards, if you think this crisis is any longer about making dollars.
It's about building ounces. The banksters have known this all along. He who has the toilet paper gets to wipe their rear end with it. He who has the gold....MAKES THE RULES.
It's that plain, it's that simple. If I sell silver, gold stock, uranium, wheat, corn, whatever the dollar value of that transaction is, I'm putting all of it... into gold bullion. I'll rebuy them if I think they are set to outperform bullion again. The question of whether bullion will be outperforming the dollar, going forwards, is idiotic. The bottom line for those flippin gold to make dollars is: They are finished.Place your last flip trade now, or you'll be the only thing getting flipped, by the banksters, and they'll flip you right to the breadline, along with Fudd and a boatload of dollar bugs. No timer will beat gold against the dollar, starting.... NOW. The punisher will give you more adrenaline than the leveraged flippers have ever felt on their best imagined day, and you can take that to the bullion bank!
Your risk, here and now, 24 hours a day, is being out of gold. Not in it. The excitement of the Klondike gold rush is about to be exponentially surpassed by the gold price ADRENALINE RUSH, and the question is, are you onside? The $1700-1900 zone is only the cusp of the parabola zone. Wait til you feel the supreme adrenaline rush that comes when you get in it. No leveraged flipper with his toothpick charts will ever come close to feeding you even a drop of the adrenaline firehose, that is about to be pumped into you by... The Punisher!
Report Card Day: On the cusp of the parabola zone, my question to you is, are you selling like a bird, and buying like an elephant? Are you a victim of the punisher, or a beneficiary? When the bond blows, you'll be begging to feel like you did on the day of the Dow 6500 lows, and you'll remember every single ounce you sold... thousands of dollars an ounce too soon.
Thanks!
Cheers
St out