Sep 9, 2011
Gold bagged $1880 last night, after handing an axe to GDX yesterday. The punisher is giving gold stocks a longer leash and wants them to stand up. Sir GDX got the message, and promptly chopped his way through a group of yellow-bellied dollar bugs, at the $66 level. It was a fairly ugly scene, as you can probably imagine. Oh well, nobody lives forever,especially dollar bugs.
The punisher has begun to whirl her little brother, silver, like David moving on Goliath, at the $52.50 marker, with her slingshot. It isn't Goliath, but a crew of mental midgets that stand in the way of silver at $52.50, and they will fall a lot harder than Goliath did, as the greatest and largest legitimate technical head and shoulders pattern in the history of the world launches silver into the stratosphere.
Remember to book silver profits in gold currency. Not toilet paper. You've been told....
Some of you may be wondering, "Is this even real? Stewart is telling us that the actual technical and fundamental theme of the gold market, here and now, is... party time? How can this be, aren't we supposed to be in some sort of mature analysis mode, looking "respected", and predicting how low gold could fall and why gold stocks will never outperform? Are we in the hands of a gold pro, or is he a child!?!"
Like I said earlier this week, you can be in the hands of a mature adult loaded with failed toilet paper, a mountain of blown top calls, gold hatred, and 10,000 skeletons in his marked to model closet, or you can be in the hands of a supposed child who is loaded with gold and gold-related items. The mature adults have accounts that look like Swiss cheese, on a good day. Mine hit another record high yesterday, and again early this morning. When it comes to performance, my question to you is, who's mature,and who's the two year old price-chasing kiddie? Maybe it's time for a spanking.
The punisher has a lot more than a spanking in store for these punks....
Big Jim Sinclair noted that Ben Bernanke wore a gold tie for his latest speech. I'll add that lately he's been smirking that he has more tools other than the QE squirt gun he got everyone so excited about, the one that totally failed, as I told you it would.
I believe Ben fully understands gold's power, but it doesn't matter. He takes his orders from the bankster families, and they want their gold, and yours, re-valued hundreds of percent higher, so his orders are to make it happen, and he will.
If he doesn't, the banksters will mark the financial system to market, and it will shut down, permanently. Somehow, I don't think Ben wants to stand on the steps of the Federal Reserve building, and tell 10 million pitchfork-wielding Americans that he's "sorry, but the financial system is permanently closed"... What Ben is going to do, is devalue Fudd, all the way to the breadline. End of story.
While team top caller, which was 93% of the gold community at $1478... while they "analyse the current situation", I'd like you to focus on analysing.....nothing.
Analysis the amount of party time adrenaline pumping thru your veins if you like, but I don't think any other analysis is really required at this point, for you, or for I.
I will say that a few of you have joined me in using gold as your base currency of choice now, and you understand your greater real risk is being out of gold now, rather than being in. I sold a bit of silver yesterday, and a touch of GDX. I promptly bought SGOL with the proceeds, for myself, and for the funds I professionally manage, which also hit another all-time high yesterday, while Fudd's golf ball advisor almost got washed overboard, in his pathetic stock market rowboat.
It was tough for most of you, in the early stages of understanding ounces as wealth itself, and I want to thank you for enduring through that very confusing period of time. I knew your payoff would be astronomical, and it's only just starting. Can a ten to twenty year gold stocks party for you be real? Yes, and it's starting now.
Now you burst into the ounces of wealth party time sunlight, while whatever remains of Elmer Fudd Public Investor is herded by the banksters into the financial gas chamber. Oh well, maybe a few Fudds are immune to poisonous financial gas, and they'll be ok. Our dogs cheer them on, for their valiant efforts, as you sip golden champagne.
Quite a number of you are in the final "venting stages", of dealing with various failed top callers, who are being revealed as complete market clowns by the gold punisher. When a clown is revealed as such by market action and performance, they can turn mean or bitter. Some try to make ever-grander and much more frequent top calls, and vie for the "clown of clowns" title. My suggestion; don't expect them to change. Expect them to burn up totally, financially,and lie about it to you. Use their analysis for kindling in your fireplace. I'm 100% serious. That will end the connection between you and the clown.
What some of you may be quickly forgetting is that gold already punched to a new all-time high this week. Another punch in the dollar bugs' face. The referee should stop the fight. The dollar bugs are going to die against gold in the ring. What a horrible mess. Sadly, there is no referee. Oh well, hi ho, hi ho, it's on with the beating we go. Newmont also went to an all-time high, which has got the attention of powerful institutional fund managers. Those of you holding the most speculative juniors need to understand that these fund managers are only beginning to buy stocks like Newmont. They are not surging, yet, to get "all the juicy juniors because they are going parabolic!"
The juniors will go parabolic, but not quite yet, and GoldLion, who is the largest shareholder in a number of these situations, believes there could be a 3-6 month lag. Keep in mind that when gold moves from $1460 to $1920, the person who bought at $250 is making another 100% on their investment on each $250 move higher. When you pay $10,000 or more, as the banksters will force Fudd to pay, as they lock their gold to the dollar, and thereby lock Fudd in the garbage can, what do you make on a $250 move? Basically, nothing.
Likewise, when you show up at the price chasing pig trough after juniors have gone parabolic, your percentage returns will never come close to those who lived the gulag, and bought the gulag.
I have a crew of lobotomized Fudds asking about buying gold now. I'm not really interested in anything they have to say about anything. This crisis is too serious, and I told them that from 1999. I don't have time for their crap. I told Sad Sack I'm worried that he, and his gold put option portfolio, are beginning to look suicidal.
Wheat, corn, and soybean have been struggling a bit lately, a bit like silver. Luckily for you, and I, these epic assets are not like Fudd's real estate on a credit card, nor his Nortel, nor his Enron, nor his clown Dow imitation, nor his new and improved junk bond growth with safety garbagefolio. Fudd can mumble how risky your epic food assets are, all he wants. Let that loser blubber away, from inside the gas chamber. Any Fudds reading this should be getting the message that the market is a war, and I don't take prisoners. Fudd is not in my hands. Horrifically, he's in the hands of the banksters, and in the market, they make me look like a charity, so you have an idea how it ends for Fudd and his portfolio of price-chased garbage...
The lower the epic assets go, the more of them I want, and the more of them I want you to want. Unlike failed Fudd, the amount of my core positions I'll be handing to the banksters if price does fall is: zero. Yes, these all-epic assets have been getting some mosquito bites lately from the dollar bugs. Don't worry. Patience. Wait til we get to play offensively, and we will, in the great reflation stage of the GWT (great wealth transfer) crisis. The mosquitos aren't going to like what happens to them.
Congrats to one of you who actually stood in a line at a real toilet paper for idiots booth. Cash for gold. You wanted to know what is really going on. The bottom line is they offered you $900 an ounce for your gold, and, are you ready... one dollar an ounce for your silver. Fudd is lined up for.... That? Yes, he is! I've tried to tell you how stupid he is. This information should be of some assistance in making you understand that this idiot is selling his grandmother's gold and silver for scraps of toilet paper. It's an act of financial prostitution. He's a total disgrace, and it's actions like that, that are moving him closer to his final stop on the breadline.
As I get myself, and you, ready to hit the price gridlines, I see the banksters held a quick door-crashers sale for gold, for you, a $50 off for early birds snack pack, at $1825. Quick, get inside, hundreds of micro-minds wearing analyst hats are about to sprint down the street to the scene of the sale, and analyse it! You'll be trampled by these idiots if you don't close your door. I wonder if one of them actually thought about buying the sale, rather than operating their motor-mouths in horse-race announcement mode. Buy now. Analyse later. Why?So you get richer, obviously.
What will be interesting, on this and the "only" ten billion more gold sales yet to come, is how the gold stocks respond. Whatever happens today, my firmest view is the day is near where even a $500 move down on gold has little or no effect on the price of gold stocks, and they could even rise on such a super down day. $1462 was the line launch pad of the institutional "gold stocks are here, for us!" mindset. Unless we take out 1462, these powerplayers are not going to do anything except buy gold stocks, whether they are on sale or up-ticking.
Gridtime! This powersale for you is a lot like the one from $1920 to $1790. One second all looks calm, and the next gold is violently on sale, for you. I told you that the even-bigger theme than price rise for gold in the coming years would be price volatility. We're on the cusp of the parabola zone, and the cusp of the volatility zone. I mentioned Dev Cheekock at www.goldsproutprofits.com buying GDX options just a week or two ago. He's already booking profits on 20% of his positions, with 25% gains. A pro like him puts 1-5% of their account in very long term options (gdx 2013 $70 and $75 strike), and only enters a play 3-4 times year at the very most, and usually more like only once or twice a year. Options drug addicts who trade non-stop tell you of enormous weekly gains now and then, then disappear for a couple of years while they cry their eyes out. Pick your spots, or options will destroy you. Gold stocks is your spot. A gambler may put more that 1-5%, but most of you that are interested in options are probably best of to follow the pro style, because the volatility zone is going to get pretty shocking, to put it mildly. .... I like 70% calls and 30% puts, to manage myself mentally, in the supreme volatility zone. A pro also tries to lock in gains, so he/she is working with some of the market's money as quickly as possible, rather than only their own risk capital. Maybe it's time for team "Gold on sale, now!" to get out there and trample team analyst. Tomorrow is report card day, by the way. See you out there, on the gridlines!
Thanks!
Cheers
St out