Oct 6, 2011
The Dow is trading at 10,900 (dec futures) as I write this sentence at 410am. That's up 550 points from the "support has broken, sell all gold stocks and short the Dow!" low hit Tuesday.
The Dow top callers are trading at .10900 cents, roasted alive in a classic bankster scheme to blow out support on the chart, then roast all the leveraged shortaholics like croutons in a blast oven ready for their salad. Oops, the banksters left the oven on, and all the shortaholics turned to charcoal.
Don't short the Dow. Buy gold and related items. In an epic crisis, you need epic assets. Your top calling heroes have no gold, and they are now.. short gold and now... on fire.
The banksters used the hedge funds like Michaelangelo uses a chisel, to fry the gold community, and transfer gold stock (particularly juniors stock) into bankster hands, at the lowest possible prices. A number of you report enormous gold majors interest in juniors now. That will accelerate.
A couple of you are reporting sizable institutional buying of gold stock, as I predicted would occur once gold traded above $1400-1500 for.... time.
As fear ripped thru the gold and levered fund community like a bankster chainsaw on a ball of butter, many began hysterically screaming, "maybe the institutions won't buy anything, maybe everything will go to zero, sell, sell, sell!" And they did.
The big institutions don't care about drawdowns. They care about value and assets. They don't want bets. They want assets. Once the decision was made to buy gold stocks, it was made. They don't have a 1 minute tick chart in front of them with a 15 to 1 levered teckie screaming at them, "if gold falls $400, it's really down $6000 an ounce, cuz I'm levered 15 to 1! We're all burning, or at least I am, so I can't stop screaming, 'sell everything, now, now, now!' "
You do have those people screaming at you, but you don't realize who they are. I do. Now they are short gold. Nice positioning in this crisis. "Me levered short gold. Me own no physical gold. Me save you from Gman with levered bet that Dow fall down, now me on fire, again!" - Joe Blow Top Caller, Oct 6, 2011, 4am? Oh, I forgot, the wienerhead is still in his bed, so he doesn't know he's just been force-liquidated. He doesn't get to start screaming for a few more hours, but that's if he even went to bed, lol.
There will be more trips to the spaceship, for you. When there's a chance gold goes for a parabolic move, you don't back up any trucks on the buy, to make "beeg mownie". You scale back the selling on trading positions and allocate more of your holdings to core positions.
Maybe you add in a little range pgen, or add some options in a 70% calls, 30% puts split. You don't sell your house, let alone granny's house. Do you see the real astronauts frantically loading their family on board? No. You don't need to do that either.
There are no "urgent family meetings" to save everyone required here, or at any point in the crisis. If you want to save people, get richer and give it away. End of story. Chill out, get your helmet back on and get back in the gold space ship, before the banksters burn you off the financial map along with Elmer Fudd and what's left of the levered fundsters and their USD pipedream.
Like a giant can opener, the banksters have extended the gold bull market in time and price. It's like a huge gold snake popped out of the can. That requires different tactics. Trading and turn calling needs to go on the backburner for a period of time, but one plus one does not equal back up 25 net worth trucks on the price chasing buy.
Oil is now up $6 from the low this morning. I told you to focus on oil rather than Dow, on the long side. The banksters deserve a standing ovation for their master play in booting the Dow to a new low and sending Fudd the pathetic coward to the photocopy machine. What a total loser.
His "we're in a new era and the stk mkt goes up forever" ego is destroyed, and he's going to the breadline. Now the Dow is reversed and the banksters hold the pre-hyperinflation stock in their mighty hands, and Fudd and the stupid fundsters hold the USD bag. The set-up is in play for a massive new USD downleg and gold super upleg.
The ultimate seal of the deal would be if the banksters banned the public from buying gold, then blasted it higher. I doubt it happens, but I wouldn't bet against it. The banksters don't want your tiddly wink holdings of gold. They already own most of the gold. They want Fudd's bonds and USD, and they want it at charcoal price levels. They will get all they want, and the only question is, are you onside?
What's coming is not a rally for gold. It's MAJOR. When you see what the banksters have planned for the flip traders who are now short gold and silver, you are going to perhaps join the banksters on the floor, and go into cardiac arrest from shock as the flip traders get the beating of a lifetime.
Gold is up $10, and tagged $1655. Silver grabbed 75 usd cents. Can you handle that? I can. Wheat is up, corn is up. The top calling manual says gold, silver and food were supposed to go off the board any day now, and we'd eat t-bond coupons for dinner.
The idea that QE can end the crisis, if directed at T-bonds, is hilarious. That's the theory that we can economically grow our way out of a quadrillion dollars of OTC derivatives debt.
There is no growing your way out of this debt by printing US dollars and buying t-bonds with that micro money. If the amts printed increase beyond the current tiddly wink levels, institutions will panic out of bonds, unknown to the QE worshippers. Picture a guy on minimum wage with a net worth of 5 grand, who owes $10 million on a bet he lost, and you tell him with a straight face that by cutting rates on the Gman's t-bond he'll soon have his debt under control. Now you have a picture of what QE really is. Gold doesn't need QE to rip the dollar to shreds, and severe deflation is gold-bullish, not gold negative, because deflation causes the system to close, and the bond to go off the board, and gold goes to a possibly infinite price against the dollar. That's the punisher's message to team deflation, and my question to team deflation is, "knock knock, any coconut heads home?"
All that QE is doing, which the real insiders the gold community probably know.... it is simply moving huge numbers of fundsters and the public into the dollar and bonds, and setting the groundwork for a massive increase in the size of the money supply. If that money supply could be increased massively, and priced like charcoal, then sold to the banksters, then locked to gold, do you think such an idea might be of interest to the banksters?
Basically, a slaughter is being prepared. The banksters are herding their marks into a giant arena, where they plan to then seal the financial doors and burn all the idiots alive. I don't see a single error that the banksters have made in the execution of their plan.
Gold had, technically, a 1/3 chance of falling to around $1500 as it traded within the $1700-1900 price blob, and a 2/3 chance of rising to 2100, against the background of overbought technical oscillators. The 1500 scenario played out while I yawned, and team tiddly winks declared it a massive event.
The big boys, and you, are using this rare opportunity and pre-parabolic action zone, as an emotional training session, to prepare and steel yourself for the real parabola zone, where the banksters will methodically exterminate team leverage, permanently. Volatility there will make the current crew of levered top callers beg for the current volatility.
If you don't have more gold than the banksters, you'll never defeat them. All other roads of attack on the banksters are clown moves. If you can't compete with them on the buy or at least hold your ground into the tick lows of a price correction against a roll of toilet paper, you won't even be around to compete with them, let alone beat them. "Me get lawyers, and me try to win Superbowl football game with no football team but with 10 lawyers. Me wonder why security throw me off comex field. Me come back with 15 lawyers and me try again. Me have IQ of 10. Me think that pretty high." -Not you, Oct 6, 2011. The idea that that the banksters are going to blow up on the comex is "beyond insane". It is the levered 15 to 1 fundsters and retail morons that are going to get blown off the financial planet as the banksters methodically remove all leverage from the gold and silver markets, with surprise action that makes the recent margin "hikes" look like margin cuts.
Gridtime. Remember when you are buying individual stocks that if you buy stock A, B, and C all around the same GDX price, you are concentrating capital in a gold stock price zone, rather than diversifying across price. Stagger your pgens if you have a limited number of buys you can do, due to account commissions or other limitations. Don't buy stock A,B,C all at the same GDX price. Stagger the buys, and do the same on the upside with the sells.
Thanks!
Cheers
St out