"I
spit on your constitution". If you want get hated,
start pushing an American citizen's buttons. Tell them how
stupid their constitution is. Tell them how evil the founding
fathers were.
If
you want to do the same thing to an Indian in India, get
hated, tell them all about the dollar price of gold, and how
stupid they are to seek more gold.
What
just happened, was an intense failure. An intense failure...
to buy gold and silver. An intense failure to understand what
gold is. The banksters organized mission "Take The
Idiots' Gold ", and for the one millionth time,
their operation was wildly successful. C'est La Idiot Vie?
I've
talked at length about how, beginning with the gulag move to
$1478, many in the gold community began permanently leaving
the gold stocks building. They aren't coming back, which
proves the banksters are either looking to sell their gold to
a new crew of morons, or to the world's central banks. Either
way, or both ways, it will be at vastly higher prices, by
definition.
Those
who think the players who are throwing in the white towel now,
will come back later, are dead wrong. This isn't like the
"push it up $100, and watch the bozos buy, then push
it down, and watch them cry and sell". What has just
taken place since the spring is permanent destruction.
That
can only mean the banksters plan to
either massively ramp up central bank buy programs or bring
money printing onto the main stage. In time, it will be both.
Jim
Sinclair said that he is seeing the same thing; gold investors
he's known for 40 years have told him
"something has changed", and they have thrown
in the white towel. If you think they are coming back, you are
living a pipedream. You need to understand the
difference between booking a stop loss and leaving the
building.
The
upside on gold is becoming truly gargantuan given the
intensity of this permanent capitulation. The only real
question, however, is whether YOUR upside is becoming truly
gargantuan, or whether you are lying on the scrap heap along
with the rest of team permanent capitulation. Soon the
banksters will swing the gold wrecking ball into the heap of
photocopiers and guide the lobotomized worshippers to... the
bread line.
Mark
Hulbert reports that 99.7% of gold
newsletter writers are bearish. That's 997 out of 1000!
That was before Wednesday's
melt-o-rama!! What that spells is more gold profits for
for me, and for you. IF you are... ONSIDE.
Think
about how you felt at the lows this week. Now give that
feeling a number. Now put that number in your calculator. Now
multiply it by ten. That feeling of "horror times ten"
lies ahead, ironically, at much higher prices.
When
gold was $500, did you think you would feel this horrible at
$1600 gold? Well, please throw your pipedream of how you will
feel at gold $3000 into the garbage can. This
gold bull will only get tougher, not easier. The
feelings of horror will intensify many-fold. Embrace the
coming horror, so you get richer, rather than stupider.
Pete
Grandwich took on 3 gold bears, but he made an error. He bet
three dollar bugs a million dollars, rather than a block of
gold. The bugs responded with blab because that is their
world. Don't operate in their world. Operate in the punisher's
world.
I
told you the gold punisher is on the offensive now. You need
to follow that offensive position in action and thought. Don't
answer to dollar bugs. Order them around. Don't bet dollars
with a dollar bug. Bet ounces. Don't give one inch of ground
to the maggots. Do the banksters give you anything? No. So
don't you give any ground to any dollar bug. None.
Let
the dollar bugs know it is a battle and they are going to the
breadline. There is no 'unless you buy gold, you get
poorer' story to be told to them. There is only beating
them up. Once they realize you only laugh in their face, they
will start to listen. Beat them into the dirt. So they learn.
You
need to show your opponents strength and dominance, or they
will continue to dominate you. Do not defend gold. Never
answer any question if it involves defending gold. You don't
defend. You destroy.
Sorry,
but the age of analysis is long over. Do not analyse the grid,
or your fears. Turn your mind off, and your vacuum on.
Click this
oil chart now. There
is a small double top, and big H&S continuation bull
pattern.
It
is battle time in the oil market. Oil is down about $6 from
the highs. That is a microscopic price sale. You have watched
the gold triangle broken and so it is tempting to think that
the oil h&s will therefore be destroyed too.
Try
not to make guesses about what may or may not happen. The h&s
suggests oil is going higher. It does not suggest you should
buy it because of that h&s.
You
buy triangle failures, analysis failures, and massive price
weakness. If you cannot buy it, you endure it.
Gold
is surging towards $1600. The banksters are already booking
profits on what they bought into $1570, but lightly so. Still,
the mindset must change from buy to sell, on the first tick up
in price. That is the mindset of the banksters, and it must be
your mindset. Likewise, on the first downtick, your mind must
go back into buy mode.
When
you move from a mindset of active trading, to one that will
see you survive the coming increase in volatility, trading
less, and holding out for bigger gains, you are going to have
to put aside the news a little more strongly.
Price
will continue to gyrate, and news will continue to issue
reasons why that is. Gold lease rates are interesting, but
they do not rule what gold is.
When
you take out your home run bat and hit the ball, you do not
start guessing as to whether that ball might only be a single
or a double. Backpeddling on a commitment to endure is
welching on the deal you made with yourself to stand tall
beside Babe Ruth.