aug 19 JMU

Juniors PGEN Marines Update (JMU).

(Pronounced “JAYMEW”)


Aug 19, 2015


Junior PGEN Marines Update


  1. Please click here now: That’s the daily chart for Sir Bit (aka bitcoin).
  2. I like the bull wedge, but I like a $25 increments buy-side pgen to zero better! Over the past few weeks, bitcoin has surged to $317, and pulled back almost two pgen increments, to about $253.
  3. That’s like gold pulling back from about $3100 to $2500. Think about that, and not just in regards to bitcoin.
  4. This is a “nothing” pullback. It’s just normal action. Now, picture gold roaring to $3100, and the guru crackheads, and some legitimate analysts, all run forwards to suggest that gold may go parabolic, and you must buy before it gets away. Then it “tanks” to $2500, and they all then immediately promise it’s going “much lower” and looks “dangerous”.
  5. A $600 pullback in gold needs to be handled as professionally as the current bitcoin pullback. Hopefully this scenario allows you to think a little more “bull era style” about gold, and a little less like the gurus who stupidly believe the next up or down move is “critically important”. It’s not critically important, but booting them into the garbage can is.
  6. Please click here now: Double-click to enlarge. That’s the daily chart of MceEwan Mining (MUX-NYSE).
  7. MUX is staging an attempt to burst upside from a pennant formation!
  8. Please click here now: McEwen is one Flying Five stock. Klondex is another.
  9. Look at it rip up the chart! You got into gold because of the US debt-oriented fear trade. The banksters turned that into a scam. It’s not so simple to turn the love trade into a scam. Here’s why:
  10. The fear traders that bought gold because of their (erroneous) belief that QE was inflationary did cause the trend of gold to be upwards.
  11. That’s because their buying was enough to overwhelm the rough balance that existed between demand and supply. It was like a second India arrived on the scene; buying was substantial.
  12. The banksters didn’t fight that trend, although they manipulated it so they made vast profits. The problem for the fear traders was: leverage.
  13. When bank econs began questioning the inflationary implications of a growing money supply that had tanking velocity, the banksters turned up the heat on the funds, and they faced forced liquidation.
  14. The love trade is growing fast, but it’s largely an unleveraged trade. The fear traders bought because of a theory about inflation. When it didn’t pan out, they wanted out in a big way.
  15. The love trade is a vastly different animal. Indians buy because of the Hindu religion, not because of a theory that gold is going higher or lower.
  16. If some bank econ tells them that the price of gold will fall because their Hindu religion reasons for buying are wrong, do YOU really think one Indian is going to act on that?
  17. No, they’re not going to act on it. Every year, the entire population of Greece is born in India. Indian GDP is growing at 7{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}. Gold jewellery demand is growing at about 8{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} -12{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} a year. It’s mainly unleveraged buying. You can’t turn that off by flapping the mouth of a bank econ.
  18. Almost nobody in India cares about some analyst’s stories about why gold will fall down, and even if they agreed with the analyst, their buying is still going to grow at 8{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} - 12{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}.
  19. Your mines are entering an era ruled by titans, not storytellers. Some of you have asked me why the banksters wouldn’t wreck the love trade the same way they wrecked the fear trade.
  20. The answer is that they can’t. Indian demand is inelastic, because the reasons for the demand are inelastic. That’s not the case with the fear trade.
  21. Your mines need to get seriously prepared for what is coming. It dwarfs anything that even the most imaginative fear trader envisions, in terms of total demand.
  22. Also, some analysts like to talk about supply of gold using prizes they got out of a crackerjack box. Gold is money. It’s the most important reserve asset of central banks. It’s the most important tool in any central banker’s fiat repair tool box.
  23. So, you can’t just say, “well, the supply is all the above ground gold, and it could be liquidated”. It’s not simple. A lot of supply that theoretically exists barely exists in the practical world. That’s not the case with sugar, oil, or other commodities.
  24. Gridtime! Please click here now: That’s the daily Pretium chart, of Goldlion’s “Golden Monsters” portfolio components. I drew your attention to the $4.80 area when PVG began to rally. It’s the equivalent of $1140 gold, and it’s blown through there like an Indian bull era freight train going full speed, with YOU on board! Let’s hit the gridlines now. See you there!

Kirk Jr. on the gold explorers bridge, out!




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