Juniors PGEN Marines Update (JMU).
Feb 4, 2016
Junior PGEN Marines Update
- The junior gold and silver stocks PGEN marines (you) had a phenomenal day on the battlefield yesterday. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/02/2016feb4siljr1.png That’s the daily SIL silver stocks ETF chart.
- I’ve talked in GU about the need to listen to Janet Yellen, rather than predict what she will do. Team prediction promised QE and gold prices to infinity, or rate hikes that would destroy gold. Both groups got it all wrong, and Janet did exactly what she told YOU she would do.
- There is no need to try to outsmart Janet or think ahead of her, but there is a need to listen to what she tells you to do.
- When Janet says, “I see inflation shoots”, and you say, “I see NIRP shoots”, I bet my money on Janet, not on you. I do that, so I get richer. And, silver stocks are now clearly betting on Janet.
- Silver stocks, and silver itself, struggled as the Dow took a hit from Janet’s first rate hike, while gold surged, as I told you it would.
- I showed the GU crew a chart of industrial production that Janet uses, and Morgan Stanley econs use. With oil included, it looks like the US economy is rolling over. With oil excluded, the economy looks ok, albeit in turtle mode.
- Heads up: When the winds of stagflation blow, growth is slow, but there, and inflation begins to rise. Janet has told you that oil’s decline is temporary. Janet has essentially laid out the stagflation scenario for you.
- In contrast, the gurus have told you that they are much smarter than she is, and there will be one more low in gold, and then their crackpipe smoke will go vertical. My suggestion is to listen to what Janet is telling you.
- If oil reverses, and Captain Ewave, the world’s great Elliott wave analyst, thinks it will, then US industrial production is going to start rising again, and Janet will hike again, causing the banks to pull excess reserves from the Fed and put it in the commercial financial system, where it can be loaned out 10:1.
- Does anyone understand how inflationary that potentially is? The Dow can stagger along here, and if it does so while oil reverses, some decent institutional money is going to start looking for a home in silver stocks. The question is: Do YOU own any?
- Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/02/2016feb4edv1.png Endeavour Mining may have staged an upside channel breakout, which is very positive news for shareholders.
- Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/02/2016feb4hui1.png That’s the HUI weekly bars chart.
- Are gold stocks staging a major upside breakout? Probably. Regardless, the gold bull era is still going to feature endless bankster scams, even though price discovery will be more jewellery versus mine supply oriented.
- So, you still need to prune your junior gold and silver stock trees, on kachingo days like today.
- I realize that some of the “ultra-risk” juniors haven’t joined in the upside fun of the past few days and weeks. That’s normal at the start of a more serious upside move, and it shows that institutions rather than gold gurus and hedge funds are running this show.
- Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/02/2016feb4mux1.png That’s Rob “Spacehelmets On” McEwan, via MUX, blasting out of the upchannel, even more aggressively than Endeavour!
- Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/02/2016feb4j1.png That’s the daily GDXJ chart. There’s a key upside breakout in play today, following yesterday’s HUI/GDX chart.
- For a longer term look at the intermediate and junior gold stocks action, please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/02/2016feb4j2.png That’s another daily chart, going a bit further back.
- The banksters have been buying stock in your mines since India imposed the duty in 2013, and opened the $1523 trap door for gold. They are the largest shareholders in many of your stocks now.
- Gridtime! The banksters aren’t interested in whether some magical low is in or not, nor whether vertical smoke is now poised to blow out of some guru’s crackpipe. Buys made in junior gold stocks as gold arrived at $1228 were done professionally, by the banksters, and by you. Whether you bought a lot of gold at the outskirts of $1033 or a little, or none at all is not very important, but it is very important that you did buy at $1228. If gold does go into the $1033 HSR zone, you’ll have plenty of vomit bags ready, to do what is necessary, and stand by the banksters, and buy as they buy. Today is a day to ring the cash register, but it’s also a day to think of all the vomit bag days you’ve had in the past, rather than predicting how they can never happen again, because you are so great and smart. Save some of the cash you raise today on pgen sells, and from selling if we move still higher, not just for quick rebuys, but for days when you feel ill, and the banksters are laughing as they buy. Save for a rainy day, so the rain is less painful. You all have mega-mountains of junior gold stock. Use today to “jack your bull era ride” with a little bit of money into the piggy bank for a rainy day. Let’s hit the gridlines now. I’ll see you there!
Kirk Jr. on the gold explorers bridge, out!