JAN 12 JWU

Juniors Written Update JWU.

(Pronounced “Jaywoo”)

 

Jan 12, 2015

 

JWU SILVER SPOON UPDATE

 

  1. Silver. The metal of champions.
  2. Are YOU a champion? If so, please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan11cde1.png Double-click to enlarge this superb Coer D’Alene daily chart.
  3. Note the sell-side HSR at $6.62 Take a little profit via pgen, in that area.
  4. Price Waterhouse Coopers just issued a report suggesting that the world’s largest silver importer, India, will bag and tag the 7{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} GDP growth marker in 2015.
  5. I’ll add that if Western GDP calculations were used, that number would be 9{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}. Some Indian econs are talking about India getting 10{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} GDP growth every year, for 20 years in a row! I agree.
  6. Coer D’Alene has mines all along the West Coast of North and South America, and India will want all they mine in the decades ahead.
  7. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan11fr1.png Double-click to enlarge this daily First Majestic chart.
  8. Yes, the stock is up about 80{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} in 6 weeks. Is an 80{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} move a “bear market rally”? Well, it is if you are a crackhead. The gold haters love to claim that if stocks rise 20{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}, it’s a bull market, and if they fall 20{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}, it’s a bear market.
  9. In the real world, that’s nonsense. Bull and bear labels don’t apply to all assets at all times, but when they do, it involves price making a series of intermediate trend highs or lows consecutively and supply-demand fundamentals, not just some percentage movement.
  10. But, using their own percentage yardstick, First Majestic is in a screaming bull market right now.
  11. If it can push through the overhead HSR at $7.60, it should hit your next profit booking zone at $8.90. On the buy-side, with junior stocks you always need to wait for the pain, not the price point or price correction.
  12. If you don’t feel like vomiting, don’t buy with any size, or you may find yourself selling at losses when you are vomiting, instead of buying. You are going to vomit, that’s a done deal. The only question is whether you are a burnout, or a buyer, as that happens.
  13. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan11fsm1.png Double-click to enlarge, and for good fortune! I’ve added Fortuna to the silver portfolio.
  14. It’s currently battling with sell-side HSR at $5.17, and a move through there should see it tag the $5.80 - $6.20 area highs.
  15. Please read here now: “Today, Fortuna is one of Latin America's fastest-growing silver producers with production forecast to grow from 4.6 million ounces of silver and 21,242 ounces of gold in 2013 to approximately 6 million ounces of silver and 32,300 ounces of gold in 2014.”
  16. That’s taken right from the Fortuna website. As the Indian mafia and the Western banksters unveiled the great gold scam from 2011 – 2013, mining company employees became as demoralized as mining company investors. It’s common to see sites of decent companies not kept up to date. It’s not deliberate or even carelessness. It’s simply that after you’ve been thrown in a gulag and beat on, you don’t act quite the same way as you did, when you get out of there.
  17. As gold stock investors, you may want to review the websites of your key stocks, and if they out of date, maybe give them a call and just remind them that you have a friend that wants to invest, but the site is out of date and it’s putting them off.
  18. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan11gpl1.png Double-click to enlarge. Not every stock is roaring up the chart, from the November lows.
  19. But, Tony the Stochastics Tiger is under 50 for GPL, so while it hasn’t been soaring, it could do so, even while other silver stocks rest.
  20. I’m highly impressed with the number of junior resource stocks that are still standing, given the violence of the ultimate naked shorting scam that went on for years, and arguably began in 2004.
  21. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan11hl1.png Double-click to enlarge.
  22. Hecla has been around for a long time, and there’s a preferred B share that pays a dividend for those who want to play the silver stocks, but in a more conservative way.
  23. Technically, Hecla, the largest silver miner in America and the oldest precious metals mining company in America, is working sell-side HSR at $3.02, and seems poised to attack the $3.51 area highs.
  24. Gridtime! Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan12sil1.png That’s the weekly chart for SIL, the silver stocks index.   There’s no question that both gold and silver stocks are massively overbought technically, on the daily charts. That’s not the case on the weekly charts, and you are definitely overdue from a statistical perspective, to see gold stock daily charts stay overbought, while price blasts higher! Let’s cheer that it happens, but act as a professional, on the junior resource stock grid lines. See you there!

 

Kirk Jr. on the gold explorers bridge, out!

Thanks!

Cheers

St

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