jan 24 jwu


Juniors Written Update JWU.

(Pronounced “Jaywoo”)


     Jan 24, 2015




  1. The Economic Times of India reports that Goldman Sachs has raised its 2015 average price for gold to $1262, but they expect the price to fall to $1089 in 2016.
  2. Goldman refuses to mention China or India in their gold market analysis, and forgets to mention their company needs significant and consistent declines in the gold price to turn a profit on their hedging business.
  3. Goldman got the gold price all wrong in 2014, precisely because of their refusal to focus on China or India. They are becoming relics of the fear trade era, babbling nonsense about the dollar’s rally against the euro and yen, and rate hikes in America.
  4. Like the mainstream media, Goldman talks about “world leading growth” in America. How 2{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} growth of 330 million aging debtaholics… verus 6{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} - 7{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} growth of 2.5 billion saveaholics and goldaholics, is a gold sell signal, boggles the mind, but none of that bothers Goldman.
  5. In their world, anything and everything is a gold sell signal.
  6. Nothing is mentioned about the growth of China and India. Nothing is mentioned about duties, jewellery, the Shanghai Gold Exchange numbers. Even if you are bearish on the SGE numbers, failure to mention those numbers is an act of unprofessionalism.
  7. All you’re told is how great and mighty Americans living in their cars is as an economic force, and how, magically, Goldman knows that’s a giant gold sell signal, for the rest of time.
  8. Goldman not only got gold all wrong in 2014, while I called it almost exactly…. They also promised there would be no gold rally in 2015 Q1, and there would be a big decline then.
  9. In contrast, I predicted a huge 2015 Q1 rally, and another wet noodle ride for the Dow, and that’s exactly what has transpired.
  10. India is poised, from a GDP perspective, to go “double digit”, and please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan23chinanet1.png The growth of the online economy in China is You’re told every 24 hours that Chinese growth is “tanking”, but the numbers just don’t support those shrill statements.
  11. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan24jack1.png The richest man in China doesn’t think the nation is crashing, and I’ll be adding buy/sell signals for his Alibaba stock on the guswinger.com site from here forwards.
  12. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan24jack2.png The richest man in China is also eyeing major expansion into India.
  13. Any time business increases in China or India, gold demand rises. It’s that simple. The bigger and more consistent that gold demand is, the more than institutions begin to look at junior gold stocks in a different light.
  14. I’ve talked about Turkey as historically the number 3 source of gold demand in the world, although American neocons recently were successful in wrecking the major ramp up in demand that was underway there.
  15. The citizens will prevail. Alone in the Western gold community, I’ve argued that Indian gold monetization is Trojan horse for the good guys (team gold). The bad guys (team fiat) think that they can get Indian citizens to hand most of their gold to the banks, and in return the banks can short it on the CRIMEX, and make fiat loans against it.
  16. The reality is that the monetization wave benefits team gold, because the citizens don’t hand in much of their existing gold, but they will add to their overall golden party (and hence to yours), by buying some of the bank gold products, but buying them with fiat, not with existing gold.
  17. On that key note, please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan24turk1.png If you read that article, you think that the banks have been successful in monetizing existing a decent amount of Turkish citizen gold.
  18. All wrong.   The reality is that most of the $10 billion in bank gold products (BGP) is from fiat, not from gold. The citizens ARE buying billions in BGPs, many of which are 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} backed by physical gold, by the way, but they buying them with new fiat they’ve earned, not with legacy under the pillow gold.
  19. As BGPs gain major traction in India, I think you’ll see them make Western ETFs look like a grain of sand on a giant golden beach. Other than me, only the world gold council understands how big BGPs can be, and they are actively promoting them.
  20. I added a bitcoin widget to the juniors site. Check it out. It’s blasted to $240 a coin, from $150, in just days, a 60{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} blast of party time performance. I’m working to take bitcoin for subs, and I’ll be going over the simplicity and ease of using “Sir Bit” for transactions, and also of course professionally managing the risks.
  21. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan24rbi1.png Don’t waste your time telling India how the US dollar is rising because the oil-soaked Cbone (Canadian dollar) is imploding. Don’t waste your time telling India that the yankee wet noodle dollar is rising against the glorified Drachma, otherwise known as the euro. Nobody in India cares. All they care about is rushing your mines, to get all the gold!
  22. The rupee will be the strongest fiat currency in the world, and the yuan will be right behind it. If Modi listens to superbanker Raj, instead of to mini mobster Jaitley, he won’t encourage exports to any significant degree.   India will become a closed shop economy. Just as gold goes into India, and rarely leaves, so it will be with everything. The country can have a massively strong fiat rupee, while have a huge current account surplus.
  23. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan24petal1.png I’m open to gold falling to $1240 an ounce, and the banksters have piled on shorts against the hedge funds in advance of wealth transfer master Janet’s upcoming FOMC scam.
  24. Still, I’m also open, as Captain Ewave is, to gold bursting topside, and racing towards $1350 or $1400. That could ignite upside fireworks in your junior gold stocks. It’s important to keep an eye on the petal chart. That’s the gold price per gram, in rupees. It may be an ascending triangle, rather than the double top it appears to be on the crimex chart.
  25. Gridtime! After massive strength, there’s nothing to do except book light profit, prepare for weakness, but keep a window open, to the ascending triangle scenario. Stay focused on the development of Indian BGPs and the petal chart. All the fundamental factors that made the bank econs all wrong about gold in 2014, are not weakening in 2015. They are strengthening. I’ll be doing a lot of work on the juniors site later this afternoon, both videos and updating the menus and portfolios. See you there, and thanks for your time!


Kirk Jr. on the gold explorers bridge, out!




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