july 24 JMU

Juniors PGEN Marines Update (JMU).

(Pronounced “JAYMEW”)

 

July 24, 2015

 

Junior PGEN Marines Update

 

  1. Lesson number 1 million about why you need to carry some GDXJ short positions against your myriad of pgen longs on individual junior stocks was just issued, with the latest gold stocks meltdown.
  2. As I’ve often repeated, if carrying some short positions allows you to be more net long than you would be otherwise, and in a vastly stronger emotional position, should it not be a tool in your toolbox?
  3. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/07/2015jul24gdx1.png That’s the GDX daily chart.
  4. Some of you are swinger subs, and some are not. While I don’t mind blowing my golden horn at times like now, the main point is not to promote my swing trading service, but to ask if you were carrying short positions on GDX into this decline, would it make it a lot easier to be on the buy now, on your favourite junior gold and silver stocks?
  5. The answer is of course: Yes.
  6. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/07/2015jul4lite1.png That’s the LITECOIN chart, using 15 minute bars.
  7. In regards to crypto currencies: Most of you know that I’m a risk management freak. I keep some crypto on my hard drives, some in trading accounts, and some in crypto vaults. Anything can happen to an asset, beyond price risk.
  8. Litecoin transactions can be processed faster than bitcoin transactions. Bit is like gold, and lite is like silver, in the crypto world.
  9. That’s doesn’t mean these crypto assets are just like gold or just like silver. There’s a reason I carry them on my juniors site, and not my main site or the divi site, and it’s not because they are low risk or “just like gold”!
  10. Gold and silver bullion are the world’s ultimate assets. Crypto currencies have the potential to replace fiat, but they do not have what it takes to replace gold or silver. Nothing does.
  11. Right now, bitcoin is being attacked as too slow, and that may be behind the 700{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} surge in litecoin a few weeks ago. I told you to sell at the top of that rally, and buy bitcoin, and then move some “action” back to litecoin after it fell from $8 to $4. It looks good here.
  12. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/07/2015jul24bit1.png That’s bitcoin, and it appears to be on the move again.
  13. It’s broken out of a small pennant on the 15 minute bars chart. I own bitcoin via several pgens. One is every $100 down (I’m a buyer).
  14. The other is ever $25 down (trading positions sold every $50 - $75 higher.
  15. I’ve talked to the GU crew about cycles master Eric Hadik, who uses cycles that really centre around the battle for Jerusalem in the biggest picture, but he has shorter cycles, like a 40 year cycle for gold.
  16. That cycle suggested a significant high for gold/silver/related stocks in August 2011, and it happened. The same cycle suggests a potential low for late July 2015 (now), and a “Golden Year” for 2016, and 2017 (higher prices).
  17. Maybe it happens, and maybe it doesn’t. Mine builder extraordinaire Pierre Lassonde thinks gold stocks will surge enormously, when the turn comes. He believes a kind of “demand supply moment” will arrive, where Chindian demand overwhelms mine supply.
  18. I would argue that the more important issue is whether Chindian demand overwhelms supply to the point that the Chinese government has the manipulators arrested, to save face.
  19. Newmont released great numbers yesterday, and analysts are very positive about the company. That bodes well for the sector, but obviously some time is required, here in the transition zone.
  20. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/07/2015jul23pvg1.png That’s the Pretium chart.
  21. Pretium is a member of the “Golden Monsters” portfolio. Chinese mega-miner Zijin is financing the company. It has huge reserves in British Columbia, and junior pgen marines (you) that are interested in the stock should be pgen buyers every 25 cents down.
  22. What I’ve done with that Pretium chart is highlight a classic “Mike Kahn” scenario, where price appears to “break” support, but it may simply be what Mike, who is arguably the world’s greatest living market technician, an “overshoot scenario”. Regardless, for stocks in the $3 -$5 area, I like to buy them every 25 cents down, via pgen.
  23. Newsflash: Goldlion reports that Batero gold just bought out CB gold. I’ll send you details tomorrow….
  24. Gridtime! Stay mellow. Gold is up $28 from this morning’s low as I send this off, but that doesn’t mean it’s getting away. Just stay focused on your pgens. Your job isn’t to mimic the banksters. Now all the gurus will try to analyse price higher after today’s action. Don’t do that. Just respond to price professionally. Let me talk. You take action. Have a super week-end. I’ll see you out there… on the junior gold stock gridlines!

 

 

Kirk Jr. on the gold explorers bridge, out!

Thanks!

           Cheers

           St

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