jun 7 JMU

Juniors PGEN Marines Update (JMU).

(Pronounced “JAYMEW”)

 

 June 7, 2016

 

 Junior PGEN Marines Update 

 

  1. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/06/2016jun7chow1.png Wheeee!!!
  2. That’s Chow Tai Fook, the world’s largest retail gold jeweller, blasting up the chart!
  3. Where goes Chow… is where goes your gold mining stocks, and right now that is… higher and higher, into kachingo land!
  4. I own a solid amount of Chow, and note the great pattern of higher highs and higher lows!
  5. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/06/2016jun7aum.png One of you asked about Golden Minerals over the week-end and I told you yesterday Goldlion is a buyer under 60 cents.
  6. Today, Goldlion is up 21{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} on the day on his AUM action, and singing, “Wheeeeeee!!!!”
  7. AUM also trades on the NASDAQ, as AUMN.
  8. Remember that in the juniors sector of precious metals, some stocks keep rallying when gold peaks, and some keep falling when gold rallies. They don’t move exactly the same as GDX or GDXJ (and GDXJ contains many intermediate producers now) but they do move roughly the same.
  9. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/06/2016jun7bit1.png That’s a bitcoin chart, priced in yuan. In dollars it’s about $560.  It may be poised to take a run at the $1100/7500yuan area highs.
  10. There’s a potential large H&S bottom forming. I’m a buyer every $25 down via pgen.  I would not pay more than $1000 per bitcoin, regardless of how high it goes, or is supposed to go.
  11. Let me repeat that I don’t get into any of the “Is bitcoin like gold, inferior to gold, or better to gold?” discussion nonsense.
  12. There’s a reason I have bitcoin on the juniors site, and not gold bullion. There are similarities to gold, like a 2 year old with muscles has similarities to a professional powerlifter.  Try not to get overly carried away comparing two year olds with pro powerlifters.    The bottom line: There’s opportunity with bitcoin, and risk.  Enough said.
  13. Please click here now: http://gracelandupdates.com/wordpress/wp-content/uploads/2016/06/2016jun7rock1.png I sent that as an alert to the GU crew.
  14. You may soon be seeing 200 ton months demand coming out of India. The question is: Are you and your mines prepared?
  15. To get prepared, please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/06/2016jun7j1.png That’s GDXJ against gold bullion.
  16. Note the action on my 5,15 moving average series. A sell signal occurred, but reversed right back to a buy signal after the jobs report nuclear bomb!
  17. Remember that institutions buy gold because they want to avoid market risk, not because they think it won’t fall down because Janet won’t raise rates.
  18. Risk can be associated with rising rates, falling rates (or both, as it is now as seen with falling rates in Europe and rising USA rates both blasting gold higher!)
  19. GDXJ actually did make a marginal NEW HIGH today against gold currency, which you can see on that chart.
  20. Gridtime! A fourth Chinese bank just joined the LBMA in London.  There are 14 banks doing the LBMA price fix, and 4 of them are now Chinese.  It’s not a coincidence that YOU are pleasantly surprised, more and more often, by the lack of COMEX price smashes, and the growing power of Chinese banks on the LBMA.  I told you this was coming.  Gold will become a publically respected asset in the bull era.  Let’s hit all the junior gold stock gridlines now.  I’ll see you there!

 

 

Kirk Jr. on the gold explorers bridge, out! 

Thanks!

           Cheers

           St

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