JUNE 1-2 JWU BITCOIN SHOCKER

Juniors Written Update JWU.

(Pronounced “Jaywoo”)

 

      June 2, 2014

     BITCOIN & LIGHTCOIN SHOCKER UPDATE

1.           Bitcoin has now blasted 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} higher over the past eight weeks, from $339 to $683 today.

2.           For the past week, bitcoin has soared particularly well, but lightcoin, bitcoin’s little brother (like silver is gold’s little brother) hasn’t joined in.

3.           Generally speaking, buying a big company is less risky than buying a small one.

4.           Generally speaking, buying gold is less risky than buying silver.

5.           Generally speaking, buying lightcoin is more risky than buying bitcoin.

6.           Sir Bit has pulled back a bit today, to $630.  Those of you who have been pgen-trading it with buys every $25 down, and selling every $75 up, are very active right now.

7.           Those buying every $100 down and selling every $200 - $300 up are also doing well.

8.           Now that Sir Bit is up 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} from the recent low, as of today, I like to “tweak sell” a little bit more.

9.           As I say to the GU Divi crew, “keep it mellow”.  With cypto currency, that is $100 buy increments for bitcoin for most people, $25 for more active types.  With litecoin, it’s $5 increments for most people.

10.        I’m the only gold analyst in the gold community who categorically endorses the selling of all central bank gold holdings in all countries worldwide (albeit after Chindian demand surpasses mine supply).  Why?

11.        Because I want to see crypto currency like bitcoin, which is something in between gold and fiat, replacing both gold and fiat as central bank holdings.

12.        Gold is the ultimate money, so it should only be in citizen hands, because ultimate power should reside with the citizens, not with govt.

    Kirk, taking gold back to citizen hands, and citizen control, out.

Thanks!

           Cheers

           St

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