JUNE 4 JMU

Juniors PGEN Marines Update (JMU).

(Pronounced “JAYMEW”)

 

 June 4, 2016

 

 Junior PGEN Marines Update 

 

  1. Please click here now: http://www.bing.com/videos/search?q=purina+cat+chow+chow+chow+youtube&view=detail&mid=2687B22FE3CF9BC547732687B22FE3CF9BC54773&FORM=VIRE Chow, chow, chow.
  2. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/06/2016jun3chow1.png Golden how, chow, chow!
  3. While the gurus tried their latest gold top call, I asked YOU to focus on Chow Tai Fook, China’s, and the world’s, largest gold jewellery retailer.
  4. The Chow Tai Fook price action is partly how I predicted gold stocks could rally bigtime after the jobs report announcement.
  5. I own a lot of Chow. Stop loss fans can keep a stop/profit lock at about $5.40, HKD.
  6. Tony is now at about 95, on that chart. A sell-off is expected, and likely imminent.
  7. Maybe the lows get broken on Chow. I doubt it.  Regardless, if they do, I’m an epic buyer of gold stocks, and suggest you be one too.  Maybe they don’t, and onwards and upwards, you and your junior mine investments go!
  8. Here’s the last sentence from my GU update on Tuesday of this week: “This is a time for investors to position themselves for the next wave higher, and for gold stocks, that wave may just begin on Friday morning!” –Me, Tuesday, May 31, 7am.
  9. Any questions about why I’m Captain Kirk, sitting in the command centre of the bull era star ship?
  10. I didn’t think so.
  11. Don’t smoke any more Cohibas or drink any more champagne. Here’s why:  As the bull era unfolds, how you felt yesterday is going to be your NEW NORMAL.  I’m not joking.  You’ll end up like a dead rock star if you try to celebrate too much!
  12. Meantime, please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/06/2016jun3j.png GDXJ rose a staggering 12{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} yesterday!
  13. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/06/2016jun4j2.png Unfortunately, the bankster chart painting masters have not gone away. They painted a H&S top pattern on GDXJ with yesterday’s price action.
  14. The bottom line: You can’t kill a gold bug, but you can’t kill a bankster bug either. 
  15. Keep that in mind, but before you choke on your champagne, please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/06/2016jun4j3.png That’s a third look at the GDXJ chart.
  16. Tony the Stochastics Tiger is flashing a fresh buy signal, at the bottom of the chart! Also, your armed forces have in their corner… one of the largest daily volume bars in the history of GDXJ.
  17. Further, GDXJ has recaptured the demand trend line, and done so in a gap higher. Amateur technical analyst crackheads believe that “all gaps are filled”.    All wrong.
  18. The reality is that most small violent moves are retraced, and if there’s a gap in that move, the retracement process fills it, but that’s a teeny tiny side issue. It’s not about filling gaps.  It’s about the reality of retracing minor violent price action.
  19. The current gap higher on mega-volume was produced by a key fundamental event, which is the shunning of risk that occurred when the US jobs report was released. It wasn’t about “Oh, Janet might not raise rates, so gold won’t crash”. 
  20. It was about “Jobs are tanking, the business cycle is old, QE is toast, and taking risk in the risk markets is madness now, so let’s get out of risk and into the safe havens of gold and the yen”.
  21. The huge rally in gold created the mega rally in gold stocks.
  22. The bottom line is that team H&S top could win against team fundamentals, team volume, and against team Tony the Tiger but….it’s not very likely!
  23. Meantime, please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/06/2016jun4bit1.png Bitcoin is also doing well.  I buy it in China in yuan.  I’m slowly moving away from all USD transactions, but it’s a long ongoing process, and I want it to be a long process. 
  24. Regardless, in US fiat Sir Bit is trading at $575 this morning, and challenging the round number 4000 yuan level.
  25. Gridtime! Aussie subs should get ready for a mega-blast higher as your market opens up.  I’ll cover the Thunder Down Under portfolio on Monday.  In the meantime, please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/06/2016jun4eagle1.png Why would I show the juniors pgen marines (you) a senior gold stock?  Well, I’ve suggested that Agnico Eagle, aka “The Eagle” may have replaced Barrick as the lead indicator for the gold stock sector.  Watching the Eagle blow to a new high for the out of the 2015 hole rally is a key event.  Note the broadening formation in play.  All the annotations, except for the new buy signal from Tony… I had on that chart before the blastoff occurred.  I asked all marines whether gold was getting ready for a real correction, or whether you may see gold stocks blow to yet another high before any correction happens.  Silver Standard (SSRI-nyse) also blew to a new high yesterday.  With the leaders of both the gold stocks and silver stocks sectors making new highs, YOU can walk the grid with a high level of confidence.  Are YOU and YOUR gold stocks sitting at your posts, on the bull era starship?  Kirk is, and if the Eagle and “The Standard” have any say in the matter, you’re about to get a lot richer!    

 

Kirk Jr. on the junior metal stocks starship bridge, out! 

Thanks!

 Cheers

 St

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