JWU #1 NOV 1

 

Nov 1, 2013

 

  1. Trick or Treat? As Barrick/Goldcorp put a monster mine on hold, the H&S bottom on Barrick is suddenly in trouble.

  2. It's a bit of a coincidence, to put it mildly, that the announcement came just as Ben Bernanke and his CNBC propaganda band caps gold again as a key HSR sell-side point of $1350.

  3. Please click here now. That's the GDXJ daily bars chart. The bears see a new H&S top, with a technical target of about $15.

  4. Price has arrived at key minor trend HSR, but GDXJ needs to start taking out some highs, starting with $42.50 and $47.50, rather than just singing another “the bottom is in, all the gurus promise it's true!” anthem.

  5. Tax loss selling season is approaching, and the CNBC propaganda machine is pumping the “news” that Indians are buying other metals than gold for Diwali.

  6. CNBC quoted a few jerks, and one mentioned (I'm not joking) with a straight face, that Indians are eagerly buying dried fruits for Diwali instead of gold.

  7. I think the question of whether some of these “analysts” deserve the death penalty is a valid one.

  8. I don't support the death penalty, but I do think these people should be arrested and charged with gold market fraud, punishable by life in prison or life in a forced labour camp.

  9. Indians are buying less gold because the government mafia forbids them from buying it. Most jewellery stocks look like Hiroshima survivors after the government and bankster mafia nuked them.

  10. With premiums at $130 an ounce, and import taxes being hiked almost monthly, the government and bullion bank mobsters are making windfall profits, and ravaging the greatest jewellery businesses in the world, while putting downside pressure on the gold price. It's a sick joke.

  11. And it's all... 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} real.

  12. Barrick was the one stock that looked really good technically, so the banksters knew that if they hit it this week right after Ben Bernanke spoke, everything would sink.

  13. They were correct.

  14. Peter Munk, the head man at Barrick, (and arguably a certified rat), hardly owns any stock himself, and he's a shareholder destruction expert. Is he a Rothschild front man? Some of you are sure he is.

  15. Please click here now. You are viewing the SIL-nyse silver stocks ETF, and there's a serious technical battle going on between the bulls and the bears.

  16. A bull wedge is competing against a h&s top continuation pattern.

  17. It seems surreal that a top pattern of this size could even develop at this absolute low level on the chart, but it's there.

  18. The bulls need a rabbit in the magician's silver stock hat. There is some buy-side HSR at $12.50 and $12, and that's where SIL is now.

  19. Please click here now. That's what is ultimately going to move gold and silver higher, not Bankster Smellin Yellen. Ben Bernanke was the Money Printing God that the gold community worshipped. After the banksters made him a made man, well, you know what happened to that pipedream.

  20. Income in China/India is about 1/10th of what it is in America, although there are pockets where it is just as high. India has more ultra-poor citizens than China, so industrialization there has the potential to take demand for gold far beyond global mine production.

  21. The CIA puts GDP per capital of India at about $4000 a year, China at about $9000 a year. For the United States, it's about $50,000 a year. That's going to change, but unfortunately banksters are like rats, and they are flocking to Chindia now, taking key positions in most of the major markets, to prepare epic new wealth transfer scams.

  22. If you think QE of $1 trillion a year against $300 trillion of imploded OTCD derivatives is going to produce hyperinflation after Janet Yellen increases it to 1.2 trillion a year, you are sadly mistaken.

  23. If you want your junior gold stocks to recover, my suggestion is to click here now. No Indian jewellery sales = no junior gold stocks party.

  24. That's Gitanjali Group, the world's largest jewellery firm, and the bankster rat/Gman mafia nuked their stock from 600 to 60. There's been some positive action over the past few weeks, but if it can't trade over 100, I don't think you'll see much action in the junior gold mining stocks.

  25. Gridtime! Let's stay focused on Martin Armstrong's Oct 2015 business cycle high, which is essentially the same cycle high used by Ben Bernanke and Janet Yellen. As the cycle peaks, like it did in 2007, then you can expect American money printing, in response to the contraction, to drive gold higher. In the meantime, let's stay real. To do so, please click here now. That's Tara Jewels, another monster Indian player. While every idiot in America draws fantasies of gold on the moon before its business cycle time, the reality is that Indian jewellers, with the exception Chidambaram darling Titan that seems to get a free ride, are going to have to claw their way out of the hole, and as they do so, your junior mining stocks are going to follow suit. Note the breakout from a key base pattern on Tara. Where do you think the gold your companies mine and explore for goes, up Ben Bernanke's nose, like a line of cocaine? No. It goes to real millions of Indian buyers, and real millions of Chinese buyers. They don't care about some Western gold community moron who can't shut up about how great and smart the Chindian Gman and Chindian central bankster rats are. They care about buying all the gold your mines can produce, and already the import pipe in India is creaking open. That's why you're seeing the price and volume action on Gitanjali and Tara, because professional investors know the restrictions are only about 8 months away from getting relaxed. Does anyone really understand how strong gold is here, with virtually no Indian demand, at $1100 - $1400? As that demand comes on side, up go the jewellery stocks, and up go the mining stocks. I don't want QE-obsessed freaks in my gold or in my gold stocks. They can't hold their gold without soaking their diapers when the banksters play their games. It's Indian and Chinese jewellery demand that are the prime time gold price drivers, not some mobster wearing a money printer hat. The only wild card in my mind is whether Japanese gold jewellery investors also become a key demand factor over the next 12 months, and I think the answer to that question is: YES.

Thanks!

Cheers

St

 

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