JWU apr 30

Apr 30, 2014

 

JWU UNDERSTANDING SHANGHAI AND HONG KONG UPDATE

1.    US GDP came in today, at a phenomenal 0.1{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}, and that superstar growth is why you’re supposed to sell all your gold now, according to the banksters.

2.    Interestingly, Chinese growth moving from 7.5{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} to 7.4{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}, while the nation transitions from an export-oriented theme to domestic consumption, is pumped as a disaster, and as another reason to sell all your gold now, according to the banksters.

3.    How 0.1{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} growth is defined as phenomenal world-leading growth, while 7.4{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} growth in the world’s largest population of gold-embracers is somehow defined as a disaster that creates a massive sell signal for gold, is somewhat odd, to put it mildly.

4.    Please click here now: http://www.gracelandjuniors.com/images/stories/14apr/2014apr30elg1.png  That’s the Elgin chart.  It looks just like Levon does now.  I’ve mentioned that even when GDXJ stalled, some of these individual juniors would trade higher anyways.

5.    That’s something that’s just beginning.

6.    Remember when I blasted the general Western gold community, basically for acting like wimps?  The more they did it, especially at major HSR, the more I blasted them. Recently, however, I’ve mentioned a new emotional toughness presenting itself.  It’s real.

7.    Also, being alone when the gold price drivers you counted on as bedrock….when they all disappear, if nobody has your back, the feeling you get can be terrifying and overwhelming.

8.    The point I’m making here is that I try to look at the facts of the gold community situation, not just blast people when there’s nothing to blast them about, or praise them when there’s nothing to praise.  Which brings us to the current situation:

9.    Some (most) of the things that a subset of the gold community, the parabola demanders, have postulated over the years have been sheer 1000{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} nonsense, but that doesn’t mean that the issues they focus on can’t become very real in some way.

10.Speaking more directly, today’s announcement by the Shanghai Gold Exchange (SGE) that they will join forces with the Hong Kong gold dealers is a landmark event.  The parabola demanders (PDs) believe (or did believe until the banksters tanked their stocks 98{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} and emotionally destroyed them) that an “emancipation of the fizz” event is imminent, That emancipation features an imaginary group of “desperate” banksters on the comex imploding, while Asian markets like Shanghai and Hong Kong send gold vertical, for ever and ever.

11.Today’s landmark announcement does speed of the emancipation of the fizz process, but the reality is that the comex is a rotary phone based on the gold fear trade.  The rise of the “fizz” market, is the rise of the gold jewellery era, which is driven by a combination of religion, culture, and the love trade (weddings, birthdays, etc).

12.I knew Hong Kong would merge into China, once China abandoned communism.  The process is underway, and today’s landmark merger action accelerates it.  It was only about a week ago, that I told you about another landmark action, the beginning of the merging of the Shanghai and Hong Kong stock markets.

13. The internationalization of the yuan is beginning, and the rotary phonization of the comex is accelerating.

14. The PDs also focused on the London Gold Fix.  believed that because the market was manipulated, a removal of the manipulation would blast gold vertical.  The fix is manipulated, but that doesn’t mean that “unmanipulating it” blasts gold into a parabola. 

15.When the Rothschilds left the fix years ago, I suggested as they did it that they would burn it down in time, and that’s happening now.  Deutsche Bank is in a lot of trouble here, and there are only 2 banks left running the silver fix.

16.I’ve suggested that as the super-crisis fades in gold price driver relevance, the volatility in the gold market will decline.  The same is true, as the manipulators leave the market.  It doesn’t produce a parabola.  It produces a market where price is determined by steadily rising demand that rises relentlessly, not suddenly, to overtake mine and central bank supply.

17.You won’t have economists acting like jerks, when the manipulators are gone.  They won’t be screaming, “gold’s a slam dunk sell, it’s gonna crash, short it!”  Gold will become a more peaceful market.  It’s already happening.

18.Ironically, both the crash demanders and the parabola demanders alike, are being turned into rotary phones, leaving only the mine builders (engineers and businessmen),  mine financiers (you), the jewellery manufacturers, and the jewellery buyers. 

19.CP Chidambaram, the lead mobster behind the April smash, has announced he’s not running for re-election.  I’ve suggested he has hinted that the gold mobster era is over or nearly over, and he would likely retire.  Arrests will meet those who overstay their welcome.  Chidambaram, like Rothschild, knows when an old era is ending, and a new one is beginning.  Modi will have many gold mobsters arrested in time, but Chidambaram has shown respect to Modi, and he is accepting the end of gold mobster era as a man, in a number of ways, admitting that India needs a change.  Like Rothschild, Chidambaram is a mastermind, and part of being a mastermind is knowing when the game is really changing.

20.It will be decades before the banksters arise from the ashes in Chindia, to begin the next wealth transfer scam.  This is the wealth building phase.  The citizens are only starting to build wealth in Chindia.  In the mind of a professional bankster, who thinks in generations not years or $10 comex moves, there is no wealth to transfer before that wealth has been built.

21.Ultimately, even gold investment bars will come to have a limited price discovery role in the gold market, making the “emancipation of the fizz” PDs look stupid.  To an Indian titan of ton, it’s almost sacrilegious not to create a fabulous piece of jewellery out of a boring gold bar.  22 and 24 carat jewellery is sold by weight, like your gold bars and mine are, but the price per ounce is higher, to pay for the crafting of it.  Which really is the ultimate asset, a 24 carat gold bar bought at $1500, before it gets away, or a fabulously crafted piece of jewellery bought when gold is $1300, paying a price of $1500 an a jewellery ounce? 

22.Jewellery can be stored in any safe deposit box, and any major insurance company will insure it.  Bullion is viewed as a suspect item in most safe deposit boxes, and most insurance companies won’t honour insurance on it there.  Owning only gold jewellery is not a step any Western investor should probably make.  But owning none is probably not very smart, just from a risk management perspective alone.

23.As the super-crisis is overwhelmed by gold jewellery bedrock, the emotional state of gold market stakeholders will become much more stable.  

24. It’s not difficult for GDXJ to rise 75{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} - 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} a year, if gold jewellery demand in Chindia is allowed to grow, free of bankster and Gman restriction.  The growth in Chindian incomes is not the same as growth in GDP there.  It’s exponentially correlated to GDP growth, and so is gold jewellery buying. 

25. Gridtime!  Imagine a world where junior gold stocks appear to meander higher, like the stealth rise from $1180 to $1392 from December to now….but they are gaining a consistent 75{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} a year.  You got a taste of that recently.  Everything was going great, until gold rose into the $1330 area.  Then the crash demanders (the banksters) began pumping propaganda that Ukraine was driving gold, when it was jewellery demand.  The gold community swallowed that swill, and began buying wildly on micro dips between $1330 - $1392, to get all the free money before gold went parabolic.  So did the hedge funds.  The banks may have pushed President Obama into making a Ukrainian mountain out of a Crimean molehill.  Regardless, the banksters offloaded and took the other side of the trade.  Down went gold, downer went GDXJ, and downest went your individual junior gold stocks.  The point is that there is no nirvana yet, but each bankster game and gold community price chase is getting smaller, as the gold jewellery bull era grows.  As the banksters pump the next load of crap at you as a reason to buy before it gets away, less of you will be tempted do so, and in less size.  The reason Indians are the world’s largest gold owners is not because they “are wise and smart, buying it on sale, before it gets away!”  It’s because they respect the asset, and buy it in size at religious event times, not price levels.  As the era progresses, I predict that your mining company directors will begin to get a certain level of pride in what they do that never existed before, and I believe that pride will extend to junior gold stock shareholders, who are on the front lines of finding the world’s most important asset for the customers who craft it into the greatest product in the world.  I believe an monumental “synergy of respect” is coming, between junior gold stock stakeholders and Chindian gold jewellery buyers.  Gold jewellery is the greatest product in the world.  

             

           Kirk on the gold exploration bull era bridge, out

Thanks!

           Cheers

           St

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