Apr 4, 2014




1.   Remember when Taper Talk started?  I do.  Remember when CNBC told you the taper was going to be ultra-bearish for gold, and ultra-bullish for the Dow?  I do.

2.   Remember when I told you that the taper was real, it was coming, and unknown to all the gold community, it was going to be gold-bullish and turn the Dow into a giant wet noodle?

3.   I focused you on OTC derivatives in 2008, because that was the main gold price driver then.

4.   The main drivers now are Chinese imports, American M1V & M2V, Shinzo Abe, and most important of all, the Indian election.

5.   The taper is now into its fourth month, and the Dow has gone nowhere.  Only a lunatic thinks the Dow can perform during the taper like it did under full QE.

6.   The value players are all net sellers of the Dow.  Remember when I told you the Indian dealers were backing off at $1330- $1390, so you needed to look down, not up, because only the crackhead hedge funds were left to pimp your gold price ride?

7.   Well, in the Dow, it’s a very similar situation now, in a more serious way.  With no value players in the game, all the Dow bull crackhead class has on their side is the remnants of QE, levered hedge funds, and a few retail Fudds that actually have capital to invest. 

8.   That’s the fuel of the market, and “Sell in May or Get Blown Away” season is 3 weeks away. 

9.   There’s really only momentum players in the Dow now, but that doesn’t mean the super-crisis is about to reassert itself, any more than the temporary withdrawal of Indian monster bids meant gold was going to zero.

10.           It means the Dow is a fundamentally weak entity now, in the intermediate term.

11.           Most of the gold community is looking at the tanking Dow and wondering if that means their gold stocks are going to tank.  Tank to where?  If a stock falls 90{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}, should an investor try to avoid another 5{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} fall?  No.  That’s imbecilic.

12.           Why is gold up $20 while the Dow tanks?

13.           How did you get through jobs report day?  For the answer, please click here now: http://www.orville.ca/

14.           You got through jobs report day just fine, and now it’s time prepare to hit the main gold demand stage, and focus on the daily action of the Indian election, as it relates to your gold stocks.

15.           I’ve told you only about 850,000 times to buy a few put options on the Dow each quarter, to kill your urge to maniacally short it.  Those of did that to kick off this quarter are in party mode today, rather than trying to figure out, “why is the dow tanking, maybe it’s going to zero!”

16.           As gold came into $1280 on Tuesday this week, I declared an emotional low.  Nobody on the main tonnage stages of China and India care about some gold community crackhead’s stupid Dow-to-zero theories that appear like an ebola virus, on every 100 point down Dow day.

17.           Watch Japanese inflation numbers. 

18.           Watch to see if the mafia tries to blow Modi’s head off.

19.           Watch for the March imports into China.  

20.           Keep checking M1V and M2V.  Gold could go berserk on the upside if M1V AND M2V turn up while the Dow is slipping.

21.           As gold arrived at $1308 this morning, I posted a video on the GU site about that being Fib resistance that bank technicians are focused on in a minor way.

22.           Gold has paused there.  That’s not a fix or a manipulation.  It’s normal.

23.           You’re in the unpredictable zone, but also in the big time value zone for gold, and the junior stocks you have leveraged against the mightiest of metals.  You’ve got six weeks prison time to do here.  Let’s cheer for some positive surprises, while this goes on.

24.           Gridtime!  The Chinese Dow is barely down at all today, while the American Dow looks like a waterlogged noodle.  Guess which Dow I’m a buyer of, and which one makes me laugh?  A very interesting question indeed…. Congratulations to John Kerry and the American crew for helping raise Ukraine gas prices by 80{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}, and put the Ukranian citizens in massive debt to the IMF super scum.  Your jobs report tour is over, and now it’s time to head back home, to Muscle Beach, India and Muscle Beach, China.  I’ll see you and your gold stocks on the main gold demand stage, there!


Kirk, on the bridge, because it’s an era, out!





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