JWU AUG 23

    Aug 23, 2013

 

1.   I’ve posted a number of videos on the juniors site today, and the bottom line is that GDXJ & SIL were the top dogs on the precious metals block. 

2.   Again.

3.   Junior stocks are ruling the metals roost.  GDXJ soared 5{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} on the day, and SIL soared 6{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}.

4.   Emotions run higher in gold.  Why?  Answer:  Because gold can go parabolic like no other traded item, if a nation goes badly awry.

5.   So, when you are harvesting profits, and price keeps rising, the risk is not just that it “gets away”, but that it goes vertical, or even goes to infinity.

6.   That doesn’t happen often, but it does happen, as every fiat currency that ever existed has proven.

7.   The role of core positions in gold & gold stock is all-critical.  They manage your risk of a parabola occurring.  You’re always in for the ride, rather than out and trying to maximize what you make out of the parabola.

8.   You’re told now, that various “maximizers/gurus” have called various tops and bottoms in this gold bull market (now a bull era), and if you just follow these maximizers now, giant honey pots in the celestial sky await you.

9.   First, I don’t believe the maximizers called anything in the way they claim they have, and second, those who have tried to follow the maximizers can attest to a different reality, in terms of their portfolios.

10.              If you shoot all the bullets in your gun in a war, do youy stand up as a target, sure that you killed all the enemy, and declare you’ve won the war?  No.

11.              Well, if you sell all your trading positions “too quickly”, do you then start selling core positions because “surely the top is in”?  No.  Never do that.  That’s a Graceland rule and the punishment for violation is the financial death penalty.

12.              Having said that, most of you have probably forgotten the nature of emotion in the market.  Bullish emotion.  Just as 95{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} of the gold community & the supposed gold bull maximizers (aka the 3 amoebos) bought absolutely nothing over the past YEAR, as GDXJ and individual junior gold stocks thundered down relentlessly…..as price soars higher, you now are watching a community that is racing to ERASE that memory, and replace it with one of guaranteed higher prices.

13.              It’s vastly too early to claim that kind of ultra-bull nonsense, particularly if YOU are an AMOEBA that bought ZERO into the lows.  One of the maximizers apparently put out a lawn chair, and claimed he was in it because he knew the low was in, just 2 days before the biggest crash in the gold market in the past 90 years, in April.

14.              Worse, this certified amoebo still apparently claims that…. HE CALLED THE LOW!!!!!!!!!!!!!!!!!

15.              The banksters called the top, because they made the top.  They invented it, and then they created it.  The banksters will call the bottom too, because they will make it.  Are they making it now?  Maybe yes.  Maybe no.  We’re entering tapering season, stk mkt crash season, and I estimate that no more than 10{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} of the gold community is booking any profits at all into this rally, because they bought nothing into the decline, and probably 70{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} of them are buying from the banksters now, while bragging about all-high prices.

16.              Does any price chasing moron have a clue what kind of percentage returns the banksters, and hopefully you, are making on gold stock bought into the tick lows of this decline, while the wiener ranch surges in now, to analyze and buy?

17.              Answer: NO.  The great news, for team wiener ranch, is that rather than being down 95{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} on their “core” positions, they are now down only 89{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}.  Let’s give them a standing ovation now.

18.              If you ask anyone in the gold community today what the odds are of breaking the $1180 lows, I think you’ll find that 99{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} of the community knows that can’t happen, and 99{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} also know we’re going straight to $5000 now.

19.              In contrast, I think the odds of $1180 failing in 2014 are probably 50-50.  The odds of me harvesting real trading profits into this rally, on real buys done into the real lows, are: 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}.

20.              The odds of me selling real inner core positions in gold or silver bullion to call some intermediate trend top like $1900 into this rally, and into this super-crisis and gold bull era, are: zero. 

21.              If YOU want to chase price, and then express an urgent desire to sell intermediate tops with your inner core positions, to save yourself from your own terror as price supposedly “tanks”, the banksters, and I, will cheer you on, while we roll on the floor laughing.

22.              You don’t need to be a top caller like the 3 amoebos if you buy weakness, deep in your personal surprize zone.  The amoebos buy predictions.  Their predictions.  I buy my personal surprise zone.  That’s why I get fills at the tick lows of every major decline and they get no fills, but Pinocchio-sized noses.  The great news is that I’ll buy them all lawn chairs to sit in, to boast about their next predicted tick low in time and price, while I buy the next real low in price, with my head, and yours, stuck in a vomit bag, and who cares about… time.

23.              Some of YOU make profits from following me that are “out there”.  You rarely write in, but you run gargantuan factories, have IQs higher than mine, and apply all I do on a scale that is almost super-human. 

24.              Name a major asset that I’ve failed to own at or ultra-close to the tick lows.  There are none, including my chosen junior gold stocks of rock and roll play.  Natural gas today looks like GDXJ did at $35.  Corn looks like it’s going off the board.  Sugar looks like a rotten lemon.  I own them all into the current lows, and nobody else in the gold community can even mention the words “sugar”, “corn”, or “natural gas”, let alone buy them into the tick lows.  In contrast, GDXJ and junior gold stock profits are being harvested now, by me, and by the banksters, and September is the greatest gold stocks harvesting month of all.  Those who thumb their nose at the harvesters will meet the grim reaper after the harvest is done.

 

Gridtime!  As the junior gold stock combine harvesters move out onto the grid next week, my strongest suggestion continues to be to book profits in gold currency.  Why?  Well, first, when the banksters finally decide to bomb the market, gold is likely to outperform gold stocks.  Second, gold keeps you in the game.  And third, as I tried to tell you a long time ago,

 

Gold is… the currency of champions.

 

Thanks!

           Cheers

           St

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