JWU DEC 20

Dec 20, 2013

 

1.   Please click here now.  Double-click to enlarge.  That’s the Carpathian daily chart.  PGEN champions sold into 13 cent HSR.  I suggested that 9 cents is buy-side HSR, and an area to start pgen re-buys. 

2.   For another potential blast-off in the making, perhaps you should click here now.  That’s Atna. 

3.   A move above the upper trend line could ignite a violent surge to the 20 cent area, which is roughly a 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} gain from the current price zone. 

4.   No double bottom exists, because the time between the two bottoms in the 10 cent area is too long, but it’s very similar to a double bottom, and with junior stocks, chart rules need to be given some latitude.

5.   If BTC China, the world’s largest bitcoin exchange (they go nose to nose with Mt. Gox), can announce a new payment processor, the banksters will throw a king-daddy sized tantrum and…

6.   Bitcoins could blow back over $1000.  The Baidu and Samsung deals were grandstand events, and attracted a mountain of Chinese gambling crackheads to Sir Bit.

7.   In terms of actual merchant business, it was only one small part of Baidu that was taking bitcoins, and one phone for Samsung.

8.   When they left the bitcoin arena, the Chinese price chasers freaked out.  It was much ado about nothing, but it was like the exit of the QE obsessed gold investors.  Price chasers can move price significantly, into your buy or sell pgen points.

9.   Much more significant bitcoin merchant signups to use Sir Bit have occurred before then, and since then. (Like Clearly Canadian water, and now monster retailer Overstock.com yesterday) The private money victory is a death of a thousand cuts to the bankster bully approach, not a one trick pony. 

10.            It also doesn’t happen like the bankster victories, which are based on thug tactics using Gmen and central bank whipping boys to deliver bully-style beatings to citizens.

11.            Please click here now.  That’s a 6 hour chart of Sir Bit. I sold more into $740 this morning, and it went to $774. 

12.            Sir Bit is up about 70{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} in 48 hours, and has surged $319 per bitcoin.  While you wait for India to come back on line in the gold market (the current account fell dramatically in most recent stats, but I think that’s irrelevant to them coming back online), gaining $300 in your bit account, while gold falls $40 and the rest of goldland stares at their gold stock carcass charts…. Well, let’s just say it helps to boost morale.

13.            The charts in bitcoin behave like charts should behave in the gold market, because the evil banksters aren’t directly involved in bitcoin trading.  So, the charts are “pure”.  The banksters can only engage in various vile macro actions, like cutting off financing, etc, and they do.

14.            There’s still a risk that Sir Bit is caught in a h&s top pattern, with the head being a double top.  While I’m holding more Bit now than ever, I have sold trading positions aggressively into the 70{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} gains in 48 hrs party zone.  If the h&s top plays out rather than getting voided, and Sir Bit tanks into the $200 zone, your pgen big guns must be ready to open fire, on the buy, without you looking and feeling like a chunk of rancid jello dropped into the Sahara.

15.            There’s another crypto currency “Sex Coin” that has appeared, to serve the global pimp industry.  Max Keiser apparently says it’s the next big thing.  Maybe it is, but I’m not investing.  Graceland is a family-oriented show.  I hope Max has a fun ride in his pimpmobile, and I’m sure he’ll look good as he waves to his fans, but I’m not buying any pimp coins, and I won’t be covering them in the newsletter. 

16.            I sent you a Pretium news release yesterday.  Unfortunately, most junior mining companies don’t understand that PRs (press releases) have little effect on most investors if they sent when the market is tanking.

17.            Sangold has done the same thing repeatedly, and so have many other junior companies.  PRs need to be sent when the market is rising, not falling. 

18.            For every 1 investor who reads the release intently and buys on a down day, there are probably 100 who either don’t read it or just feel too demoralized to take action.

19.            I don’t really care about the Indian current account deficit (ICAD) as it relates to gold.  I care about imports, official and unofficial.  Chidambaram is a mobster.  He’s tried to wipe out small Indian gold dealers and jewellers and put the business in the hands of his cronies, but the citizens are sick of his crap. 

20.            He asked for a year of time in August to cut the ICAD, and when the time in that stupid hourglass runs out, the citizen gold buyer class will start importing substantially more gold, regardless of where the ICAD is. 

21.            The ICAD is caused by gross government robbery and a bit by oil imports, not by gold.  The main smuggling problem is the smuggling of taxpayer funds by Indian Gmen, and it’s likely going to come to a very quick demise in 2014.

22.            Chidambaram should be arrested along with Ben Bernanke and both should be made to clean toilets in soup kitchens for the next 10 years.   It Chidambaram’s case, an arrest really could happen.

23.            Please click here now.  That’s the daily Pretium chart.  Despite the rise into trading pgen sell-side HSR, it looks like the indicators are suggesting a fresh momentum-style move higher could occur.

24.            Pretium (PVG-nyse and PVG-tsx) is a a big project, and they have Bob Quartermain as president and CEO.  GoldLion owns a lot of stock.  Quartermain was president of Silver Standard for 25 years.  I like big ounce projects, because as Chindian demand overwhelms mine supply, Chindians will pay up to ensure the gold is sold to them rather than to other users.  The Brucejack project has about 8 million ounces in the INDICATED category, and the Snowfield has about 20 million in the indicated category as well.  Both projects are 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} owned by PVG, and both are in my home province of British Columbia.  Maybe Bob Quartermain should be renamed Bob your Golden Quarterback?

 

Gridtime!  If YOU have a big ounce play that you think should be covered on the juniors site, please let me know, and I’ll run it by Goldlion, and if he Oks it, I’ll run it into one of the portfolios, and into the PGEN.   

Junior Kirk Out

Thanks!

           Cheers

           St

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