Feb 27, 2014


1.   Please click here now: http://www.gracelandjuniors.com/images/stories/14feb/2014feb27ctf1.PNG  CTF Jewellery of China is now ranked at about number 700 in the world, in terms of corporate profits of all companies of all types.

2.   It blasted higher again last night.  Hi ho hi ho, it’s off to jump into my cash register, and to demand much more gold from your mines, CTF now does go!

3.   Please click here now: http://www.gracelandjuniors.com/images/stories/14feb/2014feb27gdxj1.png  Double-click to enlarge this daily GDXJ chart. 

4.   When oscillators give sell signals, as they are here, price generally declines, or it consolidates.  It doesn’t usually blast higher, although that’s possible.

5.   Volume is critically important.  It’s not very high.  That suggests price is not likely to decline too much.

6.   Watch your individual gold stocks closely at this point in time.  Even if GDXJ gets hit, some of them will blast higher. 

7.   You could miss key sell points (cash register ring points) if you are asleep at the wheel.

8.   Please click here now:    http://www.gracelandjuniors.com/images/stories/14feb/2014feb27gdxj2.PNG    This is another look at the GDXJ daily chart, using Fibonacci lines.  Only gamblers should rebuy positions around the upper retracement lines.

9.   If you feel no pain, you really shouldn’t be a buyer, and certainly not a buyer of size.  I like the 50{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} retracement line, but aggressive trend followers could buy near $38.22

10.                The $37 area is my preferred point of entry now.

11.                Indians don’t want to buy CP Chidambaram’s smuggled gold and pay him a $300 an ounce in protection racket fees and taxes, like they are paying him now for only a limited portion of the gold they desperately need to satisfy relentlessly-growing Indian citizen demand.

12.                In GU, you took a moment to salute Haresh Soni, leader of 18,000 enraged gold jewellers, who want all the gold your mining companies can find. 

13.                Likewise, let’s now take a “yellowcakes moment” to salute Shinzo Abe, and his “Basic Energy Plan” to restart almost 50 of Japan’s currently mothballed nuke plants.

14.                On that note, please click here now:   http://www.gracelandjuniors.com/images/stories/14feb/2014feb27uwe1.png  Double-click to enlarge this daily U308 chart. 

15.                Price just soared about 50{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}, in just two days!  While technical analysis of junior stocks can be a crapshoot, I really don’t see Shinzo Abe as a mobster like Chidambaram is, willing to keep all the nuke plants closed, so he can ramp up oil imports and blame the resulting current account deficit on gold, and then organize a gold smuggling ring, to enrich himself.  That’s the last type of thing I see Shinzo Abe engaging in.  He’s a money printer, not a mobster.

16.                U308 is showing momentum-style buy signals, and while you can book trading signals almost across the board in junior yellowcake stocks here, prepare for much higher prices, from a fundamental perspective.

17.                It’s quiet as a mouse in goldland.  Investors are wondering if there’s going to be scary pullback, and if gold will ever make new highs.  

18.                The question isn’t whether gold is going to new highs, and taking your gold stocks with it, in a demand-based party.  The question is how many thousands of dollars above $1923 is gold going to, before the Chindian gold bull era hands the gold price driver baton back to the super-crisis runner.

19.                I think the super-crisis will begin to reassert itself in the gold $2800 area, because that’s the rough target of a breakout above $1923, and because I think 18 months from now, Shinzo Abe is going to have a serious inflationary problem on his hands.

20.                Goldlion is creating a new portfolio called the juniors “Maximum Risk Portfolio”.  It will have stocks that are as described: maximum risk.  One of them jumped 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} yesterday.  I’ll post the first couple of stocks in it tonight.

21.                Gridtime!  What a perfect day in the gold market.  Gold had no follow through to yesterday’s attack, yet most investors are too terrified to buy.  It’s just sitting there, working off the overbought condition, and keeping the “line of ascent” for bullion in a Goldilocks “just right” trend… Uranium is battling back.  Will it be new highs?  Let’s be sure you are ready all scenarios, and I’ll post my tactical approach to the yellowcake situation on the site shortly.  Thanks!

Kirk out






This entry was posted in JMU. Bookmark the permalink.
Translate »