JWU JAN 17-18

Juniors Written Update JWU.

(Pronounced “Jaywoo”)

 

     Jan 17-18, 2015

     JWU EURO QE IS GOLD-BULLISH UPDATE

  1. It’s one step at a time, up the price grid ladder, for most of your junior stocks. While the Swiss bank has opened to door to the activation of Captain Ewave’s dramatic Cwave, to $1900 and higher for gold, and the oil price disintegration could drastically lower mining costs, my suggestion is to stay focus on the biggest picture.
  2. That big picture involves two things. First, there is the unsustainability of the growth of government. As the government grows bigger, the Fed takes more drastic action. Both these roads ultimately lead to higher gold prices, because of the unsustainability of both processes.
  3. Second, there is the Chindian gold jewellery bull era, which brings not just higher gold prices, but stable gold prices.
  4. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan17trx1.png Double-click to enlarge.
  5. Like many junior metals stocks, TRX almost went bankrupt in 2014. In a recent report, its auditors noted $70 million in accumulated burnt cash, versus cash in the bank of about $1 million. Then a not-so-friendly to shareholders debenture deal for $10 million was announced, staving off the collapse of the company.
  6. Some of you view Jim Sinclair as “Big Jim, the hero of the gold community”. Others view him as “Bankster Jim, wealth transfer master rat”. Perhaps the truth is in the middle, as it usually is, and he wears both hats at the same time, legitimately. Regardless, the bottom line is this: TRX is climbing the price grid ladder alongside the other juniors, and the next sell-side stops are at 68 cents and 98 cents.
  7. From the 52 cent “it’s all over, we’re all going to die!” lows, a move to 68 cents is a 30{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} gain, and a move to 98 cents is basically a 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} gain.
  8. I’ll state repeatedly and emphatically that the number of junior golds that have gone bankrupt is shockingly small, given the intensity of the decade-long naked shorting scam, culminating with the titanic shock and awe April 2013 attack by the Indian mafia.
  9. Gold stocks looked like a huge herd of barrels pouring over Niagara Falls during that attack. The fact that there were any survivors at all, let alone most of them, is almost a miracle.
  10. TRX is trying to burst up from a sizable bull wedge pattern, and the events in Switzerland make it likely that the attempt will be successful.
  11. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan17bit1.png One of you mentioned awhile back, when bitcoin was red hot at $1000 a coin that you were employing my pgen to zero on it, as I was.
  12. After it first melted down and staged a number of mega-rallies, you wrote in that the pgen to zero was creating massive profits, despite the meltdown.
  13. It does appear that the banksters have found a way to attack bitcoin, much as they’ve consistently attacked gold on a daily basis for decades, on the crimex exchange in New York.
  14. Having said that, bitcoin has rallied 50{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} from the $152 “it’s all over” lows, in just days. I’m a buyer every $25 down. While bitcoin could go to zero, it can’t be diluted like junior stocks can, so I consider it critically important, at least for me, to be a buyer between $300 and zero.
  15. If you go to company websites like Dell Computers, you’ll see bitcoin there as a standard payment mechanism, with no drama.
  16. Bitcoin, as a business, as an entity, and as money, has expanded greatly, but the bankster attack on price has made it appear that it is floundering, when the opposite is true; it’s expanding in use, and substantially so.
  17. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan17bit2.png Despite the closure of huge bitcoin exchanges, overall trading volume rose 50{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} in 2014 versus 2013, to about $23 billion.
  18. Gold, of course, trading much more than that, every day. I’ve told you that bitcoin has similarities to gold, but it should not be compared to gold as a competitor to gold.
  19. Bitcoin is something that central banks deserve to hold as an asset, and gold is something the citizens of the world should hold as the ultimate asset.
  20. I think the price of bitcoin will rise to $10,000 an ounce, but only if the use of bitcoin as money overwhelms the scams run by the banksters on the trading exchanges.
  21. Just as the gold jewellery buying by Chindian citizens is turning the bankster crimex scams into a rotary phone, I think the growing use of bitcoin will ultimately overwhelm the banksters in that asset as well. I treat bitcoin as a decent junior gold stock, and nothing more, and nothing less.
  22. Zero Hedge posted an article that one of you didn’t understand and asked me to comment on. Essentially, the author argues that assets take the form of a pyramid, with gold at the top. As the unsustainability of govt size becomes more of a force, liquidity moves up the pyramid, and the reason for the dollar (and the franc) rallying hard is not about US growth, but about a continuing move up the risk-off pyramid. That’s why gold is rising as the dollar rises, and in time the flows will concentrate on gold rather than on the dollar and the franc.
  23. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/01/2015jan17j1.png That’s the GDXJ daily chart. My suggestion is to be a micro-seller at $29.64 (we’re there now), $30.17, $31.05, $33.97, 36.49, and $39.32
  24. Report Card Day! Cheer for the Swiss to power the Captain’s C wave to gold $1900, but don’t view it as an ordained event. You invested in gold to profit from the Western crisis. That failed, but just when it looked like you were finished, the citizens of Chindia arrived and ushered in a gold bull era for you, separate from the super-crisis. You got lucky then, and you just got lucky again, as Switzerland has become rocket fuel for the risk-off movement. Gold land has concentrated on the euro-USD rate, and while massive European QE could see the USD appreciate against the euro, it could see the franc appreciate against the dollar! Jan 22 is euro “D” day (decision day for QE). My suggestion is to stay tuned to your gold and franc price screens, as that happens! Enjoy the week-end. See you Monday morning, on the grid lines!

 

Kirk Jr. on the gold explorers bridge, out!

Thanks!

           Cheers

           St

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