JWU JUL 17

Jul 17, 2013

 

1.     Rob McEwen: "We Seem To Be Near The Bottom Of This Correction"

2.     Jim Sinclair: “Rob, it has already happened.”  - Jim Sinclair, July 17, 2013.

3.     With all due respect to “Big Jim”, I have to agree with Rob’s big picture statement as the best one.  One of Jim’s readers somehow managed to post a picture of a moron sitting in a lawn chair, on his site, days before the greatest gold crash of the century, bragging that he was in the chair, because the low was in.

4.     Worse, this moron actually posted a statement after the crash, hilariously, stating that he had called the bottom, and that he was available for “private consultation” (arrest by the securities commission, for unlicensed financial advice, is how most brokers would view this statement, of the moron).

5.    No investor in the gold community cares if a “private consultant” breaks the law.  They care about HOW the law is broken.  Bragging that lows are in, for 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} sure, from a lawnchair, is how to enrage investors, when it all goes up in flames. 

6.    The flames are real.  And the IQ of zero, of the moron, should be defined as equally real.

7.    Having said that, Jim has given far more to the gold community, than anyone else in the history of the (Western) gold community, and whether the bottom is in, or is nearly in, should not matter, to any professional wealth builder (YOU).

8.    Maybe, in Jim’s eyes, the gold community needs to be told that the low is in before they buy even 1 cent of stock, let alone a decent amount.  Most are short, broken, out, or all 3, so even if Jim is 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} wrong on this call, I’ll have to laugh my head off, if all the price chasers burn.

9.    Why has Jim given more than anyone else to the (Western)gold community?  Possible, and likely answer: he owns a home in INDIA?

10.                 I personally didn’t buy any more of the McQMeister’s stock today, but the entities that are 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} controlled and owned by me, did.  Interesting.

11.                McQ is rocking and rolling with a debt free operation, and just stunned one of you, the Texas Tornado, with a stunning & maverick solution to a 180 million dollar problem.

12.                McQ’s statement that upside reward, in gold stocks, including his, outweighs downside risk, from a business owner’s perspective, needs to be considered very seriously, perhaps by YOU. 

13.                While McQ is perhaps less vocal than I am about the no growth with maximum idiocy theme surrounding those who move gold stocks liquidity to gold bullion, I’ll ask you to look at what he says, very carefully, word by word, if you can find it.

14.                If you can’t find it, all you need to know about the McQMeister is that he works for zero salary, and has invested $100 million of his own risk capital in the company.

15.                I have only one criticism to offer gold super bear and super chartist Rambo: Pick on somebody who is a taker, not a giver.  Leave McQ’s company alone, or work for free at your newsletter, like McQ does, at his company. 

16.                McQ is 200,000 times the man that Rambo is, and Rambo is a man far bigger than almost any of you, other than my father, will ever know, let alone feel. 

17.                Nobody of size in the gold community will ever care how low Rambo predicts MUX will go, with his bankster-painted charts. 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} of them, will salute him for life, when he starts, today, not tomorrow, telling them where to buy it.  The MUX glove of chivalry has been dropped.  Let’s see if Rambo can pick it up, and raise it high!

18.                It’s a super-crisis, and GDX held the $25 area support, after getting its skin peeled, like a white boy’s by the desert sun, today, at $26 HSR.

19.                I shorted in that area, both for myself and funds I manage, and in micro size.

20.                Shorting, here, is a fantastic move, a move of brilliance, and my stokeillator salutes those who do. 

21.                Shorting, in SIZE, here, is the action of the world’s stupidest moron.  Let’s all bow our heads now, and hope that moron is not… YOU.

22.                Today, we raise our glasses high, and celebrate the growing list of bank chief economists who state that the low is “either in or nearly in”, and welcome the McQMeister to that group.  In earnest.

23.                At the same time, we know that Jim, the ultimate gold games master, has stated that the gold stocks low is already in, because gold stocks, not gold, is what Rob appears to be talking about.

24.                While I have to state that “the low is in, or nearly in”, is the best statement about gold stocks that can be made today, and Rob’s business moves with MUX over the past quarter must go down as the greatest gold stock business moves since those of Paul Penna with Dumagami, the accuracy of Jim’s “low is in” statement should not be dismissed too carelessly.

 

Gridtime!  We move out, onto the gridlines, and onto day 2 of Ben’s “testimony”. (“I hereby testify that my bankster masters will book more profits, based on what I say”. – Ben?). Day 1 favoured the bears.  Will day 2 be the same?  Regardless, my stokeillator continues to favour ultra-light shorting and selling.  It does not favour “blow it all out now, and get it back cheaper, guaranteed!”.  You cheered for gold $1300+.  It didn’t happen.  Tomorrow, you cheer for a 2nd upside attack on GDX $26, and an accompanying attack on $41.60 by GDXJ.  Warriors cheer for victory.  Losers cheer for analysis, and the only question should be, which… are YOU!?!

 

Thanks!

           Cheers

           St

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