JWU. MARCH 17

March 15-17, 2014

      

JWU LESSONS OF $1228 UPDATE

 

1.   “A Gold Roundtable Discussion With Ross Hansen, John Kaiser and Jeffrey Christian”

2.   Translation:  Let’s have a contest to see how many Western “gold analysts” (aka parabola fantasizers) can pretend to analyse gold. 

3.   If you want an answer as to why 99.999999{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} of Western gold guru morons can’t analyse their way out a wet paper bag in the gold market, it’s because they are 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} clueless about India.

4.   You might like Jim Rogers.  Or, you might feel he’s a dark bankster wearing a phoney cowboy suit.  Regardless, his statement, “Gold had a correction because of the India situation” is all you need to know about the move from $1523 to $1228.

5.   The bottom line:  If the Indian mafia had not imported gold heavily over the past 12 weeks, all the bullcrap safehaven stories told now by Western gold guru clowns would not exist. 

6.   They’d be changing their diapers while screaming for mommy, at $1033, and maybe even be on the road to $887.  That’s real gold real tonnage reality. 

7.   Eric Sprott has apparently argued that demand out of China is higher than global supply.  I don’t agree with that because if it was, price would be higher than it is, but I think his scenario is definitely coming. 

8.   He’s focused on China (correctly) as a key gold price driver because he’s focused on supply and demand.  Eric owns the world’s oldest gold coin and what was once the world’s largest gold coin (100 kilos).   I’ve predicted that he could become a trillionaire in the gold bull era, if he keeps his focus on gold stocks, which I think he will.

9.   There is some short term good news on the Western demand side of the world, as the SPDR (gld-nyse) holdings rose to 816 tons as of this week.   I’m not a fan of gold that rises in price based on “here today but gone tomorrow” Western ETF price-chasing, but if that demand is inflation/taper oriented, rather than crimea-oriented, it could be solid rather than finicky.

10.    To repeat, you could print endless amounts of fiat in all nations, but if that fiat isn’t used to bid for more gold than is sold into the market, price will not rise.  It will fall.

11.    When gold has severe declines, some of you write me emails about further potential pain.  I make a judgement call about your emotional state.  If your emotional state is overly weak, or just new to this game, in a key-side HSR zone, it may be better for you to buy only a tiny bit, or none at, because if price declines further, it could cause you to sell in size at huge losses.

12.    As you get stronger over time, you’ll find yourself more capable of buying the zones where it is most difficult to buy.  Becoming a gold market hero is a process that takes time.  It’s an emotional evolution not to be taken lightly.

13.    More gold gurus who bought absolutely nothing into $1228 are stepping forwards to tell you gold is now a roaring buy.  Be careful about that…  Wealth isn’t built in the “I feel great about gold!” zone. 

14.    The I feel great zone is where profits are booked, and the feeling that exists now is definitely noticed by the trillionaire bankster chimps, who can take gold $100 lower at any hour of any day they want to.

15.    Please click here now: http://www.gracelandjuniors.com/images/stories/14mar/2014mar15sgr1.PNG  As Sangold plunged into the $1228 buy zone of champions, sporting a nine cent a share handle, those of you running pgens to zero (and vomit bags to infinity) got fills there that are up 200{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} in a couple of months.

16.    I noted the 19 cent HSR zone as your re-buy point of pgen action, and Sangold descended into that with a steep drifting rectangle that is flag-like. 

17.    It’s critical to understand that in the current environment, even if the gold stock ETFs turn down, many of your individual juniors will continue to move higher, potentially for many weeks.

18.      Please click here now: http://www.gracelandjuniors.com/images/stories/14mar/2014mar15gldx1.PNG  The gold explorers weekly chart Stochastics indicator is highlighter here (14,3,3 series).

19.    The point here is that a “crossover” signal is not necessarily a buy or sell signal.

20.    In markets, there are only two things that actually work to build wealth, which is HSR (horizontal support and resistance) and the PGEN, both of which are used the banksters maniacally in their market operations.

21.    Oscillators can become oversold or overbought, flash crossover signals, only to star oversold or overbought for weeks, months, or even years.

22.    Note the crossover signals that occurred in September 2012 and August 2013.  The current sell signal action could be like that, but it could also be like the action from November 2012 all the way to July 2013; the oscillator could just flat line in the overbought zone while price continues relentlessly higher.

23.    Please click here now: http://www.gracelandjuniors.com/images/stories/14mar/2014mar17aau1.PNG  That’s Almaden. The move from $1.00 to almost $2 has seen Almaden retrace about 50{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} of that move.  The $1.65 area is gambler-buy HSR, and the $1.31 area is the next HSR in play on the buy-side.  Unfortunately, it’s in the vomit bag zone.  If it happens: C’est La Juniors Marine Vie.  I’m a huge believer in junior gold stocks for the gold bull era, but it’s still up in the air as to whether Indian mafia demand is sufficient to hold gold above $1180.  Chindian demand will only grow and grow as the years go by, but you’re still living at the “starting gate” of the gold bull era, so you need to be open to all price possibilities in the intermediate time frame.  Volume supports the bulls.

24.    Gridtime!  Please click here now: http://www.gracelandjuniors.com/images/stories/14mar/2014mar17pvg1.PNG  That’s monster play Pretium (PVG-nyse). $7.15 is for ultra-gamblers to buy, and $6.59 and $6.19 is for everyone else, in the short/intermediate term.  I can’t overstate the importance of why you feel how you feel now.  The $1228 buy-side HSR was the buy-side zone of champions, and all of you took action, be it the huge buy-side pgen to zero action that some of you detailed to me in stocks that were “surely” going off the board, or just forcing yourself to book only tiny losses at a point where you previously would have sold almost everything and gone heavily short.  The juniors have super-soared from the $1228 buy zone of champions.  Remember that performance, and take the same type of action, but with more tenacity and less pain, at the next decline into a key buy zone of wealth building champions.

Kirk on the gold era bridge, with junior stocks sitting in the captain’s chair, out!

 

Thanks!

           Cheers

           St

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