March 3, 2014




1.   1{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} of Moscow’s residents are required to file income tax forms.  The personal income tax rate in Russia is 13{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}.  The founding fathers of America drew a very clear link between the tax system and freedom.

2.   How many Americans in New York are required to file income tax forms?  Is it 1{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}?  Is the personal income tax rate in America 13{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}? 

3.   Hmmm,just who all the bad guys in the Ukraine are, may be not quite as clear as Captain America promises you it is.  Like many Gmen, Yanukovych is clearly a major thief who ripped off billions, but it’s pretty unclear what the status of the supposed “liberators” who will replace him is, in that regard.

4.   Let’s save all the people, by hiking taxes and soaking them in bureaucracy?

5.   The US report card in recent years, concerning implementing “democracy and the fight for freedom” in nations like Libya, Egypt, Afghanistan, Iraq, and now Ukraine…well, do you think Andrew Jackson would give America an A grade?

6.   CNBC tried to drag out Warren Buffett endlessly since Ukraine hit the front burner.  They’re trying to turn the Ukraine situation into some kind of Dow buy signal, like they did with the debt ceiling countdown, when they literally called a US Govt default a Dow buy signal, which is idiotic.

7.   If more taper comes, and President Obama boots Russia out of the G8, it’s hard to know what happens to the Dow price-chasers, but I’m glad I’m not one of them.

8.   Regardless, it was a solid day for a number of your junior gold stocks, especially considering the meltdown in the Dow. 

9.   I like the idea of booking profits in gold rather than in dollars.  To see why, please click here now:   http://www.gracelandjuniors.com/images/stories/14mar/2014mar3goldgdxj1.png    

10.                Gold may or may not be set to outperform GDXJ.  The situation in the Ukraine suggests it could happen.  The chart also seems to be “leaning” in that direction.

11.                It would be horrible to be a gold stock investor who booked heavy profits in fiat cash, only to see the Ukraine situation get out of control, and gold blasts through $1360 and charges into $1432 or even $1478, while the investor sat in fiat trying to figure out what his name is.

12.                Please click here now: http://www.gracelandjuniors.com/images/stories/14mar/2014mar3elg1.png  Double-click to enlarge this stunning Elgin chart.

13.                I told you that many individual junior gold would have stunning moves higher, well after GDXJ stalled.  The breakout from the symmetrical triangle I highlighted on this Elgin chart is just such an example, with the stock up a staggering 27{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}....on the day!

14.                Many gold analysts keep saying that seniors are intermediates will outperform juniors in this rally.  I have the exact opposite view. 

15.                I posted a Minco Gold update (it has operations in China) on the site yesterday.  The stock has quadrupled off the December lows.  How many intermediate and senior gold stocks just quadrupled in 3 months?  The average junior stock is up 50{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} in 3 months, and a boatload of them are up 100{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} -200{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} in that time frame.

16.                I also posted an update on GORO tonight, for dividend fans.

17.                As a Canadian, do you see me talk much about the Canadian equivalent of the Dow, or a lot about the Canadian bond market?  The answer is:  NO. 

18.                Just as Canadians had to face reality a long time ago and accept an America-rules world view in the stock and bond world, it’s time for American gold community citizens to understand that Chindian jewellery demand, not US economics, is beginning to rule the gold market, and will soon completely rule it.

19.                The Ukraine situation is like a snack pack, but it’s not “here to stay” like growing Chindian demand is.

20.                Please click here now:   http://www.gracelandjuniors.com/images/stories/14mar/2014mar3aumn1.png  Double-click to enlarge this Golden Minerals chart.  $1.22, created by the summer lows there, is serious sell-side HSR, but the stock is trying to break out of a formation like I showed you on the Elgin and Asanko charts.

21.                As you head out onto the gridlines, with gold holding at $1350, I’m noticing subtle but sizable change in market sentiment, amongst the gurus and investors in the Western gold community.  While YOU are booking limited trading position profits, you’re cheering wildly for higher prices. 

22.                In contrast, most gurus are trying to top call the market here.  That’s dangerous.  I don’t believe many (if any) of them bought anything at all into either touching of $1228.

23.                Bank technicians and some bank econs are beginning to talk about a run towards $1432 if $1361 falls, while the gurus that bought zero into $1228 are playing top caller again.  That’s bullish.

24.                Gridtime!  I wonder if any of the gurus staring at US job reports while they jump up and down on their goldgramsRus scales know that Narendra Modi rallies are drawing crowds bigger than attend the superbowl, and one rally seems to just follow another one.  Chidambaram’s gold mobster era is drawing to a close, and the time of the first assault on the wall of steel at $1523 is one step closer as of today.   Let’s take care of $1361 before celebrating $1524 as a done deal!

Kirk out 





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