JWU MAY 21

May 21, 2014

     JWU CRACKHEAD ON A BROOM UPDATE

1.   The FOMC minutes are out.  Janet was quiet as a mouse. 

2.   The algo traders pushed gold down to the demand line of the symmetrical triangle, but not below it.  A few longs bailed there, and a few shorts bailed when it moved back to $1292.

3.   I felt like throwing up listening to the minutes, as you were told that the labour market is still weak (duh), but rates could be raised soon, to rein in inflation from the coming US superboom.

4.   The problem, of course:  There is no superboom.  There’s a rotary phone named the Fed, and today was another day, in a long line of days you’ve seen in 2014, where things that would usually have been followed by a $30 - $70 gold hit, were followed by a $3 - $7 gold hit. 

5.   While only a moron thinks the Western gold community is anything but 70{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} WASP, I’ll say this: sucking up fact that the Indian brown guy (or gal in Shilpa’s case) has the Western gold community’s gold mining stock back… is only about 10,000 times easier than sucking up 70-99{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} bankster-created drawdowns, and you can take that to the refinery, not the bank!

6.   In time, the average reports-day comex game will be will be a $1 hit, and you’ll almost care.  The Gman doesn’t have your back, and nor do the banksters. 

7.   Modi has put a major dent in the bankster plan for a one world government, and the banksters can’t kill him, because there are literally dozens of party members more conservative than he is, lined up to take his place.  

8.   Modi wants the West to be as nationalistic as he is, about their nations, but does anyone in the gold community really understand?

9.   A big theme that I’m pushing for the 2nd half of 2014 (as vociferously as I pushed “taper is gold-bullish and Dow wet-noodlish” in Dec 2013) is this:

10.            To get the envisioned superboom of 3{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} - 4{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} consistent GDP growth for a few quarters, the Fed needs consumers to spend.

11.            The minor problem, of course, is that the banksters destroyed the wealth of the consumer class, and took it for themselves, via OTC derivative payments.

12.            Remember when the QE program began after the banksters destroyed Lehman, and all the money managers and gold gurus thought it would create massive inflation, so they rushed to buy gold?

13.            What the banksters did, was hoard all the QE-created dollars they got.  To get consumers to spend, to create 3-4{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} GDP growth, I think the banksters plan to start lend out their QE booty.

14.            As that creates higher GDP, they’ll again securitize new loans, and sell them to various targeted marks, while guaranteeing them to some degree.

15.            The early bird risk on the GDP growth game will be taken by the banksters (since it will only be a small portion of their QE booty, it really is not a risk of size), but further GDP growth will be created from loans made by other entities.

16.            In a nutshell, the QE booty is probably on cusp of being loaned out, and creating inflation.

17.            Please click here now: http://www.gracelandjuniors.com/images/stories/14may/2014may21gdxj1.PNG   Hi ho, hi ho, it’s off to break out upside, from 3 fan lines, your junior gold stocks, today did go!

18.            The central bank of India allowed more non-bank gold dealers today, to act as importers. 

19.            How generous that is, of the central bank maggots, to “allow” Indians to engage in celebration of their marriage and religion.  The minor problem is that the new importers are still subject to the 80-20 import/export rule, which is a mafia scam.

20.            Regardless, the Indian central bank maggots know Modi the exterminator is coming to town soon, and they are working to prevent the arrests of their bankster scum brethren, by opening things up a bit, asap.

21.            In just the past 15 hrs or so since I’m been working since 2am, already more anti-mafia, anti-Fed, and anti-gold actions are occurring.  Think about what actually happened today:

22.            Most of it is gold-positive.

23.           Gridtime!  Trader Dan Norcini is starting to follow the action in India.  He doesn’t understand that until the 80-20 rule that is the mafia’s main gold market control mechanism is eliminated, there’s not much Indian dealers can do on the bid side, to demand the amount of gold from your mines that is needed to push the POYG (price of your gold) higher.  Dan is just coming to grips with what India is, and what the show is all about there.  Give him time.  He’s going to score.

Kirk, on the gold explorer’s bridge, out!

Thanks!

           Cheers

           St

 

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