JWU SEP 20-21

Sep 20, 2013


1.   It didn’t take long for the banksters to finish disposing of the gold bears, and turn their attention, and their attack dogs, back on the bulls.

2.   To view the most widely followed gold ETF through the eyes of the bears, please click here now.  That’s GLD-n, and there’s a nasty h&s top pattern in play.

3.   GoldLion notes that the HUI/GDX has been a near-perfect leading indicator for gold for the past 2 years, and arguably much longer than that.

4.   The action of HUI today was disappointing, to put it mildly.

5.   St. Louis Fed president Jim “I’m a dove, I promise!” Bullard came out and pumped the market with October taper talk, and with the Chinese buyers out of the picture, it didn’t take much more than that to begin the massive bankster beating of the bulls.

6.   Bullard came out later and said he personally would not vote for any taper until inflation picked up, but the market didn’t care, and nor, likely, did he, and the rout continued all day long.

7.   This is the 2nd time that Bankster Bullard has waded into the media and made statements that “accidentally” set off a pounding of gold, and I have to wonder if the bags under his eyes and the bizarre habit he has of making these statements are a coincidence.  Does a man with a conscience who commits a crime get a lot of sleep?  That’s an interesting question.

8.   ‘ “While I expect inflation to rise during the coming quarters, I want to see evidence of such an increase before endorsing less accommodative policy action by the FOMC," James Bullard, president of the St. Louis Federal Reserve, said.  Bullard said earlier on Friday in an interview with Bloomberg television that the Fed's policy-setting Federal Open Market Committee could still scale back its massive bond-buying campaign at its next meeting, in late October, if the data was strong enough.’ – Reuters News, Sep 20, 2013.

9.   There were also rumours that one or more long-commodity hedge funds were closing down, and all their positions were being mass-liquidated.

10.              Please click here now.  That’s the TRX daily chart.  While there’s a massive h&s bottom in play, with a target of about $6.15, there’s also a gargantuan volume bar that appeared today. 

11.              I’m not sure if TRX was removed from an index like GDX, but I am sure that somebody had to buy every share that was sold by the sellers who created that epic volume bar.  Who bought all that stock on what is arguably the “worst emotional day of the year” for gold stocks?

12.              On the negative side of things, a breakdown of that h&s bottom through the $2.14 lows would be a horrific technical event, and opens the door to a potential complete collapse in the stock price.  The technical target, on a breakdown, is about 15 cents a share.  Let’s hope you don’t have to learn the hard way, what a TRX pgen to zero really means.

13.              43{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} of Americans apparently want congress to hold the debt limit where it is now, regardless of the consequences.  Warren Buffett says that’s a dumb idea.  Maybe Warren should pony up whatever is needed for the new ceiling.  I think that’s a great idea for Warren, who is a certified gold hater and Gman debt lover.

14.              The growth of demand in Chindia is going to supersede the Western debt super-crisis, as the prime driver of the demand for gold, but what about supply?

15.              Please click here now.  Jim Lowry’s superb article for SNL sums up the supply-side issues.  More and more money is being spent to find… less and less gold.

16.              The emancipation of the Asian bankster is what is happening in Chindia, not the pipe-dreamed emancipation of the fizz over paper.  The games are mainly on the downside, because prices fall faster on fear than they rise on greed. 

17.              That’s the simple reason the banksters focus the bulk of their games on the downside.  It’s not that they are desperate, or that they hate gold. 

18.              The simple fact is that most bankster market games, in any market, involve market crashes and downside “hits”, because somebody who bought irrationally in a state of greed will sell even more irrationally in a state of fear.  Downside hits are more profitable than upside short covering rallies.  There’s more money involved, more players involved, so the wealth transfer is bigger.

19.              With only 3000 tons of annual production, and the companies that are producing and looking for gold under massive attack by the banksters, it seems a “no brainer” that gold ultimately goes vastly higher. 

20.              I agree that it does, but the new Asian Bankster paper markets are going to bring much bigger bankster games than anything you’ve seen on the comex.  How gold goes “much higher” is not going to be an enjoyable ride, for most of the people trying to get in on it.

21.              One “fiat loans for fizz gold” company in India is reporting a staggering 80,000 new customers a day.  The Western gold community needs to wake up and smell the Chindian bankster coffee.  There is no emancipation of physical gold, and my question to all the emancipation pipe-dreamers is this: Where is all the gold going that’s handed in for fiat loans, by the astronomically growing number of millions and millions of Indian Fudds?

22.              Well, odds are high it’s being sold, leased, and stolen.

23.              Please click here now.  That’s arguably the only honest gold stocks ETF.  It’s a junior-focused one, ZJG, operated by the Bank Of Montreal.  There’s a massive trading range in play.  The percentage moves are substantial.  Note the number of times price has risen from the $7.50 area, and the number of times it has halted a few weeks later, in the $8.50 area.

24.              The extreme ends of the range are $10 and $7.  Please click here now.  That’s another look at ZJG, and you can see the massive volume that has appeared.  The action price action is disappointing.  Bankster Bullard is disappointing.  The monetization, not the emancipation of the Indian Fudd is disappointing.  The volume on ZJG is not disappointing, and the “big boys range” between $7 and $10 is going to result in a move to $13 or to $4.  ZJG fans should probably carry a short position in GDXJ that is 30{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} the size of your long position in ZJG, to book profits on bankster game days, and to maintain sanity on those days.  I’m a modest buyer at $7.50, a decent buyer at $7, and a massive buyer at $4.  I don’t want to see any lower prices, but if it happens, action must be taken.


Report Card Day!  Emotionally, Friday was probably one of the 5 toughest days in the gold stocks market of the past 50 years.  When you turn off the lights and look in the mirror, do you see a price plopper that glows in the dark from the bankster nuclear bomb attack, or, do you see an iron pgen marine, ready for more action on Monday!







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