mar 2 JMU

Juniors PGEN Marines Update (JMU).

(Pronounced “JAYMEW”)


Mar 2, 2016


Junior PGEN Marines Update


  1. Please click here now: Let’s talk… RAW.
  2. I refer to the riskiest juniors as the “raw” sector of the gold stocks asset class. I’ve told you that the raw sector often lags the seniors and even other juniors, but when these stocks start to move, the action can be mindboggling.
  3. Please click here now: That’s the daily Banro chart. Note the potential flag breakout yesterday!
  4. Banro is a raw junior, but it’s not ultra-raw by any means. So, you can be (relatively) comfortable buying this stock every 2 cents down here. Blow some out, via sell-side pgen, every nickel higher.
  5. When I talk about blowing some out, I’m referring to trading positions. Only a man from mars, and certainly not a woman from Venus, blows out any serious amount of stock here.
  6. Even after rallying 300{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} some junior gold stocks are still down 90{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}+ from their highs.
  7. Much more importantly than that, YOU are only at the cusp of the Chindia-oriented bull era. It’s madness to wave the exit flag… at the entrance door!
  8. Maybe the Western fear trade oriented nirp twirps can drive your gold stocks a lot higher in the short term, and maybe they can’t. Look at their actions as a “bull era bonus prize”.
  9. The nirp twirps don’t understand that negative rates don’t move money velocity. NIRP turns velocity into a slug. That’s because the BANKS, not the gold guru crackheads, determine whether velocity rises or falls, based on the THEIR profitability, not on yours or mine.
  10. If you want to join the guru crackheads, and imagine that the banks believe getting a half point of interest on their money at the Fed that can’t be fractionally reserved (multiplied tenfold) is somehow “awesome”, that’s AOK with me…
  11. But if you think THAT is going to move velocity and the gold price seriously higher, you need to look around, and see you are in the Rubber Room penthouse suite, on the planet Mars.
  12. The good news, for you and me, is that Janet is going to ramp up money velocity and safe haven flows to gold (and junior gold stocks indirectly), and do so…while Chindia goes into bull era overdrive.
  13. Please click here now: That’s the daily GDXJ chart. It’s consolidating.
  14. Don’t waste time predicting “a correction”. Price is consolidating, and all that matters is whether you are going to get richer if price skyrockets, which it might, or whether it goes to a new low, impossibly, and you have to buy there, in your personal agony zone.
  15. Nothing else means anything at all. Let’s hit the gridlines now. I’ll see you there!


Kirk Jr. on the gold explorers bridge, out!




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