Juniors PGEN Marines Update (JMU).

(Pronounced “JAYMEW”)


Mar 21, 2016


Junior PGEN Marines Update 


  1. Let’s talk about ETFs today. Junior gold and silver stock ETFs.
  2. First, however, I want to note that India’s gold market mafia has secured an agreement with the nation’s jewellers, thanks to key mob front man Arun “master crook” Jaitley, who also moonlights as the nation’s finance minister.
  3. Try to understand how India’s citizens mark gold to model. If you think the Western banksters marked the price of various OTC derivatives to high priced model, try to imagine what real value Indians assign to the price of gold.
  4. I realize that various gurus in the West think they are pretty smart, assigning $10,000+ targets for gold, based on various newbie experiences with their empires imploding.
  5. Do YOU really think that Indian jewellers and goldaholics, who are 500,000 times smarter about gold than all the West’s gurus are… do YOU really think they are so dumb as to project future gold prices at some microscopic level?
  6. Indians are willing to pay up, for gold, at these prices, simply put, because they are 500,000 times smarter than you and the West’s top gurus are, about gold. When YOU have 5000 years of hands-on experience with gold, as Indians do, then you too will act in the gold market, as they do now.  Until then, know your place on the golden totem pole, but keep on climbin’!
  7. You and I both know that whatever happens in the fear-trade oriented West, is ultimately going to only put that Indian projection onto steroids.
  8. OK, onto the ETF action. Please click here now! That’s the daily chart for GLDX, the gold explorers chart.
  9. If YOU are a coach of boxers fighting for the heavyweight championship (or for the bull era in gold), and the opponents are trying to knock out your team, or psychologically destroy, would you take that seriously?
  10. I do. When a certain theme envelops a market with what I call “emotional violence and power”, I need to fight that theme very hard, if it is founded upon stupidity, which the theme is, of top calling gold stocks that have fallen from $20 to $1, and rallied to $2.
  11. When the Dow rallied from 6300 to 7000 in 2009, I was ridiculed and pounded with, literally, a hundred emails a day about shorting the Dow, selling it, and top calling it.
  12. So, I had to fight back with a lot of emotional power to convince anyone, and I mean anyone, that buying the Dow alongside me was the correct thing to do.
  13. Likewise, the top calling theme that has swept through the Western gold community is one of tremendous force, violence, power, and stupidity. I need to use a lot of force to fight it.
  14. Just nonchalantly saying, “Oh sure, top call yourself out of gold stocks, and we’ll get back in another day” works great, if you have money to gamble in the fireplace.
  15. If not, or if you simply don’t want to do that, then you need to spend significant emotional strength fighting the urge to top call yourself out of gold stocks.
  16. GLDX is staging massively bullish action. Because it’s a gold explorers ETF, charts need to be painted with a broad-stroked brush.
  17. There is no bull flag in play, but there is flag-like action, and that’s very good news.
  18. Please click here now: That’s the daily SIL ETF chart.
  19. Again, you want to use a broad stroke brush to view this chart. If bullish chart patterns appear, especially consecutively, it doesn’t mean they all play out like in the Edwards & Magee textbook, but it does mean that the overall picture is very positive, and generally higher prices are likely.
  20. That’s exactly how an Indian jeweller views the gold market; they can also “genetically size up” what is happening amongst all the micro events, and project either higher or lower prices.
  21. From that type of perspective, all the junior gold/silver stock ETFs look very good.
  22. Gridtime! Please click here now: That’s Jaguar Mining.  It’s chewing its way towards the neckline of a pretty large H&S bottom pattern.  It takes time for institutional investors fried by past action like the reverse split and smoked share price to return to stocks like Jaguar, but it is happening.  I’ve talked about the Volkswagen reserve gas tank in the past, in regards to junior gold stock investing in general.  The bottom line is that it’s a decent idea to keep a small reserve tank (say 10{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} - 15{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} of your total allocated capital to the sector) in a “holding tank” reserved to run additional pgens on stocks that get reverse split.  That keeps you in the game when the banksters buy, and all the others fry!  Let’s hit the gridlines now. I’ll see you there!


Kirk Jr. on the gold explorers bridge, out!




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