NOV 14 JWU

Juniors Written Update JWU.

(Pronounced “Jaywoo”)

 

      Nov 14, 2014

 

      JWU UPDATE

 

1.            Please click here now: http://www.gracelandjuniors.com/images/stories/14nov/2014nov13gdxj1.png Double-click to enlarge.  That’s the daily GDXJ chart.  It’s flashing a number of buy signals on my “oscillator array”.

2.           Please click here now: http://www.gracelandjuniors.com/images/stories/14nov/2014nov14yen1.PNG  That’s the dollar versus the yen.  By crushing the yen, global Gmen hope to crush gold? 

3.           The only problem, for the gold haters, is that this is not the spring of 2013.  There is no 1000 tons of levered and price-chased ETF gold to dump on the CRIMEX in the middle of the night. 

4.           The Indian mafia has built huge smuggling routes over the past 16 months, and the citizens will buy what little gold remains to be force-sold in the West.

5.           While gold is acting like a champ in the face of the total implosion of the yen, for gold to actually begin to rally while the yen is in freefall is asking a lot.

6.           The dollar is technically overbought against the yen, but Japanese central banker Kuroda is quiet as a mouse about the total implosion of his currency.  Abe is even worse, making public statements that “the market should determine the price of the yen”. 

7.           Most of the world’s Gmen hate gold, because it restricts their power, and they are cheering on Kuroda and Abe, as they try to keep the pressure on the yen, so that Queen Gold starts tanking.

8.           Fidelty’s top econs and money managers aren’t buying that propaganda.  I told you when gold was above $1523 that if price went under there, the technical target is $1123, and if it went there, you would see value fund managers on the buy.

9.           Fidelty, which manages $2 trillion, has just put out a buy recommendation based on the cost of production zone.

10.        "Today is quite similar - there are negative real interest rates, while countries are using currency as a policy tool to support nominal growth at the expense of real growth. And on top of that, supply from the gold industry is starting to come down." – Joe Wickwire, Fidelity portfolio manager, Nov 13, 2014.

11.        Big Joe understands what Alan Greenspan keeps trying to tell the world: The power of the Fed’s tools weakens with each use of them, because government grows bigger, rather than smaller.

12.        The fed can no longer engineer any real growth with its tools, although the power of gold revaluation and the ultimate fed tool, money printing, are as of yet untested in this end-of-Rome style super-crisis.

13.        Please click here now: http://www.gracelandjuniors.com/images/stories/14nov/2014nov14ura1.PNG  That’s the URA-n uranium stocks ETF.  It’s backed off from the $13.90 sell-side HSR zone.

14.        While that is an area where I suggested you could add, via pgen, some light short positions against your individual yellowcakes, or just book a bit of long-side profit there,

15.        Please click here now: http://www.gracelandjuniors.com/images/stories/14nov/2014nov14ura2.png  Double-click to enlarge.  That’s the weekly chart.  Uranium stocks appear to be beginning a rise from a huge base pattern.

16.        Please click here now: http://www.gracelandjuniors.com/images/stories/14nov/2014nov14j1.PNG That’s the GDXJ hourly bars chart, as of today’s close. 

17.        Some of you detailed the mind-boggling amount of pain you felt at today’s open.  I felt YOUR pain, and that put me in a foul mood this morning, cursing the banksters. 

18.        Remember that Ewave is based on quantifying fear and greed in a mathematical way, and early this morning was projected to be a significant fear-based low, and so it was.

19.        On that hourly bars chart, note the $26.74 area.  That’s the Launchpad.  If we take that out on Monday or Tuesday, I think junior gold stocks can stage a significant rally.

20.        Note how a huge number of amateur technicans in the gold community raced forwards over the past 72 hours to brag about the yen-gold link. 

21.        I told you the yen-gold link is a rotary phone, soon to be totally destroyed by the Indian citizen gold demand starship.  Today was a 1st step in the destruction of that yen-gold link.

22.        Please click here now: http://www.gracelandjuniors.com/images/stories/14nov/2014nov14gm1.PNG  Golden Minerals is not quite up 50{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} in 2 weeks, but… close to it

23.        Please click here now: http://www.gracelandjuniors.com/images/stories/14nov/2014nov14aum2.PNG  The downtrend line is broken.  I can’t even imagine selling out a portfolio of junior gold stocks, let alone gold, to buy the Dow, before it gets away.  The hard reality is that most of the members of the gold community that are doing that, were SHORTING the Dow at the 2008 lows!  Now they are selling gold stocks that have declined from $8 to 5 cents, and price-chasing the same Dow, with the proceeds!  A five cent stock can rise 1000{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} easily, while the Dow rises 10{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} (or tanks 50-90{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}.)   

24.        Gridtime!   I slipped a bit with the juniors postings/letter this week.  That’s because of the time I put in trying to rally the yes vote in Switzerland.  Deutsche Bank Says "Yes" Vote Has "Narrow But Clear Lead"  Nov 14, 2014.   I’d say the work paid off.  What do you think?

 

Kirk Jr. on the gold explorers bridge, out!

Thanks!

           Cheers

           St

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