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1. All hail the
punisher! Gold bullion beat the
dollar to a pulp, again, last night!
The price chart looks like the entire New York Yankees baseball team
took gold baseball bats to a dollar bug terrorist in the interrogation
room! The bottom line, sadly, is
that Elmer Fudd Public Investor is now being
devalued, all the way to the breadline.
2.
For the risk capital I manage professionally,
here’s how I sit, and have for a while. I’m approximately 3% in silver,
23% in cash, 20% in GDX, and 54% in… the gold bullion punisher!
3.
As you
look at your own accounts this morning, are you in supreme party mode? The answer is…. you better be!
4.
Click here now to view the gold punisher
writing your personal Declaration of Independence! 1776 was a year you all know,
politically. Now, 1776 is set to
become a price you all know, marking your financial independence from
the Gman and his toilet paper!
5.
I put absolutely no annotations on that
chart. On rare occasions, we need
to stand and salute the punisher, as she punishes the debt-a-holics and price chasers. Today is one such day, of great
celebration!
6. The bottom line is that in an epic crisis, you need
epic amounts of gold bullion. You
need cash to manage the debt implosions like occur like meteors smashing into
your account planet. You need
some silver and gold stocks to manage the massive inflation and interest rate
spikes that come, later, in this crisis.
7.
Greed and fear dominate the market actions of
99% of the participants at any given time, but most investors spend more time
reading newspapers and company reports than they spend looking in the mirror,
which
explains their generally ridiculous long term performance.
8. While the gold bullion punisher shows you a small
touch of her infinite financial power this morning, sadly, silver bugs don’t look much
different than the dollar bugs today. What went wrong?
9.
The picture is quickly becoming fairly
gruesome, and silver bugs seem set to join team “I’m 100% invested in
gold juniors with no bullion, because I’m a greed machine!”, in the demoralization zone.
10. You need to “man up” and face reality,
whenever your analysis of a situation goes all wrong. Telling stories about birds in the
bush and tomorrows that never come just isn’t going to cut it, if you
are a silver bug.
11. Click this man up on silver chart now to get a grip
on reality. While gold soars $50
an ounce, silver is down on the day! Silver bugs clicking this chart
will feel I can only term “unmitigated horror”. How can silver be down, while
gold blasts into outer price space?
12. Because the 1970s crisis of the dollar against gold
was a peanut compared to this current quadrillion dollar OTC derivatives
garbage dump-fuelled crisis, everything is magnified in price, and in time.
13. Claude
“the fraud?” Trichet has joined Ben
“Dr. Pinocchio” Bernanke in the massive game to devalue paper
currency and debt. He’s
buying government bonds willy nilly with
electronically photocopied euros, and perhaps dollars as well, loaned to him
by Dr. Pinocchio, off-book.
14. It takes time for massive inflation to occur, as a
result of this madness. That inflation
will occur, and bond markets will implode. Rates will skyrocket.
15. Unfortunately for gold stock worshippers, silver
bugs, and other commodity bugs, the time required for that inflation to
happen is vastly greater than the time required in the 1970s and the
1930s. There are massive debt
bombs yet to implode.
16. It is very possible that OTC derivatives linked to
bonds are the driver of what I believe is a “near at hand” gold
parabola. Still, until professional money managers see actual inflation and
rate spikes that are frightening, you are not going to see an
institutional money panic into gold stocks or silver.
17. I personally own much more silver than the 3% number for the risk capital
I manage, but gold bullion still forms the foundation of my crisis
portfolio. You need
“patience beyond patience” to enjoy the fruits of your gold
stock, silver bullion, and other commodity labours. The inflation you seek is not
here. It will be. Don’t compound a mistake of
being far too early on the play with another one. One of liquidation in failure. You can endure the gold-related assets
gulag, or face the financial blast furnace, alongside the rest of the dollar
bugs.
18. I told you all not to fool around with stock market
crash season, particularly after the Dow has rallied strongly for several
years. Most listened.
19. Those who didn’t look
like charcoal. Crash season for
the stock market is August, September, and October, seasonally. Many analysts, who told you to sell
and short the Dow in the 8000-6500 area lows in Oct 2008 to Mar 2009,
actually were issuing buy signals right as I screamed, “danger, crash season, stay away!”
20. What could happen from here is some kind of rebound
rally, followed by a real crash in the September-October
timeframe. I consider the action
of the past couple of weeks more of a blip down, a modest correction of a
massive up move, rather than a crash.
21. Click here now to view the absolutely horrific
Dow monthly chart. The oscillators look like they are going over Niagara
Falls in a barrel made out of toilet paper. In terms of time, the public
can’t take much more agony.
It’s been 11 years of horror since the markets topped out, and
these price chasers can’t stand the pain any more. They want out, and they want out now!
22. The banksters stand there laughing, asking
each other, “how little yield do
you think we can pay these idiots on bonds, and they’ll still buy them
in a frenzy?” The answer is found on a page in the
“bizarre and surreal” handbook. The answer is that the public will accept
a negative yield to escape the stock market gulag, and that’s exactly
what they are being handed by the banksters, in
real money terms.
23. The bottom line for the public is, “out of the gulag and into the blast furnace”. Incomprehensible pain is coming to
these failed investors.
24. If you bought nothing into Dow 6500, you should not be playing bottom
caller now. You will fail, and
probably much worse than you can imagine. Gold stocks have held up phenomenally
well, considering the forced selling related to margin calls on SP500 futures
trades. I posted a
listing of non-stop Goldman Sachs buys on one juniors
situation on my juniors site yesterday.
The banksters are buying gold stocks as weak
hands bail, and the only question is, are you onside?
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Thankyou
Cheers
St
Stewart Thomson
Graceland Updates
Email: stewart@gracelandupdates.com
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