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. Japan is dominating the
news. Let’s take a look today at some events that may have gone
unreported by the major media: “I bought uranium stocks with full
margin, after they leaped 400%. I thought they would quadruple again
immediately! After Japan ended nuclear power’s future yesterday,
I sold everything at huge losses. It’s all over. I’m
ruined!”
-
Typical leveraged uranium investor, March 14, 2011?
2.
“BEIJING
(Reuters) - Japan's nuclear disaster will make the new generation of reactors
safer, according to China's energy chief and to a leading builder, but
neither suggested there would be any change to the timetable for building new
plants…. China has only 10.8 gigawatts of nuclear generating
capacity in operation after more than two decades of construction, so the
plan to get almost four times as much underway in the next five years
represents a dramatic acceleration.” – Reuters News.
Mar 14, 2011.
3.
Yesterday
morning, as the stock market opened, my uranium buy fills screen lit
up like the Times Square Christmas tree. Click here now to view the
latest daily chart action. Many technical
indicators are already deeply oversold. Note my comments on the chart
about yesterday’s gargantuan volume bar.
4.
If you want to
open your uranium Christmas presents on Profit Booking Day, you need to
face the pain of Christmas shopping now.
5. The price action now in the
uranium market is uranium’s equivalent of the Dow’s 1987
crash. The uranium store just issued a monster 20% off sale on uranium
itself, and an even bigger 30 to 50% super sale on the uranium stocks.
6. Some dropped 30% just
yesterday alone! It’s
a rare super-sale. Click
here now to view the uranium weekly chart.
7. The volume of
trading, just yesterday alone, exceeded the entire weekly trading
volume for any week in the past two years! If Japan wins the
fight to keep the levels of radiation under 100,000 microsieverts, can you
even imagine the possible size of the rally in uranium? Has that
thought even occurred to most investors? For every share panic-sold,
one is panic-bought, by the pros.
8.
Don’t
think we’ve bottomed. My buys extend to zero. So should
yours. I hope we go lower, so I buy more. No grocery store
promises you they won’t have a cheaper sale in the next flyer.
Buy some uranium at this sale, but don’t pretend it can’t go any
lower, just because you are buying now. The market doesn’t
care about what price you and I pay for anything.
9.
Gold is under
heavy pressure this morning. Here’s the latest action on this
morning’s gold chart. That is one nasty
looking chart, and you can see this morning’s bull-bear fight centred
around that red “neckline”. That’s just the one month
chart!
10.
Here’s a
look at that month of trading framed within the past one year of
trading. Click here now to view. While price could
reverse and blast higher, this chart says in neon to me is that a move to
1200 or 1100 is not predicted, but easily possible.
11.
Martin
Armstrong is one of the world’s greatest technical analysts, arguably
the greatest, and he cautions everyone not to cheer for a rocket ride
to $1700 from here, because a horrific crash could follow. Click here
now for a look at Armstrong's Latest Technical Work.
It might take a few extra seconds to open the document. I consider it
the greatest technical work on gold so far in 2011, by anyone.
12.
I’ve
argued the same thing, from my studies of the investor mind. A rocket
move above $1430 would bring the public investor into the gold market on the
buy side in size, setting the market up for a horrific crash soon
after that happens.
13.
The entrance of
Elmer Fudd Professional Price Chaser into the gold market now, is the very
last thing any of you need, to benefit your investments. You want to
see gold rise in price as it punishes debt, not because the world’s
stupidest investors want to make themselves some big fast toilet paper widget
gains.
14.
Gold’s
volatility is already growing enough, without Fudd on board! Japan, the
Mid East, Ben “Dr. Pinocchio” Bernanke hundred trillion dollar
OTC derivatives balance sheet marked to 2 trillion dollars of lies, $100
trillion of unfunded liabilities, and the list goes on and on. The
crisis is not over. Not at all. It is accelerating and QE is the
accelerant. QE never was a solution. It’s a payment
mechanism to pay the banksters trillions in OTC derivatives winnings, and
that, dear readers, is why QE is going to infinity, not because it is a
solution for anything.
15.
Armstrong talks
about “sustainability”, as it applies to a bull
market. I’ve urged you all to build the emotional and financial
tactics to view gold through a $300 price window; you must build yourself
emotionally to be able to withstand a $300 price correction without even
uttering a word of concern, let alone beating on the “sell me out
now!” button.
16.
Trading out your
inner core positions to “escape” a downdraft is idiocy.
You should have high cash positions as well as high ounce positions to manage
whatever happens. If you have no gold, you can’t book any
profits on it if it launches a super spike for whatever reason. If you
have no cash, you can’t buy any gold if we drop by several hundred
dollars an ounce.
17.
Tactically,
I’ve urged you to buy put options into this rally. How many
listened? With silver the situation is more
strained. The uptrend line is cracking, and it’s a big one.
When price trades below an uptrend or HSR (horizontal support &
resistance) line, the line is coloured red. The blue line that
has supported silver through a doubling of price is turning red! My
longterm minimum target for silver is $80, with a possibility of $200.
Use all weakness not to bail, but to buy more if you are a silver player!
18.
It has been
some time since gold has made a significant move up or down against the
dollar, and time is running out in terms of resolving this situation.
Many in the gold community are vastly over-weighted in juniors
situations. Some of you own zero physical gold, while being 100%
invested in juniors. That strategy has broken the financial backs of
many.
19.
Physical gold
is power. It gives you the power to buy dollars, to buy junior
shares, to buy…anything.
20.
If you’ve
bought some dollars as gold has soared, and gold takes a hit, your dollars
are rallying against gold. Dollars are assets just like gold is an
asset. If you make a profit on your dollars, do you think you should
book some of that profit?
21.
Tone down the
“Gold is tanking so I gotta bail!” statements of nonsense, if the
dollar mounts a rally against gold. Instead, tone up the profit booking
on some of the dollars you are holding now, if you are lucky enough to see
them rally to a profit position. Stop thinking about dollars as
money, and starting viewing them as an asset. If you are interested in
getting… richer.
22.
Always make
sure the exiting side of all your market transactions is a winning
transaction. 99% of investors don’t understand why it is so
important to view the dollar as just another asset in play. The
dollar-as-money obsession is one direct cause of the lifetime losses in
the market that are experienced by 99% of investors. When the dollar
rallies, you book profit on it for one reason only. So you get
richer.
23.
Click here now
to view the Dow chart.
24.
The stock
market has lost all upside momentum, just as gold did in October, and the
foods are doing now. I’m long China’s stock market and
short the Dow. The major markets are exiting the trading period that
gold was leading them through over the past 4 months and are preparing to
begin trending. Investors have been brainwashed by the banksters
into committing huge amounts of capital into tiny price dips and are now
almost “all in”. A major hit on gold now could devastate
the gold community. While we could still break upside, the question is,
are you prepared now, with a healthy amount of cash, to buy the devastation,
if the break is downside?
Special
Offer For Website Readers: Send me an Email today to freereports4@gracelandupdates.com
and I’ll rush you my “Protect Me Now” report!
I’ll show you how to use put options to protect your holdings, while
allocating cash on the buy side to get more gold & more gold stock, on
any bigtime correction in price! Thanks!
Thanks!
Cheers!
Stewart Thomson
Graceland Updates
Email: stewart@gracelandupdates.com
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