1.
Congratulations! I have only told you only about five
hundred thousand times that no gold sale feels like a sale.
2.
All gold sales of substantial opportunity feel like the
end of your personal financial world, and this one has been no exception.
3.
Those of you who faced the winds of correction, held
your head high, and bought, are today raising the flag of victory. Silver is
up about 24% in 24 hours! Gold has soared to $1675, from the "ultimate
on sale for you" point of $1530.
4.
Raise the gold flag, and celebrate your endurance.
There was a song written about drug pushers, called something like "Gol Dang The Pusher Man!".
I say, "Gol Dang The
Dollar Bugs!" should be your theme song, here and now.
5.
I told you repeatedly that one of the themes of 2011 is
"gold goes aggressive". I don't know what percentage of gold
analysts turned into top callers recently, and I don't know what percentage
engaged in selling their gold in size, but let me tell you a little bit about
myself.
6.
I don't sell gold bullion in size to buy crap.
Crap is a bag of US dollars that pay anything less than 8% on a 30 year US
T-bond, in my world.
7.
Click here now for a closer look at the gold rally. The
top callers are celebrating their supposed victory vastly too soon, and they
are doing it in dollars that could literally go off the trading board later
in this crisis. Do you need ounces or dollars? If you need ounces, the time
is here and the time is now, to take action. Ounces, not dollars, are what
will take you to the other side of this crisis, intact.
8.
You can spend the next 500 years telling me all about
why gold must fall down and I must avoid "the big correction", if
that really turns your dollarbug crank. The bottom
line is that I don't sell gold core positions for dollars unless the US
Treasury is prepared to step up to the plate and hand me a 30 year T-bond
that pays me 8% a year. That's when I start buying bonds with core position
gold, and not when I finish buying them.
9.
The idea of selling my gold in size for pure cash that
pays no interest because "gold might fall down" is totally
nonsensical.
10.
I've told you all to carry high cash levels because
this is an all-epic crisis. That's all there is to say about cash. I'm at
about 30% cash personally, and roughly 22% for the monies I professionally
manage. I don't like to go under 20% cash, but to tell me to sell my core
gold for cash because "it might fall down" is not going to do
anything other than get me in a rage.
11.
I don't think you understand how personal the dollarbugs made this fight. Do you understand what has
happened to your constitution? They destroyed it. It can't be fixed. There
has to be a new one that doesn't allow amendments. If you think a dollarbug in this crisis has any chance of convincing me
to sell 1 gram of my core position gold or silver for their dollarbug crap, you are living on Mars.
12.
Most of you met me as the market collapsed in October
of 2008, and you were staggered to see me buying both gold stock and the Dow
right into the lows, hard and heavy. That was agonizing, but the profits that
came "out of the hole" were mindboggling. Alcoa and GE were
up 300% in just months, while team shorty pants was
obliterated, as I told you would happen.
13.
I told you to remove cash from the banking system while
buying the Dow and gold stock into the lows of 2008, because the system was
either going to be shut down or there would be an upside astroblast
in the markets. The bottom line is that you needed to insure yourself
professionally, while taking massive market buy action. Few listened. Few got
richer. I did.
14.
I don't sell weakness in gold because it might fall
further. I buy gold in my discomfort zone, and in your pain zone; that's what
I do, and that's who I am.
15.
Gold's little brother, silver, put on a showcase
performance over the past 24 hours, rising an average about 1% an hour! Click
here now to view one of the history's greatest
assets in action, taking it to the dollar bugs.
16.
The "great error" that exists in the gold
community is confusing what gold and silver are, as assets, with where price
is going, in dollars. I'm a buyer of silver every 50 cents down, all the way
to zero.
17.
Be a player, not a plopper.
If you buy too large at any one price point, the mental wear and tear on you
if price falls below your entry point can be more destructive than most
investors want to think about, when they first enter the "plop
zone". Moderation in all things, including the amount of risk capital
you bring to play at any single entry point, is how to live a balanced
financial life.
18.
This morning, do I wish I'd bought more silver into the
lows $26, now that it is pushing at $33? Perhaps, but I wonder what those who
bought none are thinking this morning? I'm a player at all points on the
silver price grid. Are you? What if we go to $20? Who will be a player there,
will it be those who borrowed money against their houses to buy silver at $45
because it was "getting away"? I don't want to think about what is
going through their heads now.
19.
Silver is going to be around long after you are dead,
and so is gold. You should be a lot more concerned with your own mortality
than with "how low silver or gold can go", while you buy
nothing and I buy like a machine, in moderate size, with no missed buys.
20.
Life is too short to pretend that the banksters are only short gold and silver. They invented
the financial system, so by definition they must know that dollars are crap
and only gold is money. They control the system with gold, and all the latest
crew of top callers succeeded in doing was getting huge number of fund
managers (and retail players in the gold community) to hand the banksters their gold items at firesale
prices, in a loss-booking frenzy.
21.
What a horror. He who has the gold makes the rules. The
banksters now have more gold. Expect more rules to
follow, rules designed to enrich them, and impoverish you.
22.
Click here now for a look at the Dow. There's an
addiction to "getting the Dow" in the gold community that
needs to be faced. Maybe some sort of financial rehab centre
is needed, and a benefactor could step forward and make it happen.
23.
I don't see the gain in shorting or buying the Dow at
this point in the crisis. Risk capital employed to make dollars rather than
increase ounces of gold is a questionable proposition, and shorting the
Dow is nothing more than a bet on the dollar.
24.
I'm not interested in buying the Dow any more than I am
in shorting it. Gold stocks remain the single best place to insert risk
capital, here and now. Nothing has changed since gold rose above $1400 for a
period of time, and got the attention of institutional money managers. The
current sell-off is seen by value players as a major opportunity to take
action. Look at the T-bond. Do you see it paying you 8% a year, for 30 years?
No. So, let's stand back from the drama stage, and get back to work, building
your horde of gold, silver, and precious metals stock, that is now offered to
you on substantial sale!
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Thanks!
Cheers
st
Stewart Thomson
Graceland Updates
Email: stewart@gracelandupdates.com
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