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This
morning, the battle of the head and shoulders patterns makes its move from the
bullion arena to the gold juniors arena for you. As I write these words
around 4am, the bull side of the equation is showing some teeth. Click
here now for a view of the bull side of things.
GDXJ
H&S Pattern Chart Battle.
2. Just as no technician
(or fundamentalist) knew gold junior stocks would suddenly form a big top
pattern in October, none knew the juniors would suddenly form a
powerful bottom formation now.
3. Yet, here it is! The head
and shoulders bottom for gold juniors now! Those who sold all their gold into
the lows, or worse, shorted it, might be a little nervous this morning.
4. So they should be.
This is the market, and the greatest wiener is the person who can sell
the most gold into the most weakness, after the neckline of a head and
shoulders top pattern is broken.
5. The winner is the
person who can buy the most gold on the most weakness and sell a portion of
it into strength, working to build more ounces of wealth.
6. How many times have I said,
“Gold turns up when you feel the most negative, when your knowledge,
and mine, is greatest that it must continue down. In the market, bet
against what you know. Buy into the declines from head and shoulders
top formations, all the way down”.
7. How many listened?
More importantly, how many took action? It’s too late now for
those of you who failed to buy GDXJ into the lows of $32. It’s
not too late to buy some of the individual juniors that have yet to move with
GDXJ, with limited risk capital in a pyramid formation of buys into price
weakness.
8. Not all the juniors have
jumped with GDXJ as it tracks bullion higher, so you can still act on
those!
9. Here’s a look at the Gold
Bullion Chart early this morning, blasting thru the $1370
resistance. What you are looking at is a tidal wave of loss booking by
the top callers. The multiple H&S bottom pattern targets the $1400
marker, and we are now $65 off the $1310 low.
10. As price blows through
$1370, the failed short positions of overleveraged speculators are sadly
passed from their weak hands to the strong hands of….the banksters.
Don’t chase price and buy gold from the banksters as it soars.
You won’t like what happens to you.
11. “Wheat advanced in Chicago and
traded at a record in Zhengzhou, China, as demand increased and on
speculation a drought in the Asian nation, the biggest grower, may damage
plants. Snowfalls in China’s major wheat-growing regions failed
to ease a drought and the dry spell is likely to affect crops, Chen Lei,
deputy director at the State Flood Control and Drought Relief Headquarters,
said Feb. 12.” – Bloomberg News, Feb 14, 2011.
12. Not many people know that
China consumes almost as much wheat as it does rice. China
consumes about 8-9 times more wheat than Egypt consumes. Other than Bob
Moriarty, how many people in the world do I think really understand
what soaring gold is going to do to the price of food, and to
civilization itself via mass starvation? How many even have a tiny
clue? How many people do I think really understand how dire the
situation is? The answer is close to… zero.
13. Look at your obsession with
your paper account dollar valuations, versus the tiny effort you put into
understanding Gold as money. Paper is currency. It is not
money. Think about the tiny effort you put into building ounces of
wealth, as paper currency rallies against gold money. Think about
higher gold as: the wrecking ball of civilization. Because that’s
exactly what it is. You now are beginning to understand…
The Gold Punisher.
14. Meantime, Elmer Fudd Public
Investor keeps cheering Ben “Dr. Pinocchio” Bernanke and his
Quantitative Easing “solution” as having saved you and fixed
everything, with a couple of points of marked to model OTC derivatives GDP
growth.
15. In contrast, I keep telling
you nothing is fixed, nothing is saved, and now hyperinflation is a
real risk. The Dow soars higher, as institutional
money managers, who understand the real consequences of Quantitative
Easing and Mark to Model Lies accounting, fear a dollar crash and are already
pouring money into the Dow. This is only the beginning of the
hyperinflation of the Dow. Buy all corrections or be obliterated.
You totally blew it at 6500 and now are wasting time trying to make micro
money shorting it, while the world verges on total hyperinflationary
implosion and starvation.
16. You saw Egypt burn, just
based on wheat tagging the $9 a bushel marker. What happens when wheat
hits my target of $20? The answer might be:
17. You burn. Meantime, feel
free to continue to stare at the head and shoulders top on gold and imagine
your paper trading accounts are all that matters. Hide under your desk
while blubbering that gold might drop to some paper widget number that seems
important to you, so you better sell your gold before it goes to
Armstrong’s $1100 number, right? Pretend Armstrong is wrong so
you don’t have to think about it. All heads report to the sand,
right?
18. Wrong.
You better buy more if you are lucky enough to see anything close to
Armstrong’s numbers happen. You better pray that Gold goes lower
and stays lower, not higher, because what is coming if it goes higher
is a horror most of you can’t even imagine. Keep in mind the
minor detail that any one of us cheering gold higher might be….cheering
for starvation. Remember my words back at gold $900:
Don’t wish for something too hard…or you just might get it!
Well, you are going to get it.
19. President “So what
if a few hundred million people starve to death as we wreck the dollar,
there’s always a few who fall thru the cracks for the good of all”
Obama is working hard at his post. He’s working together with Ben
“Dr. Pinocchio” Bernanke and Tim “The Terminator”
Geithner at the tripod helm of the Good Ship Hyperinflation.
20. They hold a steady
keel. President Obama just announced his first ten year plan.
Nothing like a good ten year plan from the Gman to fix America! Fix a
debt crisis…by borrowing more! President Obama states that
America’s Gman will borrow a minimum of $600 billion a year for
the next ten years. He has volunteered to personally kick off
the hyperinflation main act himself, with a $1.6 trillion super-debt for
2011.
21. Let’s have a round of
applause for President Hyperinflation, Dr. Pinocchio, and The
Terminator. The Golden Tripod! The tripod’s actions have
ensured 1.6 trillion in fresh money borrowing that you know about.
How much is being printed by Dr. Pinocchio & The Terminator that you
don’t know about? Only the banskters know the answer.
22. The bottom line: The
deal is pretty much sealed on a food prices causing worldwide chaos, and the
starvation horror show has barely started. Like I have told you only
1 billion times, the crisis has barely started, and the only question
is: Are You Prepared?
23. Can the members of the
Golden Tripod regain their sanity and work to bring down debt levels?
Starvation is pretty much a done deal now, so the next question is:
Will starvation be followed by war? Suggestion: The answer
is not in the head and shoulders top fairy tale formation on gold. The
answer is in the actions of the Golden Tripod. Will the bond market be
imploded by the banksters while margins on gold futures are cranked to halt
the price rises of wheat, rice, and all foods, and cause those still under
the spell of paper dollar account valuations to hand all their gold to the
banksters just in time for the starvation phase of the crisis to move to the
war phase?
24. All I know is that I’m
working maniacally to get more gold. I have absolutely no intention of
letting any toilet paper currency obsessed pinhead separate me from one ounce
of the golden goodness, as the crisis accelerates. Welcome to
the main stage of the great OTC derivatives crisis. The starvation
stage. Still think your juniors charts are more important than…. THIS
ONE?!
2011 is not the year of the rabbit.
It is the year of… The Punisher!
Special Offer for Website Readers: Send me an Email to freereports4@gracelandupdates.com
and I’ll rush you my free “It’s Time To Get Real!”
report. Take action now in the food markets before food takes action on
you! Thanks!
Thanks!
Cheers!
St
Stewart Thomson
Graceland Updates
Email: stewart@gracelandupdates.com
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