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1. The
Dodo bird, native to Mauritius, was approximately 20kg in weight, and very
friendly. Human beings and our domestic animals wiped it out. The Dodo bird was famous for proving that humans
could cause extinction.
2. Click here
now to view what is becoming the gold market’s version of the Dodo
bird. As with the bird on Mauritius, the cause of extinction is human beings. In the gold community,
you are now watching greed turn to fear, in a very big way.
3. Mark Hulbert apparently
reported a week ago that 99.7% of gold timer money has come out of gold and
gold stocks, and, incredibly, it seems he made that report before the enormous selling frenzy
took place last Wednesday and Thursday! I believe that his numbers now likely
show the average gold timer is short
gold.
4. For all practical
intents and purposes, is there is anyone left with gold to sell, to drive
prices lower, that hasn’t sold already?
5. Many investors think
gold is going down to around $1400, and then to $1000, and they plan to buy
at those prices. Then gold will rise to new highs, making them happy.
6. Perhaps
that will occur, but perhaps at gold $1000, numbers like $300 and $400 an
ounce will be discussed very seriously by the pundits, creating even greater
levels of fear amongst amateur investors.
7. I don’t believe
that most amateur investors are capable of buying into the kind of “get
it cheap later” scenarios they are now painting for themselves, because
they have not properly thought about the kind of news flow that will be occurring at those lower prices.
8. Are
you really capable of buying into a situation like the lows of 2008? I know
what it feels like to do so, and it is nothing like the picture that most
gold investors are fantasizing about now.
9. If
gold does go to $1000, panic selling will be the theme, with most investors
absolutely sure that gold is going to $680, which it might well do, if we go to $1000. If you can’t
handle the fear present when buying $1550, I would argue there is no way on
this earth that you will handle buying the exponentially greater fear and
demoralization that would be present if gold $1000 were
to occur.
10. There
is only today, not tomorrow, and today gold, silver, and gold stock are on
sale, in an environment of great
negativity. Get into the groove of a buyer’s mindset. Talk of
“cheaper later” is
really just placing a veil on fear, your fear, and will produce no wealth.
11. The “banksters” are buying almost everything sold by the
leveraged speculators on the comex. Think very hard
about their action. Compare it to all the “you’ll get it cheaper, later, I promise” talk that is
now coming from most gold analysts.
12. Gold is the
world’s lowest risk investment, today, not just at gold $1400. The banksters, Indian, Chinese, and Mid-East physical buyers
are laughing at your unfounded fears, as they buy. Remember when the Dow was
a buy “forever” in 1999? When it really did go on sale, how many
investors stepped up to the on-sale plate and actually bought even one share
of Dow stock?
13. Let’s not repeat
their errors, in the much lower risk
gold market. The biggest risk in the gold market could be… your own
mind.
14. The dollar bugs and gold
bears have their friends. Gold bullion has a few friends, too. Click here
now to say hello to one of them.
15. Wheat is one of the
greatest assets of all time. As I write these words, many deflation fans are
writing their supposedly great analysis about lower commodity prices, while
eating a piece of toast, made from wheat.
16. In the food market, if
price drops low enough, farmers stop planting and deflation fan club members
start starving to death. Wheat will raise the victory flag against the dollar
bugs, in this epic crisis. Do the dollar bugs really understand the power of
their opponent? No.
17. Wheat and corn may jump
start gold to higher prices against the dollar, and do it by January, 2012.
Technical indicators are not confirming wheat’s downside price action,
and now price itself is starting to press towards the upside of a massive and
bullish wedge pattern.
18. Click this corn
chart now. Corn prices are down, yet technical indicators and oscillators
are not confirming the latest price moves down. I’m long and strong,
both corn and wheat, and have absolutely no fear of any dollar bug’s
deflationary analysis. I’m long and strong corn, wheat, and expect them
to provide a high-powered jump start to my gold and silver bullion holdings,
against the dollar.
19. Drawing a myriad of
scenarios on a gold chart isn’t necessarily going to build you any
wealth. Click this back
to the basics gold chart now. Gold is chewing at the resistance
highlighted by the horizontal black line at about $1610, and trading in an
enormous range between about $1540 and $1920.
20. How important is the
next intermediate dollar price move for gold? There is some importance to it,
but I think it is far more important that you maintain a buyer’s
mindset in the $1500-1600 area than you try to predict your way to
$1000-$1200 with a fantasy idea that you will be capable of buying that price
area in size.
21. All you are thinking
about in a scenario of gold at $1000-$1200, is likely in the palm of your
hand right now at gold $1500-$1600, but almost nobody understands what gold
really is, so the obsession with flipping it to make dollars goes on and on,
like crackerjack box prizes being inserted into the box on the assembly line.
22. The winning transaction
is in the palm of your hand, today. Your dollars have risen against gold and
you are not booking a profit on any of these dollars, because you still
believe gold serves you, like it did in the 1970s, to make you dollars.
23. This is not the 1970s.
This is 2011-2012. The dollar is best used to build you ounces of gold
wealth. Few understand, and most are living a pipedream from the past.
24. Click this key
oil chart now. There is a widely followed double top pattern between
about $103 and $95, which has activated with a break under $95. What
isn’t widely followed is the massive head and shoulders bull
continuation pattern that I highlight here, which has an incredible upside
target of about $130, and dwarfs the double top pattern in size. If this h&s pattern activates, oil could join wheat and corn
in creating one of the greatest short-covering rallies of all time
in….gold!
Thanks!
Cheers
St
Special
Offer For Website Readers: Send me an Email to freereports4@gracelandupdates.com
and I’ll send you my free “Cut The Crap!” gold report.
You’ve heard your fill from the bears, and most of you are as
demoralized as you need to be. I’ll send you a 3 part report showing
you why the gold bears are all wrong, and how you to rebuild your gold bull
spirit this week!
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