Gold Correction Tactics Part 2:
Stewart Thomson
email: s2p3t4@sympatico.ca
June 22, 2010
321gold.com
3. Write this down and paste it to your computer: The further away from the gold 1033 neckline that the gold price moves on the upside, the further away from that “protection” the gold price is. You are on your own, like a gold cork in the ocean away from the mother ship. Monumental volatility is coming. My prediction is the next 12 months will see more leveraged gold traders wiped out in the gold market than all the wipeouts since the gold bull market began, combined! For all practical purposes, gold is on the verge of becoming untradeable for leveraged traders. Are you prepared?
4. Remember, the banksters make the rules in the paper markets. They can change those rules. Those naked shorting gold against no physical core position are taking unimaginable risks. All the traders I know engaging in such activity here and now are lifetime losers in the market and there are a boat load of these top calling wieners in action right now. Think very carefully about what I’m saying before joining the wiener patrol. In the 1970’s, many members of team gold shorty pants seriously considered suicide, after their gold shorting master play blew up in their face as gold went limit up, “impossibly”, day after day as the US dollar rose. Don’t think limits and margin rules currently in force can’t be changed with no notice. They can, and likely will be. This time, if the banksters change the paper gold rules in a surprise move, team gold shorty pants is going to be in a far worse position than they were in the 1970s. Of course, the gold shorts “know” this time is different, they are much smarter now, much smarter than gold bullion.
9. My firm view is that the next few weeks represent the end of the line for most gold traders who have taken themselves out of the gold market. They’ll make nothing in gold and risk being obliterated by hyperinflation. The gold stocks are already surging, with one after another making new highs, confirming the action in bullion that has already occurred when gold moved over the 1033 high. So, what’s the bottom line?
10. The bottom line is My pgen (pyramid generator) sold into the 1266 area highs, and bought into the lows of yesterday.
13. Use the technicals to get a hint of where the gold price might go and tweak what you are doing at various gridline points on the gold price battlefield. Don’t leave the battlefield for 100% paper money as you play flip trader, because if you do, you risk being devalued off the board if real hyperinflation appears, if you have survived the volatility minefield, which is unlikely. How would you like the G20 to announce the USA is bankrupt, so they have decided to save you by devaluing the dollar 10 to 1 against gold, while YOU are 100% in the dollar, with zero in gold? How would that feel to you? What if that was just the first of a series of such devaluations? That possibility was not real before the OTC derivatives crisis. It is real now, and hundreds of trillions in OTC losses are being hidden from you. Those who think hyperinflation is impossible are taking infinite risks with their wealth. I’m not predicting full hyperinflation, I’m saying it is now a real risk that needs to be managed, and only physical gold ownership manages the hyperinflation risk. If the banksters, on the winning side of those hidden hundreds of trillions in OTCD trades, can’t collect their winnings in paper money, they’ll take it by devaluing your paper money against their GOLD. They’ll devalue you and revalue themselves. The only solution to the crisis is breadlines, so of course there really is no solution, there are only those on the banksters’ side of the trade, the winning side, the long gold side, and those betting against them, the wienerhead side, which is the long paper money trade. Which side are you on? |
