Welcome to the first day of the rest of our JPM lives...an exciting one at that
posted on
Apr 07, 2010 01:00PM
(Edit this Message from the "Fast Facts" Section)
Good morning fellow JPM-er's and fellow excitable goldbugs and silverfish. Well, I figure a little positive background material never hurts. I can't imagine a better time to be invested in a stock like SFMI. Here is some "cut and paste" I just posted on the other BBs because I think for newer investors in the JPMs, and it seems there is now a groundswell beginning, a bit of fundamental reference to why a rising tide lifts all ships couldn't hoit.
The gold shorts are beginning to panic and they are trying desperately to convince you that anything gold is a negative investment. That is because they want your gold, silver, and shares cheap. The junior precious metals shares are on the verge of taking off ad they have a lot of catching up to do after being fraudulently suppressed for years. Do not fall prey to their spin. They want to take out your shares cheap. This is especially true for hidden gems that are about to become favorites with imminent mainstream exposure. If you thought the dotcom mania of the late nineties was something, wait and watch the unfolding of the JPM rocket launch commencing soon and lasing for at least a few years. Here are some excerpts from 321gold.com and Jim Sinclair’s jsminesetcom.
The GDXJ(nyse) and the ZJG(Toronto) Gold Juniors ETF investments continue to outperform the Dow. I expect that outperformance to accelerate, and perhaps exponentially so, over the coming year….
…gold officially launched the 3rd phase of the bull market by blasting over the neckline of the weekly chart head and shoulders pattern at 1033. My statement to those who asked me about juniors up until that point was basically, “Get Lost”. Taking out the 1033 neckline was the official launch of the gold juniors play as an asset class, one now set to dramatically outperform all other equities, in a multi-year supermove.... the GDX to Dow ratio weekly chart. ….GDX to Dow Weekly Chart…Take a good look at the volume ratio on that chart. The technical oscillators are not only flashing buy signals, but doing so accompanied by a massive increase in the GDX to Dow volume ratio!..
Those in the gold community telling you to sell gold stocks for whatever clam-baked reason, especially gold juniors, I’m sorry to say, are playing with fire and they are already getting burned. The gold punisher is going to put them in a blast furnace…..
Gold bullion is leading the rest of the asset classes, leading them higher. The FXI and the Dow will follow gold higher, and the gold juniors will follow gold higher, then overtake it and start a parabolic move higher. The reality is the gold juniors are ramping up for an upside price explosion, the ultimate price geyser. The gold juniors geyser stands to dwarf even some of the best internet stock moves in 1999. Here’s a look at the GDXJ compared to the FXI, the Chinese stock mkt. Gold Juniors Powering Ahead of China! Buy Signal for Juniors!
Jsminset.com
"The Gold Currency Index is attempting to break out of the recent trading range, and a subsequent close well above current levels would signal a move back up to the recent all-time high from December.
Technical indicators are moderately bullish overall, so a confirmed breakout has become more likely.
Gold in US dollars is testing resistance at the top of a pennant formation, and the positive divergence between it and the GCI suggests that a breakout is likely.
Negative spin and disinformation in its various forms (en masse downgrades – quietly followed by upgrades and negative articles on gold shares with solid management, valuable reserves, and excellent financing) are no accident. Organized interests want your quality gold shares and will herd you like lemmings over the cliff to acquire them. You must stand strong with your gold – January 06 2010 and quality gold shares. Ignore the spin. The gold shares stand on the cusp of a major breakout. Three taps and out is nearly complete