The Impact of $100 Billion a Month in Quantitative Easing

Wall Street is going wild with new quantitative easing talk. However, as the Street moves to front-run Ben Bernanke, one perspective is very much understood: QE2 will be nothing like we’ve ever seen before. The new quantitative easing will be monstrous, persistent, and of a size, scope and direction never before seen.

What’s New in QE2?

While Ben Bernanke and his cohorts have run the printing presses before to the tune of $1.25 trillion to buy mortgage-backed securities and some treasuries, a new program will purchase US Treasuries exclusively. A number of independent analysts now expect that the Federal Reserve will run a perpetual program based on sustained, direct purchase of US government debt from the Treasury Department.

As for how much quantitative easing is to be expected, $100 billion per month seems to be the consensus. Why $100 billion per month?

A $1.15 Trillion Deficit

The Federal Reserve, through its second round of quantitative easing, will be purchasing exactly as much government debt as is created in all of the fiscal year 2011. That is, the Federal Reserve will singlehandedly buy all US debt in 2011 should it decide to target easing equal to $100 billion a month. Or, in other words, the Federal Reserve will monetize our debt, printing enough money as is needed to maintain an effectively balanced budget.

The monetization of all debt is monumental. Unlike the first quantitative easing program, where the funds were essentially locked into bank reserves, the new program will create one circulating dollar for each month of easing. By the fall of 2011, the money supply at the M1, and M2 levels could explode, with a minimum of 14% inflation in the M2 money supply with absolutely zero after the fact multiplier. Heavier spending, more lending, and a multitude of other factors could produce inflation rates several multiples larger than the 14% lowball.

No Exit

The Federal Reserve maintains positions with average maturity of six to seven years in its portfolio, practically indicating to the world that it has little interest in short term exits and will stay in government debt for as long as need be, presumably forever.

New action by the Federal Reserve will most likely occur in the longest dated bonds possible, as purchasing these bonds provides the best return to the government. (The yield curve brings higher rates on 30 year Treasuries, saving the government more in financing costs than purchases of short term debt.)

Most expect that the Federal Reserve will announce the next stage of the quantitative easing program immediately following the elections. Such a move would help mask political risks and give consumers more confidence heading into the Christmas season. As stated previously, the inflationists at the Federal Reserve desperately need more spending, more consumption, and more monetary expansion from bank reserve levels (M0) to savings levels (M2).

Start preparing for the move by allocating more holdings into precious metals. With the money supply sure to explode by a minimum of 14%, assuming a $1.2 Trillion QE2, there is still very much to gain in hard assets, particularly metals like silver.

By Dr. Jeffrey Lewis
Silver Coins Are The Investment Opportunity Of A Lifetime

An Unusual Way to Turn $1,000 into $1 Million in Four Years

By Matt Badiali, editor, S&A Resource Report Thursday, October 28, 2010

Can you turn $1,000 into $1 million in just a few years?

You can if you time a bull market in uranium stocks correctly…

In September 2003, an Australian uranium company, Paladin Energy, traded for just 1¢ per share. Things were horrible for the uranium industry.

Back then, uranium sold for around $11 per pound. But it cost the industry $15 per pound to produce. That meant uranium companies lost $4 on every pound they sold. Except for expert contrarian investors, nobody wanted to own uranium stocks.

But 2003 was the very beginning of a huge bull market in uranium. By 2005, the uranium price had climbed to $20… By the end of the year, it was selling for $35 a pound. Investors went wild for uranium plays.

In January 2005, Paladin Energy was up to 47¢. That’s a 4,600% gain from 2003 levels. By the end of 2005, it hit $2 per share… a 19,900% gain in just 30 months.

The uranium bull market peaked in 2007. Paladin topped out at $10.40 per share… an incredible 100,000%-plus gain. Every $1,000 invested turned into more than $1 million.

The uranium bull died in June 2007, thanks in part to the global economic collapse. The ride down was steep. Uranium fell from $136 per pound to $40 per pound in just two years.

But there’s a new bull market getting started right now. The price just broke out to a new 52-week high. And the next Paladin is getting ready to take off. Before I get to that, let me explain what’s driving the new move in uranium prices…

The bull case for uranium the chief fuel for nuclear reactors is simple: Emerging Asian nations, particularly China and India, are Westernizing. Their populations want air conditioning, refrigerators, iPods, and YouTube. That means electricity.

To meet its growing electricity demand, China plans to build 60 new nuclear reactors within the next 10 years. China’s high-growth cousin, India, needs 40 new reactors in the next 20 years. That would increase the number of nuclear power plants in the world by 23%.

This new Asian nuclear boom is expected to be the largest period of nuclear power growth since OPEC’s oil embargo. At its peak, back in the 1980s, the nuclear industry started up a new reactor every 15 days. By 2015, we could see a new reactor coming online every five days.

Both China and India understand the implications of that growth. According to Bloomberg, both countries are stockpiling the fuel. China could purchase more than twice as much uranium as it will use this year. The proposed reactors in China alone could consume more than 30% of the uranium mined today. That’s why the country signed a 10-year, 10,000-ton deal with giant uranium miner Cameco.

But there is a real lack of new, near-term uranium production. That means supply won’t increase as much as demand… and uranium prices will rise.

In fact, it’s already begun. A small uranium firm I just recommended to my S&A Resource Report readers has climbed 50% for us in just two months. Many other uranium plays, like blue chip uranium miner Cameco (CCJ), are entering uptrends as well. But it’s still early days and the masses haven’t caught on. That’s our opportunity. It’s unlikely you’ll score an unbelievable 100,000% gain… but hundreds of percent gains are easily within reach.

We have time to sleuth out the great junior miners and buy cheap. Focus on the little things: management’s experience, burn rate (the amount of cash spent versus amount of cash in the bank), and projects.

The big money will go to experienced teams with high-grade deposits near people, roads, and other mines. That’s what the expert contrarian investors are looking for now.

Good investing,

Matt Badiali

P.S. I have a handful of the world’s best uranium stocks in the S&A Resource Report portfolio. They offer hundreds even thousands of percent upside in the coming years. You can learn about a subscription to the Resource Report and another one of my favorite ideas by clicking here.


Today, we note the stock mania of the month: rare earth elements.

“Rare earth elements” is the name of an exotic group of metals, including strange-sounding members like “lanthanum” and “cerium.” These little-known metals are crucial components of electric car batteries, wind turbines, and advanced electronics (the kind in your iPod or cell phone). In a strange twist of geology and geopolitics, China holds a virtual monopoly on these metals… producing around 95% of the world’s supply.

China is making big news right now by reducing rare earth exports in order to conserve its supply and squeeze other countries… which is causing a global scramble to build non-China reserves. It’s also causing a mania in the handful of publicly traded rare earth plays…

Leading this mini-mania is Molycorp (MCP). MCP controls the largest developed rare earth deposit in North America. The company went public at $14 per share just a few months ago… and has ridden a hype wave to a 150% gain. Other rare earth names have made similar crazy moves during this time.

Like all manias, this one will end badly… with ridiculous valuations, awesome marketing hype, and massive share declines. If you’re in this move, don’t forget your stop losses…

France: Can You Hear Us Now?.. The Big Science Promotion Grows Stranger

France: Can You Hear Us Now?

Friday, October 22, 2010 – by Staff Report

Nicholas Sarkozy

Nobody expected this French revolution … The pensions row has turned into a referendum on Sarkozy … As the French Autumn of Discontent morphs into its second week (more trains, fewer planes, long lines at petrol stations, banlieues kids indulging in a bit of self-administered wealth redistribution in the streets), no one can predict how things will turn out for Nicolas Sarkozy (left) and his embattled government. And yet this should have been the easiest reform of his first term … The strikes have turned into a referendum on Nicolas Sarkozy – not his actual policies, so much as his style. The perception is that he panders to the rich, an unfair one when you consider his predecessor Jacques Chirac, who never paid for any holiday he took in or out of office. … Sarkozy (whose fortune is the product of selling his family flat for £1.6 million when he was elected in 2007) earned himself, early on, the “bling bling president” tag. Nothing he has done since has shifted the impression that he wants the French to make efforts he will not subject himself and his rich friends to. – UK Telegraph

Dominant Social Theme: The French are crazy and need to blow of steam once in a while.

Free-Market Analysis: Until recently we have been somewhat alone in trying to explain the reality of what was taking place in Europe. In a series of articles, we predicted that Europe would blow up sooner or later, because Europe was basically a tribal environment and, in fact, a patchwork of tribes. In one of our recent articles, we even provided a Wikipedia excerpt showing how the tribes had conquered Rome and then migrated throughout Europe in the next 500 years. To think that Europeans themselves are not quite conscious of their background, or have no tribal solidarity, was naïve in our view.

The tribes are bloody-minded. In fact, Europe has been a cauldron of blood and resentments, much of it whipped up by the Anglo-American power elite for purposes of consolidating wealth and power. But the tribal solidarity and brutal arithmetic used by the tribes to calculate their well-being had not in our view changed much in eons. We felt fairly certain the tribes of Europe would take action once they perceived that the EU was not going to prove a net benefit but would actually have a negative impact on their wealth and property. We recalled the unrest of the 1960s (in which admittedly American intelligence played a part via Operation Gladio) and we predicted that those days would come again.

The EU, in fact, was not providing any other options, or making it any easier to avoid what has now occurred. Either the elite is out of ideas or out of options. We believe it may be the latter (assuming the powers-that-be are not engineering some sort of total implosion for nefarious reasons yet to be fully comprehended.) By insisting that the common man in various PIGS nations pay back large commercial banks that had lent recklessly to those same countries and enriched their political and industrial elites, EU leader were almost inviting (and arrogantly so) what has now occurred. The so-called “austerity” unrest was about this perception. Normal people saw that the EU had bribed national elites to build a consensus for joining – and they didn’t wish to pay the bill.

It’s not just government pensions. Taxes are going up even as services are going down. Distorted private industrial sectors, gorged on the inflationary euro, imploded over the past few years and shed jobs. Harried people have sought shelter in government work, and now the government jobs are leaving as well.
Many economies lie in ruins, and still there are no jobs to be had. Meanwhile, Brussels’ Eurocrats pretend it is the “people’s” fault. Sure governments had been greedy, but ultimately the blame lies with the electorate. So it is said.
The Greeks were the first to reject these assumptions. At the time, the mainstream media shouted in one voice that austerity was necessary and that the public unions in Greece were being unreasonable. The Anglo-American power elite that runs the EU no doubt hoped that anger against public unions and negative public opinion would help neuter protests. It was a clever dominant social theme. The mainstream media was not to cover the protests – which were to be blamed, in any case, on public sector profligacy. There might be protests, but they would easily handled.

Only they haven’t been because these protests are increasingly an expression of anger at how EU citizens have been treated over the years, and how the ever-expanding EU itself has been forced through. For years we have been writing about this. We have watched in wonder as whole nations were made to vote over and over again until the right answer was arrived at by the electorate. When the Eurocrats didn’t get their horrible constitution, they divvied it up into legislation and dumped some of it into a treaty that that didn’t need a popular vote.

The EU is an increasingly, profoundly anti-democratic institution. It has launched a torrent of job-killing regulations at the nations suffering beneath it. It has achieved power by pretense, but those running it behind the scenes no show indication of slowing down. Every arrogant, anti-democratic trick has been used to turn an obscure trade treaty into an over-bearing empire. What worked before will work again, or so it was thought.

From our point of view, the Internet era only made things worse. The truth-telling of the ‘Net noted each phony vote and every contemptuous and condescending statement. People doubtless grew angrier. But, as in America, it took bad times to turn the Internet from a social network into a instrument of freedom. As austerity rumbled across Europe, people doubtless went online and found plenty of chat rooms and alternative news articles to confirm their fears and incite their resentment.

And now they protest. The article with which began this analysis claims that, “no one expected this French revolution.” Au contraire! This has been coming for years. “The strikes have turned into a referendum on Nicolas Sarkozy – not his actual policies, so much as his style. The perception is that he panders to the rich.” Yes, this is another way of writing what we wrote yesterday – that the protests are a kind of class warfare. And we do not believe they will go away any time soon.

In Iceland, protestors chased legislators out the back door of the Parliament building. In Greece, protestors occupied the Acropolis. In Spain and Portugal they marched, and even in Ireland, resentment has started to boil over into activism and violence. In France, where everyone pretty much expected there would be SOME trouble, there has been quite a lot of it.

Germany’s Angela Merkel and France’s Nikola Sarkozy have put their heads together to come up with a solution to the troubles that rack Europe. They want Brussels to be able to penalize countries severely for being profligate; and they want a much larger pool of euro-money to bail out nations that indulge in bad behavior. They want a mini-IMF in other words.

But to get what they want, the dynamic duo will need to reopen the Lisbon Treaty to pan Euro voting. Mostly it will be the legislatures that will vote, and will no doubt do as asked. But in some countries, reopening the Treaty will reopen the whole issue of joining the EU. Countries like Ireland and Britain may end up having further referenda about the EU itself, and staying or going.
Eurocrats want to doom the PIGS to austerity for a decade or longer. Whole generations shall labor under a kind of neo-economic fascism. This is not the Europe that was promised. We have predicted that it may end badly, and we see no reason to revise that forecast now. Perhaps there is a reservoir of good will that we do not comprehend. Or perhaps the EU leader shall manage to impose some sort of quasi-martial law, as some have predicted.

Conclusion: But is that how class wars end? With the middle class muted and stuck in sullen rage? Like the Internet itself, a class war is a process, in our view, and we would be surprised if it doesn’t play itself out in fits and starts not just for several more months, but perhaps for several more years. And the topography of Europe may be much changed as a result. And more quickly than we expected.

The Big Science Promotion Grows Stranger

Friday, October 22, 2010 – by Staff Report

CERN scientists eye parallel universe breakthrough … Physicists probing the origins of the cosmos hope that next year they will turn up the first proofs of the existence of concepts long dear to science-fiction writers such as hidden worlds and extra dimensions. And as their Large Hadron Collider (LHC) at CERN near Geneva (pictured left) moves into high gear, they are talking increasingly of the “New Physics” on the horizon that could totally change current views of the universe and how it works. “Parallel universes, unknown forms of matter, extra dimensions… These are not the stuff of cheap science fiction but very concrete physics theories that scientists are trying to confirm with the LHC and other experiments.” – Reuters

Dominant Social Theme: Isn’t it amazing how real-life imitates the movies?

Free-Market Analysis: In a series of articles, we have explored what we consider to be the risibility of building multi-billion dollar Big Science machines like colliders to enhance scientific understanding. Our point, though we have never entirely boiled it down to its essence until now, is that scientific progress should probably come out of the marketplace (or perhaps from dreamy, brilliant science students dozing under apple trees). It should conform to the modesty of accumulated profits – and certainly to natural law.

The strangeness of modern Big Science goes well beyond its funding stream. As those at CERN grow more desperate for results, the rhetoric surrounding the experiments grows more promotional. This is in fact how the power elites’ dominant and sub-dominant social themes are produced. They begin with ideas in controlled scientific journals and then are rebroadcast through the controlled elite mainstream media and if possible, may be recycled once more on TV or in the movies. Finally, once public fervor has been aroused, the ideas are guided to the public trough for financing with taxpayer dollars.

In the case of the Large Hadron Collider, we are startled to find in the most recent statements what sounds like concepts lifted whole from cast-off Star Trek episodes. Are those running this boondoggle really searching for evidence of parallel universes, extra dimensions, etc? (Yes, we’ve read this in the past but didn’t take it seriously.) It has certainly been the stuff of cheap science fiction for nearly a century now.

Hypotheses such as the ones based on an “electrical universe” have as much or more to recommend them in our humble view. Instead of building a multi-billion dollar tube, scientists might be better off “thinking out side the box.” It is like the law itself. When regulations stray from natural law they tend to not to work very well. One can pass a law, for instance, that all people wear seatbelts, but this is not a “natural law” in that it is impossible to enforce. What cannot be enforced will be flouted and bring more laws into disrepute. Legislation, therefore, that does not hew to natural law tends to be disregarded and, as well, spreads contempt for civil society.

Of course in our view Western canon law should be discarded entirely. It is monopoly law, in that the state passes laws, enforces them and punishes offenders. We would prefer to see eons-old common law resuscitated along with market-based justice. To the greatest extent possible, issues between people and families should be worked out locally or simply face-to-face. The idea that the current legal-industrial complex, with its jailed millions and working hypothesis that “a debt to society” needs to be paid is increasingly hard to justify in our humble view.

And the same should go for science. If someone, or a company, can afford an experiment, then by all means the research should be undertaken. It does not in any sense flout natural law. It is research moored to the market itself. But let a dozen governments contribute US$1 billion each to build a circular track the size of Belgium to crush invisible particles and we fail to see the linkage to reality. Absent the force of government, this money simply would not be allocated.

The best businesses are often built on cash flow. Put cash aside and expand an existing base of business or elaborate on what has worked with new ventures, built from successful ones. The easiest way to lose a lot of money is to start an entirely new business venture massively funded with other people’s money. Why should it be so much different with science?

Does the size of the project make a difference? People fondly point to the Manhattan Project as an example of successful Big Science. But in fact the research had already been performed by Albert Einstein (and maybe others who did not get the credit they should). The Manhattan Project was merely an elaboration of what had already been discovered and proven, at least theoretically.

Perhaps somewhere there is an example of multi-billion dollar government project producing new theoretical results. But we have never heard of any. We are quite aware of the chorus that rises when we present these articles however. We are always told by indignant feedbackers that science has simply grown too complex for any one individual (or even a modest group of individuals) to accomplish anything of merit.

Conclusion: Apparently, one must throw billions at science to achieve anything of note these days. Maybe there is nothing left for the future but ever more expensive superstructures presenting diminishing returns. Is this why the promoters of Big Science increasingly use the rhetoric of cancelled TV shows, some of it dating back decades? We find it odd. Is Big Science indeed merely a smokescreen for Big Military expenditures? Is the Hadron Collider actually being used for more specific and targeted war research? What exactly are they promoting? And why?

Gold Stock Tactics: The GDX Sanity Chart

Stewart Thomson
Oct 19, 2010

1. Do you want to make serious money in the gold market? The large money in gold over the next 12 months is going to be made in gold stocks.

2. Gold bullion at $1000 back in 2008 on the first touching of that key plateau was not the same “gold stock rocket fuel” that it is now.

3. The world view of Gold has changed since 2008. Many of the mining companies have moved forward with their projects, advancing them roughly on target.

4. September/October is not only Indian Jewellery demand season; it is drill results season. It has been a magnificent August and September for Gold Junior stocks.

5. If you have difficultly differentiating between gold stock core positions and gold stock trading positions, I urge you to consider using multiple brokerage accounts to create a clear segregation of those items. Send me an email to if you require further explanation of the difference between a trading position and a core position.

6. This, the ultimate Gold Stocks bull market, is too important to see any one of you take yourself with inadequate market tactics, particularly at this critical point in time.

7. Click here now to view the GDX Lucky 13 Daily Chart. Note the 13 corrections within the power up move from the late July lows. I’ve clearly highlighted each of those with a blue line. Thirteen opportunities to buy, thirteen opportunities to establish core and trading positions in the gold stocks market. Thirteen opportunities to get richer. Who says thirteen isn’t lucky?

8. I was a buyer into yesterday’s GDX lows, buying approx. every 40 cents down. Did I get the exact bottom of 56.51? No. I have zero interest in plopping vast sums of capital into a fool’s gold lotto ticket. My lowest fills were in the 56.80 area.

9. How much risk capital should be allocated to gold stocks tactical buying? If you look at each correction from the July lows, you’ll notice that the average correction is about 2-4%. The Gold Stocks Group are declining, on average, by about 2 to 4%, then rising to a new high.

10. A 1% allocation of total risk capital is reasonable on that amount of weakness.

11. What almost nobody in the gold community understands is my concept of pyramid buying. While I’ve been a buyer of these sell-offs, the monster money is made in responding with a pyramid formation of buying into monster weakness.

12. At some point, the GDX is going to sell off more deeply. When it does, those who are now throwing vast sums of capital into the gold stocks on these 2% corrections, and I’m talking about allocated numbers vastly beyond 1% of risk capital, are going to find yourself on fire again, just as you did at 1156, 1045, 905, 860, 680, and the myriad of previous gold market corrections.

13. Worse, most are not even buying any of these 2-4% “snack packs”, but, horrifically, are actually buying the peak of each 4-6% rise.

14. You are burning money if you are engaging in those tactical actions. Look again at that GDX Chart. Here’s a magnification of the later portion of the chart, using 60 minute bars. GDX 60 Minute Chart. Look closely at each peak. Now look at each trough. In terms of both time and size of the move, you are costing yourself substantial money and piling on risk, by chasing price and buying these peaks; many of the peaks are only barely above the previous one, while they are 4-6% above the previous low.

15. The reality is there was almost a loss of sanity that occurred into the lows of 1156, as there was at every previous correction. You have to buy your personal loss of sanity in the gold stocks market, rather than listen to that insane voice telling you to stand aside or liquidate.

16. Another type of sanity loss occurs on dramatic price strength. That time is now. Or should I say…it just occurred over the past 4 weeks. As many of you begin to grasp the ramifications of what I am telling you, you will realize you have just made a number of severe tactical errors, with percentage of risk capital allocation into gold bullion and gold stock buying at the very top of your error list.

17. Remember my words: Just Say No To Drugs. When price soars, or feels like it is soaring, investors begin to think like drug addicts, drugged into a stupor of crazed action, hooked on the price chasing drug, the ego drug. Here’s a look at the GDX Sanity Chart.

18. This GDX Sanity Chart is the most important chart in the world right now, because it provides a crystal clear picture of the Dr. Jeckyll and Mr. Hyde conundrum that dominates the personality of every gold market investor, and every investor in every market. The GDX peaked around May 11 at a price of $54.63. More than five long months have passed, yet yesterday the GDX traded at $56.51, a microscopic gain of $1.91, which is only 3%!

19. If you bought each 1% decline in price in the GDX using a pyramid formation of buy orders, you are sitting on substantial gains on your core positions, and substantial booked profits on your trading positions. Almost all of the 13 corrections in price from the July lows have produced solid gains, just within the ensuing days following those lows. Almost all of those individual moves produced greater gains than the entire Gold Stocks move over five months, from May to the present date in time!

20. If you bought into the lows of the selloffs in May and July, you are sitting on gains of over 20% on the GDX alone, never mind the GDXJ where you have gains of 50% from the lows you bought. Should I mention the individual junior situations, where those you followed me on the buy in July have gains of 50%, 100% and 200%?

21. Look very hard at the GDX chart. Notice the point I labelled “Gold Community Loses Sanity Here”. It is now 4-6 weeks since the “loss of sanity buy frenzy” began. 4-6 weeks since the gold bullion and gold stock investors “lost it” and began to chase price with tactics devoid of logic, devoid of reason. Four to six weeks since gold market investors became price chasing drug addicts. Worst of all, 4-6 weeks of making peanuts (or nothing) is the payoff for taking all those drugs.

22. If you have unknowingly allowed yourself to become a price chasing drug addict in the gold bullion and gold stocks market, you need to look at how bad your personal situation might be. The key lies in your ability to withstand draw downs. If you sold into past weakness, odds are high you will do so again, particularly if you are now carrying extremely low or even negative cash balances in your gold market accounts, and chased any price in the rise since May.

23. If that is you, and you are now coming down from the price chasing high slightly as you look out your price chasing window this morning and see 20 banksters in financial battle tanks aiming their main unlimited liquidity guns directly at you, you need to understand the reason you are coming down from the emotional high, is because price has stopped going up. The chemicals inside your brain and body are responding to that loss of upwards momentum, and fading in power as well. First the high fades, then a blistering hangover sets in. Are You Prepared?

24. As you think about the 1% of risk capital that I have allocated into Gold Stocks on the current sell-off, and you look at the 50%, 100%, and even 1000% numbers that many of you have allocated on nothing more than a drug addicted price chase, you will soon learn your next gold market lesson; the banksters of China are no different than the American or European banksters. They are part of the global bankster cartel with unlimited money and you are the very last person who will benefit from their actions. The Chinese banksters are not your friend. They look at you as dogmeat. The Chinese Gman is sitting on 2 trillion in cash, while millions of the people he stole it from are in a state of desperate poverty. The Gman and the banksters do not exist for your benefit. They exist to rob you. Regain your sanity. Gold is tanking down to $1352 basis December futures this morning. The GDX will likely blow thru my next buy orders in the 56.50 and 56 area. My buy orders are larger at each pre-set buy point going down, but if you fell victim to the gold market’s price chasing Siren On The Rocks, you are now a helpless cork floating helpless to act, in a state of acute nervousness, unable to respond professionally on the buy to price weakness that threatens to turn into a global bankster-engineered price rout, with them taking all you price-chased. That nervousness could become terror, if the banksters put down their cigars and start pumping the market with ask orders of size. I told you to be patient, but you had to buy, had to shoot up on price chasing heroin again. Now the banksters are coming to unleash The Rain of Pain on all price chasers and the question is:

Are You Prepared?

Are You Prepared To Buy?


Oct 19, 2010
Stewart Thomson
Graceland Updates
email for questions:
email to request the free reports:
Tuesday October 19, 2010
Special Offer for readers: Send an email to and I’llsend you my free GDX and GDXJ Precision (GGP) report! I’ll detail the exact buys I have in place and the exact amount of risk capital to allocate to them, so you can start making the kind of returns the Gold Stocks are offering investors, but the banksters are taking for themselves! Bite into your Gold Stocks apple with precision tactics. This is your last big chance to do it correctly, before the Price Volatility Hurricane hits the Gold Community Flotilla! � �
Graceland Updates Subscription Service: Note we are privacy oriented. We accept cheques. And credit cards thru PayPal only on our website. For your protection we don’t see your credit card information. Only PayPal does.
Subscribe via major credit cards at Graceland Updates – or make checks payable to: “Stewart Thomson” Mail to: Stewart Thomson / 1276 Lakeview Drive / Oakville, Ontario L6H 2M8 / Canada
Stewart Thomson is a retired Merrill Lynch broker. Stewart writes the Graceland Updates daily between 4am-7am. They are sent out around 8am. The newsletter is attractively priced and the format is a unique numbered point form; giving clarity to each point and saving valuable reading time.
Risks, Disclaimers, Legal
Stewart Thomson is no longer an investment advisor. The information provided by Stewart and Graceland Updates is for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple properly licensed, experienced and qualifed investment advisors and get numerous opinions before taking any action. Your minimum risk on any investment in the world is 100% loss of all your money. You may be taking or preparing to take leveraged positions in investments and not know it, exposing yourself to unlimited risks. This is highly concerning if you are an invetor in any derivatives products. There is an approx $700 trillion OTC Derivatives Iceberg with a tiny portion written off officially. The bottom line:
Are You Prepared?