Pitchfork Playground Weekly Newsletter

7th Edition, 24 November 2013

Bienvenidos. gentle readers — welcome and thanks for spending some of your valuable time with us

We are going to continue planning this week for our potential Long Gold Campaign in 2014 and we wanted to set the tone with a poignant quote or saying — we found two:

Gordon Gekko. I don’t throw darts at a board. I bet on sure things. Read Sun-Tzu, The Art of War. Every battle is won before it is ever fought.

Proverbs. Make new friends but keep the old ones; one is silver and the other’s gold.

The first quote reminds us that what we are doing is serious business. Putting our hard-earned capital at risk is not to be taken lightly. Approaching the task of investing/trading with a warrior’s mindset can keep us sharp and focused. We are currently planning our battle strategy for going long Gold in the next big price decline and our intention is to win this battle.

The Proverb is usually cited in reference to friendships between human beings where new friends are analogous to silver and old friends are like gold on a relative value scale. We cite this ancient wisdom here to demonstrate that human beings have an affinity for the precious metals. This Proverb is meant to inform and shape the lives of those reading it and it is using language that is relevant to those people. Human beings intrinsically know that silver and gold have real value and that is why these cold, hard metals are being referenced in a treasured collection of human wisdom. As we prepare for battle we want to keep in mind that we are fighting for something that has real value — we aren’t girding our loins for some fad stock or an IPO from the latest internet business that has no idea how it will ever make a profit.

Before we dive into battle-planning or go off on a tangent ranting about the precious metals let’s look at some economic events from last week

Economic Highlights Last Week

There were two events last week that could be of major significance — we don’t have the depth of knowledge to understand the many nuances or intricacies of these events but we are making note of them and adding them to the radar for tracking

Iran nuclear deal reached

Ukraine chooses Russia over Europe

From our perspective, these events are all about energy and pipelines — the recent fracas over Syria falls into the same category — Saudi Arabia & the Qataris want to put a pipeline across Syria and it would be convenient to them if the Syrians weren’t there anymore — they’re pissed-off now because the US didn’t do their dirty work and remove the Syrians — similar situation with Iran and the Israelis — the Israelis are going to be pissed now that Obama is playing footsies with the Iranians since the Israelis see Iran as a mortal threat — and of course striking a historic accord with the Iranians at this particular point in time has nothing to do with distracting the sheeple from the debacle that Obamacare and healthcare.gov has become.

COMEX Gold — monthly price chart — Pyramid Buying Strategy