Sunday, September 17, 2017

ITS ALL BULLSHIT BABY

Sorry to inform you but you're about to find out (if you haven't already) that everything you thought was real is just one big shit sandwich. Oh no? Not John Wayne? Not the Duke?


How about that college education that promised you the suburban McMansion and a six figure income? Its fake. Its all one great big pile of shit served to you cold on a stale bun of corruption. Unless you are in one of the degree programs in science, math, engineering, medicine, then you just might find all of your time and money will be wasted. You have to be targeted for your future with focus on where AI and automation is not going to be replacing you.

Biggest Hedge Fund Manager In The World Warns "Bitcoin Is A Bubble", Says Gold Is Money

S&P Overtakes Gold Year-To-Date


Maybe you think the retirement in your current job is going to carry you through this transition? If you think I'm going to waste your time telling you this is bullshit then you haven't been reading this blog. You better get ready to retrain for two maybe three different careers in your lifetime as this acceleration into AI ramps up.




Maybe you think we can change all of this through an informed public and then through the legislative and judicial process.....for the greater good of course. I'll save you time on that .....Not even a snowballs chance in hell. Justice Roberts wrote both sides of the court's opinion on Obama Care and no one gave two shits.







What’s going on Budttfox?  Do you know something?  Remember, there are no shortcuts.
Quick-buck artists come 
and go with every bull market, but the steady players like the PM players
make it through the bear markets.





Maybe the alt right or internet will make enough of us awake to bring in the leaders that will make a difference. Wait...didn't the Don just dump all over Assange? That's right the same wikiwanker that helped him get elected through the internet. The Don.....next it'll be the Rock. Dwayne Johnson will lead us out of the valley of shit to the garden of Eden. He's not only a wrestler, but a great actor and JOCK to boot. I just can't make this shit up anymore......its 
REAL TIME!  


Kyle Bass: China's $40 Trillion Banking System Has "Largest Imbalances I've Ever Seen" relax Kyle its chump change


Next thing you know some sawed off dictator that we created out of a Dickens novel will be firing rockets at Japan and threatening to nuke us on a weekly basis while the leader of the free world tweets his has a bigger one and isn't afraid to use it.

Or maybe I'll hear some of the sharpest precious metals advocates for hard currency  promoting a digital currency backed by buffalo farts. Nahh that would be to stupid to believe. Put your money on a key stroke.

You have to admit that when this whole facade fell apart in 2008 and we took the red pill and started to open our eyes and talked about how bizzarro this fraud might become, I know that I never imagined this shit show.

Stay alert and stay patient and don't do any prepping. Especially if you live in neat places like Florida or South Texas. Prepping is ignorant. Last of all don't invest in precious metals.



Saturday, September 9, 2017

GOLDMAN GOES FULL GOLD RETARD SIGNALING COMMERCIAL FAILURE


You have heard about this for several years now and eventually the Tiger shark had to change to the long gold side. After all Goldman will always be one step ahead of the rest. They are the best and the rest are just that.....the rest. It was always going to be the physical market that forced the hand of the paper market, but the timing was indeterminate and the retail couldn't handle the pain. 


Egon von Greyerz weighs in on the pullback in gold… 

“The longer trends of the dollar down and gold up will continue and it will accelerate in the coming months. But we must be clear that it is never a straight line. There will be pullbacks in gold and countertrend rallies in the dollar. But gold has still been the best performing asset. We have had this big move in gold and technically and fundamentally it is holding up very well.  And it won’t be long until we will see an acceleration in the rally. We will see a quick move to $1,370, followed by a break above $1,400. At that point the upward thrust in gold will become more violent.”


Paul Craig Roberts Rages At Americans "Laughing All The Way To Armageddon"


You could see that "someone" big is on the long side of the Comex paper gold trade for a couple of weeks now. Every time the thinly traded hours of the futures pricing market took a major price hit, "someone" stepped in and reversed the takedown with "buy orders". That ain't retail folks....and it was a big player that was sending a message to the rest of the paper market. There's only one player big enough to handle that kind of muscle. The physical off loading at cheap prices to the East is now ending and the payoff is complete. The transition from the dominate dollar reserve currency to a currency system with significant Yuan presence is now becoming more apparent. In short we are now in the "quickening".




The quickening can be measured in months now with weekly news events giving you more visibility on why physical gold will be used as a proxy in the coming currency war for both sides of this conflict. Goldman's Jeff Currie just hit you in the face with a two by four. Maybe you didn't notice because you're still unconscious so let's review a couple of quotes from the top of the commodity empire heap.


Tuesday, March 11, 2008, On Mad Money

Dear Jim: “Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?” – Peter
Jim Cramer: “No! No! No! Bear Stearns is fine. Do not take your money out. Bear sterns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear. That’s just being silly. Don’t be silly.”

“It is tempting to blame the rally in gold prices on recent events in North Korea. While these events have helped to create a bid in gold, they only explain [roughly] $15 of the more than $100 [per ounce] rally since mid-July.”

We find that gold can effectively hedge against geopolitical risk if the geopolitical event is extreme enough that it leads to some sort of currency debasement, and especially if the gold price move is much sharper than the move in real rates or the dollar. For these events, gold essentially serves as a call option and can therefore be thought of as a “geopolitical hedge of last resort.” For example, gold served as an effective hedge after the events of September 11, 2001 when the US Federal Reserve substantially increased dollar liquidity, debasing the US dollar. Gold also proved an effective hedge during the Gulf Wars as governments printed money.

The importance of liquidity was tested during the collapse of Lehman Brothers in September 2008. Gold prices declined sharply as both traded volumes and open interest on the exchange plunged. After this liquidity event, investors became more conscious of the physical vs. futures market distinction and began to demand more physical gold or physically-backed ETFs as a hedge against black-swan events.   Yours truly the Vampire Squid.


“Markets Are Wrong”: Hugh Hendry Shuts Down His Hedge Fund;


Ok so here ya go....straight from the lips of our masters to yours. They always tell you before it happens. That doesn't mean they haven't been behind the slaughter of gold prices and accumulating the yellow metal and miners while you've been selling (of course they have) but that's crying over spilled milk. So go ahead and whine like Buttfox about how they took all your marbles and made you buy DGLD at THE bottom of gold and how great NFLX and Amazon are, but rest assured the Boyz are long gold now. It may not be a straight line to the moon but they've been long since 2015 just like Jim Sinclair said in the Greg Hunter interview. They just wanted to shake you up a little while they kept taking your casino chips.

Its 3 PM central time Saturday and the people in Florida look like they are going to take a beating. If you pray then I hope you keep them in your prayers. gl to all of you















Saturday, September 2, 2017

THE SOUND OF HORSES

The coming resolution. Your friends think you're a nut. They laugh at you behind your back and snicker about your warnings of doom. You're finished with it. You've had your fill about just how wrong you've been and how much money you lost on not being invested in great stocks like Tesla and Amazon. How could you have been so wrong? What made you think you were smarter than the THE greatest economic minds working with the Fed. After all, you knew the mantra of "Don't fight the Fed". You knew these guys could stop anything and do anything they wanted. After all they even told you they would "Do whatever it takes".




They are indeed omnipotent. They can juggle dozens of countries and their collapsing economies while stating categorically they are in full recovery. In fact, they are recovering so remarkably that ZERO interest rates can, in fact, now be raised. What an incredible accomplishment! How can you not be impressed? They did it. Not only were they able to print TRILLIONS of paper ponzi bucks, but they did so while keeping gold under 1300. How can you NOT appreciate such a remarkable achievement? Truly an awe inspiring accomplishment.


Vault Containing $70 Billion In German Gold To Be Evacuated As Frankfurt Defuses Massive Bomb


So WHY all the angst? Why is Rothschild closing out so many paper investments now? So why is Dalio, Druckenmiller, and Gross suddenly sounding the warning siren? They were ponzi pumpers but now they're alarmed? But the Buttfoxes all were so certain the Fed could make this circus go on forever. What's wrong with letting your stupid ass neighbor have a credit card with no limit? It makes perfect sense.


De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold....I'm sure that won't leave a mark....


Simply put, they've pushed the ponzi as far as nature will allow. Now our dollar is having its battleships stopped dead in the water and rammed DEAD CENTER by merchant ships. The dollar is backed by the military only. The dollar is in its last stages. It may not dump immediately but its days are numbered in months instead of years. This year has been a lead up to September. Its now all hands on decks as the soldiers return from the Hamptons. Get your seat belts on. The boyz are back in town Tuesday.








Saturday, August 26, 2017

THE QUIET BEFORE THE STORM

I remember like it was yesterday in August 2015 during a quiet two hour drive back home from a job in the western part of my state. I was relaxing and catching up at around 830 PM and listening to CNBC Asia on my satellite radio. They were a little more animated that night with the Chinese Yuan devaluation just announced and the effects on the Asian markets. China futures I recall were taking a drubbing and were going to open within the hour. They exchanged comments on the effects this announcement seemed to be having on global futures and how many points the U.S. markets futures were crashing. 


Shocking Drone Footage Shows Harvey's "Unprecedented" Devastation, "No Parallel To Any Rainstorm In US History"




We were 6 years into the manipulation of global markets so I assumed this was another beta test that would be resolved with little fanfare by morning when the New York markets opened. For some reason which remains unclear, they allowed New York to open 1000 points down before cutting off the carnage. Eventually markets stabilized over the next few weeks after three chemical plants in China were destroyed by "explosions". China's markets were essentially nationalized with most stocks being closed to trading or closed to "buy only" orders. Of course our press dismissed this as just normal market stabilization antics and pronounced our markets normal too.


$1300 Take Out BIG TIME! (Silver Nailing it Too!)


At this point we were in a confirmed technical major Bear market but with almost no commentary on the mainstream media of this important fact. Within a few weeks the algobots returned the market to a "comfortable" trading range and life seemed somewhat normal for us. However the damage had been done to some very big players and by December people like Dalio, Druckenmiller, and Soros announced they had taken Gold positions in the paper gold market and gold mining shares. Over the next 8 months a lot of money was made in these shares, before the profit taking was begun in earnest. 




Why did China do what they did with the Yuan? No one talks about it now, but it told me that when the change comes in the global monetary order, it just might be without a lot of warning. I don't think its theater when warning bells are being sounded again by the Dalios and Drucknemillers. You better listen to the big money. They see something they don't like out there and they didn't make their bones by being chicken littles. It ain't "all good". Its actually a lot worse now than 2015. Does that mean its going down in the next week or two? Obviously no one can predict that, but I would pay attention to this calm. You always look up at the calm before the storm. It might save your life.









Sunday, August 20, 2017

THE BULL IS ABOUT TO GORE

Funny how depressed all of the traders are in the metal's trade. You would think the massive move in the miners off the 2015 bottom would have left the holders of these shares in a better mood, but sentiment has been destroyed. Maybe worse than the 2015 December bottom, and I thought that would be impossible to worsen. If you had bought and held in December of 2015, you would still be up a double or triple maybe more, depending on which miners you held. 


Lior Gantz Warns Against Looking Into September and Says “IT’S STARTING NOW”



Mnuchin Visits Fort Knox, Says "Gold Is Safe"


Of course the better course of action would have been to sell after you had a 7,8 or 10 bagger last year. Of course most of us didn't take that course of action. What's more problematic is that many retail jumped on the miner trade after it was obvious it was well into its new bull market and have been crushed by the pull back. That is how a key sector bull market works. It does not want anyone on the trade that doesn't "belong" on the trade. They have NO intention of letting the dogs get a bone on this sector. It will be a cold day in hell before the give you a CRUMB off of this table. 




I'll stick with my pathetic strategy of staying long in this sector and will take everything the boyz throw at it, but I'll take my chances compared to owning the ponzi pump stocks like Uber, Netflix, and Amazon. I also think the digital currencies will have a future but right now I smell a lot of pain for this tulip trade so beware.

Just remember how quietly and how powerful the initial miner move was in 2016. It wasn't until well into the move, that you really started hearing noise on the miners. Stay tuned. If you have to play paper, you're early in this bull move, so enjoy.