Wednesday, January 13, 2010

MAJOR STRATEGY CHANGE

NOT....Just more of the same today. In spite of the hearings today the ponzi lives on. So do not despair the trade will survive. The beauty of our current strategy is that with the manipulation continuing we will be able to maintain an active trading status for at least a year.

Our real problem will be a year or two off if markets start to break down....but that is another issue and I promise to bring this up later.

Gold up so miners will trade nicely. DTO still strong.

Will burry my sister today and thank all of you for your condolences. Life goes on. She was a tortured soul and is in a better place.

23 comments:

  1. Hi Kli - my deepest sympathies. I'm sure many can't imagine what you have and are going through, I know I can't, all I can say is I'm sorry.

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  2. My Condolences to you and your Family. May your Sister's Soul Rest in Peace....

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  3. Temo & Analyze,

    The same gap trading pattern as couple of sessions ago for SWC, just like yesterday SWC dropped 0.70 to 11.50 and now back up to 11.80, the 0.30 gap which SWC keeps giving you daily is an excellent trade, boom!

    palmer

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  4. Now 0.40 gap from low of the day for SWC, beautiful.

    palmer

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  5. Palmer, looks good, MCD also showing some mojo today if you want something in a pretty good uptrend with strength today. - Analyze.

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  6. Deepest sympathies Kli. Good time to take a break and have some quiet time, the trade are pretty much automatic at this point if you are still playing miners.

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  7. SWC looking good, nice come back from 11.50.

    palmer

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  8. Analyze,

    Keep your eye on Palladium metal price itself, that determines where SWC and Pal are doing. 14 dma on Palladium is 400, 50 dma is 371. Lots of fun. This yr is going to be traders heaven if you do the work and stay savvy. FED's behavior is the key.

    palmer

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  9. hi Palmer - do you think Palladium will run with Gold long term or is this just a nice trade for the short term right now?

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  10. Anon,

    The answer to your question resides on how you answer the following, if you think Dollar is headed lower then the metals will go higher. Palladium is differnt than Gold. Gold is a precious metal and real currency, so deflation or stagflation Gold will have great value. Palladium does well during economic prosperity OR stagflation. 2009 was the yr of buy and hold, from now on you need to be a savvy trader, if you can not do it then stay away from the market and just have physical gold. The next time to buy and hold for longer period is late 2011 thru 2014 and that would be short and hold equities.

    palmer

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  11. Also do not forget we are in overall deflationary super-cycle with periods of stagflation, Mid 2011 thru end of 2014 is when the last part of the real down cycle begins and when it does, the only metal that rules is GOLD. This yr is an excellent yr for trading.

    palmer

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  12. Anon,

    Speaking of trading opportunities, SWC is a good example. Last week it had an explosion from 10 to 13.50, dropped to 11.50 today and now it's around 12.60. One dollar swing from today's low in couple of hrs. Market this yr will give you these opportunities. DTO was another one, couple od days ago it hit 60, today went up to almost 69 before retracing. Lots of money to be made thru trading this yr.

    palmer

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  13. Repeating to the point of redundant repeating....the only safe longer term play for 5 years is physical gold or silver..... as joe red and others have stated...this blog has trades but I have to be forthright and recommend that if you have cash put at least half in gold....if you wish to try and beat the ponzi ...then be prepared to take some ugly swings if you get on the wrong side of the trade. Lessons I learned the last 12 months are dont play the ultra short etfs....esp proshares...go one to one shorts ....such as SH or DTO is an ETN short...that has min decay ....but oil is a mdrfker with the print money coming.

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  14. AUY stunk it up but SSRI came through.....DTO also was nice trades today......

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  15. You sure can say that again.... whats up with AUY ?????

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  16. That was a false setup on DTO/OIX from last night, it either works or fails grandly, the latter being true today. Good trading day, notice that reversal to not allow more than 15 pts down on SPX...on a related note, I may have stumbled upon a ponzi multi-timeframe retrace setup today, especially the order-clumped ones to take stops out - need to look at that one a lot more to be sure, I'll start researching it more. I may sidestep OPEX, also need to be out of town after Tuesday next week a couple days.
    Kli, hope all is well and you are holding up with the news you posted this morning. - Analyze.

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  17. Doing very well....good to spend time with family that I have not for many years....trading as red said was automatic with most of the miners today and dto

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  18. I got SWC when the upswing off the low hit 11.65. had bids on PAL and SLW that didnt hit but both were good plays as well.

    EGO looks like the strongest of the gold miners

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  19. So sorry for your loss kli. Good time to smell the roses; appreciate being alive; enjoy time with loved ones.

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  20. sincere condolences to you.......

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  21. Sorry to hear that man. My condolences.

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  22. Sorry about your sister.

    -ANO man

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