Friday, January 22, 2010

NO DICE MR. PRESIDENT

Your dog and pony show yesterday isn't flying with this sheeple. We know who you are in bed with. Now we are supposed to believe you have suddenly recieved religion? Hehehehe.....TOO FKN FUNNY. So let me get this straight...after your dog and pony show we are supposed to believe that you have turned on your masters after hooking your horse to them for the past year and a half. That suddenly you have recieved religion? A revelation? I don't think so.......at least I remain supremely doubtful. Fool me once shame on you .... fool me twice shame on me.

As a citizen you should be outraged by the supreme courts decision yesterday that was masked by the Presidents dog and pony show. That was a clear signal the you are completely ruled. The arrogance of the cabal is unbounded. Simply....you and I are powerless.

We can protest this in our own way though. Don't use credit cards when you can use cash. Decrease you expenditures and waste. Save with bullion gold and silver. generate your own electricity. Decrease gas consumption. ie. DONT FEED THE PONZI

Back to our Ponzi.....the market. Watch today for an upside trade SnP right on the 50MA.
http://stockcharts.com/charts/gallery.html?$SPX

I still think oil has a way down too....BUT it also is in a key turn area...so be cautious with DTO ...the easy money was oil at 84.
http://stockcharts.com/h-sc/ui?s=$wtic

I don't like the short bus today and will try to trade the miners if we gap down a lil....At least a bounce to 1129...gl gang

7 comments:

  1. Marc Faber says to sell equities and buy the yellow metal.

    He lives here in Thailand married to a thai lady but not one who is as good looking as mine.

    I agree we bounce here. 1107 should be strong support and it should be tough to crack 1130.

    Watching XRA for a break of $7 and PAL around $4. Maybe add to JAG when Joe covers, hehehe

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  2. So is the pres talking about investment banks? Many of the banks, weren't banks before the crisis, and probably will drift back to not being banks again until they need help again. They came crying to to be recognized as banks so they could get protection. Now I believe they will drift back to being investment banks. You know, those entities that reap all the rewards, and let the shareholders assume all the risks. I don't think all of this would have happened when they were true partnerships. That is one of the things that absolutely galls me about these folks and the relationships they have with the gov and the fed. JMHO

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  3. All,

    Covered my shorts on JAG at 10, I was heavily short at 13. Gold is at 1087, as I said yesterday watch and see if 1075 is tested and whether it holds or not.

    palmer

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  4. The 200 DMA on JAG is 9.82, it seems like JAG has strong support around 10, let's see what happens.

    palmer

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  5. big buy waitin if gold turns big green candle off the 1070 area

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  6. Temo,

    Good trading day for PAL and SWC.

    palmer

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  7. All,

    For those of you playing SWC and pal, keep your eye on physical price of palladium:

    Palladium price is at - 14dma = 434.83 / 50dma 388.04

    The metal is bouncing near it's 14 day moving average, if it falls below the 14 dma average, the next resistance will be a near 408, then 388.

    palmer

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