Wednesday, January 20, 2010

REJECTION...REVOLT...RETARDED

WTF Cares. This is all red meat for the sheep. Sorry if you think this is anymore than the real power letting you think you have a voice. LOOK WHO YOU JUST ELECTED TO THE SENATE SHEEP! This schmuck is a country club schmuck owned by the party that gave you 100:1 leverage and CDOs.. Too Rich. As you lean back this morning and pound on your chest sheople...remember what it is you feel getting pounded up your back side. Just amazing how short our memories are. Oh well if the noise soothes you then enjoy.

We needed health care reform but there was never going to be reform. In fact....I expect the current bill from the senate to pass......just watch. It is a give away to the insurance companies. A complete taxpayer sellout er..rape. Look at it this way Bush engineered the biggest taxpayer giveaway in history with the Medicare Drug bill. That was a no bid give away to Big Pharma. So you tell me who this bill benefits. I assure you that the PTB is just fine with the bill. Republicans have a new sheriff in the senate now and to show you who really runs the country I bet this bill goes through.

Next...to the game at hand since the former is a joke. SSRI had news its CEO resigned I had a position and will dump half. JAG should fall further. Miners may be in pullback now.....will wait and hope. DTO looks good....added small at close..hope it sooths my SSRI loss today.....futures coming back slowly now.....have fun gl.

bump comment..be aware of this issue traders don't get sidetracked by the noise about the dollar...

Contrary to what the " so-called gold experts" tell you, a falling dollar is bad for gold stocks because mining costs go up. What the gold miners need is a strong dollar with the price of gold over $1000 to keep their mining cost down and margins higher.

13 comments:

  1. You are correct we need Health reform. The problem is this bill that is in the Senate and The House IS NOT health reform. True reform looks at all of the options. This bill is not even close. Like Dean said when asked about tort reform in relation to Health reform. We can't go after everything. Why can't we...because the lawyers line the Dems pockets. Our system of government was set up to be a limited government with THE PEOPLE representing the people. We have pro's representing the people and that needs to change. I say fire every incumbant in office and cut their pay and only have Congress in session 2 weeks a month. LIMITED GOVERNMENT is the way to go.

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  2. What few people around me and online completely fail to grasp or realize is that the US health reform is entirely about trying to meet the minimum standards of CODEX ALIMENTARIUS, which is global health reform. CODEX is just one part of the UN's comprehensive Agenda 21, which will impact nearly every aspect of our lives. Most countries have signed onto Codex, and most have met the minimum guidelines for implementation. The US needed a complete overhaul to meet the minimums. Once all countries that have signed the agreement have met the minimums, Codex will pass as a world standard for health care, under the WHO and the UN. Look it up if you don't believe. The ignorance around this is a testament to how much people still rely on a trust the mainstream media.

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  3. The reason people still trust the mainstream media and are ignorant of CODEX is because people are, as individuals, afraid to NOT watch the mainstream media. They are scared they will be socially isolated and out of touch, and they would be. Most people live the illusion of lies and are sheep. Do you want to live a life of lies and illusion, and be a complete pussy of a man, or do you want to live a life based on Truth and reality? Which pill will you swallow?

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  4. Nice action today with good miner takedown......will try to make a trade but just in case ...won't get too greedy .....traded DTO and am waiting for the swing.

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  5. I agree nice action I have started to add to long position of GLD SLV GDX GDXJ AUY FCX also added PEP and PG after selling some yesterday at close nice scalp thoughts on GFI Its had some nice price action in the past. Not sure what to make of oil. I like the DTO trade but I use SCO. I think it might have a chace to go to the 60's in the next few weeks

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  6. I am shorting SSRI, SLW, and JAG today, beautiful.

    palmer

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  7. Is it still buy on the dip playing for a 1200 end of month?
    Today will get all Prechter's followers panties wet and they will dive in all short screaming P3 is here P3 is here...
    Could add all the more fuel for a snapback rally as the bears once again get trampled. Kli would love to hear your thoughts on the day. It's been quite a while where we have seen this sort of volatility and movement.

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  8. I dont see 1200 end of month(but possible) if we get 1180 that would be it this month IMO..but understand that is only my guess....they will take us down in first three mo at least 8 to 10 % after that take down we should get bounce...take down could be now....or they may totally destroy shorts with the same movement you saw in nov dec with a range of 1080 to 1115 area.....be aware and adjust accordingly...if they chew up my miner trades then I hold till 1030 -1070 area as discussed with palmer....I just think they like grinding the shorts here so they are scared shitless to be in the market when they do correct...(they are really slaughtered now so this could be it)

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  9. All,

    Contrary to what the " so-called gold experts" tell you, a falling dollar is bad for gold stocks because mining costs go up. What the gold miners need is a strong dollar with the price of gold over $1000 to keep their mining cost down and margins higher.

    palmer

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  10. Kli, this guy has a blog called cotstimer...here's what he says:
    Huge shift in some of the markets last week in the Commitments of Traders data. As you can see from my latest signals table, the data for my trading setup for the BKX U.S. Bank Index has moved dramatically to a bullish outlook. The two-week trade delay for one of the signals is the only reason the setup has moved to cash, rather than outright bullish. However, the jumps in the large spec and small trader total open interest are quite bullish as that data is well correlated with next-week BKX prices.
    In the S&P 500 data, the small traders, the wrong-way money in this market, are a tiny hair away from getting so bearish that it would push their signal into the bullish column. Like the COT data for U.S. financials, there's some kind of sea change happening in this market, too. The "smart money" commercial hedgers are also gradually shifting positions to more bullish territory, though they're still a little dubious about being overly long.

    Also a big shift taking place in the 30-year U.S. Treasury bond COT data, where the small trader total open interest has shot up. I fade this positioning, so this is actually potentially a bearish development for the bond. In gold, the large spec total open interest has made a dramatic move to the upside - again, a bearish turn of events. Meanwhile, in crude oil, the commercial traders, whom I trade alongside, have gotten mega-bearish. That setup has just gone to cash, which makes five of my setups in cash (out of seven). A lot of indecision out there, but it feels like some kind of major shift is partially under way. Good luck the rest of this week!

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  11. Nice anon......interesting on the 30y bond.....I know its coming but I think they ride the QE a little longer....we will see. Market need some air out of it bad....but they may grind a little further any way still over 50%cash sitting waiting

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  12. Kli thought you'd get such a kick out of this:

    http://www.youtube.com/watch?v=n3CKeJ8hYJk
    \

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  13. Another home run, Kli! Unfortunately the ball hit me right in the mouth.. I was just daring to hope that perhaps our political system was finally so broken (or fixed) that the government might flail on it's back like a turtle for a while.

    If they ram this through anyway that will scare me, because phony finance reform will be right behind it. Hell that could be even easier since Hungry Hungry Bankers has been a guilty pleasure of the republicans. One or two will probably wander over for that party, maybe even bring their own marbles.

    And yeah none of this has much to do with whatever jerk got elected in Mass. We need third and fourth political parties to get this back in hand. With only two directions of motion, like a train we are unable to steer our course. We can hurtle out of control in one direction or another or we can halt progress entirely.

    More political parties bring more to the table than just their own ideas, their very presence would force the existing parties to change their ways to compete.

    What I fear is that modern conservatives are so turned-off to the idea of universal health care (and btw conservatives these dem plans are not "universal") that even if we get an intelligent party in power they won't be able to give us the single-payer system we actually need. That system of course would be BAD for fat-cats so not even a democrat would dare try it.

    Also BTW conservatives the dems aren't socialists they're corporatists. Like the republicans, but sneakier. So sneaky in fact you all think they're socialists. Socialist like a fox!

    After all the repubs had fear on their side all 8 years, ask Machiavelli you can get away with damn near anything when people are afraid. The dems need to funnel money to the wealthy more discreetly because they got stuck with "hope" instead of fear. Regulating away the competitors of their economies-of-scale sugar-daddies of choice as an example. Or perhaps toothless "regulations" that act as assurance to said industries that no real oversight is coming anytime soon, so loot away.

    Corporatism is like socialism but the money flows in the other direction. Instead of rob the rich give to the poor (socialism) this is rob EVERYONE (even the less rich) and give to the rich.

    Do you want them to rob you or do you want us to help them rob you? Some choice..

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