Thursday, April 1, 2010

MASSIVE ARRESTS ON WALL STREET TODAY! update I

Ummm no. After 2 years of the collapse of our financial markets with the most incredible fraud ever perpetrated on our country....not even one senior executive on Wall Street has been arrested. Thats right ARRESTED.... NOT EVEN ARRESTED.

Of course that is the case. The fraud and corruption is so systemic that our country's government is paralyzed. Crony capitalism is alive and well today. Our country has become lost. The financial segment of our GDP has risen from around 5% to almost 40% of our GDP.

We have one sixth ....ONE SIXTH of the FBI agents investigating the corruption on Wall Street that investigated the Savings and Loan scandal in the 90's. There were thousands arrested then ......none now.

There.......I feel better. Watch for yourself. Bring a puke bucket.

http://seekingalpha.com/article/196415-bill-black-the-finance-sector-is-a-huge-parasite

Continue to tread carefully here. Remember the purpose of long consolidation phases in stocks is to get the weak hands to puke their shares up. The current phase in miners may continue for several months. So enjoy life. If you are a trader. Keep your eyes also on CNAM S VECO etc....also look at a stock I brought here several months alo at 16 ....CBST. Again it is a trade but a REAL company. Just as Joe's ALU is a REAL company. My safety net is physical gold. I really don't care what the slimeballs do with it in the next few months. gl enjoy your weekend

thnx CBS......this is pure and simple what will eventually be forced by the law of nature.....we are in this NOW.......right now. It is insidious and will be unrelenting.

http://finance.yahoo.com/tech-ticker/u.s.-standard-of-living-unsustainable-without-drastic-action-former-top-govt.-accountant-says-458329.html?tickers=^dji,^gspc,dia,spy,tlt,IXJ,xlv

update I NEW YORK, April 1 (Reuters) - U.S. gold futures finished
higher Thursday after rising to a two-week top, gaining more
than 1 percent as an oil rally and better risk appetite across
the board boosted fund buying ahead of Friday's jobs report. * For the latest detailed report, click on [GOL/]. GOLD * COMEX June GCM0 settles $11.60, or up 1 percent, at
$1,126.10 an ounce. * Range $1,112.30 to $1,129.10 - loftiest since March 18. * A combination of rising oil values and a rally on Wall
Street improved investor sentiment across all asset classes -
traders. * Gold in a broad upward channel; a break of $1,135-1,145
could see prices retest record high set in December - CitiFX. * Long position at June gold at $1,124.50, while stop-loss
order at $1,084 - CitiFX. * If stock market rallies, gold equities should outperform
gold bullion - Rick Bensignor at Execution Noble LLC. * Gold equities gauge Arca Gold BUGS index .HUI jumps
more than 5 percent, surpassing the 1 percent gain in bullion. * Gold extended gains on the first trading day of the
second quarter, after rising only 1.7 percent in the first
quarter, outperformed by the platinum group and silver. * U.S. commodities and equities markets to be shut on April
2 for the Good Friday holiday, while the bond market will be
open until noon New York time (1600 GMT). * U.S. nonfarm payrolls report still scheduled to be
released on Friday. [ID:nN29205959] * COMEX gold final volume at a modest 108,590 lots.
* Spot gold XAU= was at $1,124.80 at 3:28 p.m. EDT (1928
GMT), compared with $1,112.80 late in New York's previous
session. * London afternoon gold XAUFIX= fix $1,123.50 an ounce. SILVER * COMEX May silver SIK0 ends up 36.4 cents, or 2.1
percent, at $17.890 an ounce, as less-liquid silver outperforms
gold. * Range $17.475 to $18 -- highest since Jan 21. * COMEX gold final volume 30,905 lots. * Spot silver XAG= at $17.84, versus $17.46 late in the
prior session. * London silver fix XAGFIX= $17.69 an ounce. PLATINUM * July PLN0 finishes up $28.70, or 1.7 percent, at
$1,675.60 an ounce on economic optimism. * Platinum group focusing on U.S. auto sales data to be
released later Thursday. * Spot platinum XPT= at $1,662.50 an ounce. PALLADIUM * June PAM0 closes up $11.40, or 2.4 percent, at $491.35
an ounce, on better outlook for global auto demand. * Spot palladium XPD= at $486.50 an ounce.

41 comments:

  1. Kli, interesting lil vid.
    http://finance.yahoo.com/tech-ticker/u.s.-standard-of-living-unsustainable-without-drastic-action-former-top-govt.-accountant-says-458329.html?tickers=^dji,^gspc,dia,spy,tlt,IXJ,xlv

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  2. puke bucket is right. I would have added how to destroy a country.

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  3. If no one believed the ponzi trades the futures, how about the ramp overnight just when the technicals were on the break point. Nauseating. - Analyze.

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  4. take a look at DTO hehehee....joe will slap me but it is getting very very tasty.......

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  5. Analyze...AGREE!!!!!!!!! TXB

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  6. Wow, that one is getting hammered pre-market. Watch the gap. - Analyze.

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  7. SOL up nicely!

    Joe

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  8. Temo,

    I am trading SOL today.

    Joe

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  9. Yeah, watchin the solars too huh Joe? They seem to have a nice lil trading range goin. Really vulnerable to news and political policies in Europe, but are trying to grow other markets. I love this sector. My watchlist has CSIQ, SOL, JASO, LDK, SOLF, STP, TSL, YGE, SOLR (Top three are CSIQ, TSL, and YGE )I view these as long term holds. 5 yrs or more.

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  10. All,

    check the historical prices for SOL going back to couple of yrs ago, the lowest it got was $2. I like this one.

    Joe

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  11. For those of you who like to buy and hold SOL is a good deal, worst case scenario is stock droping to $2 if market crashes, now at $6, so it gives you nice $4 room to average down and add in worst case scenario. 52 week high is around 8.

    Joe

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  12. Thanks as always, great information. Having sucess with mvis, s, kfn, gold/silver also. will put sol on the watch list. Have a wonderful long week-end. - Nancy

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  13. Joe is salivating on SOL.......so be aware

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  14. All,

    This yr I am a trader which means I make my money and do not hold for longer period, how ever that does not mean you should do the same with EVERY stock I bring in. It all comes down to risk vs reward, for SOL at this level risk vs reward is in your side if you are a buy and holder. I mentioned to kli to buy 1000 shares at current level and IF SOL droped to 4 then double or triplr your shares and in the worst case scenario then load up. If SOL was a $10 stock now then risk and reward would not be in your side in the down turn case but since it's $6 you can afford to average down and take into consideration thw worst case scenario.

    Joe

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  15. DTO is looking ripe. Its at its Oct lows. 55.59 is the 52 week low.

    tucked away 1/2 position in SOL in my IRA

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  16. Temo,

    WORST CASE scenario for DTO is around 45 which means oil over $90, if oil breaks 85 a barrel with authority then 89 is the next resistance, DTO looks ripe but caution is still advised especially this time of the yr which seasonally oil goes up and then on top of that oil is also playing the stagflation role these days.

    Joe

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  17. You convinced me Joe, partial position in SOL as a trend trade/hold. - Analyze.

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  18. Entry at 6.10. - Analyze.

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  19. Analyze,

    If you recall, I mentioned while back to think like big boys. Just because you are a retail trader, does not mean you should THINK like one. Big boys think RISK vs REWARD. If a stock is sitting at $15 a share, in the down turn your ass can be handed to you. SOL's performance even during market crashes has proved to be bottom at $2. This stock is chinese which means it has the support of their government and also it's in the LED tech solar technology which China is going to compete. The 50DMA is around 5.12 and 200 DMA is 4.85, 52 week low is 2.85 and worst case low past 2 yrs is 2.09.

    Joe

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  20. SOL looks good to trade, but I will pass on holding very long term. Main reason is it is Chinese manufacturing which means, in China another factory or 2 dozen is usually set up if demand picks up for a product great from the commodity and energy demand side awful for long term profits.

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  21. Red,

    What i said does not apply to you since you think like big boys when it comes to politics and economy BUT when it comes to trading and investing your thought process ius RETAIL. This is no insult to you, it's just the FACT.

    Joe

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  22. Just a word of caution for those loading ( in a multi year longer perspective) the boat outside of the regulars here. Besides the longer term competition and economy sensitivity issues, most visiting traders here will puke it up at 4.75 if they pick up some at these levels.

    http://finance.yahoo.com/q/co?s=SOL
    http://www.wikinvest.com/stock/ReneSola_(SOL)

    Other fuel cell tech also from China along with more traditional nuclear power plants being planned may delay large scale implementation of solar.

    I share Joe's trading enthusiasm for trading SOL but not holding any long term paper through the 2011-2015 period.

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  23. Off subject a bit here...But what happens to this so called recovery if gas at the pump this Spring and Summer go over 3$s and continue higher...? Just shy of 3 where I am...Thoughts anyone? TXB

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  24. Joe, good point. I like what I see in PAL so I also picked some of that up to hold onto for a swing. - Analyze.

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  25. TXB Joe is very cautious on oil here if it breaks 85 and holds 90 is next. My thought process is the same as yours which may be retail but if they hit 90 then psychologically this is damaging to the consumer recovery paint job. My guess is they will try to push it back to 80 level quickly. If they hold in the high 80s they are going to cause some political problems for their unholy alliance with this administration. Not only that but demand side is affected too.

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  26. classic retail move flushed me out of a JAG trade monday and look at it today......made me puke it

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  27. One note on China. They are ravenous for technology and they are passing laws mandating the use of Chinese produced product to be used on products sold in China.

    I know this first hand from the recent courting they have been doing to get us to put a manufacturing facility there.

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  28. TXB to beat a dead horse....oil at these levels starts to create REAL systemic problems for the PPT. They are trying to keep it in the 70 to 85 range and deviations have law of nature repercussions. I bought a small core today

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  29. Algo sells just came in to knock all the leading positions down. I used my bucket. I will hold the PAL and SOL but some others have been regurgitated here. - Analyze.

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  30. Don't be hard on yourself Kli, I just puked my JAG shares 10 minutes ago for a wash. All in cash and waiting again.

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  31. above average vol on AUY JAG GG SSRI GFI

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  32. Gang...how many of you think GS will be spot on in the morning with the employment numbers? :) TXB

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  33. Whichever way it goes you can bet they knew the real number already...

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  34. Kli...they lower this morning to 200,000...funny day before...well not funny...in fact insider info...is my bet! TXB...Bunch of garbage...

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  35. I went against my own advice under your earlier string and bought into this "rally" today, any pop of that size in a consolidation pattern is going to fade instead of flag for another leg higher. I think they are doing this to try to force buy and hold mentality, since the only way to really benefit today was if you were already holding to collect the gap up and sell before the fade came, or just hold and wait for them to half your position before feeding you with another pop. Just like animals eating out of a trough lol. Oh well, it is April Fool's Day afterall. Yeah those employment numbers are known big time by anyone connected/ponzi-friendly. Those algo sells to keep this fixed in the consolidation range were irritating today too. - Analyze.

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  36. Analyze,

    Overall this yr is not the yr of buy and hold, how ever with SELECTIVE stocks taking into consideration the risk & Reward and the price they are trading at you can do well buy and hold for 2 to 3 months.

    Joe

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  37. I hope the next couple of weeks market goes thru 5% correction, that will give you guys a chance to reload. The problem with RETAIL mentality is that if market goes down 5% to 10% the average traders get scared and they either increase their shorts or stay out and that's what big boys are capable of doing to you. FEAR is an amazing emotion, the best weapon powerful use against their subjects.

    Joe

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  38. Per Joe's sage advice to all be very careful with DTO positions the GS boyz can run oil to 100 or higher this year. Will they???? If they do then prepare political upheaval ....guess what ??? thats what we haave anicipated with the current strategy.....severe stagflation and political upheaval.....so the answer is yes oil CAN go over 100 and higher

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  39. All,

    The reason oil is going up is not due to supply and demand here, oil is playing the stagflation role and if it gets worse then it can go higher than where it is now, in the severe stagflation 85 is nothing for oil. I hope those who bought DTO and are holding during week-end benefit next week and oil comes down BUT I am not willing to take that gamble until I see the signal.

    Joe

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  40. Also please what ever you do, DO NOT TRY to short or go long based on conviction of market top or bottom, let the market come to you.

    Joe

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