Thursday, January 27, 2011

ALL CLEAR update III

Is it now? Really? You mean the economy? Or do you mean the commodity trade? Maybe you mean the precious metal trade after yesterday's incredible reversal?

One thing that must be emphasized is the economy is in truly deep chit. But do not be fooled it will NOT crack this year. In fact I believe that some of our statistics will show evidence of a REAL RECOVERY. In fact I believe these will show up in the next quarter.... " There are Lies, damned lies, and statistics" Mark Twain.... Again, this is a PLAN...it is coordinated and WILL have an effect on the economy...or at least our perception. I believe there will be some degree of success. But make no mistake. They have screwed the pooch and the often talked about structural issues WILL NOT BE OVERCOME with their smoke and mirrors. All we are accomplishing is shoring up our very biggest bank's broken balance sheets....while the peasants are left to rot.....Make no mistake my republican friends. Even if you are still a millionaire....you are still a peasant. That is an illusion you need to get over. You are a slave to this massive fraud just like the next peasant.

Back to the game. Here is the bottom line. QE and money WILL flow and gold and silve and uranium and soft commods and all commods have wind in their sails this year. You must believe in your underlying understanding of this trade and continue to reinforce your beliefs by studying this simple fact. WE HAVE MONEY BEING MADE WEEKLY. IT WILL FIND ITS WAY TO THIS TRADE THIS YEAR.

Next ...today is a day to add to your miners on a pullback but try and hold dry powder....we could get a retest OR we could get another scare to shake out the weak hands. But if you aren't in the miners or the physical you need to be in them. I recommend PSLV and PHYS instead of GLD or SLV. The GLD and SLV are JPM's tool to SHORT the metals and suppress the prices. ANV SLW appear to have found their bottom ....so lets watch......gl today

update I.... I have followed Melvin King the top dog of Great Britain's central bank and he actually has been relatively blunt.....

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/27_Jim_Rickards_-_BoE_Governor_is_Right,_We_Are_in_a_Depression.html


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/26_London_Trader_-_Big_Money_Lined_Up_To_Buy_Gold_%26_Silver.html

update II... must read

http://www.zerohedge.com/article/global-revolution-accelerating-mike-krieger-explains

update III.... After hours big smell by Amazon....sure folks its all getting better......all those unemployed and underemployed with stagflation starting to eat them alive....ARE GONNA BUY SHIT FROM AMAZON.....hahahahahahhaahahhah

http://www.zerohedge.com/article/goodnight-amazon-worlds-most-overhyped-retailer-misses-top-and-bottom-line?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

56 comments:

  1. Soon it will be time for DTO, QID and EUO. DOW is at 12,000 which means it's almost time for correction of 8% to 10% for overall market index. DTO has done well since it hit 52. Monday is the end of January, I smell correction coming.

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  2. Thestreet.com has a nice article on CCME on the Yahoo site for CCME. It is the article on top. Actually described the "Cup & Handle" pattern I mentioned earlier this week. Lots of shorts apparently have positions in CCME.

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  3. yup, how many times I mentioned this before, heheee!

    http://www.thestreet.com/_yahoo/story/10986595/1/ccme-the-biggest-short-squeeze-of-2011.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

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  4. HB.... Whatta ya want......green everyday...??? Relax .....If they do find another leg down then buy the chit out of it....otherwise you should have a great year.......look at ANV chart ....its a Soros holding.....

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  5. look at all the turmoil politically in the Middle East.....SHOULD be VERY bullish for oil...hehehhehe.....BUT...look at the price action....hehehhehe

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  6. Thanks for CCME Joe does it still have upside movement if we get a correction in the market?

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  7. I've posted on this before, but I believe that GLD and SLV are deemed collectibles and can not enjoy long term cap gains where I have read that PSLV and PHYS can. There might be other considerations as well but this always popped up as a benefit when I've searched on PHYS/PSLV. I think the collectibles rate is 28%.

    As always, read the prospectus and consult your tax adviser before investing. ;-)

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  8. Tom,

    CCME just with short squeeze including naked short will hit 29 to 30 this yr, 15$ was great entry beginning of january, do not know whether it gets there during market correction or not and do not care since loading up at 15, taking profit at 21 and letting free shares ride takes care of the question you asked. CORE, CORE, CORE and then trading shares so you do not have to worry about risk/reward.

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  9. Thanks Joe for answering my questions I am slowly developing some understanding.

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  10. Kli...I'm a hopeless daytrader. When it hit 1/20 & 1/21 resistance on the 10-day 60-min chart I took profits. Out!

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  11. They're goin for the throat on the miners.....heheehhehehee........cmon rip um up....I have sumthin waitin for ya...hehehe

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  12. Wish I'd been in CCME...wow.

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  13. Joe's method of handling the taunts.....hehee

    http://jessescrossroadscafe.blogspot.com/

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  14. Look who's still employed....@ GS!

    Bilkers of billions, Bear Stearns' double-dipping self-described purveyors of "s***".

    www.theatlantic.com/business/archive/2011/01/e-mails-suggest-bear-stearns-cheated-clients-out-of-billions/70128/

    I've been clinically depressed ever since reading this. Pa-TUI.

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  15. kli,

    now you understand why I mentioned yesterday that PZG which i used as an example of miners was due for quick technical bounce followed by down turn again to get the real bottom, that applies to SLW as well, heheeeee!

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  16. (hilarious vids tho...thx ;-) kli)

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  17. My lower buy targets on GFI 14.80 area and EGO Is right at 14.95.....WILL they get there?? I have good positions in both now....so if they don't thats just fine

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  18. Sensei Joe: how do you do it?

    Grasshopper

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  19. SLW really wants to find that 26 level.....remember I said its like a heat seeking missile for it.....I hope that greedy baastid Joe gets his wish......hehehehe

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  20. HB,

    It's understanding the market overall, central bankers and thinking like those who run it, you do not have to be one of them JUST think like them when you trade.

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  21. HB,

    Develope eye of the tiger along with sense of smell and you can do well in the market, it comes with experience, discipline and NO EMOTION.

    http://www.youtube.com/watch?v=cf45I1ZI__w

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  22. classic shakeout in ANV trade today.....I would be more comfortable in a heavy buy if the overall market had corrected somewhat....also that 21.92 level is beckoning still...I own a very nice position in ANV also but I want to see a 22 before I add any further...added some today at the low.....but it could get lower

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  23. Also HB you may want to look at puts on Netflix here......let me know what you think ...it stinks and the analyst are issuing buys now......after getting in all the shorts for the kill

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  24. HB ....trying to short this market with the POMO QE is not easy lol....you may want to rethink some strategy....look at the longer picture in miners like ANV SLW GORO...short term maybe another leg....but accumulating now or buying longer calls may save your gambling AXX

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  25. Kleedaddy.

    You are so sweet I could kiss you. Seriously. But I'm fine! I guess you didn't see my post a couple of days ago...anyway, I covered my NFLX short and the only thing I was holding was a .27 what-the-heck options play. Lol.....I'm WAY too scared of NFLX & its 25% short interest to hold a serious short position into earnings.

    I am looking at the puts and calls though....what a volatility crush! Cheap by any measure. I was going to do an OTM calendar spread...still might...Don't know.

    But don't worry 'bout me & NFLX....I is fine.

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  26. http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_P/threadview?bn=58157&tid=694297&mid=694379

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  27. HB,

    Short term RNN made a turn at 1.43 today, did you trade it?

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  28. I didn't, Joe...I'm trying to do 2 things at the same time today...(I can barely do one) (A.D.D.), so I haven't really been paying attention except to hop into EAT for a trade.

    I did notice a 20/50-day EMA crossover on the 1-year gold futures GCG11 chart though....is that significant, do you think?

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  29. I'm a little lost on the markets today...don't understand the action. Stupid question: why did gold/silver reverse?

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  30. HB...this is THE trade....Silver has an Explosion coming. IT is a total ponzi trade that is in trouble at the Comex and LBMA....this is a desperate attempt for the JPM short position and the big boyz that are trying to accumulate the remaining physical to get repositioned...It is an OPAQUE trade...the real players are really unclear at this juncture. Harvey Organs blog gives a late evening count at the comex and analysis....the guy is one tuff bean counter and has been at this a longggg time. Short answer ITS RIGGED but when it goes off its going to be loud.

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  31. Well that puts me on a more even keel...thanks, kli! Sorta interesting:

    "Multi-year record setting put volume in Sempra Energy today, with a buyer paying up to $1.15 for more than 10000 (15,000) Feb 50 puts and (14,000) March 47.5 puts when shares were in the $52.15 range. Flow is nearly 70x the typical daily flow in the name and will quadruple the put open interest in the energy services firm." (Earnings 2/25)

    What up, I wonda?

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  32. Funny....I show AMZN down $18 bucks...CNBS is showing how much it's down from the open. LOL

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  33. Oh well my GORO entry wasn't so great as I thought.. No worries I can ignore this longer than they can beat it down.

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  34. I nibbled on GORO today...and will nibble again at 19 if it touches it.

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  35. They are trying to get oil down fast ....I'm sure all the turmoil in the middle east has them scared chitless that oil could explode to the upside.....so gotta get it down NOW....I'm almost out of my DTO trade today......I'll ride the rest

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  36. HB,

    Today was a sunny and BEAUTIFUL day for CCME and UTA.

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  37. HB,

    The main reason Gold and silver made a wrong turn is because BIG BOYs including GS set the trap to make sure retail traders puke hard, that process will continue for a while, it's called MANIPULATION. This is also good for indians and chinese since it gives them cheaper price to buy.

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  38. heheeeee!

    http://blogs.forbes.com/schifrin/2011/01/26/why-chinese-value-stocks-get-no-respect-on-wall-street/?partner=yahootix

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  39. CCME & UTA....boy, I'll say. I didn't even see UTA on the syllabus! Gratz! I realize, or I'm assuming, that most of the stocks you all mention are core holdings? Because I just can't trade 15 stocks at a time. Can you suggest 2 or 3 to start?

    I lost money trading today. Because of the snow. lol (jk)

    Thank GOD it's manipulation and not a brain aneurysm. These guys really give you a run for your money!

    Thanks, Joe

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  40. HB,

    UTA, CCME, SWC, ATPG, PAL, SGY, GORO, PZG, SLW , DCTH and the list goes on, all of them have been discussed many times in the past and we keep track of them on both side of the COIN, heheeeee.

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  41. I have given a list of almost 25 stocks to kli to keep track of and he is becoming a pro on when to hold and when to fold.

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  42. HB,

    Lot of the core we are talking about has been established in lower prices, for example DCTH was at 5.5/6, PAL was at 2.90/3, UTA was at 4, CCME was at 15, kli keeps the core and then trades the swings outside of the core.

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  43. and for uranium stocks, UEC, URZ, URG, URRE.

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  44. HB,

    keep your eye on OREX, I am hoping that this Monday FDA delays or asks for more info on their weight loss drug, if it happens then OREX can retrace back to 4.5 or 5 and you can scalp it nicely. MNKD was a nice scalp after FDA rejected their drug.

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  45. On miners SLW SSRI...ANV GG ....HL EXK....EGO GFI...I have paired these for a reason...They are nice to rotate within the pair....if you watch their price action you can rotate daily within the pair....it all adds up.....last year I rotated EGO AND GFI intraday several times ...ie EGO up 50c and GFI down 5c...next day the reverse.....big boyz were doing it and I followed them...true for SLW and SSRI....etc...anyway GL

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  46. joe
    thanks for the comment on orex made a good lick there but was thinking down that same path must be picking the train of thought on this board i like that type of play jim will be right there also that dude is savy

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  47. Don't forget PHYS and PSLV...I'm concentrating on silver hoping the end of the manipulation causes a nice spike...I like actual physical silver as well, not the allure of gold, but I like the fact it has an industrial use as well as buying the 90% products (silver dimes, etc.).

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  48. http://www.huffingtonpost.com/2011/01/27/egypt-protests-live-updates_n_815154.html

    getting ugly out there....ponzi is starting to unravel

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  49. Homer I have a heavy core in PSLV and less in PHYS...let um take a beatdown....also I think EUO is a buy here BIG TIME

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  50. Egypt, modern day Pharoah being prop up by the serpent staff of the Pharisees. Setting fire to Al Jazeera and cutting off the internet will only inflame tensions further throughout the muslim world. What does this mean for day trading addicts in the casino? The excuse for profit taking in the broader market and the resumed accumulation of physical precious metals and Alpo.

    Good idea to take notes of what happens overseas for future reference.

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  51. from Trader Dan....I will repeat – the Federal Reserve of the US is exporting runaway inflation across the entire globe with its reckless policy of QE. Bernanke has hubristically asserted in his interview on “60 minutes” late last year that “this fear of inflation is overstated”. We need to record this for history to make certain that it is not forgotten or dismissed. Try telling that to the leaders of the nations across the globe who are now dealing with riots and anarchy in their streets. I am sure that they will take comfort from Ben’s words.

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  52. Yes Red....VERY telling....and we are behind the evil

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