Thursday, February 3, 2011

WEDNESDAY'S ENDOFDAYS GAMES update IV a must read

Camels and horses charging through thousands of people with whips in their hands. Thousands of stones sticks and knives being used to fight with. Just as we though things could not get more surreal with watching the Bernanks manipulation we get to watch a medieval riot on high def television....strange times indeed. Rumblings have from the Federal Reserve meeting show that QE 3 is already on the table. I know that readers of this blog are "shocked". Just remember...there will be NO SURRENDER in Ben's book. He is a "student" of the Great Depression. He was chosen by the "Bankers" for this job for a reason. He knows his duty and he will not stop until he is forced to by the entire world in riot over the cost of essentials.

http://www.zerohedge.com/article/ice-contemplates-emergency-position-limits-cotton-after-yet-another-limit-lock?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

A purpose of this blog is to help you understand basic economic principles and how they interact with your investment decisions. We can't be completely accurate predicting the timing of the market but we can give you some confidence in what you choose to invest in. For example gold and silver should be trading at 2000 and 50 respectively, but of course there is an effort to mask their true value by the Central Bankers. If fiat holders lose confidence in their paper then the game is over. Gold and silver are important public markers of fiat value (or lack of) and the bankers have to keep a lid on them. Of course there are people and countries that know this and are accumulating the bullion steadily. Not to mention the possibility that a group could be preparing to squeeze the Fed's short position in the Comex. All the more reason to own the metal. I have noticed lately that the effort to take the metal down has weakened. If this is the bottom of the correction then we are going to see a very nice move in both metals during the next couple of months. Of course remember...you are fighting the greatest power on earth.

One last reminder. This end of days scenario playing out in Egypt is a very dangerous situation. The threat of contagion from this is real. The overnight developments are unsettling and will not be soothing the other countries where we have our tinhorn dictators installed. Imagine the insanity .... the so called "greatest democracy" defending oppressive, torturing dictatorships. Now we pretend we have "moral authority" to address this terrible situation.......sure we do.....No one out there takes us seriously.

update I..... Celente interview... must listen

ttp:h//www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/2/3_Gerald_Celente.html

update II..... watch the video on the left.....

http://finance.yahoo.com/tech-ticker/the-next-crisis-most-likely-a-run-on-european-banks-michael-lewis-says-535890.html?tickers=xlf,skf,cs,ubs,db,aib,faz

update III...... Mo Money and Mo Money.... http://www.bloomberg.com/news/2011-02-03/bernanke-says-faster-employment-gains-needed-to-assure-economic-recovery.html

update IV..... shocking (not really) must read. http://theeconomiccollapseblog.com/archives/housing-armageddon-12-facts-which-show-that-we-are-in-the-midst-of-the-worst-housing-collapse-in-u-s-history

66 comments:

  1. http://seekingalpha.com/article/250517-ur-energy-incorporated-up-300-in-6-months?source=feed

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  2. LNG support at 7.72...if it breaks then 7.24 next support.......

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  3. troops pouring into Cairo now......army taking over ......

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  4. You have a new follower here. I appreciate your straight talk and telling it like it is and all the great commentary and links.

    I look forward to learning much here. ...Although it's gonna take me awhile to back-read all your great info!

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  5. Look at this MIT project on daily prices for 5 Million items....food riots are going to be daily thing across the world..

    http://bpp.mit.edu/daily-price-indexes/?country=USA

    U.N.: Global food prices surge 3.4% in January - MarketWatch

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  6. According to these stories and the twitter chatter the military is focusing it's efforts on rounding up reporters and humanitarians currently. Al Jazeera English's people can't seem to confirm any military gunfire other than up into the air.

    http://tinyurl.com/4fnf4rg

    http://edition.cnn.com/2011/WORLD/africa/02/03/egypt.activists.detained/

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  7. Welcome Ginger....GFI held support most miners showing continued strength....My favs ANV SLW remain strong.......hmmmmmmmm .... could it be??

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  8. Morla ....this is probably a calculated move by the VP ...create chaos then send in the military and he (the current regime) will be viewed as establishing order and safety.....not a bad plan for the regime. We'll see how it plays out. "Marshall law creates safety." hehehe perfect headline for the state.

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  9. what will the king of money say?

    http://press.org/events/npc-luncheon-ben-bernanke-chairman-federal-reserve

    could move metal markets if qe3 brought up again

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  10. Now twitter people are all starting to say that protesters are taking fire from snipers.

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  11. Tom love DNN....have a small position....will add small on pullbacks ...there is no heavy resistance until 6.20

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  12. BTW DNN has Revenue......its real.

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  13. HOLY CHIT GOLD EXPLODED......hahahahah...better get on that now ponzi......could be it gang...lets turn this and gooooo

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  14. This move in gold is very telling...

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  15. SSRI over the 20ma on a big move next stop the 50ma...then a crossover then a ...

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  16. I'm relatively new to the miners.. invested in about 2 dozens juniors now. ...How closely timewise do you expect miners to trail a big move up in the metals?

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  17. kli thks for update on LNG looking to get back in will take anywhere in 7's have order in at 7.50 bought some at 7.65 earlier today...Also I mentioned this one as well at loer prices ibcp chk it out...cheers the ponzi!!

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  18. CCME just took a hugh dump down to the 200 day ma.
    It will be interesting to see if it holds.
    I still suspect that this is just the big boyz having their fun.

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  19. Kli--I cannot overstate the value of your blog. You have NO idea how much it has meant to me...take care and keep up the exceptional work. Everything, and I do mean everything you have said from the get-go is coming to pass.

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  20. DJ, is your order gtc? I have been trying to buy more since Mon., but my limit orders haven't been filled.

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  21. Thanx sister isn't it amazing how accurate the regulars like Joe and Red have been in there assessment of this disaster.....and Ginger ...this is a great time to be in the miners...they are a great intermediate hold here. We follow many here....GFI EGO SSRI SLW ANV HL EXK PZG. Many uranium miners and Palladium plays SWC PAL...Energy favs NBR ATPG SGY...and several other plays in biotech and CHINA.......gl..catch up on the last several posts

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  22. kli
    stepped into pslv this morning glad i didnt wait any longer just a lite load could add lot more if this is it

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  23. We are swing traders...and day traders...there are also option traders here........enjoy and contribute if you choose...no question is too basic....everyone trys to help

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  24. True, true. Of course I have depended on joe and red for invaluable information. I have a few friends reading now, hope they will contribute too.

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  25. Hold on roddog......this could be a great ride.

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  26. Thank you kliguy. ..My head is swimming with all the info you have here. I am so happy to have found you and am madly reading (as I can) to catch up. ...Will research your stock picks above.. already in a few you mentioned but am in some that are more 'junior' than those.

    Very strange times we are in. You guys are incredible.

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  27. Joe CCME is taking big haircut. I had to leave or I would have pick up some in the low 11. What you think .

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  28. Watch the $HUI....for the miners confirmation....I have to believe what I see...on the GDX the candles are showing unrelenting moves off the 200dma.....

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  29. Morla.....look at GORO......heheheheheehehe...

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  30. Yeah beautiful move today. Hoping that stop run on the 25th was an intermediate bottom, don't really have any more ammo to throw at the position since I accumulated on that wild down day.

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  31. CCME is a pretty painful story. glad about my tight stops ... con stock or temporary take down for accumulation? I'm sure joe is having a field day with this stock and wish I was a better swing trader myself :)

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  32. Sister earlier today I had a limit order filled @7.65 will buy more tomorrow..I took off my limit order of lng @$7.50...Will try again tomorrow...

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  33. I give up, have a decent amount of PHYS/GLD starting to build PSLV, small amount of uranium, small amount of silver miners. Was about to get some more gold miners (GORO) and once again a day late.

    But at least I still have my JAG from way back which took another big leg down today, I guess I'll hope for a small bounce on that and take the big beating, sell it and take a breath.

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  34. What a great day for trading OREX and CCME, Very few times in a same day going short and long in the same stock ( CCME) is that much fun, heheeeee!

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  35. I'm wondering whether g/s will close at hods. Whoppee!

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  36. An analyst in the middle of the day put out an article stating CCME is fraud and a pump and dump and that caused severe panic with margin calls getting hit, stops taken out,,etc. Whether what analyst said is correct or not is not important if you are a seasoned trader and take advantage of LASER trading, the caution is if they decide to halt the trading. CCME trading right now is like gorilla warfare, heheeeee!

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  37. CCME looks like THEY GOT A CRL today...LOL

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  38. Looks like contagion getting more serious: http://news.ino.com/headlines/?newsid=20320111565

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  39. CCME has been fun. I would expect some bounce when company comes off vacation and responds. All this negative comes out on China New Years. That says a lot.

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  40. IF DCTH gets FDA approval and I repeat IF since you never know which way FDA rules, then we are talking about $30 this yr, and if rejected you know what happens.

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  41. I refuse to jinx DCTH.....I will remain silent.....hehehhe

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  42. Stocks like DCTH can make good straddle plays on FDA.

    Trimmed 1/3rd of SLW calls. up 300% from buy. I think it will pop friday some more then pull back. Only trimming today because of my "anti greed rule".

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  43. Joe Ken and I pick up some CCME , hope for a bounce on the morning. he he he he Low 11

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  44. Jim,

    What you just did is very very risky, me personally do not feel comfortable RIGHT now buying and hoping for bounce the next day in CCME, it can work but since I believe in NO EMOTION during trading and not holding a LASER and volatile stock like CCME right now overnight I would not do what you just did eventhough it can pay off well for you BUT that's just me.

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  45. Don't forget the EUO trade.....

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  46. Jim,

    I am more comfortable trading gaps DURING the same day with CCME and have no position when day is done, the allegations of FRAUD brought up by couple of analysts in regard to CCME in short term makes buy and hold overnight a risky proposition for traders since we do not really know whether those allegations are true or not, tomorrow CCME can either shoot up at the open or taken down more and that makes it very risky.

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  47. Silver is in backwardation today..

    http://www.lbma.org.uk/pages/?page_id=56&title=silver_forwards&show=2011

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  48. Joe I let emotion get me. I did not use good patience. A very good lesson either way. Wait for AM too see if I made a mistate. Thanks

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  49. Jim & kenny,

    Look at how DOC HOLIDAY took care of business, that's how you approach trading CCME .

    http://www.youtube.com/watch?v=JGpajGj07BU

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  50. joe
    you are a dandy we use several lines from that movie in the local boy sat night poker game we also like outlaw jessie wales WATCH EM EB HES FAST

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  51. Kenny,

    Exactly the approach Holiday had, cool and calm, focused, no emoton, and laser fast and then him and wyatt using gorilla warfare took care of odds against them, that's CCME stock and how your mind set should be when you trade it.

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  52. Rumors going around DCTH, this is just rumor and I would not take it serious at all till we hear from horse's mouth:

    http://www.benzinga.com/news/11/02/831813/unconfirmed-rumors-circulate-that-delcath-systems-inc-dcth-will-get-an-fda-fast-tr#ixzz1Cucavj3e

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  53. What a trading day and I missed it! Dammit.

    CCME---incredible. And Muddy Waters' rising star...RINO: $26 to $2...ONP $15 to $4....I'd never heard of these guys.

    "WELCOME TO
    MUDDY WATERS RESEARCH

    The Chinese have an old proverb, “浑水摸鱼” (muddy waters make it easy to catch fish). In other words, opacity creates opportunities to make money. This way of thinking has been part of Chinese culture for centuries, and it is institutionalized in the modern PRC.
    Western investors and their regulatory systems are inherently unprepared for muddy waters environments......."

    Worth watching, it seems.

    http://www.muddywatersresearch.com/

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  54. Speaking of fraud, just saw this.

    http://www.cnn.com/2011/US/02/03/california.skilling.son.dead/index.html

    Greed, fraud and unfathomable pain. Always a troika.

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  55. HB action developing in gold and silver.....volatility good

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  56. Hi Kli,
    Ya I saw that, but only in a couple of charts I was perusing...if you're still around and feel like typing a couple of quick details, I'd be most grateful.

    Also, exonerating CCME?

    http://seekingalpha.com/article/250498-china-mediaexpress-groundwork-research-and-videos-to-disprove-allegations?source=qp_article

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  57. Heartless the only thing I can see to help your trading is to let you know there is a potentially explosive move in physical silver developing. You can paper trade SLW calls or SLV calls but thats up to you. I am only longer term here in all these miners...Ive accumulated over the past two weeks to a full position and dont give a chit what they do on the daily now.....I'll trade the new channel when it shows itself.....gl hot stuff..hope you feel better.....

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  58. Btw, your blog is just blossoming. It really is a gift, you know.....and you, well, could you be more fab?

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  59. brown nosing gets you everywhere....now go get your sleep for tomorrow.......nite nite biatch...

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  60. Hey - my JPM post disappeared? hmmmmmm

    Sued for a billion or so cause they supposedly knew Madoff was running a Ponzi and kept doing business with him. Shocking.

    Here's to them getting beat up a little if silver takes off. I need more silver.

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