Friday, March 25, 2011

THE BUILDING STORM

Hopefully the PTB can maintain the upward movement of gold and silver within the confines of our trading ranges and longer term channels. This is the only way the trade of gold and silver will not run off and leave many of the traders of these precious metals. If history repeats itself then we should expect to see the true power kick the can down the road for another year as stagflation continues to grow and exert its painful effects upon the most vulnerable of the population....whick include many of us. Ultimately as stated here many times.......the price of essentials will destroy the developed world's fiat ponzi and force a major debt restructure.

As you watch politicians in Ireland and Portugal you get an idea what politicians will do to engage the debt issue. Austerity is NOT palatable to the masses and certainly the politicans can put their fingers up to the wind. Meanwhile the media is asking hard-hitting quistions like "how can the market keep going up with all this going on?" If they only knew within this inane, simplistic question was the real question they should explore. Only we know they would not want to find the answer. It would confirm their fears. That their jobs and their fundamental beliefs and existence was all structured by the greatest organization ever. NOOOO we couldn't get that conspiratorial in our stayed world of American Idol.

I CAN say with reasonable confidence that gold and silver are going much much higher but not without some nasty pullbacks and therefore great trading opportunities for those that like to play this game. We could be going into a multi month consolidation/pullback for metals or we could be going to the 50/1500 silver/gold levels in the next few weeks......I'm going with the move up near term. I could be wrong but I just don't see enough froth in these metals yet for a serious smackdown. In fact with QE2 and Euro fires going I like holding in this environment. But be aware if you have a nice profit.......take some of it over the next week and try and trade the rest. Overall this is a really nice position to be in with the precious metals. ANY pullback to longer term support is to be bought.

http://www.martinarmstrong.org/files/how%20and%20when%2003-01-2011.pdf

28 comments:

  1. KLI I agree with you...They will keep kicking the can down the road.They have too..Major earth shattering Earthquake and 2 weeks later mkts are unfazed...lol they are for sure kicking the can down the road..I would not be surprised if in next 6-12 months DJIA breaks o7 highs...What is it BOOM to Bust if they wanted to kill the markets if would have started when the news hit 2 weeks ago but the sell off would have continued....IMO...Everyone have a great weekend...

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  2. Another update on CRYP
    Nevada DID approve the vote on online gaming, making it the first state in the Union to do so. This will open up other states to attempt the same thing.
    Still, I suspect there will be legal challenges to what Nevada has done. However, this will force the Federal Government to take a position on online gaming.
    It is going to be a rollercoaster ride to say the least.

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  3. HOMERUN on CRYP!!!!! congrats Doc

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  4. http://seekingalpha.com/article/259820-sanofi-profiles-zalicus-drug-today-a-positive-sign-for-investors?source=yahoo

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  5. http://seekingalpha.com/article/258498-zalicus-expanding-drug-pipeline-helps-make-it-a-strong-buy?source=yahoo

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  6. I am all out of AEN. That was a nice ride. Sold my USU. AEN took a lot of the pain on USU away.

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  7. Kli

    Any thoughts on how far down they stomp Silver?

    Let go of the rest of pslv yesterday been quite the run....

    Think they can get it down to 34/35 area next week?

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  8. CRYP used to be a $6/7 stock during worst time of the market in 2008/2009, today's news on it is very interesting!

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  9. looks like CRYP needs to close above 200 to carry momo thru next week..

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  10. In regard to OSIR:

    http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_O/threadview?m=tm&bn=51259&tid=11003&mid=11003&tof=1&frt=2

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  11. Look at SLV vs EUO beginning at 11.30ET...max ramp!

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  12. gmxr getting a little afternoon run on...

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  13. yup next resist at 6.49.......no heavy resistance until the 8.23 level

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  14. gold and silve bullish weekly close

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  15. ZLCS big volume up move.....yummmmyummmm

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  16. Question just want to know if this is true..If I bought a Silver ETF say slv could I reguest to get my silver in possession...from that ETF like a stock has certificates would they ship me the bullion,...I never bought an etf.. except sds back in o8...TIA DJ

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  17. dj.......slv most likely has NO silver in its vaults.....it is a JPM controlled etf that is used to provide a black hole for people that think they are buying a bulllion backed etf....JPM has massive naked shorts on silver and SLV provided them the means to maintain these shorts.....time is running out......I would be very careful playing SLV going forward once silver hits 50....better off in PSLV.....they have an independent audit of their bullion and you CAN take delivery over a certain ammount

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  18. ok thks KLI had no idea slv WAS A BLACKHOLE THKS ALOT...

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  19. Is Bernanke Going to Announce a Fragrance Line?
    Coming in June 2011, Ben Wizzie's new cologne:
    Que De Stimulus Trois?

    http://apeakunderthehood.blogspot.com/2011/03/is-bernanke-going-to-announce-fragrance.html

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  20. Another good say for S ( sprint)!

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  21. http://finance.yahoo.com/news/Breach-possible-at-troubled-apf-709084917.html

    breach at nuke plant in japan....groudwater contamination....this is the greatest market eveh! to withstand this onslaught of ugly news....I nominate BEN B for best actor, the FED for best pitcher and Tim G for best supporting actor..Academy Awards of Pigshit!

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  22. Lake -

    pivot points (google Bradley pivot points) or refence on my blog:

    3 most important dates: 2/17, 7/29-30, 12/28

    Other Bradley turn dates: 1/15, 2/3, 6/15, 6/22,8/20, 8/30, 9/26, 10/12, 10/28.11/22-23

    Bradly pivot points +/- 4 days and they do not indicate direction.

    20 wk cycle: tops: 2/18, 7/5, 11/15 bottoms: 4/28, 9/8. 9 month cycle bottom: 4/28. May vary +/- 2 trading days.

    If you need more granularity on cycles I will try and post a time line for 2010 on my blog over the weekend.

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  23. honestcredit....as I mentioned at the beginning of this disaster ground water contamination would be the worst outcome...and my guess is that they will hit every bid they can to paint the tape next week if this worsens. ground water contamination depending on the aquaphors could be disastrous for a very large area.....time will tell.....

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  24. also I still maintain that above ground contamination will be ultimately relatively minor on short term and long term health impact. Unfortunately cancer deaths can be calculated statically to conceal this over the years...percentage wise it will very small ...but 0.l% of 100million is still 100K

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  25. http://seekingalpha.com/article/260255-using-friday-s-options-activity-to-get-ready-for-monday-s-market?source=feed

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