Wednesday, May 25, 2011

ITS HOPELESS updateIV and Mark Haines

Or is it? As the end of QE2 nears you have to ask yourself what will Ben pull out of his hat next. He has no chance. Its all over. Certainly we are going to have a massive liquidity crisis soon and the market will crash. Maybe....but don't bank on it. He knows he's walking a tight rope over the crocodile infested waters, but don't worry he knows it your ass that's ultimately going in. This will not end well but I intend to keep trading this with the same strategy that brought me to this dance. Until Ben truly pulls the plug on the monetization I'm still in the PM trade. Right now the miners are in consolidation. Professional money managers and agents of the banksters are accumulating these miners on this consolidation. I believe it may have another leg down but right now I have to have a core. Keeping 50 to 60% in cash should provide you the ability to add if we get the fear zone breached with a real doom and gloom dump. If we hit 1220 on the SnP this summer then that should provide Ben the necessary fear to reinstitute a major monetization pump for the end of the year and one more Fed victory dance. Without this current beatdown of commodities the next round of monetization would not be possible. Remember the limiting factor for monetization is the price of ESSENTIALS. Even though the current level is straining the Faux Recovery it has NOT broken the back of the little guy yet. It will ultimately and then the real money will flush this stool of turds with a real deflationary collapse. I am not in the camp of hyperinflation first and Joe is not either. That doesn't make us right, but that is my best judgement on our outcome. They like the current administration. Make NO mistake about that. O has played ball with the bankers and he will be supported. Do not buy into the hyperbole that O is a socialist. He is a CORPORATIST. He is controlled and will remain loyal to the oligarchy.....PERIOD!! You have to invest with a knowledge and awareness and that gives you an edge on the outcome of this game. Europe should reach the brink of collapse soon. It will be yanked one last time out of the fire before a major default. Ultimately it will default and the Euro will be toast....but we will have one last can kicking rabbit pulling last minute scam to save it for tomorrow.

Stay in the game or go ahead and just grab your physical and food stores and tell um you've had enough of the casino. I've grown fond of the game and know ultimately I will be disappointed. I can live with that. If you can't ....get out now. You know the drill trade the fear ....buy the fear sell the exuberance. gl

update.... unable to get comments up and runnning.....very sorry will try and get it fixed......try anonymous...but even that is not working....

Mark Haines .....Just a brief commentary.... I have watched Mark Haines for 25 years. He was at times arrogant...irrascible....belligerant....and a myriad of other negative adjectives....but I always found him to be a genuine human despite the fact he was an attorney by education. He GAVE A SHIT about integrity and he knew the limits of what he could say in a corporatocracy. He knew and he would cross over the line anyway. That is courage. Did he go all the way and get his ass fired??? NO....but he pushed it to the limit and beyond at times. Good luck to you Mark and you will be terribly missed by this observer. YOU HAD COURAGE. More than I can say about the rest of the schmucks on CNBC.

from JDA .... http://www.jrdeputyaccountant.com/2011/05/dont-bet-on-fed-pulling-out-any-time.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2FOVWr+%28Jr+Deputy+Accountant%29




Must read.. http://www.kitco.com/ind/willie/may252011.html

27 comments:

  1. I had trouble posting this am. Will try again.
    From Phil's Stock World:
    He believes the Russell (^RUT) must regain the 815 level and the NYSE must regain 8280. If not, he believes the markets will head lower.
    From "Pharmboy" that posts on Phil's site, he advises the biotech: NSPH
    He does own the stock, there has been a recent large gap down and there is insider buying @ around 2.20.

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  2. Another volatile day for SQNS, PZG doing just fine.

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  3. Jim,

    Sprint (S) has done well past couple of weeks.

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  4. Bought a little more CYCC today @ 1.51
    Looks to me that it is being accumulated and support has been holding so far.

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  5. LDK - working on 11 straight days on the downside, Joe is looking alot better on that 5 call. The Chinese solars will have their day in the sun again...

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  6. anyone want to know how my DTO trade is going? haha

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  7. Rudemood,

    You should have played WPRT at 21.50 couple of days ago, heheeeeee!

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  8. Kli,
    Some one in cyberspace is unhappy with you......
    Posting from Droid.
    Btw nice call on miners :)

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  9. went to my apple.....thanks tom for the droid hint.....IF this works.....and yes the miners are RIPPING..........

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  10. DAMN my apple works heheheheh I HATE YOU fockin GOOGLE

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  11. Joe,

    thanks for throwing sand in my eyes. haha. cant win em all. forget WPRT, i wish i would have went with PZG when recommended on this board. that one hurts. its amazing , i can pull the trigger on DTO, and passed on PZG in the 2.60 range. live and learn.

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  12. This may have been mentioned already.
    When I sign into Blogger (Google Account), it won't let me comment if the "Keep signed it" box is checked. The "Doctrader" name won't appear in the "Comment as:" section. When I sign back in all over again and keep the "Keep signed it" box unchecked, I have no trouble at all.
    The has to be a bug in that Keep me signed in box.

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  13. Sorry.
    The box is called "Stay signed in".
    Try keeping it unchecked & see if that works.

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  14. Kli needs to disable the " Spam Blogger" in the comment section from the source code since he is the owner and maintainer of the blog, that's one of the main reason Jim and others comments won't get posted since there is a bug in google in that regard. Also every one make sure when you try to log in to your google account in order to post comments that UNCHECK the , " Stay Signed in" box below your password box and after you are done posting sign out.

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  15. that worked this time doctrader..... taking the check off the stay signed in box......

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  16. Test from the PC, unchecking the check worked otherwise anon...

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  17. Rude,

    Don't feel so bad I passed on ALU!! That's my biggest fubar this year!! Sad part is Joe made the case for it perfectly!

    Boing......

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  18. joe,

    you are inspiring my competitive spirit, haha. my DTO trade aint dead yet, but its getting closer to being done. I should have bailed at the break over $100, and looked to re enter at possibly $108 instead i chose $103 as my line in the sand. what can i say, it looks like i went to the DTO well once to many times. when you play with fire, sometimes you get burned. . haha. this sheep aint feeling too good at the moment. but i think oil might still have another leg down. disclosure: $47.80 is my current avr price. maybe the oil gods will have sympathy for me tomarrow. props to everyone that was all over the PZG trade.

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  19. tom,

    i look at it this way, there are other gems to be found. i am sure Joe will dig another one up in the future. thats why i like trading, another day, another opportunity. best of luck, and hopefully you profited on PZG.

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  20. Rude,
    No doubt, let pzg go today hit my mark however since I sold it will run to $5 for sure hehehe

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  21. Hope you bastaads jumped out of LNG on the news...I've been meaning to post but had a difficult time (as mentioned above). High debt/negative cash flow and HUGE construction costs that they can't afford. Will have to sell down stake significantly...and even then margins will be thin and volatile depending on U.S. natgas prices, shipping costs, sales prices, etc. Merchant LNG'ers like LNG are a sell on the pop kinda thing, but with this manipulated market, you never know!

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  22. Sammy I did sell on pop but what has my fascination is who bought the 20000 calls on LNG back in April for .60-.70c he could have sold and made over $4 million dollars but did not...Hum...dj

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