Tuesday, May 17, 2011

THE RAPE!

No, not the one on the headlines right now. That's just foreplay in the world of Central Bankers. The irony of the arrest of DSK was not missed on many of the enlightened/aware meebers of humanity. That may only comprise a few percent but its still tens of millions of people. After decades of abuse by the IMF in developing countries to have their head arrested for raping a maid in Manhattan is almost an afterthought.

No..... the rape was the one comitted by a contingent of oil traders in one house. This trading group conspired to destroy a group of short positions in oil by running the price up through 100 and crushing what little hope that millions of people had of getting over the hump this year. I have no problem with these "traders" conspiring to screw these short positions. After all that's what makes a market. What makes this even more odius than the 2008 short squeeze on a major oil short position is the fact that it was essentially these tax-payers that provided the bailout for these traders to even exist. AND....its essentially taxpayer money that is providiing the ZIRP/POMO free money that is being distributed to these traders to provide the paper for them to throw onto these positions virtually risk free. AND....the fact that this particular trading house sits right in the middle of the daily Working Group meetings that determine how to manipulate the CONfidence that is being "gradually restored" to the American Consumer.

Can you digest what was just said? These slimebags just let their henchmen rape the very shills they were trying to set up...... How can you not love these guys. Here you are trying to paint a "recovery"... lying eveyday about how things are improving. Painting a green tape on the market. Fudging unemployment figures and earnings reports. Planting daily news stories and controlling the real disasters in the news.....and your very own soldiers are raping your shills in the back alley. Just too funny. Greed never ceases to amaze me. The impact of these oil prices will not be fully felt for another quarter but they are being felt now in earnings.

OK back to the game. Today is going to be important if gold and silver leak then my guess is they are going to go significantly lower over the next few weeks. If silver breaks 33 then 28 is in the cards. Gold wants to get to 1420. The bugaboo in all of this is the Eurozone. Gold is going to gain traction if Europe starts to burn and silver will follow quickly. Right now they are talking Greek default/restructure and that is going to mean even more austerity talk. We are in very dangerous territory and I cannot stress enough to now to have cash on hand. As much as you can. There is trouble coming and its coming faster than I originally thought it would. gl


60 comments:

  1. KLI totally agree silver is dead for a little while 20's here we come...it is coming clearer now why they leave borders open amd let all the illeagals in ....globlist need votes while they are exempt abiding by constitional law...But we being of legal americans pay for this charade it was alos said the imf during 08 and later has been given over 20 trillion dollars from us tax payers and that that $$$$ has gone into alot of foreigners individuals hands...BUSH bascially ramped most of this in high gear and what filth he is...ANYWAY not in silver trade lol...Just own physical and if it gets chp enough i ama buyer.....cheers all

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  2. good morning folks, gfre, cytr and vrml on am radar...pre market volume

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  3. VRML got good news today and should do well.

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  4. Joe I like the (should) part of that...VRML is trading pre mkt where I thought the lowest it could go...OOPS another wrong thought am gald it is up and I HOPE it Holds....

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  5. cytr also...rec'd 120 million on sale of molecular chaperone? bigger than market cap...

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  6. What do you think about Soros supposedly selling his gold?

    Perhaps he is simply taking profits, and will buy back at a lower price.

    Do you think CNBC is trying to scare people out of their physical?

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  7. Anyone play IO. Looks like its holding up ok this am. Looks very oversold.

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  8. looks like gfre is early winner...could go to 5 with all the shorts..

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  9. CAREFUL on the SOROs news.....he is out of GLD......its a PONZI and he knows it....you will wake up one day and GLD will be ZERO......SOROS is out of it.

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  10. Chuck,

    LDK starting to get cheap, it would be a gift if they take it down to 5, it's big cap company and starting to get cheap. GS is taking it down to accumulate, I am watching it. The second half of the yr big cap chinese stocks will get a squeeze.

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  11. damn, i missed all the high flyers today, vrml, gfre ect.. congrats people, i need to pay a bit more attention to you guys.

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  12. GPL getting even CHEAPER..........

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  13. http://seekingalpha.com/article/270224-goldman-sachs-china-stocks-may-go-crazy-in-second-half-2011?source=yahoo

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  14. Is gfre GOING TO 6 TODAY LOL... GFRE =Born Free

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  15. miners still in a basing pattern......wonder if they're gonna tip over on another leg.......or tip UP

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  16. Inlet,

    Please do some chart analysis on LDK, right now I am doing 10 different things at the same time, today is an excellent scalp day. By the way on LDK I am not looking for quick scalp. I quickly looked at 50, 200 and all that stuff including the lowest it got during crash of 2009 market which was close to 5.

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  17. I just can't figure out this CYTR...Joe brought it up weeks ago...rec'd orphan status from fda..goes down..gets milestone payment contract of 120 million over course of next 12 mos...goes down....

    is it being accumulated for a pop? is it a dog with bad management?

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  18. quick reminder...abstracts for asco are released tomm....should be an interesting day in bio land...

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  19. taking large at 2.60 GPL... tight stop hit it again if necessary in the 2.50's

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  20. sheeps...see if the mm's can drive down gfre to 3.70-99 area again and this afternoon could be fun...5 million shorts...

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  21. Chuck,

    GFRE is set up for a nice squeeze, good sclap today and looking to reload again for another round.

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  22. joe,
    DISC is also finding buyers...level 2 is buys all the way to kli's house...

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  23. I will watch Credit Guy...

    Sean

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  24. sean...how's swami's...definitely not a pumper...
    just a spotter...

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  25. accumulating GPL EXK EGO yum yum......hope i dont get indigestion.....heheheheh

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  26. I would love to surf swamis...too congested with die hard locals. Hard to get a wave. When the swells are right salispudes is very very good. However, I have not been going much this year..I am not getting any younger but the surfers in general are.

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  27. salispudes....ahhh brings back good memories...great wave when its on fire..don't forget to stop at puerto Nuevo for some langosta, frijoles y arroz con mas margaritas

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  28. Kli,
    I got into SGG this morning at 68.40. Looking good so far. Also got into the miners as well. Thanks for the heads up.
    Rudy

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  29. gfre looking like it wont back down..shorts are in trouble

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  30. I believe GPL just released the investor presentation...

    http://www.greatpanther.com/s/IR_Portfolio.asp

    I check several times a day. first I noticed this. Looks positive.

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  31. mommy!! poor shorts...

    sean; production ramping up is nice to see in gpl report

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  32. oppenheimer conference with GFRE mgmnt...they might push this over 5 to buy in...hoping for a pullback...
    hope
    http://www.youtube.com/watch?v=9K30e9O3Nng

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  33. no real response...not sure this is widely know or it is old...I think the mm's have been beating this down prior to the q1 release which should be good.

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  34. just the usual MM set up for their turn

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  35. if I am right they are going to chop this miner trade up in a range for another few weeks....we'll see

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  36. they want retail OUT of the PM trade.....so they will do whatever it takes

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  37. gfre resting on 200 5 min chart...tough call but could be worth scalp....10am will be the tell..

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  38. I agree with your point regarding silver. The bankers HATE high silver for sure.

    No fair shoe clerks like me taking advantage of the bankers via silver. HA!

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  39. LDK should see a violent squeeze once more shorts pile on and the market turns. Seems solid but being a chinese company nothing is certain about their financials.

    Commodities and S&P still need to be taken down a bit to reload and that will encourage more shorts on these Chinese plays.

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  40. scei...cc in morning..similar setup as gfre..volume already...GS china talk...

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  41. Red,

    With small cap chinese stocks and accounting issues there has been problems but LDK is large cap with over 20,000 employees and lot of exposure, the reason it's being dumped has nothing to do with accounting, having said that if it retraces to $5 buy with both hands, the squeeze would be violent, last yr did the same thing along with March of 2009, stock went up frm 5 to 15. GS has been shorting it since it hit 15, same pattern all over again.

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  42. silver trying to turn green......oil going green

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  43. Chucky,

    I was going to post on SCEI and saw you already did it, you VULTURE, heheeeeee, I like that about spotters and traders, go get them.

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  44. FSYS may be a nibble here bouncin on dbl bottom

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  45. http://www.fool.com/investing/general/2011/05/16/5-stocks-for-the-transition-to-natural-gas-fuel.aspx

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  46. Is HW worth a look at this level? Just nibbled $3.48.

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  47. GDX, GORO, ANV, SLW all ok today...the question is will it last with PM opex next week on the 25th...charts hard to read these days (at least for me)...Will be watching ldk joe thanks, not doing any trading in here just yet.

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  48. HW looks like a falling knife to the 2.7 level......but then I could be wrong.....take any bounce profit and be happy

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  49. kli,

    When it's all said and done, this is my kind of music especially when I do business, nothing like the sound of electric guitar to keep me focused, when it's time to rock:

    http://www.youtube.com/watch?v=XWhInhE6emE

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  50. rockit..... brotha joe.....time ta breathe

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  51. Nice site Kli,
    Good calls also, I too see ag doing it's usual disappointment dance for weeks. Not too many want to face this reality, 6 up months have wiped the memory banks. GLD,SLV I keep waaay otm '13 puts on those shams. I too am scooping uxg,slx,ecu,agq
    all my babies on sale,being a true contrarian I hope this goes on til summer. This a great gift we have been given. I count my wealth in oz,gal. bushels,acres,heads,and shares.
    A hui hou, malama pono.

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  52. Geithner making comparisons in speech at Harvard tonite with the collapse in 2008.....hmmmmmmm.....they may be getting ready to REALLY suck in the shorts....hehhehehehe

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  53. welcome kumanari....please comment at will....

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  54. Joe - sorry was not paying attention to Kli's blog comments during the day - was busy being aware of the trades i was trying to get done (hehehehe), so I missed your request on LDK.

    But I have looked at LDK and here is my comments and a chart: http://swingcycles.blogspot.com/2011/05/ldk-05-17-2011.html

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