Thursday, June 9, 2011

DEFLATIONARY COLLAPSE

Yes ultimately but just not today. A lot of pain is in the air as the wound licking begins to reach a fever pitch. Don't worry it'll get worse. This game is all about pain. It always has been. It's one of the tools of the market masters. Right now the only pain that really matters is the "little guy" out there that is trying to keep or get a job and put food on the table for his wife and kids and a roof on their heads. The rest of this is only a game. Remember that. Unless you are in that group...take a back seat in the bus to hell. Because that's where we are headed.

Very bearish moves in the Miners the last few days. One of their favorite maneuvers is to drive you out of a sector with a particularly prolonged and severe beatdown pushing the sector to collapse then slowly takinng it up in a controlled manner. Many will sell on the "dead cat" bounce. Then the big boyz have it all to their selves until they cross into new bull territory again. Is that what's going to happen this time? Maybe. But I still haven't seen the evidence this bloodshed is over. For what its worth Hold that 50% cash tight here and see if we get a particularly bloody day in the next few days for at least a trade in you favorite long plays. In this case the miners like EXK AG SLW SSRI HL etc. HNR holding well also LNG GETTING TASTY. But this is a butchering so trades only.

ECB still playing games with the rate increase next month. Watta joke. Jawboning that piece of shit mess still. Have fun this summer. This casino is getting mean. gl

thnx klc


but they deserve it....hehe

47 comments:

  1. Yep it has been a meat grinder in miners.

    Today however I sense bad news is good news with respect to expectation of the next stimulus. Lets see if Janet can throw some fuel on the fire.

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  2. nugt and dust are sure to bring some interest to the miners.

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  3. been busy trying to bounce trade today....taking some bounce money from yest buy on EXK and GPL. Now trying a play on LNG

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  4. I am going to try and let er roll. EXK took a beating yesterday.

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  5. Kli, Sorry. Off topic here but would appreciate your thoughts on this link: Rare earths, Silver, etc.

    http://finance.yahoo.com/blogs/daily-ticker/red-alert-china-rare-commodity-monopoly-threatens-u-120216542.html

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  6. Brian & Ken,

    The play today at the open was long ORS, volume and bid picked up for nice trade.

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  7. mega scalp (for me) on LNG....watch it breakout now...hehehhehe

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  8. KLC....great vid....you don't need my input.....other than to say I know the physical components of silver and the vid is correct....should be a big conductor use as we have to solar and alt cars.....so long term trade for silver is bullish also AVL and PAL hehhehe

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  9. btw klc these two stocks including silver is exactly what this blog is and has been talking about.......

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  10. I will start paying attention to volume screeners to find things like ORS. I normally just have my list of known's stocks that I flip through looking for set ups.
    Got a good scalp on LNG today (thanks Kli) NVDA POT, RVBD.
    goal for the day is made. Taking some time off now.

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  11. Ken,

    For day trade paying attention to volume and bid pick up as far as tape is concerned generates huge profits for you especially with stocks that have low outstanding shares/ float, the violent swings are awesome when volume picks up, in the case of ORS, the outstanding shares/ float is only 2M which means explosions you get once volume picks up to upside is HUGE.

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  12. ORS and WEST should be on day trader's radar and when you see volume pick up get in for nice scalps.

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  13. Inlet,

    Hope you got your scalp on DCTH today.

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  14. joe,

    I ment'd CPRX a couple days ago...this is a vol. ticker you should keep in eye on...

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  15. joe,
    Liked ORS for the first 2 hrs of trading so thank you....like my boxing coach once said "stick and move"

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  16. Before taking WEST and ORS to the "woodshead" please for warn me/us....Especially chuck....dont want to get him on a tyrant again....down boy, down boy....

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  17. scaling into POZN here....dble bottom bounce, lots of cash...not going in large...

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  18. Chuck take a look at UEC....whadda move today...

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  19. Thanks, nice video klc...what is your opinion on ree? I traded that one last yr.

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  20. Tkx Joe for the sub 5 on DCTH. Got my scalp on DCTH and HL..

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  21. RENN getting squashed again today, so much for the Chi Net IPOs making "investors" rich.

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  22. Joe,
    check out BCRX..double bottom...nice short float, ..looks ready to explode one way or the other...47% institution owned...insider buying

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  23. http://www.martinarmstrong.org/files/Is%20the%20End%20Near%2006-05-2011.pdf

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  24. selloff into the close, a fakeout or start of another big leg down?

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  25. fakeout....bounce should last a few days....just a guess

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  26. EXK had a good day and closed at/near its high of the day. Should be a nice green candle, so I decided to hold it. Hopefully more upside tomorrow.
    Otherwise, I too remain concerned that the markets could head lower.

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  27. kli,

    that was my take. hoping for another leg up before or if a bigger selloff takes place.

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  28. I am going to pay attention to the 60 min chart on the SPY
    Looking for a stochastics cross up or a rejection at about the 5 period ma

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  29. most of their shorter terms moves are disguised but the longer term daily charts seem more clear

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  30. fast money all over the bad late day action.....just how bad it was and how you should sell into it........hmmmm

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  31. Kli, This pop is going to be short lived and we should see the market continue down starting as early as tomorrow afternoon and continuing thru Jun 15. Jun 15 is a full moon. Spiral dates show Jun 15 as a low: http://spiraldates.com/2011/charts/scores_0611.png Finally I show multiple short cycles bottoming day's end Jun 15: http://4.bp.blogspot.com/-Be8Ite0SftQ/TfExMMCUkMI/AAAAAAAAAcE/2tw3r-WhUZ0/s1600/0610spy.PNG

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  32. gottit Inlet.....lets see how good the short term cycles are here....Marty Armstrong calls for an intermediate top in gold on june 13-14 his 8.6 cycles have been good

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  33. Hillary clinton seeking the presidency of the World Bank.......hehehhehehe.....watta scumbag. Many of you know I am NOT a republipuke...

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  34. Kli - as I understand the positioning of the PI (Martin's) cycles the top was the highs in 2007. PI (1000x3.142 or 3,142 days) is 8.6 years. So a down leg of 4.3 years should bottom early next year. It is unclear to me exactly what he is predicting for Jun 13/14, but I see no contradiction of a gold rally in a general market sell off. But everyone seems to expect mid June to be interesting. hehehe

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  35. every kookoo astrology/doomer is zeroing in on June 13-15.....If red comes on and joins them then I know its all over.....otherwise....I'm not changin anything

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  36. If we get a touch of 50 on the GDX tomorrow I will try to add some goldminers for a trade.

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  37. from what i interpreted from the most recent Armstrong article, was he thinks the dollar could turn (UP) on the June 13/14th turn date, and he implied Gold could get spanked pretty hard by an up dollar move.

    $50 on the GDX tomorrow? that would be a huge down move. is helipcopter ben giving you some inside info? haha

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  38. rude only a hard beatdown of miners tomorrow to the lower trend line make me step in for buys....my core is full enough here. I'll try to make a buy if it hits 50 in the next few days...not heavy

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  39. picked up a bunch of pageviews from Japan.....last day and a half...wish they would comment about fukushima

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  40. kliguy38 said...
    "We will always have fiat and we will always have a fractional reserve system to steal your money. If gold is the standard then they WILL leverage it and destroy over time whatever fiat it underlies."

    While I enjoy immensely your superb analysis and commentary most of the time, I beg to differ with the above comments.

    The fundamental issue here is power. Money is power and the kind of power that can and has purchased political power. If you want to defeat the bankers, then a free people must come en masse to understand that any form of concentrated power is inimical to the interest that free people anywhere and has been at every point in mankind's history. This is the axiom, premise, or foundational prerequisite to a just political and monetary system. The idea is to keep the power spread amongst the people, broken into the smallest units possible, whether it be monetary, political, or the power of knowledge. It has always been the concentration of power that has led to the dissolution, destruction, and deterioration of all civilizations; their rise and fall. Until mankind grasp this concept on a broad scale we will never defeat the bankers, the elites, or their correlative political henchmen. So when forming a government, the people must make as their first principal the absolute necessity of preventing the concentration of any kind of power and/or monopolies of any kind or form.

    When anything is legally permitted to act or function as money, as is every individuals contractual right, you have made it virtually impossible for any kind of monopoly or concentration of power. Under such circumstances, then almost anything can act as money, the only caveat being that the contractual fiduciary relationship be honest and involve no fraud or deceit. Formally and legally in such a system you might have competing forms of money in the form of any kind of metal that has value. Gold, silver, platinum, copper, nickel, whatever could be used as money. Also, warehouse receipts,coupons, tokens, bills of credit, all have been used as money in the past. So, the simple principle is as in the division of labor, let there be a free division of monetary power in whatever form people may contractually care to establish. If people have control of their political system they can easily outlaw any form of fractional reserve systems, such as the Comex, SLV, The FED, Gld, or any form of hidden secretive non transparent market such as derivatives. The key is knowledge the ultimate form of power, and that power being fully divested with every member of a body politic. We can form such a society now that we have the internet.

    Remember for five thousands years both GOLD and SILVER have been the most preferred form of money. Both have been debauched when the power has been concentrated in the hands of a few, as in the Caesars of the Roman Empire.

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  41. Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the Field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they better not speak above their breath when they speak in condemnation of it. — President Woodrow Wilson, 1913.

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  42. Kli,

    you dig up some classic quotes, that woodrow wilson quote is a gemp, a pure classic.

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  43. ben....gl...I applaud your stance....and after observing the "Amerikan People" for over 57 years.......I will take the stance of a patriot in a "war movie" ...."I'll be behind you every step of the way"........Bill Murray in Stripes

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  44. Did you know that you can shorten your long links with AdFly and make money for every click on your shortened urls.

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