Friday, June 24, 2011

GDP...U.S. ECONOMY EXPLODING


Don't worry now its all getting better. Better than estimate GDP growth of 1.8% should make you feel warm and cozy. This is all about how CONfident you are and this game is sliding downhill fast. That's no what we are concerned about. We already know this game.

What is the path going to be for the world economies to shake out. This is all being managed for the first time in history on a coordinated basis. Never in the history of the world have central banks had this much control of all the world's economies. Its the greatest economic experiement ever. Even China's central bank is cooperating. All the economies are intertwined and their very political survival depends on trying to keep their economies afloat. Balancing the forces of stagflation and deflation are creating imbalances within their countries and will continue to. Eventually the imbalances reach the tipping point and the whole house of cards comes tumbling down. Meanwhile we play at the casino table.

I know there is the possibility this house of cards comes tumbling down at anytime. Of course those of us that view this cleansing as positive for the future want to see deflationary wash of the excesses....BUT...this can is going to get kicked. Its sick and its terminal but its on chemotherapy now. Hold EUO as a hedge for example if the panic or fear kicks in. Hold dollars. Hold UUP. More importantly you should have physical gold or silver.

ANV GPL charts look positive. Let's see if they hold.



22 comments:

  1. not seeing heavy selling in the miners...just consolidation moves....hmmmmmm...so far so good may get burned but added tiny anv and euo

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  2. will play EUO to the 139.....may take some off at 140.80 on the euro

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  3. Now selling goro looks like a good move, ;). Sittin' on the sidelines here. GDP numbers didn't convince the markets either.

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  4. Mobi, avl also strong today...tgif.

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  5. I think we see some fear trades next week in the euro from the greeks should be good for euo

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  6. That ain't no can, they are rolling an oil barrel down the road. hehehe

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  7. chop fest city today...

    good day to go play outside...

    setting up for next week?

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  8. Joe,

    Is your SLV short a day trade or are you holding until ~$28 silver? Thanks.

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  9. Beware when watching Napolitano......they trumpet the facts on FOX and then give you the solution as more coporatocracy ....this is fascism....but his video is VERY accurate

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  10. Sold my EUO August calls for a 28% gain.
    I will be up in Canada with no computer access, so I decided to take the money.
    I should have a chance to read some Canadian newspapers. If I read anything of interest for the group, I will post it when I'm back.
    Take care everyone!

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  11. Letting 60% of the SLV short ride for now!

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  12. http://www.stateoftheocean.org/

    all the other noise is just that....

    no fish, humans become extinct....

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  13. Joe, Kli and others,

    Can someone explain the action in LLEN at the close and then huge AH volume but with no price change. Is it a rebalancing of the Russell index? Any clues to what this means for the price. I have a small core at 4.77 that I am holding.

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  14. Ryan,

    It's Friday's Russell index rebalancing, it does not mean much. Seems like couple of rebalancing trades of 160K each. The real action would be next week during regular hrs.

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