Sunday, February 26, 2012

100 TRILLION LTRO!

YES!! It could be. One never knows just what might happen with the last planned LTRO announcement this week. ..from WSJ......
As we noted yesterday, a key event for next week, and possibly beyond, is shaping up to be the second long-term refinancing operation from the European Central Bank – otherwise known as the LTRO.
There seems to be a lot riding on next week’s LTRO. Investors have come to view the ECB’s cheap loans to the Continent’s struggling banks as a central to the recent stability in peripheral European bond markets.
RBS surveyed 160 bond investors and found on average the group expects next week’s take-up for the ECB’s money manna to be €574 billion. That would be an increase from the €489 billion hoovered up by banks in December.  Expectations ranged from €201 billion to €1.437 trillion.
And three quarters expect the ECB to announce additional LTRO operations, mainly if market conditions deteriorate. (Next week’s is currently the last on the calendar.)
According to Jim Sinclair the next few weeks promise to be some very exciting weeks for PM investors and just to show you how excited I am, I just might trade more than a couple of hours/day...sarcasm off. I am seriously expecting continued moves up for many of the miners during the coming weeks and hope that most of you by now understand just how much power the Central Bankers have and just how much they despise the PMs. They organize naked shorting of gold and silver and the miners to prevent the headline sticker shock from exposing their debasing of the world's currencies to prop up their horrific malinvestments. GL all and stay alert. The printing machines MUST go on.


9 comments:

  1. http://www.zerohedge.com/contributed/2012-09-27/what-happens-if-gld-doesnt-have-physical-gold-back-its-investment-funds?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

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  2. Hope you had a wonderful break. Great charts, thanks. Check out CQP, the parent of LNG (up over 11% today), has an 8% divi and is up almost 10% today. GL everyone, have major miner holdings now.

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  3. thank u sista.......should be an interesting few weeks ahead

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  4. Busy here today.
    AUQ doing fine.
    I would love to see these miners explode.

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  5. Kli
    Thanks for all the great posts. I don't have much to contribute, but I check your site every day.
    Tom

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    1. thnx tom.........we're in a stealth move here that has followed a long period of accumulation by the boyz........just sit back and relax

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  6. SSRI trying to break out.....most miners now appear to be closing near HOD.......i remain bullish

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  7. Sold closed my AUQ March Calls with a 13% gain.
    My plan was to close when AUQ hit $10 which it did today. I suppose AUQ could go higher, but with calls soon to expire, I took the profit.

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    1. great trade Doc.........sitting on my positions...may get a pull back and will add......will not give my positions but will post my sells AFTER the fact.....may post some of my smaller intraday trades but haven't made many over the past couple of weeks.......this is sit time for me here and let um play

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