Tuesday, March 27, 2012

KILL THE TRADE

Take um all out. Bury the trade. Make sure we get them all out before this next move. That's the game.folks. Its  called accumulation. Most longer term and shorter term charts appear to be bottoming. One final plunge is possible but you cannot count on it. Once the bus is loaded this time expect some extreme volatility over the next few months in the precious metals. The game is to naked short the commodities trade here and provide Ben the cover to continue provided fiat to prop up the banks and world liquidity without the rising costs of essentials forcing an end to the ponzi. There is NO possibility this ends well. ALL longer term bonds cannot afford even a 100 basis point move without crushing the entire illusion so printing will have to continue unabated. The world is moving away from the dollar incrementally and with the recent restrictions imposed on SWIFT in the Middle East and Iran, the move away from the dollar to settle for Oil will accelerate as the US actually PUSHES countries OUT of the dollar as the reserve settlement currency. Imagine ....we are cutting off our noses to spite our face.

Today Bill Gross made an astounding statement on CNBS recommending gold as an investment going forward for all portfolios. This is an abrupt change in his recommendation on gold and has implications within the investment community going forward. These moves will happen gradually then one day the snowball will be an avalanche. Prepare for big moves going forward and hang on. GL


48 comments:

  1. I am able to post without the chrome upgrade...

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  2. Hello Kli!

    Good to be able to post here again. RE: Kill the Trade. This tatic is in heavy use just ask BATS. Nat-gas is being savaged too. A rough game is being played for sure.

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  3. don't worry sheeps they'll probably figure out another way to block the commenters

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  4. btw sheeps we're getting about 500 hits/day on my google stats....which correlates with the counter.....thats slowly increasing from when I brought the blog back after killing it last year......so welcome and please comment

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  5. http://thefundamentalview.blogspot.ca/2012/03/gold-and-silver-do-extreme-moves-lie.html#more

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  6. http://lewrockwell.com/reed/reed231.html

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  7. Kli

    Nice link you posted. "http://thefundamentalview.blogspot.ca/2012/03/gold-and-silver-do-extreme-moves-lie.html#more" I am on the bullish scenerio. I saw the same inverse headshoulders pattern on the daily chart of GPL, which was one of the reasons i threw some coin at it. Long EGO,PAAS,and GPL.

    One last note, I have recently traded HERO, and it could be close to an area to take another shot at it. hoping it drops in the $4.60-4.70 range again. weekly chart looks like a bull flag in the making, with support at the 200day at 4.59.

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  8. Phil Davis of Phil's Stock World recommended going into cash.
    The Keystone Speculator continues to predict that AAPL will fall and bring down the markets.
    I might sell covered calls on my NKTR position.

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  9. AUQ and GPL trying to find some buying in a down sector..........hmmmmmmmmmmmmm

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  10. Kli,

    Nice GALE scalp! ZLCS is starting to move north...ALSO watch CYCC, wait for volume and move over .75, seems hedgies wait for the 180 to get close to 50 and boom, lately
    http://finance.yahoo.com/echarts?s=CYCC+Interactive#symbol=cycc;range=6m;compare=;indicator=sma(50,180,360)+bollinger+volume+macd+stochasticslow;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

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  11. AAPL just went red.
    We could be in for some real damage.

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  12. HERO dropping. seems like if 4.60 doesnt hold, 4.30 area would be a potential target for a possible bounce. on the daily chart the 200day is 4.28

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  13. At 2.20 or right in here could start to scale into GPL....

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  14. I have 2.20 a lower Andews. Could be 2.21. This would be a retest. I think this fails and GPL goes to the lower BB. 2.08 ish. would buy there.

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  15. Tiny crash in AAPL --- not allowed to persists though, so here we are, back up again.

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  16. I'll wait for the lower on HERO and GPL

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  17. CPE is another small driller to keep an eye on. hoping it gets into the 5.70s - 5.90 range. depending on the what the market is doing, i may try and scale into it, if it gets to those levels. on the daily chart, 5.80 looks like the obvious price target for a temp bottem and a nice bounce. but only if it can be that easy. haha.

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  18. dang 15% on ZLCS and looking to rocket

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  19. RIC took a huge hit today, don't understand why. ;)...are you guys just trading zlcs or holding. It was a monster today. Congrats!

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  20. Sister, I scalped some...but me thinks it's heading to 3 again...slow churn...

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  21. Thanks, honest. Appreciate your responding. Personally, like the slow churns. Can add on pullbacks.

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  22. sis.....you should like the miners here then...hehhehehehee.......

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  23. Good for the Gold but not so much for a few other folks........


    from ZH:

    http://www.zerohedge.com/news/iran-oil-flow-slows-price-fears-rise-%E2%80%93-risk-war-support-gold

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  24. Well,...now let's see what happens with AAPL.
    Cramer made AAPL a buy yesterday.

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  25. Rudemood.....I looked at HERO chart and will pass until I see how it handles the RSI on the weekly it has a terrible volume turn spike on the weekly so be careful

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  26. GM, Kli & all..Afraid I'm locked & loaded on the miners from avging. down, lol.

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  27. Oops meant to say, take a look at zgnx too.

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  28. I'm there too sis hehehe......still have a few fiat left if they tank to the final flush......

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  29. KLi. what did you see in Gale on pullback that made you jump back in? the gap close on big move up?

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  30. added RIC here may go down to 6 though

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  31. chuck I'll post my chart on it

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  32. there its the ten minute i had used on it

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  33. Thanks KLi, 1380 snp looks like solid support if it makes it thru 1397...

    ARNA might be a good scalp..fda panel is in may so it give hedgies 2 months to move it up and down with peaked interest of retail traders...

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  34. will look at it now chuck thnks.........also i see real buying of physical....hehehhehehee they are in deep chit here should turn

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  35. Just bought some more KGC. Still have a little ammo left if it continues to fall. I feel like I'm getting a bargain, but it's hard to watch my portfolio drop daily. Good luck to everyone.

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  36. Keystone posted a chart on Kinross--showing oversold falling wedge with positive divergence.
    So, maybe were bottoming.

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  37. sentiment seems dreadful for miners but it CAN get worse....hehhehee...unfortunately my fiat is dwindling for the "last buy"

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  38. stealth buying continues in the miners PAAS SSRI PZG green...

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  39. Kli,

    thanks for the opinion on HERO. I saw that volume spike on the weekly, possibly its an exhaustion bar, haha. but seriously, i agree, its a red flag for sure. on the daily chart it seems like it may want to test the 4.28 marker.

    RIC is interesting, the charts look ugly though. the one positive is it is severely oversold. at some point one would think it would atleast have a deadcat bounce.

    not sure what gold/silver is going to do, on one hand i am waiting for the fear trade to come alive, on the other hand i wonder if its going to be taken down with commodities if the mkt corrects. long EGO, PAAS and GPL

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  40. still don't see the turn day on this move down in the PMs

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  41. whoops spoke too soon.....BOINGG!

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  42. Great to see all the comments here. Need the moral support. UBS lowered their ye target for gold from $2050 to $1680 per Bloomberg. GS maintaining $1785 for 3 mos., $1840 for 6 mos. and $1940 for next 12 mos. Hmmm.

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