Tuesday, March 13, 2012

PUT AN ICE PACK ON THAT!

You wanna play this game then be prepared to have your ass spanked. That's the game right now. You are NOT wanted in this trade. Not even a little bit in on this trade. Its so bad that the miners themselves are being told to cease and desist. If you are a PM miner the word is out from the top.......shut up and don't pop your head up. You are NOT part of the plan to save the world. I think I like this. VERY negative sentiment developing for months now on the PM miners and the strong hands now control the trade. If the masters of the universe want to keep pushing prices down then I will tell you right now that there is money taking orders quietly. Still have reserve cash too and will continue to buy on further beatdowns. No buying today. May buy tomorrow. Right now just watching support holding in most if not all of my miners so patience is a virtue here.

There are continuing bank runs developing momentum in Italy and Spain now and the central banks are desperate to build confidence. A run at the breakout in the SnP is certain. We are in the most amazing display of central bank power and to watch the level of coordination between the media, pundits, hedges, bankers, and politicians makes one stand in awe.......and perhaps slightly nauseated. Just remember if you want to play in the casino you have to know who owns you.......gl

17 comments:

  1. http://hw.libsyn.com/p/a/6/7/a673d4382aa78782/Ranting_Andy_03-13-2012.mp3?sid=e032d4a43c707b08cfc4b49432e9a757&l_sid=34778&l_eid=&l_mid=2939155&expiration=1331695419&hwt=a2d3729b88e69c10ee60480836974805

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  2. Are we to conclude the PTB won't let the PMs run up this year again? Trying some other trades, got some ivan.

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  3. could really care less on their timeline sista....actually love the bearishness.......hehehhehehehee....and no I would not conclude the PTB aren't going to let the PMs run.....hehhehehehe.......I love where we are here......can we go lower? ASOLUTELY!!!.........will we??? hehheheheehe.....if I knew that answer I wouldn't still be breathing

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  4. Don't take this the wrong way but it's been quite the show ain't it......

    Nice chart on GPL might add some today or tomorrow.

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  5. Jay,

    fyi:

    http://www.zerohedge.com/contributed/2012-11-13/unmasking-federal-reserve

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  6. frightening beatdown of the PM trade in the thinly traded Globex......hehehehehe watta complete fraud........like they say who would sell large contracts of gold in a thinly traded market???? hehehehheheheehe

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  7. http://www.bloomberg.com/video/88261670/

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    Replies
    1. i encourage you to listen to these "raving gold bug conspiracists".......hehehehe

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  8. Great video, here's another from Jim Grant (with a chart): http://www.bloomberg.com/video/88249154/

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  9. Maybe you have seen this already.
    It is on Phil Davis's site, but I believe it was also posted on Yahoo. From a "Greg Smith" of Goldman Sachs.

    "believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it. To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money.

    What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym.

    I attend derivatives sales meetings where not one single minute is spent asking questions about how we can help clients. It’s purely about how we can make the most possible money off of them. It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as “muppets,” sometimes over internal e-mail."

    Keystone had some Gold Charts on its site this morning. They are predicting a sell off to the 1475-1600 range in the next several days to weeks, but then possibly to 1200 range in the next weeks to months.

    I don't know, but, maybe the metals need a decent size beatdown.

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    Replies
    1. they don't want you in the trade for a variety of reasons......I'll stay

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    2. Seems someone else mused about the same subject today.......

      From the Market-Ticker.org

      http://www.market-ticker.org/akcs-www?post=203365

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  10. Saw the op-ed in NYTimes, a bit skeptical since this is nothing new, guess it's just on a grander scale than in the past. Not sure why they are so adamant about not wanting us in the trade other than it verifies the lack of confidence in fiat. And as Rachel Benepe says in the video, it's a hedge ag. all hell breaking loose. China having big issues now.

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  11. Thank you Sir may I have another!

    Ouch, my account is as red as da picture!!!

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