Wednesday, April 4, 2012

RIDE UM COWBOY

Ain't it a bitch. Just when you thought it was getting safe to go out they knock you in the teeth. Well that's the game and it will be the game. If you fold then you shouldn't feel alone. A lot of players in this game with a mountain of experience feel perplexed by the PTB and their ruthless dismantling of the traders in this PM casino trade. Maybe I've been in this rodeo too long and have been thrown by this bull too many times, but frankly I'm encouraged instead of discouraged. I knew a month ago I should probably have pulled a little more off the table than I did but I decided to let most of my position ride. NOT because I believed they wouldn't pull it back like they did but because THE LEVELS THAT PM EQUITIES WERE AT........represented a greater risk of not being IN than they did at remaining. AS they beat this trade around over the past few weeks like many of you I decided to chase the move down and I have. Can this get really ugly now and make me wish I had never seen a PM stock??? SURE!!! Will it? We will find out fairly soon. When I hear big players like Jim Sinclair feeling capitulation levels of depression I feel we are getting close. I try NOT to be a cheerleader for day to day moves but I will never apologize for advocating being in physical possession of gold and silver. As far as the paper trade of PM equities I have continually warned you this is a "fixed" game...so BEWARE. I've also said that I play it with the full understanding that PAIN is part of the game and you had better be willing to take it. I can assure you Joe is laughing at all of this right now and licking his chops at this takedown. Of course no one knows the bottom for sure........at least none of US knows the bottom for sure......hehehhehehe. One thing is certain.........YOU HAVE NOT SEEN THE TOP OF PM PRICES IN MINERS OR THE METAL. "You tell em I'm coming and Hell's coming with me!" gl all

20 comments:

  1. KLI, I see you are admitting it. You got burned by the folks in charge. They own us.

    They've pulled out all the guns to drive gold and silver down. I'm as pissed as you are. But we are the peasants. We don't even remotely show on their radar.

    The guys at MIT don't see a depression until 2030. And they are a lot smarter than us.

    http://news.yahoo.com/blogs/sideshow/next-great-depression-mit-researchers-predict-global-economic-190352944.html

    The end game is far down the road if they are correct.

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  2. Jay i have always tried to admit that....they have burned me many times in the short run....as the ultimately burn us all in the long run...right now you can look at this as a nine inning game in a world series best of seven games......were in the fourth inning of the second game and they just scored a couple of runs on me......I've still got my ace pitching and the best closer in the game waiting if I can make it to the eighth inning......and if i lose this game then its game three and game four etc...i can tell you many stories of trading that would curl your hair hehehheheheheh......I survived those and I don't see this as even close to those.....but "trading" this beat down is NOT my game...and I don't see it turning out to be a mistake.

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  3. ie. I will continue to advocate accumulating on this beatdown and NOT trying to day trade it for a much longer buy and hold timeline.

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  4. I'm so tempted to put a lot of cash into gold... But at the same time, scared crapless.

    I need to sleep on this and think about what you said.

    How far can they push this beatdown before it gets silly?

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  5. Couple comments:

    On Phil's site today, he wrote that GS's forcaster, David Kostin is giving a 3 month target for the S&P of 1275 and a 12 month target of 1250. Phil agrees with the 3 month target, but not the 12 month, believing that inflation will eventually cause the S&P to rise.

    Keystone today wrote that their various indicators are still bearish.
    Also, Keystone has predicted Natty Gas to be the best commodity performer for 2012 and is long BOIL. Now, just to point out, Keystone was bullish on Natty Gas last year, and was obviously wrong.

    Jay, I read the article you posted above from MIT. I believe that article is referring to the problems which will occur due to population growth, and that those problems will begin to show up in 2030. They are not referring to the financial "End Game/Cycle Theories" that are predicting a financial collapse between now and perhaps 2016.

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  6. Agree, Doc, saw the MIT article yesterday. Just don't trust anything GS says, but who knows? Kli, please tell Joe "hello". Will never forget his patience w/me. Tried to email him at the old one I have, acct. is closed. Look at GORO go!

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  7. sis i dont private e mail joe anymore but he is out there watching and communicates on different ids......and yes goro was one of the early miners he brought...hehehheehehe.....he recently compared PPP to GORO then

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  8. http://www.robertsinn.com/2012/04/05/europe-is-backkkkk/

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  9. http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/4/5_Bill_Fleckenstein.html

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  10. PAAS Trailing P/E (ttm, intraday): 6.24
    Forward P/E (fye Dec 31, 2013)1: 9.26

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  11. look at weekly volume candle on vxx in 1 yr chart...second time its been green this year...70 million green bar on daily this week at low.....hmmmmm...hmmmm...

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  12. Thx Kli, looking at PPP, but am overextended as it is! Son had surgery this am, another reason to chew nails today...in recovery, may go home in a couple of hours. Very bad gallstones, put off surgery but no infection thank goodness. Just talked to him. Lots of iv's still.

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  13. Thanks. What I don't like about all those charts is the 50 crossing the 200 downward.

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  14. well if it does sis it'll be another 2008 bottom.....and anything is possible..but with ben on the liquidity printing press I'm betting we turn

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  15. Well, That vix statement above was telling...sometimes I'm good at this...200pt down day on monday
    futures have priced in -134 today..

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  16. March NFP big miss at just 120K. Unemployment rate declines from 8.3% to 8.2%. Futures slide, for at least a few minutes before the NEW QE TM rumor starts spreading. The household survey actually posted a decline in March from 142,065 to 142,034. Considering Birth Death added 90K to the NSA number, the actual number was almost unchanged. The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000.

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  17. I highly recommend scrolling to the second half of the max keiser vid i posted above and listening to the Ricards interview with max........VERY powerful stuff

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  18. Everything good with your son Sis?

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  19. Hi, everyone. Thanks for your concern...it wasn't the cakewalk that it was supposed to be but I think he's on the mend tonight (72 hrs.)...don't like the Chris Powell article on goldseek. His scenario calls for storing your physical on another planet.

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