Thursday, April 26, 2012

LOOK...GOLD'S GREEN

Can't be but it is. Your lyin' eyes tell you it isn't but it is. This could be it. Just don't get too excited if you get the snot slapped out of you with another take down. One way or another the PTB are NOT going to let you in this trade easily. One way or another they are going to make sure you don't make a big profit on the next up move in PM equities. Its not that they don't like you. They just know how you're going to react to what ever method they use to drive you out of the trade.

I won't trade the miners here.They took it down to bargain levels and I'm in the trade for the haul. So bitch slap away boyz. Most of you are seasoned in this trade and I don't have to remind you that this trade can get a lot uglier before the worm turns. Just look at the liquidity takedown in 20008.  I think the worm is going to turn and turn hard but that could still be weeks or months away. A lot of horrific news is coming in the economy and we aren't going to have a lot of  hard choices soon so gl .

33 comments:

  1. Double, double toil & trouble...Macbeth v. the natural order of things. So we aren't going to have alot of hard choices or we are going to have alot of hard choices? Don't know whether to add or sit tight.

    ReplyDelete
  2. Don't eat the Shrimp - It's Sp"OIL"ed.....

    http://www.zerohedge.com/contributed/2012-17-26/state-officials-alabama-close-gulf-shrimping-after-scientists-find-severe-def

    ReplyDelete
  3. OMG, just looked at a l-t silver chart and a huge cup w/handle looks to be forming from 1960...gotta run look at gold to see whether it's the same.

    ReplyDelete
  4. http://seekingalpha.com/article/535341-bullish-sign-zalicus-shareholders-receive-good-news?source=feed

    ReplyDelete
  5. http://www.martinarmstrong.org/files/Behind%20the%20Curtain/index.htm

    ReplyDelete
  6. from tricky Rick Ackerman As for Silver Wheaton, subscribers have been instructed to hold onto half of any shares they may have bought when the stock bottomed Monday at 27.96. Yesterday, tracking the ballistic move in bullion futures, Silver Wheaton traded for as much as 29.79. That represents a gain on paper of more than 8% in less than a week, since subscribers were told to take a partial profit near 28.61. With our cost basis effectively reduced to 27.47, we can afford to let our profits run. But will the move continue? It’s impossible to be sure. However, based on the energetic leap that these two silver vehicles have taken so far, we are encouraged to hold onto at least a small portion of our original position in Silver Wheaton for a potential four-bagger. We should note in the meantime that the stock is not yet out of the woods, technically speaking. By our Hidden Pivot runes, SLW will need to rally a further $2.44, topping a peak at $32.20 recorded on April 12, to turn the daily chart decisively bullish for the intermediate term. At that point, we’d say there’s at least a 40% chance that the correction begun almost exactly a year ago is over.

    ReplyDelete
  7. Yup, Rick does seem to be a little more encouraged about Silver then he has been as of late.....


    http://www.rickackerman.com/2012/04/may-silver%e2%80%99s-precise-bounce-is-most-encouraging/

    ReplyDelete
  8. I have been reading the last few posts you put up Kli, and I am really starting to believe that what I have been preparing for in the past six years is really coming. I NEVER wanted to be right about it! I was hoping our societies would come to their senses and take medicine. Man I was wrong! Now I will continue to beef up the prepping. More caches of food, different sources for energy and a place hidden from plain view. I just hope I have done enough to allow my family to survive...

    ReplyDelete
    Replies
    1. prepare but continue to live your life........as Jim Morrison's bio says...."Nobody Gets Out of Here Alive".....

      Delete
  9. Phil Davis wrote today on his site that "bad news" might actually "be good" for the markets since then the Feds may be forced to announce some type of program to save us. Ben implied that he will come to the rescue.

    ReplyDelete
  10. Exactly Rudy...I was hoping ag. hope, but now it seems we're in for it. Every relatively calm day is a gift. Don't know why anyone would want to "rule" over this mess...it takes a certain kind of devil. Or a clueless person.

    ReplyDelete
  11. Kli nails it, gotta be in for the long haul. This coming from the options trader haha but at least they're out til 2014 :) Wouldn't be the worst thing in the world for them to expire worthless as it would likely mean they've managed to keep this whole mess together for a little longer. ;) Everyone have a great weekend!

    ReplyDelete
    Replies
    1. I know I'll be tempted to trade on the run up but I WILL tend to be more disciplined on holding longer

      Delete
  12. I just realized that this blog is 3 years old. And I've been reading KLI since '08 on the SKF message boards.

    My how time flies.

    ReplyDelete
  13. I just went to check the SKF message boards for old times sake and saw a rarity.

    SKF and the S&P green at the same time. Gotta love this game...

    I took a screenshot:

    http://i.imgur.com/ZCmxY.png

    ReplyDelete
  14. Volume is super low today. Is everyone but me at the golf course?

    ReplyDelete
  15. Agnico-Eagle Mines Ltd. (AEM)
    -NYSE

    38.79 Up 2.95(8.23%) 12:57PM EDT - Nasdaq Real Time Price

    http://finance.yahoo.com/q?s=aem&ql=1

    ReplyDelete
  16. So So tempted to short Amazon right now.

    Amazon.com Inc. (AMZN)
    -NasdaqGS

    228.08 Up 32.09(16.37%) 1:06PM EDT - Nasdaq Real Time Price

    ReplyDelete
  17. confession.....just sold 5% of my PAL position for a nice profit....still holding 95% of my PAL position...just couldn't resist

    ReplyDelete
    Replies
    1. Itchy finger huh.......... hehehehe

      Delete
    2. North American Palladium Ltd. (PAL)
      -NYSE Amex

      2.98 Up 0.10(3.47%) 4:02PM EDT|After Hours: 2.99 Up 0.01 (0.34%) 5:16PM EDT - Nasdaq Real Time Price

      Went from 2.60 to 2.98 in a week.

      Delete
  18. PPP PAL very strong today...... Would not want to be short PMs over the weekend.....would be a nice set up for a crushing squeeze on Monday......... gl

    ReplyDelete
  19. I picked up a lot of Eldorado Gold in the past few weeks. I think it is worth around $18/share. It has favorable cost/oz and is geographically diverse. I think it is a takeover target.

    ReplyDelete
  20. AEM is the one I don't own....holding PAL too. If there's a squeeze on Mon., may buy ppp on pullbacks. Got started w/Kliguy on skf in '08 too Jay. Unbelievable..everyone have a great w/e. Europe looks totally bankrupt, but look at the euro. AUS/USD broke out too. Looks like it could be a good mo. for the pms.

    ReplyDelete
  21. SVM had a decent week--the last 3 candles are green. The chart shows a double bottom in April. The last two closing prices are above the 20 day MA.
    There is an article on SeekingAlpha about considering selling naked Puts on SVM. So, maybe the downside is over. Would love to see the squeeze.

    ReplyDelete
  22. Maybe this is why the rush to buy Gold as Red pointed out the other day....

    http://www.zerohedge.com/news/michael-krieger-rebirth-barter

    By pass the system......

    ReplyDelete
    Replies
    1. with fiat CONfidence collapse it is possible that the PTB will resort to some type of gold/commodity backed currency eventually just to regain their system's control.....before that happens you can expect totalitarian measures

      Delete
  23. bottom line.....we're going through a massive global deleveragin in the OVER LEVERAGED DEVELOPED COUNTRIES......its a war between the underleveraged developing countries ie BRIC and others for freedom from the dollar reserve currency chains....they're being raped by this reserve status and it WILL NOT LAST...but that is the battle

    ReplyDelete
  24. Yeah I found some reading on the SWIFT payment system. I did not know just what a powerful tool that is and how the BRICS are looking to start their own version of a SWIFT/COMMERCE bank and away from the SWIFT system. The more you read the more you realize what a real bunch of "BULLIES" the West has been........

    ReplyDelete
  25. http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/4/28_Egon_von_Greyerz.html

    ReplyDelete
  26. Keep in eye on OXGN....maybe buy if it pullsback with super tight stop at .91...this could run....

    cheers and happy sunday to all...

    ReplyDelete