Sunday, April 1, 2012

SO WHO IS ON THE OTHER END?

The tug-o-war on the equity side cannot go on indefinitely. It will be resolved. The question at this point of course is how. One can use simple logic and look at the charts and say it will shortly break and it should break to the upside. Unfortunately this is not true. The charts do not divine the next direction contrary to what all of the chart experts want you to believe. In fact, they can be down right misleading especially in the PM equities trade. Of course there is a reason for this. YOU AREN'T WANTED. Not only are you not wanted but there is a concerted effort to extinguish you from this trade. Unfortunately for the PTB they cannot leave this trade at this level much longer or problems they don't want to have will arise. The lower these prices get the more certain factions WILL accumulate....ie the blue light special flashing in aisle five is a real problem for the PM equities beatdown. If you take the heart out of the newbie longs and shake the tree one too many times then not only do you wind up with only the strong hands in the trade but you start to entice further accumulation by forces that you don't want in the trade taking the shares that you have been accumulating and therein a problem develops.

Of course I will continue to post my charts and I will try to ascertain that a "bottom is in or at least close" but of course we could still be a week or two away from the turn. My weekend read is interesting in the sense that a number of bullish reversal patterns are trying to form in many of the equities on their dailies and on their weekly charts. Will it be a bounce and then on to another low or newer low or will we start forming a series of higher highs and higher lows. Right now I am seeing higher lows forming on some important miners and this needs to confirm over the next week so hang on. Its a wicked game and you and I are only pawns in this tug-o-war. We mean NOTHING. Let the battle continue and just recognize the next ramp on the equities will be huge. gl

50 comments:

  1. http://www.zerohedge.com/news/guest-post-gold-cracked-dam-and-feds-small-thumb

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  2. all miners green in a grinding equities market......hmmmmmm. maybe maybe maybe

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  3. need to see this close and hold 1680 on gold....then confirm over the next two days

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  4. I wonder if there is some sector rotation. The biotech's such as NKTR, GALE, & ZLCS are all getting hit.

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  5. Nat gas trying to make a stand and needs to hold these levels...otherwise another large leg down.

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  6. kli,

    "need to see this close and hold 1680 on gold....then confirm over the next two days"

    thanks for the update, I was wondering what was the all clear signal. haha. Long EGO, PAAS, GPL. hoping this is the begining of the next leg up, just wish there was a bit more volume to this move. time will tell.

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  7. sheeps,

    i have been trapped in CHK since the $27.00 area. averaged down 2 times since. i will not throw any more cash into it. i letting the chips fall where they may. stealing a Kli-ism, you could say i am an "investor" with chk.

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  8. Ithink GPL may have 1 more trip down below 2.10..

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  9. Rude, I feel your pain on that. If this summer is hot there will be a sea chnage in the use of Nat Gas. Many more gas fired power stations these days. good luck.

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  10. sheeps,

    thanks, i need some luck. at the moment i am trying to make some coin in the PM's. CHK is out of sight out of mind for me at the moment.

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  11. Replies
    1. here's why....
      http://seekingalpha.com/article/442211-noteworthy-institutional-5-ownership-filings-last-week?source=yahoo

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  12. i can deal with GPL retesting 2.00 area. i am ok with my entry price in the 2.20 area. trying to time the exact bottems has cost me in the past. i have a little powder left, but not much. i want to see more volume on the PM's for confirmation. EGO and PAAS are the one's that will make or break me. for me, its not easy playing this game.

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  13. this is amazing...
    http://www.marketwatch.com/story/high-court-oks-strip-searches-for-any-arrest-2012-04-02?link=MW_home_latest_news

    So I'm arrested for trespassing on BLM land in the middle of Nevada...they can strip search me....

    I weep for the constitution...

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  14. definite sector rotation now to levitate the market and take out the overbot conditions....also I am noticing Intra PM sector rotation in my miners now for over two weeks as accumulation continues....its beeeeeutiful......

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  15. dont forget that the PM equities trade is a very crowded trade....now its less crowded BUT in doing so they have created a tremendous coiled spring in this sector so be prepared....AND be prepared for great volatility. The real money will probably be made on those that are willing to buy and hold here for the full run....and the full run on this weekly will be large...no targets until I see the first week or two

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  16. What's up with ric? Still has no debt, but is one of the lowest performing miners over the last few days.

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  17. Well this jewel goes hand in hand with Honest's post..... Guess I better lose some weight!!!

    http://www.infowars.com/arizona-passes-sweeping-internet-censorship-bill/

    Wonder if this will get to SCOTUS.......

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  18. gold needs to get thru 25 and 100 sma..1688 for further upside...

    OSIR had a little bumb today

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  19. sis if i remeber right the chart on ric showed the most room to correct back in feb....i kept a position after selling 60% but it was one of several I did NOT add to during the last two months because of the room to the downside on the weekly....so my guess is its more just technical bottoming....at work so i don't have my charts

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  20. Thanks, have a small pos. May add if we continue down..currently 7.76. Seems pretty cheap but will check the charts again. Just didn't see any neg. news & was wondering if I had missed something. Silver looking stronger than gold.

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  21. Hesitate to post anything like this but a buddy of mine owns large, large amt. of cnl.to...up over 3% today, says it will be sold possibly by YE. I may buy if it pulls back to about $7 or a little more. GL everyone. Gold just doesn't want to hold 1680.

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  22. gold wants to hold 1680 but the PTB dont want it to hold.....just yet.....patience....

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  23. Kli,
    here is chart to post....where is the demand...

    http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=a103600001&f=m

    in 4 years we use 50% less gas per day...yet oil is flying like a kite in a steady wind..

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  24. Honest,

    We are also a net exporter of refined oil products to add insult to injury:

    http://www.thebcobserver.com/2011/12/06/the-united-states-net-exporter-of-refined-products/

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  25. GREAT comment on gasoline!!!!!! chuck

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  26. Honest, that's the same site where I found the refineries shutting down in the U.S., 3 alone near Philly.

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  27. AEZS. any value after the beating this has taken?

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  28. AEZS at .50 is selling for csah value...

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  29. Keystone postulated this morning that not much will be said at the FOMC meeting. Thus, if no mention of further easing, the markets may sell off. However, then we are heading into a 3 day Holiday which tends to be bullish.
    So, maybe we sell off for a day or two, and then go back up as we approach the end of the week. Remember, the markets are closed Friday.

    We are just a short time from the FOMC meeting, so let's see what happens.

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  30. Doc, oil and fuel maybe pm's to get hit on major FED dissent regarding future QE..IMHO. should be a buying opportunity.

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  31. This is pretty brutal, all b/c of "expectations". PM charts now looking very beary.

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  32. Sheeps,

    I agree about the buying opportunity. Maybe this is the last dump with the metals to shake people out. Then the boyz will bring it up. Nenner said a couple weeks need to go by & then the metals will rise.

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  33. all a game and calculated to bring down the cost of gold here....hehheheheheheheh.....wish I knew how far the push it but if my wish last week holds....then we just may see more chop....

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  34. PZG acting ok, but was up 8% earlier.

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  35. If memory serves corrrect. The day after a "negative" FED is a sell. All a buying opp for pm's. waiting for the whoosh. Why does natty hold in on a day like this?

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  36. Also, GS economist pumping gold this morning so they must be massively short. :(.

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  37. same game....beat the trade down to contain it...no big deal

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  38. Kli,

    We gonna see the monkey pic tomorrow...... hehehehe

    Glad I held back some!!

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  39. Just bought some more KGC. I'm out of ammo, so I guess I'll join the rank of "investor". I'm content to wait and watch whether it's 1 month or 1 year. Good luck to everyone.

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  40. http://www.businessinsider.com/chart-of-the-day-gold-futures-after-fomc-minutes-2012-4#ixzz1r0othqS4

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  41. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/3_Peter_Schiff_-_Reaction_to_Fed_Minutes_Wrong,_QE3_is_Coming.html

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  42. anyone remember POZN, mentd last year....check out this chart and does it look like april 10 again..I had this at 3.80 and sold it at 4.35...whoops..

    http://finance.yahoo.com/echarts?s=POZN+Interactive#symbol=pozn;range=5y;compare=;indicator=sma(50,180,360)+bollinger+macd+rsi+volumema;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

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  43. what do you think Kli, on a p&f chart its projecting 15 and change...

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  44. an if you take the chart to max you can see that at its low it was a great buy, then look at the spikes when it crosses 360 sma...darn, what was I thinking selling

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