Tuesday, April 17, 2012

What signals?? Oh....you mean these charts I post everyday. They actually do tell you a story. Just not the story that you want to hear. Its the story that has been warned about. Its the story that the big boyz have the capability still to hammer the miners into oblivion. Imagine that in early 2007 some one had told you that gold would be at almost 1700 FOUR YEARS LATER.....and many of the miners would not even be within 70% of their 2008 highs when the underlying gold was 40% cheaper. Hehehhehehehe ....tell me this isn't the greatest casino EVER!! Talk about the house having the odds!! But don't get too suicidal.........they'll make money on the long side eventually. It's coming. Miners will decouple from the general equities market when they really start to run....

Now this little jewel yesterday promises to get a major feud/war going... from Bloomberg..Argentina rejected Repsol YPF SA (REP)’s demand for $10.5 billion in compensation after President Cristina Fernandez de Kirchner seized its YPF SA (YPFD) unit, saying it hasn’t invested enough in the South American country.
Argentina will rely on “solid data” to value its takeover of 51 percent of YPF’s shares and not use estimates from Repsol, Deputy Economy Minister Axel Kicillof said at a Senate hearing yesterday. The government will ensure the profitability of the company “beyond Repsol’s expectations,” said Kicillof, who Fernandez named to help lead YPF April 16.
“The numbers that some executives talked recklessly about in valuing the company will be revised as we review the fine print and the secret information managed by the company,” Kicillof said, adding that YPF’s 2011 profit of 5.3 billion pesos ($1.2 billion) won’t be used for dividends and may be reinvested.
The appropriation damaged Argentina’s relations with Spain, its biggest investor, and put in question the future of the country’s largest taxpayer. Spain vowed to retaliate against Argentina’s exporters and Repsol Chairman Antonio Brufau said he will use all legal means to win full payment for the oil producer.  end..
Soon, survival will depend on which of the sovereigns will be able keep their resources and which one cannot. Can you defend yourself? No wonder the weak ones want the nuke. Its going to get very fugly.

20 comments:

  1. More scare tactics?? This was on Yahoo Finance.

    http://finance.yahoo.com/blogs/daily-ticker/gold-heading-700-author-sees-impending-collapse-124847501.html

    Phil Davis's Site today showed a chart of Equities (stocks) & Commodities plotted together. There is divergence with Commodities falling and Equities rising. Phil believes Equities will fall, and thus catch up with the falling Commodities.

    ReplyDelete
  2. morning doc.....still have the accumulation/consolidation game going here.........lets see if the can turn the metals green on a red equity day before it closes

    ReplyDelete
  3. Seems to me that "the boyz" will rip the miners skywards when the conditions are right. Once they see that enough shorts have piled on, up we go,...hopefully. So, I am kinda glad that story came out.

    I am still holding my SVM 7 dollar June strike calls. When you look at the open interest for the June options, there is a lot of open interest at the 8, 9, & 10 dollar strikes. So, someone must be thinking that this could go to 8, 9, or 10 dollars by June. But, time is ticking away.

    ReplyDelete
  4. I always wanted to go to Argentina, now it's too late/too dangerous. Heard a missionary talking about it on the radio yesterday, inflation is at 30% and things are really dicey. Thinking a double top coming for markets (maybe next week), then I will try some tvix if I get up my nerve.

    ReplyDelete
    Replies
    1. they will try and punish argentina.........

      Delete
  5. Must resist puking up my KGC shares!!!! This game is brutal. Good luck everyone.

    ReplyDelete
    Replies
    1. dont worry....thats what you are supposed to do......i think i will hang on and just let them play

      Delete
  6. I'm hoping they're taking gold down in anticipation of the Indian festival next week. But how low will she go is the question...Good thoughts goind to inlet, hope he's out of surgery and resting comfortably.

    ReplyDelete
  7. ryan: I've been messing around with charts on Scottrade all morning. I've been studying RSI and Money Flow Index the most.

    I plugged in KGC just for fun. It was severely oversold at the 9.15 to 9.20 levels.

    It looks a lot more comfortable at 9.50

    My little chart(not as fancy as KLI's):

    http://i.imgur.com/uHui8.png

    ReplyDelete
    Replies
    1. nice chart jay and throw them on comments anytime please

      Delete
  8. yup.....good luck inlet.......thinkin of ya

    ReplyDelete
  9. http://wallstcheatsheet.com/investing/are-taxi-drivers-buying-gold-or-apple.html/

    ReplyDelete
  10. here's one that falls under "are you kiddin'me".....

    http://www.thestreet.com/story/11489260/1/downgrades-roundup-arex-moh-paas-itg-ggp-bpo-vsat-acm-aro-auq.html?puc=yahoo&cm_ven=YAHOO

    ReplyDelete
  11. My wife recently got an iphone and today she changed her password, unfortuneatly her phone is now disabled. she called aapl and they want to charge her $59.00 to restore her iphone. A wonderful world we live in. I am trying to do a restore thru itunes but with no such luck. looks like i will making another donation to the pay package of $370+ million to Mr. Tim Cook Bravo AAPL

    ReplyDelete
  12. Do you have an Apple store nearby? They are in a mall near me and are packed helping people all the time. Maybe there is a charge, I have heard it said alot is free. I love their excuse for not mfging. in U.S....not enough engineers here to support. No mention of the workers' "pay" package.

    ReplyDelete
  13. i do have an aapl store about 35minutes away. thats where we will be heading tomarrow. its crazy , the iphone is locked down like fort knox

    ReplyDelete
  14. GL with that. I hope they don't charge you...isn't it amazing how dependent we are on these electronics? I was having phone trouble tonight too and positively freaking about it. And to think that I didn't even have sucha thing a few yrs. back.

    ReplyDelete
  15. rude's wife forgot the password. it happens. $59 is a bit much for forgetting the password. bet she never forgets it again.

    Did she try it with case sensitive characters? I bought the new iPad a couple months ago and it IS case sensitive.

    ReplyDelete
  16. Jay -

    Thanks for the chart. Nice work. Yeah, it looks way oversold, but could "float" in that oversold area for a while. I'm content to sit and wait at this point. It's getting a little bid this morning. Nice to see gold also going (dare I say) up!! Good luck.

    ReplyDelete
  17. Phil Davis wrote today that the market is moving higher on low volume, but then selling off at higher volume. He believes the market is trying to trick the sheep into buying the dips.

    AAPL is down big today so far. Is an AAPL falling to earth??

    ReplyDelete