Tuesday, April 10, 2012

WINDS OF CHANGE

Or just another fakeout for a shakeout. The tepid reversal today of the PM equities and gold certainly should encourage you that we are in a bottoming process or heaven forbid an actual bottom, but caution and patience must still be the watchwords. Anytime you see that severe of a sell off in equities and the PM equities rally (at least a little) then we have to take encouragement. They can keep this sideways movement as long as they want but all we're doing is creating energy for the next up move. My concern right now is the complete lack of attention that is being paid to the actual structural problems that exist as a building tsunami that will eventually land on our shores. Even though the printing presses have managed to paint a picture of recovery and hopium....the facts show we are getting closer and closer to the edge of reality.

This world is not equipped to handle the deluge of hardships that are required to endure this washout so I suspect the price we will pay will be severe. Gardens and food storage SHOULD be prepared now.....NOT in a year but NOW. You can google several sites or go to Alex Jones site inforwars for recommendations such as Patriot seed...etc. I can't see the harm in preparing and I CAN see the harm IF the SHTF scenario does materialize and you are not prepared.

Miners still may have a little more downside so be patient. Time is on our side now so hang in there. gl

21 comments:

  1. Phil Davis wrote today that S&P could bounce to 1372 range, but would not get bullish unless it can get to 1384 and hold.

    Keystone posted today that there is "Disinflation" but not yet "Deflation" based upon a parameter it calculates. Keystone does not feel that QE3 will be announced until "Deflation" occurs.

    So, seems to me we need to sell off more.

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  2. comex is getting closer to the day of reckoning..

    http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WAREHOUSES%20REGISTERED%20SILVER&etfcode=COMEX%20WAREHOUSES%20REGISTERED&etfcodecom=SILVER

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  3. Thanks for all the posts Kli. Much appreciated.
    Tom

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  4. Check out this p&f chart on pozn

    http://stockcharts.com/def/servlet/SC.pnf?chart=pozn,PLTADANRBO[P][D][F1!3!!!2!20]&pref=G

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  5. AAPL trailed the Nasdaq all day, and now just went red. Could the bounce be over??

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  6. Interesting little tidbit re: AAPL

    http://www.bbc.co.uk/news/business-17681137

    Looks like they're getting the "Microsoft" treatment from the DOJ

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  7. AAPL........"the greatest toy making company EVA"......and its the largest corp in the world....says everything about us

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  8. I agree 100 percent with your thoughts on AAPL. BTW...I got major heartburn re: the market. I closed every trade I have on.Including IRA accounts.

    I do not like ANY of the charts.

    Maybe I am just tired and need a break.

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  9. yeh sheeps its a joke.....btw the miner trade could still get the chit kicked out of it but long term I'll stick with it

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  10. I will be looking for opportunities in miners. That would be my first re-purchase.

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  11. Anyone here ever follow inthemoneystocks.com? They are calling for a huge "buying opp" for the PMs later this yr. Think they end the yr. down. Ouch!

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  12. no one "knows" sista......best to be invested with some cash in case they dump it another 20%.....

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  13. this beat down could easily last through the year however.......easily

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  14. Especially if the election yr. "recovery" continues. Have to say just observation, things are really hopping here, restaurants packed, mall very busy compared with the last few years...all b/c we're cranking it up for the Dem. Nat'l. Convention. Fiat rules (temporarily at least)!

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  15. On Phil Davis's site, he wrote that Gary Shilling stated that the earnings on the S&P may get revised down to "80", instead of "110". Also the P/E might contract down to "10".

    Doesn't sound too good. AAPL is trading down in the pre-market.

    A red day??

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  16. better read this one

    http://www.thechinamoneyreport.com/2012/04/10/china-to-maintain-gold-focus/

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  17. spike today was well planned, caught shorts on their hands...blew thru 1374...used commodities to ramp it along with fresh money from somewhere...risk looks to be on again...

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  18. why...yes i do tom......hope im right

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  19. todays action confirms nothing....lets see the next week

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