Thursday, May 3, 2012

BAD MOON RISING

Tomorrow will be a strong day in the metals and Saturday's moon....the largest and brightest of this year's moons will unleash its celestial powers upon the evil gold manipulators. Perhaps that may be a bit hyperbolic, but one can dream. Certainly our pagan masters of the occult will try and gain strength from this spectacle of nature.

I didn't think I could here more crying on the PM trade but the internet sentiment survey has reached a new level of bleakness. One cannot be too happy with the slaughter unless you were able to be in heavy cash and buying at these levels.....I cannot say I am one of those...so if you are miserable with this beatdown then you may include me in the badly leaking portfolio.......but do not include me in the crying. ALWAYS this has been the game of the PTB and surprise by their ability is admitting complete lack of awareness of the game. Cheerleading for metals and miners is NOT going to help your trade.....but patience at these levels will. Lose your emotions and recognize your choices here. We are in the midst of a complete economic collapse with our pundits and politicians whistling past the graveyard. Bernanke, contrary to many pundits, is NOT stupid and is engineering the final years of the great supercycle collapse. Don't fall into the trap of believing the talk they are not printing. They are and they will continue to print. They will continue to put out the false fed speak of holding back printing, but they cannot stop.....the debt is unserviceable otherwise. They also need to keep the gold price controlled to keep from advertising their printing and to protect their fiat printing. Good luck with that one.

Spains bonds blew up 100bps today...this cannot be sustained without some major intervention. They are in depression and austerity at 50% unemployment in young workers is NOT an option......GET READY!

Italy is going to burn too this summer and that fire has to be put out.....PREPARE!

Egypt is about to blow........gl all.


54 comments:

  1. I was hoping for "good moon rising", but just read Martin Armstrong saying he'll have a shocking surprise w/in 60 days...hmmm. Gold/silver steady tonight, platinum & palladium up a bit. GL everyone. Looking at red's prediction, there is a large h&s which could produce 1300 then if neckline breaks, well...

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  2. sista .....NOTHING would surprise me

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  3. btw sista i agree with us due on the SnP to test the 200 dma.......BUT....will the miners decouple before that from the market......stay tuned

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  4. It seems like at some point sanity HAS to kick in on the miners trade. Hell I just FINALLY joined it and I'm already shaking my head in frustration though I've been watching the sector closely for years. I guess my only real worry is another 2008 episode but... miners rebounded quickly and sharply and the central banks WILL NOT allow that to happen again, at least not without throwing everything they have at it. I hate that the Fed and govvie bailed out the banks but at the same time if in their shoes I can't help but wonder if I wouldn't do the same. Of course the pain is going to be so much worse now so It's hard to justify the decision. I guess in a way I am thankful they have given us more time to prepare but at the same time I know it's going to be so much worse now. Like Kli says this gambling in the casino is fun but PLEASE if you don't have any physical acquire some. I don't have a whole lot myself but it's enough to allow me to sleep at night ;)

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    1. good advice hub that i am guilty of not probably stating often enough......you have to start measuring your money in ounces not in dollars.......this very fact is what the PTB are trying to fight with these beatdowns.....the headline number must be contained to prevent CONfidence erosion. Without CONfidence this entire game erodes very quickly and NONE of us are going to like what is next

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  5. Just to remind everyone, you may want to re-read Inlet's last post and look at his cycle chart. He believes that we could correcting over the next several months. His cycle chart for May looks rather ominous.

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  6. jobs number misses and of course none of us give a shit since the numbers are a farce.....designed to keep the public's CONfidence from collapsing.......put out the real number U6 + fake adjustment stats and you get over 20%........how do you think the public would swallow THAT........

    http://www.zerohedge.com/news/us-added-115000-jobs-april-huge-miss-expectations-unemployment-rate-81

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  7. and this was the number i was waiting for

    http://www.zerohedge.com/news/people-not-labor-force-soar-522000-labor-force-participation-rate-lowest-1981

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  8. Seems like bad number after bad number lately, Ben has gonna have to do something ;) Love it when Obama bot friends of mine brag about the unemployment rate and I tell them it's mainly just people giving up. They of course don't believe me ;)

    Our friend HL got downgraded by Cramer, which to me means a bottom is definitely in :) Whatta clown!

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  9. gold ripping now as predicted above......ehheheheh....bet a wanna know how i knew that one

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  10. How many times we gonna bounce from this area? Oy vey :) You can tell I'm bitter I don't trade it heh.

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  11. question is hub can they take it below the 1612 level without losing tremendous amounts of actual bullion.....this channel trade may accomplish their goal with time shakeout and their CB accumulation.....i dont really know......I do know they can easily take it down much further on a short time line......a month or two ......but the rebound would have to be very quick........either way the buy and hold at this level is how I'll play it...no wavering

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  12. Re: HL, Cramer knows he can affect the price in the s-t...so it's actually down. But then his friends at Goldman get the cheap shares. Nice game. Since it's opex Fri., anything can happen. They got all the calls, next up--the puts.

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  13. Yeah they can definitely take it down but they're really beginning to push their luck. That huge gold smackdown the other morning reeked of desperation to me. They're going to break the paper market before long and nobody will believe the prices. That's what I hope for at least!

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  14. they just smacked gold down under the guise of the fed govs saying QE still off the table..hahahahah sure it is.....so they sell 50K contracts in one minute to stop the breakout......hehehehhehehehee.........oh those chinese must be laughing their asses off as they scoop up the bullion..........

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  15. Chinese, Russians, Saudis, Iranians, etc.etc. This says it all about the U.S.: http://www.zerohedge.com/contributed/2012-18-04/lack-trust-%E2%80%93-caused-institutional-corruption-%E2%80%93-killing-economy "A higher percentage of Ams. believed in King George than in the gov't. today"...they know this, they are preparing.

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  16. I am liking the fact the sent oil into the showers. Finally breaking below $100. Got a little more physical today....Your right Kli, this is about the endgame! There is not way out for them, the printing has to continue......

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  17. yes indeed......note VERY interesting decoupling today OIL OIL...down gold up SnP DOWN gold up.......commods DOWN gold up.....

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  18. Oil down........ Might be simplistic but it is an election year! Printing fiat does have its unintended consequences!!!! What a mess they have going on Media is pathetic!

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    1. it is NOT simplistic ....you are correct.....very coordinated attack on commods....they will take the market down to a level that will "demand" "QE"

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  19. This comment has been removed by the author.

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  20. PPP is out and running! Get call Kli!

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  21. PPP was one of Joe's recent recommendations that I believed was cheap.......time will tell

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  22. Well, I just made one very small trade on some QCOM call options. I'm almost embarrassed to admit but my total haul after commissions was only $11.97 Yes, it's ok to chuckle.(Hey it's Friday)

    I really wanted to keep the streak alive on my new system. I guess taking a few peanuts is better than ending in the red.

    I see that most of the miners are flat, but gold is up .6% That's one thing that spooks me about the miner trade. Gold and miner prices don't always correlate.

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  23. PPP is a great play, was a steal in the $2.50 area. Unfortunately I wanted to do options on a miner and none are available. Their only real negative is they have to give so much silver up to SLW but they're sitting on some nice gold and that's where they're making the most money. Not much float either if I remember right. That's the one thing I don't like about HL, a lot of shares out there.

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    1. none are available........now i wonder why

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  24. equities are getting hammered......PM equities showing some green...I'll take that as a big relative positive......PM equities will follow the metal price......the system is upside down but I have to believe they want these miners higher after they cover their shorts

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  25. Not sure if somebody else has posted this yet but somewhat interesting - http://www.mcoscillator.com/learning_center/weekly_chart/gold_repeats_a_prior_pattern/

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  26. I am not a pattern correlator BUT ABSOLUTELY use it when I get it put under my nose and that is a great chart to look at Hub......everyone check that out .....these repeating patterns exist because they WORK for raping the peeps and snatching the peeps shares as they cry foul

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  27. Fascinating link Hubz.

    And you know, it's so easy to do these days with computers doing all the work. Just hit "run" and let the CPU's do the work.

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  28. hammer forming on SSRI.......hmmmmmm

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  29. http://www.beaconequity.com/we-are-preparing-for-massive-civil-war-says-dhs-informant-2012-05-03/

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  30. http://www.zerohedge.com/news/charlie-munger-civilzied-people-dont-buy-gold-only-pre-holocaust-jews-sew-it-their-garments

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  31. PPP - only got a taste, was waiting for a pullback to get some more. Never happened,same old story. LOL

    Anyone have that link posted a few weeks back where a consultant company was showing how to make a "good faith" effort to hire US workers before widening the search? I'm lazy and didn't feel like searching...

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  32. Switched from HL to AUQ calls, DEC 12 Now... liking the risk/reward a little better. Hoping for a quick pop to the mid $9's or $10 if I'm lucky then i'll bail.

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  33. Zerohedge just had a great tweet...


    Treasury selling AIG, Facebook going public: THE market top

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  34. Warren Buffett's right-hand man doesn't like gold as his boss does, Charles Munger told CNBC Friday on the eve of Berkshire Hathway's annual meeting.


    "Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in 1939," the Berkshire vice chairman said, "but I think civilized people don’t buy gold, they invest in productive businesses."


    http://www.cnbc.com/id/47298734/Civilized_People_Don_t_Buy_Gold_Berkshire_s_Munger

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  35. MF GLOBAL 2.0 MAY BE UNFOLDING NOW
    POSTED BY ANN BARNHARDT - MAY 2, AD 2012 11:41 PM MST
    If you are foolish enough to still be in the markets and you are doing business with anyone who clears through Penson Worldwide, you need to get out of there.
    The stock symbol is PNSN. Just google that and look at the chart. $31.50 high, now trading at $0.49, making new lows daily.

    In case you didn't know, I was clearing through Penson when I closed my firm last November. I was blessed in that all of my back office stuff was handled by a lovely little boutique office in Wisconsin that handled IBs like me, that had just been acquired by Penson before I came on board. I never spoke to Chicago or New York, just a merry band of Wisconsinites who were always wonderful to work with. I was truly blessed in that. (The cattle and feeder futures paper that I did in the pit, as opposed to the electronic, which was less and less over the years as the electronic markets grew and grew, was actually all done as give-ups by the FC Stone meat desk. Shout out to Larry and the Stooges, who still call to chat every so often, and have a photo of me with my pink AR-15 hanging in their desk. Good people.) But, the Penson ship is going down, it appears.

    They were in trouble last year when MF Global happened and were looking to dump their European divisions, and they did bounce a bit after MF Global when they unloaded their Aussie holdings, but it looks like it is all but over for them. The stock is cratering, and there is chatter on the net that they are taking forever to get cash withdrawls out, posted and cleared. That's a very bad sign. MF global was the same way in the weeks before the end.

    The extreme danger is that the CME is going to do with Penson what they did with MF Global and NOT backstop and keep customers liquid when the end comes. MF Global proved that the CME is no longer going to fulfill its fiduciary duty and will screw clients twelve ways from Sunday without hesitation. DO NOT get caught up in that crap. Just get out of the whole, stinking, festering, putrefied mess. Get out of the markets ENTIRELY.

    Here is a six month chart on PNSN, which is basically the timeframe since MF Global. Once it broke back under $1.00 in March, it has been Katy-bar-the-door. Strong support at zero. Ugh.

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  36. http://www.marketoracle.co.uk/...
    Is the US Killing the Euro? By: Dr_Volkmar_G_Hable

    My favorite quote:

    "In fact, I would argue that for monetary policies the "Mother of all Monetary Tests" is unfolding right now, as it may be that monetary stimulus is no longer going to boost the economy, but inflation alone, which would lead in a benign scenario to stagflation and in a worst case scenario to a inflationary depression a la 1980s in Latin America."

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  37. Almost regret posting this, McHugh has been wrong with his market calls so often,
    but his track record with precious metals has been very good, so FWIW:

    This MUST READ article is FREE at the Guest Article button at
    www.technicalindicatorindex.com : "Precious Metals and Mining Stocks are
    Approaching a Major Bottom," by Robert McHugh, Ph.D., May 5th, 2012.

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  38. Two mos. he suggests is a safe bet in that Operation Twist ends 6/30. If and when they announce, the pms should accelerate...the problem is, I don't put anything past them. With these job numbers, S.Am. style is my bet unfortunately. Still hoping something changes my mind. So far Europe, UK in the toilet and I don't think we're far behind.

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  39. Sarkozky out, Greeks are now in dissarray....so they hold the market up somehow with twist operations this week for facebook ipo and then katy bar the door?

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  40. hmmmmm.....must have been reading this site

    David Stockman: We are in the last innings of a very bad ball game. We are coping with the crash of a 30-year-long debt super-cycle and the aftermath of an unsustainable bubble.

    http://www.ibtimes.com/articles/337504/20120504/federal-reserve-bank-debt-european-central-bank-capital-markets-gold.htm

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  41. Euro below 1.3 now, futures down and look at oil ::), down 2.2%. And it's 14 hrs. before U.S. markets even open. Wish I had held spxu over the week-end.

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  42. BreakingNews

    Japanese stocks fall sharply; Nikkei Average down 2.8% - @MarketWatch

    europe implodes

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  43. I hope Hubz held on to his LNKD put options. They might actually be worth a lot tomorrow morning.

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  44. Futures:

    DJIA INDEX -126.00
    S&P 500 -14.40
    NASDAQ 100 -27.00

    It's going to be a bloodbath tomorrow.

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  45. late nite post in a few hours

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  46. Unfortunately, gold/silver falling along w/everything except the usd.

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  47. ...And the red gets redder....

    Futures:

    DJIA INDEX -139.00
    S&P 500 -16.40
    NASDAQ 100 -30.75

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  48. LNKD puts were weeklies so they've gone to option heaven I'm afraid :) Was not a large bet though. Never do that with options unless they have a boatload of time left (6 months min). Tomorrow is gonna be FUGLY. I know gold and silver are down but holding above the levels they need to, this is a good sign. It sure "feels" like some shit is going to begin to go down here rapidly. Getting that 08 vibe all over again ;)

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    1. Option weeklies. Now that's a true gambler. :)

      I'm probably going to stay all cash tomorrow even with the fireworks show going on. While I agree that '08 is in the air. I also remember the bailouts of '08, the PPT and of course we've got the Fed that prints like Zimbabwe. Ben is probably dusting off the QE3 draft that's been sitting in his safe for the last few months.

      "Finally I can use this damn thing!"

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