Wednesday, June 6, 2012

WAAA WAAA WAAA

Wouldn't ya love to be able to stop these manipulating baastids?? Well forgettaboutit.......they've been at this game a lot longer than you or I have. This is centuries of knowledge and under their control are thousands of the brightest minds big money can buy. Of course if you want to fight the daily fluctuations of this trade then go right ahead and be my guest. I know I cannot help myself and have to make small trades on the edge of my holdings. Its very small but it keeps me awake. They really don't care how much retail cries about how unfair the casino is because that's what they are .....the casino....and they make the rules not us. So when we play in this game we are going to have to take the lumps. The game is to get you OUT of your PM shares......many of these stocks will ultimately be 10 baggers or more......most of us will trade out way before that like all retail traders do and pocket our 20%.....while these stocks rocket......it will be truly breathtaking.....enjoy

Looks like the thinly traded AH is taking gold to the woodshed after spiking it up to 1641 today......hehehehehehe....I still hope they rip golds ass off so I can get my last physical buy but I won't hold my breath. They know a lot just like me are waiting and that they are losing physical by the tonnage at the current levels.....but hey....you can dream.

How'd ya like that short squeeze today in the general market. OUCH......some trapped shorts once again get burned. That's where the morsels of what's left of the market players are........short........so they have to donate. Wonder if they'll crush a few more tomorrow with some Bernank news?? Or will they clobber gold hard.....Gold should retest 1600 area again .........at least........you would think......oh well......here are the charts......see ya tomorrow.

Russian central bank won't answer gold questions

 Section: 
8:43a PT Wednesday, June 6, 2012
Dear Friend of GATA and Gold:
If you doubt that national gold reserves, far from being quaint antiques, are assets even more strategic than nuclear weapons, and if you doubt that the gold market, far from being just another commodity market like soybeans, is actually the primary battlefield of a world war, the currency war, consider the questions recently put to the Bank of Russia by our friend the German freelance journalist Lars Schall, and the Bank of Russia's refusal to answer this week.
Schall's questions well might be put to any central bank and probably would evoke the same refusals to answer. On any planet with actual financial journalism, a news story might be found in this secrecy and certain conclusions drawn from it. Instead when it comes to gold the financial news media settle for comment from supposed market analysts, taking for granted that the market's biggest actors are not to be pressed for answers and not even mentioned if mentioning them can be avoided.
All this constitutes another proof of a heavily manipulated market, even as such manipulation is denied by market analysts whose next question to central banks will be their first.
Schall's report is headlined "Central Bank of Russia Refuses to Comment on Gold Questions" and it's posted at his Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



48 comments:

  1. At least the Chinese are doing their part, surprise interest rate cuts sends Gold and Silver green.....I wonder for how long though?

    ReplyDelete
  2. yup.....goose the market from the Chinese today

    http://www.bloomberg.com/news/2012-06-07/asian-stocks-extend-rally-on-stimulus-optimism-oil-gains.html

    ReplyDelete
  3. Sheeps,
    You mentioned the Malthus theory yesterday well check this out, one can contribute to the cause and get a cash bonus for your efforts! Radioactive green tea and glowing spicy Tuna rolls will help the cause well!


    http://www.infowars.com/time-magazine-pushes-death-agenda-remove-feeding-tubes-from-the-dying-elderly-and-get-a-cash-bonus/

    Now what will the Bernank say today........ hmmmmm

    ReplyDelete
  4. Phil Davis didn't show the math on how he arrived at this claim, but he writes that it takes 10 Billion in stimulus to raise the S&P by 1 point. He feels that the 0.25% rate cut by China translates into 100 Billion in stimulus. Thus, this 100 Billion could raise the S&P by 10 points.
    He goes on to write that things are not going well in China. Iron ore, copper, & coal are piled high. Their auto industry is producing cars faster that the dealers can sell them.

    Let's see what Ben says today.

    ReplyDelete
  5. gap fill on slv...we rock today....imho.

    ReplyDelete
    Replies
    1. Yup this action is fine, just as we expected more jawboning from Ben. Silver will be in the mid 30's sooner rather than later.

      Delete
  6. It was hard to predict yeterdays beige book tape bomb pm take down....If the SLV cannot hold 27.75 then we have problems. Back and fill thus far.

    ReplyDelete
  7. Gold miners getting ripped. Hard to imagine the markets believe Benny won't be printing. What a joke.

    ReplyDelete
  8. Also, anyone else looking at solar? Talk about a beat down. I have SOL, and HSOL on my radar.

    ReplyDelete
  9. I thnk Mr. Market is going to deliver Dr. Bernanke a message today....the message is you have your head up the ol wazoo.

    ReplyDelete
  10. Yada, Yada, Yada........ Nothing new, same nonsense, He says nothing and PM's get hammered! It all under control, now just move right along pleebs......

    ReplyDelete
  11. This just in... gold and silver are completely worthless. ;)

    ReplyDelete
  12. I feel like Kohnan the Barbarian right here...going to take another stab at 3x etfs pretty soon.

    ReplyDelete
  13. Well the run in Gold and Silver have been bitch slapped down again. You could see the set up a mile away. Oh well, just have to watch if we get a higher low in the HUI. It will be hard to keep these markets green today. Would love to see a huge sell-off......but who knows.

    ReplyDelete
  14. AUQ still higher than it was when gold was previously at this price so I'll take it. Don't even understand why specs try to play Gold and Silver futures without the ability to withstand these constant waterfalls. They're obviously going to run stops.

    ReplyDelete
  15. Total meltdown. What a wild ride this stock has had this week.

    Golden Minerals Company (AUMN)
    5.09 Down 0.50(8.94%) 11:36AM EDT - Nasdaq Real Time Price

    ReplyDelete
  16. I'm surprised Ben didn't announce QE3 today. Could it really be that he's going to try some free market capitalism for a change?

    ReplyDelete
  17. The action in silver is VERY constuctive thus far. Get long above 27.75 stop at 27.56

    ReplyDelete
  18. wow, big move up big move down...back to where we were...

    hourly
    http://postimage.org/image/bbq1hazlj/
    2hour
    http://postimage.org/image/z7ik7y11n/
    4hour
    http://postimage.org/image/ppb1q9uj5/
    8hour
    http://postimage.org/image/ft9yqmor5/
    On daily the 50 kept it in place..everytime it blows thru the bb bands it gets whacked up or down...

    ReplyDelete
  19. Gold is getting destroyed today!

    1,582.00 Down 50.80(3.11%) 11:17AM EDT

    ReplyDelete
  20. Jim throws in the towell...

    http://www.jsmineset.com/2012/06/07/in-the-news-today-1210/

    ReplyDelete
    Replies
    1. Another one bites the dust, another one bites the dust.

      Delete
    2. just for today i believe

      My final post for today is:

      QE to infinity here and in Euroland is as sure as death and taxes. Denials are also as sure as death and taxes before it occurs.

      There is no other possibility. Who could be so stupid as to think it would be announced today?

      Regards,
      Jim

      Delete
    3. There will definitely be one final flush before they announce any form of QE. They'll take all upward momentum out of commodities before they unveil the big surprise. Always darkest before the dawn so when all seems lost, that's when we'll get it.

      Delete
    4. yup........gotta flush it before "everyone" knows the scam

      Delete
  21. Didn't expect an announcement today, may not get one at all due to confidence erosion if it's "official". Don't forget that Kli has pointed out gold retreats significantly every time BB speaks. We could have a few more mos. of this. Took an unofficial poll among partygoers last week-end, not one knows a thing about PMs and one said "hasn't gold already gone up alot?" Great! We aren't anywhere near there yet. (These are sophisticated and educated peeps).

    ReplyDelete
    Replies
    1. EXACTLY sista....we are no where near the end

      Delete
  22. Turd is even pretty frustrated it seems and is cutting back on the charting etc. Talk about utter disgust in the metals space. Honestly who is left to shake out except those that won't be shaken out no matter what?

    ReplyDelete
    Replies
    1. when you want it ALL then you want EVERYBODY OUT......Patience

      Delete
    2. BTW I agree with most of turds post today regarding how he is addressing the manipulation and the charting....he finally hooked up with some guys that truly know this game and i think they educated him....he's less boisterous nowdays.....we all are

      Delete
    3. also turd has biases like all of us but he had some of the ingrained neocon ideology that really goes to the heart of some of the game......this bias IS used against his ilk....its hard for him to overcome this but he reluctantly has moved more towards a political "agnostic".....he still has to fight it though

      Delete
  23. Sis, most folks are just too busy. Others just rather Facebook, Pandora watch sports etc. It takes an effort and an investment of time to even begin to understand the forces.

    The masses are divided by race, team, sex, guns just the way the ptb want it.

    So busy being pissed at the dems or republicans and toting the party line even if they have no clue what the party stands for anymore.

    I give up.

    We just do our thing and be prepared tis the best we can do.

    ReplyDelete
    Replies
    1. i rarely try to "explain" the game to friends anymore....if you can't see it now the You are stupid....or ineducable....or just too blinded by your well formed biases........so why bother

      Delete
  24. I'm thankful I stumbled upon the SKF board in 2008 and learned so much from everyone there. I'm a slow learner so it's really just begun to fully click this year. Luckily I took all my spare cash in 08 and purchased gold and silver near the bottom, just lucky to be honest, and should've bought miners in retrospect haha ;) But yes it takes a ton of effort to understand this. Hell I get so overwhelmed just trying to explain it to somebody I just end up rambling haha!

    ReplyDelete
  25. I am moving closer to te idea that we should never talk about our trades ever....maybe by sms text or some private invitation only place. But "THEY" know what we feel, think. Gold bugs should just go dark.

    ReplyDelete
    Replies
    1. I think that has a lot of truth in your statement...they know where your stops are, when your buying, getting nervous on positions etc....
      Sometimes I do go dark...and it seems to help...

      Delete
    2. Heh i've actually setup a trading chatroom on IRC before. Could be done again :)

      Delete
    3. they can follow chat rooms but they dont have to......they only need to watch you stops as chuck says.....they have pro sentiment analysts that do NOTHING but caluculate maximum impact...........just buy and hold and buy the oversold and sell the overbot

      Delete
    4. they have sentiment readers ...but in this case they already know technically where your shakeout is.......its up to you to guess their stop shopping moves....in my case i trade smaller amounts for day trades but they have already given my the gift of loading up......they may inflict some paper pain for awhile but i am happy just to watch

      Delete
  26. well hold down the fort..gotta go buy 2 yards of organic horse poop..!!! So go long horse poop now.

    ReplyDelete
  27. tough trade but this pullback is nothing but technical....so don't sweat it

    ReplyDelete
  28. When you follow the markets closely every day like we do here, it is easy to become lost and frustrated. I try to take a step back and try to see the big picture.

    I am hoping Inlet is getting better. I have found his cycle charts helpful.

    ReplyDelete
  29. I'm worried about Inlet......no further posts

    ReplyDelete
  30. I hope Inlet is OK. I think Inlet is Fly and if so have the upmost respect.

    ReplyDelete
    Replies
    1. inlet is not fly......he is a hard core smart stubborn muther focker.....(like fly)hehehe....I know who both are......and very opposite in many ways too.....

      Delete
  31. worth the read...


    http://www.zerohedge.com/news/guest-post-china-will-blink-and-gold-will-soar

    ReplyDelete
  32. goin to the mattress with liquidity in Asia.....extend and pretend with a 25bps not gonna impress anyone......gonna have to go nuclear to get some action for the boyz.......bring in the fear and scare the peeps

    ReplyDelete