Tuesday, July 3, 2012

BABOOM

Strange days....its going to be the norm going forward. The chewing gum in the leaks is starting to unwind. The CONfidence game is in its last stages but never underestimate the game. It can destroy you in a number of ways that we have never even discussed. Do not leverage yourselves in this ponzi.....they ARE better than you and trying to guess their timing is not for the amateurs.....only for the the pros.....and only one of you is a pro.

This is family time and until markets open Thursday try and enjoy this your time with your loved ones. As we have discussed here many times the gold and silver trade is being beaten silly by the fiat masters. Anytime central planners let the headline number of gold and silver rise then you know there is a big problem. This is like waving a great big danger side in front of the investment community. In spite of the best efforts of the mainstream media to lambast gold as a relic it continues to grind up. The control remains in the hands of the bankers but its going to have to be allowed to rise. Money is taking possession of the bullion and that is the achilles heal of the game. As CONfidence begins to deteriorate in paper gold you will be amazed at the moves that will come.......Happy Fourth......

35 comments:

  1. IN CONGRESS, July 4, 1776.

    The unanimous Declaration of the thirteen united States of America,

    When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

    We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.--Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

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  2. He has refused his Assent to Laws, the most wholesome and necessary for the public good.
    He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.
    He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.
    He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public Records, for the sole purpose of fatiguing them into compliance with his measures.
    He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.
    He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the Legislative powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.
    He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.
    He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary powers.
    He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries.
    He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.
    He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.
    He has affected to render the Military independent of and superior to the Civil power.
    He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:
    For Quartering large bodies of armed troops among us:
    For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:
    For cutting off our Trade with all parts of the world:
    For imposing Taxes on us without our Consent:
    For depriving us in many cases, of the benefits of Trial by Jury:
    For transporting us beyond Seas to be tried for pretended offences
    For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies:
    For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments:
    For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.
    He has abdicated Government here, by declaring us out of his Protection and waging War against us.
    He has plundered our seas, ravaged our Coasts, burnt our towns, and destroyed the lives of our people.
    He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.

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  3. He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.
    He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.

    In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

    Nor have We been wanting in attentions to our Brittish brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which, would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.

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  4. from: http://www.archives.gov/exhibits/charters/print_friendly.html?page=declaration_transcript_content.html&title=NARA%20|%20The%20Declaration%20of%20Independence%3A%20A%20Transcription

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  5. welp, 'bout due for a dollar rally.....I think the rest of the week everything and everybody disappoints....Jobs..zilch.

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  6. will watch closely whether miners decouple from dollar correlation at this point

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  7. Thanks for posting that Tom...it so often reminds me of what's happening and has been happening. The elites=the king. So many I know now agree...Out of town for a couple of days and now know what was wrong with RIC. Are you guys holding? I have no stops on my miners so I still have mine!

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  8. it looks like ARNA shorts better be out as it begins climb north...

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    1. Still holding my July Calls, would love to actually get out flat on them :)

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    2. you might just do that or better over next week...

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  9. very positive technical moves today for miners......

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    Replies
    1. I agree....light day and they seem to have volume flowing in...

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  10. I mentioned above i wanted to see the miners respond to a strong dollar weak gold day.........i have my answer.....the rest is noise from now on out

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  11. Kli, how bad is RIC? may take a flyer on oversold....

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    1. Sheeps, I don't think DCTH is going to 1.40's anymore...

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  12. That's what I want to know sheeps! Thanks.

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  13. Jumped into Sept 29.50 calls on SLV. Let's roll ;)

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  14. I saw this move coming on Tuesday when I ment'd bio spec play is on the move...wasn't confident in move so held off mentioning symbol....my bad...could run to a $1...

    OXGN

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  15. Honest,

    ZLCS has retraced and is now near its moving averages. Do you think it is being accumulated here? I don't have a position. Do you still like ZLCS?

    Thanks!

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    1. I'm in and comfortable with position...looking for much higher move over next 3 months...1.80+

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    2. damn Doc, did you just buy 800K shares? right after you mentioned it..

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    3. bought more at 1.16....great volume...being accumulated to the max

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    4. Yeah, I found 800K in my sock drawer this morning, so I was trying to figure out what to buy. Now,...wouldn't that be something.

      I'll probably take a position. It worries me though that the market is up sort of high. I'm hoping for a big up day and then buy some RWM so as to at least have some downside protection.

      Thanks for your input.

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  16. How about GENE? Looks like the 3.50 area is support now.

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    1. Ryan, I would say its a buy down here....someone accumulating bcse of low float...

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    2. I bought a small lot on the late day dip. In at 3.59.

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    3. You might want to check out TSPT. I mentioned it a couple of weeks ago when it was right around 6. Has room to run. Good luck!

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  17. DSCO 180 above 360sma, if it closes above 50 it could move pretty quick...remember they have 2 fda approved drugs now...

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  18. Sheeps what I like about RIC is the fact they DID warn.....makes me think its worth a flyer here....may take a little time but longer term it should be ok.....

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  19. ARNA whooo, man I was thinking the boyz were just holding this one down to scare out retail. They did a masterful job but now it's time for it to run :)

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  20. Marcus Antonius:
    And Caesar's spirit, raging for revenge,
    With Ate by his side come hot from hell,
    Shall in these confines with a monarch's voice
    Cry "Havoc!" and let slip the dogs of war,
    That this foul deed shall smell above the earth
    With carrion men, groaning for burial.

    Julius Caesar Act 3, scene 1, 270–275
    Since Julius Caesar's assassination, his right-hand man Marc Antony has had to resort to veiled ironies in putting his own case to the public [see FRIENDS, ROMANS, COUNTRYMEN, LEND ME YOUR EARS]. Privately, he rages. As he prepares to strike back at the assassins, Antony invokes Caesar's spirit and Ate, goddess of ruin and strife. Hot from hell—the pagan catch-all for both the blessed and the damned—Caesar and Ate will charge in with dogs of war, visiting havoc on the conspirators. (The dogs in a sense personify—or "caninify"—war.) At least, these are Antony's superheated imaginings; the final destruction of Brutus and Cassius will have more to do with their bad consciences and tactical errors.

    "Cry 'Havoc,'" which also surfaces in King John, is derived from the Old French "crier havot"—to send out the signal to begin pillaging. Latter-day usage of "cry havoc" follows Shakespeare in the figurative sense of "call down destruction."

    Themes: war

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  21. Thanks for input on RIC. Holding.

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