Monday, August 13, 2012

STORM CLOUDS COMING?

Or is that something else coming. Right now we are looking at some significant damage to the miner's complex. Not too surprising. It is not selling in what would be described as a "normal" market. It is a typical  flushing by the casino. A coordinated destruction of as many weak hands as possible of a trade for the PTB wish to be the only party in these shares. They want all of your shares of this complex and they intend to use as many means as possible to collect them from as many weak hands that are left. Playing in the paper market in this sector has reached the point of absurdity. It could get worse. Like red advised yesterday the paper trade is extremely dangerous right now and could worsen. No advice on how to play it but I'm going to ride it with a segment of my net worth just because diversification in these markets is perhaps reasonable and the paper accounts are retirement monies. Sentiment in this market is very low right now and at least gives me a modicum of hope, but hope does not make this a bull market.

Concentrate on the parts of your life that you can affect. Make sure you take the time not only to prepare for the possibility of tremendous upheaval in our economy and political system, but take the necessary time to savor life. Spend the time strengthening relationships with your family, neighbors and community. Don't allow this broken system to destroy the tangible aspects of your life that have true meaning. Hang in there and gl.

37 comments:

  1. Read on another blog vix Oct. 12 20 calls had 22,870 contracts yesterday. Could this be a hedge for longs or a sign of major drop coming? Also, Cliff Droke calling for possibility of major war in 2014, this coincides with some calls for gold to hit major highs.

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  2. I think Central Planning is going to let the gears slip a little....How many dow or spx point would it take to get a little fear going?

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    1. not too many 100spx should do nicely...chop it there with fear headlines daily

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  3. The planers have given up being coy...They have no problem with a continual ramp. They run out of fresh meat at some point. From the old slope of hope chart 1250 by the 28th or 30th would work well for them. The chart would still be intact and they get a bunch of new short to screw over. Plus they get the benfit of lower interest rates and crush the PM a bit.

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  4. PM trade makes me barf.......hehehhee......oh wait......that's the idea. Looks like sentiment is bad on the retail sites like here and TF metals......Turd can't understand why his site is being abandoned in spite of his neocon moderators attempts to make it a "homogenous" group of dumb dumbs. Oh well .......bear markets can certainly diminish the euphoria of a PM site

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  5. Someone with lots of cash trying to get into GENE right now

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  6. Small caps under performing, trannies too. Nat gas the recent hedge in down markets ramping. Feels like chit about to meet fan. Prolly not today. Must happen overnight to screw the most. Just picked up some boil for the heck of it.

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  7. its nice to know our commentary is now mainstream......

    http://www.zerohedge.com/news/mark-grant-and-rick-santelli-europe-its-ponzi-scheme-be-honest-you?tw_p=twt

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  8. Yep Kli you are cutting edge on all this. Kudos to you.

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    1. "awareness" is NOT making money currently......on the other hand WHERE IN THE HELL can one park money if you are in the casino???? They are selectively deleveraging the global sovereigns now and will continue trying to implement stop gap QE when it will do the most good. CONfidence is dying. I know the miners are beaten down and they may be more beaten down.....but no thank you fiat and general equities.....I will stay with the miners. The smartest money in the room is accumulating bullion.......I have been doing that almost every other week now for several months....and will continue since the opportunity remains......especially silver......if they drive these metals into their lower channels then I will really hit them hard. This does not end well for us and all I can do is pretend its a game since after all thats really what it is........a game.

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  9. A game or a charade. Not even hidden. Certainly, gold and silver will have their day. KCG messed up my chart some when it drove nugt to 8 twice. I been taking 3x etf profits and buying physical stuff. So it is important to me to trade well.

    Outside of the KCG blow up miners showing a bit of support. The GDM is rolling over however so be careful. We have to be close to the last shake out.

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  10. Game or a Charade...... hehehehehe

    "Six a one half a dozen of the other"

    Got that right WHERE do can you park your fiat/gold/silver other then a mason jar buried in a undisclosed location. Nothing is safe anymore, if you aint holding it, it aint yours and imho CONfidence is dead most are too ignorant to recognize it........

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  11. Fleckenstein had this to say regarding gold: “There has been a protracted correction going on for almost a year now, and people give up. They get worn out and these things happen. I don’t see any alternative, given the policies we’ve just discussed, to owning gold.





    The mining shares have stopped acting horrible now, for a couple of months. On the other hand they haven’t really gone very far because gold hasn’t done much. I suspect that when gold decides to move higher again, I would imagine the mining stocks will do just fine.”
    Fleckenstein in KWN

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  12. Bob Pisani on CNBS trying to find a silver lining ahead saying blah blah and "if we can just get past the fiscal cliff"........YOU JUST CANT MAKE THIS UP...REALY BOB??? DAMN that lil ol "fiscal cliff"........Do YOU FOCHIN MORONS EVER listen to yourselves. Your commentary is the ABSURD. If only we could get past that damn fiscal cliff...........yeah bob ...that would be nice wouldn't it

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  13. Amazing Aint it and to think he gets paid well for that dribble! Nutting but a overpaid Court Jester and as dumb as a bucket of shrimp..........

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  14. Maybe Bob could suggest making a fiscal bridge.

    Well, SVM was having a nice little rally but down big today. Fleckenstein could be right. They are trying to break your spirit. Hang tough.

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  15. here is more input from Joe.......

    It's very important to realize the following facts in regard to miners which you have decided to remain in, mining stocks as a group are notoriously UNRELIABLE even in a BULL MARKET yet many individual companies are capable of spectacular gains every cycle. This is exactly why stock picking is EXTREMLY important to success in this sector. Stock picking is far more important than market timing. Most juniors are garbage, and most large to medium size miners at this point are not good either from growth point of view since they have huge outstanding shares and high cost of production. The best type of miners are those that have not realized the real growth yet, have low outstanding shares, low debt and GREAT MANAGEMENT, I DISAGREE with your assessment of diversification as a good thing, it's not. GG, ABX, ANV, EGO, AUQ, GPL, PAAS, BRD, RIC, PZG, SVM, CGR, AUMN, KCG are not considered GROWTH stocks and are only good for TRADERS. Holding on to miners just because they are down sharply from their all time high SHOULD not be the reason to buy and hold. Do not assume that these miners are down simply because of market manipulation or big boyz, if a company produces well, well managed and capable then regardless of what big boyz do will be destined for GROWTH and if they have remained suppresed is because either they have reached GROWTH or they just are not producing margins. Investment in miners requires lot more than buying due to suppresed price. One thing to trade, another thing to have money tied up with the HOPE of future growth ( usually recepie for disaster).

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  16. I raise my hand, am guilty of holding GPL, RIC, SVM, and ANV. Luckily am still way up in ANV, will be selling and phase out of others too. My friend's cnl.to has been doing well, it is actually producing. You may want to take a look.

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  17. I'll repost this if you missed it previously.....a friend of mine is connected with the FDIC and they have pulled him off his supervisory role and his team overseeing the takedown of insolvent banks in the midwest region. He had been brought in to handle this role in 2008......his only conclusion is they are anticipating a massive collapse and have abandoned the previous strategy.

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    1. With ZIRP , I am probably not alone in pulling cash out of bank accounts to put to use on hard assets and emergency supplies, along with buying anything that I may need or want that may not be available over the next 5 years for a reasonable price or at all.

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    2. funny story red......yesterday I am in Wally World prepping and buy a case of Bush's fancy BBQ beans.......the checker keeps scanning the plastic covered case and keeps coming up with single can prices.....she scans the bottom of the case the side and even an individual can.....anyway you can see she's frustrated and she just puts the case in the cart at $1.71......and goes to the next item....I just laughed and shook my head.....a similar sit had occurred a month ago on a case of toilet paper....that checker gave up and said "just take it"........heheehheheeh THanks Wally World

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  18. well I guess I'll have to tell the wife that Paris is out this fall

    http://www.rt.com/news/youth-clash-police-amiens-644/

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  19. "Personally, I look at the Americans and I see a people who have been very effectively brainwashed, or who simply have given in to the entirely human tendency to shuffle unquestioningly onto the path of least resistance and let themselves go. I see a people who, on a wholesale basis, have consciously or unconsciously decided to trade the idea of America for the false security of a totalitarian state."



    David Galland

    And the hard reality is that the vast majority would raise their hands in favor of the current system that has the state deeply involved in pretty much every aspect of the economy and society at large. The level of support for the very same tangled body of state-controlled handouts, regulations and central economic planning now choking the last gasps of life out of the body politic is obvious and overwhelming. The champions of liberty are fighting against a very entrenched and increasingly dangerous public mindset. Today the enemy (of true freedom) is within. In fact, the nation is overrun by them... they dominate in most every community, in most businesses and even in most families.

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  20. If you put a gun on my head and you said ‘you must choose either Mr. Obama or Mr. Romney,’ I’d say ‘please shoot.’”



    Marc Faber

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    1. Hahahah I feel about the same. :)

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  21. This is from Phil's Stock World.

    Goldman Sachs is predicting that the S&P will fall to 1300 in November, 1250 in Feb./2013, and then back to 1350 in August/2013.

    Although Phil admits that GS is not trustworthy, he believes these numbers could be correct. He (and GS) believes a QE announcement will not come this year.

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    1. key Phrase is "QE announcement" ...I think that they will continue to print surreptitiously and jawbone QE.....its all apparent now.....as the investment community realizes how completely disastrous this is more and more will look for real assets to invest in for safety from fiat devaluation......paper assets of virtually all types will be recognized increasingly as "risk"......it won't be pretty as CONfidence is lost

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  22. http://www.zerohedge.com/news/soros-gold-action-speaks-louder-bubble-words

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  23. Something's going on with UEC which is still on my watchlist...started on Fri., up every day including 9% as I write this. GL all. Also assuming everyone saw that Paulson & Soros have accumulated gld shares (if we are to believe Bloomberg).

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  24. top ticking gold? Risk off event in 3, 2, 1....Buckle up.

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  25. Sheeps, jump into DCTH on any pullback...could be big announcement.....

    just use tight stop in the 1.90's...400K shares just went across...it could be a double...

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  26. ok...chuck..I will take a flyer.

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    1. sheeps, the news came in at 11 and the stock just didn't budge...opex could be part of it...but they might drive it down now that FDA NDA is submitted to get in cheaper...I thought it would fly....

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  27. Just to share a "funny story". Monday, I was searching around for a stock play, and stumbled across SB, due to pay a 10% dividend soon. But, got too busy and couldn't really finish my DD on it. I was going to write it up here for everyone. Well, the stock was up nicely yesterday and up big so far today. I'm hoping it pulls back, but it looks like the train has felt the station,...and I'm not on it.

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    1. might still be a play with the 7.5 mark target...should be able to get more on lease rates based on grain commodity happenings...

      I jumped in arna this morning at 8.15...rumors of big pharma buyout...

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  28. Something you'll never see in the U.S.press: http://www.irishtimes.com/newspaper/finance/2012/0810/1224321890106.html

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  29. Reply doesn't work on this computer.

    Honest,

    Thanks. I'm going to take a chance it pulls back a bit. Window is closing for the dividend though--record date is posted as 8/24.

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