Sunday, October 14, 2012

NEW TRADER SHOES

You may want to invest in these shoes to cross this minefield called the Precious Metal trade. It seems that every bullish move is met consistently with a sentiment crushing reversal with a seemingly endless consolidation phase.........well......WHAT DO YOU EXPECT??? This is the most OBVIOUS...OVERHYPED......OVERBOT....move in the most recent cyclical bull move within the long secular bull move. So of course you are not going to get your immediate gratification moment with a clear trade dropped on your lap. Although I will have to say the recent overbot move on the miners was a clear enough signal for most traders to take some profit. I made some moves that were small and continue to hold. Let them play these games. The real game is in the bullion pits. Its being played at a level that we are not capable of participating in.......WRONG! Even though you get to listen to stories about the large Sovereigns and Hedges and Central Banks ALL buying physical gold....DON'T think for one moment you cannot play this game. In fact this is the very game you want to be playing just like these players are.

 The desperate balancing act of the PTB to maintain Bullion price balance and fiat printing is EXACTLY what is giving you more time to accumulate your position in physical metal. Part of the manipulation involves the ETF products that provide black hole for fiat to be poured into, falsely believing they are holding physical metal. On a side note the products like NUGT GDX etc. also divert fiat from the metal and miners. These are very important products invented by the PTB that exist to prevent an "OVER-RUN" or "Breach"  of the physical and miner markets. With liquidity at extreme levels there must be large black holes created to absorb the excess fiat created that wants to "invest" in this safety trade. Not to beat a dead horse but there is going to be a day of reckoning as these bastardized vehicles when the unwitting participants try to get out of a very small door. This event will provide a massive move in the actual bullion price and miners shares. I might as well bring up the "allocated" shares issue here as well. Most of us have probably read articles on this already but I have to repeat that you can increase your "insurance" in your brokerage account by having your brokerage send you the actual stock certificates of your mining shares. This is advice that is very difficult for the swing and day traders to head so each of you will have different responses.

 The next few weeks should see another large move in the miners beginning so your agony is nearing an end. This may start out with a whimper just as the last big move did, but nonetheless it is near. The money printing is not going to end this year or next so the trend in the miners will remain up. The short term path is going to be the only question. BTW the election is only a diversion. Its already been decided. Obama WILL be elected contrary to illusion there is a horse race. Remember......these events are no longer left to chance....gl



32 comments:

  1. Goldman Sachs has correctly picked every President since Nixon. They were Obama's #1 campaign contributor in '08 This time, they are Romney's #1 campaign contributor.

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  2. And Nixon (God rest his soul) closed the gold window. So maybe they're setting up Romney to engineer another default. Is anyone else unable to open Kli's videos? Don't know what the problem is. TIA. Huge week with opex plus lots of data coming out. I think we trade in a range (hopefully not too low) until Nov. 6th.

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  3. BTW the video is one of six......watch the series

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  4. Also the reason I put the Obama prediction in the post is to make sure you think about the game. Don't let the press sway you with their purported stats/polls .....pay attn to "ACTIONS" ....There have been NO banker prosecutions ONLY LIP SERVICE.........most of the criminal fraud has escaped any hope of prosecution now....we are also NOT out of the wars and only in MORE wars and more covert ops in the ME. Romney is MORE than acceptable by the PTB so of course he can become elected....NOT a big stretch to occur. O may have even told his masters that he's had enough (i doubt that) Either way NO CHANGE is the real outcome after the election.

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  5. gotta be suspicious this is the turn on the daily here on most of the miners......let's see........

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  6. Would you put a link to the videos as I cannot access them from here? Thanks. Wow, yet another flash crash in gold/silver just now. It looks as though they have "broken down" so I'm guessing that's part of the game too. Soc. Sec. claiming inflation at 1%, lol.

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  7. yes nancy they have "broken down" hehehhehe.....btw this video is one of six of a PBS series that you may have seen but its well worth a second watch

    http://www.youtube.com/watch?feature=player_embedded&v=ccNilnpvbJg

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  8. James McShirley, a long time GATA supporting describes gold trading over the past 12 years:

    (COURTESY James McShirely/GATA)


    * It rarely exceeds 1% gains on any given trading day.
    * It virtually never has any follow-through even after a 1% gain.
    * It virtually never has any follow-through on key outside reversal days.
    * It virtually never has any follow-through on technical breakouts.
    * It virtually never rallies on bullish news.
    * It never rallies on news of good physical demand.
    * It is shunned or disparaged by 98% of the alleged pundits.
    * Waterfall crashes occur with regularity, often in thin-trade markets.
    * The producers of the commodity are largely silent about its prospects.
    * The commercials are perpetually short and mega-bearish.
    * The 2 major promotional firms hired by the producers never forecast higher prices.
    * The 2 financial cable news networks give little to no coverage, and shun the expert analysts.

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  9. dcth gets fda nod for review and its gets dragged thru the street..

    oh well, I'm in sticking in it as I'm near average...

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  10. I am seeing cup n handle formations on MANY of the miners here and $GOLD.....look at SVM above I just put up.....I will put more

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  11. Gold getting ripped. Silver absolutely destroyed. Really shaking the tree today. I'm not selling my HL and PZG.

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  12. Ugh bought a few NOV SLV $33 calls Friday, regretting that now haha... Got about a month left, let's go ;)

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  13. Don't forget to make your bullion buys.....this beatdown is NOT effecting bullion price much....the premium is not cooperating......hehhehehe

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  14. Honestly I'm just glad to see some volatility back, hard to make anything in options without it ;)

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  15. cycc is jumping all over the place....big gaps between bid and ask

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  16. I will repeat.....miners are showing broad signs technically of bottoming......DOES NOT mean its the turn but its what I have to call here....could be another touch or two over the next week or two but this is very constructive.....we can look back in a month or two and see

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    Replies
    1. http://s18.postimage.org/u4sbohhmh/Silver_10_15.jpg

      I'm buying right now...I like the lower bb pierce and 360sma support so far

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  17. Sister, did you update Internet Explorer recently? When mine updated, the videos wouldn't play.

    SVM is painful today.

    I need NKTR to trade under 10.75 this week, so the calls I sold expire worthless.

    I think Obama will win. Most elected presidents get their two terms.

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  18. Yes, did update explorer doc(what did you do to fix?) , may try my chrome and see if that works. Rip 'em up, tear 'em up, givum hell ben! Thanks for the link kli. Nov./Dec. usually see a nice pop in the metals.

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  19. Sister, I have to confess that my secretary fixed it. The upper toolbar had a symbol--a blue circle with a diagonal line thru it. I think all she did was click on it, and then a drop down menu allowed her to turn it off. I'm not sure if she needed to reboot.

    See if yours has something like that.

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  20. Replies
    1. man they beat that sector up...nice pick...I'm hoping for small pullback today for position...

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    2. I think it all has to do with a potential Romney victory. Obama has been killing all things coal so if Romney does win, I imagine these companies will have some legs. If the coal miners continue to run ahead of the election, it might make some sense to buy some cheap out of the money put options in the event Obama wins.

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  21. Silver,

    If BO wins is there a short 3x etf for America?


    Heheeeeee



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    Replies
    1. The only ETFs I found are KOL and PKOL. Neither are short nor are they leveraged :(

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  22. this cannot last forever

    http://www.silverdoctors.com/massive-comex-silver-withdrawal-on-friday/

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  23. last hour is the tell.....hhehehehhe....look at um sneaking into these miners

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    Replies
    1. Nice catch, bet we get some green tomorrow. Hope it sticks, this grinding blowz :)

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    2. the purpose of the grind is to get the momo out.......it works everytime

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  24. Take a look at a weekly chart of TGB. Talk about a cup and handle pattern playing out.

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