Monday, October 22, 2012

THE GREAT DEBATE

No....not the faux debate aired for the peeps tonight, but the real debate.......the gold and fiat debate. THE REAL POWER DEBATE. You've heard what the real game is....paraphrasing perhaps but its GIVE ME CONTROL OF A NATIONS MONEY AND I CARE NOT WHAT LAWS THEY PASS. So where are we in the real game. The system that "seems" to be careening near the cliff. It is not. If it were you would never hear the mainstream media repeating the phrase "fiscal cliff". If we were anywhere near a fiscal cliff then I have serious doubts they would be repeating the phrase every few hours. The profligate spending and money creation put us on the crash path, but what really is the crash path? Is there a grand engineering behind the entire rocket ride to hell with a spectacular explosion at the very top of the arc? I doubt it. I will take a bet that we get the thrill ride however, just not the mushroom cloud at the end. Our command and control center plan on making the journey fun packed and with some real ups and downs for the consumption of the peeps. Is that fair? Of course not, but then what is. This game is as old as they get and its going to be repeated again and again. WHY? Because it works everytime. Its human emotion. Its totally predictable from hundreds of years of proven history. Its slightly refined today but its still the same game. Just look at our trades. Did any of us pull our miners off at the top of this last run when they were noted to be very overbot? Probably not. Why? Because you don't trust the baastids. You aren't really greedy. You just know that one day they are going to jerk that rug out from you and leave you standing at the train station with the train leaving you behind. The real suckers are the ones that jump in at the top of the froth and get beat back and forth by the consolidation froth and capitulate like the new leaves they are just before they take up the equities on the next big leg up. Debate. What debate? Please don't talk about the dog and pony show on politics......stick with the money game. The other game has already been decided and you should know the answer. The money game is not as simple. But we have hints. Remember the long multi-month descending triangle in Gold and silver that played out this year and instead of breaking down as feared it broke to the upside and then had gasoline thrown on it by Ben's QE to infinity. If we were going to get the beatdown to hell in PMs......then the best opportunity was that descending triangle base break. It didn't happen but it played out all the way to the end of the triangle. That is a very powerful and compelling argument that we are only in a consolidation here for the next leg up. It can be a rough ride up and it can take some time to really start its trajectory. However THIS IS THE DEBATE.......so gl



32 comments:

  1. Gold and silver getting crushed again this am. They really are making this a tough trade. Grind you down, till you give in.

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    1. If the cup n handle plays out on gold we should get this type of flush at the bottom of the handle so be aware. Nothing unexpected in a heavily crowded trade

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  2. "possession is .999% of the law".....ie. Germany just found out the Fed now owns their gold......hhehehehehe......gl getting that gold back

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  3. will be making physical silver purchase today

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  4. Phil Davis had a chart yesterday that showed that the S&P has been at the upper rail of an uptrending channel. The lower channel was placed at about 1200.
    So, some selloff is expected unless the market has the power to punch thru the upper rail.
    Let's not panic.

    I only listened to part of the debate last night. Romney implied that we need the strongest military in the world in order to promote peace. Sounds expensive to me. The world is a big place.

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  5. setting up for BIG bounce in miners tomorrow....maybe even intraday reversal

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    1. could be later today..
      ANX had a flash crash like candle today....

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    2. i believe ben needs some quick fear for a "big announcement" this week.......should give O a shot in arm for the election and tip the election to O........that's one theory......the other theory is very dark

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    3. Ooooooo, I dont think even Ben can save him now! Screw Politics this chit is fugly and the plebes are starting to get that we are in GD II cept they aint hungry yet........

      Funny thing about being an addict towards the end you need more and more of what ever monkey is sitting on your back but even with that at the very end no matter how much you take its no longer effective and you die!

      We are at that end point with our addiction to Bens "Hopium"

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  6. The shake sucks but it could be much worse with the market. Seems as though volatility to the downside is limited at this point.

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  7. gold down now to 1708.......THIS IS SERIOUS!.....hehehehehe......go ahead you azzholes........get it down to 1680.....that would be just "swell".......hehehe......

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    1. it should be pretty obvious to even the most optimistic dipshit on wallstreet with these rev misses we are entering a "DEEPER" "RECESSION" and not a "slow growth" recovery.....folks we are in depression....its global and they are going to PRINT PRINT PRINT.......

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  8. that 50% fib still holding...tomorrow brings another day though...I picked up some Phillys just now...

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    1. miners showing important relative strength in the face of overall selling pressure.......ie...i don't see dead people

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    2. yes they are, I picked up some NG and GPL at lows today...

      ben needs gold and silver as fluffers for his inflation hard on...

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  9. Yes, depression & higher taxes will most certainly help.

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  10. http://jessescrossroadscafe.blogspot.fr/2012/10/gold-shadow-chart-cup-and-handle_19.html

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  11. those dirty bastards have been buying miners ALL fochin morning.....hehhehehheheehehehehehe.......tooo fochin funny.......OK I'm through chattering.....have fun...its obvious

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  12. Turd's analysis is worthless now heh... Trying to draw parallels to the past? Bleh... I'm just looking at that cup and handle. It's really pushing it here but it does seem to show some strength in the light of the overall selling. They always push it down to the wire don't they? ;)

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    1. absolutely and if the cup n handle is played to its purpose then the last daily bars are frequently the deepest

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  13. GPL green now.....lets watch the last hour again

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  14. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/23_People_Are_Getting_Scared_And_Liquidating_%26_Germanys_Gold.html

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  15. PPP is a monster right now! Still holding my full position. Joe says it is the only stock he is buying and holding. I am with him on that!

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  16. Sanctions? Did I hear Sanctions discussed last night........ heheeee

    http://www.zerohedge.com/news/2012-10-23/how-iran-evades-western-blocakde-turkey-dubai-iran-petrogold-triangle

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  17. the worst misses on the top line of earnings in 15 years

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  18. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/23_Household_Name_From_Top_Hedge_Fund_Caught_Manipulating.html

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  19. It would seem...That the dollar want to go higher. It is close to the 50. One would think that would be tested. It seems BEN cannot destroy the buck quite yet. Too many other shitty currencies out there. The Euro being the worst. IMHO the dxy0 could move 10% to 84 to 85 easy. Tis the season for this kind of move and there is enough negativity to make it happen....let the chits fall where they may.

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