Saturday, November 24, 2012

GREETINGS

The next few weeks will be a time for us to spend with our family and friends. In many ways this site is also part of my family and friends and I give thanks for the priviledge of getting to know many of you through the comments during the past years. As the 120 year mega-cycle enters into the severe deflationary end during the next two years many of you will see and experience events that were thought to be impossible to occur in our controlled economic environment and certainly not entertained on any academic levels in the last 40 years. Some of the readers may be old enough to have lived in the aftermath of the last Great Depression and have sense of just how much it affected the psyche and habits of those that lived through it. That was the result of a 60 year deflationary wave. This will be worse according to many that have studied these cycles and their effects. I maintain that proper preparations and sensible precautions will give you the best opportunity to get through these times. Arrogance and greed will have no benefit to those entering into the next few years of change. It should be hard times ahead but not impossible times. Shed your debt and have sustainable shelter, food, water, and energy.

We have created a complex and interdependent system to support our crowded planet and its urban centers that give us exquisite cuisine, luxurious hotels and apartments. We can walk into shopping districts and buy virtually anything we desire in moderate to large urban centers, but this is also a vulnerability of our system. Simply put.......its crowded. Herein lies danger for the system if there is a breakdown of the JIT delivery of goods and services. Many of our East Coast readers know from first hand experience just how weak the system really is. Imagine a grid or two or three shutting down from a major earthquake or an Electromagnetic event or one of many other potential disasters. We have pushed ourselves into an unsustainable system economically and the cracks are beginning to appear. We will learn lessons from our mistakes and redundancy will be engineered into many of our weaknesses on the other side. You just need to get to the other side. It may be long hard slog for many of us. For those of you with health care issues I want you to try and look at your current access to health care and think about what effect not having access to your doctor or pharmacy for a few months and think what precautions you may need to take. Note that for many now its very hard to get more than a months supply of medication. Look what happened in Mexico when the Swine flu epidemic hit them a few years ago. NO access in many hospitals and ERs and people were dying in waiting rooms and sidewalks outside of hospitals.

We are going to maintain this forum as long as the PTB allow it. We will enter into the final deflationary wave next year. My best guess and its only a guess is they will hold the market until Spring. They have done a pretty good job of printing money over the past three years and most of the developed world is still in fair shape. However the cracks are showing up in many ways now and even the average citizen feels that things are "not right"..... even a foreboding is creeping into the pollyanna populace. Just to make the CONfidence more unstable the PTB have begun a campaign labelled the "fiscal cliff".  I won't speculate for you why they are bringing it into the MSM hourly NOW....but you can go back a couple of years when the same campaign began with the PIIGS.

Metals look like they are going to take them up but as usual it won't be straight up just like we talked about this summer when they came up for that leg. I believe we will get a confirmed buy this week. gl

28 comments:

  1. thanx kli for the site......do not do it alone..

    here is your safe word.....help & GL

    even if you do not post help...WE can e-mail you for ways to help....

    so where to park my wealth?..from this side to the other side.

    strange that all are saying to get out of the gold/silver trade & stocks...LOL

    every chart is a cup & handle

    paladin

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  2. I agree with Paladin. Thanks for keeping your site going.
    Sometimes I get the writing bug. I can help when you are busy.

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  3. Hope everyone had a great turkey day. my paper gold did great over the weekend.

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  4. morning all. Look for upward bias this week with consolidation to form below 1800 before the takeout of that key resistance

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  5. on a mobile device as i travel the next few days. and thanx for kind words. Will accept posts sent to my private e mail doc and feel free to do so I will be happy to make a daily post with them. I am sometimes delayed reading my mail so feel free to ask me in the comments if i got it

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  6. Kli,
    Too nutty here for me to write something daily. I am trying to think of something just a bit different to write.
    When you had stopped your blog, I told my wife & she said, "Well, why don't you start a blog." I responded, "are you crazy,...do you really how much time that must take."
    It is great for us that you are able to keep this going.

    Just to note, Powerball here in NY is up to 425 million. The office has a pool going.

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    1. Don't waste your money on Powerball Doc. I got it all locked up..heehee.

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    2. Au Contraire, Mr Silver, It is I that holds the Winning Ticket!! :}

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  7. real quick post...meeting in 5 minutes..

    Thought this might be of interest to metal investors...you have big company...
    http://www.kitco.com/ind/Tekoa_Silva/20121121.html

    In the most recent 13-f filing on November 14th, the Soros fund increased its position in gold via the GDL fund from 884,400 shares, to 1.3+ million shares. That represents a sum of about $200 million. The fund increased its position in the GDX gold miners ETF from 1 million shares, to over 2.3 million, it added a 1.7 million share position in Kinross Gold, and finally, maintained a nearly 2.4 million share position in the GDXJ junior gold miners ETF.

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  8. The office pool so far reflects human nature. Even though everyone admits that winning is virtually impossible, everyone has ponied up their money so far just to be included.

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    1. You don't want to be that guy in the office who thought the odds were not good so you didn't join. While the odds aren't favorable, the few dollars to play isn't a lot to have a chance that lady luck shines down on you.

      We'll probably have an office pool as well and we'll make sure that everyone has a copy of the tickets before the drawing.

      The odds of winning the jackpot are about 175,000,000:1 so how I get people to picture how difficult it is to win is I tell them to imagine a spreadsheet with roughly 13,000 rows and 13,000 columns. Each box in the spreadsheet is one combination so someone who plays $10 gets to pick 5 boxes. The drawing selects one box. Not so easy.

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    2. Yeah sorta kinda like catching Lightning with your teeth and living to tell about it!

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    3. or getting attacked by a great white while surfing and still waving to everyone as the ambulance takes you away....Got Arms!

      some buying interest picking up in bio again..

      DCTH, cldx and Arna looking good and Osir looking well also...

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  9. shocking.....a consolidation day....hehehehe

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  10. on the road but found this today

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/27_Turk_-_The_LBMA_Is_Moving_To_Cover_Up_Silver_Manipulation.html

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  11. May be able to get a post up tonight...doesn't matter for trading with opex today.....should just chug along for today

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  12. CLDX could be a beast, mentioned it when it was 5.12 a while back...it could hit double digits early next year... read up on it...dd required...move is just beginning...

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  13. http://www.youtube.com/watch?v=p_Ic_OvIPtU&feature=player_embedded#!

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  14. Honest,

    Despite the pain, I'm still holding my ZLCS. It is up nearly 20% today on above average volume. SA pumped it yesterday, but maybe something good is happening.

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    1. Doc, I actually added on last push down and my cost basis is now positive...Like DCTH it was pushed down so far it was insanely cheap to add an extra 1000 shares...I think it sees 1.10 by June next year...so I'll wait it out...

      CLDX is looking good and I'm in NKTR with a couple buys down here....what a game this is...soon I will be all out for the real fireworks...

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  15. http://www.youtube.com/watch?feature=player_embedded&v=2C5nJsPR4dI#!

    a must watch I will put it on tomorrows post when I get back into town and on my own puter

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  16. VRML......shorts are trapped....here's why....
    Importantly, within the test group OVA1 identified 83% of cancers missed by clinical assessment and 71% of cancers missed by CA125.

    I'm in already at 1.55

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  17. "Why Every Investor Should Own Gold Now"


    http://finance.yahoo.com/blogs/breakout/why-every-investor-own-gold-now-144920639.html

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  18. not too shocking and no real damage technically yet...no cheerleading necessary so sit back and enjoy the next few months....should be fun

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/28_Rosen_-_Key_Targets_For_Gold,_Silver,_Miners_%26_Common_Stocks.html

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    1. I'll have a post up tonight after I rest up

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