|Don't look behind you...we've got a wall of rocks...we have no choice but to fight|
Tuesday, February 28, 2012
Posted by kliguy38 at 11:17 PM
Sunday, February 26, 2012
By Tom Lauricella
As we noted yesterday, a key event for next week, and possibly beyond, is shaping up to be the second long-term refinancing operation from the European Central Bank – otherwise known as the LTRO.
There seems to be a lot riding on next week’s LTRO. Investors have come to view the ECB’s cheap loans to the Continent’s struggling banks as a central to the recent stability in peripheral European bond markets.
RBS surveyed 160 bond investors and found on average the group expects next week’s take-up for the ECB’s money manna to be €574 billion. That would be an increase from the €489 billion hoovered up by banks in December. Expectations ranged from €201 billion to €1.437 trillion.
And three quarters expect the ECB to announce additional LTRO operations, mainly if market conditions deteriorate. (Next week’s is currently the last on the calendar.)
According to Jim Sinclair the next few weeks promise to be some very exciting weeks for PM investors and just to show you how excited I am, I just might trade more than a couple of hours/day...sarcasm off. I am seriously expecting continued moves up for many of the miners during the coming weeks and hope that most of you by now understand just how much power the Central Bankers have and just how much they despise the PMs. They organize naked shorting of gold and silver and the miners to prevent the headline sticker shock from exposing their debasing of the world's currencies to prop up their horrific malinvestments. GL all and stay alert. The printing machines MUST go on.
Posted by kliguy38 at 10:38 PM
Sunday, February 19, 2012
I have tried to put up charts that are not just daily charts but weekly and even monthly to show the doubters out there that these PM equities are far from overbought. There is a lot of room to move to the upside. We are in strange times and if money printing is bullish for the PM trade then you have to believe in the longer term hold that these equities and bullion represent. Just an aside .....LNG was a huge trade for me last year but it could have been much bigger. Look at what they did to it recently......driving LNG to 3 intraday a few months ago then reversing it and ripping it to almost 16........I missed most of that due to FEAR. I watched it that day it dumped and missed my opportunity. Most of you did too. That's what emotion can do.
This post is for those of you still in paper trading. The smartest readers out there are out of paper trading and into bullion and hard assets such as farmland and other metals like platinum palladium copper etc......good luck! I will be out of the area this week but will the tethered most days......graphics will be limited. until next week. Use the charts on this post for the week.
Posted by kliguy38 at 10:50 AM
Thursday, February 16, 2012
Posted by kliguy38 at 10:27 PM
Tuesday, February 14, 2012
This has been the game for several centuries. The difference today is that these countries see their resources dwindling. They see the end game. They see there has been a game of attrition that will leave them the odd man out as the game of musical chairs eventually ends and the natural resource nations have no chair. The natural resource nations want their chair in the future and they are learning (in part to the internet) what the real world war is. People like John Perkins have informed many people what our game of new world order is REALLY about. Increasingly a number of these countries AND their citizens are trying to find a way to protect themselves from the central bankers plundering of their wealth with the fiat attack. Holding on the hard assets with the purchasing of enormous reserves of oil, iron, coppergold etc. by the likes of China and India is one way to create reserves outside the fiat realm. This will continue to be the world war that we are fighting in. The central banks trying to run out the clock on the drain of the natural resource wealth of the "developing" nations to feed their parasitic appetite for control of the world. This will ultimately go down in a biblical conflagration even worse than the fires that have burned across the world in Libya, Tunisia, Greece, Egypt, Yemen, Syria, Spain, Iraq, Afghanistan, Italy......these are the sentinel fires.
Posted by kliguy38 at 7:31 AM
Sunday, February 12, 2012
|after the save this pic of celebration was taken in athens|
Having taken my red pills tonight do help in posting this salute to austerity and our banks. Just one slight problem. Paraphrasing a recent Soro's interview line...."So what the hell is next?......because this ain't gonna do nothin' but kick the freakin' can down the road." I believe I penned his quote with some literary license but I do apologize to him. Of course my usual response must be made before I move on. The road is clear and it is going to be monetization and buying time. Eventually there will be a deflationary massacre...most likely next year if we see nasty stagflation followed by a period of currency devaluation lasting years....eventually removing the bulk of debt through a process of selective currency devaluation. To get through this period without national revolts will most likely produce a massive global war......Greece's violence in the last 12 hours has been massive. It will be interesting to see how they stifle it.
Posted by kliguy38 at 11:32 PM
Friday, February 10, 2012
Posted by kliguy38 at 1:58 AM
Thursday, February 9, 2012
If you are trading the question should be just how can I make money here? I guess you could flip a coin but you may save yourself a lot of heartache and just enjoy the gift you were given. Hold a core of PM miners and forgettabout it...the weekly and monthly charts say they still have a lot of room to the upside....that may be a few weeks off or it may be a few months but its coming. Otherwise you can just try and trade a small part of your core on the daily and shorter term charts with the intra day moves. It works. If you get trapped....hold on......these games will continue and your miners will shine one day.....Those kids don't have money up above and you don't need it to be happy either. My happiest days were when I had no money in grad school. I lived on a 25c pancake that I put free butter and syrup on in the Hospital cafeteria at 5 am after clubbing at Deja Vu until 1am and discussing the finer points of a brunettes gymnastic ability from Stephen's College for another hour or so. No money.....No food.....No sleep.......but true hapiness.......gl all and never forget what truly brings you happiness.
Posted by kliguy38 at 12:13 AM
Tuesday, February 7, 2012
Of course this doom and gloom is not what you want to hear and it is not what the government wants you to hear. Unfortunately the solution will be found ONLY when the problem is fully admitted and confronted. Therein lies a bit of a problem. The System would then open a massive can of worms. It would have to admit that there had been lies. Yes.....I know...its hard to believe, but there may have been a bit of state sponsored "deception". Truthfully that doesn't sound that bad. Just one little problem. Once you open that can of worms.......its just uncertain how many might crawl out and just what the consequences might be. It would be easy to throw a few Enron patsies to the masses but now you could open a massive tsunami that could expose the very puppet masters themselves eventually. Once that snowball starts to roll it just might create an avalanche.
Bottom line.... to fix the problem requires too much risk to the ponzi......so the solution will continue with the current policy of printing money.....and printing...and printing. Of course this will eventually roll back into the system with inflationary consequences but this could be several years down the road. Between now and then Bernanke has to fight deflation with the printing press and stagflation should be in full force before this year ends. The costs of essentials are about to rip the hearts out of the most vulnerable. This will put more pressure on the government to contain the disenfranchised as they become increasingly angry. Of course they will contain the outcry. Don't be deluded by your private gun ownership. That will be easily controlled. Guns will ONLY protect you from home invasions. Any posturing against the state will be dealt with easily and swiftly. So forgettaboutit and think about your family instead.
Posted by kliguy38 at 11:47 PM