Wednesday, January 2, 2013

BLAH BLAH BLAH

Strictly noise in the market now. The moves in the metals are being concealed to some traders but this is accumulation by some money players. There are divergences appearing on some of the indices that precede confirmatory moves in the HUI and the GDX. I noticed big moves in several miners like PAL and GPL today with large moves in several others. This is NOT retail money. That is the last money to  move into these bull moves. Even Droke in his newsletter tonight noted the accumulation occurring in the miners here and is sounding bullish but NOT committing yet to a confirmed intermediate bull up leg YET. I reiterate that for traders there is no confirmation breakout yet. I'm only trading peripherally and holding tight on 95% of my position.

The noise in the market today was only to squeeze some of the short positions placed in the last week and may even presage the January "short of a lifetime" that Adami on FM talked about. Watch for a nasty stop run in the near term. I always get nervous even repeating CNBS propaganda but Adami called last week a runup into the 1520 to 1560 range on the SnP the "short of a lifetime". Maybe but the Fed has declared war on shorts and as long as they can print without the bond market able to call Bullshit on it then an unfettered runup over that level is possible. Remember too that smart money will begin distribution and in this market they may need one very broken level to achieve this. Time will tell. I won't play yet.

Next......bullion.....for those new to this blog. You can purchase bullion in a number of ways. Online players like Gainesville are reputable as are many of your local coin shops. You can check prices on Gainesville or similar sites before you go to your coin shops to deal.

Next......I will pay close attention to pension legislation coming and try and give you a heads up if I see them coming after them. I believe they will want to get at this money and maybe they will try to swap your 401Ks into their long term Treasuries. It would be VERY devious and trap a large number of pensions and their dollars.

Next......quit worrying about  the next decision in Washington....this is all choreographed and only the illusion that there are "two sides" exists. So just concentrate on what the PTB will benefit from. Right now it is to extend this game for a few more months until they can move into assets and social laws into place  that will survive a dollar reset.

Should be off the Islands tomorrow and back to my charts. Hope you all had a great New Year and see you Friday. gl

20 comments:

  1. Doc,
    ZLCS made it over the .70 hump....

    ReplyDelete
  2. Honest,

    Bought a little ARNA this am. In at 8.94.

    ReplyDelete
    Replies
    1. I've been adding on every move down...they get a 65 million milestone payment this qtr and are 60 days from blasting off on sales....I'm holding for 30 by end of year...

      Doc's made a great call on LDK, timed the turn perfectly....a double...

      Delete
  3. My HL is climbing higher. Been sitting with it for awhile. Now must resist selling!! Need PZG and EXK to get going. Good luck everyone.

    ReplyDelete
  4. http://news.yahoo.com/child-support-claim-rankles-sperm-donor-lesbian-couple-014725388.html

    I found this article unreal.....this should stop sperm donations in its tracks...

    ReplyDelete
    Replies
    1. Yup I agree...... Can you imagine how long a line of ambulance chaser's there's gonna be if this decision go the way of the State :)

      Delete
  5. jumping in BOIL for a couple days with stop near today's low...

    ReplyDelete
  6. Honest,

    Hopefully ZLCS will close above 0.70.
    NKTR having a good day too.

    That LDK has been something, but it has to be entering overbought levels. Seems to me it has to fall back.

    I'll have to look at BOIL.

    ReplyDelete
  7. Timmy G is gone....hooray for america....hip hip hooray...

    ReplyDelete
    Replies
    1. But Boner's back in! you were saying............

      Delete
    2. youthful exhuberance...my bad...:)

      Delete
    3. I have faith Obama will find someone even worse to replace him ;)

      Delete
  8. Bye Bye gold. Ouch!! How funny - QE to end in 2013.

    ReplyDelete
    Replies
    1. Some Members See QE End Before End of 2013: Fed

      Maybe they just toss tidbits like this to the plebes so they can accumulate?

      Delete
  9. Sorry for bringing you down man , just trying to keep it real :€ hehehehe

    As alway Mr Kli's right...... Blah, Blah, Blah

    Same as it always was, same as it always will be.....



    ReplyDelete
  10. Thank you Ben! Haha my money is on the way to my brokerage account... SVM under $5? Thanks! :)

    ReplyDelete
  11. Hubz,

    I planning on buying more SVM but I am wondering if it will fall even lower. It did trade under 5 dollars on 12/26. I am concerned that it has not bottomed yet.

    ReplyDelete
    Replies
    1. It could but man it is cheap here... and plus a divvy. I plan on writing covered calls each month to help out as well.

      Delete
  12. Gold is melting....

    Gold
    1,666.10
    -22.70
    -1.34%

    ReplyDelete
  13. This site is awesome. I continually encounter something new & different right here. Thank you for that data.Natural remedies to treat depression

    ReplyDelete