Wednesday, January 30, 2013

FLASH_________ ! OH WHAT A FEELIN'

If you were an average "investor" in the 80's and you were asked to fill in the blank above then many would have said Dance. Today the average "investor" would probably say Crash. Therein lies a problem....HOW do you claim that market forces are restored AND normal after the collapse of the market in 08-09 when a market can fall 1000+ points in a few minutes in the middle of the day with no commensurate precipitating news? People may be sheep, but are they really THAT dumb? Some of you may have been privy to a slice of a picture taking session with Tim Geithner that afternoon when an assistant bent over and whispered the news of the Flashcrash in his ear. His reaction of dismay and bewilderment was very telling and you could clearly hear his response ..."that can't be right".... So why would the Secretary of Treasury react with "that can't be right"? After all we had just been through several such market movements just a year or so before. It was as though he knew the market had been "fixed" and couldn't make any moves of that magnitude.

The reason I brought this up today was to just bring up how fragile the word CONfidence is. It takes a long time to build it up but only a "flashcrash" to destroy it. The carefully crafted rise of the market to restore the economic juices was crushed in a few minutes. This illustrates the pitfalls of manipulation of nature. Natural markets are a force of nature. You can tamper with them but every action has an opposite and equal reaction. In other words, there are moral hazards that are coming our way. It becomes compelling to marvel at the daily machinations of the PTB but don't become mesmerized by them. There are forces that have to be reconciled with eventually. When the bill comes due, and it will, you don't want to be unprepared. These are psyop games designed to manipulate herd behavior. I cannot possibly tell you the price of metals or miners in this type of market on a short term basis. But I can tell you that we have not seen the top in precious metal nor the miners. If you believe you are able to trade in this slaughterhouse then by all means make your bets but leverage is your enemy with these sharks.

There are many developments within our own borders now that indicate the endgame is near. Prepare accordingly and take this time while we are in the eye to enjoy our time with our family. With a little luck the other side will eventually be realized. If you prepared properly you can be much stronger after the storm passes. If this is a Cat 5 storm then just seeing the other side will be your goal. Too much doom for you to focus on? That's understandable and I don't blame you.....the majority are in your camp and always will be. gl

from KWN and Richard Russell

“You know, America is different from most Asian nations in that America has little use for older people.  For instance, in China, older people are revered.  Though older people may lack “hipness” and technical knowledge, they make up for their ignorance with wisdom.

I look back and I have seen and talked to Billie Holiday, Marlon Brando, Marilyn Monroe, and Janis Joplin.  I have seen, combined, what few other living people have seen.  I've seen the rotting fruit in California during the Great Depression, I've seen the planes dropping bombs over Europe, I saw the parade through New York when people opened their windows and shouted “Hooray for Happy Hoover.”  I've seen and gone through a lot, and as a result I believe I do have a small portion of wisdom and a good memory.”

 “Silver is beginning to look interesting to me.  About a month ago, I showed charts of silver mining stocks that had exploded.  This suggested to me that something bullish was coming up in silver.  Since 2003 silver has gained 1,012%, and in doing so it has outpaced gold.

At present the overgrown supply of silver is dangerously low.  This sets us up, say silver experts, for a huge squeeze on the silver shorts.  On the Comex there is currently a giant silver position, a position that almost dwarfs the available supply of free silver.

The chart below looks interesting.  Silver reversed a declining trendline and then silver dropped to test its 200-day MA, where it held.








66 comments:

  1. "Does anyone know why the jackboot's all over "Raw Milk" producers, I'm not getting that one since it's mostly very small farmers and hardly could make a dent in the "Big Milk" conglomerate"

    Evidently this person had 50,000 lbs of cheese. May as well print money. Raw milk drinkers are a bit fringe.

    So $50k lbs in cheese prolly at $5.0 per lb. Prolly on the side market is well competition.

    On craigs list if you try to sell raw milk products the ad is flagged. Yet 420 clones for sale all day long.

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    1. see below link Sean

      http://www.davidicke.com/forum/showthread.php?t=183733

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  2. This comment has been removed by the author.

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  3. I am not a milk drinker.... Milk is another commodity that is price controlled. I do know the PTB go agro over raw milk products.

    This is near and dear to me because one day the FDA may go after (can't say organic) naturally grown or plants grown without herbacide, insecticide or human waste sludge (full of pharma.

    Just about every market has a barrier to entry due to big buisness crony capitalism inspired regulations.

    When was the last time you heard of deaths due to raw milk cheese...

    This confiscation of cheese is a symptom of late stage capitalism.


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    1. Sean, Kli,

      Thanks...... As usual a corporate and control issue and I do know they have been banging the local organic farmers with the passage of the Food Safety Act of 2010

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    2. "independence" and "black market" uprisings require measures early on that are "highly Publicized" to send a strong message to anyone, like Sean, that seeks to emulate their success (now failure)

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  4. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/30_Richard_Russell_-_Silver_Interesting%2C_Massive_Short_Position.html

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  5. out of ABIO at .94...sweeter than a white kona pineapple..

    jennifer beal still looks great in the Book of Eli...

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    1. Nice trade. Good for you!!!! I started buying GENE. Have done well in the past with it.

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    2. put ANX on your close watch list, if it can break out of the .80's it could run pretty far....even 2.50 would be reasonable...

      ARNA just got a nice reversal...

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    3. Bravo!...great call and Ryan's NUGT looks good so far

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  6. if you want to see destruction of wealth, look at CLSN today

    this should be good for DCTH...something to chew on..

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    Replies
    1. Ouccchhh... bios truely are make or break :)

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  7. some really big triangle playing out into the jobs number tomorrow so we could see real fireworks in many of these paper market tomorrow.....BEWARE all of you

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  8. I think tomorrow could be a slaughter.....just don't know which way.....

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    1. knocking gold down today "could" mean a reversal tomorrow......just gonna have to hope they slaughter it......bullion buys are waiting for the beatdown if it comes

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  9. Just sold my DUST I bought yesterday for a quick 5% gain. Going to stay away from the leveraged etf's.

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    Replies
    1. Perfect........tomorrow is too dangerous to be short leveraged

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    2. I really believe they can push it out for a few months but.....

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  10. YCS... the obvious trade that got away. Doh :)

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  11. http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/1/30_William_Kaye_files/William%20Kaye%201%3A30%3A2013.mp3

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  12. paper metal prices are being crushed but I have five miners that are green and most of the rest are only down slightly......let's see if they crush the miners at the end.

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  13. Shudder to think of prices after London closes...ridiculous to see PMs down so much (relatively) when the dollar flirting with 79...Harry Reid insisting economy contracting b/c of less gov't. spending but we're still growing, lol. To be honest, not sure what happened between Sept. & Dec. (GDP was over 3% in Sept).

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    1. What happened? We're in depression and no amount of printing will bring us out. Any activity you see now is temporary ( believe me I wish I were wrong) these metal prices are an illusion and 5 years from now just a blip on a chart. There is a monster battle between the actual bullion buyers and the bullion banks...THAT is the entire game now...when it implodes, EVERYTHING goes with it.

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  14. I found a neat trick for having places to enter and exit a trade...
    I dont know if this chart will load...
    http://stockcharts.com/def/servlet/SC.pnf?chart=anx,PLTIDANRBO[PB20][D][F1!3!!!2!20]&pref=G

    using ANX as example, see where the volume by price loads up in the P&F...the volume holes are great places to exit as it will take a major push to get thru there...on ANX if it can get past the volume hole at 1.0-1.5 it has some price volume picking up at 1.75 to 3....just run the symbol and use it as part of your approach...no guarantees but it could help...cheers

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    1. the price by volume is on the left side of chart...

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    2. Cool info, thanks honest!

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  15. Why is gold down today? right after Ben promised more easing?

    Gold Apr 13 (GCJ13.CMX)
    -COMEX

    1,662.00 Down 19.60(1.17%) 1:48PM EST

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  16. Its down because its the PAPER price of gold...and they need to hold it as long as possible to cover their shorts and protect the printing....simple

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    1. the only limiting factor on paper shorting gold is the accumulation of the physical gold...once they reach that limit they will have to stop . Buy your physical silver and gold while you can....my guess is once this window closes it will be fast and never opened

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  17. Check out the volume on CVM today. Up over 5 times the daily, but only up 1% price wise. hmmmmmmmmmm

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    1. MMs holdin' it down.........hmmmmmmmmmm ...no pump n dump noticeable.....hmmmmmm........ok I'll take a flyer on it

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  18. https://trading.scottrade.com/quotesresearch/ScottradeResearch.aspx?page=%2fqnr%2fStocks%2fArticle%3fdockey%3d100-031b6118-1

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  19. miners holding up well at close......hmmmmmmmmm.....lotta hmmmmmmms today

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  20. Mind numbing day... augh how can anybody trade this :)

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    1. thats the idea Hubz.......DONT trade it.....buy physical and sit tight....if you must be in the paper market leverage is your enemy.....I'll hold my basket of miners and trade around the edges. Its a slaughter house.......gl

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  21. Yeah interesting activity today. Looks like after yesterday's GDP/FED dissapointments and subsequent jump in PMs, they had to make a powerful statement. I think tomorrow could be volatile, hoping we have another drop in the am so we can jump in!

    Euro near 1.36...meanwhile their overall economy is a disaster...what does that say about the US$ lol

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  22. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/31_Key_Charts%2C_Propaganda%2C_Gold%2C_Silver_%26_The_Ongoing_Collapse.html

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  23. To answer my own question...of course, we had an ELECTION! But now that it's over, the numbers turn (more)real. Here in N.C., Frieghtliner just announced 1200 layoffs and the legislature substantially reduced unemployment benefits to $350/wk. Pain starting to mount. Even people in the grocery starting to talk of prices...strawberries $5.99 and asparagus $6.99.

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  24. http://rt.com/news/martial-law-north-korea-180/

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  25. Another month of all fed purchases and no sales in temp. open market operations..
    first back to back months of no sales all buys since 9-9 2011..fed balance sheet is getting bigger..

    http://www.newyorkfed.org/markets/tot_operation_schedule.html?date=113011

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  26. HCG,

    Do you have an entry spot on ANX? Looks like old news that their recycling? lots of shares traded today though..

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    1. by the way, thanks for the tip on ABIO. In 5k shares on Wednesday @ .61.. Sold yesterday @ .95.....

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  27. Jobs report missed by 10K. It may allow a "contolled" rally for PM. May being the operative word. Very much a stagflationary number.

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  28. Gold is getting the crap pounded out of it again! Hello all, I hope everyone has been buying the phyzz! Anyway, I hope everyone is well, work has kept me away from the computer for months but want to check in.

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  29. Another embassy bombing too--lucky it wasn't worse. Was watching the takedown occur...thinking this may indeed be the last buying opp...worked at a major bank in '79 & '80 so have seen this scenario before. Everyone buying gold at the end..

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    1. One way to tell if we have topped is do your own survey.......AND NO ONE owns physical gold other than a few hedges and well-healed investors. Central Banks are buying but the investor class owns NO physical gold........there is a tremendous amount of upside coming......same with physical silver.....NO ONE owns it other than a couple of percent..Even people that participate on this blog don't own a single oz......lot of room to run.....but of course the timing of when....Once the train leaves you will not jump on....it will be moving way too fast......

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    2. BTW this will prove disastrous for our country and its move into the new paradigm. Our standard of living will be slashed for generations thanks to the carefully orchestrated price suppression.

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  30. Jobs #'s are bad and market skyrockets.

    This thing is rigged.


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    1. Of course now here is what is important

      The COMEX has 43.6 tonnes of gold STANDING FOR DELIVERY in its Feb 13 contract......this is massive! by context Dec contract had 16 tonnes standing. This should be quite a battle coming. My guess is its the same people that have been accumulating phys for the past two years.

      Denver Dave says "Just a little truth tidbit if you're worried about the latest sell-off in the price of gold/silver. There's a lot of misinformation, disinformation and absurd ideas about what's going in the market. The truth is that the eastern hemisphere countries are vacuuming up physical gold and silver that they are having delivered domestically as quickly as the London/New York dealers are printing paper gold and silver contracts. You can see this in any given 24 hour trading period, where the price of the metals rises overnight until Hong Kong closes and London opens. Then the price sells off as the London/NYC bullion banks print up more paper contracts and dump them on the market.

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    2. When the crap hits the fan and people realize that their paper gold is worthless, won't there be riots in the streets?

      A lot of wealthy people will get severely burned. I think they'll go down kicking and screaming. Some sort of chaos will ensue if this is the end game.

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  31. Oh my fokkin' God, where do they find these guys?

    http://www.marketwatch.com/story/five-problems-bigger-than-the-national-debt-2013-02-01?pagenumber=1

    Hey mister groovy beard, didja ever think for a second any of these things might be related to the debt, or where we will get the money to repair the infrastructure (currently estimated at several trillion to repair), or... fock it, nevermind.

    Wilks

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  32. Hey, Wilks! The hardest thing for me to accept is that they DO know these things but continue to perpetrate the fraud of it all...so many crooks, so few jail cells.

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  33. Hehehe :) - http://cdn.socialtrade.com/comsys/imgs/2013-02-01_0817_cslFJm_m.png

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  34. 10 Year back over two... hmmmmm

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  35. http://stockcharts.com/h-sc/ui?s=HL&p=D&yr=1&mn=2&dy=5&id=p07277313459&a=242995204&listNum=1

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  36. Paraphrasing a quote today which describes how I really feel about my current position...."standing in the end zone waiting for the hail Mary pass which is probably is going to eventually come" anonymous quote on Steve Shiff fighting with morons on CNBS today..........

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  37. Kyle Bass on cost-push inflation: http://video.cnbc.com/gallery/?video=3000143907&__source=yahoo|headline|quote|video|&par=yahoo

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    1. Stagflation still in play so the question is how long before the rising COST OF ESSENTIALS forces Ben's printing to cease. Right now Ben's printing is creating chaos in developing countries where the cost of essentials comprise the bulk of family's yearly income. My question now is will this force the issue BEFORE our cost of essentials stop Ben. ie...will they exit the dollar for a Yuan/gold based currency.....

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  38. If you are interested I posted (by request) a gold chart and comments on my blog

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    1. ALWAYS interested Inlet thnx...and post the link here anytime

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  39. Thanks for posting the Kyle Bass video...you and Joe have been talking about cost-push inflation since early '09 and helped educate me...Hi inlet.. what is your blog again? sorry misplaced it when I got a new computer. Hope you are doing well.

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  40. Never mind, found it. I agree on the 1700 and pullback but with all the manipulation am frequently incorrect.

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  41. Sister et al - I am privileged to be in Kli's blog list so I assumed I was covered when it came to finding my blog. Sister - glad you found it.

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  42. inlet blog

    chick on his name....he is a member of blog spot

    it is the second one down

    paladin

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  43. well that is where the chart is...lol

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