Saturday, January 26, 2013
The real Frankenstein is the Frankenstein Economy and as this monster that's been cobbled together to maintain the dollar's supremacy and this monster is teetering over the abyss. As it wobbles into the end of the Supercycle more than stocks and metals will be gaining importance in our lives. Social order is in jeopardy as the real employment weakens. Shorting the big pigs like Netflix, Whole Foods, SBUX, CMG etc will be easy targets if you are not leveraged. This is where the technical players with cash left will be deadly this year. Honestcredits target of over 1500 on the SPX is here. Now its going to go to nosebleed levels??? Perhaps. But individual pigs like AAPL at 700 are the targets. On the road for a couple of days but will comment. gl this is NOT going to be a good year for the Ponzi
Here is an excerpt from Jim Sinclair which may help those confused by their decisions.....
If you had 2 tonnes of gold and wanted to sell you would fire any broker that went into any market and yelled "20 tonnes for sale!" when the bid was for 100 ounces only. Take comfort knowing that the early am takedown and takedowns in late Asia time are not valid sellers, but painters of the price for their best interest. Nobody is so stupid as to announce they want to sell a major part of one year’s production of gold or silver when there is no market to absorb any reasonable part of it.
This is a wicked game being played by sociopaths to whom destruction gives both profit and great pleasure. If all the business matters in the shares of the business in gold into which you have invested are working out properly, simply stop quoting it for a few days. If your gold is fully paid for simply stop quoting it.
This is a nasty game taking place which relies entirely on scaring out of your wits. Yes, out of your mind, so you sell something of great value for peanuts to the exact party playing with your head via price. When you must look at the action, remember there is a buyer for every seller. That buyer is not scared out of his/her wits if you sell to stop the pain you are in.
Have my courage which I freely offer you by knowing that we are absolutely correct in markets made by devils that are bullies whose occupation is theft. Gold is the ultimate battle between good and evil. It is the ultimate battle between deficits and surpluses. Gold is the battle between paper currency backed by nothing and guaranteed by nothing versus sound money. This period of the market is the deciding battle of the Mahabharata. This period, today, is an attempt to drive you out of your wits, which is in my opinion the last and largest attack you will see perpetrated on us before gold closes over $3500. This period of pain will not be measured in months, but counted in history as days.
I prefer to listen to Bert Seligman's partner and son. gl to all of you Kliguy38
Posted by kliguy38 at 10:14 PM