Wednesday, January 9, 2013

SHADES OF WINTER

Serenity of life
As nature's power and beauty combine for an amazing show one is reminded of just how powerless we are in the scheme of life. Our inexorable march to our own ultimate destiny is not controlled by us but by nature. We can only influence the events along our individual pathways by our choices. We cannot change the ultimate end of our journey. There is a finite time on this planet and whether you believe in the hereafter or not, your impact on this is very limited in the grand scheme of the game.

I find that many miners are being accumulated now by the hedge boyz, but that doesn't mean they expect it to rocket tomorrow. Whether these represent long term holds or something shorter is open for debate, but I'll maintain that we are still in a bullish accumulation that began last spring. They will shake as many of you out of these trades as possible. They want your shares while they are still cheap. Time will tell if I am correct.

Winter is a beautiful season for many of us, but for many species winter brings a harsh aspect to survival. In economics we have our own winter......the Kondratieff Winter......and its upon us. All of you be aware this is the 120 year supercycle deflationary event and the next two years are the "hard down" years. Tighten up your finances and remain vigilante. gl




17 comments:

  1. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/10_John_Hathaway_-_2_Key_Charts%2C_Gold%2C_Fed_%26_The_Big_Picture.html

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  2. the resistance issue was gapped over


    http://stockcharts.com/h-sc/ui?s=PAL&p=D&yr=1&mn=0&dy=0&id=p12175431835&a=257509115&listNum=1

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    1. Yes it was... funny how that works ;) Poor SSRI... sheesh! Just when the chart was looking so promising.

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    2. "shocking" on SSRI....hehehhee....I have a relatively large position in it but this is related stock offering so be it......Should wash out some leaves

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  3. If SSRI tests lower Trendline it may represent a nice buy entry.....MAY..

    http://stockcharts.com/h-sc/ui?s=SSRI&p=D&yr=0&mn=10&dy=0&id=p51110583333&a=242315566&listNum=1

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  4. I've noticed HL JAN 2014 $7 calls have been getting good volume the past few days. May mean nothing but it is sticking out to me.

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    1. vethy interesting....should have news soon on the mine reopening

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  5. http://stockcharts.com/h-sc/ui?s=AUQ&p=120&yr=0&mn=9&dy=0&id=p83211276715&a=264470895&listNum=1

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  6. NKTR suprised me. It blew thru the resistance at 8 dollars as if nothing was there. Finally starting to fall back.

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  7. Barclay's 2013 Price Outlook for Precious Metals

    Gold price average: $1778/oz
    High: $1900/oz
    Low: $1540/oz

    Lack of conviction has tainted gold price action, and gold has struggled to establish its identity as a safe haven asset, instead rallying amid a risk-on environment. The hurdles for gold are mounting from dollar strength to a softer physical market but, in our view, a number of positive macro catalysts still exist that could push prices significantly higher. Beyond central bank balance sheet expansion, uncertainty over the US debt ceiling vote and reduced risk premia in Europe should set a positive backdrop for gold. Furthermore, central bank buying continues, while gold held across physically backed ETPs remains close to record highs despite price corrections. However, this also poses the key risk to prices: should ETP flows turn negative, prices could tumble sharply. We retain a positive outlook on the market and continue to believe rising market confidence, outperformance of alternative assets, and with rising real interest rates will dictate the turning point for prices, factors we do not expect to hinder gold in 2013.

    Silver price average: $32.5/oz
    High: $38/oz
    Low: $25.5/oz

    Silver found little support from its fundamentals last year, and we expect lack of fundamental support to remain the theme in 2013. The market is set to deliver a wider surplus, as industrial demand has softened but mine supply grows unabated to set fresh record highs. Silver prices have been able to rally when industrial demand has been relatively firm, compounded by significant investment demand growth. Thus, given the fragile fabrication demand backdrop, investor interest has a much larger gap to plug. Should the gold market set a positive tone for trading, we believe silver investor interest has scope to play catch-up and lead prices beyond the highs set in 2012. ETP holdings are below their peak, coin sales have recovered and speculative positioning has become more favourable. Given the dependence on non-fabrication demand, we expect silver prices to remain volatile and the least supported across the sector.

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    1. Sammy,

      I'm going to print the Barclay's outlook on fine parchment and wipe my ass with it. Thanks.

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    2. thanx sammy i love this paragraph of contradictions providing basically "we dont have a clue".....read this for comprehension and the conclusion is WTF......

      Silver found little support from its fundamentals last year, and we expect lack of fundamental support to remain the theme in 2013. The market is set to deliver a wider surplus, as industrial demand has softened but mine supply grows unabated to set fresh record highs. Silver prices have been able to rally when industrial demand has been relatively firm, compounded by significant investment demand growth. Thus, given the fragile fabrication demand backdrop, investor interest has a much larger gap to plug. Should the gold market set a positive tone for trading, we believe silver investor interest has scope to play catch-up and lead prices beyond the highs set in 2012. ETP holdings are below their peak, coin sales have recovered and speculative positioning has become more favourable. Given the dependence on non-fabrication demand, we expect silver prices to remain volatile and the least supported across the sector.

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    3. bottom line is i think these guys can only hold the silver trade so long.....China just announced that they bot 91 tons of gold last months.....unbelievable......

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  8. LOL I figured you guys would get a kick out of it. It's amazing how these scam artists can talk for hours and not say anything!

    Btw some interesting reports coming out tomorrow about agriculture supply and demand for the year, should be interesting given the recent drought.

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  9. Just a follow up to the Santelli Snippet

    http://johngaltfla.com/wordpress/2013/01/06/2013-part-2-the-gold-registration-act/

    beyond surreal, Fk that's an understatement......

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  10. Tom,

    I read your above link. Martin Armstrong has written that he believes gold & silver will become an underground/black market-type currency. With the gun control debate, some Americans are speaking out against further government control. This may need to occur with the PM's as well. I am concerned though that our government has little choice but to find what has value, and then tax or confiscate it. What choices do they have??

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