Wednesday, February 13, 2013

GRINDING TRADERS INTO DUST

Just what the cartel planned. You can do this when you control every aspect of the Precious Metal's market. You control many of the largest miners. You control the governments that regulate the producers. You control vast quantities of above ground physical gold. You control the paper derivatives that serve as black holes for investors believing they actually are investing in gold and silver bullion. You control virtually all of the media that reports on fiat and precious metals. You control the Bank of International settlement that sets the daily price of bullion and you control the bullion banks that feed sovereign central banks. You control the military and politicians that decide whether bullion flows cross border. You are able to tell an economic powerhouse like Germany that you cannot have your own gold.....at least not now.....and maybe never. You can convince the masses that owning gold and silver are NOT money and should not be owned.....even though they have slaughtered general equity performance over the past 12 years by a massive percentage. Just go ask the Billions of Asians and Indians what money is. They will respond gold and silver NOT fiat. Ask an American.

We're in strange times now and it will probably intensify. When you are engaged in a massive effort to keep the dollar as the world's reserve currency all types of tactics will be employed. The CONfidence must not be lost or the game is over. I watched Asian women today buying Louis Vuitton purses at 3K a purse for the Chinese New Year like they were buying a hamburger.  No big deal. In every high end shop there were virtually NO Americans, but they did have Asian buyers. The times they are a changin'. No Europeans either BTW.

I listen to the CNBS pundits explaining how the increase in payroll taxes will have no effect on the Target and Wal Mart shoppers buying but it MIGHT have some effect on the higher end department stores. REALLY???? Where do they find these clueless POS.

Most of your have your own compartmentalized worlds and that may be very healthy for you. I travel between several worlds and I talk to a lot of different people in these worlds. I also frantically scan information on a lot of sites and I do NOT see the turnaround that some of you believe is here. In fact I am seeing a fatalistic acceptance of much of what we discuss here. A lack of morality, a lack of fundamental laws, the rise of the state, the loss of the individual, and the lack of a future. These are not the foundation for this country to move out of this morass. I hope as some of you have stated that we find that "Next great invention or energy force" and we surge into the 21rst Century. Instead I expect to see more NDAA/Patriot Act/ Domestic Drone control/ Fema camps/ TSA/ Homeland Security/ Militarized police/  gl all .....charts later tonight





115 comments:

  1. You do not see a turn around because there is NONE! What is spewed as news of recovery is nothing more than an illusion for the uninformed.

    What you see in your last sentence is what is going on right before our very eye's and shows no sign of letting up......

    This was on ZH today thought it worth posting as it sort of ties into the last discussion.

    http://www.zerohedge.com/news/2013-02-13/guest-post-dont-worry-be-resilient

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  2. Exactly..Kli. The PTB manipulate gold, silver, the vix, the futures...

    85 billion a month out of thin air into equities and shorting PM, Miners, Vix...

    Meanwhile on main street...fairly bleak. to sum it up. Some folks leasing cars to look better than they really are.


    Realestate in my area is tough call. Seems like a tight market. but these are large properties. 3 acres plus w/ocean views and breezes. Maybe back to 2007 levels or close.

    The rotation may be out of bonds and into property.

    Buisness is tight. Bids out but no contracts. Even for small stuff. Only work that gets the OK is work that is life and safety or non discretionary if you will.

    I do not see anybody going out on a limb and expanding or upgrading. Only trying to hang on.

    More and more the agrian side of things I can do show more potential. Been busy here, Lot's of avocados this year.

    Hope all is well with you all...Good luck. I think it could get bumpy.

    Sheeps.

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  3. Back on tierra firma and charts up with pics good nite all

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  4. I think it's fair to say that I'm suffering a bit from what I'd call "doom and gloom" fatigue. As in, I've had the mindset for the past 3-4 years that the US and world economy is doomed, we're about to crash and burn, when you look at the deficit and the QE programs, and all other indicators, the math simply does not add up, and math never lies. So, by any measure, the markets/dollar should be tanking, gold/silver should be higher, and garbage like PCLN, AMZN, etc, should be heading toward new lows, not record highs. However, the exact opposite is happening, with no signs of a reversal. I think it's natural to start questioning things when they keep going against what you believe.

    Personally, I've missed a huge move in the markets by playing it conservatively, and it sucks to listen to my colleagues talk about their 401k and portfolio performance, which easily beats mine. Maybe, just maybe, this keeps on going until Dow 20,000. Meanwhile, gold/silver continue lower or stay flat for years. It's difficult to make any sense out of all this. For now, I'm continuing to stay in cash/passive index funds, while exploring my options to get into physical bullion.

    I'd hate to miss another 100% move in the markets while waiting for doom that never comes.



    ReplyDelete
    Replies
    1. Bud,

      The trend is your friend.

      The market is their measuring stick, so dips into the abyss will be minor and they will float this thing as I high as possible for maximum pain..Then crash it...
      Timing it will be next to impossible...stay with trend..The FED hasn't sold anything in the last 2 months thus market ride higher..They have been buying 180 billion in treasuries and MBS without a talf/tarp sale...hasn't been 2 months like that since 2011...

      I've been rotating in and out of small caps making some change. Rolling profits into physical and other plays...

      I think we are close to correction with earnings almost over..March brings some volatility...

      Delete
  5. Bud,

    If that is the case here's a good website that may help........


    http://www.peakprosperity.com/


    Clear your mind and your arse will follow!

    ReplyDelete
  6. I am personally optimistically pessimistic. And just in case anyone’s thinking of getting all positive on us, here’s this morning’s news out of Europe.

    European GDP in the 4Q 2012:
    Germany down 0.6%;
    France down 0.3% falling for the third quarter out of the past four;
    Spain down 0.7%, 1.8% compared to the same quarter of 2011;
    Italy down 0.9% quarter-to-quarter and down 2.7% from the same period a year earlier;
    Greece down 6% from the same three months of 2011;
    Portugal down 1.8% quarter-to-quarter and down 3.8% from the same period a year earlier.

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  7. why worry about your metals stash..they aren't

    The world's central banks last year bought 534.6 tons of gold in 2012, the most since 1964, as global gold demand hit a record value level, the World Gold Council said Thursday in a quarterly report. Purchases by central banks for the full year rose 17% compared with 2011, while fourth-quarter purchases of 145 tons marked a 29% rise from the same period a year earlier. "Central banks' move from net sellers of gold to net buyers that we have seen in recent years has continued apace," with official sector purchases across the world now at their highest level for almost half a century, said Marcus Grubb, managing director for investment at the World Gold Council. In value terms, total gold demand in 2012 was $236.4 billion, an all-time high, the council said.

    ReplyDelete
    Replies
    1. I have bought gold bullion for 30 years chuck and there has never been anything like this.....gl

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    2. Know anything about KERX Honest?

      Delete
  8. No problems with your thoughts Budfox Keep um comin'.....just remember the Market is NOT the economy

    Here is somethin' that should make you smile
    http://www.zerohedge.com/news/2013-02-14/guess-who-was-buying-hnz-stock-its-clients

    ReplyDelete
    Replies
    1. It was me, I'm a millionaire now ;)

      Delete
  9. this is very well stated and explains why this game is being played

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/14_Russia_%26_China_Know_Final_Currency_Devaluation_Is_Coming.html

    ReplyDelete
  10. Gold getting its morning beatdown....
    Gold is bad
    Gold is bad
    Gold is bad

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  11. KGC is the miner today that is having its shorts covering.....anyone see a pattern....

    ReplyDelete
    Replies
    1. Miners up silver down... hmmm.

      Delete
    2. been going on for several days same patterns.....I would feel more comfortable calling a bottom with a nice gold spike down....

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    3. There it goes......baboom......beat it down..hehehehe.....this is VERY good....knock the chit out of it

      Delete
  12. Wow PMs getting crushed, time for another physical buy I think.

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  13. They are really working hard to shake some of those contracts loose I guess. This may be the best time for a long time to be buying physical although that's been said so many times in the past. Regardless there never really is a bad time to buy physical.

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    Replies
    1. If you believe their narrative then of course you aren't buying physical.....you're selling. I don't think I am buying what THEY are selling. So I am buying physical.......gl

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  14. I also received a private mail from someone that has worked with KWN and his sources are telling him 22 days before a major move in PMs begin..I also told him I have no inside sources any longer BUT....that does fit with the March timeline I have....so we will see.....Miners could inch up before. The charts on miners seem to have a shorter timeline than the actual metals

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  15. Have you guys seen the Ron Paul interview with Bloomberg?

    http://www.silverdoctors.com/ron-paul-trade-war-economic-collapse-coming/

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  16. they have zipped this trade up tighter than I've seen in many years......

    ReplyDelete
  17. What's going down in March? I keep reading about that. Is the COT stuff showing something?

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    Replies
    1. There are a number of issues that make March my lift off month ....one is the timeline on this consolidation which is extended now the usual length and the triangle is played out in March.......it will break out up or down....... sell in May and go away may be too late this year for general equities.....then of course there are some "other" factors

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    2. Silver will be the break on the COT and yes March could be a big problem but my guess is they try to paper it over awhile longer

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    3. Wow just looked at the volume, they had to push pretty hard to get SLV through 29.50. I'm going to get some SLV calls before the close I think and put money where my mouth is... By at around $30, ride up to $32-$33 :)

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  18. Hubz - multiple cycles bottoming in March should provide a good buy point for gold. See chart: http://www.swingcycles.blogspot.com/2013/02/gold-outlook-february-2013.html

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  19. Nice little smack at the EOD on SLV. They did not want it closing above 29.50 it looks like. These last minute rallies and drops as well as the premarket stuff not only in Commodoties but stocks too is just getting ridiculous.

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  20. Damn Ackman is going to have a horrible Valentine's Day. Icahn is RUTHLESS. I think Ackman is probably right but he should've kept his trap shut. Icahn had bigger guns and it was only a matter of time before he squeezed Ackman.

    ReplyDelete
  21. Central Banks Buy the Most Gold Since 1964


    http://247wallst.com/2013/02/14/central-banks-buy-the-most-gold-since-1964/#ixzz2KvDaPNIo

    ReplyDelete
  22. Are the Asian Metals markets closed this week due to Chinese New Year? I thought it was only Monday...but just maybe that's how they can keep driving it down relentlessly this week. Of course the $85 billion doesn't hurt.

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  23. Yes, yes they are. And boy, does this send mixed messages: http://www.bloomberg.com/news/2013-02-15/gold-bears-braced-for-u-s-to-china-growth-recovery-commodities.html First they say don't buy gold, then they say there is no inflation but commodities will rise! Ah, it makes perfect sense.

    ReplyDelete
  24. I agree with the usual sentiments, "the trend is your friend", "don't fight the Fed", etc. The trick is not knowing how long this trend will continue, 6 months or 6 years? The temptation to stay in equities and ride the market higher is there, but so is staying in cash/bullion and out of the casino all together.

    Every man/woman for themselves, I guess. But more and more, I'm starting to believe that 2013 will be an up year for the markets, and down/flat for metals. There seems to be nothing to indicate a collapse of any sort is coming, but this is why I read this blog, and defer to Kli and others for their insight. We all benefit from different points of view.

    If gold is headed higher beginning sometime in March, what does that mean for the markets? The long awaited correction, and would you want to buy that dip?

    ReplyDelete
  25. People have the right to stay in the paper casinos or take a trip on Carnival Cruise. Wishing good luck if you win and suck it up if the toilet overflows.

    Box Canyon trading is like Russian Roulette, with that note this is the effect of small chair impact. Now back to the free drinks in the casino.

    http://rt.com/news/meteorite-crash-urals-chelyabinsk-283/

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  26. It wouldn't be so bad if you got a free bottle or two from your brokerage while your getting your pockets picked and if they did you can bet it would be Makers Mark......

    Can you imagine what it would be like of that rock landed a top of a large metro area yikes!

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  27. BYE BYE Gold. Here we go again. Turning off the computer. Will look back in a few months!!!

    ReplyDelete
  28. Let them crush gold and silver! Has anyone been following Harvey Organ's blog. The contracts are approaching the high when silver was $49 an ounce. There is nothing but relentless pressure from selling paper contracts. Soros sold half his shares in GLD. Gartman is shorting gold. Everyone is starting to give up. I hope the kill the price so I can buy some more gold coins and silver bullion this holiday. Always DARKEST before the DAWN! GL

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  29. many miners seem to be testing there May lows and some are already below that. almost seems like the miners r headed for there 2009 lows. a horrible trade at this point. if the PTB want cheap shares, then a price of zero should satisfy there hunger.

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  30. Didn't realize the G-20 was meeting--coupled with Asian markets' close, this has been brutal. Starting to think I am the greater fool. But we'll see what next week brings. Again, Clive Maund has been very accurate over the last 2 years and he's saying 1500.

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    Replies
    1. I would argue that Maund is right about 50% of the time. He got people long a bunch of PM equities a few weeks back and most have been stopped out. I've been following him for several years so I speak from experience. I do think he's very knowledgeable and keenly understands and considers many of the factors surrounding the PM trade but he's made many a call that have gone south. I have the bruises to show for it.

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    2. Agreed I followed him for a while and just about broke even........

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  31. Thsnks SilverIsKing, don't trade with him so maybe only caught his good calls...looks like a death cross on gold now rapidly approaching.

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  32. I admit I am the fool. holding the miners in this cliff dive was foolish. missing the rally in other sectors just makes it all seem worse. horrible trade on my part. good luck everyone.

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  33. CNBS just had a PM guy on and they had tried to chop him up on PMs.....very entertaining. Watch Gold today or Monday for its bottom. You know what I call bottom pickers and the reason I bring it up is because I still think its a hard two days down that gives us our bottom candle tail reversal........but......maybe they want to see us REALLY get low and REALLY get the sentiment negative and REALLY get the naysayers cackling.......hehehhehehe.....I'm as fully vested in miners in my portfolios as you can get and yes they are getting clobbered.....but this verges on comedy....sorry I have to just laugh at how many peeps are going to puke up their shares to these guys......WHO DO YOU THINK IS BUYING YOUR SELLS???

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    Replies
    1. Exactly. Everyone who was wishing for a dip to buy more physical, well here it is. Funny how many are scared to dive in now thinking it may go lower. It may go a little lower but there will be a point in time when today's prices will look so cheap. I can't see them taking it much below $1,600 and $30 especially with the Chinese coming back online next week. My only concern on miners is the cost of oil. As the price of gasoline increases, their margins decline but long term, they're are going to be some big winners in that space.

      Delete
  34. Red and everyone interested......ALL the talk about the meteorite the past week was about how bad it would be if the 20 tonne meteor hit Earth....ALL of this talk and what happens a TEN TONNE meteor hits us out of "nowhere".......TEN TONNES....REALLY???? How is it this possible?? WHAT really happened. Did they hit the 20 tonne and break it or just miss a meteor only HALF as big that hit us

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    Replies
    1. Or was it some nuclear test gone awry?

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    2. Now the reports I am reading disagree with the NBC report on Today show of 20 tonnes and the written reports say closer to 100,000 tonnes......that makes sense>>>>

      Delete
  35. hehe, honestly I am hoping that a double bottem is forming in several miners. EGO is that point. a lot of volume on some selling. I am hoping this last drop is going to be the exhaustion point of the sellers. maybe this is the last pain before the gain. good luck everyone. it's been a painful couple of weeks

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  36. http://blogdogcicle.blogspot.com/2013/02/did-russia-shoot-down-meteor.html

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  37. Too bad none of my brokerages will let me short the miners, otherwise I'd do it. That seems to be the only way to play that trade to make money, or just stay out. Long miners will wipe you out, so looking back, getting out was probably one of the better decisions I made.

    Not sure if there's ever going to be a "rip 'em higher", however. All I see is "continue to rip 'em lower" and then maybe buy them out or take them over for pennies on the dollar.

    Nothing for the little guys left holding the bag.

    ReplyDelete
    Replies
    1. Yes we indeed are a forlorn group Mr budfox.... thankyou for your reminder and Paladin may be right about your presence.......I guess we shall see which one of us is right over time.....

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    2. Bud,

      Go long Food, Fuel, Health and Some PM Coins to let jingle in your pocket
      and tune out for a bit, sounds like you need a break, lifes to short take a vacation with the family and prioritize what's important to you.

      Delete
    3. Baaaaaaaa, I feel sheepish.......... O well not the first time sure it won't be the last....



      Delete
  38. Interesting how so many are now calling the miner trade dead. It's just what the doctor ordered.

    As you have been saying for years, they don't want us in this trade and they must be getting close to their objective. When sentiment is fully negative, it'll be GO time.

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    Replies
    1. You need the flush for the "bottom" to be achieved....at least an intermediate trading bottom.....We definitely are getting a flush today and that is very encouraging.

      Delete
  39. Gold is dive-bombing today!!!

    They are taking it to 1500!

    Gold
    1,606.00
    -29.50
    -1.80%

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  40. In fact I'm so upset I am going to make a bullion order here....

    ReplyDelete
  41. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/15_Zulauf__We_May_See_A_Shortage_Of_Gold_%26_A_Massive_Price_Spike.html

    ReplyDelete
  42. I find it interesting that so much time and effort is spent on CNBS castigating the "gold trade" by pundits and commentators if it is such an "insignificant" aspect of the "market"......Why waste that much time and effort on an insignificant issue???

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  43. Would anyone like to venture a guess on why the Pope "resigned"......and how much Vatican gold his "resignation" cost the Vatican......did they get all of the Vatican gold?????

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    Replies
    1. The Vatican has seen something in the sky that confirms the knowledge handed down through the ages, (science to the informed , magic to the uninitiated), and has initiated their end of cycle plans which requires Peter the Roman, whoever that is.

      DA14 is officially estimated between 130,000 to 190,000 metric tons (composition unknown). I have not had the free time to study trajectories from asteroid companions in a helical model of the solar system; the question of can asteroid companions impact both hemispheres or did the Russians just get some very bad luck. "God doesn't build in straight lines" Lots of rocks up there that don't reflect. The Vatican has been obsessed with comets not asteroids, need more data on comet ISON.

      I would not worry too much unless it or something similar actually hits, then you got plenty of time to run to the bank, grocery, airport, gas station or pray if you live next to the impact area.

      I am avoiding paper miners, you may get a nice spike from the gutter along with physical but a disconnect will develop between physical and paper bullion and miners, as parties demand immediate delivery.

      Have to keep the global populace numb and dumb, or the whole global JIT breaks down in 24 hours. Somebody has to be around to greet you at Walmart.

      Delete
    2. Well in about an hour we will have DA14 within our satellite's orbits. That is very close. If they have another non-reflective companion it could stimulate quite a robust panic...especially if its a little larger than 10 tons.....poof

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    3. Was listening to G Beck this morning and his spin was three days for things to become unhinged using the behavior of the "Customers" on the Cruise Ship "Triumph" hehehehehe, and based on the behavior of the folks round here during Sandy thats about right so to the point better use that 24 hours wisely

      Delete
  44. hehe. please elaborate, you peeked curiosity. my guess is he is in bad health, and mostly likely he was pushed out because change is about to take place within the catholic church. about the gold, I don't believe it would be far fetched if the Vatican had to unload some to avoid criminal prosecution from the cover up of the past

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  45. Wonder which Cardinal will replace him and deliver the goods? What happened 600 yrs. ago when the last resignation occurred? May do a little research on that. L-t I'm not worried, but must admit they are geniuses at messing w/my mind.

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    Replies
    1. I think they want a latin pope as old europe is fading and the base the church needs is in south america

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  46. Never mind....the Vatican has no gold

    "The Vatican's treasure of solid gold has been estimated by the United Nations World Magazine to amount to several billion dollars. A large bulk of this is stored in gold ingots with the U.S. Federal Reserve Bank, while banks in England and Switzerland hold the rest. But this is just a small portion of the wealth of the Vatican, which in the U.S. alone, is greater than that of the five wealthiest giant corporations of the country. When to that is added all the real estate, property, stocks and shares abroad, then the staggering accumulation of the wealth of the Catholic church becomes so formidable as to defy any rational assessment."

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  47. this should tell you everything and this happened to "slip" out before they could paint it over...I'm tellin' you things are in big trouble and getting worse

    http://www.zerohedge.com/news/2013-02-15/wal-mart-stock-drops-after-it-says-february-sales-total-disaster-worst-montly-start-

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    Replies
    1. Man. If things are bad at Walmart, we know the economy is in trouble.

      That place targets the piss poor welfare crowd.

      Delete
  48. Jumped out of my SLV calls for a slight loss this morning and glad I did as I think $27 is maybe in the cards yuck... Got in APA puts instead and up nicely on them so far. Chart is fugly.

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  49. Jay - waiting for my welfare debit card so I can buy food at Wally World. Hehehee

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  50. Don't take this the wrong way but you shouldn't need a report from Walmart to verify things suck, look with your own eyes! Malls are empty, Big box stores are empty, Main Street is out of business and whats left is giving stuff away @ 50% off, Resturants are price fixing and skimming portions, Groceries are up, fuel is up, Prop Taxes are up...... State and Local Guberments are broke and seriously twisting gaap principals to kick the can hoping something will save them! Walmart sales suck because the economy sucks!!!!!!!! plus the falloff from those that ran out of UE benifits.....

    Wow!!!!!!!!!

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  51. My apologies for offending anyone, or if you think I'm a troll. I assure you, it isn't so. I agree with a great deal of what is discussed here, just not the sinking ship known as the miners. I'm simply trying to understand why anyone would stay onboard or go down with that ship, when there are other, better opportunities to make money.

    For me personally, it was big mistake to ever enter this trade, and therefore, a good decision to get out when I did. For those who continue to stay, I hope you are proven right and rewarded, even though it looks highly unlikely now.

    Don't worry Tom, with respect to food, water, health, and family, I'm covered. As I indicated in another post, I'm working on the bullion part.

    Back to lurking, good luck to everyone.

    ReplyDelete
    Replies
    1. Respect your opinion bud, and I for one have stayed out of the equity of paper miners due to fuel expense and first call of bond holders except for 10 shares held over a decade. Just trying to avoid focusing on moving the paper around at this stage of the confidence Ponzi.

      Delete
    2. No worries Bud glad your covered but did notice no vacation :)

      Gl

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    3. Bud I wish you the best...some here must be in the paper market and selling in oversold conditions may not be a wise move. Certainly shorting miners here is a poor risk reward unless you are very skilled....as I've said repeatedly they do NOT want you in the trade and you are out so best of luck to you....

      Delete
    4. These are very dangerous people Bud....I know.....I have been threatened by them with death and I will stay right in the trade....If you don't understand what I am saying then sorry.....I don't intend to change my strategy.

      Delete
    5. Past performance is not an indicator of future results.

      Need I say more?

      If you are buying mining shares, aren't you better off buying when the prices are lower? Unless you think there companies are going belly up or the gold and silver will evaporate from the ground, there will be a group of miners that outperform once the metals get moving again.

      Delete
  52. http://blogs.marketwatch.com/thetell/2013/02/15/soros-cuts-back-on-gold-and-citi-talks-price-hibernation/

    good read, check out comments below

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  53. Wal Mart may or may not have intended to leak that e mail but someone did leak it...THIS SHIP is goin' down and has been for several months. Europe is falling off a cliff and so is Japan. China's going to stimulate to stay afloat.... beggar thy neighbor. If you think this pulls out then best of luck. Red is correct in the trade and it is bullion coins and the essentials. If you don't know why then you need to do some research. JIT is something we didn't have in the last GD in 30s....this is the system's achilles heal and threatens us all.

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  54. Budfox - you keep some $s in a non-correlated assets because when (not if, but when) the SHTF that non-correlated asset whether gold or an inverse ETF will see moves of 100, 200, 300 % on a 40-50% move in other assets/stocks. Ask Kli about SKF and the last time the market crashed and the % moves...

    It doesn't matter whether you are a doomer or not, you need some insurance.

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    Replies
    1. when not if???? you doomer......hehehehehe

      Delete
    2. I LOVED buying leap puts on SKF and SRS when they hit the upper $100 range... Easiest friggin money I ever made. I would love for those days to return. That volatilitity was unreal and was an option traders paradise.

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    3. "the good ole days" hehehehe

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    4. I was a brand new trader then... holy chit the stupid bets I did and lived to tell the tales. I'm a dumbass who shorted LEH on MARGIN (augh!) until that fateful Friday. Up a huge amount and then took the profit and bet it would be saved over the weekend... well... woke up Monday with my profit gone. Ouch ;)

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    5. Glad to see I'm not the only one that made that mistake! Lost O bunch on calls that it would be too big to fail........

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  55. Wal-Mart Stores Inc. (WMT)
    -NYSE

    69.15 Down 1.67(2.36%) 3:42PM EST - Nasdaq Real Time Price

    Wal-Mart executive labels February a disaster

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  56. gettin' closer to that "bottom".....hehehehehe....watta joke but thats the game

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  57. Kli,

    Curious how Joe feels about the miners. Don't know if you have talked to him lately.

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    Replies
    1. have not talked with him by phone for almost two years

      Delete
  58. Bet these guys get a slap on the wrist and are back trading within days....

    Turn $90,000 Into $1.8 Million: An SEC Guide

    http://blogs.wsj.com/corporate-intelligence/2013/02/15/turn-90000-into-1-8-million-an-sec-guide/

    ReplyDelete
  59. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/15_Fitzpatrick_%26_Greyerz_-_Fantastic_Gold_Chart_%26_Commentary.html

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  60. Now April gold in backwardation...something serious is going on: http://www.zerohedge.com/contributed/2013-02-15/gold-leaps-backwardation Monday will be very interesting since our markets are closed, but Asia open. GL everyone.

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    Replies
    1. This is getting interesting :) Funny how things begin to time all together at once eh? Kli's March timeline may not be incorrect.

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  61. http://www.silverdoctors.com/is-this-the-start-of-2008-all-over-again/

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  62. I just finished listening to the 1st hour of the Financial Sense Market report. There were many comments about gold (nothing about silver).

    Basically:

    Gold fell this week due to a 3 negative events. 1) In 2012, Investment demand for gold fell 10% and World Investment demand fell 0.4%. 2) 13F filings by large investors/hedge funds showed selling of "gold". The example they gave was Soros selling 1/2 of his stake in GLD (but note that GLD is paper gold). 3) Major technicals for gold were broken this week.

    One commentator spoke about the 13 1/2 month cycle for gold, and this cycle will bottom sometime in May. I don't know if Inlet might comment about this 13 1/2 month gold cycle. The "bottom" for gold is estimated at 1540-1560. On commentator said that he was short gold to 1590, and he is going to remove his short position.

    The commentators felt the gold will do better in the second half of the year because inflation concerns will increase.

    Some non-gold comments were that the market is due for a correction any day now. The correction will occur quickly & scare many people. The correction may only last a few weeks and probably be not more than 10%. So, if you have not rotated out of bonds yet, it would be best to stay in for now until after the correction. The correction might start due to Fed comments about altering QE in some fashion. I believe the Feds meet on Wednesday so let's listen for that.

    They advised that you do have to be a market timer. Buy low, sell high, then rinse & repeat. A "Buy & Hold" type market will not start until sometime in the 2020's.

    For now, energy stocks will do better than financial stocks.

    So, that was the first hour. I will see if I have time to listen to the second hour later.

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  63. This blog is filled with great info. I believe we all agree that just by speaking BB can have influence, but there is no way they are gonna stop the printing presses. They just can't help themselves and the banksters by any other means.

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  64. Urgent! Hedge Funds Preparing For Market Sell-Off. By Gregory Mannarino

    http://www.youtube.com/watch?v=5WO2wp81M2E

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    1. I'll stick with my March timeframe.....infact I'll put it in the middle of the month

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    2. I went ahead and posted the youtube above thnx paladin

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  65. http://www.youtube.com/watch?v=Gw8LPn4irao&feature=youtu.be

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  66. Doctrader - I am using 9 months as a cycle to watch last bottom mid June?).

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  67. Thanks Inlet

    I'm just reporting what I heard. May or June, pretty similar time frame. Kli's going with mid-March. Whichever it will be, a bottom is relatively close.

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  68. Last bottom June 2012 puts next bottom in Mar 2013 as shown in my chart for $gold just over a week ago....

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    1. OK.
      I misread your initial post about June.

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  69. Budget sequestration

    HistoryAs a legal term, sequestration is the seizing of property by an agent of the court, to prevent destruction or harm, while any dispute over said property is resolved in court.

    Sequestration was first authorized by the Balanced Budget and Emergency Deficit Control Act of 1985 (BBEDCA, Title II of P.L. 99-177). This is known as the Gramm-Rudman-Hollings Act.[1]

    In 2011 sequestration was used in the Budget Control Act of 2011 (BCA, P.L. 112-25) as a tool in federal budget control.[1] The Budget Control Act of 2011 authorized an increase in the debt ceiling in exchange for $2.4 trillion in deficit reduction over the following ten years. This total included $1.2 trillion in spending cuts identified specifically in the legislation, with an additional $1.2 trillion in cuts that were to be determined by a bipartisan group of Senators and Representatives known as the “Super Committee” or officially as the United States Congress Joint Select Committee on Deficit Reduction. In the event the Super Committee failed to reach an agreement, the bill created a trigger mechanism to implement drastic across-the-board spending reductions known as “sequestration.”[2] On January 31st, 2013 the Senate approved and the House passed debt limit bill (H.R. 325) known as No Budget, No Pay Act of 2013 in a 64 to 34 vote.[3] The legislation extends the current borrowing cap of $16.4 trillion through at least May 18th 2013.[4]

    [edit] Current UseThe Gramm-Rudman-Hollings Deficit Reduction Act (GRHDRA) of 1985 created a congressional procedure, now known as sequestration, that draws attention to the Federal government's budget. Before the GRHDRA was passed, multiple appropriation bills would be passed by Congress creating a total sum of government spending that exceeded overall budget goals. Under sequestration, if this total exceeds the annual Budget Resolution, spending is automatically cut. Sequestration should reduce spending across the board (affecting all departments and programs by an equal percentage), but Congress has at times exempted certain programs (such as Social Security). Such exemptions create greater burdens for those programs that are not exempted. The amount exceeding the budget limit is held back by the Treasury and not transferred to the agencies specified in the appropriation bills. [5]

    Because re-elections to Congressional seats rely heavily on funding brought back to each congressperson's home district, sequestration had not been triggered as of February 2013. In every case where it potentially would have occurred, Congress has raised spending caps in the Budget Resolution, near the end of the relevant legislative session. The Sequestration Transparency Act of 2012 (P.L. 112-155) requires the President to submit a report to Congress on a potential sequestration which may be triggered by the failure of the "Super Committee" to propose and for Congress to enact, a plan to reduce the U.S. Federal Budget by $1.2 trillion as required by the Budget Control Act.[6] The report which was issued September 14, 2012 and was close to 400 pages long, provided the warning that 'sequestration would be deeply destructive to national security... and core government functions'.[7]


    http://en.wikipedia.org/wiki/Budget_sequestration

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  70. Jim,

    I am an “evil speculator” (hedge fund manager) based in New York City. The professionals that I work with and the money of families that we manage represents $10s of billions.

    I, too, agree that the price “events” will be resolved on or before your upcoming birthday. The manufactured movements in gold and silver futures markets are becoming, as you have acknowledged many times, so obvious to market participants as to show a blatant sign of weakness. Some time ago, we began trading these “events” in the paper market – anticipating obvious declines, profiting to the downside, removing our fiat profits from the paper system, and buying bullion in (further exacerbating the physical divergence). This is gold we will not sell until full valuation is reached (or you pry from our cold dead hands). I, of course, would not recommend that any of your non-professional readers attempt this type of trading activity, but it might be nice for them to know that there are some sharks out there on their side. As you know, we are not the only ones doing this. The sharks smell blood in the water and are beginning to circle.

    Today’s flush was a gift.

    CIGA T

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  71. For sure, cnbs doth protest too much. In the Frank Holmes video, notice how the anchor tries to tell him repeatedly and forcefully that "gold is not currency". I am now starting to have friends who sound like us...this is a HUGE change from the past 5 yrs.

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    1. yes sister it is becoming even obvious to those that have allowed themselves to be conditioned to the closing their eyes for years to the takeover. They are now becoming aware that "something" is drastically wrong but they just can't put their fingers on it. They cling to the "random events" theory and hope the pendulum will swing back to their false paradigm constructed over the years........gl with that

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