Tuesday, February 19, 2013

OLD SOLDIERS NEVER DIE

Sir Dr. Alan Moe Greenspan
They are just mummified and pulled out of the tomb once a year to sit in front of a CNBS pundit. Alan Greenspan, cabal soldier and mouthpiece states that we don't have control of our fiscal house and the Fed can only do so much. NOW you tell us. I thought you had our backs big Al. I guess we can all go home now and just get ready to toughen up for a century of higher taxes and austerity. But then why are we reaching new highs in the stock market and why is Dr. Bernanke ( I wonder if he can help me with this hernia  I have?) telling us in testimony after testimony that we are on a steady road of improvement with slow growth? These cross currents of information confuse me just as your Fed's previous statements of no need for further QE after QE 1......and THEN we get QE 2, QE 3, and now QE to infinity. AND shortly after QE to infinity is announced, we're told they may withdraw QE sooner than infinity. In fact they may start withdrawing it this year. Tell me Mr. Ed er Dr. Greenspan.....Why would we get all of this contradictory information from your vaunted institution? It's really hard for me not to fight the Fed if I don't have a clue what "the plan" is.

Next on my agenda tonight is Gun Control. I am completely mystified about the plan of the PTB on this hot button issue. I know, I know there is an inconvenient document called the 2nd amendment providing an armed populace that our forefathers set up NOT TO DEFEND THEMSELVES FROM INTRUDERS.....BUT TO DEFEND OURSELVES FROM TYRANNY. They knew that tyranny had to be fought against and our republic defended with an armed populace.........JUST LIKE THOSE SWISS MURDERING HOARDS. I would think that if everything is so peachy in our wonderful country that we can disarm the populace then WHY are your Homeland Security, Social Security, DEA, Internal Revenue, Postal Service, TSA, et al. accumulating 1.7 BILLION rounds of ammunition. 20 times more than we have any other one year period of history to compare. And why are we now bringing drones into every corner of our own country to be used on our own population? I'm sorry but if this is all meant to stabilize a nervous population, its not working. One might think that we are anticipating some type of problem with our citizenry in spite of our "improving economy".

German and European Car manufacturing fell off a cliff last quarter. A big bank failed yesterday in Spain and they are in full depression with 27% unemployment. Its so bad that RTS Payne is coming back to California. Speaking of California just found out they have mis estimated their budget shortfall by 5 BILLION. I do believe we may need some more printing when the Sequestration crisis is "resolved" next month. I wish this were all a joke but its not. And this is all at ZERO% interest rates. Please tell me that you understand this. g.


The World Gold Council (WGC) last week released its full year 2012 report for gold demand. While overall volume was down 4 percent from 2011 at 4,405.5 tons, the total annual value reached an all-time high of $236.4 billion.
The report highlighted the fact that consumer sentiment in India towards gold remained strong despite India’s effort to reduce gold demand. Meanwhile China’s investment demand surged 24 percent in Q4 versus Q3. The WGC forecasts that the demand in China and India will rise over 11 percent in 2013. Central banks’ net gold purchases have reached the highest level in almost 50 years, a jump of 17% or 534.6 tons in their reserves.




107 comments:

  1. Inflation is becoming undeniable. From gas to groceries. This WILL Translate to the miners and metals but I'm just not sure when. I've honestly given up on timing it, I'll let the charts and action tell me. Hard lesson I've hard to learn but I've traded much better since I've accepted that. It's okay to be wrong, just don't stay wrong :) That only applies to foolish traders such as myself however... you cannot go wrong with physical at ANY price...

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    Replies
    1. you're in good company......Droke still recommends staying in cash tonight....but also thinks we may see a relieve rally first of march........

      Delete
  2. James Turk saying bullish divergence with gold reaching new yrly. low last week but silver did not. He says this divergence often marks a "turning point." Realistically, unlimited amts. of derivatives can hold 'em down indefinitely...until!

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  3. Meant to add, Love the picture!

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  4. I'm beginning to think this whole China cyber attack fiasco is a plan by the PTB to regulate, monitor and control the internet more effectively. All of a sudden China's hacking corporations and gov't agencies left and right!? And why have we not heard about this before? There has to be a reason for all this talk at this incredibly critical time. My god, I don't trust a thing anymore...well except my bullion...and my dog. I really hope my fiancé doesn't read this!

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  5. Hello everyone,

    Yours truly is on R&R at a ski resort. Snowed yesterday & today--lots of powder. Skiing last night was terrific.
    The place seems quiet though and I will try to ask around on how good a year they have had so far. The winter has been a pretty good one for skiing so you would think they are having a great season.

    I keep wondering when to add to my RWM position and I am glad I have waited. SVM is on life support, and I expect it will continue to get wacked until silver turns.

    Let's see if they can push gold down to that 1550 level that everyone keeps mentioning. Keeping cash on hand.

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  6. "Inflation is becoming undeniable. From gas to groceries." Oh no it isn't, don't you watch MSM News! All is good and Google is over $ 800 for the first time EVVVVAAA..... "Food and Fuel" is not counted in the core CPI, hehehehe now get with the program or they will re-program you!!

    Are you really mystified on the gun issue? Seems pretty simple to me a "Police State" can not exist with an Armed Populace, plus if you buy up all the ammo there's no manufacturing capacity left for ammo for law abiding citizens, although the type of ammunition being bought by the Fed's is telling.....

    There are no longer any checks and balances, so what your seeing at the State levels is nothing more than a reflection of what is being done and ALLOWED by the dolts in DC, with that being said mix in a large segment of the population that is "IGNORANT and COMPLIANT" along with legalizing all those "Undocumented" and you have a recipe of a disaster. Oh and don't forget the implementation of OBcare, that's gonna piss off a number of folks too.....

    Anyone that follows current events both socially, politically and economically should need not wonder "Why the ramp up"

    Fact: Pissed off and Hungry People are less than civilized........

    Coming to a City near you!

    http://www.governing.com/gov-data/municipal-cities-counties-bankruptcies-and-defaults.html

    http://www.reuters.com/article/2013/02/20/us-usa-detroit-emergency-idUSBRE91I13I20130220

    http://www.zerohedge.com/news/2013-02-19/californias-budget-miracle-mirage-after-all


    re: China been doing this chit for Years, you might be correct in your assumption or is it something else?????

    http://market-ticker.org/akcs-www?post=217684

    http://www.businessweek.com/news/2011-12-22/china-based-hacking-of-760-companies-shows-cyber-cold-war.html


    However regarding the 2nd Amendment there are folks paying attention......


    http://market-ticker.org/akcs-www?post=217696

    http://www.zerohedge.com/news/2013-02-19/just-say-no-seattle-residents-kill-city%E2%80%99s-drone-program

    http://www.kmov.com/news/local/Mo-House-bill-makes-proposing-gun-control-illegal-191847081.html

    http://beforeitsnews.com/gold-and-precious-metals/2013/02/pressure-on-governor-cuomo-grows-as-more-counties-oppose-ny-safe-act-2479368.html


    Happy Reading :)



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  7. Whelp no dark side trade on silver for me... they smashed it so fast at the open I never had a chance. Not worth the risk to short here.

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    Replies
    1. for sure agree on that now.......nibbling on select miners long is the game today.......IF i had cash

      Delete
  8. BEHOLD...the power of the Cartel.......NEVER underestimate their game

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  9. This is the flush in a cyclical bear market withing a larger secular bull..........this is where I wish I had cash in my paper accounts. Let's see how bloody they get. I may actually put some chips in my non SEP accounts

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  10. Fine day to be short of cash........ rat bastards!

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  11. any ideas when the carnage ends for miners? this is so similiar to how the solar stocks got beaten down. I wasnt optimistic yesterday and it's worse today. geez, I hope these miners aren't going down to 2008/09 levels . though, some miners already achieved that.

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    Replies
    1. It ends when they SAY IT ENDS. When they can flush enough shares out of your hands at low enough prices then they'll finish covering as they rip it up....they've been selectively covering for a week now.......

      Delete
    2. "I hope these miners aren't going down to 2008/09 levels"

      Why not? I wish I had another bite at that apple.

      Delete
  12. just relax and watch the show

    http://www.reactiongifs.com/wp-content/uploads/2011/05/tumblr_ljh0puClWT1qfkt17.gif

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  13. every small pop, ala yesterday seems to be followed by a massive drop. wow EGO, SVM, SSRI, PPP, PZG ect... getting taking to the woodshed. the trade seems broken

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  14. ok, hehe, I will relax. just a wee bit frustrating.

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    Replies
    1. its supposed to be... the game is to flush you with naked shorts......its your choice whether you choke and puke.....that's the game though......"blood in the streets".. the only think I am really hoping for is a price collapse in silver this week.....I bet I don't get it

      Delete
  15. http://news.yahoo.com/mccain-defends-immigration-plan-angry-residents-004915369.html?.nx=count%3D5%26sortBy%3DhighestRated%26isNext%3Dtrue%26offset%3D15%26pageNumber%3D3

    Oh look seems there's no joy in mudville for Sen Mc Pimp and what he's peddling, hehehehe check out all the comments removed by administrator.......

    States such as NY that hope to generate much needed revenue via gambling establishments need to take heed...


    http://www.nj.com/news/index.ssf/2013/02/atlantic_citys_revel_casino_to_1.html

    No jobs or half jobs = no fun money!

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  16. Dollar very strong today. Not helping gold.

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  17. Sinclair again on his site today is saying this beat down in gold will be history by his birthday which is March 27th. Hope is right.

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  18. well, one thing that has to happen for a true bottem, is a very meaningful flush. in that sense this isn't unexpected. it actually gives me hope the turn is getting near. best of luck everyone. no more bitching from me. I chose to play the game. so now I wait.

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  19. Eff it, April SLV $28 calls. We're due for some sort of bounce soon. Filled a gap from months ago too.

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    Replies
    1. I'm really tempted to join you.

      But...I'll wait one more day. My gut tells me that the toilet is only halfway flushed.

      Good luck.

      Delete
    2. Very good chance I'm too early so do not blame you. There's not been a real sign that this flush is done.

      Delete
  20. Saw this over at the Market-Ticker though it would be fun to watch while the "Show" was going on....

    http://www.youtube.com/watch?v=WSIUf2hD6Io&feature=player_embedded

    http://urbandictionary.com/#define?term=bugger

    Got to find humor even in the worst of situations :}

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  21. Gold is getting slaughtered today!!!

    Gold
    1,581.30
    -22.90
    -1.43%

    If they take it below 1,550. I'll be zooming over to the Gainesville Gold website.

    Miners are getting ripped apart as well:

    Golden Minerals Company (AUMN)
    2.83 Down 0.20(6.60%) 12:11PM EST - Nasdaq Real Time Price

    Hecla Mining Co. (HL)
    4.91 Down 0.23(4.52%) 12:11PM EST - Nasdaq Real Time Price

    Great Panther Silver Ltd (GPL)
    1.35 Down 0.06(4.17%) 12:13PM EST - Nasdaq Real Time Price

    And this one is really getting trounced (with high volume too):

    North American Palladium Ltd. (PAL)
    1.54 Down 0.12(7.23%) 12:13PM EST - Nasdaq Real Time Price

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  22. as rude said above we have to have the flush to finish off the last of the peeps before a true meaninful turn can be established

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  23. I'll even take another hard down day this week ...might as well make it really bloody

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  24. Kli will you be able to tell when the flush is complete. The Got Gold Report is saying it's time to buy the Jr miners.

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    Replies
    1. If I had cash I would be nibbling right now. That is because I believe they are a long term hold at these levels.....Jr.s are tough because you have to pick the ones that are going to survive....I have a basket fully realizing that some will go to zero like GBG.....others will go up 100 fold from the current levels......so gl......as far as the bottom watch for intra day reversal high volume. Watch for a hard green up day with overall market for equities red....They want to get rid of as many peeps as possible and they want your shares as cheap as possible.

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    2. I've bot physical two out of the last three days so I'll keep my fingers crossed for the big buy

      Delete
  25. 1569, 1516, 1489, levels to watch per santa

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    Replies
    1. I'll wait until the daily stoch and rsi gets around 20 for the S&P500, dump my old small remaining QID position and get some SVM or SSRI with the remaining IRA account. The paper miners can get dragged along for the slaughter in a normal general market decline that could last 6+ weeks. Don't see the markets breaking until something prevents people from resupplying at Walmart or not being able to watch the latest American/Britain Idol episode.

      http://finance.yahoo.com/q/ta?s=^GSPC&t=1y&l=off&z=l&q=c&p=b,m200,m20&a=r14,ss,m26-12-9&c=

      Delete
  26. Don't worry, just buy a shotgun per our Veep! But those are only for the selfish & greedy who want to defend themselves, like his wife Jill...

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  27. You know what, you can't make this stuff up! Fed minutes in only 20 minutes.

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    Replies
    1. Gun control is a divisive issue that will be used to create a "crisis". Is it important to maintain a "well armed" populace? Of course.....but the real issue is to foment unrest and create an atmosphere to implement complete control aka tyrany....whether we give in ore resist the outcome will be dealt with and directed. ONLY if we fall into complete anarchy will high capacity clips become useful......and that is possible.....

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  28. Jim Rogers has been saying for many months that he would not buy gold at the current levels as any asset that has been up for 12 years in a row is due for a strong correction. He also said however that he is not selling gold either and will hope he is smart enough to buy a lot more should it reach his price target. He didn't say what that was specifically but hoped that this beat down would provide that entry point. He is a smart guy with a lot of experience. The fact that he is not selling here says that he still feels gold will be going higher in the future or he would dump his positions. He has many irons in the fire and if there were significant money to be made or lost in his gold position he would act, but he is doing what most of us forget as the third option...nothing. It was only a matter of time before they went after the bullion price the way they have the miners. It is the equivalent of destroying any evidence that the "recovery" could be fiction.

    I have a lot of dry powder left and am glad I didn't think I was smarter than Jim Rogers for a change. However, in the long run, all those who are able to hold their positions will profit, IMHO. When? Well shit, who do you think I am, Jim Rogers?

    Wilks out

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    Replies
    1. part of having "dry powder" left means you are going to use it or lose it......just don't fall in love with dry powder......Rogers is heavily invested in a multitude of commodities and will tell you he does NOT time the market and is the worst trader. When he says he has dry powder he's usually talking 5-10% cash

      Delete
    2. they will debase the currency so a lot of cash investments will continue to devalue heavily over time......the danger is you wake up and have a 40% overnite move down.......its already happening in many countries and did here in 1933

      Delete
    3. I've read his books Kli and agree with you on all points. I just like his world view and recommendation that you invest based on what you truly know about and see happening around you. Sure, he could be wrong and he can also AFFORD to be wrong. I just use him as one of many sources of information for guiding my family through the coming times, the same way I use this blog. Believe me, I am not "in love" nor am I thrilled with the prospect of deciding where to put my dry powder. I am in the same quandary as many who read this blog. Is the U.S. economy really going to fail? Wrapping your brain around that for the average investor is still challenging. Yes, so many facts point directly to that conclusion as you so aptly post daily. I am hard pressed to see any other way out. Unfortunately, I have been fighting the worst clinical depression of my lifetime during this past year and a half and find myself paralyzed much of the time. I am looking at land, rental property, and trying to figure out when to buy gold and silver, but truthfully just getting out of the fucking house is an accomplishment. Lets just say that looking at the big picture doesn't seem to help much. The ongoing chronic back pain and an emergency hemmorhoidectomy in July didn't help much either. I know less about trading than probably anyone one here and should probably just shut up. It is just one way I can force myself to come out of my cave for a bit. Thaks for responding though. I always value your advice.

      Delete
    4. putting money in property has counterparty risks....law suits, taxes, upkeep, maintenance costs..........holding silver rounds is less complicated...doesn't mean its risk free........its best to get out and help other around you and stay active......MUCH RICHER life.........

      Delete
    5. Wilks,

      Hope you don’t mind me chiming on your personal matter but being one that has to deal with the same chit, you need to look at it as a blessing not a curse! It sucks going through it, trust me I know, lost a few years until I learned to deal with it without the booze (they told me life would be better if I put the cork in the bottle! A$$holes they were, the farking wheels fell off on me for the first five years, what a nightmare…. hehehehe) but there’s much worse chit in life you could be dealing with.

      Once I accepted the fact this was my cross to bear, so to speak and survived the worst of it, not understanding it was the worst……… I learned everything I could to manage it and that’s all it is a management issue, same as diabetes. You know the best part of this chit is, it passes, it always does!

      The key is not to let it over power you!!!!!!!

      You need to get proactive and move, get busy doing, and doesn’t matter what, just get going, no matter how hard, move! Make it your job to get out of the house every day and exercise minimum of an hour daily, walk, surf, bicycle, go to the gym whatever you like to do just move and pick up a cause and help someone else, getting out of yourself is liberating.

      Talking helps too, find that someone that can coach you through this chit when you’re too stuck to see, that’s critical…….. Sitting in your cave and trying to wrap your head around the state of world affairs ain’t going to help, tune out for a bit and get yourself right and don’t worry, once your right, it will all still be there………..

      Remember some of the greatest minds in history have dealt with the same chit, so you’re in good company!!!!

      For the record I believe you are not the worst trader here, I am!!!! Hehehehehe

      Fk trading, stacking is much more relaxing………

      Delete
  29. Gold
    1,579.20
    -25.00
    -1.56%


    KLI's 1569 level may be breached this afternoon.

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    Replies
    1. I hope so....doesn't make it over though

      Delete
    2. It's been testing 1569 for about 5 minutes now:

      Gold
      1,569.50
      -34.70
      -2.16%

      Delete
    3. I said they would bring it down hard and fast and would be short lived......this could be it which means I'll wait on another phys buy for now

      Delete
  30. try this girls
    http://www.ibtimes.com/colorado-college-advises-vomiting-or-urinating-stop-rapists-after-lawmakers-pass-gun-control-bills

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  31. Well, let's see if this starts the correction.
    "Financial Sense" over the weekend stated that if the Feds made a statement about altering QE, that could be the start of a correction.

    http://finance.yahoo.com/news/fed-may-taper-halt-qe3-191209412.html

    So far, the market hasn't really changed much since their statement.

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  32. http://www.roadtoroota.com/public/261.cfm

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  33. KLI: Did you see this little gem today?

    Wall Street Declines After Fed Minutes

    U.S. stocks fell on Wednesday after minutes from the U.S. Federal Reserve suggested the central bank may have to slow or stop buying assets before seeing a pickup in hiring.

    __________________________________________________________________________________________________
    Can someone please explain Ben Bernanke to me? Is he finally realizing that QE is a failure and doing more harm than good? Just a few months ago, he was proudly trumpeting QE Infinity.

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    Replies
    1. no he is jawboning......this is all about extending and pretending.........he will print until he is forced to stop due to exploding stagflation prices of essentials and we are not there yet

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    2. just like when he said no QE 3 several times.....he has to print

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    3. he's just taking some air out of the market and putting some fear into the bond/dollar trade

      Delete
    4. Sadly for him currently it's not working. The ten year is barely budging.

      Delete
  34. Sister - Pelosi said we have to pass ir before you know what is in it. Well, OBCare prohibits the govt from collcting info on ammo/guns bought by individuals. Seriously - Google it. Kinda puts a wrinke in Obama's intent to issue an executive order on this.

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  35. now we're getting a head of steam up 1561

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  36. I declare this an official "flush"........hehehehheeh.....sorry could still get worse

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  37. 1569 blasted.

    What's the next resistance?

    Gold
    1,558.70
    -45.50
    -2.84%

    What a beat down.

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  38. I see a rebound in the next day or two, but may possibly be a fakeout for one last flush to $1,500...or maybe just below so they could wreck all technicals. Then we may have a rally as they cover when traders are running to the door. I still have some dry powder in case we get there, slowly accumulating physical here. Also hedging by shorting the S&P that way when they come out every week and lie to us about stopping QE, the market crash will make up for my PM losses. These guys are good, wow!

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  39. http://www.zerohedge.com/contributed/2013-02-20/spain-just-issued-warning-system-blowing-again

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  40. Ughhhh... those APA puts I sold near the close yesterday are a double today! Bastards!

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    Replies
    1. Like you said they are GOOD. They swung it all over the place to make bulls and bears antsy then rammed it up with the market at the close yesterday. Wound up with a 10% profit which is nothing to sneeze at but 100% would've been nicer to say the least ;)

      Delete
  41. Joe is hot on MUX ... His posts can be found by google SI message boards and click on Gold/energy section and look down the column for MUX... he goes by john ryback

    http://news.goldseek.com/GoldSeek/1361308692.php

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    Replies
    1. I did a little digging on MUX since you mentioned it the other day. Also randomly saw it mentioned in some comments in another blog I frequent out of the blue. Need to dig more but so far it sounds promising, I'm still blown away by the deals in the mining space right now especially SVM, the divvy is almost 3% now i think?

      Delete
    2. Stewart Thomson artical very comforting :)

      Delete
  42. Obamacare prohibits Govt (Barry via executive order) from collecting gun/ammo info:
    http://www.forbes.com/sites/rickungar/2013/01/10/gun-advocates-celebrate-secret-obamacare-provision-forbidding-exec-order-to-regulate-guns-and-ammo/2/

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  43. THE bottom???

    http://www.brotherjohnf.com/archives/133064

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  44. My Dear Friends,

    I swear those that have caused the wreckage of all things once held dear to us shall not have my gold or gold share position. Fear is no part of me, and I will face the enemy, confident in our success.

    Respectfully,
    Jim

    ReplyDelete
  45. Tom- Been reading Stewart Thomson for a few yrs. I swear every time he has an article on goldseek, gold goes down! And for Tom & Wilks, I have been reading and recommend books by Tibetan monks whom I find remarkably calm and helpful, the latest being The Joy of Living by Yongey Mingyur Rinpoche...also cannot stand the early dark nights and find if I can bundle up and spend even 20-30 minutes walking outdoors it helps. My best to both of you...sending all good thoughts. As for the PMs, many I am reading say long gold/short silver & watching 1524-27 and 26.10-26.15 (Yikes!). And yes, Kli I hate these manufactured issues to divide us all...

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    Replies
    1. Well Sis that's not comforting now that I just got comfy...... hehehehe

      Books, I've read more on the subject than I care to mention, I look at it this way...... It's kinda like the weather, some days are sunny, some days are cloudy, some days are just down right miserable but the good part is the day always comes to an end and if I'm lucky and get a tomorrow, there's a fifty fifty chance it might be sunny again and of course I always remember "This to Shall Pass"....

      Figured I throw it out there as I hate to see folks suffer needlessly!

      Besides considering the mental stability of the folks that occupy DC specially the VP..... I'm sane!!!!!!!

      Delete
  46. I might chime in and also suggest - Happiness: A Guide to Developing Life's Most Important Skill by Matthieu Ricard.

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  47. On these kinds of day which I have seen many of and more than I can count over the decades, I just want to sum up the entire thought process of the Cartel towards the market of PM traders just as succinctly as possible.........one single word will suffice.....BOOO!

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  48. I couldn't stay in lurk mode for long. The recent action in miners & PMs is nonsensical, to say the least. The Central Banks are printing money, while hoarding gold, and gold continues to go down? WTF is going on here? Are we wrong about gold? By any measure or metric, the answer is no, so I don't know what to say.

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    Replies
    1. Simply put Bud, its the game. Your fundamental perspective on CB printing and fiat ponzi is only known to millions of investors....many of them are on the same side of the paper trade.....they are known as weak hands...and being shaken out of the trade as the naked shorts/CBmanipulators push them over the side. Its like going to a poker game and walking around the table and looking at all of your opponents hands before you bet. Its rather hard to lose. Staying out of the paper game is smart if you don't have to play or don't know what you're up against. You probably believe that the game is a little rigged but not COMPLETELY rigged....hehehhehehe....Don't worry Bud.....it always has been rigged.....its just that its become more obvious to the internet world........out of necessity now. You have no gold bullion BTW.

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    2. and while i am at it a confession on my part is in order and that is I could not imagine the outright, blatant manipulation involved in EVERY aspect of our lives now. Make NO mistake this is all micromanaged down to what movies are being made for mass distribution. Your though processes are scripted to the even the smallest details...i am in awe.

      Delete
    3. Shock and Awe (technically known as rapid dominance) will "impose this overwhelming level of Shock and Awe against an adversary on an immediate or sufficiently timely basis to paralyze its will to carry on . . . [to] seize control of the environment and paralyze or so overload an adversary's perceptions and understanding of events that the enemy would be incapable of resistance at the tactical and strategic levels." Harlan K. Ullman and James P. Wade

      Applies to economic and political control over trade and the overall populous not just underarmed indigenous groups in third world countries.
      ---
      Hence to fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting.

      Here again, no modern strategist but will approve the words of the old Chinese general. Moltke's greatest triumph, the capitulation of the huge French army at Sedan, was won practically without bloodshed.

      Thus the highest form of generalship is to balk the enemy's plans; ....

      if quite unequal in every way, we can flee from him. ....

      Indirect tactics, efficiently applied, are inexhaustible as Heaven and Earth, unending as the flow of rivers and streams; like the sun and moon, they end but to begin anew; like the four seasons, they pass away to return once more.
      - Sun Tzu

      Basically only way you will make it out whole against the constant assault from the superior forces under minions of the PTB is not too play their game by indirect means (asymmetric). Flee their indoctrination media by not consuming cable tv, select what you watch it costs less in the long run, read every "propaganda" news article with a grain of suspicion especially if there is no anonymous comment section, don't support or participate in their major political parties or agendas, make purchases for yourself based on your own thoughts and not to copy a fad or trend includes vacations down to tattoos, don't get caught up in their fad trades or stay too long on their blacklist trade targets (this means less emotion and trading only when you see blood on the streets with regards to paper), preparation for survival should be done to meet your own personal needs and independently of opinions from the media or those around.

      The war is being fought for control of ideas and beliefs, those who control the State and the individuals which comprise the the State. That's why life impacting events like QE to inifinty, BP, Fukushima, Banda Aceh, and the recent meteorite impact or quickly downplayed to make room for dressing with the royals or domestic abuse in South Africa with Justin Bieber and Taylor Swift bringing up the latest spoiled brat antics.

      Delete
    4. From: http://beforeitsnews.com/economy/2013/02/prepared-or-not-it-is-coming-2491392.html


      "So concerned am I about the impending collapse and the turmoil and trouble that will follow it, that I feel a Don Quixote desire to spread this warning and spare as many as I can from the heartache that will follow. To be truthful, however, I feel as John The Baptist, shouting in the wilderness "Make straight the way of the Lord".

      Too many will not look at events and facts and take the time to dispassionately evaluate them, preferring instead to fall back on predetermined conditioning as to the accepted order of things and what they have been told to believe. Do you remember the 60's [I do], the wave of political unrest and questioning and protesting? There were debates on TV [when is the last time you saw a proper debate like they used to air?], protesters were given air time and the Vietnam war was stopped by political protest.

      The powers in authority learnt from that, they learnt very quickly and now through the school system [which has been totally corrupted by authoritarian views] to our controlled news media, people are lazy and contented; preferring to take the easy way and accept what they are told. Now, people are conditioned."

      Delete
  49. Hello all, Today was a beat up bloody day for sure. I think it stems from the currency wars that are heating up across the globe. Nothing more. The Feds know that gold will be much higher eight months from now and they want the price rise to commence from a lower level so not to lose control of the game. Hold on it's going to be a very bumpy ride.
    Matt

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  50. Thanks to Tom, Sister, Hubz, and Kli. Trying to do all of the above. Tom, I too had to put the cork in the bottle. Been sober 14 years now. I've bought dinner or coffee for more drunks, convicts, and homeless guys than I can count while listening to their woes. The advice you have given me is exactly what I have told them many times. I will double my efforts. I know I cannot think my way out of this, I must act. I am certainly more fortunate than many. That is why this last bout has been such a bitch because it seems to be resistant to most of the things that have worked in the past. I have not picked up a drink though and do not intend to. My neighbor just lost his job. He loves music so I upgraded my stereo system and sold him mine for a song (he still has his pride). He didn't have one at all. I brought it over and set it up. You should have seen his face when he heard "Cinderella" through it with his 3 year old daughter. Thanks for the reminding me of what really matters. Peace be with you all.

    Wilks

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    Replies
    1. You're welcome wilks ..this is the main reason the blog is kept open so those of us that have seen this develop over the years have a common place to meet and vent

      Delete
    2. Playing this market since the crash has been extremely difficult if you tried to be rational about things. Truly I think I trade not really so much for the money (though it's nice to get a double bagger haha) but for the discipline it entails. You have to face your very own nature at its worse and stare it down and if you flinch it makes you pay dearly. Fear and Greed... man you may think you have control of them until you play this game. Just like yesterday got scared out of my APA puts, today got greedy and probably bought SLV calls too early instead of waiting for the charts to give me the all clear. I'm still making mistakes constantly :) But I'm trying to improve... I love this challenge I really do. Fear, Pride, and Greed are the most worthless emotions and so difficult to overcome.

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    3. Wilks,

      Done the coffee routine as well for many years…… going to be twenty years for me this coming May. I’m not as active in the double A as much anymore but I do hit some opens from time to time just to remember what it was like in the beginning. Chit in the beginning, I didn’t think I would last twenty days, never mind twenty years, hehehehe…….

      Don’t know if your active or not but if not maybe you should hit some opens having fourteen years is impressive, speak and share and who knows maybe you’ll find a newbie to square up, might just be the ticket for you so long as you don’t become a sponge and soak up their stuff and if you don’t at least your out of the cave!

      Lastly you said “That is why this last bout has been such a bitch because it seems to be resistant to most of the things that have worked in the past.” Just need to mix it up some, if you have had success in the past you will again but I’m going to guess you’re thinking too much, start your day with some positive stuff and get out of your head, out of the cave and get busy living, always here if you need an ear…. GL

      Sis,

      Thanks for the book recommendation grabbed it last night on the kindle good stuff so far! I have one for you, don’t know if you into the mp3 player business but if so down load some Kitaro for your walks or run it in the background on your new PC from youtube while trading hehehehe. When I need to tune out, I tune in to him….

      http://www.youtube.com/watch?v=YO82u7CKj1k


      from: Rick Ackermans Site:

      http://www.rickackerman.com/2013/02/time-for-katie-to-bar-the-door-in-gold/

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  51. Basically, we are F'd. And not in a good way. Cheers.

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  52. Here are the numbers as per Phil Davis on the correction.

    Dow: 13,800 (weak retrace) 13,600 (strong retrace)

    S&P: 1496 (weak retrace) 1472 (strong retrace)

    He remains bullish after the retrace

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  53. Something is wrong with my screen. It is showing gold is green!!!!!!!!!!!! hehehehehehee. Quick take a picture. Good luck guys.

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    Replies
    1. Hahaha! Stop toying with my emotions ;)

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    2. Ryan, check out the huge gold spike at around 4AM on this chart:

      4 AM Gold Spike

      Did KLI wake up early this morning?


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    3. Jay,

      Someone is in the know. Every time I buy something at 4am, it never works out!!! hehehehee

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  54. Re: Rick Ackerman, not sure how accurate he is, but futures breached his 1569.9 Hidden Pivot (to 1558) and he has gdxj going all the way to 13.15, another big drop. Thanks, Tom. Will try that. GL everyone. This is one wild ride...

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    Replies
    1. he can shove his hidden pivot points up his zzz

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  55. "I am completely mystified about the plan of the PTB on this hot button issue"

    Let's play connect the dot's for a few days while we watch the game play out.....

    http://www.examiner.com/article/company-selling-targets-with-images-of-americans-to-dhs-for-firearms-training

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  56. Looks like the snow today is helping a lot of drought ridden areas of the country. Nice to see. Farmers are the backbone of America.

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  57. Glad to see a few friends on Dr. Bob and Bill on this board. Going on 14 years myself. If you would have told me then that I would not have a drink for 14 years, I would have laughed! If funny that we seem to find our fellow brethren in the most unlikely of places. Keep it Simple! Buy PMs!

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  58. afternoon guys and girls....didn't get to watch the tape today but did check PAAS just now outside reversal day with big buys at close will have a new post tonight

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  59. Why do I get the sick feeling metals are going to go down tomorrow?

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  60. Hubz - take some pills for that feeling. hhehe

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