Wednesday, February 27, 2013

QE TIL HELL FREEZES OVER

YOU KNOW NOTHING PUNKS
I want NONE of you to misunderstand me in my testimony, you will have to pry this printer from my cold, dead hand before I stop printing. Let me explain something to your committee....I send out some of my minions that feel endless counterfeiting of the currency is irrational to control equity prices and drive down the gold trade, but there is not even a snowballs chance in Hell that I am going to even remotely stop printing dollars. You people don't get it do you. We dropped off a cliff in 2008 and when I say we, I am referring to the entire developed world. You think I have printed a few Trillion dollars.........well I've printed TENS OF TRILLIONS you morons. That's what had to be done or you punks would all be hanging from ropes on billboards adorning the D.C. freeways. If Krugman knew how much I've printed, that little pretender would crawl back into his hole and cry for mommy. You want the truth Mr. Corker....well you can't handle the truth you little slimy used car salesman. I was cutting my teeth on Quantum Economics while you were dealing list price Buicks to little old ladies in Chattanooga so don't you EVER try and upstage me again. I'll knock your teeth so far back in your head that your dentist will have to take them out of your hair.

I apologize if you think there is some type of democracy in the Fed. That speaks very poorly for my effort at transparency. So let me lay this out straight for all of you prostitutes on the committee today. I run the Fed and the rest of the Govenors do EXACTLY what they are told. That sniveling little punk Paul is gone now and I don't want any of you weasels to think I will EVER tolerate any more like him.

Okay...here is the agenda. We're going to print and print and print. We have no choice. This is how you get your salary and your bribes. This is how we pay for 800 military bases in 150 countries. This is how we afford this bloated, lousy health care system that doesn't provide healthcare. That's how every single retiree still has a pension. We're going to print and dominate the world as long as we can run this out. Mathematically if we stop the entire illusion that we are the most prosperous country in the World dies immediately. 

Thank you for allowing me to appear before you today and any further inquiries can be in a written form and shoved up your......er sent to my office.

One more thing ...those punks on Kliguy38 need to grow up and start investing in general equities....ben




117 comments:

  1. Lol, Kli, Some of your best work eva!

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  2. Hell, Switzerland Weather
    34°F
    Light Rain
    Feels like31°

    May freeze over tonite!!!

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  3. Bastids took out the vix too as usual. Hey tis everyday we suffer sequestration..a lot like castration if you loose 20% of yer income! Tis bullish indeed. If the Bernanke is on the hill the market is green. Personally I do not care I get my fix at a discount. 'cept my coors light is watered down and that is a problem. Best to you all!

    Sheeps.

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  4. Nice Kli....Short and exactly to the reality of the grand illusion being played out before us.

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  5. Excellent job! I enjoyed it. "...grow up and start investng in equities..." Maybe Ben should have said "drink some Kool aid and keep quiet".

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  6. Agree with Sean and everyone...truer words were never writ! The message is, invest in Dow/S&P equities or else!!! At least he seems to have quit shaking in his shirt.

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  7. What do you think of Jim Willie's latest? He had advised selling of mining stocks due to (among other things): big hedge funds short miners, GDX shorts them, Canaccord naked shorts them, rising costs and dilution of shares. All of this will lead to gov'ts. taking them over. Would appreciate comments since today was another ugly one.

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    Replies
    1. Sorry sista but I will stay in the trade due to the accounts I have. I certainly agree this is a major possibility.

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    2. I don't think this could happen due to the fact that miners will just shutdown production causing the supply to dry up which would force the price to something reasonable but maybe I'm being too simplistic.

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  8. http://www.zerohedge.com/news/2013-02-27/wal-mart-situation-getting-worse-new-leaks-reveal

    reports in other fields including health care of inability to get many common medications now.....backordered by MANY MONTHS

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  9. Hehehehehe....

    Your commentary today reminds me of when my Dad used to get on me for my youthful indiscretions of which were many, he always finished his conversation which generally outlined whatever purgatory I was about to endure, with the following;

    "Well that about sums it up in a nutshell, Ace"

    Well I suppose today’s commentary does just that!

    Nice Work, glad we can still find some humor in all this chit!!!!

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  10. Just a microcosm on the tone going on in NY due to the NY SAFE ACT.......

    http://menrec.com/upstate-democrat-to-gun-supporters-youre-all-a-bunch-of-gun-toting-tea-party-psychotards/


    Oh and from the "We Have to Pass the Bill So That You Can Find Out What Is In It" file.....


    http://newyork.cbslocal.com/2013/02/27/cuomo-announces-plans-to-modify-gun-control-law-to-exempt-film-industry-cops/

    "The measure passed so quickly that as it reads now, police officers carrying high-capacity magazines could be in violation of the law, Diamond reported". The need for a “clean-up” bill means the fight over the law may not be over after all".

    Can't forget about HollyWood....

    “The law toughened restrictions on military-style rifles and high-capacity semiautomatic handguns, but those restrictions will be changed so those types of weapons can be used on the sets of television shows and movies being shot in New York". “We spend a lot of money in the state bringing movie production here, post production here. So obviously we would want to facilitate that,”

    Cuomo said the prop firearms used in films would probably not be classified as an assault weapon.

    “But people want certainty and there’s no reason not to make a change like that,” the governor added. “Apparently, they have blanks or they have phony magazines or something.”

    Boy Genius.....

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  11. looks like tomorrow is the D-day for PMs......gl

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  12. Stop shopping in the market. Chop chop chop ;)

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  13. Since I asked about the Jim Willie article, here is another explanation (same scenario) with a different conclusion: http://news.goldseek.com/GoldSeek/1362061352.php Interesting that GS picks 2018 for $1200 gold since Jim Rogers says commodity bulls last 18 yrs. Also, $1200 is meaningless unless we know what the $ and other currencies are trading at. GLTA...trying to sort this all out.

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  14. I encourage everyone to watch the bernanke video above....one of brother johns best ever .....the mid portion is hilarious

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  15. Tom,

    A gun rally was organized here in WNY that was sent to Albany today. The sponsers were hoping that they could fill one bus. Turns out the response was so great, they filled 8 buses.

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    Replies
    1. if you take all the hunters in Ohio, MN, WI and MI together they would be 8th largest army in the world....

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    2. it should be obvious to those that follow this financial collapse the intent of gun control (as "well intended") is a very coordinated attempt to begin the "PROCESS" of gun confiscation as part of "control"....Obviously a well armed public poses some risk for the global governance. Peeps that lose hope as Celente says...."lose it". I predict they will have to go to "executive order" and/or a myriad of other methods to accomplish their intent.

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    3. BTW Thanks for the paper price beatdown masters

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    4. Doc,

      Yup been following events @ NYFirearms.com..... Nice to see but Kli is correct and go look up how much Emperor Doomberg through dpwn for JJ Jr.s seat they are stacking the deck no holds barred......

      Kli,

      After watching BJ, backgroung laughter was great makes todays commentary all the better! There is no inflation, yeah........

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    5. I thought that it was genuinely funny! It was like watching a great comedy act. Too bad its true

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    6. Well you know the old saying there is always an element of truth to all good Comedy and Satire.......... hehehehe what a dipchit!

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  16. Billionaires selling stocks:

    http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola

    What do they know that you don't?

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  17. Nancy this is the Rick Rule interview on KWN

    http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/2/28_Rick_Rule_files/Rick%20Rule%202%3A28%3A2013.mp3

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  18. things that make you go hmmmmmmmmmm

    http://www.zerohedge.com/news/2013-02-28/silver-demand-surges-record-february#comment-3286550

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  19. Ugh wasn't able to keep an eye on my puts very well today and they're getting ripped. This sucks. New all time highs and another bear trap it seems. I have til April so breaking my rules and not ready to give in yet. This is just too much too fast without a pullback.

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    Replies
    1. I don't think they get those final dow 40 pts......its just too easy......its just too tempting for the dumb money.....but that's why I have not shorted this pig much over the past 2 years.

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  20. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/28_Western_Worlds_Perpetual_Motion_Ponzi_Scheme_To_Collapse.html

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  21. KLI: Legendary post. Had me grinning from start to finish.

    Hubz: If you've got puts on equities, you may as well just take your cash to Vegas. Even with the sequester noise, Emperor Ben will not let this thing fall. If anything, he'll double down on the printing. We should find out where the treasury buys it's ink. Might be a great long opportunity. :)

    Gold longs: Another day, another slaughter:
    Gold
    1,576.40
    -19.30
    -1.21%

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  22. GPL getting PULVERIZED.....hehehhe...these dirty baastids are just pounding the weak hands......

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    Replies
    1. Great Panther Silver Ltd (GPL)
      -NYSE MKT

      1.18 Down 0.12(9.23%) 2:48PM EST - Nasdaq Real Time Price


      On high volume too. Someone didn't like the earnings call.

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    2. Dude they've been flushing this one for a good 6 months..........

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  23. I knew I smelled bullchit ;) Die market die!

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    Replies
    1. they may levitate it here or at least close it green before the Jobs report in AM......should be wild.....they are not going to make it easy for anyone

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    2. Closing under 1520 today would be sweeeeeet!

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    3. looks like they parked it there for ya

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    4. distribution pure and simple

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    5. Hahahah whoaaaa somebody wants out before tomorrow :)

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    6. sure does look that way....couldn't even paint a green close

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    7. No lie my puts ended up 7% on the day but still down 25% overall. Bizarre but makes me feel very good!

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    8. http://www.brotherjohnf.com/archives/136417

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  24. http://blogdogcicle.blogspot.com/2013/02/alex-jones-show-thursday-2-28-13-ted.html

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  25. Pretty sure tomorrow will be a big day. If an agreemnt is reached overnight then Kabang! No deal then kaboom....resulting in a Black Monday. Too much water in the pool....Too many fish to fry. Any dollar in the market is not yours... it is in your account till someone finds a way to try and get it. The Bernanke had the look of defiance and defeat or just bad case of gas. How does he really feel about letting China slurp up all the physical at bargain fire sale prices? Prolly not too good.
    This charade as good as it is will have limits. Everything has limits.

    --Sheeps.

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  26. Yes, big down day. Thanks for the Rick Rule interview...gpl and others hammered today. ANV has been taken to the woodshed even after record revenues and they are actually producing. I guess the slaughter cntinues for the start of the Ides of March tomorrow, lol. Beware. Just having trouble finding the best of the best as Rick advocates. Look what they've done to svm which is actually paying a divi.

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  27. Let's face facts guys and gals we're goin' into true depression. Right now its a soft depression in the US because we have the reserve currency.....but that's about to be taken apart. Once they take out the dollar then all hell breaks loose. PMs will be your only monetary refuge. True depression has never been experienced by any and I am dreading its arrival......take care and enjoy the remaining pretend time. Don't worry about your PMs. gl

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  28. people... please move your seat in the up right position...make sure your seat belt is buckled

    where we go ...no man has gone..

    or.....please place your bets....the dice is about to be thrown

    I am happy with my bets.....let the dice role
    paladin

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  29. Often there is a lag in market response...especially on bad news. Chance of the sequestor and a flat market too. look out Monday.

    The question can the FED stem the tide.

    Certainly there are those who seek to outright blow up the market. Next few days will be critical.

    Good luck all.

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  30. Fwiw as always--itms calling for gold/silver to continue down all year, then buy of a lifetime. Maybe they take gs seriously.

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  31. thanx all for contributing to YOUR blog. Since I returned after closing the blog a year ago we have gradually crept back to virtually the same readership. I wish more commented. ESPECIALLY the hundreds of readers from overseas. We have an average of 80 countries weekly reading. Probably some are "monitors" but many are reading your comments too. I have never made income from this blog in any form and will keep it open until the PTB close it down.......and they will. gl all here are the top ten countries today
    Russia
    125
    Canada
    104
    United Kingdom
    104
    Germany
    54
    Italy
    35
    Mexico
    30
    France
    22
    Turkey
    17
    Sweden
    16

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  32. Such a confluence of data and technicals....freakin crazy.

    A 2x top break out would be pretty nice except we are in a depression.

    All of the anecdotal evidence that I see say easy money sells cars and moves some houses...BUT not in an organic way. Anybody with a pulse can lease a nice car...so what.

    Houses..well there is a warm spot there but hard to quantify because this market is not free.

    Buisness wise...only the necessities nothing more.

    Some how folks keep spending..I do not get it.

    out.

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  33. Wow, Kli I had no idea. Just released ssri financials, they look good so I guess it'll be destroyed tomorrow: http://finance.yahoo.com/news/silver-standard-reports-fourth-quarter-020200468.html?desktop_view_default=true

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  34. Hope they're not following my trades or they'll be pretty upset with me haha! Or maybe they're doing the opposite and raking it in :) I'm starting to study binary options... interesting stuff.

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  35. Oh look reality is starting to get reported.........

    From KD:

    http://market-ticker.org/akcs-www?post=218171

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    Replies
    1. PCE personal consumption was up 0.2% ONLY because of higher gas costs. People this is real........look at Great Britains numbers today .....they are falling into depression....Greece,Spain, and Ireland already IN Depression. GB, Portugal, and Italy nearing depression France starting its descent.... And we are in Recession....er Faux recovery.

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    2. Dont forget our Kibbles and Bits are going up just as fast and they are giving it to us more often than not in smaller packages or shorting the recipes!

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  36. Phil Davis continues to write that any selloff in the markets will be short lived, due to constant printing of new money by the Feds. This new money quickly enters the system to stablize and then move the markets higher.

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  37. No Fed open market sells again..3 months in a row...their balance sheet grows...throwing everything against the equity market....
    http://www.newyorkfed.org/markets/tot_operation_schedule.html

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  38. ANX in play..news out...
    liking it above the 360sma
    http://s14.postimage.org/w45j84201/Anx_3_1_13.jpg

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  39. http://stockcharts.com/h-sc/ui?s=PZG&p=D&yr=0&mn=10&dy=0&id=p01654849102&a=261926769&listNum=1

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  40. Still think mid March is lift off confluence remains

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  41. Jay you ever mess with binary options? I opened a test account at Nadex late yesterday to try it out for a week or two and see how I do with $25k haha. Despite the true or false nature I think these may be way better odds than the traditional options market and the time frames are so short it's hard to manipulate. Of course you bet MUCH smaller due to that nature, but hell if you can identify a trend I bet you can win a lot more than you lose.

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  42. look at GMXR today...rumors of buyout...

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  43. AUMN trying to paint a weekly Hammer

    http://stockcharts.com/h-sc/ui?s=AUMN&p=W&yr=3&mn=7&dy=0&id=p01188177196&a=268723858&listNum=1

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  44. As predicted, ssri down over 4% with good numbers. Every miner I watch has a negative rating by Thomson/Reuters.

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    Replies
    1. its enough to make a sane man puke up their shares.......BAAAAAAAAAAAAARFF

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  45. The Emperor's Plan.......

    http://www.breitbart.com/Big-Government/2013/02/28/Mayor-Bloomberg-s-Anti-Gun-Rights-Super-PAC-Eager-For-2014-Races

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  46. wish I would have puked up my SSRI shares awhile ago. brutal trade. the miners have cratered just as solar did last year. what worries me is many miners could have a ways to go . eek. SSRI close to its 2008 low. ugly chart

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  47. i am hoping for the double bottem scenerio in SSRI. time will tell. best of luck everyone

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    Replies
    1. I hope ya get it rude.......I don't have ANY money allocated to miners that trade is all in for me.....but I do have fiat held back for physical and hope they crash it

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  48. Hesitate to post this, but so far silver is holding up today...if this post brings it down, I apologize!

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  49. Hahaha whew this was a close one for my first binary trade. It was a demo trade anyway so no real money earned. -

    Settlement Details:
    Contract: Silver (May) >2850 (1:25PM)
    Quantity: -10
    Expiration Value: 2848.03
    Payout Amount: $1000

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    Replies
    1. Hubz,

      You must have nerves of steel!

      Hehehehe

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    2. The more I'm playing with this the more I'm loving it and blown away... I can make bets where my max loss is $70 and my Max winnings are $1000! Nuts!

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  50. Ohoooooooo Wilber....... Nayyyy it ain't so!

    http://bbc.co.uk/news/uk-21631961


    Guess you cant even trust what their putting in the over priced kibble nowaday's!

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  51. Looks like they are pinning SPY. Weekly options are the worst thing that ever happened to this market ugh.

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    Replies
    1. Hubz. I'm going to open a NADEX account.

      Looks like it's great for leveraging. And/or hedging.

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    2. Jay if you hit a late day selloff or run up at the right time with these binaries you can kill it! And with very little cash risk. I'm going to have to study up on pivots etc. to increase my odds.

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    3. your main risk is your account liquidity if the system takes a nosedive......otherwise if the casino stays open you know the risk......just remember MF

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    4. You're no fun Kli ;) And you're absolutely right heh :)

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    5. Just don't pile too much fiat in the account. when they pull the rug out it will be brutal........

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    6. KLI: So these NADEX guys could go belly up overnight and my cash would go poof??

      If that's the case, I'll just stick with Scottrade.

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    7. yes......and when the chit REALLY hits the fan.......My Scottrade and Schwab will also be vulnerable.....all paper assets at risk.....

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    8. Yep always counterparty risk. Just as long as you realize that and are willing to take risks :)

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    9. EXACTLY....you know it an i know it but there are plenty that don't get it yet and that's why periodically I remind those in this paper market that hells comin' and its NOT going to take prisoners

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    10. By the time the sheep get Notice their trading account is Son of MF Global (locked up), the GS/JPM accounts would be made whole plus some, transferred offshore, and closed out. Order of Risk: Exotic Derivative Accounts, Standard Derivative Accounts, ETFs, Futures Accounts, Money Market Funds, Bond Funds, Stock Funds, Brokerage Account, Pension Fund, and Bank Account. With the printing presses going full steam, 10 year yield has been managed below 2%. Only thing that will take this market down is a flash crash from left field, and/or a flash in the sky. It has been rather disappointing the beatdown in physical is taking sooo long. I want to get another 30 pieces of silver.

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    11. I thought this might bring you out.........do you think you could add anymore accounts??? 30 pieces?? you really are pushing it tonight.....so since you brought it up.....whodoya think got Ratz.......hehehhehehehe........bet they get more than 30

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    12. I was having this same conversation with a good friend last night about the possibility and eventuality of having ones fiat vaporized in brokerage accounts if chit went awry, he’s a smart guy and had zero idea that could happen, after all it is insured by the FDIC….. Seriously, that was his answer.... lol I tried but after being called paranoid I told him go long Priceline and everything will be fine……. Sometimes it’s just not worth it……..

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  52. I say they drop 'er...kinda hard. Weekend news will be shitty for the politicians.

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  53. come on 1492 long the vix. may buy some miners at the close.

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  54. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/1_Jim_Sinclair_-_We_Are_Witnessing_A_Historic_Low_In_Gold.html

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  55. KWN excerpt with Jim Sinclair and I truly believe this..

    Sinclair: “Let’s go back to the break from $887.50 (in 1980). One day $100 (down), the next day $150 (down). Two days $250 (down) against a market that wasn’t (even) at $1,000. Over 25% change in two days.





    Now, at the present people are moaning and groaning about gold, but I think it’s a hair over 10% change. When gold goes into the $4,000 to $5,000 range, which I’m absolutely sure it will, be prepared for something very, very few people will be able to stand.





    You will be wiping out the bulls and the bears, I’m going to guess, three times. If this has been hard for a gold person to withstand, then they don’t have a chance when gold is trading between $4,000 and $5,000. And that will happen. There are generations between now and the last time there was a bull market in gold or gold shares. There is no knowledge of what the real feel is out there.





    But this is what you’ve got to remember: When I said, ‘QE to infinity’ a long time before anybody else got that idea into their mind, I did it because there was only one tool in any central banks’ tool box that could create infinite amounts of money in a computer instant. And that would logically indicate that if what I expected to happen happened, then QE would be used, and ‘to infinity’ means until it no longer functions.





    Infinity is only one control of QE and that’s the dollar in US activity. So as long as the dollar, because of currency wars, can remain even as a mirror image, looking not so bad, QE can continue to any amount.”





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  56. Just to clarify, is he saying they'll take it down to $1200, then up to $2000 (or so), then down, then up to $4000 then down to $2000 again. Roughly, that is. Then to da moon, Alice? I actually did not know his credentials altho have been reading him for yrs. He knows whereof he speaks.

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    Replies
    1. Jim Sinclair is the son of Bert Seligman (partner of Jesse Livermore) Bert taught His son Jim sinclair to trade ...Jim was a major trader on Wall Street....he knows the entire ponzi and knows the day of reckoning is coming for this current supercycle......he knows. He knows the PM trade inside and out....and he knows its manipulatd and HOW its manipulated.....that doesn't mean he can time the prices or even pick the prices perfectly but he's been very very good and he knows the game better than anyone alive

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  57. sister.....I posted on the blog some time ago.

    Kil's post...Thursday, January 3, 2013
    WHAAAACK!

    http://kliguy38depression2news.blogspot.com/2013/01/whaaaack.html#comment-form

    about half way down I posted.....look what I found in my hard drive....in two parts..

    Jim Sinclair start

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  58. Thanks guys. Yes, I was amazed by all of that. I had No idea who he really is prior to your posting all this. But I guess my question is he giving real numbers or just saying that the volatility will be more than most can bear. And therefore they won't trade it...I am just an idiot holding, lol. But I will definitely read Our Crowd now...I just knew that he had major interests in African mines.

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  59. OR, is he saying when gold goes to $4,000 get the heck out and fast??? Sorry, after all of these years, still have trouble interpreting the trader speak. You have shown enormous patience with me for nigh unto 5(!) years Kli. Joe gave up I believe but he taught me much, esp. about econ. Believe it or not, I worked right next dr. to the BOT and Options Exchange in Chicago for years...sure wish I had had a job there instead of the bank which went belly up bigtime (Continental Illinois). I used to love to go to the trading floor, of course back then there were no women and possibly not now as well. Ahhh, we all have stories to tell.

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  60. Sister,

    I believe he is telling us not to become frightened by the volatility in gold prices. So, if you own physical gold, don't let a rapidly changing price scare you into selling (or buying more). Sell or buy when you feel it is right for you.

    In 1980, he wrote that gold fell 25% in just two days. If you look at the high in Sept/2011 of around $1900 and now we are around $1600 (rough #'s), that is about a 16% fall and it took all these months to do so.

    He is writing that the 1980-type volatility will return, with gold. So, he is implying that qold could quickly go from $4000 to $5000 and back down again (20% plus moves). If people are scared about gold now, think about how scared they will be with the increased volatility.

    So, buy when you feel it is right for you and hold. Then sell when the time seems right. I think this selling will be the tough part, but hopefully some type of opportunity will present itself.

    I don't know if that helps you or what the others might say.

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    Replies
    1. well put Doc and I will just add that I have mentioned that TRUE volatility will increase in this trade as time progresses. We haven't seen ANYTHING yet compared to what will come. THEY DO NOT WANT YOU IN THIS TRADE and they will shake this tree hard JUST when you think you have um......it will be ruthless.

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    2. Jim Sinclair has mentioned many times that he sees 3500 gold. I think he believes eventually it will be MUCH HIGHER but he does not want to appear to be one of the "hyper promoters". My range is 10,000 to 20,000 as very achievable.
      I will not sell my gold so I really don't care

      Delete
  61. On the one hand, as a regular reader of this blog, Zerohedge, SHTFplan, and others, I read about lots of doom and gloom, a lot of it based on some factual, indisputable evidence. By any measure, the dollar (and the markets) should be crashing, and PMs should be higher, not the opposite.

    Then I look around me, and I see lots and lots of opulance. Malls are packed, most restaurants have 30-60 min wait times on the weekends, forget about going to Costco, Whole Foods, or Trader Joe's (especially weekends). People driving new German cars, bidding wars erupting on homes located in desirable neighborhoods, and not a single sign that there's anything wrong, all I see is prosperity. I live in a medium sized city out in West, there's a good mix of health-care/high-tech/higher-ed/manufacturing hubs within a 50-mile radius of here, and life is just good. It's incomprehensible that it will all come crashing down within a few months.


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    Replies
    1. Yes bud....it may be true for your area and MANY areas in the printing capitol of the WORLD......but its riot in the streets in Spain at over 26% unemployment youth ver 56%. Italy,Portugal, Ireland and Greece similar and in Depression or Recession.....These are NO tiny republics these are Major developed countries that don't have the ability to print the World's reserve currency. I am certain your instincts will serve you well but don't ever try and pretend that the Fed is not in the middle of painting the PM tape to conceal their currency counterfeiting. That is indisputable. There are many things that are incomprehensible to a lot of peeps right now and you are just one of those. If you don't believe PMs are a store of wealth for you then by all means stay away from the trade. Glad your town is doing well Bud. Hope it lasts.

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    2. BTW Bud maybe you can ask the DHS what they see that you don't

      http://www.foxnews.com/politics/2013/02/14/why-is-department-homeland-security-buying-so-many-bullets/

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  62. Thanks so much to all for replying. Agree Bud, things here (N.C.) at even bigger dichotomy than in the past...lots & lots of very fine new cars, but stubborn high unemployment in places. This is just an unhealthy situation. I'm ok so far, but considering the miners markets, that part of my portfolio has obviously been damaged. I also still have a good bit of cash, waiting for the pullback in the markets...just looks like the PMs are already somewhat decoupling from the "markets."

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  63. Budfox,

    Just so you don't feel all alone, I am on your side for the present. I believe paper will continue for now. The dips will be bought and the market will head higher (my opinion).

    If only the US was debasing its currency, we would be having more problems now. But, many countries are debasing their currencies too. Thus, the US dollar still looks good relative to the others, and it remains the reserve currency. So far, the various Central Banks of the world continue to juggle all the balls in a controlled fashion. Who the heck knows how long it will go on. I thought 2015-2016, but maybe the 2020's. But for now, the US economy continues along, and doing well in some areas.

    But, I do believe it will come to an end some day. Various countries are strengthening their currencies and setting up their own exchanges. This will gradually erode the strength of the US dollar. One day, enough purchasing power will be lost, and this will hurt everyone--especially the poor/inner city-type people. I believe the US Government realizes this, and that is why they are preparing.

    At some point, the Central Banks will revalue the gold they are holding higher, so as to help balance their bloated balance sheets. Jim Sinclair believe that this will happen this March, before his birthday of 3/27. Let's see if he is right.

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    1. Ya haf ta respect Sinclair but I "think" he is only saying PMs will begin a substantial move up then......he does believe that eventually they revalue gold. I don't think gold gets pulled in until ChinoRuso are ready to compete as Reserve Currencies against the dollar. We're still have some time before that. I also agree that it "looks" like the miners are headed lower in the next week to form a bottom "maybe". The only reason my interest is getting piqued is I may open a taxable trading account back up that I closed out in 08......I'll be happy to take them on if they give another 08 gift. I won't bet the house but I do have fiat to risk in that event.....so yup I am getting interested.....

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  64. Doc,

    Good point's but it's the juggling that makes me worry, used to do it when I was a kid, timing has to be perfect or one or all ends up on the floor..... Truthfully. I would like for them to keep it all up in the air for another year or two,

    I doubt it but I no longer underestimate their abilities :)

    I can't speak for Bud and I'll assume he is genuine in his thoughts but he seems to be at loggerhead's in his mind.....

    Will it be "The Blue" pill or "The Red" pill.........

    That's his choice.....

    Joe always said to become aware you just have to open your eyes and see and once reprimanded me when I was whining that how could one become aware if no one told you or were taught otherwise.

    His point to me was the information on how it all works and who is in charge has always been right in front of me but I just choose not to see….. Not any longer, I choose to see and whether or not what I see is to my liking is not relevant, what is relevant is trying to understand things and events for how they truly are and how they effect the reality we live in. I can’t change a thing but with knowledge I can understand what the clouds on the horizon represent and plan accordingly to the best of my modest means and most of all enjoy this time to the fullest with the knowledge that the salad days are coming to an end…..

    btw: Here on LI you can drive from one end to the other and see extreme's of true poverty right up to Uber wealth and everything else in between, it's just a matter of where and what you want to focus on.......


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  65. I agree Tom...when I am up your way, the vast amts. I see are astounding and then there's the other extreme. It's mind-boggling. I received a newsletter with some ideas cannot post the specifice article, but it is from Hard Rock Analysis, fwiw http://www.thedailycrux.com/Post/42299/these-gold-stocks-could-be-the-stronger-than-the-others The only one I recognize/have on my watch list is AAU, but svlc looks interesting. And Darn! I thought we had bottomed.

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  66. Free Gold....that is the key..the gold most flow

    what do you all understand about it....
    what is your thinking..

    it is the balance of payments of countries....how do you stop japan or china from devaluing there money system to gain a export advantage....it is free gold..

    as gold moves into their countries there money system goes up....killing their export trade as to cost.

    you import as well as export to have a balance of trade....$ for $

    if not then free gold comes into trade....your money system goes up in value....killing your balance of trade

    you can not get out of it.......

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  67. Will give that thought palladin. Seems hedge funds are definitely short the yen right now. I'm not sure China want to devalue too much, but will keep a sharp eye out for that possibility. In the meantime, if spot had a 38.1 fib retrace and $1901 is the high, what would one use as the low? All the way to $250? That would take us to $1290...silver big support at 27.50, if goes thru that guess we're looking at 19.50 or less. Wow!

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  68. Grand theft auto loans, a bubble waiting to burst (just like subprime mortgages did).

    http://freebeacon.com/grand-theft-auto-loans/

    Lots of fine new cars on the road sister - very few of them paid for...

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  69. Hehehehehe, got that right.......


    It's déjà vu all over again!


    http://news.investors.com/business/072712-620090-gm-risky-subprime-auto-loans-fuel-sales.htm

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  70. Bud,

    http://www.zerohedge.com/news/2013-03-03/guest-post-playing-financial-chicken-your-golden-years


    Global

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