Monday, February 25, 2013

ROME!

Flashing the sign
The center of the Universe today as events in the faux political election distract the masses. This is a Western banker's country and no outcome is going to occur that is not already planned. The takedown in the General equity market is merely the brakes being applied to take some of the weak hands out of the market and draw in some shorts for the fuel for the next up move. We're possible in store for some fireworks on the short side over the next few days so stay strapped in. This is the kind of market that even the best traders are going to stumble in. I'm barely trading and have no shorts on right now. I'm in my miners and do not care what the short term shenanigans are. I will try some trades if I see some relative imbalances, but they would be way out on the margins.

Italy is a complete disaster and will require hundreds of billions to keep it afloat over the next year. The ECB will print. We will print for them also. That's right we will send Federal Reserve money through the IMF to bailout Italy. Don't worry this has been going on for several years now.

Arch Crawford gives May 21 as a day "all hell breaks loose"........write it down. My prediction remains March as the beginning of the real PM bull market. We're in a hell of a mess right now and we gave up on our constitution after 9/11. Never let a crisis go to waste. And they didn't.

Action on the miners doesn't really mean much short term so relax. Until breakout we are still in an overall bottoming process.

The news over the next week will be dominated by the latest fiscal crisis (the Sequester). Its another distracting event so ignore the noise. Pay attention to the bullion. Follow the MONEY. Gold and silver BULLION are MONEY. Never forget the first rule. FOLLOW THE MONEY!

Let's not overlook the other side of Rome There are only two powers capable of taking down the Pope....Why now?

According to the Vatican, the Pope today met with Spanish Cardinal, Julián Herranz; Cardinal Salvatore De Giorgi, a former archbishop of Palermo; and the Slovak cardinal Jozef Tomko - nicknamed 'the 007 Cardinals' by the Italian media - in private.
A statement from the Vatican said: 'The Holy Father has decided that the acts of this investigation, known only to himself, remain solely at the disposition of the new pope.' 
Thanking the cardinals for their investigation, the statement added: 'Their work made it possible to detect, given the limitations and imperfections of the human factor of every institution, the generosity and dedication of those who work with uprightness and generosity in the Holy See.'


Read more: http://www.dailymail.co.uk/news/article-2284434/For-Popes-eyes-Report-Vatileaks-scandal-remain-confidential-seen-Pontiff.html#ixzz2LxvXyCOt
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http://www.dailymail.co.uk/news/article-2284434/For-Popes-eyes-Report-Vatileaks-scandal-remain-confidential-seen-Pontiff.html

http://www.zerohedge.com/news/2013-02-25/next-domino-spain-main-suspect-rajoy-graft-scandal-has-passport-confiscated

“Very few beings really seek knowledge in this world. Mortal or immortal, few really ask. On the contrary, they try to wring from the unknown the answers they have already shaped in their own minds -- justifications, confirmations, forms of consolation without which they can't go on. To really ask is to open the door to the whirlwind. The answer may annihilate the question and the questioner.”

                             -Anne Rice













95 comments:

  1. Hello all,

    Here is a follow up on the Law Enforcement Targets Company's "No More Hesitation" products that were brought to our attention by Tom. The targets featured "non-traditional" threats such as a pregnant woman with a pistol in her own home, a child with a pistol on a playground, and older folks with guns, all white and apparently American. These were supplied to the DHS for practice. In what I find refreshing, upon this being brought to public attention, folks were so disgusted that the company is discontinuing the product line. They do not, however, discuss any intention of recalling the thousands of targets they have already sold to law enforcement personnel.

    http://reason.com/blog/2013/02/25/law-enforcement-targets-inc-discontinues

    No statement has been made by the DHS regarding their need for the targets. So if you are a pregnant woman or a child, hide your gun in a teddy bear. If you are just an old person, well, I guess you just are SOL.

    Wilks

    ReplyDelete
    Replies
    1. good post wilks and I have talked to several people that thought this was just a case of mistaking the intent of the targets as intended to represent what NOT to shoot but clearly stated they were for "non-traditional" targets and placed guns in their hands. The intent of this is to let you know they are preparing. They WANT the public to know they are preparing.

      Delete
    2. This was NO mistake at all this was for "desensitizating" purposesfor LE, the company that produced the targets got some nice coin for their efforts......


      http://www.usaspending.gov/explore?frompage=contracts&tab=By%20Prime%20Awardee&contractorid=792861783&contractorname=LAW%20ENFORCEMENT%20TARGETS%20INC%20%20%20&frompage=contracts&comingfrom=searchresults&fiscal_year=all

      Delete
  2. Per the Keystone Speculator--some posters are writing there that we could bounce as high as 1510 on the S&P. But then likely back down after that.

    ReplyDelete
    Replies
    1. Extend and pretend. Range bound trade for a few months.......High is in.

      Delete
  3. Gold is trying to cross 1600 watta battle.....if it crosses and holds then this "could" be it....damn......I wouldn't get the last big bullion buy......of course they don't want that

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  4. F@#& there it goes.....stop it you baastids.....beat it down....you can do it

    ReplyDelete
  5. Its racing now all it had to do was clear 1600

    ReplyDelete
  6. I just got whiplash from PMs this morning. Up, down big, back up, now up big...starting to think PTB only has limited control of prices. Perhaps they have control until serious buyers come in?

    ReplyDelete
    Replies
    1. They have short and intermediate control....NOT long term control but they can destroy you if you are trying to trade them leveraged. I have my trading strategy and I am staying with it. Let them play and I'll only take significant trade profit on Weekly oversold conditions

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    2. correction overbot conditions

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  7. I know Kli, I really wanted another physical buy! I also don't want to chase it.

    ReplyDelete
  8. Love the move, looks very promising. Calls up 25% so far :)

    ReplyDelete
  9. I made a buy in silver last night of 20oz silver buffalos coins and was regretting this morning. Now I am glad I did! Keep stacking!

    ReplyDelete
    Replies
    1. Rudy...I have made 30+ silver purchases over the past year during the consolidation.....no regrets

      Delete
  10. This is why the Fed is "limited" on price control ultimately

    http://www.jsmineset.com/wp-content/uploads/2013/02/clip_image00223.jpg

    ReplyDelete
  11. Good lord APA is a DOG. Sick over letting those puts go :) Must... look... away haha

    ReplyDelete
  12. I cant reply to replies for some reason. This is the sixth purchase I made since start of this year. 4 silver and two for gold. I was only regetting I could not get a better price. But like Jim Rogers, I suck at marketing timing!

    ReplyDelete
    Replies
    1. don't worry about timing this consolidation for bullion purchases. I only mention that I hoped they took it below 1500....they may still do it but I always thought the bullion buyers would kill them with buys if they did...as a stacker you could never have asked for more than the length of the this consolidation. This is killing the bullion banks and they are going to raise the price substantially soon

      Delete
    2. Glad I added last week but truth be told I was hoping for a little more down draft to add some more..... Spare fiat is running low but either way its all good!

      Delete
  13. Holy Crap! Gold and silver are starting to move!

    ReplyDelete
  14. APA is a big time dog...poor earnings release, production dissapointed, reserve growth dissapointed, Egypt/Argentina turmoil, no near-term catalysts. It is getting awfully cheap though, watch for growth in Permian as potential catalyst.

    ReplyDelete
  15. Gold is skyrocketing!!!

    Gold
    1,618.50
    31.90
    +2.01%

    What a wild ride these last 5 trading days have been.

    Just like KLI predicted...They forced the weak hands off the table. Then BOOM.



    ReplyDelete
    Replies
    1. Jay Only if they retest 1600 and it HOLDS in the next few days will I give up on my sub 1500 gold buy. They can still do it but of course they have certainly crushed enough traders with this massive miner takedown

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  16. Hum not sure if we gonna see sub 1500...... Hope so :)

    http://www.zerohedge.com/news/2013-02-26/gold-and-silver-inverse-slamdown

    ReplyDelete
  17. “Very few beings really seek knowledge in this world. Mortal or immortal, few really ask. On the contrary, they try to wring from the unknown the answers they have already shaped in their own minds -- justifications, confirmations, forms of consolation without which they can't go on. To really ask is to open the door to the whirlwind. The answer may annihilate the question and the questioner.”

    -Anne Rice

    ReplyDelete
  18. I'll be selling my SLV Calls at the end of the day. Going to go to the side lines for a bit and see if we break these levels.

    ReplyDelete
  19. Wondering whether the GS crooks naming target of 1550 (already achieved) are covering now that they got their clients to short. Will never forget when they forecast
    rising oil prices & they crushed it to $47/bbl.

    ReplyDelete
    Replies
    1. tsk tsk.....such a cynic....;-)

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    2. In the last 3 trading days, Goldman probably made enough to fund the yearly salary of all it's employees. :)

      Delete
  20. Alright out of SLV calls for 20%. I'll take it! Could break either way now, just gonna go make some popcorn and watch. ;)

    ReplyDelete
    Replies
    1. you're doin' good.......grats!

      Delete
    2. Anytime you haul in 20% in less than a week, it's time to celebrate. Nice trade.

      With the VIX all over the place lately, I don't blame you for getting out.

      Delete
    3. Thanks fellas ;) Nibbled on some SPY puts at the close. PCLN just ramped up afterhours on earnings but man options on that are ridiculously priced. No thanks!

      Delete
  21. Dear Jim,

    The Fed has already been sacred out of their less dovish rhetoric as markets started to react in ways that should frighten them and show there is no feasible way to slow it’s liquidity injections. Bernanke acted today to quell those fears on the back of Europe starting to turn down aggressively again and with the Sequester on the horizon. So what has gold really been telling us over the past few days? Well, one thing – the move to downside is exhausted and running out of scared sellers but, more importantly and significantly, confidence in the real economic recovery has evaporated, enticing buyers to step up and give the market a bid.

    Gold as our gauge of confidence is giving a strong indication that confidence has once again been lost and investors have finally given their heads a shake and realized what is in front of them. The Fed and Hedgies had fun while the hack job lasted but we are now in the process of building a new base from which to continue an upward projectory after what was, and remains, a significant breakout at the end of August. A holding of the recent low upon a minor setback that will likely come off of first resistance at 1625-1650 should provide further confirmation of this. Shorts are being covered and disguised accumulation by the "Big Boys" is likely underway. All the pieces you talk about are falling into place and those who kept their emotions in check shall profit from your wisdom. If there is one thing gold is not, it’s not for the faint of heart.

    Kind Regards,
    CIGA Dustin

    ReplyDelete
  22. Great traing hubz...congrats! Does anyone here own exk? Not sure why it went down today and wondering whether I should continue to hold...looks like it has earnings. May sell and buy mux and/or ego. Thx for opinions.

    ReplyDelete
    Replies
    1. Thanks sister! Hope it keeps up :) I don't know anything about exk but in my browsings I feel like I have seen it mentioned as a good miner over and over again. I feel the same about SVM and it has been run into the damn ground!

      Delete
  23. I guess nothing is sacred anymore.....

    http://www.zerohedge.com/news/2013-02-26/inbev-sued-overstating-budweiser-alcohol-content

    Glad I quit....


    ReplyDelete
    Replies
    1. Hahaha I still induldge but have noticed a steady price increase of beer, especially import or microbrew etc. Hell I was excited to get a 30 pack of PBR a few weekends ago for a cookout for $18. Bar prices here don't seem to be increasing yet but... you have to wonder if they're getting squeezed on margins. Good luck finding a $1 happy hour anymore. I know of ONE and that is it. They used to be everywhere.

      Delete
  24. http://armstrongeconomics.com/2013/02/26/very-disturbing/

    ReplyDelete
    Replies
    1. Yup, been out there for a month.....

      http://www.examiner.com/article/shock-claim-obama-only-wants-military-leaders-who-will-fire-on-u-s-citizens?cid=db_articles

      Strange timing as well.....

      http://freebeacon.com/report-obama-ousting-centcom-chief-mattis/


      just keep connecting the dots because they end up with us being in the cross hairs....

      Delete
    2. http://beforeitsnews.com/alternative/2013/02/shtf-in-march-veteran-law-enforcement-officer-comes-forward-to-warn-america-video-2576456.html

      Delete
  25. Check this out if you need a laugh! Who said you can find humor anywhere?

    http://d24w6bsrhbeh9d.cloudfront.net/photo/6653870_700b.jpg

    From:

    http://www.zerohedge.com/news/2013-02-26/two-cows-infographic

    ReplyDelete
  26. Kli, when you have a chance, would you throw up a chart of mux if you don't mind? TIA.

    ReplyDelete
  27. Hey folks,
    Hope all is well as can be expected in these days. I have been real busy but that allows me to keep making buy's on the grey mare

    good post by B Krasting on more off balance sheet entities like fannie being thought about
    http://brucekrasting.com/treasury-shoots-itself-in-the-foot/

    OCOR tomm. is going to be wild..Shorts are trapped, earnings doubled, raised divi...19 days to cover..I hope shorts try to push it down on open to get out, because if upgrades fly and news coverage keeps it on screens an epic short squeeze could take place...but being wall street maybe nothing will happen. I'm in it already and looking for nice move..will scalp within the volume moves north tommorrow..

    ReplyDelete
    Replies
    1. you called it chuck......grats

      Delete
    2. can anyone help with the symbol OCOR.. Would like to follow the action, but can't identify it through Yahoo finance or Scotttrade. Company name?

      Delete
  28. Latest Deals - Andhrareporter While Kobo was late to the glowing e-reader party, it appears to have been worth the wait. The Kobo Glo is a 6-inch, Wi-Fi enabled e-reader with a 1024 Market News - Andhrareporter


    ReplyDelete
  29. Biderman just stating the obvious!

    http://www.zerohedge.com/news/2013-02-26/biderman-blasts-sequestration-bullshit-and-governments-big-lie


    Good watch for those that still don't get it.....

    ReplyDelete
  30. Devious.......

    http://www.latimes.com/news/politics/la-pn-detained-immigrants-sequester-20130226,0,7739089.story

    ReplyDelete
  31. Tom,

    I'm pissed off at that little move of letting illegal immigrants go free in America, not Mexico as stated by law. If you or me were in jail, we would only get out by paying or time...What a joke our Govt. is today.

    FEAR is the rule of tyranny...

    QCOR is so far been quite boring...although it's starting to pick up steam now...

    ReplyDelete
    Replies
    1. MMs holding it down early....watch how it moves once they let it go

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    2. they kept the tape painted premarket but I watched um take it up the ass with one bigger bid they had to through with a big green tag

      Delete
    3. watch ANX for penny play....I think the shorts have some issues here...nice volume..ran stops on down move the other day...

      Also picked up small lot of ISR on unknown stops slaughter...

      Delete
    4. http://www.politico.com/politico44/2013/02/white-house-was-not-involved-in-ices-decision-to-release-158027.html

      You couldn't cook this up even if you dropped a tab of acid.......

      Delete
  32. Lo siento

    http://www.caseyresearch.com/gsd/edition/mexicos-audit-office-tells-bank-of-mexico-to-verify-gold-held-at-the-bank-o/

    ReplyDelete
  33. S&P keeps creeping up.
    Looks like they will take it up to 1510 which is the 20 day SMA. Makes you wonder if the shorts will jump back on there. I suppose if too many jump on, the PTB will take it higher to burn them.

    ReplyDelete
    Replies
    1. I think they may want to play the range for chop shop money. so I'll go with they whack it again

      Delete
  34. ASTM, an old symbol around here is either being accumulated or volume momo players are about to bump it up...big volume and little movement

    ReplyDelete
    Replies
    1. I wish Joe would chime on ASTM, 10X volume but no movement..it just doesn't seem real...

      weird going on's in the market today..

      Biggest POMO of month today could be factor...

      Delete
  35. Look at this weekly tech guys and comment please on the massive divergence on the MACD. This one wreaks of accumulation

    ReplyDelete
    Replies
    1. sorry heres the chart.....

      http://stockcharts.com/h-sc/ui?s=RIC&p=W&yr=8&mn=3&dy=0&id=p84577126760&a=251193716&listNum=1

      Delete
  36. Thanks for the chart kli, want to buy mux but I am so overextened on miners...holding a little astm so glad to hear that honest. Seems like the bios move in the spring?

    ReplyDelete
  37. Not sure what I'm doing wrong but when I copy/paste your chart links, they don't come up.

    ReplyDelete
    Replies
    1. worked for me sista......take a look at RIC

      Delete
  38. running the stops on gold now....let's see if they reverse it hard this week..or maybe event today......of course my buy below 1550 could come

    ReplyDelete
  39. Just aint you Sis, I'm getting a chart for weekly DJIA..... RIC I assume but since I suck at reading charts don't matter what comes up its all greek to me! Only thing I do know of charts is if I own a stock it lools like RIC and if I don't it looks like GOOG....

    Told you so wilks!

    btw: still own a bunch of RIC........

    ReplyDelete
  40. Looks like inside reversal candle? But down now so we'll see how it ends up today.

    ReplyDelete
  41. new post and charts tonight ...I'll try to put the RIC up

    ReplyDelete
  42. Blech, they are gunning the hell out of the SPY so my puts are sucking wind but I just don't buy this move... not much longer before I have to cry uncle though. Ugh!

    ReplyDelete
  43. The usually reserved waitress at our favorite Greek-owned Sunday breakfast place approached us in dismay. Her daughter and son-in-law were escaping Greece for the US. Even middle class professionals were finding themselves digging in the garbage for food to eat, she said. You cannot imagine just how bad it is in Greece, she told us, with tears in her usually stoic eyes.

    What has happened in Greece is as Ryan McMacken quotes Mark Thornton in a recent LRC blog, about what passes in popular parlance as "austerity": "The...idea of raising taxes on individuals to pay off international banksters...[which] is bad economics and is not real austerity."

    As the always enlightening Daily Bell website pointed out earlier this year:

    "In fact, the Greek Parliament is voting today on a new tax bill that broadens the tax base to raise another 2.5 billion euros, and also introduces new annual income thresholds for salaried taxpayers. It does away with tax breaks for the self-employed.

    "Entrepreneurs have emerged as the latest 'bandits' in Greece's ongoing efforts to bleed the wretched Greek carcass of its last available drop of revenue. Government benefits have been slashed, taxes raised and Greeks are being pursued with maniacal determination for taxes, paid or not."

    But, the Daily Bell notes, this austerity does not apply to the elites:

    "Not long ago it emerged that the IMF had in its possession a list of top Greek pols and other officials who had illegal Swiss bank accounts. ...The IMF handed over the list to the Greek government, which promptly sat on it."

    Squeezed to the point of total economic and psychological collapse, Greeks are responding with desperate measures to the domestic and international elites who have destroyed their country: they are getting restless and violent. There have been more than a dozen armed incidents in the past couple of weeks and matters look to get far worse.

    Former Greek career diplomat Leonidas Chrysanthopoulos is quoted in the New Statesman this week warning about the chilling turn in Greece -- and an even more chilling government response:

    “'It is an escalation of activities,' he worries, adding that he expects the 'explosion' to occur sooner rather than later. He predicts the spark will be when new, retroactive and sizeable tax bills come due in the coming months that people simply cannot pay. 'There will be further increases in armed actions. There will be bloody demonstrations.'”

    Greece is about to turn on its own people but to continue the transnational elite's "austerity" measures the Greek government needs to use some of that elite's muscle:

    "Chrysanthopoulos says that the government has hired Blackwater, the American private military firm infamous for its activities in Iraq, which now goes by the name 'Academi', along with five other international for-profit security outfits. Explaining why this has happened, he says bluntly: 'The Greek government does not trust the police whose salaries have also been cut.'

    Coming soon to the US?

    ReplyDelete
    Replies
    1. Note they are hiring BLACKWATER to protect themselves!!

      Delete
  44. Gold
    1,596.50
    -19.00
    -1.18%

    SPDR S&P 500 (SPY)
    151.54 Up 1.52(1.01%) 1:06PM EST - Nasdaq Real Time Price

    Hubz- How close are you to max pain?

    ReplyDelete
    Replies
    1. Get your chin up.....this pig is comin' down

      Delete
    2. I smell overcooked bacon ;)

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    3. they had some shorts to cook.....and now they have some stops to run

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    4. Whelp this sucks... haha :) Really thinking about breaking my rules and not stopping out. This move is just absurd!

      Delete
    5. Nope I'm still in, I honestly went about doing something else instead of watching it. Glad I did so far as it bounced right off my "Uncle!" point :)

      Delete
  45. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/27_This_Is_How_You_Can_Make_A_Fortune_In_Gold_Right_Now.html

    ReplyDelete
  46. http://www.silverdoctors.com/jim-willie-gritty-questions-on-the-historic-collapse/

    ReplyDelete
  47. Replies
    1. daaaung!

      North American Palladium Ltd. (PAL)
      -NYSE MKT

      1.56 Up 0.14(9.86%) 3:56PM EST - Nasdaq Real Time Price

      Delete
  48. Wow, what a silly day for OCOR...it actually shows how fixed the market is...some big entity doesn't want that stock to move....doubles income, ups divi..pe in single digits...but only up .50c...

    If GS did the same, it would be up 15...

    ReplyDelete
  49. JCP awwwwwful results. Ackman buddy... what are you thinking?

    ReplyDelete
  50. JCP awwwwwwwful retailer....... Glad they didn't get ya today!!!

    ReplyDelete
  51. J.C. Penney Company, Inc.
    NYSE: JCP - Feb 27 6:13pm ET
    21.16+0.14‎ (0.67%‎)
    After Hours: 18.18-2.98‎ (-14.08%‎)

    ReplyDelete