Sunday, February 17, 2013

YOU ARE THE GAME

That was easy
Boyz will be boyz.....and that's true for the boyz below Canal Street. I love the comments made about free market capitalism as if that ensures some type of "honest broker" in this game. You hear the Kramers, Kiernan, and Kudlows of CNBS cackling about capitalism when they have no idea nor have they ever attempted to educate themselves about "capitalism". They sounded the trumpets of free markets and Capitalism in the months preceding the market collapse in 2008 and just as the market would have a hard down move they were the first to begin screaming for Fed and Monetary intervention with panicking, shrill screams at Bernanke and Paulson to "do something". It verged on something scripted out of a Saturday Night live episode, but it was real and that's what made it so disturbing. Here were the trumpeteers and pied pipers of the market reduced to hysterical lemmings. They led enough of the peeps into the slaughter in 2008 but they were having their personal wealth affected too and suddenly they realized there were no prisoners being taken. Maybe when Bernanke had said in testimony during 06, 07 and even early 08 the housing industry was strong and he saw no recession on the horizon they should have been asking some hard questions back then instead of castigating the likes of Jim Rogers, Michael Pento, Peter Schiff, and others that were sounding the alarm loudly and clearly. Instead they ridiculed them and scoffed at their warnings. They carried the sheep right into the ambush and it was devastating for many people that played by the rules and had savings in the equities market. There were many people that lost money in bond markets and money markets before they implemented the insurance for all money markets. There is no money market insurance from them anymore it was quietly discontinued over a year ago. So be prepared if you think you cannot be MF'd ala Jon Corzine.

Whether you want to see it or you aren't capable of seeing it that is fine, but we are entering ( and I think rapidly) another rough period of time in the markets. The economy  is not fine here even though the appearance for some areas appears to be improving. Look at Spain, Greece, Portugal, Italy, Ireland,......they're in depression.....NOT recession. The only thing that keeps some of them from full fledged chaos is the printing of money by the ECB to maintain their food stamps, medical care and pensions. Guess what....that's the only thing keeping our nose in the states above water. Printed money with NO response to the underlying structural collapse. Someone periodically says "but you said we would be in depression". You really don't want to know my response that I really want to give but the fact is WE ARE IN DEPRESSION AND WE HAVE BEEN IN DEPRESSION. We have "enjoyed" a real unemployment rate of over 22% since 2008. The 8% rate you are given includes employed as anyone working minimum wage 2 days a week as employed. I had an architect that was with a firm that built almost every baseball stadium in America the past 20 years wait on me at Lowes today. He was laid off two years ago by them but is considered employed because he works on weekends at Lowes. He was optimistic because he said he has had some part time jobs working on several multi-million dollar homes being constructed here in the last year. I didn't have the heart to tell him what I thought. Sometimes ignorance is bliss. We do not have high paying jobs being created for our College graduates and the high tech jobs that go begging due to our Universities not producing enough engineers and high tech graduates is absurd. The number of jobs that can't be filled by U.S. graduates is complete bullshit designed to make you believe that corporate America is doing its part in this depression but YOU THE PEEPS are failing on your end. And we keep falling for it. Go ahead and open up those work visas so we can fill those openings with some 25K/year developing nation grads. That is the real game. GIVE ME A BREAK! If you want to believe that bullshit then be my guest. You probably fell for that line back in 2008 when people were questioning the extraordinary Wall Street Banker salaries and the incredible pay was defended by the logic that "If we don't pay them this amount then they will go somewhere else". REALLY??? We were in full economic collapse and you have the audacity to spew that bullshit as you simultaneously were asking taxpayers that made 40K/year to take it up the arse with your TARP? Wait a minute.........just look at the picture above. Which one are you?......gl





72 comments:

  1. Funny you should mention architects--one of my friends in D.C. area is a former architect who met with a buddy in NY metro area saying many firms there are closing or laying off employees, they simply have no work. I was shocked with interest rates at "0". Here, there are apts. & church additions, but certainly no commercial builings going up...they are going to upgrade the football stadium and guess who's paying for that?

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  2. Hmmmm seems somebody is full of pi$$ & vinegar this morning, hehehehehe


    http://www.shadowstats.com/alternate_data/unemployment-charts

    http://www.shadowstats.com/alternate_data/inflation-charts



    Quick note all of my sons friends that completed their 4 years of college (A few went to big named schools) this past summer are all working part time or manual full time and cannot find work in their field of study with the exception of ONE and Daddy helped land the position. There is also a few of them with loans in excess of 80k!

    Green Shoot's Huh........

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  3. I did get a chance to listen to the second hour of the Financial Sense report. The 1st 40 minutes--not much of interest. The speaker did state that "Business Cycles" are now lasting just 1 year instead of the usual 3-5 years. New leaders may emerge with each cycle. Thus, you cannot buy & hold.

    The good (Gold) stuff was in the last 20 minutes. The speaker quite emphatically went on that GLD is "paper gold" and that various hedge funds MUST REPORT transactions of GLD in their 13F filings. But, those hedge funds can turn around and then buy gold bullion and that this action IS NOT reportable. He felt that gold is very near an inflection point, but did not give a timeline (ie. month). He said he will buy gold at 1550 range.

    On a personal note, my wife & I went to a large mall on Sunday around 5:30pm. The place was packed, and I would estimate 2/3 of the people were carrying some type of package (purchase). We went to the Cheesecake Factory to eat, and the placed was mobbed.
    So, seems like the "sheep" are buying and enjoying themselves. I think we have to be very careful about trying to time this collapse.

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    1. Precisely.....and a couple of added points.....It is essential to maintain the CONfidence with whatever means necessary and that is exactly where the problem is. Just like my encounter with the architect. I did not get into his story too deeply but he was 42 and seemed very happy and positive.....yet he had been out of his full time job for well over a year and was selling BBQ grills at Lowes PART TIME...an honest job but NOT an architect. Statistically he is counted as employed. How many of us have been "down-graded". I'll bet the architect will still go out through conditioned stimulus with his wife and purchase "a bauble" to make themselves feel like they are "still consumers" and keeping up with the Jones'. I agree we are still "consuming". But we are not making good jobs. Our infrastructure is falling down around us. Our educational system is a farce at all levels. These are integral parts of a nation going forward. I think the illusion of a recovery may seem like its working now and can go on indefinitely BUT if that were true then WHY the push for 1.7 billion rounds of ammunition for various Government departments. WHY NDAA NOW if we are recovering. Why manipulate gold and silver. Why the troop exercises being conducted VERY VISIBLY in over a dozen major cities the past year. WHY WHY WHY. What is going to happen?

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    2. also I can compartmentalize with the best of them and extend and pretend works just fine for my family. It is funny to see how the children 10,13 have "overheard" my conversations enough to begin overtly questioning the version of some stories that are played on the MSM headlines. It makes me laugh but drives my wife up a tree. She tries to COMPLETELY compartmentalize and believes in "hear no evil see no evil" .....

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  4. Doc,

    Same thing here in my area (northern NJ). Tried to go to our favorite sushi place on Saturday and couldn't get a table. Malls here are packed with the cold winter. People buying. On a personal note, my garden center sales in 2012 were up 12% from 2011. I am growing more and have ordered more for this upcoming season. Best piece of advice in business and also trading - Don't fight the trend! My business is small enough where I can scale down if need be, but all indications are for higher sales.

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    1. Curious on the 12% increase in sales how much of that was due to cost push passed on vs true individule transaction increases and how are the margins on those sales?

      As for the resturants I frequent less frequently what used to be a guaranteed hour wait is no more than 15 min on w/e..... Wait till Obcare kicks in for chain resturants margins stink now, just wait, there will be a ton of thirty hour "Full Time" employees....


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  5. Trader Dan (Norcini) saying gold is NOT in backwardation: http://www.traderdannorcini.blogspot.com/2013/02/gold-backwardation-chatter.html

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    1. Sandeep Jaitly is considered the authority on this and he uses spot price compared to the next month contracts and instead of front month on contracts and he says we are in significant backwardation. When we have this much manipulation going on I prefer to not use manipulated futures markets as a barometer of near term prices

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  6. http://blogdogcicle.blogspot.com/2013/02/americans-prepare-for-civil-unrest-with.html

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  7. I just bought my first PSLV in the IRA. After historically having a monster premium to NAV, the premium is down near flat.

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  8. I agree with your points Kli. Even these guys on this Financial Sense show believe that some type of collapse will eventually occur, but that it is still far off (no timeline given).

    The currency wars are going on, but as long as the various central banks print in some kind of controlled fashion, this can go on a long time. New paper money keeps entering the system and it has to go somewhere. Your points about the bullets, the NDAA, and the manipiulation--these are all "dominos" that are being set up. I just think the PTB have a lot more dominos to set up before they decide to tip the 1st one over. At least that is what I am hoping for since then we have more time to prepare.

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    1. agree and have said they can print domestically until prices of essentials stop them. Here is the problem. The prices of essentials in many developing countries are already at the breaking point so lets see how long they can go.

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  9. http://www.zerohedge.com/news/2013-02-18/guest-post-why-dont-people-see

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  10. Thanks so much for clarifying Trader Dan's view on backwardation...lots of confusion out there. I wouldn't have even read that if it weren't for his posting on KWN and Jim Sinclar.

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  11. http://www.zerohedge.com/news/2013-02-18/european-bank-ceo-admits-whole-thing-doomed

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  12. BTW everyone......in the "Great Depression" there were many people that prospered and lived quite nicely not only in all classes....but especially in the very wealthy classes......just as now. The difference is we are a "consumer economy" with banking almost 35% of our GDP.....Imagine what I just stated.....what kind of longevity will that create for us as a country. Let me get this straight Basically we are a country that buys shit and prints funny money for big banks

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  13. http://www.zerohedge.com/news/2013-02-18/platinum-spikes-following-report-people-shot-outside-amplats-south-african-mine

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  14. Tom,
    I read your Zerohedge post above.
    If you read the comment section, I am one of
    the "entangled in the system" people.
    When I have tried to explain this to my colleagues, I might as well be speaking Greek.

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  15. Kli,

    The FIRE industry at 35% of GDP mirrors Britain a lot. When I think of the system stretched and finally caving in, I think of Britain, they lost reserve currency in www2 and have made it to this point. The boys of wall street can hold this thing together for a long long time. I would expect I will have passed by the time it does go down. What you do see in England is a lower class that will never have a home as they have priced that out of reach, similar to what is happening here today. I think everyone should follow Inlet's advice and start looking at land or homes near a metro area with good water. Inflation is the final affect of this FED program as detailed in a link I provided a couple weeks ago. First prop bonds, then stocks, then inflation to push up or fix home prices (it's price fixing)

    It's started already with PE firms buying billions of properties on the cheap courtesy of the fed. Property taxes will be the new revenue for the govt. The market is not buy and hold unless you bought at the bottom in 09....Silver and gold will have its day but the cabal are really good at masking or inflating true prices...

    We are busy at my work, Downtown san Francisco is packed, the chinese are coming in and buying homes all cash by bidding 300K over asking prices...homes are at bubble levels again on the peninsula and venture capital is working its hopium thruout the bayarea. We just rec'd 24 million in VC money as we are in the top 50 fastest growing software companies..it's crazy but the fed spigot has turned cheap money into growth for sub sections of the economy. Yet, if you go into the central valley, the credit destruction is still in place and its like being in little applacia in Calif.

    I'm still in ANX, holding CYCC and ARNA...dipping into some vix for downside protection...

    btw WEST has seen some volume come in and I played it for .04c gain the other day....my price point of buy in was .o7c, ....

    Doc is right, you need to lock in profit today...

    the market is magical but the business side numbers are looking very weak...but the fed has no open operation sales this month. they are holding equities up for something..I just wonder what the trigger will be for a sustained down move...

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    1. I like to pretend everything will go on longer than one can imagine with the growing debt/GDP and mountain of derivativest that are expanding and approaching 2 Quadrillion....but I am also deeply troubled by the recent rush to implement "gun control" laws. If I really believed the motivation for this was to implement "reasonable controls" as you have suggested then my antennae would not be up but I believe they are beginning the final stages of preparation for tyranny/civil disorder. I have had several very highly placed "military officials" tell me that there is an internal upheaval and their concern is elevated.........beyond that all is good and golf was good yesterday.......I remember the bay area well in late 70s and early 80s when much of the rest of the country was mired in a decade long deep recession and some areas in actual depression but the bay area just kept on shining bright with growth and real estate prices soaring.

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    2. bayarea is definitely a targeted fed housing market, if they let the market drop here banks would be insolvent at a much different level....

      Gas prices are rising and its crimping the people already..take a look at maxedoutmama's site for some scary charts on economy...look at the tax receipts in chart 2 or second post from top....were rolling over and trouble is coming..

      http://maxedoutmama.blogspot.com/

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    3. You have a cognitive dissonance that keeps surfacing with these discussions....if they can kick this can down the road for a long time then how can trouble be coming. I see trouble here NOW and I see more coming fast.......I do NOT see this can getting kicked down the road indefinitely.......piper will be paid.....the devil will take his due.

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    4. I did not mean YOU ..chuck....shoulda said There is a cognitive dissonance that keeps surfacing

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    5. Gotcha Kli...

      The underlying economy sucks, I'm not a hopium follower as I can see the pain even on a family level...take a look at the white house floating immigration plans to get trigger information, they can have a plan 2 for bringing in 12 million more people, yet no jobs to give them as citizens..

      And yet can't balance the budget or draft a bill to reduce the deficit in last 4 years....they only want to bury the middle class and poor deeper...

      I think immigration amnesty will be the spark that lights a fire...I know I will be at every protest as I see this as a battle against the constitution, we are being invaded and it's being ok'd by the higher ups....

      We create false flags to invade countries but we bury our constitution when we are being invaded....a govt. that is totally captured is what I see....the same you and everyone here see's I'm sure...

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  16. Honest--still holding a little arna...a friend and I were discussing Britain just this morning. Extended family members left London to purchase a home in Westchester, NY b/c it was cheaper! I don't see a sustained down move until after the 2014 election so that the Dems control all fed. gov't. Of course, this is just a theory and there will be pullbacks along the way. AND, I'm usually wrong.

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    1. Looking for 40+ acres, pole barn, and semi-arid land. Only thing left nearby is either next to a gun range or a new gas power plant. Essentially any land with utility access and some desirability has been aggressively bought up in the past 2 years. The debased currency is burning a hole in my pocket and need more unleveraged hard assets to diversify.

      As for the Developing World, the Club of Rome has always intended to depopulate them to more manageable levels to exploit their resources. The past 20 years has been a deliberate push to place the developing world at the precipice of Malthusian Theory. Even without the higher levels of Natural Disasters increasing; Inflation and the breakdown of JIT will cause the collapse of government in overpopulated centers followed by famine. Most of the Middle East and South Asia cannot feed itself once the supply chain breaks down.

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    2. once the supply chain breaks down red, how do you think land that is NEAR a city will survive.

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    3. in other words being "near" an urban center is NOT ideal

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    4. The location is isolated and semi-civilized, in the US short of a full scale nuclear exchange or Yellowstone goes off. High up in the Rocky Mountains, critical military base, 40 miles to the nearest major urban center, plenty of wild game, crappy farm land, adequate water, and some trees. Rail transport, airport, highways, pipelines, inland refinery, and hospitals are a double edged sword. If something goes wrong, bug out options to the 4 winds, not trapped by large body of water and competing with half a million plus people to bug out.

      Montana would be better, but it gets very cold up there in the winter and resupply is difficult.

      Still looking, semi-ideal spot has a well and stream, electricity, propane, and a pole barn already established, trees and at least 7-10 miles from a major highway and 10-15 miles from a population center. After about 2-3 miles walking through cold wet snow, most people are out of luck cuts both ways, difficult to get too. Logistics of maintaining a bug out spot is not trivial.

      Sorry I am not as optimistic as Joe going into the end of this year, that scenario implies some serious debasement and nothing goes wrong.

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    5. Same here brother but Joe's option is possible. Montana's way too cold. I like high mountain Colo.....had a bug out place there in the 80s in Crested Butte...Just make sure you're in a "banana belt" area in the mountains and NOT in a Georgetown area......too harsh. Water must be available and don't count on the game when the SHTF....They'll clean out the Deer and elk in two years or less

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  17. Joe contacted me on SKF and left me this....it does fit with my timeline too.....so for sure it must be wrong.....but Joe's been very accurate in predicting the slaughter of the miners so do your own DD

    Central Bankers have 1500/1550 as the floor for Gold and it's going to get there before month is over and after that they will take it up to the resistance which is 1800. This yr the range is 1500 to 1800. As far as overall market the low would be around 12000 to 12500 for DOW by late summer and it will finish the yr around 14000. Mrach and April should be good month for miner's bounce, how ever just buy and hold for long term in miners and paper Gold is not a smart move UNLESS miners drop to 2008/2009 low level which is not going to happen this yr, therfore swing trade the miners. Keep your eye on MUX, that would be the miner to trade once bottom gets there in low 2s. Less

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  18. from bill fleckenstein

    “That’s what happens with all rallies after you’ve had a big enough selloff and a rally starts, nobody believes it ... The fact of the matter is people are terrified that own it, and the miners have been so bad for so long. Gold itself has been heavy and nothing makes it go up.

    These are the kinds of things that get people to give up. Action is so negative that guys who are short (start to) press (to the downside). It doesn’t matter whether you are talking about gold or any market, when it gets like this it’s near the end, and when it turns it turns violently.

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  19. "Yet, if you go into the central valley, the credit destruction is still in place and its like being in little applacia in Calif."

    What is applacia? You mean Appalachia? If so that is a town in Wise County, Va near Ky/Tn. With the attack on coal (carbon fuels) that whole area is hurting. Grew up there and have relatives there. I can tell you more than you want to know about te area.

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  20. “Sometimes people don’t want to hear the truth because they don’t want their illusions destroyed.” –Friedrich Nietzsche

    http://www.zerohedge.com/news/2013-02-18/guest-post-adrift-sea

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    1. ya think?? hehehehe
      The big story this past week, besides the annual State of the Delusion speech by Barack “It won’t add a cent to the deficit” Obama, was the fate of the passengers on the Carnival Triumph as their skyscraper sized ship was left adrift at sea for days without power. The ordeal at sea of the Carnival Triumph and the leadership displayed by the Carnival management and executive officers is a microcosm of our declining empire. Rather than deal with our reality, Obama chose the Carnival Cruise Line method of public relations - misinformation, denial and delusion. He has embraced the Big Lie concept as if he had created it. Our cruise of illusions and delusions is headed for troubled water. The math challenged citizens on this ship have been enjoying the 24 hour pizza buffet without the labor required to pay for the bounty. This voyage is reaching an end and the bill is coming due. The engine is on fire but the captain is telling us all is well. Eventually, everyone will know the captain lied.

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  21. It's called denial, aided an abetted by a joke of an msm...can hardly watch "the News" anymore; it's like People magazine with an animal story thrown in every single night--i.e., no news at all discussed tonight. It was all about Pistorius, 2 loooong obits, Obama playing golf with Tiger and the dolphin story. My goodness, what happened to journalism? They must be paid to keep the sheeple distracted. Nothing to see here, move along.

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    1. Sis,

      News what's News.......

      http://market-ticker.org/akcs-www?post=217658

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  22. A couple of thoughts on Joe's comments from yesterday. His timeline is the same of mine.....that's fine..it fits the charts...he also predicts a more range bound gradual take up this year.....also what I felt MAY happen following the "rule of alternates" (as opposed to the supper spike up from the 2008 bottom. This move up may be off the 2012 bottom ALREADY and as I pointed out in the post a few days ago we are ALREADY engaged in the "rule of alternates".....ONCE AGAIN...and in response to some of your questions .....I WILL NOT get whipsawed overtrading these......and I AM NOT THAT GOOD.....which is why I will still hold tight and sleep at night only trading small percentages of my positions WHEN we reach daily overbot conditions... one last caveat...remember BULLION is a BIG DEAL in this entire scenario. If "someone" crosses the line and accumulates too much bullion SILVER OR GOLD then all hell breaks loose. Joe knows this also and this timeline CAN get completely disrupted.....gl

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  23. watch the top video above "too big to jail" with Elizabeth Warren ...I liked her in 08 and I have a renewed admiration for her. We don't need new regulations.....We need someone told to ENFORCE THEM! Listen to these SCHMUCKS bumble and stumble

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  24. Explanation of what the "rule of alternates" may look like on the charts. I mentioned several times that "when" the metals moved you would have a hard time recognizing it much less trading it or "hopping onboard" ....Joe's timeline could easily wind up being a series of pennants or flags...with run ups to the flags and then a very extended or lengthy flag or triangle pennant forming with a tight range.....each of these steps up would be very hard to trade and very little retail "jump on" would be enjoyed. It should look very different from the 09 rum up

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  25. PPP just filled its gap.....hehehhhehe.......knew they had to get down there

    http://stockcharts.com/h-sc/ui?s=PPP&p=D&yr=1&mn=3&dy=0&id=p78179744898&a=262963073&listNum=1

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  26. EGO right at its May 2012 low. Ugly. I guess the optimist could say it could form a double bottem at this point. I ain't very optimistic. march, apr, may, who knows when the metals reverse, but of it doesn't happen soon, it seems like a lot more carnage for the miners. eek.

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    1. Yeah.......look at AAU today......that's really ugly......if you're short.....hehhehehe.....guess its how ya look at it rudemood.....most of my miners are green today and I own around twenty......doesn't really matter just watching and waiting.....just hoping we get a paper bullion plunge into the 1500's then I'll take my last big silver bullion gold bullion buy......yum yum

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  27. Great ppp call kli...short squeeze on mux today.

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    1. my hidden pivot point is 4.74.....that would be sweet

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  28. not short, my basket of miners r hit and miss today. though I am surprised to see SSRI catching a bid. maybe my EGO is forming a double bottem. not optimistic, because this last wave down in miners has screwed with me. you could say I am too scared to sell at this point.

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    1. why would this "screw" you? unless you are selling.

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    2. We are in a trading range in bullion prices and that is where smart money operates to accumulate or distribute their positions.
      They are controlling market forces and require time to acquire positions so they can conceal their buys/sells during the process, and the trading ranges are also used to
      discourage participants (us) from following their trade. THAT is the game

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    3. because I didn't expect the PTB to drive the miners all the way back to there 5 year lows. that's how it's screwing with me. instead of being long, I feel trapped. if the miners go to zero its not the end of the world to me, but that doesn't mean it wouldn't hurt.

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  29. Waiting for HL to fill it's gap soon too. Love PPP, had it at $2.50 when you first brought it up and stupidly sold it at $3. Ah well!

    Still in my APA puts but getting antsy. Premiums took a hard whack this morning for such a small move up which annoys me. May roll out to a further month as I think we have more downside to go.

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    1. I had a medium sized position in PPP.....let's just say it was substantial......sold off more than 75% and most of that was at 8 and just below......the only reason I sold so much was because I intended to hold most of it but after it tripled I was not seeing any follow through with the rest of the miners and they appeared to be rolling over so I thought it would go back and fill its gap for sure at some point. I still have a position.

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    2. That was the right move. So now you basically have free shares more or less. Anytime you get a big move that quickly you have to take some profit, at least I think so :)

      SVM in the $3s.... wow wow wow

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  30. Tom - Good Karl D. article re: NYT...apparently mux not in squeeze.

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  31. We are in a trading range in bullion prices and that is where smart money operates to accumulate or distribute their positions.
    They are controlling market forces and require time to acquire positions so they can conceal their buys/sells during the process, and the trading ranges are also used to
    discourage participants (us) from following their trade. THAT is the game If you want to play then you recognise the game and you accumulate with them...the bullion

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  32. for those of you wishing to add or get into a PAL position watch that lil black line at around 1.60 for a retest of the breakout

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

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  33. looky looky......silver getting whacked......again...hehhehe......come to pappa

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  34. Picked up a decent chunk of SAND. Good company and Yes, I am bottom fishing!!!! Good luck guys.

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    1. Ryan......after a 2 year miner beatdown and consolidation period this called accumulation......that is what THEY are doing....so enjoy

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    2. Kli,

      I hope so!! I now have SAND, HL, a little PZG, a little EXK. Can keep them as long as it takes. Have been swing trading and few biotechs and doing ok with that. Good luck.

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    3. If I had to make a paper trade here then I can't think of a better trade. Instead I am fully vested in the miners already and really feel fine about it. What I feel great about is I do have cash on the sidelines left for some more bullion purchases if they take it on down. I have somewhere between 30 and 40 bullion purchases since the silver peak price two years ago and feel grateful for the long consolidation. I may or may not get the last flush but I keep making purchases.......

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    4. I have made 3 silver physical buys since last spring through Gainesville on your rec. Only worth $3000, but better than nothing. Probably should take some funds out of my trading account and make 1 larger purchase.

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  35. Here is a good explanation of falling gold prices--it shows a link to rising interest rates which makes sense to me. http://www.businessinsider.com/deutsche-bank-erp-driving-gold-lower-2013-2?0=moneygame My question is will the Fed Really (?) let interest rates rise? I'm just not seeing it unless inflation gets out of control altho it's already pretty bad...gas prices here @3.80 now. I was thinking and cannot remember when gold last went parabolic, interest rates did as well.

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  36. Out of APA Puts with a very small profit after being up 20%... meh! They ground the premium up today and I can't take a surprise gap up tomorrow. Rule #1 don't lose money :)

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  37. I think I'm going to join the darkside and get some SLV puts. It's just too tempting... So if that doesn't get a silver rally going nothing will :)

    The market is so overdue for a pullback it's not even funny but it absolutely refuses to. Though with the ten year continuing to creep up it may need to.

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    1. that's dark!....dunno Hubz I think they take it to below 28....Sellers are still in charge and we don't have a flush yet ....maybe so....I just think I could find a better target......watta bout GOOG

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    2. GOOG is ripe, as is AMZN but I hate fighting trends. I hate betting against silver but it really feels like 27 is in the cards. I may just sit on the sidelines and wait for another opportunity to come. Hard to bet against your heart :)

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  38. Kramer bearish now on gold.......Bullish!

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  39. QCOR short squeeze is on..14 days to cover...earnings coming out and expect another blow out...could find 40 before it winds down...

    GALE was up today on nice volume...watchin it closely

    OSIR is back in the game...If the move sustains I'm in tomm. AM..orphan status on Prochyml in europe...

    RXII had huge volume move today with nice gain...see if it holds tommm..

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  40. Good news re: Cramer. Maybe down a coupla days so they get a better entry. Feb is historically a good mo. for pms...we have a few days left, lol.

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  41. just to keep it real, Cramer has been very bullish for the whole rally for the last 3 months. during that time, many miners have dropped 25% to 50%. i hope the miners find a bottem at some point. they sure do have alot of ground to make up. beaten down sectors like coal and solar have risen from the ashes. hopefully the miners atleast start to base at these current levels.

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