Thursday, April 11, 2013

UNCLE FESTER'S WORDS OF WISDOM

Or don't take wooden nickels from strangers. Just because you work for the Ponzi doesn't mean you can't give the sheep some words of wisdom....after all that's why I am so adored. Just look at me. How can this face lie. I'm that lovable uncle that plays Santa at Christmas for all the little kids to sit on. I'm the avuncular broker you wish you had. I'm the face that's guided you through the rough seas of the market. I've kept you warm during the chill winds of the bear winter. Now that we are entering the most dangerous period of your market existence, I'm here to help you. I've been through all of this before and I'll tell you the worst thing you can do is panic and exit the market, even in a bubble. After all what kind of market can we expect to have if the suckers aren't in the game for the boyz to dump their shares on. Like I said to Lloyd last week...this is the most spectacular bull market I've ever seen. In spite of a few negative macro details such as the 106 million working age Americans that are unemployed....or the complete collapse of our manufacturing to just a tiny fraction now of our GDP.....or the decaying infrastructure with no repair in sight....or the disastrous demographics coming with baby boomers trying to retire.....or the debt rising to a level never experienced in modern times and being artificially supported by counterfeiting.....or the total subversion of the constitution by a totalitarian state.....or a rising tax structure sure to doom any recovery.....or onerous regulation designed not to regulate but to DOMINATE small business and small banking by the giant 10 Banks that can more easily handle the thousands of pages of government regs.

  Some of you may find this type of investing advice difficult to accept from me but like I told Becky Quick last year while flying over to China......without retail investors we could never have achieved our goals of the "ultimate fleece".  Hopefully you understand that the stock market's intended purpose is for us to fleece you and we will. Resistance is futile so just relax and stay invested with us. We'll take care of you just like we've done to everyone else. MF Global, Greece, Cyprus, Madoff, Spain, Italy, Slovenia, Iceland, Ireland are all one-offs so get over it and join this party......REMEMBER......its only paper...

But who prays for Satan? Who, in eighteen centuries, has had the common humanity to pray for the one sinner that needed it most? So Uncle Fester....maybe you have a chance...YLSoS
Mark Twain 








123 comments:

  1. Something to ponder:

    http://www.youtube.com/watch?v=_UbAgq3u6lQ

    BTW, where's Red? He needs to post more often, I always look forward to his pearls of wisdom.

    ReplyDelete
  2. They really do want it all. Last year I had no rain tax to give them.
    Oh by the way. The Bird Flu is really bad in Mexico. I'm in the Chicken business
    and we are having a trouble getting hatching eggs because they are all going to Mexico Hatchery's
    Did you guys know that have culled over a million chickens in Mexico? It's getting bad down there,
    Matt

    http://www.dailyfinance.com/on/maryland-rain-tax-stormwater-runoff-chesapeake/?icid=maing-grid7|main5|dl5|sec1_lnk3%26pLid%3D296534

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  3. Confusion grows over Cyprus bailout funding, as the president will ask for "additional assistance":

    http://www.cnbc.com/id/100636429

    They can't even properly contain a tiny island like Cyprus. What kind of clusterf*ck is it going to be when this thing spreads to one of the PIIGS (Well, Greece is already in a depression, so one of the other 4)?

    We are truly living in this unreal cartoon, where the world around us is in deep ****, and the markets continue to make new highs. I'm going to take some more money off the table and raise cash today. Also, I'm THIS close to cashing out one of my IRAs, penalties and taxes be damned.

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  4. Gold getting ripped again. Miners should be blood red at the open. Shorting the miners has been the easiest trade the last 6 months. Too bad I'm on the wrong end of that trade. Good luck guys. Not going the watch the carnage today!!!

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  5. it does seem gold is at a critical point. I wonder if it holds this level again or will it be the breakdown to a lower low. hopefully this is the last retest of this level, and gold finally reverses and confirms a bottem

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  6. dang, gold breaking down hard now. I wonder what news will come out relating to "unwanted" yellow metal

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  7. Shocking takedown this AM....as far as the "bottom" price....I've said before that popping through 1500 would be ideal an would not last long with a hard reversal off THE bottom....It could be a very hard and long Tail on the Monthly candle marking the end of our agony.....hehehehehe....sorry but ya have to laugh at the absurdity.....just look at RIC and its "Key statistics".....revenue debt PE etc..........I'm accumulating physical and hoping Silver sees 24 then 22

    ReplyDelete
    Replies
    1. Bottom line the "Illusion" is dying.....retail sales today are a disaster and we are collapsing....its right in front of you. Any talk of removing monetary policy is absurd....this all ends badly and as "real" sales continue to collapse as we enter the final cycles of the overall 120year supercycle debt collapse things will turn very ugly for geopolitics and social unrest will accelerate....gl

      Delete
  8. http://blogdogcicle.blogspot.com/2013/04/the-rothschild-family-puppet-masters.html

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  9. My concern is that gold goes lower.
    I had read on Trader Dan's site that losing the 1535 level could trigger significant selling. It is interesting that gold fell to 1530, and now quickly bounced to 1535 & holding so far.
    Gold is a falling knife right now.
    Yes, I suspect there is a difference between the paper & bullion price. But still, gold could fall lower.

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    Replies
    1. At some point, availability of the physical metal will dry up. The paper price won't matter then.

      Delete
    2. You are SUPPOSED to believe it is going MUCH LOWER...Goldman told you that this week. This is a trap being set for the hedge momo money that is piling on the short bus. We are about to see a massive squeeze on them by the Central banker's hedgees/traders....remember...they may be killing the paper price of gold but there are two sides to the trade and they will crush the shorts that stayed on too long...The real battle that ultimately determines the power is the bullion ....and it is the limiting factor.....I have my fingers crossed they rip it down....

      Delete
  10. Kli
    Is that right, every central bank in the world besides Cuba's Iran's and N Korea 's is controlled by the Rothschilds? it would make the last ten year's of geopolitics much more comprehensible.

    ReplyDelete
    Replies
    1. directly and indirectly controlled....YES

      Delete
  11. I am starting to wonder if there will be any meat left on the bones of the miners.

    ReplyDelete
    Replies
    1. go in and look at the key statistics on many of them.....very enlightening

      Delete
  12. Gold just hit 1520.....hmmmmmm....now there's blood....

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  13. Total and complete slaughter...

    Gold
    1,532.00
    -32.90
    -2.10%

    A lot of stop orders are getting filled today.

    I wonder if it'll hit the 1525 resistance?



    ReplyDelete
    Replies
    1. Dear Lord...

      As I was typing my last comment, it went from 1532 to 1512 in a minute or so.

      Delete
  14. Now down to 1512....hehehehe.....SELL SELL SELL

    ReplyDelete
    Replies
    1. kli: Ya think are some champagne glasses being handed out in the Goldman offices right about now?

      Delete
    2. Jay......its nothing but a simple executed plan that has been done over and over in time.......just watch below vid....same plan

      http://blogdogcicle.blogspot.com/2013/04/the-rothschild-family-puppet-masters.html

      Delete
  15. Please sell it! Drop it down lower, I will be out buying up more phyzz this weekend. I have plenty of paper to spend. Looks like we go sub 1500 today sometime! Now this is blood on the streets!

    ReplyDelete
    Replies
    1. Rudy if they do sub it buy buy buy the PHYSICAL

      Delete
  16. I don't think I've ever seen gold lose this much in a day.

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  17. 1508 now!!!

    Anyone know the next resistance level?

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  18. hopefully this is the bottem. the last selling frenzy.

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  19. Holy sh*t! This collapse is gaining steam...maybe we see $1,470 today? I'm firing a bullet at it below $1,500, but afraid to buy too much at once at this point. Be careful what you wish for eh Kli!?

    ReplyDelete
    Replies
    1. no way sammy.....this is EXACTLY what I have wanted to see....today may even be the bottom.....it is a friday too

      Delete
    2. You my friend are one crazy SOB lol! You are one of VERY few people that can defy normal human behavior and instincts and see things as they really are...not panic and sell. I'll try to catch this falling knife, what's the difference, I'm already bleeding!

      Delete
  20. Carotid arteries and Femoral arteries now severed in the trade.....blood flowing like a river.....hehehhehehe Joe is laughing his ass off.....I'm sure there is an Email waiting for me today

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  21. interesting Silver NOT breaking 26...shit

    ReplyDelete
    Replies
    1. Wonder if I should buy some GLD puts? They want 1500 bad.

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    2. hmmmmm dunno Jay....risk/reward?????

      Delete
  22. Lordy, Lordy - I suspect if we see Armstrong's "support" between now and 2015 in Gold, the correlation between paper and physical will be long gone. Not sure he doesn't work for the Govt in some capacity, but he may be right about the next two years. Do have some extra cash, so I can advantage of lower prices.

    You know, for me at least, the pain of owning miners/physical over the past two years has subsided substantially. Now, I simply watch the price action, laugh, and buy more, LMAO.

    Good luck to everyone:) JD

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  23. I might go to the coin store this weekend. Check prices. How much over spot will it be??

    ReplyDelete
    Replies
    1. Surprisingly the coin shop I use is only 55 over spot on gold 10z

      Delete
  24. if this is the bottem, a wicked reversal should be in the cards. I am just wondering what level the "buy" algo's kick in at.

    ReplyDelete
    Replies
    1. Agree ....they are set up for a huge squeeze

      Delete
  25. Look at oil today down 3 bucks already! Everything is falling except this market, when this its does, holy crap! It will not be pretty and last in will learn the same lesson they learned in 2008. The retail money will never go back into markets for generations!

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  26. 1493 as I type this.

    Shoulda bought those GLD puts a few minutes ago.

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  27. In all seriousness... How much lower will they take this today?

    Does Goldman know something? Is Ben about to make a big announcement?

    ReplyDelete
  28. From ZH:

    "First Bitcoin, Now Gold: All Alterantive Currencies Must Be Crushed

    Gold prices just entered a bear market. Down 21% from their mid-2011 highs. Today's drop is the largest since 2/29/12 - LTRO2 and takes the price of the barbarous relic back to July 2011 lows. Silver is also seeing its biggest down-day since LTRO2 as it tests 2012 lows. Must. Destroy. All alternative currencies. ..."

    http://www.zerohedge.com/news/2013-04-12/first-bitcoin-now-gold-all-alterantive-currencies-must-be-crushed

    JD.

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  29. if anyone was wondering, it's my blood(and cash) that is flowing in the streets. hehe.

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  30. rudemood, I cant even look at my accounts because it is so sad. I add where I can. I looking to start a position in MUX next. All I can do is hold my nose and buy. At some point we will look back and wonder why we did not buy more!

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  31. damn....had to make my accumulation order now I may have a little drive ahead of me today

    ReplyDelete
    Replies
    1. You can check the gold price on your smart phone.

      But try not to drive off the road if you see 1470.

      Delete
  32. http://www.zerohedge.com/news/2013-04-12/japanese-bonds-vs-gold-why-commodities-are-selling

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  33. this has been a brutal 3 months. my basket of miners have dropped 50% during that time. I don't look anymore. too late to sell, I have 2 choices. hold or hold and buy more. my only fear now , is if some of my miners go under.

    disclosure: my major miner positions are EGO, SSRI, KGC, and SVM. a true basket of horrors!!! hehe

    ReplyDelete
    Replies
    1. I no longer consider it a basket any longer its more like a lead balloon...... hehehehe. At least I got out of PAL with something and into something that jingles :)

      Delete
  34. Wow this is crazy! Hope they keep it here for a couple of weeks..... Freaking paperwork holding up my fiat..... Annuity's Suck!

    BTW: Love the post today "Uncle Fester" how appropriate LOL! I bet ole Beckey was doing a little more than listening on the plane ride..... hehehe

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  35. I will say, and maybe I am being foolishly optimistic, but today feels like a capitulation final selloff. atleast I can dream, right?

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  36. Looks like they have their eye on breaking 1400...If they do...then I'll use my last fiat buy that day.....

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  37. Just checked my mail....can't print Joe's first line but here is the rest..... Hold on and do not panic, my numbers are getting close especially what I mentioned for low on GDX, and GDXJ for bottom.
    Action is great. Make sure to tell people in your blog to hold on and not puke their shares, patience, patience and NO EMOTION. Next week will be interesting, I will see in level 4 when trap is set and time is not an issue either, whether next week or not, you will know when you see reversal.

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  38. Not sure about how "soon", but do agree with the gist of the comment by semperfi over at zh:

    "All you that are in disbelief understand this one thing: The whole Western System is one big crime syndicate now - govts, banks, wall-street, media, regulatory bodies, etc. Their empire is being threatened and is dying and so they have declared war on their enemies/alternatives as a last-ditch effort to save it. You always fight the hardest when you are about to be killed - and this is exactly what is going on now - we are witnessing big history here - the entire Western monetary-financial-governmental system in its death throes. To be overwhelmed and overcome, conquered by the new Eastern system about to be born.

    The criminals have to bail out of their massive naked shorts in silver & gold and the only way to do that and survive is to, by all means, all desparate means, drive the price down. This only hastens the removal of physical from all inventories. When that happens we will have The Big Kahuna Singularity Event. And it will arrive very soon.

    Popcorn time."

    ReplyDelete
    Replies
    1. good one JD....missed it thanx....Joe is in heaven with this

      Delete
  39. I checked Junk Silver on Gainesvill an hour ago and it was 3.39 OVER spot.......unbelievable..I used to buy it below spot

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  40. Here we go - excellent scapegoat for the selloff:

    "Mario Draghi Orders Cyprus To Sell Gold To Cover Bailout "Shortfall"

    As was noted two days ago (so certainly not the news catalyst for today's gold sell off as some are trying to make it appear) as part of its bailout expansion by 35%, Cyprus announced, then refuted, then re-admitted, it would need to fund a portion of the incremental €7 billion in cash demands by selling €400 million, or nearly all 13.9 tons, of its central bank gold. Today, we learn that this demand came from none other than the head of the ECB Mario Draghi. Bloomberg reports: "European Central Bank President Mario Draghi said the profits of any gold sales by the Cypriot central bank must be used to cover losses it may sustain from emergency loans to Cypriot commercial banks."

    http://www.zerohedge.com/news/2013-04-12/mario-draghi-orders-cyprus-sell-gold-cover-bailout-shortfall

    JD

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    Replies
    1. Yup.....total bullshit...Cyprus had NO GOLD......it was all rehypothecated by the bullion banks that "stored" it......just an excuse is all that is

      Delete
  41. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/12_Maguire_-_Over_500_Tons_Of_Paper_Gold_Sold_In_Takedown.html

    ReplyDelete
  42. Maybe all those talking heads on CNBC that have made a full time job out trashing Gold were right?

    ReplyDelete
    Replies
    1. Could be Jay...hehehehe....just one problem.....most of these CNBC talking heads were pumping gold and silver a year and a half ago and all the way up until the last few months...inluding Cramer and Jon Najarian.......TODAY...Jon Najarian is now totally a bear......these guys are operatives and GS looks very good on their call.....lets see how they look on it in 3 months......and in a year

      Delete
  43. Gold falls into bear market after rising for 12 years (via @Reuters)

    http://yhoo.it/ZQlenp

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  44. Goldman and JPM both had 2000 dollar calls in 2011 for gold but NOW they are bearish.....hmmmmmmmm.....they had the shorts on the metal and were calling for 2k...go figure

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  45. Down about 63 dollars so far. I remember what that commentator said on the Financial Sense radio show. He wanted to see a $100 drop in 1 day, or $100 over two consecutive days. So, perhaps more blood yet to go.
    Also, when those guys on CNBC really start trashing gold in unison or a business magazine will have Gold on its cover--trashing it. Then time to buy.
    I'm still going to price some coins.

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  46. The drop today is too well orchestrated and controlled to be capitulation...imo. In a matter of a few hours they basically ripped the price down to $1500 and just let it sit there, right where they want it. No reversal, very little volitality...after the initial drop of course. I think there's more to go, but I'll accumulate physical bullion slowly meanwhile.

    ReplyDelete
  47. I posted this a ways back and mentioned that pf charts are the best in class this last 12 months...
    Take a look and comment...
    http://s11.postimg.org/oqst0pxrn/Silver_pf_chart_yesterday.jpg

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  48. I'm guessing Cyprus has agreed to sell it's gold for today's closing price.

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  49. I just got back from lunch and saw the current price. They are attacking again!!!!

    1486 as I type this!!!

    Longs seen jumping out of windows.

    ReplyDelete
    Replies
    1. I don't think so Jay.....My guess is most bullion traders are licking their lips and hoping that next week is more of the same

      Delete
  50. down 80......yikes.....this could be a bluelight special next week on aisle 9

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  51. This isn't a leaf shaking. This is a branch clipping.

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  52. I was wondering why the put options on GLD weeklys went from 3700% to 6550% in just a few minutes.

    Oh God why didn't I gamble this morning.

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  53. I am expecting a massive buy of physical next week with prices in this range the question is do they leave the paper price down in the face of the physical buying.....and for how long and how much premium on physical begins to enter the market. Today at Gainesville it was over 100$ on one oz bullion coins

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  54. I like to look at the weekly options on days like today.

    Imagine coming in to the office this morning with some near worthless puts at the GLD 147 level.

    This morning when I checked, it was 700% which is a nice gain for any trade...

    But now look...

    147.00
    April 12, 2013
    32,900.00%

    I wonder how many bottles of Cristal have been delivered to the Goldman offices?

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  55. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/12_Former_US_Treasury_Official_-_Fed_Orchestrated_Smash_In_Gold.html

    ReplyDelete
  56. Tulving sold out of Junk, and paying $1.50 - $1.80 on the buy side. Although very large portion of NW tied up in gold/silver/cef/miners - I hope gold falls $300 on Monday:)

    Before the collapse, gold will have $500+ daily swings - you want to be in before then:)

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  57. BTW, I suspect this beatdown won't be finished until margins are raised multiple times on consecutive days - you know, because of the volatility, LMAO! I can't hardly wait until there is no margin allowed - then the sh!t get real:)

    ReplyDelete
    Replies
    1. great shit jd.....I'm afraid i could make 3000% on my self directed SEP but they'll get it anyway so bring it on.....I'll take the physical silver and gold buy if they do it.

      Delete
  58. Wow that was brutal but I checked and my metals are just as shiny as they were yesterday ;)

    I still don't think this is over... I have no reasonings behind this but just a gut feel. We probably get a decent bounce but then more downside. Be happy! Seriously... this chit is a blue light special.

    ReplyDelete
  59. I called a local coin store here. Guy said busiest and most volatile day ever in their history. They want 6% over spot for gold. They only sell Monday thru Friday 9-5 which makes it tough for me.

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    Replies
    1. my prediction was for them to take it through 1500 with a sharp and quick spike.....I hope I'm wrong.....I'm like you Doc...my bigger physical buys of gold require about 24 hours to maneuver

      Delete
  60. The paper crash is over when they say its over Hubz....just hope they give me one last bullion buy

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  61. KLI: Do you think this is intended to get the few remaining retails out of the game? Then they are going to rocket it up?

    ReplyDelete
    Replies
    1. Could be a number of factors that come into play.. I don't think the Fed gives a shit about retail traders.....but the trading houses do... The Fed wants the headline price of gold kept "under control" as it keeps the dollar as the "reserve currency" maintaining the illusion its holding its value as they print TRILLIONS of it.....gold ripping higher will put a real crimp in the "value" of the USD as they simultaneously counterfeit it.....also what is happening behind the scenes with bullion....not only are the BRICKS central banks buying heavy but WHAT ARE WE DOING...WE meaning our Central banks....hehehheheheheh...they know the end game too and GLD is being plundered......selling paper gold and holding the price down gives them even more of the bullion.....when the music stops and it will soon.....Your sovereign gold better be inside of your borders......The miners are paper and that is purely under their control....they'll bring it up eventually and when they do it will be a massive move. Stay tuned this game is just starting its danger phase. The "headline" price of gold is to be attacked now by the media over the next week.....and then if it starts moving up heavily it will be dismissed as just a deadcat bounce.

      Delete
  62. Here's one thing. As the price of gold continues lower, and comes close to what costs these miners to mine an ounce of gold ($1200? $1300?), what happens to the miners? They'll have to shut them down, right?

    In any event, it takes balls of steel to stay in the miner trade, and good luck to all who are still buying. I'd rather buy physical instead of paper, because as you have said yourself Kli, some of these miners are going to zero.

    ReplyDelete
    Replies
    1. YUP!!! absolutely possible and not beyond the PTB to do......but I've played these games way too many times to get pushed out of this trade with what lays ahead.....IF I didn't have to be in some paper I would ONLY be in physical.....but for a paper equity trade I'll take my chances

      Delete
    2. budfox: I was thinking the same exact thing today. Many miners are already near 52 week lows. With a sudden plunge into the 1300's, how many of these miners can survive?

      Or perhaps the bigger question should be. Who will take control of the miners?

      Delete
    3. 52 week lows? try 5 year low for many miners. . I think you are being overly optimistic. hehe. ( If this post reads as being nasty, it's not, I am being sarcastic)

      Delete
  63. also don't dismiss the battle at the COMEX in the silver pits.....some big specs are taking on the JPM short position and that is a titanic battle.....it almost has to be Hedge fronts from asia...so watch that the next few days.

    ReplyDelete
  64. Can I stick my head out of my rabbit hole now? Is it over? I call my PM dealer he spot plus 125 on gold!
    I have no miners just the hard stuff. GL All
    Matt

    ReplyDelete
  65. kli,

    if the PTB forces gold prices much lower, what is going to stop the Chinese and Russians from buying it hand over fist? and if they are already buying it hand over fist, how can the price get much lower, unless the PTB sells there own gold. what I am trying to say, if gold prices are truely being manipulated, the entities that are manipulating the prices would have to be selling there own gold. that doesn't make sense, unless the gold being dumped on the market was the Libyan , Cyprus or Iraq gold.

    ReplyDelete
  66. if all of the "big powerful entities" want the gold, who the heck is selling it? Russia and china are buying, but who are the sellers?

    ReplyDelete
    Replies
    1. rude...its all well documented....do your research....google GATA NO ONE Sells massive gold contracts in thinly traded after markets....no one dumps 500 tons like they did today.....its naked paper shorts.....and don't think for one moment Russia and China aren't "assisting" in a number of ways......its ALL about physical

      Delete
    2. I can understand that western central banks are flooding the market with imaginary gold without actual delivery of physical gold. I assume that helps suppress gold prices. but if china and Russia are buying huge quantities of gold, I would imagine that they would want physical gold in there possession. if china and Russia want there physical gold, then western central banks would have to hand it over. if western central banks didnt have the physical gold to deliver, then I would imagine the scheme would end rather quickly. is it possible that the Chinese and Russian govts that are buying the gold arent getting full delivery of the physical gold? and if that's the case, are they then being compensated in other ways by the western central banks? if I am way off on my thinking, I plead ignorance, because this is very complicated for me to comprehend.

      Delete
    3. Rude your questions are excellent....read this from and hour ago from a guy right at the London bullion bank

      http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/12_Maguire_-_There_Is_Absolutely_No_Physical_Gold_For_Sale.html

      Delete
    4. i just read the article. i guess the eastern part of the world still likes that yellow metal, and wants it in there hands. i imagine they are saying thank you. lets see if gold has a bounce in 2 or 3 days as the article expects. honestly, i havent enjoyed playing the "gold" casino game. i feel like i have been crushed like a bug. hehe. now i am starting to understand why owning physical gold is the way to go. paper could be turned into toilet paper in an instant. thanks.

      Delete
  67. Where is all the physical from comex storage and the gld going? This is getting very interesting. Good comments about mining cost, could cause some marginal miners to close but ultimately mine closings are very bullish for gold price. I don't see gold price staying under cost for very long. All the moves in the market(gold smash, Japanese announcement ect. smacks of "hail Mary" attempts of central banks. Looking desperate too me.

    ReplyDelete
    Replies
    1. I think they are going to pull a boomerang on the comex to try and save it......I'm not good enough to tell if it will work but I think they are going long and trying to squeeze the new comex shorts.....it should get very volatile

      Delete
  68. Budfox Joe sent you an answer to your question

    Rob Mcewen who built GG from the ground in 1990 and currently runs MUX already has a strategy for that just like 1990s and that's nt shuting down mines but withhld the Gold/Silver mined in the vaults till prices go back up, here is what he said:
    "In regards to whether or not his company will begin to withhold silver bullion from the market in the future, Mr. McEwen said, “It depends on how much you’re making and you’re ability to hold back…When I was running Goldcorp in 2001, we started withholding some of our production. We started off withholding 10% of our production…We [then] increased our holdings to be holding back 30% of our production. At one time we had more gold in our vaults, than 50 of the 114 Central Banks that held gold. If you believe that the price is going higher—than why wouldn’t you hold some of your gold and silver for a future date“

    ReplyDelete
  69. kili, what did Joe mean when he said "I will see in level 4 when trap is set and time is not an issue either, whether next week or not, you will know when you see reversal."
    Thanks for all your great work on this blog much appreciated

    ReplyDelete
    Replies
    1. Joe has a level four trading platform that let's him see what the hedge traders see

      Delete
  70. Kli, thanks for clarifying, and that would be the sensible thing to do, but would their shares take a beating in that scenario, if they hold back production? Either way, the paper trade is not for the faint of heart.

    The interview with Paul Craig Roberts is a good one, and he's a pretty astute guy. He explains the reasons behind today's smackdown pretty well, I think.

    Unfortunately, I think there's more downside left here. Worst case scenario is that gold/silver are the canary in the coal mine, and they are just ahead of the upcoming crash, and the markets will catch-up eventually (3-6 months)? I think that's how 2008 played out, and this time around, it could much worse.


    ReplyDelete
  71. This is what they are teaching our kids these days?

    "Florida teacher tells fourth-graders to give up constitutional rights, report says


    Read more: http://www.foxnews.com/us/2013/04/13/report-florida-teacher-tells-fourth-graders-to-give-up-constitutional-rights/#ixzz2QLbGJpsO

    ReplyDelete
  72. hey all.
    just got back from my coin dealer
    I ask about monster box buys..

    they said they are sold out...

    I asked what was the price to be available...

    they said the same price I paid a few weeks ago..

    if you want to buy one or two oz's maybe

    if you want to buy a large buy....they are sold out...

    ReplyDelete
  73. hey all.

    Monday is 4-15-2013

    tax day......I have to right the big check to congress..IRS

    so I will be in a foul mood

    ReplyDelete
  74. Is this the future of America?


    Drones to monitor Oregon potatoes


    http://www.komonews.com/news/local/Drones-to-monitor-Oregon-potatoes-202849881.html

    ReplyDelete
  75. Junk silver is now $4.99 over spot at Gainesville Coins for the $1,000 FV bag. JD

    ReplyDelete
    Replies
    1. tells ya everything ya need to know

      Delete
  76. http://jessescrossroadscafe.blogspot.com/

    ReplyDelete
  77. Wow this is really ugly. I was checking out Trader Dan's Blog. These guys are crying right now. They have been wiped out in
    the metals market. They are calling for Jim Sinclair s head. I guess Monty Guild investments, his call is to get of of the metals?
    Trader Dan is about as down beat and Lost as I have seen him. There is a lot of damage down here. I see two things happening .

    1. Is the Fed was worried that things were going out of control with the Bitcoin and the Metals and they want everyone into paper and the stock market so they destroyed these markets.

    2. There is a huge financial collapse that is here coming right now. Bigger than 08 and the big boys are going to cash on the metals first.

    3. We are headed in to WW3 And this is the beat down before that happens.

    But Friday hurt a lot of people very badly. Could it be that TA is dead? Wow. I think we can wash out more here on the metals with what is in people's minds right now. Monday will interesting. I think we get a pull back early and then lift off that in gold. But that might only last a short time. There is going to be pain.
    Matt

    ReplyDelete
    Replies
    1. Sorta all of the above plus nature's fury.
      Everyone has been warned about playing the rigged paper casino, no crying allowed if you played.

      Delete
    2. Paper is Vapor......have to admit I never believed they would give this type of opportunity to physical accumulation. Silver especially is a gift....hope those of you that have not participated in the physical market take advantage. NOTE!!!! as the price drifts down in silver the premium drifts up.....I'm paying almost what I paid two weeks ago for silver bullion coins.....and I suspect if the price goes lower the premium will rise.....Tulv and Apmex are Paying 1.50 OVER spot to BUY junk silver....This cannot last much longer....sumthin's gonna give and I hope its a last washout but you may not get that last big silver buy at 20.... Miners are completely washed out....not much more to go there. gl

      Delete
    3. Speaking of nature Red.......look what nature just did to a Cabal owned mine...this is no little deal...payback is a bitch

      http://silverdoctors.com/10-of-us-annual-silver-supply-just-vaporized/

      Delete
  78. Hello everyone,

    I listened to some of the Financial Sense radio show. There were some comments on Gold (none for Silver).

    Basically, they feel the 1483 level for gold will NOT hold. The next major support levels are 1400, and then 1315. 1315 is the level in 9/2010 when QE2 was launched. Despite the chance of falling further, they advise NOT to sell your positions. They feel this washout is necessary with "a couple more Puking events". Once the washout is done, Gold will go back up.

    They describe some of the selling coming from mutual funds that now must sell their positions due to clients moving their money out of the metals. This type of selling will continue. As the price falls, short positions will be covered. Despite all the money printing, money velocity is still poor, but they feel that this is slowly changing. As money velocity picks up, gold will go higher. They believe that banks will be willing to lend (to people) again soon. This will increase velocity.

    They gave a nice description about how Central Banks lend their Gold to Bullion banks that then sell the Gold. Bullion banks are only charged a small interest rate such as 40 basis points to borrow the gold. Once they sell the gold, the bullion banks can then buy things that pay a better interest. Thus they can make money on the spread. Selling the Gold keeps the price of Gold down. They believe that the Central Banks have loaned out 1/3-1/2 of their Gold. At some point, this lending will stop and Central Banks will try to buy back their Gold. They mentioned that the Swiss at some point may buy back 1000 tons. They also mentioned that ABN-Amro is NOT giving their clients back PM, but instead giving them cash. This could be because ABN-Amro doesn't have any Gold to give back. So, Financial Sense admits there is a Physical shortage. They admit that the same bar of gold has been loaned multiple times. If you don't physically hold your Gold, then you might not really have any, and just get paid back with cash.

    So, in summary, further selling of Gold, but at some point, bank lending will pick up--thus increasing money velocity. The lending of Gold by the Central banks will diminish, and thus the driving down of the price will stop. Then, Gold can resume its rise.

    ReplyDelete
    Replies
    1. Only problem is there is not much physical bullion left in Western Central banks. One reason the Germans want their physical back but will not see it.

      Delete
    2. First of all Doc...they don't have a clue how much gold the Central Banks have loaned out....the Central banks may have loaned out 5-10 times the amount "they have" and of course the bullion banks are in the same scam.....but lets say their estimate is right and the Western Central banks have only "loaned" out 1/2 of their gold......"WHO" do you think is going to sell them thousands of tons of gold to "make up" what they lost......all accounts of people on the ground show the buying is much greater than selling of actual bullion......This system is a ponzi and the buyers of bullion know it......they are buying actual bullion to HOLD not sell....confiscation is the only way they are getting bullion now and will be the only way that any Western Central bank will get it in the future....and that is very problematic....one thing is certain their will be a mad scramble for bullion

      Delete
    3. Financial Sense is assuming they are trading some actual bullion between themselves......That is highly unlikely and more likely is its all paper multiples of extremes.....be prepared when it blows.

      Delete
  79. One guy who does not get mentioned around here is Bob Hoye. I recommend that everyone track down some of his thoughts on gold and gold miners. He is a guy who has done an exhaustive historical study of markets back hundreds of years. In periods after a big asset bubble blows out (2008) the real price of gold rises and this improves mining profits. The real price of gold moves inversely to the credit and business cycle, as business and credit conditions improve (2009-1023) real price of gold declines. A rising real price of gold signals weakening business and credit conditions(think summer 2007 and spring 2013). This trend will be repeated several times over the next 15-20 years as gold mining becomes one of the most profitable areas of business.So long trend of rising real price of gold and mining profitability within normal business cycle. Have not done his views justice but hopefully you get the picture. His analysis I think is well grounded in historical analysis and is non hysterical. Doesn't mean he will be right but I take comfort in being in line with multiple credit contactions over several hundred years and under multiple kinds of monetary systems(gold standards, central banks/no central backs, senior currency sterling/dollar).

    ReplyDelete
  80. gainesvillecoins.com

    2013 1 oz American Gold Eagle

    1 - 10 $1,547.99

    2013 1 oz Gold Canadian Maple Leaf

    1 - 10 $1,518.99

    1 oz South African Gold Krugerrand - Random Dates

    1 - 9 $1,521.99

    this is a bank wire..price



    looking...paladin

    ReplyDelete
  81. gold eagles with a 150+ prem.....ughhhhh

    ReplyDelete
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