Thursday, April 4, 2013

WHEN YOU WRESTLE WITH PIGS....

You're gonna get dirty. Nothing could be more true as we play in the grand casino of the ponzi. If ever there was a fundamental case for precious medals....we've certainly had it laid out before us in ALL of its glory. But alas it was a trap that was set for the emotion of greed. Rather than take the obvious safer and smart bet of buying physical gold many in the PM trade felt that we could trade against the trend even after the casino was able to break important supports and trend lines in our miners. Hope and greed, emotions used by the masters of the casino to trap the retail money and slaughter the hapless lambs.

Breaking the morale of traders in what appeared to be a solid fundamental bet on the PM equities was always the target of the market makers and their bosses. How could one not see the bullish case for precious metals with money being printed by the Trillions around the world. With the collapse of the rule of law and literally the SACRED TRUST in Banking (see MFG, Cypress etc) one could see the rocket ship of gold and silver take off into the stratosphere. I cannot say that I expected this long or severe a beatdown to the miners but I was warned AND I prepared myself months ago for just such an event.

I assumed that ANY paper was a liability and to be used only for what it is intended......as a vehicle for the easy/legal transfer of real assets/real money eg. gold, silver. As more brilliant traders than I have repeatedly "its very difficult to time markets". You may succeed many times but more than likely your are going to be burned. That is why I never have played leverage in this market. The market is designed to TAKE your money. I have to believe VERY strongly in a trade to hang on if I'm caught too far on one side of a trade and the PM trade was an easy target for the corrupt oligarchs. You may argue the reasons they are destroying the miners but its not that important really. I have no interest in selling my shares. If I did sell it sure as hell would not be to have more "fiat". We're in the endgame and its closing down fast on us. Bragdaccio proclaiming the Fed dominance and supposed omnipotence may give you solace but there are rules that cannot be broken and they are Laws of Nature. Violating those laws will earn you the wrath of nature and unfortunately all of us are in that path right now so even if my PM trade becomes successful I will most likely lose much more than "wealth" in the end.....I consider my Freedom, my morals, and my children's future in a fascist country much more tragic..... gl to those of you that believe in the tooth fairy......you're going to need luck.


Years later, reflecting on the major banks’ control in Washington, President Franklin Roosevelt paid this indirect praise to his distant predecessor President Andrew Jackson, who had “killed” the 2nd Bank of the US (an earlier type of the Federal Reserve System). After Jackson’s administration the bankers’ influence was gradually restored and increased, culminating in the passage of the Federal Reserve Act of 1913. Roosevelt knew this history.
The real truth of the matter is,as you and I know, that a financial
element in the large centers has owned the government ever since
the days of Andrew Jackson… -Franklin D. Roosevelt 
(in a letter to Colonel House, dated November 21, 1933)
http://watch.bnn.ca/business-day/business-day-am-april-2013/business-day-am-april-8-2013/



43 comments:

  1. He He He..that's my pig...I've never been quite that lucky.

    Great work. So true. The PTB have held good control. Better than I would have ever thought possible.

    Kudos to them.

    If only it would work!!!


    Oh

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  2. is the miner trade completely dead then? it seems like some of the miners are near a complete breaking point. I am wondering if some miners soon go bankrupt.

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    1. I think the miner trade has been killed......but then Lazrus made it back and SOOOOOOOOOO will they......heheheheh gl rudemood.....but I'm in it for the long haul....its paper though and ultimately its vulnerable even if they wind up as ten baggers......The point is they are coming after paper....IN all forms......and HARD Assets if they can get them....watch the vid above

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  3. or, could a wicked reversal in gold be, oh so close. all I can say, the precious metal trade has been mind numbing for over a year. the last 3 months , it's been brutal for the paper trade. if the gold/silver mkt is truely manipulated, eventually something has to give. I find it almost hard to believe, that the PTB can control it for however long they want to. but then again, nothing surprises me at this point anymore. all I know, is my pee brain ain't no match for the market masters. in my opinion, Vegas is a lot more fun.

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    1. hang in there rude....they might let you get out with your balls intact......then again

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    2. hehe, thanks, time will tell. as a side note, i still find it interesting that the USA could have such a robust housing recovery, without any demand for copper. for that matter, no demand for aluminum, steel ect.. if the recovery is so rubust, one would think demand for any of those commiditites would increase. but then again, what do i know.

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  4. Lately, I've come around to thinking that they are not only playing in the paper market but dumping metals in the physical market and buying back after the price has dipped. With an unlimited supply of fiat, why can't they absorb losses in te physical market, if that what it takes to keep the price down while supply does dry up?

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  5. monster miss on a rigged number.....now you know....cliff time

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  6. Kli

    If capital controls are put in place, like those in Cyprus, where your access to cash is limited. Will people still be expected to pay credit card, mortgages and other bills, that are usually done by check, electronic transfer etc?

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  7. Here's a pig. Who slipped the rider into the Ag Bill protecting Monsanto?

    http://www.motherjones.com/tom-philpott/2013/04/sen-roy-blunt-monsantos-man-washington

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  8. You know I was thinking the exact same thing. What about small businesses. But, not to worry they won't do that right now tax time got to make sure the people who owe taxes pay first them you close the banks. That being said they wont have a bank holiday near June 15, Sept 15, or Jan 15. Estimated taxes are due those days. A manufacturing business like mine it would kill us pretty quick

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  9. Capital controls ARE already here and will become MORE prominent. I don't have time to give you the list but they are numerous. The more onerous Cypress like controls will be implemented during monetary collapse and YES it is a slippery slope but in full implosion many of these will be implemented. YES it has more negative impact on small businesses that do not have international banking connections.....but sure as they increase the unintended consequences will crush the little guy....guess what ....THEY don't give a shit about the "small business guy"......to them small business is anyone with less than a billion......so guess what ...as Carlin sain......YOU ARE NOT IN THE CLUB!

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  10. You may assume that a "barrage" of stimulus/QE "JAWBONING" from the Fed over the next few weeks....just watch.....everyday a new govenor will come out with a comment on monetary policy ......bottom line is they have QE to infinity already...so all they can do is jawbone now. They'll play the market in the new down trend (probably short term/long term) with intermediate term SQUEEZES......should be ugly.....long equities only buy and hold will be butchered......

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  11. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html

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  12. OK ....this is the last dead horse to beat.... Your system is broken and as I have repeatedly said monetary policy CANNOT AND WILL NOT fix a Major STRUCTURAL problem.....wishful thinking that we can live an illusion and that just restoring CONfidence will fix a myriad of social/structural ills is now entering reality. Today's number is not unexpected but to some of you doubters I hope you wake up and take notice. This is why Bernanke looked like he had just eaten a shit sandwich at the last hearings.....he has been given the news by his masters. Now they will begin a process hopefully slow......of taking your assets...property/taxation/confiscation. Cyprus was your tell. gl to you

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  13. Picked up some gold and silver last night. Glad I did, pick it up close to spot. Very lucky. Miners are still getting crushed but it makes perfect sense. You cannot let the masses now that they are printing like there is no tomorrow. They have to keep the game going as long as they can. But if you have been following this mess, you can see through the lies because you can feel it! Always go with your gut and GL!

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  14. Isn't this nice Guess you can see who in the club in Cyprus
    http://www.zerohedge.com/news/2013-04-05/investigators-hit-brick-wall-bank-cyprus-ceo-hard-drives-wiped

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  15. Yeah I already know they don't give a shit about by small business. Just listen to the Pres. All politicians make me want to throw up every time they speak. My main thought is they won't do it before those dates. They would do it just after to get the biggest bang for their buck. Get the estimated taxes and them confiscate more in the name of deficit reduction.

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  16. Great timing Rudy, congrats. Not sure what just happened...gold/silver spiking...watch for the slap down when London closes.

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  17. My my my... look at the ten year. Money continues to flow into the dollar and now it looks like metals are finally getting some too. Only a fool would be a bull here. Not that it's time to get bearish either as there is still a lot of money being pumped into the markets currently.

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  18. Honestly Sister, just got lucky! I saw the spike as well. Its starting to move!

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  20. Gold is surging today.

    Gold
    1,576.70
    24.30
    +1.57%

    Maybe KLI is right. They are in tree shaking mode right now.

    Wish I had got some physical at 1550. I was holding out for 1525. Now I've gotta wait on the sidelines again.



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  21. Check out this chart released by the Fed...

    Civilian Labor Force Participation Rate

    http://research.stlouisfed.org/fred2/series/CIVPART/

    It's not going up.

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  22. This is a massive short squeeze so who knows if it will hold? All I can see is plenty of volatility going forward. FWIW, ITMS Gareth saying gold will be $1200...I suppose anything is possible, I would think the dollar would have to have a massive boost for that to happen esp. with Japanese printing added to the West's printing.? Miners still pretty ridiculous with ANV-8%, HL, PPP and more down, SVM flat, SLW only +.07.

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  23. Here they come, lol:

    "Obama budget to take aim at wealthy IRAs"

    Read more: http://thehill.com/blogs/on-the-money/domestic-taxes/292071-obama-budget-to-target-wealthy-iras#ixzz2Pd1NkcWT

    Just remember how the definition of "wealthy" has a way of changing pretty dramatically, pretty quickly, LMAO! JD.

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    1. They can't touch our IRA's

      That's our money that we've worked hard for.

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    2. wrong Jay......they CAN and they WILL

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    3. Jay,

      It was against the European Constitution to scalp depositor's but they did..... Just look at what WE are allowing with the 2nd amendment.... Our Constitution is dead and we are ruled but "Elected" heheheh despots....... They spread have taken aim at private 401k & IRA's you just don't see it yet but it is coming and probally sooner than most think.

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  24. I opened the bunker door and smelled pigs.

    I am going back in the bunker.

    Cheap beer but good steak.

    out.

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  25. The real fun begins when the Offshore Emperor is revealed to have no clothes. Imagine what happens when 20-32 trillion attempt to leave digitally from BVI and friends and net fails, priceless.

    http://www.guardian.co.uk/uk/2013/apr/03/offshore-secrets-offshore-tax-haven

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    1. hmmmmm......seems as the tide goes out the internal strife rises

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    2. Only a certain amount of the Caribbean offshore deposits were placed into say US Treasuries of BOJ bonds, the rest was lent out to support Derivative Beast and Cabal banking interest (those ain't coming back as the SHTF). What do billionaires who don't have a bunker do?

      The hot money that is able to escape during the crisis will cause massive inflation in essentials, hard assets, and even some speculative ones like Bitcoin until someone steals their electronic wallet.

      It will be a nightmare for the FED to keep interest rates contained when confidence collapses. So elites are trying to engineer a controlled deflation environment to keep their members' imaginary virtual wealth parked offshore and ready to "buy" depressed assets after their managed carnage.

      Nature is a B!tch and spares neither pauper or prince.

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  26. looks like I dodge the big one

    I am out of my 401k's

    tax paid......LOL

    gl to all

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  27. You Must Act Now
    Posted April 6th, 2013 by Jim Sinclair

    http://www.jsmineset.com/2013/04/06/you-must-act-now/

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  28. Sinclair is short on answers in terms of what to do once you exit the system. Suppose I bite the bullet, pay the penalties, and close out my retirement accounts. Then what? Bank of Mattress is not really an option, you obviously don't want keep the money in a traditional bank with more than the insured amount. Can't put it all in metals, as putting all your eggs in one basket is foolish. So, what to do?

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    1. I think Sinclair is very consistent and has more experience in the system than you or I put together has with Wall Street.....and as far as answers NO ONE can give you answers... that depends on each persons individual situation....some may invest in bullion some may find other assets ...art...classic cars...farmland...rental real estate....."some" growth equities if the market tanks...energy equities....just remember they're paper and they are held in potential MF Globals.....You have to make your own decisions bud.....I still have my full retirement accounts but THAT is my worry......NOT whether the miners in them will go up but whether the system plunders the accounts...or the system itself collapses.....all ponzies eventually WILL collapse and this is all a ponzi......

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  29. Its easy all they have to do is mandate a percentage has to be in treasuries. That is the easy way to access the 20 trillion. Yeah they may confiscate it but why when you can mandate. And then the courts wont have to get involve. Nice and easy and kiss your ira goodbye

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  30. Money in the market is a target. IRA money in the market is a target. These pools will come under attack. Ya think we are so different than say Cyprus or Stockton? Best to be diversified in gold small coins..silver in small coins. a bunch of cash. Booze, rice, beans, water. salt, pepper. I differ a bit here and think tangible and barterable. Save your waste oil from oil changes..surely you do this your self. A generator. If nothing else a hedge against inflation or an earthquake. SEEDS! Do ya have seeds? I think they may be worth more than gold in weight.

    Back to the bunker, I need a drink.

    Out.

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  31. Hello everyone.
    I listened to the Financial Sense radio show & took some notes. Here are the highlights.

    1) Markets could selloff this April, but this would be a buying opportunity. "5-6% correction".
    2) A "four year cycle" low will occur 2014.
    3) Gold is in a 19 month consolidation and downtreading. Gold could bounce to 1600'ish, but then fall again and the "low @ 1539" will be taken out.
    4) The weekly and monthly candles for gold are bearish and this supports further weakness for gold. A fall to 1400 is possible.
    5) One commentator said don't buy gold until we get a "Maalox moment" (puking). He wants to see gold drop $100 in a single day or perhaps 1-2 days. He did not feel the gradual drop we are having is capitulation. He wants to see massive price drops--then buy.
    6) Once this massive gold price drop occurs, the shorts will use it to cover. Then, the price in gold stocks could rise quickly (30-40%). In this situation, gold stocks will do better than bullion.
    7) Even Faber (gold bug) advises no more the 20% in gold
    8) One commentator gave a long explaination on how the Algo's are able to keep pushing down the prices of the Juniors. Dummy companies being set up, lack of uptick rules, other manipulation just to keep hammering the Juniors lower. SEC does nothing if companies complain.
    9) There was talk about the currency exchange that was set up between China & Australia. The US has been abusing its reserve currency status which allows us to borrow hugh amounts of money at low interest. As more currency exchanges are set up away for the dollar, this will further debase the dollar.
    10) Metal mining costs have risen "10%" per year and have risen so much that $1500/oz gold does not cover the costs. Some mining companies were expecting gold to be @ $3000 already. Thus, they are hurting.
    11) HUI could fall to 2008 level.
    12) One commentator gave a long explanation that rising economies throughout the world are GOOD for gold. Thus, as the economies of the BRIC nations rise, so will gold. So, although gold is not doing well now, it eventually will.

    So, those are my notes. Let's see how this week goes.

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    1. very possible to see a 100 drop in gold if they can push it through 1520sh......like I've said before I'll buy physical and may contemplate putting a little money in an inactive taxable brokerage account in case they give a "puke" moment for the miners...that would be my leveraged bet to convert to bullion with the bounce....this is all manipulated so its possible but guess what.....the only thing that really matters to the real power is bullion and they are playing that game down to the wire.....

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    2. BTW I am not counting on them to give us the above ahhhaaaa moment.

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  32. Don't know anything about this writer, but he's reporting JPM has taken 1.2 Million oz. of gold out of Comex in the last 4 mos.: http://news.goldseek.com/GoldSeek/1365538557.php

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