Monday, May 27, 2013

GOLD MINER'S LAST STAND

The strain on the precious metal's trader is taking its toll on sentiment. Bullish sentiment is at all time lows and only those that have a death wish seem to want to take on the bankers. Hedge fund managers have jumped on the banker band wagon and have built a large short position on the COMEX.....unfortunately the bankers are now net long indicating a blood bath for the hedgees may not be too far off. Whether one can stay solvent playing in the precious metals paper game with the bankers still remains to be seen. Many of the "true believers" in the miners have already been crushed...leaving the game to only the big money players, which of course was always the game the boyz  intended to create in this sector. More than likely a significant bullish move in miners is nearing.  Just remember this move will be signified by disbelief....even worse just as you accept finally that a significant bottom was put in....expect to have your guts ripped out with a wicked correction in the face of overwhelmingly bullish fundamentals (kinda like now).

We are facing one of the most distorted markets in history created by Fed intervention trying to hold together a system that is corrupt from top to bottom. If the equity market breaks into more than a 15% correction the entire system tied to the equity market will be at risk of collapse.....pensions and insurance swaps could collapse in a Tsunami of defaults in just a matter of days. THAT is the risk facing the rigged game. Meanwhile everyday that goes by just adds that much more malinvestment to a system that is desperately in need of real growth. Of course with a rigged system we can manipulate enough of the statistics to indicate that some type of "slow growth" is occurring a "slow economic recovery"....when actually we are just guaranteeing that ultimately NO real growth or recovery will occur. This can be easily seen by looking at the "denominator of DOOM"...the M2....its exponential growth mathematically ensures failure of the fiat ponzi printing game. "They" know this and they are making preparations for the eventuality of failure by preparing their asset allocation and geopolitical strategies. We can't do anything to contain this unless your patriotism involves the unusual combination of courage AND sacrifice....which brings me to this current holiday. What would the many soldiers, mothers, wives, and children who made the ultimate sacrifice defending the constitution think if they could see what happened their country today? Would they even recognize it? What would they think of politicians today making millions and millions while they're in office and even more from corporations AFTER the leave office? What would they think of 107 million Americans of working age that are unemployed and yet the OFFICIAL unemployment (U3) is at 7.5%??  What would they think of a politician like Lindsey Graham advocating endless wars in hell holes run by OUR own dictators? I wonder.





Scroll ahead to the Karen Hudes interview on IMF at about 35 min



26 comments:

  1. http://news.goldseek.com/SpeculativeInvestor/1369750500.php

    ReplyDelete
  2. To answer your questions, my serious relationship ended in 1966 with the death in Vietnam of the Lieutenant. That and all unnecessary wars of course haunt me. It is really hard to believe it has been nearly half a century.

    ReplyDelete
  3. Re: today's volatility--it's opex for the metals.

    ReplyDelete
  4. Thanks for your post Kli.

    ARNA breaking out today with above average volume.

    ReplyDelete
  5. 10-year at 2.13...it was 1.63 in early May. They have to let some air out of this bloated pig of a market imminently, create some fear, drive investors into treasuries. As Kli always says, wash rinse repeat lol

    ReplyDelete
    Replies
    1. 2.13 does discourage gold holdings.

      Delete
    2. tell that to the Indians and Chinese..hehhehe.....

      Delete
  6. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/28_Richard_Russell_-_Just_One_Example_Of_Massive_Gold_Demand.html

    ReplyDelete
  7. Apmex's lowest premiums on gold coins now 16%.

    ReplyDelete
  8. I own 3 small positons in bond funds and today was a bloodbath in PCN. I have never seen a move like today...the 30*yr. was down 1.67% today as well. Rising int. rates would not be good for the pms? One would think not good for equities either but fundamentals haven't mattered for quite some time.

    ReplyDelete
  9. http://financialsurvivalnetwork.com/2013/05/ranting-andy-hoffman-the-cartel-has-gold-topped-at-1400/

    ReplyDelete
  10. Insightful, IMHO...http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/16_Top_UBS_Analyst_Predicts_Carnage_For_The_US_Dollar_%26_Equities.html

    ReplyDelete
  11. This comment has been removed by the author.

    ReplyDelete
  12. SSRI getting some love today.

    ReplyDelete
  13. You guys gotta check this...

    @ProTraderMike: $FNMA manipulation 101 - School in session http://t.co/bXzBIKE74s

    I don't remember ever seeing candlesticks like that. The stock market is such a joke these days.

    I don't know whether I should laugh or cry.

    ReplyDelete
  14. 10 minute summary.

    http://rt.com/shows/the-truthseeker/wall-street-monetary-fund-407/

    ReplyDelete
  15. http://www.brotherjohnf.com/archives/176575

    ReplyDelete
  16. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/29_Embry_-_Physical_Gold_%26_Silver_Now_In_Shocking_Short_Supply.html

    ReplyDelete
  17. I believe it. My order from May 1st still has not shipped yet. I am afraid to put in another order because it is taking so long to receive silver.

    ReplyDelete
  18. I had three orders in the pipeline from Gainesville ....finally all three delivered...the final was yesterday

    ReplyDelete
  19. Brother John sooo depressing. At least the miners finally made a move today so it appears AH G. S**r** knows something. Gonna buy some more staples this week-end. GL everyone.

    ReplyDelete
  20. I'll probably jinx it by writing this, but I wonder if SVM may have finally bottomed. There is a double bottom at around 2.50, and it have been moving up nicely. Bullish cross on the MACD and lots of room to run on the RSI.

    ReplyDelete
  21. I see SSRI is above the 7.50 buy in

    this is 75% of my buy in.

    LOL....LOL....LOL..

    I will let it ride......I do not have any other place to go

    ReplyDelete
  22. Kil....
    the Grand Finale: part 1
    in your vid above...


    strange it is God Like Productions

    no that did not get past me....LOL

    paladin

    ReplyDelete