Tuesday, June 25, 2013

FORCE MAJEURE

This is what will take the whole game back to a new reset. It has to. They need an "event".  I've noticed this term slipping into many articles recently. It refers to an unforeseen event or an act of nature.....something that could not have been prevented. Legally it is used to break contracts between two parties, essentially dissolving liability that would have occurred. Are you beginning to get the picture?  Just think what "two party" issues could be lurking out there with grave consequences for the financial powers that could be erased with an "act of God"......or at least an act of someone. A very large derivative boat is out there with counter-party risk that is mathematically impossible to resolve.......unless.....we have the "Force Majeure"..... 

Diabolical isn't it? We talk about nature's solution to the violation of her law, but did you ever consider that its this very type of "event" that could provide the cover for the legal disposition and reset of the entire ponzi.........poof!! We couldn't have seen it coming.....it hit us out of the blue......it had to be done to save the nation......how could such a disaster to our people have been stopped........etc etc.  There are multiple scenarios that could be on the horizon to trigger the sequence of cleansing mechanisms to reset the World's financial machine and it doesn't necessarily exclude the same Wizard operating behind the curtain continuing to be in charge of the ponzi. So you see, there is a method to the madness and for that matter the " paranoia" of many that follow this force of darkness that moves from century to century molding the proles into the empty vessels for their pleasure.

We will need something big. Really big. gl all





70 comments:

  1. Looks like gold and silver are once again in the crapper tonight. I have no comments on the train wreck known as the miner trade, other than to say get out. There's no reason to subject yourself to this carnage. Neither the miners nor physical are "going to da moon!", as the so-called gurus whom I called out in another thread continue to pump it after every price drop.

    I'm sitting on lots of cash and waiting for sub $1000 gold. I'm pretty sure it's going there, and there won't be any supply issues, either. And that's when I'll most likely make my first ever physical purchase. I'm staying away from silver, which could go to the low teens and stay there for years.

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  2. eventually the people at kimgworldnews will call a bottem. eventually they will be correct. all I know for the past year they have been a bunch of clowns. seems like the people that participated in the miner trade have been let to slaughter. I am one of them. officially I call it one of the worst trades I ever participated in. best of luck to everyone

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  3. That's what its supposed to look like......"the worst trade ever"....."get out now while you can". Personally I cannot blame you but this is such a corrupt, dangerous, place in time I think I will ride it out since I have NO WHERE else I feel better parking cash in. May be wrong but its the long run not today that worries me. As far as KWN......I've known most of these guys for years in the market and many are NOT goldbugs and never were. gl

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  4. I don't think anyone would argue that the miners are a "bad trade".....at least at this point in time they are a HORRIBLE trade. My macro view on the economy and our current state of affairs will continue to guide my investments. If you have a different macro outlook then of course being in gold and silver might be the wrong place to be. If Budfox tells me he buys gold at sub 1000 then he will get one million cheers from me and I may have a new hero....Guys like Richard Russell Jim Rogers Rickards Bass are much more experienced and savvy than I.......they aren't gold bugs and I think I'm in good company....gl

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  5. THIS worries me more

    http://blogdogcicle.blogspot.com/2013/06/all-personnel-withdrawn-from-russian.html

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    Replies
    1. "For he that fights and runs away, may live to fight another day, but he, who is in battle slain, can never rise and fight again." Goldsmith

      The personnel and equipment are very critical and can't be lost in an "accident" or "collateral damage".

      Holding off on any physical until around 12-13 for silver if its available. Gold physical accumulation is problematic for little people like me.

      Spare resources being considered to get the well working and a small greenhouse up.

      Delete
  6. Looks like the COMEX and Bullion Banks will be able to settle their "allocated gold" and deliveries in some very cheap "paper gold" prices.....hehehehehe......oh watta game

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  7. Unless there is war or a severe natural disaster, I believe the markets will go higher--significantly higher. Money will flow into equities, pushing the stock prices higher and add to the "Wealth Effect". Once there is enough "Wealth Effect", people will buy more stuff, thus keeping the economy going. I think Gold & Silver will stabilize and go up once there is enough "Wealth Effect" to keep the economy going. I don't think it will take "years".

    But, it all comes down to what you believe is truly real. Are we approaching the end of a debt supercycle or not? Will the dollar reserve currency status be lost in our lifetime? I think those will happen and you need to own physical objects that will help preserve your wealth. When to buy those is up to the individual.

    $1200 gold + $100 premium = $1300
    $1100 gold + $200 premium = $1300
    $1000 gold + $300 premium = $1300 Will something like this occur??

    Buy when others are fearful--someone said that once.

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    Replies
    1. Doc, in 2008 in September and October the Premiums on gold were atrocious and you couldn't even buy it at coin shops in many cases. BUT you could buy it...NOT sure about this go around but yes you probably are right. It could be even worse. I encourage you to watch the second half or all of the Celente interview above ..HE actually addresses what the post is about today and does it very well.......be careful all....BTW Doc...Celente in the second half hits to the heart of what I think they will do.

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  8. KLI: After the big "reset", will the same folks be at the top? If yes, will they be even more powerful than now?

    Also... How does it benefit the human race to have chaos and economic depression all over the world?

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    Replies
    1. Yes Jay....that is their plan to remain at the top. As far as the human race....they could care less about the human race and economic depression just resets the ponzi as far as they are concerned. Unless they miscalculate and overplay their hand in a nuclear exchange or bioweapon attack then they will be on top and that is the way I see it. Either way I will stick with assets that are tangible and hope that they don't overplay their hand.

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  9. These two headlines do not compute for me: "Economy in U.S. Grows Less Than Projected in First Quarter" and "Gold Heads for Biggest Quarterly Loss on Record"...

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    Replies
    1. And yet...

      S&P
      1,596.66
      +8.63
      +0.54%

      Delete
  10. Kyle Bass said "we know what comes next--war" in that last video I saw of him. Unfortunately, I don't see the sheeple ever really waking up as I have very intelligent friends who buy into the MSM entirely and they have been conditioned to look to the gov't. to "save" them. Totally agree with Celente's last thought no recovery without retrenchment as you have said over and over. If gold closes the week below 1233-1236 critical support, according to Armstrong look for a test of 939.50...ouch!

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  11. Gold just getting obliterated right now...

    Gold
    1,230.70
    -44.10
    -3.46%

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  12. Just to note, Phil Davis has always hated Gold, but he does like the miner ABX. He wrote that the price has now dropped to its 2002 level, and he has ABX in his "Income Portfolio".

    Once a sector gets trashed enough, it becomes attractive.

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  13. they found another shill telling us that gold is not safe...

    As for what's driving the plummet, MercBloc president Dan Dicker says it's all about Main Street coming to the sudden realization that there is no safety whatsoever in gold.


    http://finance.yahoo.com/blogs/breakout/gold-unsafe-price-dicker-135904756.html

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  14. the one bright side is it seems there r very little sellers left in the miners.

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  15. Now Yahoo started trashing silver too...

    This Metal Is Worse Than Gold

    http://finance.yahoo.com/blogs/talking-numbers/metal-worse-gold-171854851.html

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  16. Cramer: Why There Could Be Value in Gold

    I can't remember when the last time I saw KLI and Cramer on the same page. (Maybe never)

    http://finance.yahoo.com/blogs/talking-numbers/cramer-why-could-value-gold-173655650.html

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    Replies
    1. actually cramer has been fairly positive on gold for a couple of years....but he pushes GLD....so he's shilling

      Delete
  17. Actually, I agree with the silver assessment. It's a supply/demand issue, and its price will rise and fall depending on the economy. Any sheep who cashed out their retirement accounts to buy silver at $40 because Eric Sprott said was going to $100 plus deserves to get slaughtered. Having said that, I'm definitely looking to buy some once it hits the low teens.

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  18. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/26_Physical_Gold_Market_In_Disconnect_As_Premiums_Hit_Record.html

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  19. Good read: Steve Wozniak: Snowden ‘Is a Hero Because This Came From His Heart’


    http://www.thedailybeast.com/articles/2013/06/26/steve-wozniak-snowden-is-a-hero-because-this-came-from-his-heart.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thedailybeast%2Farticles+%28The+Daily+Beast+-+Latest+Articles%29

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  20. this will hurt your head...
    http://rt.com/usa/california-man-13-prison-banks-237/

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    1. and WHAT do you find so objectionable to this?....hehehhehehee.......we're done for Chuck....your concerns about the border is spot on.....its one of the ways they are going to put us into marshall law AND destroy the working class wages

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  21. I'm currently in the Middle East visiting an ailing parent. Couple of observations:

    The economy in this particular country is down dramatically year over year.

    Lots of deals getting done in currencies outside the US$.

    The gap between rich and poor widening dramatically, even compared to US.

    The intelligent folks here understand the scale of the situation and agree with many of our assessments. The general belief is that the current economic cycle will NOT last more than 3-5 years, at most. They're expecting civil unrest to really gain speed and spread as poor lose hope (i.e. get hungry). But they believe this will take a few years. They don't believe the US, China, or Russia want to make any major ripples as they are still currently all benefiting from this system agreements.

    Lots of investment in land by the rich and powerful, not just agricultural, but just about anything with long-term value potential. PMs are bought here, always have been, but no major flurry of activity of late...yet.

    Confidence in the US$ is not what it used to be here. We don't necessarily see this in the US but pretty clear to people here.

    I'm sure I've forgotten several things as I've been busy and speaking to many people, so I'll be sure to add anything else I remember.

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    Replies
    1. great post sammy and please try to add more later

      Delete
  22. This famous money manager NEVER was a gold bug......and like many of us is shocked by the game. BUT he is definitely a big fish in the casino and knows the players. I've followed him for years and he is well respected.. Nothing new in his statement but I know there are some of you that don't understand this game and believe that all of KWN is shills. Eric King IS a promoter but many of his guests are guilty of only talking their book and their macro outlook. I've said that they want to destroy this trade and they have the power to inflict major damage as we have now seen. I'm in it and I still sleep well at night.I also hope they keep the prices down for another 6 weeks.....one last big buy then.

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/27_A_Legend_Speaks_Out_About_The_Gold_%26_Silver_Takedown.html

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  23. http://www.zerohedge.com/contributed/2013-06-27/silver-demand-surges-india-while-gold-premiums-35oz-china

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  24. Great info Sammy...will try to get a read from my Turkish friend...altho he is still travelling there, advises strongly ag. anyone else doing so. He is sick as Turkey was becoming very Westernized but fundamentalists are trying to take hold. Sold a bit this morning, am beginning not to be able to sleep...maybe near capitulation. Miners will definitely be closing down so the physical price will escalate but don't know when the industry will be revitalized.

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  25. Just looked at some fibs...we are really close to the 61.8% on the HUI. Goodness knows I hope she doesn't break down from there...if so could retest as far as 151 low.

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    1. it easily could sister........should be an interesting ride up

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    2. Hope they beat it down alot more. Looking to get some Hip Hop Cuban Chains and replace all my fillings. A few monsta silvuh boxes 2.

      dry powdah waiting for the Motha of All Naked Shorts.

      Seriously wonder who will actually puke up any physical below current levels in the US.

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    3. you'd be surprised red......certainly when retail pukes its not too surprising but the real bullion comes from levered hedges in the gold backed products that barf it up.......the BBs just scoop it up with the truck already at the door.....my guess is that the paper beatdown is an attempt to prevent COMEX and BB defaults and buy some time is all.....technical buy trigger should be interesting

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  26. Gold is divebombing again!!!

    Gold
    1,201.30
    -28.30
    -2.30%

    Seems like a little resistance at 1200. Must be a few retail stops to process.






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  27. AAPL
    394.94 -3.13 -0.79% AAPL

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  28. http://financearmageddon.blogspot.com/2013/06/harry-dent-predicts-global-economic.html

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  29. What a day! Gold absolutely destroyed again and yet all my miners except PPP (surprisingly) and RIC. Even GDX and GDXJ +...I was beginning to wonder whether the Soros purchase of calls was even true.

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    Replies
    1. alas......sista......outta fiat after my last buy yesterday......will sit on my hands for a month........hopefully they grind it out till then.......one last buy pretty please

      Delete
  30. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/27_Available_Gold_Supply_Disappearing_As_Gold_Price_Plunges.html

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  31. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/28_$300_Trillion_In_Derivatives_Losses_To_Lead_Golds_Rebound.html

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  32. I have one question, if the people on the blog , and you know who you are, are so convinced gold is going a lot lower, instead of being in cash, why don't u put every cent you have, and short the shit out of gold/silver. instead of waiting for gold to get under $1000 to buy it. its easy money, right?

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    Replies
    1. That's a good question. I can understand people who might be too uncomfortable buying gold/silver for a trade right now given their performance over the past year+ but I don't understand anyone who thinks of them as a bad investment over the long term. And the long term could start at any moment.

      I would never short because I know where this is ultimately going but it is the clueless ostriches with their heads in the sand that really can't grasp the fundamental issues.

      There is a 100% probability that physical gold/silver are great investments. There is absolutely no risk in buying physical metals over the long term, and perhaps even in the very short term because no one knows when she's gonna blow. But blow she will. It's about having conviction in what is going on and not allowing the paper price action nor the MSM shake your beliefs.

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    2. Playing with leverage paper usually involves: whipsaws, margin calls, and liquidation. This applies for any asset stocks, bonds, PM, homes, art work. The temptation to make fast multiples usually leads to gambler's ruin.

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    3. I can almost guarantee you that gold and silver will not be cheap in 6 weeks.....because that is when I will have a nice fiat stack to buy more.....outta fiat till then

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    4. Everyone now predicting a full fib 100 retrace to 973 now.......so its set in stone..........right?

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    5. hehe, that's was my point. I look at it this way, so what if gold goes under $1000. how long is it going to stay there. I don't even care anymore if if drops in big chucks short term, I believe odds r it will make another massive run upwards. if I am wrong, I can except that. time will tell.

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  33. Everyone is calling to sub-1000 gold, so that means it is not going there. I just made a couple of purchases last week and I too am waiting to recharge the fiat. But I have a bad feeling that it will not be this cheap in a month.

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  34. Check out SAND today. Up over 17%

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  35. Hey all...shoulda been able to call this as I sold some slw yesterday! Still have plenty of positions (long). Of course it isn't easy money to short rude. The timing is never known to us peons. That is the reason I'm not short.

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  36. I never short anything, as Red pointed out, it involves too much crap to deal with when you are in the paper game. But, I still believe we are going < $1000, and also believe we will not see the recent highs ($1800-1900) for many years. I believe in proper diversification, and with a disproportionate amount of cash on hand, gold is a good place to exchange some of that as an insurance policy. The reason I've stayed out of the physical game so far is that the price was just never right, and I never for a second believed those outrageous claims of gold $5000 or $10000 by so-called gurus who have led many sheep to slaughter.

    If I'm wrong and gold never visits sub-$1000, well, I won't be the first person to miss a prediction.

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  37. Why do we buy beaten up miners? Because they will break out at some point. Look at SVM. I bought a bunch at 2.49. Of course, it will probably head back into the toilet next week.

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  38. interesting observation by Jesse via a reader
    Silver has dropped 2 times in bull run from high to low of 60% only to rise 5x that after hitting bottom, that 60% was the other day, if the 5x holds true it would see a price just under $100 on next breakout...

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    1. I think we saw the bottom. That move from 10:10am to 10:25am today from $18.70 to $19.40 is a sign that they put the down engine in reverse.

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    2. http://s21.postimg.org/h81st4n3r/Silver_weekly_long_term_with_60_move.jpg
      The divergence has me thinking....

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  39. FWIW, Martin Armstrong says 90% of drops occur in the first 2-3 yrs. so silver (high was 4/28/11) could have reached its low although the high for gold was 8/23/11 so we are not quite at 2 yrs. there. Then comes some consolidation before the parabolic spike which he is still calling for in spite of some saying he's anti-gold. So he is saying the huge runup could come in 2014-15 or 2015-17. I believe I have interpreted that correctly.

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    Replies
    1. can't kick Martin...he's been sharp till now....inflict the most damage to the most people......I haven't lost a dime in this drop so far.......only count your money made or loss when you sell......and remember its only paper you own unless you are moving into "real assets"....now ask yourself....if you sell your PMs or your PM equities ...WHAT are you going to put your fiat into.....OR ...are you going to just sit on it and wait until WHEN? I'll play my strategy and maybe I'll lose but its what I consider for me the best. EACH of you have to do what is best for you so you sleep at night and I sleep just fine. I also want to take this time to thank the casino for selling me PMs at a nice discount. I didn't really believe they would do this and I'm sure that "many" were just as mistaken as I.....If you were leveraged then you were destroyed and that's a big reason they can do this.......gl

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    2. "I'll play my strategy and maybe I'll lose...

      No you won't.

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    3. I could......but this might help

      http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/28_Eric_Sprott_-_Stunning_Indian_Buying_To_Crush_Silver_Shorts.html

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  40. Anyone know or have an idea why MUX got beat up this afternoon? Was up 12% mid morning to early afternoon, then closed up only 1%.

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    Replies
    1. short term profit taking ... "someone" just probing the shorts

      Delete
  41. Almost forgot--ITMS had a buy yesterday for SLW w/a sell @21.45...it closed today @19.67...their s-t calls are very good. Of course, nothing is perfect but this is another reason to think we get at least a couple of more up days. GL everyone and have a great week-end.

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  42. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/28_Maguire_-_Massive_580_Tons_Of_Gold_Purchased_In_Just_7_Days.html

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  43. chuck that was a nice chart post it down here too.....

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  44. http://www.youtube.com/watch?v=Q54xeCVFg8I

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  45. http://finance.yahoo.com/news/german-finance-minister-slams-irish-143617487.html

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  46. http://www.aljazeera.com/news/middleeast/2013/06/2013629153839928709.html

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  47. http://www.businessinsider.com/marines-prepared-to-move-into-egypt-2013-6

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  48. ITMS now saying 1060 will be the bottom but no word on when...checking Kitco charts I see that the London fix went from 1380 to 1180 in a matter of June days. So we could reach that "bottom" they are calling within a coupla weeks. Or we could bounce and see the bottom later in the year...I am not short b/c we don't know when Soros' calls expire.

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