Wednesday, July 31, 2013

IS THIS OUR.........

What went wrong? Where did we go off course? Why did we allow ourselves to be destroyed by our own greed? We have to take responsibility for where we are now. We can't blame it all on the bankers. They fed us the raw meat and WE ATE IT! We cheerleaded the attacks on numerous nations that did NOTHING to us as we chanted cliche slogans as if we were at a high school pep rally while hundreds of thousands of children were bombed into raw hamburger. How can we be told so many outrageous lies and swallow them hook, line, and sinker? Maybe we were TOO willing to believe what they shoveled us. They've even told you to that "if you repeat a lie over and over then eventually the public will accept is as fact". AND you STILL bought their schtick.  Didn't we have a book called 1984? Didn't Orwell spell it all out for you? He told you.....remember?........Newspeak?.......Ministry of Truth?......Of course it was there. That's the code of conduct for the Masters of the Universe. They know they can tell you what's going to happen to you.....even down to the last detail and they can STILL PULL IT OFF. That's because they know human nature and just how predictable it all is EVEN WHEN THEY WARN YOU....you won't believe it.

That brings us to our current game in the big casino. Its all about human nature, so don't over complicate this. Its why chart analysis is so helpful IF you can understand how the different extremes in the chart work to predict human behavior. Even a manipulated market uses extremes in oversold/overbought to bring about a predictable result. Right now we are in the process of destroying the miners before the boyz move them into the stratosphere. Some will be completely destroyed but many will survive and their rise will be meteoric. Its the game. Whether we are on the ride will depend on whether the system holds together. If the casino burns down then you will kiss all of your miners good-bye, but don't kid yourself ...NONE of your paper assets will be survivors. If this is a "controlled" meltdown without WW3 then you just might manage to cash your chips in before the Casino closes its door.



49 comments:

  1. Thanks to Doc for taking time w/the detailed reply to the Obamacare post. Catherine Austin Fitts is pretty optimistic on North America altho does say lots of volatility and gold=insurance. Best to everyone here...

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  2. Gold has been having a wild ride in the last 24 hours.

    Range: 1309 to 1335

    It's a short vs. long battle. The shorts are going to win.

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    1. yup I'm 70/30 now the shorts take it tomorrow......which means its going up huge......all the RSIs and 50ma are rejected on the miners daily unless they rally today

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  3. I keep reading that commentator on Keystone. So far he has been right. He feels that the cross over 1700 on the S&P initiated some selling by longs which likely is still continuing. He believes however that the longs that are selling will be done soon, and then the S&P will rise to 1720-1730 range due to shorts being forced to cover. He seems to feel that all this will happen within the next several trading days. So, still too soon to short the S&P in his opinion.

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    1. I can't say i disagree Doc......layering in shorts (non-leveraged) seem reasoneable if they push it there....when the bond market breaks down to the next leg its going to force some leveraged positions to sell and that's going to create a draft effect of forced selling in equity positions to cover their leveraged bond positions. I believe that we are going to see 3% on 10y soon AND I believe that "they" JPM etc are positioned for the increased spread ........HOW far they'll take down equities before they brake it is only guessing but it will be double digits if 3% is hit

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    2. The big elephant in the room is the negative impact to pensions if the equity and bond market decline is not orderly. The perfect geomagnetic storm is forming even as the Fed continues the QE to infinity with jawboning tapering so essentials don't go parabolic the the global proles take to the streets sooner rather than later. No Win for the Fed boss if the tipping point event doesn't occur the retirement of the current one.

      The continued reliance on oil and other fossil fuels to keep the Japanese export economy from collapsing will continue to cause consider strain on the cost of food and essentials globally.

      http://www.reuters.com/article/2013/07/30/us-japan-fukushima-nuclear-idUSBRE96T1BC20130730

      Additional reference on Spaceweather again today to the impact of a large Geomagnetic Storm similar to the 1921 event. Notice the potential U.S. Fukishima sites.

      http://science.nasa.gov/science-news/science-at-nasa/2009/21jan_severespaceweather/

      http://en.wikipedia.org/wiki/Geomagnetic_storm

      A significant geomagnetic storm occurs about once every 25 years with a chance to take down portions of the grid.

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    3. I don't think their are enough shorts left....put/call ratio is leveraged to bulls...Vix has been tamed or fixed like libor...What we have here is a market controlled by easy money...inflation is building and the mm's know it is the only reason market is rising as earnings have been overall below estimates...

      I think inflation is about to catch all off guard, TIPS seem to be catching bid...

      I had same patience on QCOR which I told all here to buy heavy...sold today at 69...bought in lots of 22-27-33-36..
      if you want to see a market manipulated just check out ARNA, profitable qtr, huge scripts weeklies for 4 week drug, no debt, 200 million balance sheet, yet gets knocked down after earnings, meanwhile growing at 215%..the competitors are priced higher, one with no fda approved drug, one deep in debt getting passed by ARNA...both higher pps....the game is and always has been kill retail....make them invest in 401K...show them hurt....patience I got...

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    4. tsk tsk......such a pessimist...... ;-) ....btw how's the greenhouse coming.....hydroponics too?

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    5. Long waiting list to get the water well in the back yard fixed. Basic solar ready, still need a bigger array system. Greenhouse not ready, location with adequate sun and space out side of view currently problematic. 2 charcoal bbqs seasoned and supply of charcoal plus 1 rocket stove and a chainsaw. Looking to get an extra spare beater mountain bike.

      Remaining Treasuries in paper form. Hydroponics too reliant on steady electricity, water and nutrients.

      Not sure if you will get the last physical purchase of PM, local dealer was out of junk silver a couple of weeks ago.

      Just got back from the area south of Jackson Hole, speculative lots have collapsed around 80-90% since the peak, 10-20 feet of winter snow is problematic.

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  4. No rally on the miners as they are slashing the value of their mines: http://www.miningaustralia.com.au/news/gold-takes-its-latest-casualty-miners-slash-asset

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  5. http://news.dice.com/2013/07/26/in-silicon-valley-more-deals-and-more-jobs/?CMPID=EM_SV_UP_JS_AD_LC_AD_&utm_source=Cheetahmail&utm_medium=Email&utm_content=&utm_campaign=Advisory_Lifecycle&om_rid=AAGso-&om_mid=_BQI8$-B8tYqRPk&dadv&om_rid=AAda34&om_mid=_BR$ngCB80QOqSY

    I must say, as each day and each month goes by, I'm less and less inclined to believe in some major meltdown occurring any time soon. Kli, I know you'll say it's all a mirage, and that's what they want you think, but I just cannot ignore the various pockets of prosperity around me and throughout the country. To be sure, there are also stories like Detroit and other municipalities about to go bankrupt, but it seems life is going on for the most part. I think the CBs have managed to kick the can a few years down the road, and this is the new normal.

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    1. Yes bud...that is exactly what I will say.....BUT...HOW long they can kick is DEFINITELY up for debate.....I am seeing acceleration in the signs the system is breaking in spite of what the media is trumpeting. AND yes there are definite pockets of prosperity but at what cost to the MALINVESTMENT going forward. So in short ...what signs of improvement we are seeing is at great cost in many instances to our chance for meaningful recovery and may not really provide much time until the collapse. I think the collapse when it comes will come out left field and come on quite rapidly perhaps in just a few months....unlikely that anyone will get out without significant injury.....most will be wiped out in the paper markets and then the reset...

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    2. I have a question. With every trade, there is a winner and a loser.

      Even if gold, silver, oil and the S&P all went to $1, there would still be people on the other side getting rich from shorting.

      Are you suggesting that our government will somehow confiscate all trading accounts(Cyprus styled)? This just doesn't seem possible and is probably illegal.

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    3. Sorry to tell you this Jay..but the word legal left the building a long long time ago. AND yes there are a multitude of ways that paper assets HAVE BEEN and WILL be destroyed

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  6. Yes, ARNA ridiculous...the bots "know" I bought...CEF still trading at a premium, haven't seen this for ages.

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  7. Kli, I agree with you that there is potential for some great harm down the road for all this can kicking. Actually, it's almost a certainty. I guess my point is, if we have a few more years of prosperity, followed by a major reset, we might as well try to enjoy it and prepare for the inevitable. The key is timing, and yes, I fully expect it to implode fairly rapidly and out of nowhere.

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    1. bud that is EXACTLY what I am doing too.....planning for a lot of pain but hoping for the better outcome.....also I look at it as the band playing while the Titanic sinks (i hope not)....as far as catching a chair when the music stops...that will NOT happen...either you have your chair now (in the form of asset allocation NOT in paper) or you will never have one. If one believes they can catch THE bottom of whatever physical asset is and purchase it with paper at THAT point then you are wishing upon a star. EVEN IF you catch gold sub1000 you will find that buying it will be frought with some obstacle.......

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  8. While we up....anecdotally I had a conversation spontaneously with a small group of people that I barely knew and these topics came up....imagine that. I was shocked at the response from several of them as they relayed the "awakened" response and in detail described their own preparations.....I found it very refreshing to hear middle class America is not totally asleep.

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  9. meanwhile back at the ranch

    http://news.yahoo.com/new-report--gitmo-costs-u-s---2-7-million-per-prisoner-134148004.html

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    1. Yes. Short on the GLD ETF. Just a small position of gambling money.

      Will get out if gold hits 1250. Too much taper talk going going around.






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    2. get out if it goes down tomorrow

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  11. What a set up! The crush the gold price by 24 dollars, to get the shorts in. The job number is weak and the shorts get crushed. Gold and silver are positive. Trading these markets takes inside information. That is why I got my ticket to the boat early, because like Kli, when the boat leaves you will not have an opportunity to get on. At least not cheaply anyway.
    GL All!

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  12. Many calling for 1100...I'm not so sure. Of course every Fri. is opex now so this is a very dangerous market to try to trade.

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  13. Honest,

    Despite the pain, I held onto my ZLCS position. Burn you shorts,...burn!!!

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  15. Gold still looks weak to me...

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  16. Just a heads up: Due to restrictions on gold, silver imports in India are +259% in first qtr. And ASTM +31% today on no news that I can find. This is a l-t hold for me as long as they stay alive.

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  17. Gold will be 1290 at the end of the day.

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    1. I made a chart:

      http://i.imgur.com/eJQc4fw.jpg

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    2. I was wrong:

      Gold
      1,311.90
      +0.70
      +0.05%

      But I'll hold over the weekend.

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  18. I would NOT be short gold over this weekend

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    1. Picked up AG, EXK, and MUX today in big chunks. Will wait for PPP but may not get it at the price I'm hoping for. Yum yum!

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    2. I would love to be "buying" at these levels.....may get a lil lower ....but...awfully nice risk reward IF you're not leveraged

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    3. We may be at a point in time where leverage is the way to go. Leverage only hurts when you're on the wrong side but if we are indeed very close to the bottom, then using leverage now can only magnify your gains.

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    4. I probably should have sold my short today. Rumor has it that Al Qaeda is planning a terrorist attack on Sunday.

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    5. Leverage can also work against you on the timeline side of a trade.....I've lost NO sleep on the wrong side of the "gold" trade this year.....thanks to NO leverage

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    6. Agreed. I failed to mention this point but there is a cost of carrying a leveraged position so if the price of gold or silver is stagnant for a while, you can lose.

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  19. this is just incredible...hehehhe....and its "just" a "barbarous relic"

    http://tribune.com.pk/story/584352/countering-devaluation-govt-slaps-temporary-ban-on-gold-import/

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    1. Look at the country though... Pakistan.

      I doubt something like this will ever happen in America.

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  20. Well, Jay you have a great deal more faith in U.S. gov't. than I. To me, a gov't.= a gov't. There is no telling what they will do!

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    1. this is not our government and HAS NOT been our government for many years. This is a globalist takeover that began decades and DECADES ago. There is only an illusion there is a government for the peeps that are unaware...which are MOST. Obviously it is a very complicated set of circumstances that have created the illusion but it doesn't matter. MOST peeps will never get it......they have been carefully conditioned by the schools an media and changing that is just NOT possible for most.

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    2. when you take a particular situation that you can ACTUALLY document the facts on an try to lay it out in simple terms for a zombie prole they usually react the SAME way.....they become increasingly uncomfortable and they usually state that they JUST DON'T want to hear it....."hear no evil...see no evil".......They of course believe the ostrich approach will somehow allow them to survive......however the devil is coming and he's coming fast for you.....so make no mistake its too late for most but some will survive...that's nature's law....survival of the fittest.

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  21. Jay a few FYI's:

    http://www.zerohedge.com/news/2013-08-03/obama-meets-security-advisors-over-most-specific-credible-terrorist-threat-years-us-

    http://johngaltfla.com/wordpress/2013/08/02/a-hint-of-war-federal-railroad-administration-issues-emergency-order-for-trains-with-hazardous-materials/

    http://johngaltfla.com/wordpress/2013/07/31/state-of-the-union-on-july-31-2013/

    http://www.zerohedge.com/news/2013-08-03/barack-obama-anti-patent-troll-chief

    Jay its right in front of you! We are no longer what we once were.....

    “Since mankind's dawn, a handful of oppressors have accepted the responsibility over our lives that we should have accepted for ourselves. By doing so, they took our power. By doing nothing, we gave it away. We've seen where their way leads, through camps and wars, towards the slaughterhouse.”
    ― Alan Moore, V for Vendetta

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