Sunday, September 22, 2013

TIME

Trading a rigged casino is a task that requires one to question not only their strategies but whether it is even possible to survive in a pool full of sharks if you're just a minnow. Most of us are aware by now that there is a force controlling the market and anyone that seriously questions this conclusion needs to have the plug pulled on their life support because they indeed are brain dead. You don't have to look at the tape. You don't have to see the settlements (such as they are) with the SEC regarding the actions of the big Banks on Libor etc...... Forget looking at gold and silver that's just too absurd........NO....just look at Ben and the FOMC telling you they have to counterfeit dollars to buy treasury bonds to allow the Government to continue its deficit spending......as if that is somehow going to magically result one day in healing a structurally collapsed economy worldwide. 

Its called a pyramid scheme....a ponzi....a shell game.....a CON.....and we're all participants in it whether we realize it or not. Just imagine what it would be like if someone said that we don't want to hold your dollar any longer or for that matter they said we don't want your dollar for this barrel of oil.......because we are afraid that its losing value too rapidly to even hold it. Can it happen that easily? Could a rapidly deterioration of Confidence develop that destroys the dollar as the World's reserve currency? The short answer is yes.....the longer answer of course is more complex and would involve at the very least some subtle hints first. One thing that gives you some indication will be an increase in the velocity of money. So far its been flat to decelerating and has provided cover from inflation in spite of stagflation that is insidiously creeping into the most vulnerable populations.

Many of the sheeple believe the cabal is omnipotent and will not only muddle through but even guide the ship through to the other side in better shape than ever. Maybe.....but the Law of Nature says not. If we hit the kind of rough patch that most in my camp feel is necessary to reboot capitalism and a new economy AND we don't implode into complete chaos and insanity then your market investments and especially the precious metals will survive. Precious metals and miners will have their run to glory. Those that have been destroyed by this trade have to realize that IF the system really implodes to Mad Max then miners and PMs are not your first concerns. Time is on your side even in a rigged market.....since all markets have always been rigged, you just didn't know it. gl  


Jesse Livermore


1. "Money is made by sitting, not trading."
2. "It takes time to make money."
3. "It was never my thinking that made the big money for me, it always was sitting."
4. "Nobody can catch all the fluctuations."
5. "The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages."
6. "Buy right, sit tight."
7. "Men who can both be right and sit tight are uncommon."
8. "Don't give me timing, give me time."
and finally, the most important thing:
9. "There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play."



25 comments:

  1. http://www.peakprosperity.com/podcast/82998/jim-rickards-were-witnessing-greatest-failed-experiments-economic-history

    ReplyDelete
  2. http://www.silverseek.com/article/silver-%E2%80%93-not-ready-prime-time-12532

    ReplyDelete
  3. Miners up on a big red day along with metals being slightly down... usually means a good day tomorrow. But who knows :)

    ReplyDelete
  4. MUX catching a little bid. Noticed they were added to the NYSE gold miners index a couple of days ago. Not sure if that is good or bad ....... Good luck everyone!

    ReplyDelete
  5. tightening the spring on miners on the daily/2h.....should see it pop later today or tomorrow

    ReplyDelete
  6. http://stockcharts.com/h-sc/ui?s=RBY&p=W&yr=12&mn=0&dy=0&id=p99807236228&a=295883397&listNum=1

    ReplyDelete
  7. FWIW spoke with a guy that works for APMEX this weekend. Asked him if he's noticed supply getting tight lately. He said not really except they were having a some tightness when the bottom fell out to sub $20 awhile back. He did mention he believes they have sold almost as much as they did all of last year already. Just thought it was interesting. He also does not believe in the paper price.

    ReplyDelete
    Replies
    1. agree with his assessment from retail basis and expect this supply to maintain unless they knock it below a 12 handle on gold.....then look for buyers to get in heavy and these won't be small buys. The Fed is keeping the price controlled buy the real game is in physical and some very big players would like to see the Fed push it lower.....problem is the Fed knows this so its a cat an mouse game with the East trying to help suppress the price anytime the Fed is pressing the price down......hehehehe.......I say its pretty easy to pick the ultimate winner...... I am starting to accumulate some heavy cash during the next four weeks and will watch the price action closely......I WILL NOT BE shocked that a lower low could not be set in the next few weeks....EVEN IF we set a higher high and EVEN IF we break 1520......it would be diabolical hehhehehehe.......but thats the game

      Delete
  8. This article is mind blowing. When I read this article, I enjoyed.


    book publicist

    ReplyDelete
  9. Some headlines today: "Gold Falls"; "Citi says both gold/silver headed south"; "Gold pushes lower"; "2 Banks Say Fall Inevitable".

    ReplyDelete
  10. What's going on with PPP? -6%, can't find any news.

    ReplyDelete
    Replies
    1. and SSRI going to fill its gap tomorrow too.....hehehhe

      Delete
  11. MUX now getting ripped. If you don't think this market is rigged, follow MUX. So blatant it is laughable. Good luck everyone!

    ReplyDelete
    Replies
    1. Makes me a bit nervous with the huge volume we saw Friday. Ah well...

      Delete
    2. Ah probably has to do with being added to the index as you noted earlier. I should read before I post :)

      Delete
  12. ssri gap filled......unbelievable......hehehehe .....

    ReplyDelete
  13. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/24_Richard_Russell_-_US_Ponzi_Collapse_%26_A_New_Monetary_System.html

    ReplyDelete
  14. higher low being set on the weekly?

    http://stockcharts.com/h-sc/ui?s=GPL&p=W&yr=4&mn=4&dy=0&id=p06161487197&a=241825086&listNum=1

    ReplyDelete
  15. hey all......hope you are doing well.

    I do not post much now days..

    in the last thread Kil posted something from Greg Hunter's site

    Karen Hudes ......this was the second post at that site with her.....

    Karen Hudes is saying the same things that Benjamin Fulford is saying

    Just a heads up.....I can not put the dots together yet.....but I read every thing

    paladin

    ReplyDelete
  16. all so..
    on harvey Oragan site a post from Bill H...

    Before finishing I do want to mention the "action" after the FOMC meeting on Wednesday. First, the news was obviously leaked and there was frontrunning in the Gold market. Though this is illegal it should be well known that information is leaked all over the place and the markets are not fair...but this is not what I want to talk about. "Speed" is the topic. If you look at any charts from immediately after the announcement you will see that the huge moves in just about everything you can name ALL took place in 5 minutes or less. Yes, in just 5 minutes 95% of the moves were made and completed. Basically, if you blinked you missed it entirely. This creates both opportunity and danger. As you know by now, I am a believer that a "reset" will occur. Leading up to any reset I believe we will see "gaps" in everything in different directions. "Gaps" as in big price movements with little or zero trading taking place. Gaps down in Treasuries, gaps both up and down in stocks and gaps up in most commodities and the precious metals. These "gaps" will in part be caused by fundamentals beginning to take over but also because of leaked information regarding any future reset. The "opportunity" is that if you are positioned correctly the market action may be so swift that it won't allow you to make an error by selling. On the other hand, the "danger" is that if you are not positioned correctly ahead of time...you never will and you'll not be given a chance to correct your error...
    The Fed blundered bigtime on Wednesday and tossed much of their remaining credibility overboard by contradicting their own "recovery" story. I plan to write tomorrow regarding the next probable target of "evil speculators"...The Fed itself. Regards, Bill H.

    so Kil.....I had a chance to sell......that is not what I am looking for..

    you did nothing to change my mind....

    my mind was already made up..

    I am all in the gold trade..

    paladin

    ReplyDelete
  17. On the other hand, the "danger" is that if you are not positioned correctly ahead of time...you never will and you'll not be given a chance to correct your error...

    that is the money maker..

    paladin

    ReplyDelete
  18. Paladin....(Bill H) good to hear from you and your posts are valued you have courage and are a patriot.... I think we are in for some very intriguing tricks ahead and yes I agree with you that its very possible that it will be very difficult to get in on the trade through whatever means they may use...... best of luck to you and this treacherous market is out to take everything. gl

    ReplyDelete
  19. Many thanks for your comments Paladin...case in point, gold just surged for no apparent reason other than it's opex.

    ReplyDelete
  20. Hello everyone,

    Looks like that gap on SVM never got covered, so I haven't bought anymore yet and the ex-dividend day is pretty much upon us. Maybe next quarter.

    It has been busy for me with various issues, so I haven't been able to comment as much. Hopefully things will settle down soon.

    ReplyDelete