Sunday, October 13, 2013

GOLD BROKEN.......SELL GOLD

 THAT is the headline you are intended to believe. THAT is what is being told to the proles by the main bank that functions as the arm of the Fed. Goldman Sachs issues a headline to sell Gold because it is acting in YOUR BEST INTEREST. Goldman is concerned that you may be buying gold at these levels. These are the same altruistic claims that it had in the months just preceding golds 1900 price a couple of years ago. Remember? Oh surely you haven't forgotten already. Goldman and JPM were issuing price targets two years ago on gold of 2400 just prior to its massive takedown. Just like they issued long only proclamations on real estate in 2007 to clients while shorting them in their own accounts. WHO DO YOU think was selling into those public proclamations. Where are we now? We are now over two years later and gold has corrected 40 % in a brutal bear market, destroying all the optimism in the protection this barbaric metal is supposed to offer in currency debasement and uncertainty. How can one NOT be impressed by the efficiency of the Wall Street machinery. I cannot say I saw it coming but I can say that Red and Joe both expected it which prepared me for it and now that I hear GS giving a "Sell gold" proclaiming it to be a no brainer...then one must ask themselves the question....IS GS and JPM buying here and preparing to go long?

We're in a collapse. We've been in a collapse since 2007. Supercycle events do not necessarily evolve in a straight line and will provide you very little opportunity to profit in the Wall Street paper market unless you are capable of knowing what their plan is in advance. I don't know from a short term perspective but I do know what the longer term outcome will be and it is DELEVERAGING......either through a default/currency debasement/reset. These are mathematical certainties. These certainties will be accompanied by turmoil and pain. The forms of chaos are not known by myself but history does give you some hints from previous supercycle events. Massive societal changes are never comfortable and this one will not be either.

Reality can be very sobering for most people, but it can also provide opportunity for those most prepared. My silver cloud is that we can move through this with change and with the strongest hands in a position that translates into success for those of us best prepared as the grand reset develops. Ignore the noise and try and see what is REALLY developing. Nature's laws WILL be observed and you do NOT want to be violating them when Nature takes over the helm. Your PTB will turn the game over to Nature's law when they are forced to and they will be fully positioned. So be very careful when you are given a public dictum to SELL GOLD "ITS A SLAM DUNK".....its getting close. In fact it might have turned in June.







50 comments:

  1. recovery growing stronger

    http://www.independent.co.uk/news/uk/home-news/exclusive-red-cross-launches-emergency-food-aid-plan-for-uks-hungry-8872496.html

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  2. UK just got an infusion of money from China, who, it would seem is now directly trading with the UK as us last night at -8pm PST (UTC-8)

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  3. But I thought we were supposed to sell......

    http://www.zerohedge.com/news/2013-10-14/gold-retraces-stop-logic-selling-fury-equity-hopes-fade

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  4. Gainesville was busy this morning....took some time to get through........hehehhehe

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  5. http://stockcharts.com/h-sc/ui?s=SVM&p=W&yr=2&mn=11&dy=0&id=p84709160325&a=242549376&listNum=1

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    Replies
    1. Looks like a path to the abyss.

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    2. Yeah, it's ugly, but,....
      That gap on the weekly got closed and there was a gap on the daily too that got closed. The daily chart still shows a low that is still higher that the previous low. So, could a change in direction be occurring on the daily chart that is not yet showing up on the weekly??
      Just pay me my quarterly dividends and I'll sit quietly.

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    3. considering the miners and golds performance you can't help but notice JUST that Doc with SVM

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  6. Bought 5 DUST Puts at $42.50. Weeklies... Small gamble that could pay off nicely with all the fireworks we should see this week.

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  7. Wow that was awesome... Sold the puts for a double in just a couple hours!!! I'm probably going to be kicking myself later as I feel they could really run but stupid not to take a quick double off the table.

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    Replies
    1. always take the profit in this ponzi

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  8. US put on negative watch. SHOULD be nice for gold...

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    Replies
    1. gold will move when THEY say it goes ......its still engineered.......credit agencies are pawns....will they flip a switch or will it be a more obtuse move.....I say initial wave will be obtuse.......THEN the switch will be flipped

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  9. My co-workers are freaking out about what happens to their 401k's if the the US defaults.

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    1. your co-workers will be "saved" at the last minute......this time......but there will come a time when the "emergency" action to "protect" their retirement accounts will HAVE to be taken. Most likely there will be little or no warning with a very long weekend and a Monday bank holiday as reorganization "smoothly" transitions. So tell them to breathe a sigh of relief........for now.......get comfortable......sip a glass of pinot and watch the circus. Conditioning is a process....and more seems to be in order......at least for awhile longer......

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    2. Jay,

      I guess they haven't been reading this blog! Hehehehe. Don't worry they will get a stick save for now, looks to me like that are just trying to grind down any opposition, politically speaking before they grind the rest of up into chopped meat

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  10. One other point of note Jay we must pay debt first according to the Constitution, not that matters much these days BUT if we actually do follow that antiquated set of rules and do not raise the debt ceiling other things may not get paid.....

    http://www.zerohedge.com/news/2013-10-15/foodstamp-program-shutdown-imminent

    Interesting times we live in and lastly if the above comes to fruition based on the behavior of those that went without for 17 hours, I will bet your coworkers will be more worried about going out for groceries than what there 401k's are worth!

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  11. this is all conspiracy....blah blah blah.......and what stops them from keeping this up forever.......blah blah blah......and why not just "join" them and short gold......blah blah blah......or just buy TSLA or SBUX or CMG etc.. after all you can "get out" when it starts to crash.......hehehehehe.......why not? why not? why not?........here's why not

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/15_The_West_Is_Now_In_The_Process_Of_Destroying_Itself.html

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  12. First 2 videos excellent as usual, Kli.

    I suspect that a few here believe all our politicians are exactly the same, "serve the same masters" and elections make no difference in our destiny. I hope that number is dwindling as certain things become more obvious. But most likely this is an excuse to do nothing and not participate. Unfortunately, if we all sit behind the computer screen and watch our liberty and our children's future being crushed, documented here one web-link after another, our doom will be a self-fulfilling prophecy.

    Our miners may go through the roof, but what will it matter if our e-trade/Schwab/scottrade account is worth millions and either disappears from a Obamacare/EBT type of "glitch" or the dollars are worth nothing? What will it matter if we have giant bags of shining metal that we can barely move, and certainly can't move or use without being conspicuous? Our physical PM purchases can be easily tracked, except possibly what we buy from the filthy little pawn shop down the street. (BTW, "our" and "we" includes me.)

    So just drink our wine, go to dinner/movies and play our fiddles as Rome burns?

    That is NOT what the first people to call themselves Americans did. And is a step WORSE than the ignorant sheeple we reference here---at least they can legitimately plead ignorance.

    Unfortunately, with knowledge comes responsibility.....

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  13. thanks TTN and yes you are correct. I believe that my "best case" scenario is pollyanna and that would be IF the system somehow stays afloat and "changes" for the better after suffering an almost catastrophic economic breakdown.....the likelihood of this "best case" scenario is unknown.....so yes......people had better wake up and smell the coffee and as I've said many times we have MORE to worry about than our trading accounts, which is why I can smile at their decimation of my miner trade......because I know in the long run its unlikely I ever see any of it anyway. Red is right......you had better be prepared

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  14. Think,

    “I suspect that a few here believe all our politicians are exactly the same, "serve the same masters" and elections make no difference in our destiny.” I suppose I’m one of suspected few, hehehehe! Have you not been watching the circus in DC the past few weeks, months, years? Now let’s take a moment and look at a one of the things as of late, assume Senator Cruz is genuine and believes in his cause (I believe that to be the case btw) as far as anyone with “knowledge” is concerned it is obvious he is correct YET how is he being treated? Hmmm let’s see, standard chit on treatment from the occupant in the White House, The Dems, The MSM and oddly enough the same chit on treatment from his own Party. I guess he’s hitting a little too close to home for some. It seems at least from my vantage point anyone that challenges the Masters or Establishment, call it what you will, gets marginalized or worse…

    If it was as easy as electing Representatives to represent those that put them in office, things might be different but when those Representatives represent Corporations and their Lobbies, The Political Establishment and of course the Money Changers and completely ignore the rule of law, well what can one expect……. Our society has been dumbed down to the point of lowest common denominator by design, conditioned if you will, so it’s extremely difficult to expect a mass large enough to go to the poll’s to overcome the fraud and actually vote for self-reliance, if they are given a worthy candidate. I’m sorry but the system as currently constructed will not allow that.

    We will need a third party if time allows….

    Now I do know there are many in our Country that see things unfolding and are trying to do something about it however there are just as many that are conditioned to think otherwise, ie. Wally World shopping spree. I really don’t know what the answer is honestly but what I do know is I have zero faith in the current system as it is completely corrupt and lawless and a reset is coming in some form or fashion and there's going to be a lot of pain for far too many.

    Unfortunately even if we ever get 450 or so elected representatives all like minded, respect the rule of law and the Constitution, we still have a little problem with math…….



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    1. Cruz, his wife Heidi is a GS VP, is a tool and so is the Tea Party that has been allowed a few seats at the table. Sat across the street and watched their rally incognito. Their handlers have wrapped themselves in warp sense of the Constitution that only applies to themselves exclusively and armed rebellion for their version of Jesus is the only answer. Another setup for scapegoats when the SHTF.

      Just get yourself ready to look out for yourself and love ones and stay out of the orchestrated political BS. The electronic payment system for the JIT supply chain is more fragile than even I realized without any major external events.

      Markets will either put in a new higher head or the second shoulder, doesn't really matter.

      http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=sp500&time=8&startdate=1%2F4%2F1999&enddate=7%2F2%2F2013&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=20&uf=8&lf=2&lf2=32&lf3=4&type=4&style=320&size=4&x=38&y=21&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

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    2. correct on all counts as usual Red.....it is ALL theater and noise....trying to figure out the motive is a crap shoot but if they "fail" to reach an agreement then its sets up nicely for the "Fed/ O" to step into a "crisis" and takeover the reigns of "broken government".....hehehehehe.....on the other hand they may reach "agreement" and perpetuate that they are "working for the people"

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    3. GS VP hehehehe... I stand corrected! Oh well, thanks for the incite!

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  15. should be a fun day ahead.......watch the expected last minute stick save...you will get to see how your masters work......remember though.....all of us expect a last minute stick save......just as ALL of us (except SiK) expected a BS taper move......hehehehehe.....so I'll take the other side of this one...either way its all noise for the peeps

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  16. http://stockcharts.com/h-sc/ui?s=RIC&p=M&yr=8&mn=3&dy=0&id=p00647302099&a=251193716&listNum=1

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  17. Yay! They saved us!!

    Senate reaches deal on debt spending

    Democratic and Republican Senate leaders are putting the final touches on a plan they hope will pass the House.

    EBT Card parties across America tonight!

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    Replies
    1. And we should show our appreciation for all their hard work by continuing to re-elect the exact same people to the Senate and Congress over and over again.

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  18. Bought a handful of SPY weekly $172 puts for chits and giggles.

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    Replies
    1. I'm out at a tiny loss. No selling the news, at least not initially.

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  19. The Right has to have the worst leadership I've ever seen. What was the point of all this horsing around if they were just going to cave anyway? :) Oh well at least it's over and it's one less thing to worry about trading around for a couple months

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  20. Hubz: I hate to say this... But it seems like every city in America will have to look like Detroit before Americans wake up to the debt bomb. $17,000,000,000,000 debt means nothing to them. They only care about EBT cards and which sexual organ Miley Cyrus has flaunted in public this week.

    And yes, the Republicans have played this very poorly. Obamacare will implode by itself so there was no need to tie it to the debt ceiling.

    I did learn one important thing during the slim down. "Public Lands" no longer exist in America. The Gestapo owns it all now.

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    1. We've done it to ourselves. We keep voting these jokers in and will likely continue to do so. I know people I consider intelligent but they do NOT want to discuss this stuff. Heads in the sand.

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    2. The republicans played it EXACTLY as they were told to.......even down to the "faux" scolding of Cruz by Peter King on multiple networks.....now they have elevated Cruz to the "leader" of the third party faction.......ie.....he is the captain of the Titanic.

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  21. The real question for this exercise in Governmental disfuckchin is WHY? Red, Kli any thoughts????

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    1. Tom......ALL of the players in the GOV are playing roles......it is obvious...but WHY? 1) maybe to show you HOW important the gov is in your lives 2) maybe to show you how bad a third party or "tea" party can be 3) maybe to blame lower GDP on the gov shutdown as increasingly bad numbers come in 4) maybe to show you how good a STRONG executive branch with an authoritarian leader can be for a "well run" gov 5) maybe to cover up just how bad Obamacare rollout is (its been disastrous) 6) maybe the bad numbers on coming employment and GDP (caused by shutdown of course) will be met with larger QE now 7) maybe we do go into a full blown engineered crisis right now and all of the above is in spades.....remote but possible......blame it all on the Tea Party...... I really don't know which are the answers Tom but these pols are all just puppets ......so everyone needs to focus on who really runs their lives and always has........and realize what Red said above to do.

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    2. KLI: You make it sound like our entire government is just theater and we are sitting in the back row.

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    3. It is and we are standing behind the back row.......we don't count. They are all bought and paid for..EVEN THE ONES that don't appear to be bought and paid for...History is replete with well documented examples of how controlled these pols are.....all you have to do is read the well documented examples......Harry Truman was presented with a dossier of 8x10 glossies on Mc Carthy during the Red baiting hearings.......with all night boy parties at Mc Carthy's home.....names license plates etc. complements of Hoover (also gay).........Truman declined (wisely) .... If you can't be bought easily they can show pics of you that you never believed could exist......its ALL controlled.....its so compartmentalized that most of the douchebags don't even know WHY they voted the way they were told

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  22. Whoever is holding down the miners is starting to lose their grip.

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    1. NO if the miners move up during the next few months then THEY are long

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    2. Haha as soon as I posted it they started to drop. I need to shaddup :)

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  23. Why the fuss about a trillion or so $s? Future obligations/promises for Social Security, Medicare, Federal/military pensions and benefits make $17 trillion look like pocket change...

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  24. Well this mess did push out tapering at least until March...and it doesn't look like that was the plan all along!

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  25. http://www.zerohedge.com/news/2013-10-16/ibm-craters-2-year-low-massive-revenue-miss-asia-pacific-sales-plunge-15

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    1. Whoa now wait a minute IBM down 6% after hours???? Didn't the investors get the memo that the deal was cut and decorum and civility reign once again in DC! I just went all in with AMZN.... they need to get with the program here...... /s

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  26. Give them another bailout! We need to reward poor management at once! It's the American way.

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  27. Look like they have kicked the can for another 3 months. Now the sugar high can continue thru the end of the year. My guess is that the overall market will slowly ramp up from here, upside could be 5-7% from current levels. There's money to be made, especially with some of the cult stocks (TSLA, AMZN, NFLX), casino stocks (LVS and WYNN), solar and energy plays, and some financials. Other than a small position in AAPL, I have no other plays, long or short.

    One note on TSLA, don't confuse the company with the stock. The company itself is doing some good things and could revolutionize the electric car industry. The stock has gotten way ahead of itself, so if they take it back down to <$150, that could be an opportunity to get in for longer term. AMZN is another good company with an insane stock price. It should be trading <$100, but shorting it has been disastrous the last couple of years.

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    1. You GO bud.......great opportunities here......let us know when you get in and when you get out......heheheeheheh........."other than a small AAPL position I have no other plays long or short".......yet you pump this overpriced steaming pile of horseshit..........hehehehe as Inlet says....TOOO funny.......

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