Sunday, November 17, 2013

NO LONGER IN THE BACKROUND

Now the big gun is about to begin. Miss Bubblicious is being crowned for her reign in the final bubble of all bubbles. Anyone that can remember Dr. Bernanke during his first years cannot forget the statements that were made repeatedly going into 2008 to Congress expressing his unwavering confidence in the economy and its ability to withstand any "slowdown" that might occur in housing in spite of his repeated assurances there would be no slowdown in housing for months. Even when housing and the economy in late 2007 began to flag he assured Congress it would be minimal and short term only. The rest is history....a panic ensued as an enormous liquidity crisis developed. The massive structural malinvestments created by the over-leverage money printing through derivatives began to unwind and the demons began to infiltrate all corners of the fiat money system.  

Here we are now 5 years later and not only were the underlying structural problems NOT addressed, but the bubble was reinflated with even more leverage and once again the piper must be paid. With interest rates at near zero and massive fiat printing, what will be the course of action to stem the next "Crisis in CONfidence" when the exit door begins to get crowded? What rabbit is left in the hat for the Fed Mistress? What will Miss Bubblicious be called upon to do for her masters? 

Having observed Miss Yellen during her recent testimony, I sense there may be some very uncomfortable times ahead waiting for her and for us. She seems ill-equipped for her job as liar in chief. The only question one might have is could she possibly pretend to "tighten" as Dr. Bernanke did prior to the last collapse that resulted in him ushering in a mountain of printed money to stem the hemorrhage created by a minimal interest rate increase.  Unfortunately for Miss Yellen her toolbox is very light compared to the Bernank, and there are an awful lot of very big players looking to exit this stage as soon as the signal goes off that the music is to be turned off. Most importantly we now have a destroyed bond market with the Fed as the 800lb Gorilla in the room. If we disturb that market with evidence that we MIGHT be stopping printing and interest rates get near the 3.50 level then mathematically this game goes into HYPERCRASH! Turn off your lights and get out the Alpo. 

So you see....faux attempts at "tightening" with bond rates just going up 50-75 basis points could be disastrous with a cascade of events that she would not be able to reverse this time. So one way or another there will be even greater QE within the next year. You see...... its Math....its the Law of Physics.....its Nature......









84 comments:

  1. Look at that smirk on R*** R*n's face! These people are frigging unbelievable.

    ReplyDelete
  2. For the "the enemy of my enemy is my friend" file

    http://www.timesofisrael.com/israel-said-to-be-working-with-saudi-arabia-on-iran-strike-plan/?utm_source=dlvr.it&utm_medium=twitter

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  3. Life imitating Art....

    Skynet

    http://www.zerohedge.com/news/2013-11-17/us-drone-strikes-navy-ship-mistake

    ReplyDelete
  4. Let's face it, more UP until Christmas...for honest and whoever else may have ARNA: http://www.abcactionnews.com/dpp/news/local_news/investigations/update-patients-on-belviq-new-diet-drug-losing-weight-fast

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  5. Not to worry, the brightest and sharpest minds have insured the entire planet's Gross Domestic Product 10x over with $700 trillion in what are known as "derivatives", or was it a Quadrillion in "derivatives' insuring the entire planet 20x over? I loose track sometimes and it can get complicated. That way when things blow up, these speculators stand to make beucoup bucks and who better to fix these problems than the same people who created and profited off them in the first place.

    Speaking of sharp minds, that ex Treasury Secretary in the picture there has a net worth of 100 million dollars, that;s worth repeating, 100 MILLION DOLLARS, that would probably make Dr Evil blush. Rubin must be worth every penny of it. Think of how advanced our monetary system has become with all of this intelligence and modernization. With the passage of the "Financial Modernization Act", in an effort to streamline things, it is regrettable that they just didn't simply merge the Treasury with the Federal Reserve and have the private Federal Reserve owners finance everything directly and have our taxes go directly to the debt with interest they are allowed to create, it would sure make things a lot easier to understand for the average American.

    Now about those outflows of PM's to China, read that book I mentioned. The Chinese seem to have a longer attention span and longer outlook. This could just be all the gold that was stolen during WWII and buried in the Philippines and Malaysia finally coming back to their shores again.

    "The real truth of the matter is,as you and I know, that a financial
    element in the large centers has owned the government ever since
    the days of Andrew Jackson…" -Franklin D. Roosevelt


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  6. But ain't it just the way. In order to protect your "financial freedom", we need you to have less control of yourself and more unaccountable control at the top.

    It used to be innocent until proven guilty but these days I don't know.
    This article touches on a lot of certain parallels with how our Modern day economy really works.

    http://www.thedailybell.com/editorials/34748/Paul-Craig-Roberts-What-Is-The-Real-Agenda-Of-The-American-Police-State/

    ReplyDelete
  7. In Rubin's autobiography he documents how Greenspan Rubin and Summers sat Clinton down shortly after his election and showed him WHO really ran the country and how the "economic system" operated

    ReplyDelete
  8. And of course what would a good conspiracy site be on this memorable day without revisiting this presidential act by the late JFK.....any of you ever hold these in your hands back then???..... I did.....:-)

    http://www.rense.com/general44/exec.htm

    ReplyDelete
    Replies
    1. Phillip Marshall had an interesting read "The Big Bamboozle". He said he had a bigger follow up book which was even more revelatory on the players, unfortunately he ended up in a murder suicide with all his information taken and a closed investigation, go figure. Seems JFK and 911 are book ends, on where the nation supposedly lost it's innocence, the other where you lost all your civil liberties. Look up Operation 40, they may have moved on from Castro and turned inward, not to much of a stretch when he wanted to splinter the CIA into a million pieces. Create the problem and offer the solution and never let a good crisis go to waste. It was surprising how quickly Chompsky dismissed it all.

      Delete
  9. http://usawatchdog.com/end-of-the-road-rush-to-hard-assets-fabian-calvo/

    ReplyDelete
  10. iParrot Post is a global read and reporting news platform that enable users to post their account of events witnessed, worthy local and International news. iParrot Post is a breaking news portal.iParrot Post exists to provide independent news and information to the masses, comprised of news feeds from around the world. We enable our users and subscribers to submit local News that they see as important. It is also a portal to allow users and subscribers to comment and contribute to the News events of the day.
    Worldwide News UK
    English UK News
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    UK Political News
    English British Sports News
    Business UK News
    Breaking UK News
    Technology UK News

    ReplyDelete
  11. http://www.washingtonpost.com/blogs/govbeat/wp/2013/11/18/in-many-states-the-recovery-is-worsening-the-income-gap/

    http://www.zerohedge.com/news/2013-11-17/guest-post-take-it-bank

    Yeah its all goooood, mean while back at the ranch......

    http://www.zerohedge.com/news/2013-11-18/and-there-goes-gold

    figures.....


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  12. GDX gap closed from the other day. Again metals are hovering right above major trendlines. God they make this trade agonizing :)

    ReplyDelete
    Replies
    1. Its a "life or death" struggle for the CONfidence in the ponzi.........so of course its going to be rough. Remember this was a crowded trade too and crushing a crowded trade is a mandate for the casino......so this trade had two strikes against it and the smart money is just sitting back accumulating physical while the paper trade is destroyed

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    2. Looking at the GDX chart you can see there has been heavy accumulation for awhile as you've noted. That's the thing that keeps me going.

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    3. I stated that if they took metals down through November that I would have fiat and I would buy heavy.. I have......hehehhehe.......and I will have even more fiat during the next two weeks to buy

      Delete
  13. Gotta admit it's annoying sometimes knowing I've missed the run up on stocks and could have made a tidy return the past few years, however its nice at least from my vantage point I no longer have anything to lose in the market, other than what has been lost with my ever shrinking basket of miners.

    When not if but when they let the air out of this there are going to be many of sleepless nights for the majority however I will sleep well.....

    Dow 16,000! S&P 1800 Yipeeeee!!!

    Oh who was talking about bit coin the other day.....

    ReplyDelete
  14. Jim Rogers saying he isn't buying yet; gold will go down further...esp. with Indian gov't. taxes and restrictions.
    Employer provided healthcare plans will be cancelled next yr. so they'd better get those guns off the streets. Wealth transfer to the top .00001% continues.

    ReplyDelete
    Replies
    1. Hope he's right...... More fiat ready if they take it to 18 this time. Last time had bought heavy in the mid 20s and was low.......this time much better positioned.......

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    2. We are approaching the end of the year and people tend to sell their "losers". With the other market sectors being hot, I suspect we will see more selling in Gold & Silver--especially the Gold & Silver stocks.

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    3. fully vested in the miners so no further fiat to go there other than rebalancing

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  15. Market volume is so light... been like this for over a week it seems like. Traders taking off super early for Christmas or people getting to scared to buy? ;)

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    Replies
    1. distribution only here and even that is almost zero

      Delete
  16. If there's any good news, it's that PPP only went down .01...

    ReplyDelete
  17. Re: Fabian Calvo, what is the FDIC (blank) agreement he wants us to look up? I couldn't understand what he said. Also, didn't realize China's inflation if 250%. I know the Chinese are buying lots of U.S. real estate...

    ReplyDelete
    Replies
    1. FDIC "very quietly" agreed to an "arrangement" with banks to keep bad mortgages AND defaults off the balance sheets of banks through a variety of ____________ which has provided the illusion that real estate has recovered and the banks sheets were solvent

      Delete
  18. Kli, you can start watching CBNC more often now, your favorite Aussie chick should be the beneficiary here:

    http://www.dailymail.co.uk/news/article-2509686/Money-Honey-Maria-Bartiromo-leaving-CNBC-20-years-position-FOX.html

    ReplyDelete
    Replies
    1. It had to happen. Maria was doing this weekend show with WSJ and WSJ is now FOX owned. Since NBC hates Fox she had to dump the weekend show or not get her CNBC contract renewed.

      Delete
    2. Maria's love of wine plays a synergistic role along side nature.........

      Delete
  19. No, no, no, say it ain't so, it can't be, I won't believe it........ Mom!!!!!

    http://www.zerohedge.com/news/2013-11-18/october-2012-pre-election-jobs-report-was-faked

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  20. feed the masses a sacrificial banker

    http://www.businessinsider.com/vietnam-sentences-bankers-to-death-2013-11

    ReplyDelete
    Replies
    1. Do you think this could become as "In Vogue" as apologizing? Hehehehe

      Delete
  21. Seriously, you can make this stuff up & who says you need the Comedy Channel......

    http://www.zerohedge.com/news/2013-11-19/government-investigate-government-over-jobs-manipulation-report

    ReplyDelete
  22. we're in a holding pattern for equities as distribution is attempted without a final burst of euphoria.....IF and this is a big if......IF they cannot entice in the last of the sideline dumb money for the handoff then they will be forced to go to DEFCON 3 euphoria pump....and that will be first of 2014.....IF that is unsuccessful then they will be forced to pull the pin for a correction to try in bring in the dumb money for a "bargain" as stagflation is ramping and loss of buying power becomes more obvious......THIS is their last hope for distribution and should be over with by early 2014 (june or earlier) and THEN we get the hammer. You see the "hammer" is already known and has been frequently alluded to as "the bubble" even though no one seems to want to acknowledge it on MSM......and that is the "interest rate"......ie the 10Y.....and it will break the 3.5 area and you can all turn out the lights. Daddy's taken your punch bowl away.

    ReplyDelete
  23. I smell a story here.....hehhehehe

    http://news.msn.com/crime-justice/va-senator-in-hospital-after-assault-police

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  24. http://rt.com/news/beirut-iran-embassy-blast-942/

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  25. No emotion....... thnx gainesville

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  26. http://news.yahoo.com/special-report-pentagons-doctored-ledgers-conceal-epic-waste-144950858--business.html

    "$8.5 trillion in taxpayer money doled out by Congress to the Pentagon since 1996, the first year it was supposed to be audited, has never been accounted for."

    Do these numbers have meaning anymore?

    You would think we could have a modern magnetic high speed train system all over the country for that kind of money. Then, if you start thinking about all the bailout money given to mega banks and banks abroad, that could have probably paid off everyone's mortgage in the country. Why work?


    ReplyDelete
    Replies
    1. these type of numbers/corruption will lead to the "global fiat money experiment collapse"..........just pushing on a string now

      Delete
    2. People are starting to come around to the fact that the stock market is going up due to loose money but there's a disconnect between that and the value of gold and silver. Obviously, PMs should be moving up but when I explain it to the sheep, they look at me like my dog looks at me when I ask him a question.

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    3. Someone once told me to stay away from precious metals because the precedent after WWII was to raise the tax rate to 90% on any profits on PM's, no need to confiscate, just eliminate the market altogether. I guess this is what happens when banks get to write the laws for the unwashed masses. This time in order to make it less obvious that there is a rigged market against the little guy they just put a lid on prices, I think of it as another subsidy, or reverse subsidy.

      I think the question everyone is asking is when does the real "market" start to dictate prices and what happens then. I don't see what the big deal is, let the people sell their gold back in a real market and get something for their prudence instead of being taxed on trying to escape a weakening currency, but when you realize what the name of the game is, they don't want any class jumping regardless of who saw it coming.

      Delete
  27. fkn sorry state of affairs when you read chit like this........

    http://www.zerohedge.com/news/2013-11-19/sign-times-wal-mart-launches-employee-food-drive

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  28. Tom and everyone. Here's the original article on faked jobs report: http://nypost.com/2013/11/18/census-faked-2012-election-jobs-report/ But we have known this for years. What are the PTB going to do with all of these whistle blowers? How are they gonna unring all these bells? (Rhetorical questions). Here's their FINAL solution per Martin Armstrong: http://armstrongeconomics.com/2013/11/17/negative-interest-rates-eliminating-cash-the-summers-solution/
    "Screwed" understates the effects on the sheeple.
    Screwed underestimates the

    ReplyDelete
    Replies
    1. You said it sister. Tin foil hat time. If 60% of our tax dollars eventually end up at the Vatican and the Vatican itself is calling for a world central bank to act as the lender of last resort for the world in case we need to lend money to Mars or Pluto and the ultimate self fulfilling prophecy is a cashless society with the goal of getting everyone chipped that way they can just create digits in a Skynet style computer (it's the computer's fault not ours) and the common folk are now completely dependent on these psychopaths, it makes things much more easy to manipulate and there is nowhere to hide. It's going to be interesting times on planet Earth. Where the heck did I put my meds again?

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  29. as mentioned above the "collapse" of fiat will ONLY be an excuse to reset with another "reserve" currency that will most likely be composed several "central bank" backed currencies.......this will be used to re-establish CONfidence and the wash rinse repeat cycle will proceed unimpeded. Only appearances will be changed.... NOT the top.

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  30. It is better to be a "non-essential" employee.

    I talked to someone recently complaining that s/he was deemed "essential" during this recent last sequester. Thus, s/he needed to get up everyday, drive (spend gas money, etc.) and do "double the work" since others got to stay at home. Once the sequester ended, everyone got their back pay whether they were essential or not.
    S/he feels that those that were "essential" actually got less net money due to driving to work costs, etc. S/he wants to be a "non-essential" employee during the next sequester.

    Who knows, but maybe there will be all sorts of government workers volunteering to be deemed "non-essential" next time.

    ReplyDelete
    Replies
    1. Moral to the story Doc......

      "No matter how hard ya try, ya just can't make everyone happy!"

      Bawaaaaaaaa!!! Maybe s/he could get a job at Wally World and wonder how s/he will afford Thanksgiving Dinner.....

      Delete
  31. Old hickory said
    to raise the tax rate to 90% on any profits on PM's, no need to confiscate,


    do you understand the Black Market and how it works

    paladin

    ReplyDelete
  32. FOFAO told you about it.

    there is a 9999.999 % chance that it was my post on a site or with me on
    other sites that started FOFOA down his path

    I know this as a fact

    I am not happy with FOFOA

    paladin




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  33. Hello paladin. What is FOFOA? Thx.

    ReplyDelete
  34. Remember this story from Unambiguous Wealth 2?

    "Compare these big money folks to the average guy who rides the bus. You miss a bus, so what? It's inconvenient but another bus will come. It takes a long time to sink in that another bus isn't coming. It's not until there is such a big crowd waiting at the bus stop for the next bus that people start thinking "even if a bus comes there are too many people to fit on one bus." In that mindset the surest way to cause a riot is to send one bus i.e., not enough buses. You have to fight to get to the front of the queue. This is a bank run mentality.

    And this is a key difference between the average guy and the big money. Big money isn't used to being kept waiting. Big money owns the "bus company". They know the buses aren't going to run before the little guy. They panic early. There was an electronic bank run around the time of the Lehman collapse. That was one of the reasons why governments around the world stepped in with fresh deposit guarantees. But there were no lines outside the banks to alert the average guy to what the Giants were up to.

    Right now gold is $1,712 per ounce. If you have $200,000 in ambiguous claims floating through system-space, your account is right now worth 116 one-ounce gold coins of unambiguous wealth. But here's the thing. You are never going to beat the big money to that panic button. There are enough gold coins on the market right now that you could get your 116 of them without affecting the price. But if you're waiting for the first signs of panic, you're not going to get anywhere near 116. You'll be lucky to get six or seven.

    There's only one way to beat the Giants to the gold, and that is to run in front of them."

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  35. Cliff Droke, market melt-up possibility in 2014:

    http://cdroke.blogspot.com/2013/11/the-melt-up-scenario-for-2014.html?m=1

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    Replies
    1. well bud, I hope you read the article and not just the headline, but yes its VERY possible and let the blog know what YOU are long in the market.......... and WHEN YOU get out....hehehehhehe......inquiring minds would like to know. We always have market tops preceded by euphoria and the dumb money jumping in as the smart money sells (distribution)..... What's funny is (having gone through several of these) it seems that WHEN the top is reached NO ONE seems to see it even though sentiment numbers are at an extreme as inflows into the market remain POSITIVE......... all of you may want to look at those criteria now. WE are at market extremes on sentiment with NO ONE calling this a top. AND inflows into equities have been finally postitive for the last several months. I am not calling a top, but I am telling you the ingredients are present for a crash. It may come in many forms including a "series" of pullbacks that the dumb money will "buy the dip" in......or of course it could just be one dramatic plummet.......my money is on the bond market telling you when you're in quicksand

      Delete
    2. Amen to that. It is interesting to listen to market comments, especially the forecats of "market melt ups" whatever that is. Even the bears (Jim Rogers, Marc Faber talk about an the disaster that awaits us , sometime in the future, but meanwhile the market will melt up.) Market opinion is so bullish that even the bears believe that the market will not go down.

      Meanwhile we have one of the most overvalued markets in the past 100 years, but its rationalized away as a future problem, after the market melt up!


      I have never in 30 years around markets heard people expecting bullish market action from an overvalued market. I even saw someone dismiss the rise of margin debt to record levels as ok because the rate of increase was less than at market tops of 2000 and 2007.

      I'm of the opinion that we are in the market melt up right now, and it will probably conclude by the end of the year, maybe we make it to early next yera.

      Delete
  36. Bud - a 2007 Zimbabwe year: The Zimbabwe Stock Exchange (the ZSE) is the best performing stock exchange in the world, the key Zimbabwe Industrials Index up some 595% since the beginning of the year and 12,000% over twelve months. This jump in share prices is far in excess of increases in consumer prices.

    Put all your money in stocks and you will be a Quadrillionare.

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  37. http://www.fool.com/investing/general/2013/11/15/drilling-into-earnings-ssri-mux-and-hl.aspx

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  38. Today's smackdown wreaks of desperation.......that was a massive dump ..........its getting more and more interesting

    http://www.zerohedge.com/news/2013-11-20/furious-gold-slamdown-leads-third-consecutive-20-second-gold-market-halt

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  39. Meow...... not!

    http://www.zerohedge.com/news/2013-11-20/first-time-four-years-caterpillar-posts-negative-retail-sales-across-board

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  40. Kli,

    Speaking of the above mentioned euphoria why is PCLN @ $1120 w/ GS calling for a "Priceline" target price of $1500???? What the hell do the do anyway to command such a price or are the about ready to slaughter some pigs????

    ReplyDelete
    Replies
    1. PCLN is a killing field for shorts. This market is so low in volume that the only liquidity to be sopped up by the boyz is in taking short's money from these bloated pigs. What better way to trap some short money than to pump up these pigs to ridiculous heights then slaughter the hapless hedges NOT in the loop....hehehehehehehehe......DO NOT be short this market OR be leveraged in this market..
      THEY will destroy you

      Delete
    2. Running out of chumps to be on the losing side of the rigged casino. Exhaustion either planned or external event will bring this down with no bids. Anything that has no intrinsic value will be vigorously pitched to direct money on the side away from hard assets.

      Delete
    3. Of course in "hindsight" it will be obvious to the dumb money.......but the mantra from the ponzi will be "nobody" could have seen THAT was going to happen

      Delete
    4. My question or concern is how much "dumb money" has actually entered the markets so far. We are told that much of the trading is being done by computers, with new investor money be at a lower percentage.
      That is why I think "they" will take the markets higher yet, and thus get new money to finally buy in. And yes, in the final phase it will be the dumb money that enters. I just don't think that has happened yet.

      Delete
    5. dumb money is essentially any IRA or pension fund contribution. When those pension funds start failing en masse and people are more concerned with having food on the table rather than monthly contributions to their self directed 401k then the game is over.

      Delete
    6. I tried to find a graph or chart as to how much money has been going into retirements accounts--ie, a yearly chart. Will keep looking.
      It would seem to me that with less people working, then less money must be going into retirement accounts these past few years.

      Otherwise I agree with you. My point is that there is much more money sitting on the sidelines that needs to be brought in before "they" crash the markets.

      Delete
    7. maybe Doc.....at least that's the message they are sending out .....

      Delete
    8. I remember all the previous bubbles and this one smell JUST the same with the media messages........I'll give you a "what if".......suppose they announce a "faux taper" in December of 10B a month......Market corrects 10 to 15%......the bud money jumps fully in as the market is "moving back up"..........but you don't even get a "tradable" double top and it gets monkey hammered this time down 25% which is considered a bear market and a "great time" to buy in. Bond market is now over 3.5% and a real crisis is brewing with QE announced at over 120B/mo to stem the panic. The final sideline money you are talking about and the really dumb money says "now or never" and moves in for the final distribution phase. This is obviously only a scenario that "could" play out in a rather short period of time but then the sideline money would be all in.........I do NOT believe the sideline money will chase this market without some type of "bargain" price presented. AND I do not believe there is as much sideline money as they wish you to believe. They are now long gold and silver and probably have covered there miner shorts......I'll stick tight

      Delete
  41. http://www.seekingalpha.com/currents/post/1422241

    ReplyDelete
  42. http://www.silverseek.com/article/silver-likely-decline-here-12713

    ReplyDelete
  43. http://blogdogcicle.blogspot.com/2013/11/texas-drivers-pulled-over-at-random.html

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  44. This comment has been removed by the author.

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  45. budfoxNovember 20, 2013 at 12:47 PM
    You know Kli, for someone who has gotten caught in the wrong trade (miners), while missing one of the biggest moves in stock market history over the past 5 years, you may need to re-consider the definition of dumb money. I wonder what your opportunity cost might be as a result of this. And Inlet, your idiotic Zimbabwe comparisons are laughable at best, so stop making a fool of yourself.

    Yes Kli, I've been long the market since 2009, I dumped my miners in summer 2012, and I continue to be long markets via various instruments at the moment. I also maintain a healthy cash cushion so it's not as though I'm all in. I'm never all in, which has probably capped some of my annual returns over the years. That's still magnitudes better than being down 90% on some miners, while missing out on huge gains elsewhere.

    Like it or not, the markets will continue higher over the coming 2-3 years. There will be no massive crash as long as all these doomers are screaming about it. Instead of defiantly holding to those miners most of which are probably headed to zero, why not look for some opportunities to make yourself some money?

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    Replies
    1. Well bud I would expect no less of a reply from you........after telling us a couple of months ago that you were essentially "out of the market" you are now "back in" in "various instruments" ....hehehehhe.......how quaint. I can say I'm long the market in various instruments too and that would be correct but NOT accurate. Many here would appreciate your input on some of your "various instruments" that you are LONG on now and roughly how much cash on the sidelines. You seem to be very good at showing up and crowing but short on any specific information on your equities and your cash percentage. You're still welcome to rip the miner trade and God knows its been terrible trade....but I will stick with it if I'm going to play in the paper market. As far as missing one of the "biggest moves" in stock market history.....I don't lose too much sleep over it. I think that "extraordinary measures" taken by the Fed "says it all".........you may believe the "greatest wealth transfer" in history is something you can stay long in but I like the "law of gravity" and believe that "karma" has no timetable.....gl bud.....I'm still sleeping fine and will stay in the miners. Meanwhile.....Do you own any gold?......heheheeheeheheheh..........I'll answer for you bud.....NO.........nor will you ever.

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  46. Can anyone venture a list of the most decimated (but promising) miners I should be looking to buy during year end
    tax selling? Currently no position.

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    Replies
    1. I like EXK and AG the best. I did like MUX but beginning to worry if it won't have to dilute in the coming year if metals prices don't increase. EXK is a real steal. But is likely to fall to the mid to low $3 range if GDX doesn't rebound quickly.

      Delete
    2. http://seekingalpha.com/article/1813562-endeavour-silver-management-discusses-q3-2013-results-earnings-call-transcript?source=yahoo

      Delete
  47. Yep, I've slowly got back into the market over the last few weeks. You want percentages? 50% cash, 50% equities. You want names? Verizon, AT&T, Pfizer, Waste Management, Apple, Microsoft, Home Depot, Costco, Wells Fargo. I continue to sell covered calls on these positions to generate income, as well as collect the dividends. And I, too, sleep just fine. Gold? Once it dips below $1000, I'll get some for sure. Good luck finding any physical at that price, you say? I'm sure there'll be plenty available.

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    Replies
    1. I'll repeat........YOU don't own any and YOU won't own any......but I would love to see your sub 1000 price

      Delete
    2. Bud is too dense to get the essence of the Zimbabwe example I gave. The equity market is not the economy and may do well while the real world is imploding. I suspect the US economy under all the false government #s is indeed imploding and that will become clear (and that is when real assets become very desirable). Poor Bud...

      Delete
  48. Gold Dec 13 1,244.90 -28.60 -2.25%

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  49. Ben slaughtered the gold traders today.

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  50. Bud - real world (not the equity market) - Financial-services respondents said they expect to cut jobs for graduate business students by 58% this year, government employers forecast an 86% plunge...

    Equity markets often lag the real world, unlike the crap the elites feed the sheeple the equity markets do not forecast the economy.

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  51. To your point Inlet "real world vs equity markets" check out the spread sheet below of gasoline sales the decline in sales illustrates exactly what you speak of but of course according to some around here there's "prosperity" all around us....

    http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=A103600001&f=M

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