Thursday, November 7, 2013

WINTER STORM WARNINGS?

Looking out across the landscape of the current market, one has to wonder just how long the illusion of "safe sailing" can be maintained. Daily there seems to be increasing evidence that the war for CONfidence is being lost. The market continues to "melt-up" and the usual response of past markets with sentiment rising is to see a correlation of increasing participation of the dumb money as the smart money unloads their position for a wash rinse repeat cycle. Is this time different or will the "dumb money" step into the trap? Without increased participation the ability to move out of these overvalued positions becomes less and less as the price moves higher. Dangling the bait of "recovery" and "growth" leaves the game a double edged sword that continues to grow sharper and sharper with each passing day. The rubber meets the road as more and more evidence that the "recovery" is rolling over as massaged statistics become increasingly "stretched". Let's not kid ourselves, we're in a mess and its going to need at the very least a major reset just to give the current strategy a chance at being successful. It has to have some steam let out of it and like they did in 87 a little brief shock may just do it. We may not be there quite yet, but on the other hand a "market event" seems to be gaining some steam here. It would provide the cover for further printing and after all.....what else is there for the central planners? Be cautious. Keep your focus on what's important and use common sense as usual. I apologize for the random posts but honestly there just isn't anything factual to really give me any encouragement. Non farm payroll tomorrow and if you get a chance to watch CNBS in the morning watch how disgusting they play the numbers game with it.  gl









30 comments:

  1. Well for once I'll disagree with you, there's plenty of encouraging facts out there and they're right in front of our faces, they ain't pleasant at times,they sure can be frustrating and at times down right depressing but as you always say once you understand your masters plan it all makes sense.

    http://www.zerohedge.com/news/2013-11-07/guest-post-america-being-deliberately-pushed-toward-civil-war

    The first step in problem solving is realizing you have a problem, now the question is who will be the White Swan that will lead the way or will it be millions of White Swans working towards a proper solution?

    The obstacle at the moment is the majority are in denial and illiterate to whats going on around them. The more the general population comes to reality the better chance we may have to get on the right course.....

    Now Bud, how's that for Hope.. hehehehehe


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  2. Gotta get this fixed before we can go anywhere......

    http://www.market-ticker.org/akcs-www?post=225821

    http://www.zerohedge.com/news/2013-11-08/whopping-932000-americans-drop-out-labor-force-october-labor-participation-rate-drop

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    Replies
    1. "dropped out"??? but WHY? There's such a resurgence you woulda thot they'd be gettin' in on all the "plunder"

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  3. friend of mine explained the "payday" loans and that Social Security recipients are using it a lot now and how they get 120$ out of their 400$ loan to carry them each mo........holy chit ......this is bloody

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    Replies
    1. Bet ya your Buddy didn't tell you who's behind the loan sharks :)

      http://www.nytimes.com/2013/02/24/business/major-banks-aid-in-payday-loans-banned-by-states.html

      Surprise, surprise, surprise......

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  4. The "good" jobs report may be "bad" for the markets, ie, good news may actually be bad for stocks. Will taper talks resume??

    Let's see what happens.

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  5. Fed now in complete Catch 22......the higher the pump the greater the fall......trying to thread the eye of the needle with an elephant........talk down their QE and watch for the Currency Wars to accelerate. He who devalues least........looses.....at least that is going to be the "game".....most believe the dollar sees one more squeeze up before it falls like a rock.......timing is the only variable

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  6. http://www.zerohedge.com/news/2013-11-08/another-jobs-report-another-leak-gold-plunges-treasuries-halted

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  7. http://stockcharts.com/h-sc/ui?s=MUX&p=D&yr=0&mn=5&dy=0&id=p43966867114&a=322705105&listNum=1

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  8. http://www.zerohedge.com/news/2013-11-08/guess-how-many-north-carolinans-have-signed-obamacare-website

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    Replies
    1. Hmmmm, I'll bet it was Sis! Hehehehehe

      What a mess, I believe the author in the link I posted above is more right than wrong....

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  9. Silver has GOTTA bounce or it's looking bad.

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    Replies
    1. not really......its lookin' kinda good if you're stackin' physical....;-)

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    2. Indeed....

      btw: I'm gonna puke if I hear one more time on the radio "How great the employment numbers" were this morning .........

      Bawwaaaaaaaaa!

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    3. speaking of puking...you can buy claude gold I just puked up my shares in one account and moved them into GORO and SSRI

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    4. Dam that had'a hurt! Ouch.....

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  10. 10 Year today, wow... Fed has really screwed this market up. They taper anytime soon and that will shoot to 4%. Housing is already in trouble, they can't.

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    Replies
    1. The FED has only two 'tools' at it's disposal.

      (1) More QE
      (2) Taper jawboning

      They will use both until the impact of jawboning is no longer material. Then they will be down to only one 'tool'. I use that term loosely.

      Delete
  11. hmmmmmm

    http://www.zerohedge.com/news/2013-11-08/turkey-gold-demand-spikes-8-year-high-price-drops

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  12. http://finance.yahoo.com/blogs/breakout/united-states-underemployment-why-wrong-jobs-propped-today-162511421.html

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  13. http://blogdogcicle.blogspot.com/2013/11/10-bodies-of-abducted-villagers-found.html

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    Replies
    1. Man that's fked up chit and we wonder why!

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    2. this evil will be brought to our own shores and we will be the ones picked up and tortured and killed..... we have turned a blind eye to our culpability in these wars and we will in turn be repaid by giving up our own security

      Delete
  14. http://stockcharts.com/h-sc/ui?s=PZG&p=D&yr=0&mn=3&dy=0&id=p68505292697&a=261926769&listNum=1

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  15. “It's all well that the people of the nation do not understand our banking and monetary system, for If they did, there would be a revolution before tomorrow morning.” - Henry Ford.

    “The process by which banks create money is so simple that the mind is repelled.” - John Kenneth Galbraith



    “Money is a new form of slavery, and is distinguishable from the old simply by the fact that it is impersonal, there is no human relation between master and slave.” – Leo Tolstoy

    “Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: 'Account overdrawn.'” - Ayn Rand

    “In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.” - Ezra Pound

    "The few who understand the system, will either be so interested in its profits, or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests." – John Sherman - Protégée of the Rothschild Family


    “All the perplexities, confusion and distress in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from the downright ignorance of the nature of coin and circulation.” - John Adams in a letter to Thomas Jefferson.

    "The study of money, above all other fields in economics, is one in which complexity is used to disguise or to evade truth, not to reveal it.” - John Kenneth Galbraith from ZH poster

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  16. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/9_The_Most_Remarkable_News_In_The_Gold_%26_Silver_Markets.html

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