Wednesday, December 18, 2013

EVERYTHING IS FINE

That was the mantra today as I listened to the shills on all of the financial networks prior to and after the taper announcement. The difference this time was the preponderance of shills were calling for NO taper as opposed to the last FOMC meeting when they were calling FOR taper. Of course we were "Data Dependent" each time which meant Taper was MORE likely this time???? Really???? What was the data change that provided the much heralded taper to be implemented this time as opposed to last time? Maybe it was the impressive number of large companies missing earnings this time AND the more impressive number missing top line revenue numbers. Let's not bore you with those companies and their numbers. Let's look at the results today. After implementing a disastrous health care policy and a further multi-trillion dollar budget deficit as far as the eye can see.......we had taper. 

Even the MSM commentators let the cat out of the bag after it was announced by repeating that taper was implemented for CONfidence.......that'sright....CONfidence....CONfidence.....CONfidence!!!! But what if there's an even more devious plan underlying today's announcement. Always look at the banks.  How do they make money on their prop desk. They make it trading and they make it by trading their book and they do that by setting up the other side of the trade. It doesn't matter whether its their clients even as long as there is another side. Go back and look at the recommendations of the big banks. Look at the preponderance of guests on CNBS. Once again the boat was loaded with NO TAPER talking heads and tipped over easily with a fake out down move to load the shorts when the surprise announcement was made for a resounding 300 pt approval move....which in fact was just the boyz making book on the algo bot short squeeze loaded in milliseconds. 

These markets are so dangerous now with the speed of light algo bots that you can be butchered in less than a few seconds if you're leveraged and NOT a big boy. (see naked gold contracts dumped in thin trading). This is not the market any longer for peeps. Its a market of predators and not just any predators......only the biggest in the jungle can play on this savanna. Look at all of the mixed signals the Fed sent out to participants the past few weeks. Do you think that was to give the non-insiders "CLARITY"? Or do you think it was meant to keep you in the dark if you weren't on the special Fed Christmas list? WHY do you think it was the Last Lame Duck act of Ben's to taper? WHY not allow Yellen that honor? Could we get another taper now in January? WHY NOT? Do you really not get it? What's 10 Billion or 20 Billion when we are still printing 65 billion AT LEAST a month and slipping another 30 billion through multiple back door portals.......and that's just the U.S.......let's not go to the rest of the Central Banks.

Funny thing however, the real economy is running on fumes. There's NO escape velocity being achieved as the debt just keeps piling up. Funny how Lawrence Meyers almost choked earlier this year when an attractive young CNBS interviewer asked him a very pointed question about the velocity of money. He was caught so off guard by this critical metric being brought up that he tried to profess no knowledge of what the metric was and to make his lies worse, when she followed up with another question regarding the velocity of money he changed his answer AGAIN. It just emphasized how important this problem is for them. They have had NO response in this critical area of the ponzi and they must have escape velocity or the whole pyramid scheme will collapse.

Meanwhile back on the range the predators are going to finish off what is left of the meat on the bones of the unwashed market participants and of the mom and pop savers that were dumb enough to have savings believing they could retire off of the CD interest. For five years now the flesh of these peeps has been carved off of their principle until many are facing only their Social Security.

Go ahead and believe things are recovering on this "sugar high", after all, that's just what you're being told literally every five minutes on all financial MSM outlets......so it must be true.....THAT is why the repeat it over and over and OVER! Because they HAVE to CONvince you. Why do they have to shout it OVER and OVER if its true? If it were true don't you think it would be so obvious. After all.....each of the past three Decembers the economists and talking heads have given us 3% GDP and PLUS numbers as predictions.....and we all know how those predictions turned out.....yet....for 36 months straight we have been in a "strong recovery". 

Big Banks are finishing you off while you're alive. They're carving what little real meat is left on your bones. Whether its stagflation or inflation that finishes you off......it won't matter......the system will reset. Its wash.....its rinse.....and its repeat. You see......that's how the big boyz make money. Ben knows exactly where the economy is. His masters know. Ben knew in 2005 there was a housing bubble.........when he said there wasn't. He knows exactly how this game is going to end too. His data is MUCH better than anything he shows us..........gl







93 comments:

  1. from Inlet

    Derivatives, QE, inflation, M1V, taper

    Anyone who thinks QE was about employment and assisting Joe Sixpack and his financial challenges needs medications for their mental condition. It had nothing to do with Joe Sixpack and his problems. It was about bailing out the big boys who found themselves in a situation.

    Bear Stearns and Lehman Brothers failed because they were foolish enough to become over leveraged to derivatives and could not meet promises under any stressful situation. Without government intervention others like Merrill Lynch and AIG would have gone under (same reason).

    Over time these derivatives expire, get exercised or offsetting derivatives bought. Without the change in the "mark to market" accounting rule to "mark to model" many more banks and financial firms would have failed. QE gained more time to reduce the trillions of dollars of derivatives in the world. Some have estimated that those derivatives may have been as much as a quadrillion dollars. There is no way to know the exact amount of such derivatives that were in the OTC market. Many such contracts were custom constructed for a customer to cover a particular risk.

    As these derivatives went away the "mark to model" became "mark to market". The result of this was the destruction of fiat money. This shrinkage of fiat money kept the economy from expanding as expected. It also kept inflation from appearing and threatened severe deflation. Also, corporations were being frugal and paying down debt which added to this problem.

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  2. more inlet

    Derivatives, QE, inflation, M1V, tape

    So the FED was in a box. QE was their solution. They could print money (buy treasuries), and reduce derivatives (buy MBS securities) which were offsetting transactions as derivative destruction (MBS purchases) reduced fiat money as treasuries purchases increased fiat money.

    One result of all this manipulation as the FED tried to avoid Deflation and reduce derivatives (0-3% down mortgages were heavily leveraged) was a slow down in monetary velocity. See the St Louis Federal Reserve site for information and graphs of M1 Velocity. Of course corporations hoarding cash did not help velocity either.

    The FED now believes the derivatives issue is controlled (destruction of fiat currency and deflation risk acceptable)
    The slow down in monetary velocity has stopped going down and has gone flat. The FED may tell you this is about employment improvements etc. That is BS.

    The FED believes the threat of deflation is now past and that inflation is more likely. So they want to stop QE.

    Being a cynic , I look at it like this - they have done all they can to screw over you and your savings with low interest rates. Now they are going after the rest with inflation.

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  3. and ZH shows you how the insiders already knew and set up the lambs for slaughter

    http://www.zerohedge.com/news/2013-12-18/who-knew-what-50-seconds-fomc-release

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  4. http://www.khou.com/news/health/Still-no-answers-for-mysterious-illness-that-has-killed-4-people-in-Conroe--236287281.html

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  5. CONROE, Texas – The investigation into a mysterious illness in Montgomery County is expanding as other hospitals and doctors report similar cases.
    The new case files are being reviewed for similarity to the eight at Conroe Regional Medical Center that prompted a Montgomery County Health Department investigation.
    Four of those eight patients died and two are still fighting for their lives.
    "We don’t currently have a diagnosis for what has caused those illnesses," Montgomery County Medical Director Dr. Mark Escott said.
    State and regional health departments have already been notified and are also looking for reports of new cases.
    "Other health departments will need to be looking for cases like this to make sure that we haven’t missed cases," Dr. Escot said.

    Technically, the illness is classified as an influenza-like illness or ILI. There have been nearly 2,000 ILI cases in Montgomery County this year, but these eight are different.
    "Eight serious cases at a local hospital that developed with influenza-like symptoms that developed serious complications, including death for four of those eight patients," said Montgomery County Medical Director Dr. Mark Escott.
    At least some of those patients, all between the ages of 41 and 65, developed pneumonia.
    They all tested negative for standard strains of the flu, and that is part of the problem.
    "The big worry about a situation like this is, ‘Could this be a novel flu of some sort?’" Escott explained. "It could certainly be lots of other viruses or other diseases but that is the big concern."
    Wayne and Judith Law recently lost their daughter to a similar illness. Fifty-year-old Gayla Marcantel died last week at a hospital in North Harris County.

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  6. Yup sure was a slaughter and being one of the great unwashed or brain washed, I expected the announcement of "Taper" to be a negative and push the market down and apparently so did many others based on the squeeze. These folks running the show are brilliant in the fact the "Taper" lite supports the BS that the MSM has been feeding us on a daily basis as you have pointed out above.

    Personally I agreed with Silver that they couldn't simply due to the fact the "real" numbers we are living in simply suck but HEY that's thinking logically......


    Now on another note: These RAT bastards did it again, pushed gold down another $20 between 3:30am/4:00am NY time after yesterdays afternoon's beat down!!! I guy has got to get some sleep you know!!!! Fk'ers........

    ReplyDelete
    Replies
    1. "Taper" is for CONfidence.....the actual amount is unimportant in the sense they actually can print EVEN MORE and have without telling you. The real impact of taper is to build up the banks balance sheets while maintaining CONfidence the economy is recovering and gradually working us towards escape velocity of money with one eye on inflation............they know how it ends already........but expect this year a 125 billion dollar taper.......hell.........they've already been doing it......but its the ANNOUNCEMENT that matters

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    2. We are in agreement with the Goebbel'esk economic script but and this is a big BUT, at what point will tapering become a negative in that it at some point by stopping printing funny money will it effect the the the market and cause it to drop? I'm just not getting this no matter how much I read, no doubt I'm certainly missing part of the puzzle or am I over thinking things, does it really matter printing or taper or both, they are going to push the markets higher until they don't, guess I'm dense!

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  7. Phil Davis wrote about Gold today--he believes 1200 will hold and thus possible to go long soon.

    Remember Keystone's 20/80 rule though, a fall past "20" could then go to "80". So far, we have fallen past 1220, so possible to fall to 1180. We need to see if that holds.

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    Replies
    1. I like that rule Doc......hehehehehe...........You have to give it to the cabal....they have masterfully manipulated the price with their 1 minute dumps of thousands of contracts in thinly traded sessions.......I mean seriously, WHO would do that unless it was THEM ......WHY would anyone destroy their own selling price that way unless it was INTENTIONAL. So bottom line is the price is being painted and the reasons are for YOU to determine. I am less interested in their reasons and more interested in knowing the actual physical is the real ball game and accumulating. The sheep are frozen and will remain frozen by the headline price and that IS one aspect of the game they KNOW works every time. Chinese and Indians are NOT peeps.......they know very well what is transpiring and that is another longer story.........but their tact is what YOUR tact should be......accumulate....

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    2. Should have waited an hour, Oh well......... Fk'ers!!!!

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  8. http://stockcharts.com/h-sc/ui?s=SSRI&p=D&yr=0&mn=6&dy=0&id=p47306078752&a=242315566&listNum=1

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    Replies
    1. Get back in that channel! How dare you try to escape ;)

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  9. I'm not sure 1180 holds this time if previous breaks of support hold true. Trying to think of a good cheap hedge at this point ugh.

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  10. Hmmm what's encouraging to me in all this bloodshed is GDX continues to hold that upper 20.40 range. But I'm not holding my breath, good sign if it does though!

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  11. Looks like they're trying to create the final flush on the trade so could crack 1180 briefly today.......just depends how much bullion they're willing to sell to paint it and flush those that have tried to leverage bottom pick.

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  12. this is an outlier .....we're in recovery ....starbucks says so

    http://www.zerohedge.com/news/2013-12-19/caterpillar-global-sales-down-12-crushes-recovery-hopes-negative-sales-around-world

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    Replies
    1. Yup sure are.......

      http://www.zerohedge.com/news/2013-12-19/initial-claims-worst-9-months-bls-blames-holiday-volatility

      Yeah I guess with all those "Holiday Sales" being rung up, they are laying off moar folks....

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    2. The cacophony of shrill cries of recovery grow like a chorus of baby crows crying for food........It might make one nauseated unless you realize that's all they really have and that's to create an illusion for the sheeple and have them spend every fiat dollar while they can to levitate the empire while the dollar retains (barely) its reserve status. That status is being gradually eroded by China and Russia with their swap agreements and their fiat for oil deals.........soon you will realize that all of those goods made overseas are rising quickly in price........very quickly........and that's when the reset has to occur

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    3. Fwiw: Did a little Christmas Chopping yesterday and I have to say with six days left every where I went was empty and I was out at prime time.....

      I inquired at each stop as I usually do most where small, one regional and one Box and everyone I asked pretty much said the same, much slower then last year....

      What struck me was at the regional, I and one other were the only two in the store!

      Also don't forget we had some pretty foul weather last week that kept folks in, so one would think those behind would make hay while the sun is shining , Unless......

      Wonder how they are going to spin this chit.....

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  13. Replies
    1. now look at it hehhehehe watta game

      http://stockcharts.com/h-sc/ui?s=SSRI&p=D&yr=0&mn=6&dy=0&id=p47306078752&a=242315566&listNum=1

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  14. I wish I were in the bullion pits right now........watta war......If this climbs over 1200 today then the have a "sneak bottom" in......right now it just below

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  15. Gold & silver are getting slaughtered right now!!!

    Gold Feb 14 1,199.10 -35.90 -2.91%
    Silver Mar 14 19.24 -0.82 -4.11%


    I'm armed and loaded with $$$$ when it hits sub 1000.

    ReplyDelete
    Replies
    1. If you use APMEX use promo code "prefed1" it will cover half the premium on an oz....

      Btw: What r u waiting for if this ain't blue light now.......

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    2. Tom: In all seriousness, why would I buy now when the fed has just tossed in the towel? They didn't even wait until the magic 6.5% unemployment #.

      At the very least, I'll wait til 1050.

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    3. Don't blame you Jay, in all honesty I'm thinking about dumping my EXK at a big loss and buying it back down the road. This seems destined to keep going down but... we'll see.

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    4. Jay,

      I wish you well in your quest and if it gets to that point I'll chop too, IF it can be gotten AND if the premium is not $150 per oz......

      A bird in hand is worth two in da bush!!!

      Anyway GL and enjoy the Holiday's

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    5. Well maybe I'm being dense again but there have been a number of articals kli has posted and many he has not that the day of true price discovery coming for da shiny stuff....

      What happens if it comes at 3:30am, like they have been doing with monkey hammering? Chit if you ain't holding it when it happens, well guess what, you'll be watching your screen holding something else...... IMHO!

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    6. And I'm not the only one with this mindset regarding this subject and others....

      http://www.barnhardt.biz/2013/12/16/on-timelines-and-prepping-dont-be-a-foolish-virgin/

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    7. good one tom thanks for that link

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  16. Ehhhh I'm hoping these mining charts aren't just closing their morning gaps... :(

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  17. KLI: I just read the ZH link you posted earlier....

    and ZH shows you how the insiders already knew and set up the lambs for slaughter

    http://www.zerohedge.com/news/2013-12-18/who-knew-what-50-seconds-fomc-release


    It's amazing they toss small fish like Martha Stewart in prison for insider trading and yet massive institutional insider trading by the "Friends of the Fed" doesn't even make a blip in the news. Kinda makes me wonder if the Fed, SEC and mainstream media are all on the same payroll?

    Gosh, now I'm starting to sound like a conspiracy nut. See what you guys did to me??!! :)

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    Replies
    1. Hehehe talked about the Penn Square Bank folding back in the early 80s here last night. We talked about how quite a few bankers actually did go to prison over that chit. And we haven't seen ANYBODY go this time. Unless you count Madoff which I really don't.

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    2. Interestingly, I worked at CINB then, one of their accountants told them things weren't right and what did they do? they fired her! I will always remember when the Feds came in and shut it down.

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  18. This is when they usually crush it more since there is even lighter volume...if 1200 holds today, it would be significant imo.
    Of course they're all on the same payroll Jay.

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  19. several miners green now.....hmmmmmmm.......Doc I think your PZG is through leaking

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    Replies
    1. I don't own PZG.
      Fortunately I have some K-Y jelly here to help me with my SVM position. Golly, has that been punished or what?? At least it pays its dividend soon.

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    2. Doc,

      I'm passed the point of KY on the junk I'm holding, I'm just numb ....... bawaaaaaa

      Delete
    3. At least we are still alive Tom, unlike Kli's water buffalo above.

      Delete
    4. if you were leveraged in the miner trade ........you've been long gone.....wiped out.....the only capitulation left in these are tax selling......good luck getting that big down volume day......just look at today

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    5. Agree we are unlikely to get big volume down day. Market turn in days? Feels like it

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  20. http://stockcharts.com/h-sc/ui?s=PAAS&p=M&yr=14&mn=2&dy=0&id=p91944174483&a=250884028&listNum=1

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  21. please watch the bloomberg vid posted above for what has REALLY happened........tells you everything.......the physical is gone

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  22. I'm out of EXK, and might even go short GLD soon. Charts look absolutely horrible. We don't bounce soon we should sink like a stone :(

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    Replies
    1. interesting analysis Hubz.......risk/reward looks just the opposite to me but each of us has to make our own decisions. They're accumulating and you're selling.........think about it

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    2. That's why I gotta go to the sidelines for now. This area is so crucial if it goes, I don't know where it stops... 1050? If it bounces here though I can get back in and just miss the first bit. But I hope you're correct I really do.

      Delete
    3. http://bullmarketthinking.com/billionaire-eric-sprott-%E2%80%9Cyou-have-to-be-a-buyer-when-people-are-non-believers/

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    4. the goal is to drive you out of your shares. Its just the game. From a Macro view this trade should only be higher than it was two years ago. We have more QE in fact we have QE to infinity. The taper is a joke and designed to delude the public that they CAN taper....they cannot......its just an illusion. I cannot defend the miner trade when its been destroyed, I can only tell you what the smart money is doing now and they are accumulating. I am only repositioning my miners and have no cash for miners ....ONLY physical and I have been buying heavy for months now....including today......gl Hubz.......most will not survive this from a trading perspective and those that do may get wiped out just as many MF Global customers did......CONtrary to what the media is saying now.

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    5. Speaking of MF Global........

      http://www.barnhardt.biz/2013/12/18/brokerage-firm-warning-fc-stone/

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    6. another sector they're cleaning paper out of to rotate into when they turn the market

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    7. I agree wholeheartedly with you and think your method is best. I just figure I'll know very quickly with this area if we're going up or down from here. It's so crucial. Hopefully we'll mark this as the Hubz bottom ;)

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    8. I think all paper as Red has said is crap......one of the main reasons I am still in the miners is in case they move this into inflation or fear WITHOUT turning the entire financial system into green glass.....ie I hold miners for the "rosiest scenario" eg 1977-1981......I didn't have nearly enough bullion four years ago........they provided that buy.......bullion won't help much in the bad/worst case scenarios......that's food water shelter and potassium iodide/cipro

      Delete
  23. http://globaleconomicanalysis.blogspot.com/2013/12/50-foreign-companies-operating-in.html

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  24. gold just popped over 1200.......I guess they didn't want to part with that last one ounce eagle

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  25. can anyone read this chart

    http://stockcharts.com/h-sc/ui?s=PAAS&p=M&yr=14&mn=2&dy=0&id=p91944174483&a=250884028&listNum=1

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    Replies
    1. Is this a Pop Quiz????? I didn't have time to study!!! hehehehehe

      Looks good but I ain't buying which means it will go back up and kiss $40........

      Delete
  26. I haven't been on here in a while, hope everyone is doing well and happy holidays to all!

    So the FED tapered, I guess the economy is finally taking off...of course it's taking off with broken wings, failing engines, and olive oil instead of jet fuel in the tank. So buckle up! Let’s be honest, the FED was trapped. On one hand, ‘the boy who cried taper’ strategy was losing effectiveness as it was getting exposed as an idle threat. On the other hand, actually tapering (as we all know) would have severe negative consequences on an already beaten and battered economy. Solution: Just taper slightly. The negative impact of the $10 billion less per month will be offset by the increased confidence that the economy is actually improving…or so they hope. They bought some more time now, but what’s the long-term plan!? Wait for the rest of the world to collapse first and be the last man standing!?...albeit a very weak and injured man. Perhaps enough time to begin a war as Kli has suggested!? Enough time to make preparations for civil unrest!? Who knows, who cares, just enjoy the time with family and friends.

    The clean, white blanket of snow this season will cover up all the sh*t underneath, at least in my neck of the woods. Stores are busy, though less so than last year. Plenty of empty parking spaces at the malls. In addition to Xmas shopping for others, I’ll be buying myself a few presents, made of a shiny material, with real value, regardless of its price.

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  27. Looking good so far on a bounce. Can't believe they aren't going to test 1180 though. Still on the sidelines for now.

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    Replies
    1. Probably it for the day. They are pinning GLD to 116 for opex.

      Delete
  28. price action represents continued accumulation........Event "the turn" could look just like today.......with June as the low in metals.

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  29. "2014 a breakthrough year for the economy" according to Obama hahahahaha!

    They're really selling 'confidence' hard...too bad nobody's buying.

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    Replies
    1. Its such a fraud that even the pathetic shills in the MSM are being forced to call "bullshit" on it.....oh, don't get me wrong....they'll still fall in line for their 7 and 8 figure incomes that are paid for their complicity.....but they are increasingly in a catch 22 as the Supercycle closes in on them too........just as it is falling on us. Having said that last statement, I too will enjoy the holidays and hope all of you can bring security and happiness to the ones you love. Compartmentalize this for a week or two but NEVER EVER forget what is coming.

      Delete
  30. closing comments.......watta joke.....bullish rhetoric off the charts as they lay the trap for the sheep. Man oh man......to show you how desperate this is Gartman said it will go up forever..........watta shill. None of this will end well of course but if you want to jump on a burning bus headed for the cliff ......be my guest.....

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  31. http://www.ingoldwetrust.ch/sge-physical-delivery-2073-tons-ytd

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  32. Kli, the only burning bus going off a cliff that I can see is loaded with miner stocks and the sheep that got into that trade and been led to slaughter as a result. Most miners are either going to zero, privatized, or nationalized. They'll do it by keeping the price of gold below production and driving them out of business. I'm glad Hubz finally got out of his EXK position, good for him. I got out almost 2 years ago, and it was the best decision I've made. You could've made a fortune by shorting the miners, but instead went the other way and for some reason, still pumping that trade. I think the best advice would be for everyone to get out, and make money elsewhere. You can buy a freaking index fund and it'll be up 20% in 12 months, rather than watching whatever is left of your miners bleed out. I think that water buffalo in that picture above looks like a miner trader.

    I'm excited about sub $1000 gold which is headed our way. I can finally use some of my casino winnings to buy some cheap gold.

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  33. Well budfox you are one of the more astute traders I've ever known and your sage advice will be taken and treated with the respect it deserves. Having said that, investing in a sector that has been beaten down 80%+ makes a little more sense than going long in a market that is reaching parabolic insanity. BUT each here will make their own decisions. gl budfox I hope the holidays bring you all you deserve

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  34. Wrong!!!!! He IS the most astute trader evvvaaaa!!!

    I'll bet he even schools the Oracal of Omaha......

    All hail the Bud!!! Hehehehehe


    Anyway, Merry Christmas and a Happy and Healthy New Year to all!!!!

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  35. hey tom.......ya think A&E might have made a little misstep....that's what happens when you have mindless management.......I haven't followed it closely but it sounded like his comments were NOT racist or anti-gay.......its almost as if someone WANTS to create this controversy as a diversion.........surely not

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    Replies
    1. Ya think! Hehehhee!!!

      Glaad’s latest attempt at P/C control and A&E’s capitulation (A&E is owned 50% Disney & 50% Hearst Corp, real stalwarts of freedom of expression and speech, how things have changed) reminds me of “The battle for Arnhem” in WWII, I believe they went “A Bridge to Far”……

      I’ve read his interview and I did not find it offensive nor racist, actually quite the opposite. He was interviewed and answered in the manner he VIEWS life, honestly and right to the point. There’s nothing wrong with that, actually it’s refreshing, whether you agree with him or not is not the relevant point, the point is one should be able to express their views in public without fear of retribution.

      I will assume the man is genuine and for voicing his opinion he gets the smacked down, yet how many others can give the smack down regarding our traditions and Christian beliefs are celebrated?

      Ahhh, the whole thing drips of hypocrisy!! All this PC crap is nothing more than the tail wagging the dog! In this case you have a very small percentage of the population demanding acceptance and tolerance of their life style, yet those that represent them, imho are the biggest bigot’s, racist’s and mean spirited individuals than those that they claim oppose them….

      This current dust up would be a good time to remind ourselves of the following:

      "When Hitler attacked the Jews
      I was not a Jew, therefore I was not concerned.
      And when Hitler attacked the Catholics,
      I was not a Catholic, and therefore, I was not concerned.
      And when Hitler attacked the unions and the industrialists,
      I was not a member of the unions and I was not concerned.
      Then Hitler attacked me and the Protestant church
      and there was nobody left to be concerned."

      A version of Martin Niemoller's famous quotation or poem actually comes from the text of an Address he gave to the United States Congress in 1968 and which appears in the Congressional Record, October 14, 1968, page 31636.

      Frankly I’m glad (no pun intended) that this has unfolded as it has because it may have just created the “Butterfly Effect”……

      Folks are just getting sick and tired of being stepped on, lied to and demonized for what they believe in and their lifestyles.

      We shall see but you can’t disregard the support that Phil has received in such short order, this is just the type of thing Think was talking about!!!

      Anyway as I see it Glaad and the rest of these Organizations are missing the boat, if they actually took the time to read that old dusty document “The Declaration of Independence” they would see that their “rights” are already spelled out in part of the preamble along with EVERYONE ELSE’S!!!!!

      “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”

      I’m sure there are those that are grateful for the distraction, hehehhehe

      Delete
  36. Well Tom, it's good to make money, and lots of it. What are your plans for 2014? Back-up the truck and buy miners? Don't be a sheep Tom and deliberately lose money. I mean, what sane individual would do something like that? They won't crash this thing until Dow 20k, so there's still 30% upside left in this market.

    But, as Kli said, we all make our own decisions, and I guess some people like getting into bad trades and lose money.

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    Replies
    1. Bud,

      I glad you cared so much to ask "What are your plans for 2014?"

      "Escape from NY", nothing more, nothing less,

      However you will be happy to know I have no intention to add to my basket of miners although I might regret it......

      Your a good sport Bud,

      Have a Merry Christmas and a Healthy and Happy New Year!!!!

      Oh and can you guys get the freaking Healthcare Web Site right, hehehehhe

      Delete
  37. Yeah bud.....I'm on the Benyellen bandwagon with ya.....buyin a boatload of AMZN CMG and SBUX.......should be good for a triple or a bubble er double........ I like "deliberately" losing money hehehhehehhehe.......gl bud and have a happy holiday....btw how's your job?

    ReplyDelete
  38. http://www.storyleak.com/phil-robertsons-suspension-scariest-message-ever-sent-america/

    ReplyDelete
  39. Jim Grant in ZH
    Janet Yellen is the quintessential academic economist who is now in charge of what we ought to call – in the interest of plain speaking – price control. They certainly mean well but they have led us on a path of price administration rather than price discovery.

    What do you mean by that?
    If you ask economists they will tell you that price controls are a very bad idea. But that’s exactly what these mandarins at the Fed are doing. We are embarked on a unique experiment in monetary manipulation. That kind of central banking might be more accurately called central planning. One time, I therefore asked Fed-Governor Jeremy Stein in an open meeting if he could help us understand the substantial economic difference between central banks manipulating money market interest rates on one hand and traders at commercial banks manipulation Libor at the other. He just denied answering it. Also, since interest rates are artificially low the valuation of all earning assets must be called into question. This is the difficulty investors are facing the world over. We live in a hall of mirrors thanks to the zero interest rate regime and the chronic nonstop interventions by central banks

    What are the consequences of these distortions?
    One distortion is that people who are in the business of dealing with distressed debt have very little to do these days because there is less and less distressed debt because there are fewer bankruptcies. That’s because interest rates are so low that companies, even in a very bad way, can survive. That reduces in an unintended fashion the dynamism of our economy. In a dynamic society entrepreneurs start things and other entrepreneurs finish them or bankers finish them for the entrepreneurs because the entrepreneurs have failed. Without failure there really can’t be any success. Otherwise you have a futile system of permanent state sponsored enterprises. So our manipulated interest rates have given us a society that, in commercial terms, is much less dynamic than it should be.

    ReplyDelete
  40. Don't read this bud.......its from KWN

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/20_The_Spectacularly_Frightening_Reality_As_We_Head_Into_2014.html

    ReplyDelete
  41. Job is good Kli, just this past week, my contract has been extended for another year, end of 2014 (I'm an IT consultant with a focus on systems design). So, thankful that I will continue to have a well paying job, save, pay down the house, and not worry about doom and gloom.

    Merry Christmas and Happy New Year to all, I hope it's a good holiday season. That Phil Robertson link you sent is a must read, and what happened to him should scare the heck out of everyone.

    ReplyDelete
  42. You're right bud.......ignore the "doom and gloom" and drink the kool-aid........oh wait......then I guess that Phil Robertson link is just something you can "compartmentalize" while you make a "killing" in the casino.......hope those gov bucks keep flowin' for your "systems".....

    ReplyDelete
  43. http://www.bloomberg.com/news/2013-12-18/at-61-she-lives-in-basement-while-87-year-old-dad-travels.html

    ReplyDelete
  44. Perhaps we should all just stop watching the stupid television. This alone will send a message to the MSM.

    Well, I did listened to the Financial Sense Radio Show. Don't shoot me now, I am just reporting what they said about Gold & the S&P.

    1) Gold dropped to about 1186, thus did not test 1180 yet. They expect 1180 to be tested.
    2) Gold will likely drop thru 1180, and then quickly test 1100-1110 area.
    3) If 1100 fails, Gold will drop to 1050.
    4) If 1050 fails, it will fall to 1000 and they expect 1000 to hold.
    5) If 1000 does fail, then we fall to 850.
    6) Financial Sense advises waiting to hear everyone absolutely puking up their metals. Once there is endless disgust regarding the metals, then that will mark the bottom.
    7) They still feel the S&P will hit 1850 before the end of the year.
    8) First quarter of 2014, S&P will hit 2000.
    9) Once at 2000, there could be a large correction down to 1660 or so. They describe this correction as being a scary one. Any thoughts on this Inlet?? Your charts??
    10) They advised buying the market again after the correction.

    There you go. This was their last show of the year.

    ReplyDelete
    Replies
    1. I suggest you read the link below doc.....and it certainly can correlate with the financial sense scenario you printed......also Quigley is an insider in the system and has been a major player

      Delete
  45. I cannot over-emphasize how important this article is

    http://www.zerohedge.com/news/2013-12-21/hidden-motives-behind-federal-reserve-taper

    ReplyDelete
    Replies
    1. Well so much for "compartmentalizing" hehehhee, good read......

      Delete
  46. the herd mentalty
    one says it is so ...then others will say it is so.
    the problem with the herd thinking is you will surround your self with same thinking people

    no I am not talking about this site.This site has a 50/50 mix of pro/con & feedup..LOL
    pro/con mix of S&P...DOW....Tech & meds stocks
    is there a point here....yes

    do you belive your lying eyes

    can you read a P&E statement?

    2 people on this thread called it something. in the pix above

    they called it a water buffalo

    one said...I think that water buffalo in that picture above looks like a miner trader

    sorry...I see a wildebeest....not a water buffalo..

    my charts are right side up

    paladin




    ReplyDelete
  47. http://www.youtube.com/watch?v=M1owcncKCHg

    must see.......to turn your charts right side up.....LOL

    ReplyDelete
    Replies
    1. excellent...... sadly we are just monkeys to the cabal.........and we just like those monkeys....LMFAO

      Delete
  48. Mea culpa!!

    You know, when I looked at that picture, I thought that it was either a Wildebeest or Water Buffalo and I was too busy to google it, so I went with Water Buffalo.

    Sorry everyone. Excellent pick up paladin.

    ReplyDelete
  49. http://www.brotherjohnf.com/archives/252859

    ReplyDelete
  50. must listen to interview and says the same thing said here about FOMC announcement

    http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/12/22_Dr._Paul_Craig_Roberts.html

    ReplyDelete
    Replies
    1. BTW budfox.......you should listen to the end of the interview....he gives your scenario a VERY strong possibility......hehehehe....and its on that Damn KWN......heheheheheheheh.....you need to expand your horizons bud

      Delete
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    ReplyDelete