Sunday, January 12, 2014

ITS THE GOLD DUMMIES!

WHY? 
What do you mean why?
Why don't you show me my gold? After all it IS my gold! If you won't let me see it then give it back to me.
OK. We will do that. Over the next ten years we will give you back a total of one third of it. Hows that?

Sometimes when you're caught in the middle of a ponzi and you listen to all of the voices telling you its not a ponzi and giving you a hundred reasons why, it does become a little confusing. After all we're talking about the most powerful international cabal operating in over 150 countries for hundreds of years. Do you really think you are going to be privy to their true interests? Let me guess...when President Obama told you back in 2008 that he would have the most transparent economic/market administration in history, you believed it. I wanted to. After all isn't that how true capitalism works for price discovery and optimal function. I guess when they showed him "the film" he realized he would wind up choosing a different road. Which brings me to the point of this thread. How can you sift through all of the noise to find something that provides sanity to support your thesis if you believe that something really is horribly wrong with the public meme that's being pounded into your sheeple brain everyday?

When someone challenges your view on precious metals just ask them to explain this. WHY after over a year has Germany only been given 37 tons of THEIR gold from the Fed's vault in New York? What's worse......the Germans were NOT allowed to even LOOK at their gold for even a cursory audit. 

I'm not very smart but I think I smell a ponzi. In fact this may surprise you but I don't even think the gold is there anymore. Are you shocked? I am. WHO would have thought with the gold price falling like a rock that it would be hard to give back a barbarous relic to solid Western ally such as Germany? Its simple enough. Just show them the gold and explain to them why you have to wait ten years to just give them a portion of it back. But wait...there's more. You know that 37 tons of that barbarous relic they finally gave them. IT WASN'T EVEN THEIR GOLD. It was rehypothecated/recast .999 fine gold with obviously NONE of their registered stamps. What would you do if you were the Germans? Crickets.

There are still plenty of sheep out there that don't get it and never will so don't get your panties in a wad if you don't get an immediate WOW when you give them the above story. After all they're waiting for the much lower prices to buy as I'm sure they will tell you. And when you ask them how much gold they have "just in case" that washout low price doesn't materialize......the true answer is "my high school ring". After all we've got bit coin now and Google is over a thousand.

Just before you leave the conditioned lab rat, you may want to ask him to explain WHY the Chinese government has not released their gold holdings for over 6 years. Then ask the mutant grave stone standing in front of you WHY the Chinese government just imported over 2000 tons of gold this past year alone. It just make no sense. Chinese are considered the to be some of the most astute business people in history. They also are known to be the longest term economic planners in history. Maybe that's why Swiss refiners have been running 24/7 for three years now melting German/Swedish/Dutch oz bars into kilo .999 bars.  Nahhh......that can't be true, after all a price collapse in gold means that gold demand is dropping.  What do you think Geithner was promising the Chicoms with all of his trips over there four years ago. hehehehe

Sometimes its better to pay attention and watch the left hand and NOT that right hand waving with the white glove on it. gl with your plan.





56 comments:

  1. Martin Armstrong's monthly bearish reversal number is 1152...a monthly close below that will lead to further declines. Then there's this: Moody’s Cuts Gold Forecast to $1,100, Says Some Miners Are ‘Stretched’
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    By Brendan Conway

    Moody’s Investor Service on Wednesday lowered its forecast for the price of gold in 2014 “and beyond” to $1,100 per ounce, from a previous $1,200. In the process, the ratings firm warned of possible credit actions against gold producers.

    “The increasing risk of lower prices suggests that key credit metrics of certain producers are stretched for current ratings,” in the absence of cost cuts or other actions, wrote the firm’s Darren M. Kirk and Donald S. Carter in a release. More here:


    ASSOCIATED PRESS
    Moody’s will evaluate the impact of lower prices for each company individually over the coming months. Moody’s expects that fourth quarter 2013 reporting and additional discussions with management will provide more insights into the ability and willingness of producers to lower their overall costs in response to market price deterioration. However, this does not preclude earlier rating actions for issuers that are weakly positioned in their ratings or where Moody’s has concerns about a company’s liquidity.

    The firm also reduced its forecast for the price of silver to $18 per ounce, from $20.

    Checking in on precious-metals and mining-related funds Thursday, SPDR Gold Trust (GLD) is ahead by 0.2%. Market Vectors Gold Miners ETF (GDX) is down 0.5%.

    Leveraged mining ETFs Direxion Daily Gold Miners Bear 3X Shares (DUST) and Direxion Daily Gold Miners Bull 3X Shares (NUGT) are moving by about 1.5% apiece and iShares Silver Trust (SLV) is down 0.4%.


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  2. Keep in mind these are the same ratings agencies that are told by the big banks how to rate their own paper hehe. "Aren't the rating agencies, which are paid by companies who issue securities to determine (rate) their creditworthiness, geared to help investors understand the risk profile of a security? " Now how can a bank direct a rating agency how to rate itself?

    They all make money on the way up and when the bubble pops, insert taxpayer bailout $$$ here. Why have ratings agencies at all? OMG how are we different from the Soviet Union at this point??? hehehehe


    http://www.huffingtonpost.com/2011/04/14/rating-agencies-financial-crisis_n_849410.html

    http://www.cbsnews.com/news/moodys-ceo-buffett-make-ratings-agencies-seem-pointless/

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    1. OH, when the SHTF in '08, that's exactly what someone close to me said--"welcome to Russia"...at the time, I thought it an exaggeration and was shocked. But now I know that is a perfectly good comparison...also, what is the name of that book you referred to last week? thanks so much.
      Also should have put hehehe after my post.

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    2. careful there....that may ultimately be an insult to russia........the phrase may be turned in the near future to "welcome to the USSA"......unlike our friend budfox, our future with our malinvestment and structural obstacles could take decades to sort out.....Russia on the other hand has no debt and resources galore......

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    3. Gold Warriors: America's Secret Recovery of Yamashita's Gold by Sterling Seagrave, fascinating read. Documents one of the Emperor's nephew trying to hide and bury the gold all over the Philippines before we got there. Also gives some good info on the Fed issue a bunch of Treasuries and then when someone goes to collect they say oh, we don't honor that paper any more. I forgot the name of the bonds. Anyway it's a great book.

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    4. "Originally used to fight communism, the Black Eagle Trust, according to the authors quickly became a global slush fund used to bribe national leaders and manipulate elections around the world. "

      "What we learn is that rather than truly seeking to help the Japanese, Chinese, and other looted nations recover in the aftermath of WWII, the most senior leaders of the US government, no doubt with the best of intentions, actually conspired with Nazi bankers and the Japanese imperial family to create a Black Eagle Trust controlled by a very select hand-picked cabal in Washington."

      "According to the authors, major banks are "addicted" to the funds and would face collapse if public investigations resulted in a forced return of this gold and related certificates to the rightful owners."

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    5. Thanks so much old hickory...looking forward to reading this.
      And Kli, you may be correct. I think to a great extent that person was referring to exactly what Chris Hedges is talking about in the video above. No real freedom for individuals. I'll bet most of the current pres' supporters have no clue about Section 1021 or other invasions of our liberties.
      Of course we never convince anyone until it's too late; plus even those aware have no idea what can be done about it.

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    6. I say this half jokingly of course, but be careful sister, once you take the red pill, you can't go back again.
      Like a splinter in your mind. Fascinating but truly scary to know what goes on behind the scenes of power, so very very very different than what people are told as the truth today, a tale of two realities.

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    7. great find hickory......thnx!......on the road today and will soak it in later

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    8. I am glad I could finally return the favor, I want a full report by the end of the day ;) Seriously, it's a long read but worth it. One more thing, you can't eat gold. hehehe.

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    9. EXACTLY and I joke that gold and silver are NOT for the true SHTF scenarios.....they are for my "rosy" scenario ........Immred's Alpo guns bullets water are not going to be traded for gold or silver in a true bottom eating breakdown.....so I suppose the silver and gold makes me an optimist that the casino wins.

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    10. OH,

      Your right you can't eat it but you certainly can use it to acquire provisions that others will not be able to with funny fiat......

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  3. real money vs fiat (fake) ........its the battle of our lifetime......which one will win you ask? If you have to ask then apparently you haven't been paying attention over the last one hundred years. In 1970 a dollar would buy you five gallons of gas. Today it takes 20 dollars for five gallons of gas. In 1970 40 bucks would buy you an ounce of gold. today its 1200 bucks for an ounce. A dime in 1964 would buy you a snickers bar.........today $2.50 buys you a 1964 dime.........and on an on...........fiat win against real money???? I think that battle was never a fight.

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    1. My parents paid $17,500 for a nice house in the best neighborhood in 1955...that same house is approximately $650,000 or maybe a bit more today...it has been renovated but the lot/house are basically the same. We lived on a nice middle class one-worker income. I think it was about $18,000....we had 3 cars and my brother went to college the following year! Imagine that. Of course, that income was hardly taxed...

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  5. Sis,

    You mentioned the word "Farce" in one of your posts the other day, been thinking about it and the question is "What today isn't a Farce"? and that's putting it politely.......

    Read the following.....


    http://www.weeklystandard.com/blogs/bailing-out-health-insurers-and-helping-obamacare_774167.html

    Make's you want to go cross eyed and bark at the moon!!!!!


    Here's one that Bud never experienced, when I was a kid you could ride your bike down to the local 5&10 store and get 10 hard candies for a PENNY! Now that was living and if you had a quarter in your pocket, man you were living large :-)

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  6. Wouldn't it be funny if the Federal Reserve and Big Banks did indeed sell everything to China, they are so used to screwing everyone else including their customers, the taxpayer, other countries and on and on and on, you can just point the finger and laugh and say "you finally did it to yourself, you finally did it to yourself" hahaha.

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  7. Some comments:

    ARNA breaking out--now above its 20, 50, @ 200 ema's.

    Phil Davis likes SHLD as a top pick this year. He believes the price has fallen too much and could get bought out.

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  8. 200% gain on ICPT puts from Friday. Whew! Were 400% at the open but due to wacky spreads couldn't get out of them in time. Ah well! I'll take that easy gain :)

    Miners looks GREAT if they can close and hold here for a day or two IMO. Still holding my ZSL puts that expire this week. Hoping for a big flush.

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    1. Went ahead and sold ZSL puts. Put a much higher ask out there and it got hit so taking the money and waiting to see if it can break out here.

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    2. good job.......still nothing confirmed on any breakout so you should take it and go

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    3. http://stockcharts.com/h-sc/ui?s=EGO&p=W&yr=6&mn=2&dy=0&id=p39230070035&a=330002921&listNum=1

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  9. Credit to HonestCredit.....MSTX and ISR are having monster runs...

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  10. Hmmm I'm going to go ahead and press my luck here a little and gamble on some cheap SLV calls. Things seem to be aligning FINALLY for a run of some sort.

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  11. congrats chuck!!!!

    sentiment on market remains..........tada....................complacent

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    1. KLI: if the market keeps tanking will Yellen stop the tapering?

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    2. I'm starting to think Kli may be right. Taper until people scream for more printing, then it gets out of control.

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    3. Will they be screaming for printing when their bread costs $10 a loaf?

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    4. I have said for months now they are already printing over 100 billion/mo........maybe a lot more.....BUT the ANNOUNCED tapering is just another way to jawbone the "recovery" and give a false sense that they can extricate themselves from bond buying......they cannot.....maybe they slaughter the market this year ......I DONT KNOW.......but one thing is certain.....for them to ANNOUNCE another bigger and better bond buying QE they will have to put FEAR into the public........ my bet with the goldman boyz was for april to announce a bigger QE........doesn't mean i will be right......

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  12. Too Funny......

    These idiots have just figured this out now!!!

    http://www.washingtontimes.com/news/2014/jan/13/medicare-overpaying-millions-erection-pumps-report/?1

    Hehehehe and they're running Healthcare!

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  13. Bangkok shutdown for one month should be interesting.

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  14. Kli
    Do you know How I can reach Honest Credit guy by Email?

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  15. Half full or Half Empty?

    http://blogs.wsj.com/economics/2014/01/13/half-of-u-s-counties-havent-recovered-from-recession/

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  16. http://rt.com/news/fukushima-fish-cesium-radiation-548/

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  17. Hmmm, even Phil Davis mentioned the 1929 chart in his post today. Could the pattern repeat??

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  18. Silver could squeeze here a decent amount.

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    1. Annnnd someone just dumped like a million shares of SLV on the market. They are NOT going to let this breakout. UGH

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    2. Nope, at least not yet.....

      http://www.zerohedge.com/news/2014-01-14/gold-monkey-hammered-stocks-spike

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    3. Yep, these flash crashes are getting tiresome. I feel like they are saying "no soup for you"!

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  19. ANV being sold; trading halted.
    Axel Merk points out that economic growth ironically will cause bonds to fall, rates to rise which would not be feasible for the U.S. As you've pointed out so many times, it's a Catch 22. So they will opt to CYA rather than help the ordinary citizen.

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  20. Whelp... I want to throw up. ICPT puts I had for 75 cents I sold yesterday for $2.20 are now worth $22.

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    1. Wow that's a once in a decade return but I wouldn't have done anything different and honestly the way my luck runs with options, if I held instead of being worth $22 it would have been worth .22¢………………

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    2. Hubz,

      I don't know if this will help you feel better, but I knew a guy that brought a bunch of Dell stock when it 1st came out as an IPO. The stock went up a little, and then he sold it for a small profit. If he had just held onto it, he would have become a millionaire.
      You just never know.

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    3. Won't make you feel any better but this has happened to me a number of times. I told my father and my brother to buy QCOM which they did for $105 and the stock proceeded to move quickly to about $800. It made a $150+/- move in one day around Christmas. I was in and out of options and I wasn't in on the big move. I was happy for my father and bro but I felt very upset for a while but you do get over these things.

      I feel worse missing out on these moves than I do if I lose a little money. Maybe that's strange but that's how I'm constructed.

      I made a killing on BSC when it crashed but had sold some of my put options the day before it went from $30 to $2.. That sale cost me about $40k but I was still holding a bunch of puts so I made a lot of money on the move. Still felt bad about the missed opportunity even though I did quite well.

      There will be other opportunities although it really does hurt to miss a big one. I feel for ya.

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    4. That would have been a 2900% gain HUBZ.

      If you had $1000 worth, you could have had a new car right now.

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    5. Thanks for the sympathy fellas. I've had some big misses before but NEVER like this one. But I will get over it, never thought I'd feel so sick taking a profit so we are wired the same Silver :) I did take the sting out of it a bit today by buying some TSLA calls 175 calls for 22 cents that should be up nicely tomorrow.

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    6. Whoo! 6 bagger on the TSLA calls. Damn lucky on that.

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  21. On the run today also and will have new thread tomorrow night.

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  22. Silver king.........I'll one up you on qualcom.........I was in at 20 ....1000 shares.....held it for several weeks/months....can't remember but was a trader then and didn't like holding long........THE DAY I sold it...it was 22.......and it immediately began moving up to over 800...hehehehehhehe.........I also owned vasotec for a dollar and had over 70K shares.........and it hit 14 in two weeks.......I found out at 9 that it had NO proprietary revs and managed to get out at about 6.........you should have seen the sell sheet for 67K shares that day........it was two pages long

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  23. If anyone doubts the miner story has some VERY MAJOR players controlling it.....and anyone trying to "stink bid" a miner that is NOT pre- appoved just look at the ANV story today.......DONT PLAY IN OUR SANDBOX

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    1. From these last couple of posts I am learning to do as the Romans do and quit trying to carry the weight of the world on my shoulders as it gets you nowhere. Stranger is a strange land puts it mildly. Money doesn't solve your problems but it certainly makes conditions more comfortable. I need to start listening better to people's casino picks as my picks are to aligned with what the ptb are containing.

      http://www.youtube.com/watch?v=7zotYU21qcU

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    2. They did the same thing with CEF at eod on Friday...mini flash crash. On Monday morning it was up huge. Who in the world can trade that? Only the bots for sure. And who could be prosecuted for this kind of manipulation? Hehehe. They are so evil...

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  24. There is a negative article about ARNA on SA stating that there has been insider selling. But it turns out that the 4 insiders that sold were simply closing out stock options that were due to expire this month. So, some of the commentators on SA are trying to get the article pulled.

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    1. Thanks Doc. I own some; Thomson Reuters also downgraded it today while it's up over 7%.
      Not sure what this means but every silver miner I own/is on my watch list is up today in spite of the lower spot price of silver.

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