Sunday, February 21, 2016

WHAT HAPPENS WHEN THE REASONS START TO DIE?

You know what happens. Its the warm weather. Its too much oil being produced. Its a birth/death rate problem. Its too much savings. Its cash itself. Of course there's and excuse for every aspect of the economy and the stock market, which is purported to reflect the health of the real economy. You know......that "wealth effect"....that oh so important..."CONfidence". So what does happen when the REAL money...the Wall Street money decides the game is up? After all, the masters of the con know every con has a point that you have to pull the plug. The only question we have now to answer is what pattern they choose to exit the casino. They know their course of action and they know the fiat game is winding down. After all what REASON could anyone have for holding this worthless fiat ponzi paper much longer?

The rule of alternates will most likely apply to the overall market takedown but even they can be confusing to traders aware of their implications. They will also apply most likely to gold and metals also. So go back and look at the last move of gold and miners off their bottom in 2008. It already is much different. That was a moonshot off the lows with the GDX doubling in less than three months. Then a relatively tradeable move ensued for the next three years before this nasty bear took over to shake out the piglets that jumped on. Wallstreet and the real money....the boyz...will behave as sharks behave and they will feed. They will feed on the blood of the slaughter of the innocents including themselves as sharks always do....its their nature. Enjoy the game...and if you want to play then understand this run will be not only epic but most likely the last great hurrah in your lifetime of market gambling. 







50 comments:

  1. the REAL story

    http://www.zerohedge.com/news/2016-02-22/why-bonds-arent-buying-bounce-and-why-guggenheim-expects-10-year-yield-drop-below-1

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  2. Consumer squeeze starting. Amazon making it more difficult to get "free" shipping. Starbucks cutting back "rewards" program... It is all good. BAWAAAAAAH!!!!

    ReplyDelete
    Replies
    1. BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA.......yup the meme is getting long in da toooooth

      Delete
    2. Who cares Starpuke's Coffee is too freaking expensive and sucks to boot......

      Delete
  3. Hehehehehe.....

    Dumbfuk doomers still at it I see! The collapse is imminent, right Kliguy?

    8 years and counting, at least you are consistently dumb, I'll give you that.

    Bwahahahahaha!!!

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    Replies
    1. You da best Bud....BUY DGLD....howz dat wurkin fur ya......hehehheheheheheh BUY AAPL BUYBUYBUBY

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    2. buttfox is back folks.....the short squeeze brought back wonderboy......hehehehehehehehehhehe..........live it up skippy it wont last long

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  4. Went to high school with Bailey's son. Always wore sunglasses so you couldn't tell if he was a sleep. Was a dreamer but had to get a day job like the rest of us.

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  5. So I think I figured out why Larry Summers wants to get rid of the $100 bill.

    "The US flew nearly $12bn in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it and how it was being spent.

    The staggering scale of the biggest transfer of cash in the history of the Federal Reserve has been graphically laid bare by a US congressional committee.

    In the year after the invasion of Iraq in 2003 nearly 281 million notes, weighing 363 tonnes, were sent from New York to Baghdad for disbursement to Iraqi ministries and US contractors. Using C-130 planes, the deliveries took place once or twice a month with the biggest of $2,401,600,000 on June 22 2004, six days before the handover.

    Its chairman, Henry Waxman, a fierce critic of the war, said the way the cash had been handled was mind-boggling. "The numbers are so large that it doesn't seem possible that they're true. Who in their right mind would send 363 tonnes of cash into a war zone?""

    So I have to ask, how many people on this board either a) voted for the approval of this cash being sent there or b) were part of the operation themselves. You know who you are hehehe.

    But I am trying to look at the bright side, when negative interests rates finally do come, I will finally be able to afford a house because, in essence, they will be paying me to borrow money and have a mortgage. I can't wait. I just hope it doesn't double the price of a house again though.

    -Old Hickory

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  6. OH, where is what you are quoting? I'd like to send it to a few people. If this doesn't tell us what's wrong with government, don't know what would....Many thanks.

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    Replies
    1. http://www.theguardian.com/world/2007/feb/08/usa.iraq1

      "The memorandum concludes: "Many of the funds appear to have been lost to corruption and waste ... thousands of 'ghost employees' were receiving pay cheques from Iraqi ministries under the CPA's control. Some of the funds could have enriched both criminals and insurgents fighting the United States."

      Whoops, they just made a mistake is all.

      Tax season is coming up hehehe.

      -OH

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  7. Another Nevada caucus tomorrow...did I read it correctly that fewer than 12,000 voted in the Dem caucus?
    Also, what happened to RIC today? Spot +$13 tonight. And although we don't like him, what do you make of this?: http://news.goldseek.com/DanNorcini/1456240020.php 39 tonnes of gold added to GLD vaults, wonder whether DGP added 78 tonnes, lol?

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    Replies
    1. ric chart .......relax

      http://stockcharts.com/h-sc/ui?s=RIC&p=D&yr=0&mn=9&dy=0&id=p60758817970&a=443878000&listNum=1

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    2. Dan Norchini makes me PUKE!!!.......don't have ANY problem with his technical analysis, and in fact stated myself numerous times that the miner trade and gold were technically broke and a CROWDED trade three years ago...I stayed in my positions for my reasons however and was creamed and again I slept fine. BUT.....Norchini denied all evidence these were CRIMINALLY MANIPULATED markets through dark pools, algobot/Fed money/media lies etc etc.....AND attacked the people with the EVIDENCE......so he will never get the time of day from me. He's prevented many people from accumulating physical gold and silver and that is unpardonable.

      Delete
    3. I no longer refer to him as Trader Dan. He is Traitor Dan.

      Delete
  8. dont wurry bout RIC (lost money in the last quarter but profitable for year) all noise and technical correction......and quit payin' attention to the Kabuki theater of the CONs

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    Replies
    1. Saw that, just thought the price reflected overreaction yesterday.
      Re: Norcini, just meant are his numbers about GLD true? That's all, nothing more. Haven't read him for at least 2 yrs.

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    2. I think he's tryin' to redeem himself for his support of the scam by saying GLD "means something" ......hell, I could care less what's in GLD or any other "CONtrolled" manipulation vehicle these slimeballs use......its set up to obfuscate and CONfuse....so I try to pay little attention to their BS......just trade a little part of my core and buy physical every week.

      Delete
    3. BTW sista the CONstant prediction that gold would go to SUB 1000 and that GDX would hit 6 are very effective for keeping the retail OUT of the trade while the boyz accumulate paper shares and real physical

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  9. talk about one of buttfoxes favorite pigs.....man o man......skippy....this has a lotta blue lines ta git up above now....twy to cwimb up there lil piggy hehehhehehehehe

    http://stockcharts.com/h-sc/ui?s=NFLX&p=D&yr=0&mn=7&dy=0&id=p60785075802&a=441563914&listNum=1

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  10. Skippy exposed trading his "paper" account:

    http://www.ispot.tv/ad/Aoy5/interactive-brokers-paper-trading-account

    BAAAAAWAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!

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    Replies
    1. Heheheheheeee

      Here's what Snot's has really been like, no wonder why he's been absent!!!!

      https://www.youtube.com/watch?v=AYrpROr9Gmk

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  11. What could possibly go wrong here?

    http://www.zerohedge.com/news/2016-02-23/shocking-twist-canadian-bullion-dealer-offers-pay-interest-gold-and-silver

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  12. Skippy buys at the VERY TOP and now the death cross comes

    http://stockcharts.com/h-sc/ui?s=DGLD&p=D&yr=0&mn=6&dy=0&id=p37787739096&a=440694666&listNum=1

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  13. very ugly tape today even though its green......be careful

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    Replies
    1. Massive h&s. They may paint the tape on the indices for ME.

      Delete
  14. My wife will be sad if this pig collapses......and it will

    http://www.zerohedge.com/news/2016-02-24/restoration-hardware-crashes-3-year-lows-weak-earnings-blames-oil

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  15. It is all good:

    another 4.2% of subprime auto loans fell delinquent; new home purchases down 9.2%.

    It is all good because employment is below 5% because so many people have to work 2 low paying jobs to survive... Hard work is good - it builds character.

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  16. You let your wife near Restoration Hardware? Mine is forbidden!!! Hehehehe

    It ain't oil that's their problem it's the stuff they sell, too freaking expensive and nobody's go any disposable coin any more!

    However "All is Well"......

    ReplyDelete
    Replies
    1. its a remnant of the excesses of the housing bubble....had they let the bubble truly deflate in 08 there would be no Restoration Hardware anymore....but alas.........

      Delete
  17. fugly chart on DGLD...... The ole Snot'ster is an amazing trader!!!

    Buy High, Sell Low!

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    Replies
    1. that lil boy hasn't been on here braggin' bout it lately......still waitin' fur ya ta tell us ya choked and puked it skippy......means ya STILL OWN IT....BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

      Delete
  18. It is funny how he was bloviating about that trade and his small $750 profit and Jay does the math showing all what a great entry price he choose and well as it turns out got his a$$ handed to him and now not a peep out of U'm...... Hehehehehe

    Watta Putz!

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    Replies
    1. jist think iffin' he'd bot sum a dat silver chit or gold chit and put it away wit wat heez lost.........wowee....he'd have sumthin' real....BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA.......now he jist haz hiz memories

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  19. Haliburton just announced 5000 job cuts in addition to last years 22,000 jobs....total 27,000......welcome to skippys world

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  20. Subprime Auto Delinquencies Approaching 2009 Levels

    Fitch Ratings warns that delinquencies in subprime auto loans have hit a six-year high in the United States. Losses are also classified as elevated.

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  21. Services gauge drops below 50 level to 28-month low


    A reading of services activity in the U.S. in February indicated contraction, a worrying sign that the blues that have hurt manufacturing may have spread to more domestically-oriented industries.

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  22. Yesterday and today once again prove that when the Fed- PPT control the market the use of any kind of chart is useless. JMO
    Kindle Himself

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    Replies
    1. You're kiddin' me....great incite...you need to write a blog

      Delete
  23. well well well....hey skippy...your favorite stock just made a ZH headline....you should celebrate with Kindle the glory .....BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

    http://www.zerohedge.com/news/2016-02-26/netflix-suffers-death-cross

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  24. No one cares what you think as you can see./. Close it up...
    KINDLE HE KNOWS

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  25. No true Kindle, you do, otherwise you wouldn't be here silly......

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    Replies
    1. I'm pretty sure that most of the retail that jumped on the silver gold trade have been pumped out, slaughtered, and generally DESTROYED. Its true when they say the public are sheep or chumps......so Kindle actually has a point and as a true representative of that class of peeps....he's right.....I'll stick with my original premise based upon the fundamentals and he can do whatever it is that he does......I'm just thankful I don't have to watch it..;-)

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    2. BTW if ANYONE gets a chance to watch The Big Short....ya gotta see it....I feel and some of you will too....feel like the guys in the movie that were shorting the housing market waiting for their shorts to hit while Goldman et al were manipulating the CDSs

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  26. Well how's this for hypocrisy......


    http://www.ronpaullibertyreport.com/archives/irony-alert-this-us-banker-says-china-should-let-companies-fail

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    Replies
    1. you're bein' a lil hard on the Beave aren't ya Ward?

      Delete
  27. Hi Kliguy,

    Which on-line gold coin dealer do you use to purchase 1 ounce coins? I am looking at a 1 oz. gold coin issued by the Canadian mint.

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  28. I use Gainesville Coin.....I do NOT endorse anyone.....If I had a local dealer I would try to use them but I do not have a local shop

    ReplyDelete