Sunday, April 3, 2016

THAT MAKES TWO

Two of the sharpest tacks in the box are now in agreement ...finally....on what seemed to be the end game in the Fiat war. A clear and very important change just occurred in Jim Rickard's call on the end game. Prior to this week Rickards predicted that an SDR would be the resolution to the Currency Wars now occurring globally and felt this move would be an important tool to stem the currency wars. I repeatedly said this was disinformation and now he finally states CLEARLY that an SDR "would fail" because its would be seen as just another fiat and that gold would be a much better choice to revalue and use as a peg for all currencies. The fact that Rickards is abandoning this scenario is NOT to be dismissed lightly. This dovetails nicely into Jim Sinclair's call of a big move coming soon in gold. 


“You own gold, don’t you, Alan?”
“Of course, I’m not stupid.”


Rickards then goes on and states that gold should move to 10,000 at a minimum to prevent world deflation and perhaps even to 50,000 to keep pace with current money supply which I believe will actually explode to try and stave off deflation and stagnation. They will not have a choice with the money supply and therein lies the next dollar move as the dollar tries to reflate THE WORLD. It will be the final charge of the dollar before they pull the plug on it. Its a suicide run.  After all WHY would you go to ANOTHER currency with the current reserve currency near it recent high. You've got plenty of room to print and I believe they will. The market and the dollar will move down together as we collapse. Gold and silver will inversely correlate and I think Rickards finally sees how this game will play out. 

Look at the recent moves in the miners. They are in a consolidation on the daily and any pull backs in many of the juniors is short lived. The PAPER gold and silver trade in the miners is TERRIBLY risky but for much of the big boyz, its the ONLY alternative they have to allocate big money to gold and silver. BE AWARE of that fact. gl









40 comments:

  1. I thought gold was going to $200 million? Isn't that what uncle Egon Von Greyerz said? I swear I read that on KWN, the esteemed bastion of truth and facts.

    Hehehehehe....hehehehehe....

    Kliguy, you fucking moron, why don't you shut down your blog and then voluntarily check yourself into a lunatic asylum? Your advanced mental illness is showing no signs of slowing down. You are truly an embarrassment. What a fool-ass putz you are!

    Hehehehehe......

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  2. Pot meet kettle..... BAWAAAAAAAAAAAAA

    Damn $200 million I'm good with that!


    Putz

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  3. Definitely stalking you, maybe to the point of illegal stalking!!!

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  4. The future price of gold/silver is unknowable for sure.

    Given future liabilities of the US guberment as soon as 2030 for promises (Social security, Medicare, etc.) estimated at over $200 trillion the price of gold to back fiat currencies will have to be a very large number given the limited amount of world's gold and the unlimited ability of governments to increase fiat currency. Good thing we have electronic currencies or we would have to harvest every last pulp tree in the world to make paper to print money. It is all good!!!

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    Replies
    1. would not venture a guess on whether gold hits 10K or 50K.....duznt matter to me since I wont sell my physical gold......now silver is another matter......definitely will sell 50% of my silver for change of assets at some point.....hehehehehehe

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  5. I hope none of you paper players bot GORO at 1.20 three months ago... Just think ya coulda bot NFLX instead..BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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  6. Who was that on this site who said BUY,BUY,BUY, MNKD it's a $40 stock at the least..

    Kindle Himself no I never bought it.

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    Replies
    1. Wasn't me.....most likely Honestcreditguy.....MNKD is just another Biotech ponzi paper game......they destroyed the sector and they aren't through yet......Chuck is gone and will NOT be back.....

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    2. btw chuck was a very good trader and hopefully he managed his portfolio well.......best of luck to him...a class act

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  7. always did like chucks input but really glad I bought goro and ric now looking at auy

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    Replies
    1. thats only 110%.....wait til it hits 1100%.......or 4000%.....quality miner but remember it IS PAPER and if ya can convert to physical while its cheap then "think long and hard" ...physical silver has moved very little up til now

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  8. Kli why doesn't your train wreck troll tell us what he is buying in this great market? Do you believe he really is in this market? No one is that stupid or is he? He is great entertainment.

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  9. hey kindle hey buttfox.......RIC just made a 6 bagger this am off its bottom....howz yo bottoms????? BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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    1. I don't understand, Butt Fox says you are a moron to buy stocks that go up 600%. Personally I think you should buy 1000% gainers, or 2000% gainers... BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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    2. I think they believe the paper ponzi hyperbole that gold is a barbarous relic.....neither one of them really read history and for that matter they may not even be literate.....but sure.... I wonder what I'll get called if RIC goes to 10,000%......ughh..I shudder at the language

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  10. Do I hear $7? Hehehehehe Now all's I need is for GPL to get out of first gear ;)

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    Replies
    1. it will.....just a matter of when.....I have a "near term" target (within 3 months) of 1.90 on GPL....could happen rather quickly or may be 3 months.

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    2. http://stockcharts.com/h-sc/ui?s=RIC&p=D&yr=4&mn=9&dy=0&id=p41015689101&a=443878000&listNum=1

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  11. This is for all of you that don't want to live with your head in the sand....IF you don't get this then you're hopeless


    http://www.zerohedge.com/news/2016-04-07/its-probably-nothing-truck-orders-plunge-37-unsold-inventories-soar-most-2007

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  12. It is all good, fab, marv, outstanding ---WhaaaaaaaaaaaaaaHoooooo

    March 21 - Existing home sales plunge... Data was so bad the National Association of Real Estate showed concern. The "surprise" downtrend continues.

    March 23 - I commented New home sales muddle as expected... It's easy to spot the lack of momentum in housing starting a year ago...

    March 24 - Durable goods orders down 2.8% ... Falling dollar no help..

    March 28 - we noted Consumer spending outlook sucks with weak income report.

    March 29 - Fed Chair Janet Yellen reversed course.

    April 4 - Factory orders dive 1.7%. Capital goods dip 2.5%, Last month revised lower

    April 5 -Trade deficit widens.

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    Replies
    1. ITS ALL GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOD

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    2. Inlet its just "lambs to slaughter" for the boyz......BAAA BAAA BAAAA
      Jim Sinclair "Get out of the system NOW"......GOTS

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  13. Serious question for Buttfox.....Hey butt can you tell me when will we get a serious pullback on the miners so I can "load up".....hehehehe......another question.....I bot 90K of DGLD and am losing my arse......can you tell me when I should just sell and call my mommy????? serious answers only please

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  14. Forgive my literary theft but Nobody ever sees you coming, do they kli?

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  15. KLI the same guys that ripped us off on the way down in the miners are now going to rip us off on the way up and I do mean UP. J

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  16. Hey Kindle Butt.......RIC .91 2 years ago .....6.34 now.....thats a 7 BAGGER BITCHEZZZZ..........heheheheh.....DONT INVEST IN MINERS.....BUY INTEL JAY!!!!

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  17. Look at MUX up .24 today YEAH I have 1400 shares YEAH
    Jeff

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  18. Unfortunately I sold my RIC at a profit but just bought back a small position.

    Jeff

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    1. Prolly getting to a near term top and overbot...BUT EXK and GORO are quality miners that have more room to run. JUST remember this is paper. true wealth is measured in REAL money and what is in your heart....or at least what's left of your heart. Stack physical with your paper wealth but I am "required" to play paper so I have to keep some fiat in this paper ponzi......I have moved 15% of my RIC into EXK and mostly GORO and I have also added physical. Never get toooo greedy. They have a way of humbling you.

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    2. BTW Jeff don't feel bad.......retail is virtually NON existent in the miner trade after they were destroyed by the boyz...."I guess the stress was more than he could bear".......anyway it was a horrific bloody bear market. the worst beating I've ever seen a sector take that was fundamentally a good sector to be in.......they're diabolical and they are now long.....doesn't mean they won't shake this tree hard....and they will

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  19. http://thephaser.com/2016/04/jim-rickards-claims-gold-keeping-the-fed-solvent-lol/

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  20. A miss by autos or housing and 1st quarter GDP probably goes negative based on GDP Now estimates by Atlanta FED. Inventory overhang may do the trick. If quarter goes negative expect a recession to be declared back dated to December or January....

    GDP numbers not expected until April 28.

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  21. Inlet, from posts above do you have a Hurst cycle on either gold or GDX that you could put out to us? Thanks in advance. Kli,if you get a monthly close on SSRI above 8 it goes to 13 in 4 months, if it holds above 10.5 after going to 13 and then enters a consolidation phase for 2 months, it goes to 25 after 2 months once it breakouts over 13. GORO nice hold, breaks 5, goes to 15 in 4 months after breakout over 5.

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  22. My attempt at a Hurst chart for $gold (http://www.swingcycles.blogspot.com/2016/04/april-11-2016-gold.html).

    Since I do not have the Hurst software my attempts are done using stockcharts charting site....

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  23. As if there was any doubt?

    http://www.zerohedge.com/news/2016-04-09/us-government-reveals-3000-ton-delivery-weapons-and-ammo-al-qaeda-linked-syrian-rebe

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  24. Hehehehehe.....

    http://thefreethoughtproject.com/fire-breaks-basement-irs-building-panama-papers-leak/#3l2PbX71147061sD.99

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  25. Inlet, thank you for the Hurst chart in post above.

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