Sunday, May 15, 2016

WE DIG GOLD

Not that paper gold you think is real gold. That ain't no gold sucker. Are you for real? Do you not understand why we dig gold? Gold is money. A piece of paper is PAPER. Its a promise that you will get something of value with it. Miner shares in gold and silver miners is  ONLY a promise that you will get ownership in those mines. What do you think you'll get when your brokerage is down from a major hack or financial meltdown or EMP or just plain old fraud? What happens when your CEO for your mine turns out to be lying and committing fraud with the books? What if they lied about their drill results?

I could go on but there is COUNTER PARTY risk involved in any stock including miners. Know what your risks are. Know that these shares are manipulated by the very biggest money players in the world. Right now they are taking them up. I'm an optimist when I commit money to these paper vehicles. Its nothing but a gamble. You have to hope/believe the casino can stay open or you will collect NOTHING from this game. I love it when the trolls call me a doomer. No Skippy, I am an OPTIMIST. I have to believe your casino will be open long enough for me to collect my chips from this paper game. Just wait until the "counter party" risk arises again. That will be the game changer and that will be when YOUR light goes off and that is when you understand WHY you needed to own physical metal.

The smart money is buying physical gold. The dumb money is in paper ETFs and futures markets. When the bell rings and it will only the physical will be standing. Go ahead folks. Keep dancing......for now. gl









102 comments:

  1. "A thousand men, say, go searchin' for gold. After six months, one of them's lucky: one out of a thousand. His find represents not only his own labor, but that of nine hundred and ninety-nine others to boot. That's six thousand months, five hundred years, scramblin' over a mountain, goin' hungry and thirsty. An ounce of gold, mister, is worth what it is because of the human labor that went into the findin' and the gettin' of it. "

    https://www.youtube.com/watch?v=EQyqvFVe4Y4

    But who needs gold when unlimited tax dollars go towards the MIC to back money created from thin air for future generations to pay back, with which all the people and time in the world will never be able it to pay it back. Add an unquestioning populace whose priorities include NFL, Budweiser, T and A and divorce and voila. Oh I forgot transgender's rights.

    Masters and Slaves. How funny it is that the money created from thin air is actually
    created from cotton, not even paper. Better start picking that cotton everyone. Hehehe

    -OH

    ReplyDelete
  2. You got SUM MOAR charts for us Kliguy? You know, like the worthless ones you kept posting back in October 2015 about the "imminent crash" that never happened? Hehehehehe....

    Or that chart you used of AMZN at $585 and told Jay to short it? That was brilliant! Hehehehehe.....

    Yeah, buy physical gold everyone. When this whole system collapses, the people holding physical will be rewarded. Look at Greece and Venezuela. The S has HTF in both countries and people are mostly concerned where their next meal is going to come from. No one gives a shit about gold or silver. Toilet paper is now king in Venezuela.

    So, if your desired doom scenario unfolds here (it won't), all your gold and silver won't protect you or help you get to the "other side". You are DEAD WRONG as always.

    Hehehehehe......

    ReplyDelete
    Replies
    1. I think Kli mentioned gold and silver were for best case scenarios, but it's no secret that of the bankers, for the bankers and by the bankers get represented first, but look at the mess they have created, by design to destroy the middle class. I don't know what a collapse will look like, no one does, but damn it if it doesn't feel like we are living in the Twilight Zone. All's I know is the eCONomy sucks right now and the Chinese are driving up the cost of real estate even though the average salary has not kept up with these ridiculous prices. You and I are getting bent over at every turn. -OH

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    2. Heerz a chart i brot heer two yeers ago skippy and numerous times since.....to bad you didn't buy BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA 848% 848%

      http://stockcharts.com/h-sc/ui?s=RIC&p=W&yr=5&mn=9&dy=0&id=p91574232467&a=458792091&listNum=1

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    3. now 900%%%%%%.....thats a 9 bagger skippy....best o luck to your CRAPPLE.........you're only down 40% over the last 12 months........BWAAAAAAAAAAAAAAAAA

      Delete
  3. Skippy -You are BRAIN DEAD WRONG as always. Hehehehe

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    Replies
    1. Here's why gold is highly valued:

      Most gold--78 percent of the yearly gold supply--is made into jewelry. Other industries, mostly electronics, medical, and dental, require about 12 percent. The remaining 10 percent of the yearly gold supply is used in financial transactions.

      Got it BRAIN DEAD??? Not much left for accumulation. Hehehehe

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    2. Skippy's meme is getting even more "strained"......I think he's havin' a lil meltdown.....I'm wurried about the skippy

      Delete
  4. just think inlet.....if skippy had "bot and held" RIC at $1 he woulda been able to buy ANOTHER TESLA S........TWO TESLAs....Two piles of junk

    ReplyDelete
  5. Keeping the bots happy with a nice takedown this morning. Business as usual...looks like East V. West in the metals. But oil doesn't move down, lol.

    ReplyDelete
    Replies
    1. ignore noise....consolidation triangles everywhere on miners....

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    2. http://www.cnbc.com/2016/05/16/empire-state-manufacturing-survey.html
      Gotta love Santelli...one would think gold would be skyrocketing on this news, lol.

      Delete
  6. Just found a new twist, DRD, a surface gold tailings retreatment co., actually pays a divi and + about 500% since Aug. What do you think...

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    Replies
    1. Impressive but it has risk in the south africa labor market going out....just be aware...like the float etc

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    2. May enter on pullback with relatively small pos. I also like the float...many thanks.

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  7. Bahwaaaaaaaaaaaaaaa, Snot's is losing his Marlboro's! Hehehehe

    I guess Venezuela scaring him, nuthing like good Guberment to Foch chit up.....

    btw: Snot's that's why we got freeze dried kibble.....

    ReplyDelete
    Replies
    1. you have to wunder what kind of mentality continues to show up here with a continuous diatribe of "your desired collapse" etc..... I suppose he could be a paid troll but that's pathetic too........you would think they could get a better bang for their buck but I guess some on-line diploma puke is about the best that would take a job like that.....anyway he strikes me as just a strange, loner type.

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    2. I'm not convinced he even trades. It's easy enough to pick the big names and talk about them in hindsight. With you, don't understand motivation to continually criticize that which you don't understand. What has been surprising to me is just how long they've been able to kick the can. Reading an excellent analysis with pages and pages of footnotes on the global scum who are trying to control the whole world...The New Totalitarian Temptation by Todd Huizinga...at least he explains the bizarre actions taken by the elites to confuse us all...can be whittled down to one basic premise and that is to separate women from their children, thereby ensuring the transfer of all powers to what he calls supranational organizations. We've seen plenty of it in the last few years...doe
      skippo disagree with the undoing of the West? To me, the evidence is certainly now indisputable.

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    3. sister,

      it's easy to kick the can, they are screwing the future generations to pay for all this crap but obviously you and I are already paying for it now. You need two salaries to keep up where once one salary would be enough for the house car college etc etc and we have to listen to guys like Warren Buffet talk about how good we have it. But when you realize some of the puppet masters are Luciferian it starts to make sense. It's called destruction of the family unit and all this political correctness is to cover up and distract from real issues which is all the monumental fraud rubbed in your face on a daily basis.

      -OH

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    4. ...and the other point, even a close friend has labeled me a "conspiracy theorist", which is surprising because he knows a lot. Inquiring minds want to know, the problem is there are so few inquiring minds. Perhaps we get the guvmint we deserve.

      -OH

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    5. forget being right and convincing friends and concentrate on yourself/family....strengthen relationships and stay healthy. When the time comes you must be prepared. Being prepared ameliorates fear. Stay positive for your family......or......come out here into the hinterland and drink coffee with my gang in the mornings and know you're with friends.

      Delete
    6. Thanks Kli,

      We are certainly living in some strange times.

      -OH

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    7. Strange Day's indeed.....

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  8. Hey skippy...Warren is buyin' Craaple......hehehehehehhehe.......the last "tech" stock he bot was IBM and he lost his ass....wunder how craaple will do?

    ReplyDelete
    Replies
    1. Yeah saw that.... Must be nice to have a Rich Uncle to save your Bacon!!!!!

      I wonder if Janet slipped him a few saw buck's just for the occasion..... heheheheeeee

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    2. Very few know just how he got started and made his first millions...this is not the benign character he purports to be. Just another globalist wanting total control of the masses. I know people like this and they truly believe they are entitled by virtue of their superior intelligence to control the whole fng. world!!!

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    3. The importance of Craaple to the overall bullish market meme cannot be overemphasized and do not think for one moment that Warren's announcement wasn't designed to prop up the market from a coming waterfall led by Craaple.....the big boyz have pulled outta this pig....they know its a proxy dinosaur in the DOW

      Delete
  9. Bud's World...the world he loves and wants to preserve.....The world he thinks is gonna take care of him

    http://www.zerohedge.com/news/2016-05-16/were-running-fking-casino-congressman-admits-dc-sinkhole-leeches

    ReplyDelete
  10. caught the fire sale on ric

    ReplyDelete
    Replies
    1. slimey baastid.......missed that move TWICE on RIC Monday (sell) and today's firesale.....woulda been a great trade........I was THAT close...ughghghg

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    2. caught that trade three times over the past couple of weeks.........but missed this last one.......

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    3. You take the miners out behind the shed for a whupping? WaHoooooo!!!

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    4. I prefer to call it a "lesson"...to the newbies in the miner trade that are jumping on.....and its this .."stay out of this trade...it can be very hazardous to your health".......BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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  11. Goldman Sucks (Skippy Sucks kin? Hehehehe) says equities no good 2016...

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    Replies
    1. Goldman: “We downgrade equities to Neutral over 12 months on growth and valuation concerns,” said the team led by Christian Mueller-Glissman."

      Delete
  12. I think Kli dumped sum of his basket today!!!! Hahahaha Shakey, Shakey

    Hope they beat GPL back down to $1.40 :)

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    Replies
    1. DAMN!!.....couldn't trade past two days......not sure but they just might dump GPL to 1.20 area.....and would add there.....but the boyz are gonna hammer time the weak leaves for sure....most of my attention is on GORO....would like to see another beatdown there but DONT count on it.....they could easily pump it right back up tomorrow........not a market for the faint of heart.....BUY INTEL JAY AND HOOOOOOOOOLD....BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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  13. Who wouldn't wanna be a fly on the wall to listen in on the Trump'ster & Dr. Kissinger..... Hehehehehe

    Mr. Donald let me tell you how it all works.....

    ReplyDelete
    Replies
    1. THIS IS vat ve vill allow you to do Mr. Trump..........or else

      Delete
  14. http://techcrunch.com/2016/05/17/otto-founded-by-ex-googlers-is-bringing-self-driving-technology-to-trucks/

    There goes Snot's six figure job. It is all good. Hehehehehe

    ReplyDelete
    Replies
    1. he duz seem a lil stressed lately........hehehehehehhehehhe

      Delete
  15. http://www.bloomberg.com/news/articles/2016-05-18/saudi-arabia-said-to-consider-paying-contractors-with-ious

    Is Snot managing Saudi cash??? Hehehehe It is all good

    ReplyDelete
    Replies
    1. Its all a Skippy World now......."just trust us".....BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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  16. Home Depot, Lowes, Cisco, Walmart having decent or better quarters and the market CONtinues down. Hehehehe - Skippy it is a Bull Chit market. It is all good.

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  17. GDX buy "alert". Potential buy "signal" next half hour. Ready, aim,

    ReplyDelete
  18. Hahahaha these guys are good...... Yeah that buy signal was right at the open, although I missed it had an appointment and just got out hehehehe They're good, really good.....

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  19. Buy signals rarely occur at the bottom... Fire ------> Signal triggered. Buy your favorite miner????

    ReplyDelete
  20. http://swingcycles.blogspot.com/2016/05/may-19-1145-gdx-buy-signal.html

    signal on chart

    ReplyDelete
    Replies
    1. great call inlet....couldn't trade today so put in a stink bid on GPL and caught 1.43........yum yum

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  21. Hell yeah it was! I just missed it as per usual.....

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  22. Replies
    1. boy did they slap the chit out of it today......good move...he who hesitates gets left behind.....the risk is NOT being in the trade

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    2. 99.8% in miners 0.2% in cash here.....lettum play

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    3. Added charts for GORO and GPL

      http://swingcycles.blogspot.com/2016/05/may-19-1145-gdx-buy-signal.html

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  23. Missed gpl to dang tight the goro trade is working just as you said thanks

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    Replies
    1. DOONT sell goro and dont look at it

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  24. Foching amazing what they did to those two at open hehehehehe

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    Replies
    1. ran the stops and picked up cheap

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  25. Soylent Green???

    http://www.mirror.co.uk/news/world-news/china-denies-shipping-marinated-human-8011122

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  26. Kli - reference your blog about pensions:

    http://safehaven.com/article/41490/chicago-pension-liabilities-jump-168-understated-by-115-billion

    See Snot - Kli is always right just so far ahead of the pack it is not always apparent. Hehehehe

    ReplyDelete
    Replies
    1. and just to add the the madness they want MOAR!!!!

      http://www.zerohedge.com/news/2016-05-19/illinois-state-workers-highest-paid-nation-demand-29-wage-hikes

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  27. Troubled Waters Ahead.....

    http://www.zerohedge.com/news/2016-05-20/business-loan-delinquencies-spike-lehman-moment-level

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    Replies
    1. Hey Tommy

      http://www.salon.com/2016/05/19/noam_chomsky_predicted_the_rise_of_donald_trump_six_years_ago_partner/

      -OH

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    2. Love Chomsky.... and agreed they're Training The Donald!!!!

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    3. Well now it's official.... hehhehheeeee

      http://www.zerohedge.com/news/2016-05-20/nra-endorses-trump-fantastic-honor-trump-responds-i-will-not-let-you-down

      Delete
  28. Lot of focus with the boyz on GORO...they're trying to accumulate as much as they can here.....

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  29. Whether they raise or not in June is not the issue.....they are CONcentrating a tremendous amount of effort to TALK up the dollar here because technically it had broken support and behind the scenes the real war is on the dollar not only in the pits but geopolitically with China and Russia (see Jet intercepts)....this is ALL about the dollar here.....I think it breaks......guess we'll find out in a few weeks or less

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  30. update on my Pecker chart on GDX...still holding RSI.....

    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=0&dy=5&id=p39720836406&a=456144551&listNum=1

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  31. Kli
    Why do they run the stops? Does it make the move to the upside stronger?

    ReplyDelete
    Replies
    1. Running stops creates some panic and shakes shares loose at a bargain...

      Delete
  32. Tom there are a number of ways you make money in a low volume broken market as this market IS. One way for instance is to take heavily shorted stocks like NFLX faceplant amazon and sqeeze the short money out which is LIQUIDITY.....THEY (the big players) can TAKE their put money short money sold calls etc....that's one way.......another is take a sector such as miners where momo money is flowing in with stops being set. They push a stock up like GPL (squeezing shorts) and pulling in the momo and THEY (boyz) wait until they have enough stops set and then hit their own lower bids pushing the stock THROUGH supports/etc AND more importantly hitting the stops they can spot that are in place......as they hit the stops they create a waterfall effect and continue to hit low bids to run the lower stops with panic setting in.....THEY are set up short with puts or call sells etc. and they collect and BUY BACK the shares at lower prices too.........it doesn't get better if you can hit the right lick like GPL was yesterday......punch it down using stops for momentum and clean up on your shorts then accumulate cheaper shares for the next ride up.....wash rinse repeat....

    ReplyDelete
    Replies
    1. just like they did GORO today...and I CAUGHT IT .......saw the waterfall and sold sum EXK and Bot GORO.....

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    2. Well that sheds some light on how things work. Great info, thanks Kli and Inlet.

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    3. the big days were earlier in the week and wasn't in front of the puter.....waaaaaaaaaaaaaaaaaaaaaaa

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  33. this is the justice they deserve

    https://www.youtube.com/watch?v=enUo-1TjdEs&feature=youtu.be&t=63

    ReplyDelete
  34. HUI daily has worked off a lil froth...nice set up.......just have ta see

    http://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=2&mn=0&dy=0&id=p08564561052&a=336325313&listNum=1

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  35. Will "pension" fund failures rival bank failures in 2008-9? Kli - your post on this topic was right on....

    http://money.cnn.com/2016/05/20/retirement/central-states-pension-fund/index.html

    ReplyDelete
    Replies
    1. Damn Kli's right again..... Oh Snot's is bouncing off the wall's now hehehehehe

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    2. As both of you know it will be all of these unfunded/leveraged promises that are going to be slaughtered.....we all get the short end

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    3. So far we are only seeing the beginning. Neither of the cases above rival Medicare promises or Social Security promises both of which are unfunded. Treasury bonds in some Federal Vault in West Virginia does not make them funded. Money with held from my salary for 30+ years was spent long ago.

      Delete
  36. Considering cyop capability I am worried about my vote.

    Sheeps

    ReplyDelete
    Replies
    1. dont wurry bout your vote.......I'm sure they'll CONsider it....;-)

      Delete
  37. This is what I worry about. If I do not vote then what?

    Sheeps.

    ReplyDelete
    Replies
    1. vote for your local and write in me...kliguy38....:-) heheheheh

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  38. this entire game is about CONfidence. many of my posts over time have dealt with this but it is so obvious that CONfidence is all that backs this current fiat money ponzi worldwide and the Dollar is at the epicenter. Money backed only by CONfidence tells you everything.

    ReplyDelete
  39. I was highly critical a couple of years ago when Rickards was promoting the SDR as the next currency....last month he retracted that and stated it was just fiat and would not last IF they even tried that as the next reserve currency. In the following interview and several I have listened to since he doesnt even bring it up anymore. I always felt they were using him as disinformation on the SDR and someone has now convinced him of his error......

    https://www.youtube.com/watch?v=BUB-2ksp3yg

    ReplyDelete
    Replies
    1. when i say that someone is a disinformation agent, i do not mean they intentionally give you disinfo. I confess that i have been used as a disinformation agent from some sources and ALWAYS tried to filter the information as i believe Rickards does but sometimes i fail as i believe he did on SDR being a valid alternative. They may still try SDR but I agree with Rickards that it will fail without gold backing

      Delete
  40. for anyone interested....the FOMC will announce NO interest rate increase but for the next two weeks will indicate a POSSIBLE increase AND watch for the chance of an increase be daily talked about in the media. NO INCREASE.....dollar will weaken against the euro and yen......and gold will rise AFTER AFTER AFTER but weaken most likely BEFORE the announcement. IF gold strengthens BEFORE the announcement or the dollar weakens Below 92 before then all bets off

    ReplyDelete
  41. i like to see these headlines

    http://www.zerohedge.com/news/2016-05-20/gold-stock-pullback-imminent-%E2%80%93-don%E2%80%99t-get-shaken-out

    ReplyDelete
  42. lets see if they do it

    http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=0&mn=10&dy=0&id=p15675342126&a=459976963&listNum=1

    ReplyDelete
  43. Well there you have it, Not good.....

    http://www.zerohedge.com/news/2016-05-21/407000-workers-stunned-pension-fund-proposes-60-cuts-treasury-says-not-enough

    400k that worked their whole lives, paid into & expecting their pension and now they'll be lucky to get 30¢ on the dollar......

    ReplyDelete
    Replies
    1. or maybe "I'm shocked"

      http://www.zerohedge.com/news/2016-05-21/we-are-becoming-convinced-system-wont-stabilize-citi-explains-how-central-banks-brok

      Delete
    2. The beginning of the beginning????? Skippy it is all good. Heheheheh

      Delete
  44. The "beginning of the beginning".... Sickining really is sickening!

    ReplyDelete
  45. And while the 400k pensioners get Foched out of a promise for a life's time of work, the Guberment is lending money to any kid that can fog a mirror..... to party! Go figure, this Country is as Foched up as Hogan's goat!!!

    http://www.zerohedge.com/news/2016-05-21/what-student-loans-are-used-vacations-ipads-kegs-entertainment

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    Replies
    1. "Hi There"

      "...so let me be honest. Making money is not like I thought it would be, this business kills the part of life that is essential, the part that has nothing to do with business.

      People want an authority to tell them how to value things but they choose this authority not based on facts or results, they choose it because it seems authoritative and familiar"

      What are the two oldest professions on planet Earth and what do they have in common? hehehe.

      I am reminded of a Peter Gabriel song called Big Time, doesn't it describe our financial system which is completely in your face and out in the open? And the heaven will be a big hell And I will walk through the front door hehehe.

      "I'm on my way, I'm making it
      I've got to make it show, yeah
      So much larger than life
      I'M going to watch it growing

      The place where I come from is a small town
      They think so small
      They use small words
      But not me
      I'm smarter than that
      I worked it out
      I've been stretching my mouth
      To let those big words come right out

      I've had enough, I'm getting out
      To the city, the big big city
      I'll be a big noise with all the big boys
      There's so much stuff I will own
      And I will pray to a big god
      As I kneel in the big church

      My parties all have big names
      And I greet them with the widest smile
      Tell them how my life is one big adventure^
      And always they're amazed
      When I show them round my house, to my bed
      I had it made like a mountain range
      With a snow-white pillow for my big fat head
      And the heaven will be a big hell
      And I will walk through the front door"

      -OH

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