Sunday, June 5, 2016

ITS THE STRONG HANDS NOW

We are now a month into the beatdown in Precious Metals and Miners and in just a few seconds of the NFP report a blastoff occurred in the price of gold and miners. Someone lit a fuse under a combustible fuel of paper gold and silver miners. Funny how that worked. The weak hands that jumped in late on the greatest trade this year on wall street got their paws slapped and I mean slapped hard over the past few weeks. Some very strong hands have now entered into this sector and they have no intention of giving up big positions they've accumulated over the past year in what they know is a day of reckoning coming soon for the fiat dollar ponzi and all the interconnected paper derivatives. 

Many of us still play in the paper ponzi Casino. If you are, then you had better have a big physical investment. I really don't care if you have physical food or physical dirt or physical ammo or physical paintings. It all depends on your predilection for physical. My preference is well known. 


The Boyz are in the Trade


I played with the elite this past week and don't bother yourselves worrying about being just like them. They are for the most part boring and will not do well in the upcoming years based primarily on their own arrogance and "location". They aren't well prepared even though they know things are coming unraveled. Wealth in decadence is not a pretty thing. When you treat the "little people" poorly, you can count on a return in spades for your behavior and many of these elites will find little support outside of their locked doors. 

Gold and silver and miners in strong hands now. Doesn't mean we won't have price volatility. Doesn't mean we can't get shaken hard. It just means the big boyz are in the game on the move up. gl












82 comments:

  1. Wonderful squeezes, great day on Friday! So far, gold/silver are holding. We'll have to see whether the Fed actually raises rates and how the dollar behaves.

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    1. sit tight and enjoy the fireworks sista........sell paper winnings for physical when appropriate

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  2. Where's all the resident naysayers like Kindle and Buttfox??? Watta bunch of weenees.....lil ol pullback after a 300% move and not even a peep.....hehehehehehe

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    1. Did you hear the one about the "US Treasury cracks down on North Korea's money laundering"? Pot meet kettle, granted it's not really laundering but something more sophisticated, like in The Big Short.

      Did you hear Matt Damon's speech on Elizabeth Warren going after the banks too? I am sure they are so scared hehe, what's the statute of limitations on all that fraud anyway?

      Which brings us to GOLD, I think gold going up means the real free market is coming into play, but Charles Nenner thinks it will be stationary for the next two years. This thing may take longer to play out but we are all dead in the long run.

      -OH

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    2. You are becoming more cynical than I .......and that's hard to do.....as the boyz say "Be prepared"......or was the the boy scouts? oh well

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    3. BTW Nenner is full of shit like all of the prognosticators.....he might be right or he might be wrong.....they've turned a lot of the bizznuss cycles on their arses so be cautious trying to time the big moves.......my portfolio took a beating for 3 years but I knew they would turn the paper miner market one day because "they can" and retail would be caught flat footed if they weren't in heavy......I held and laughed at the buttfoxes and kindles. Now I still laugh at them....just a lot bigger portfolio to laugh with......they have lots of ways to hurt us and they will......gl

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    4. I know I am Kli, it's hard not to be in this environment and I am trying to look at the bright side but it is tough sometimes

      -OH

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  3. My adding to my PM holdings last full week of May looking OK.

    What is the history of diamonds during economic periods of failure (easy to store/transport)?

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    1. They might get you past the metal detector but good luck flying anywhere if things truly go to pot. Diamonds are rigged too.

      Now let's get to brass tacks. Will Hillary be the next prez? How about Trump? These two individuals are probably each worth more than a 100 million dollars each, how about that. My money is still on Clinton, care to place a bet Inlet?

      -OH

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    2. All Kabuki theater and if Killary wins, it proves they can elect anyone...oh wait they got the shrub in......nevermind.....go with Killary.....

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    3. I know diamonds are "cartel" controlled (DeBeers?). Question is can the cartel keep values stable or moving up?

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    4. Was that a shrub? Thought it was a WEED the way it came back after it got chopped down in 1992 and then tried to gain control again this time around.

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    5. diamonds are to be used like bitcoin and that's to move wealth through the capital controls.....they only buy investment grade diamonds and liquidity can be a major problem. Also beware that synthetic diamonds are at a whole new level......

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    6. I won't deal with them period

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    7. but i do understand why high net worth use them for wealth transfers ( and they DO)

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  4. "high net worth" excludes me, but maybe good for Butt or Kindle. Hehehehe

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  5. For the Brass Tacks department my money's on the Trump'ster however it was really really slick how the MSM held the coronation ceremony just prior to the Dem Cali Primary to step on the Bern.... hehehehehe Rigged? Nahhhhhh no foching way! BAWAAAAAAAAAAAAA

    But look on the bright side at least we didn't get another Schrub, then we would have had a hedge row! :)

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    1. And Tommy I am cynical because I have to work for the next 30 years with all this crap going on, and unfortunately for you after a couple of cocktails I like to come on here and stir things up hehe Take the W from the schrub, the o from the O Lier and another W and that spells WOW.

      -OH

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    2. Libterian at 11% in latest poll....

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    3. Well I guess I wasn't the only one that saw it.... Hehehehhe

      http://www.breitbart.com/big-government/2016/06/08/elon-musk-earmark-defense-authorization-bill-will-hurt-national-security/

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  6. Hey OH,

    Nuthing wrong with being cynical... it's another thing thought to let it effect you... Gotta boil things down to the least common denominator and we only get One Day at a Time, there's no guarantees for tomorrow and you got to appreciate that fact. I see the same chit you do, I gotta work just like you do, I read the same chit you do, well maybe not as much since you seem better read and travled then I but the difference is I only look to what I can control and it ain't much hehehehe..... I worry bout my family and few close friends, share with them what I can and have and I got sum preps for the rough times but whatever comes down the pike, I'll deal with it.... Am I happy about what's transpired to our once Great Nation, nope and I'm partly responsible for it by not speaking out and for participating in the fantasy but can't change that now, just try and change where I'm going... Maybe you should read some spiritual stuff and feed the soul rather then spending so much time on the obvious and worrying bout the material chit, cause one things for certian we're all leaving this planet with the same amount of stuff we came in with, which is nothing but our Soul....

    That's all I got for now, off to run some chores....

    Peace

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    1. Thanks Tommy,

      Absolutely, have to remind myself that sometimes. can't have the light without the dark and we are only here for a short time.

      -OH

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  7. OH,

    One final comment at least you can enjoy sum cocktails, I gotta deal with all this chit sober! Hehehehehe

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    Replies
    1. same here....drinking in this shitstorm can be hazardous to your future.....

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  8. Speaking of high net worth and the other half. Last week I talked about how miserable a guy working for a VERY well known firm is right now with the whole rigged casino...after all he is part of the rigging BUT guess what....he is worth many billions....andd feels totally trapped because of what his responsibility is to this firm.....I thot how appropriate that he and many like him are now screwed by the whole illusion that they are backed into......not to mention the worry of lamp posts. I'll take being a little person anyday over their lives....at least where I live and my surroundings........they live in high density killing fields

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    1. Surely all of their homes aren't in such areas. I know 2 high ranking officers with GS who have left on their own accord lately.

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    2. not homes...he is at highest level and can't quit due to his integral role....he can't get out of ____

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    3. he can't quit his job and spend his loot....maybe that fixed it..THEY won't let him

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  9. ya might wanna play with this

    http://nuclearsecrecy.com/nukemap/

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  10. Damn man, I'm trying to cheer the boy up and there you go posting that Nuke Map! Hahahahaha. Why is the default setting on NYC??? That chit ain't funny but on the bright side I won't have a damn thing to worry bout :)

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    1. go ahead and play it with the different megatons...see if they get to ya.......and OH is just fine.....he'll adapt becuz he's light years ahead of most his age on what's comin'

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    2. you're safe with most of um............unless they drop several on NYC

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    3. Thanks Kli,

      Then again,

      "No matter how cynical you get, it is impossible to keep up." -Lily Tomlin

      President Camacho will be sure to fix everything, Brawndo is what plants crave.

      I've changed my mind, we are doomed, doomed I tell ya. hehehe

      -OH

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    4. OH_ Nothing wrong with healthy cynicism, but it has to be tempered with a positive outlook on how to "beat" it with looking inside yourself. Acknowledge your own strength and weakness and use those to deal with this coming storm. As in most storms, I have to believe that clear skies await the end and I want to make it to the those skies in the best shape I can be in for my family and myself. I will fight and persevere the best I can, knowing I have been given a "hurricane" degree. Its funny now, for me to look at current bubble and think just how positive I have been prior to the previous three bubbles (1987 included) I was. I knew before those bubbles that a major correction was coming but felt like I would get through and "win"......I did. I feel the same way now, but admittedly, I know this will be much harder. You enjoy your life and stay positive for those around you if nothing else.....gl

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  11. Oh look'y here OH....

    We can get three hots and a cot compliments of Uncle Sam.. hehehe

    http://awarenessact.com/us-army-general-wants-to-put-you-in-a-camp/


    Did ole Westly have a Freudian Slip here or did he let out the trial ballon??

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  12. That's exactly right Kli and it applies to all whether you're worth a billon or $10k..... Play to your Strengths, ignore your weaknesses or try to improve on them, keep family close and make hay while the Sun is shining....

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  13. PLEASE listen to Richard Maybury above...very high level company man

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  14. Even Stockman knows it.....

    http://www.zerohedge.com/news/2016-06-08/david-stockman-warns-milestone-hillary-will-be-millstone-nation

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    Replies
    1. Have ya seen any of our play friends Kindle or Butt......they seem kinda Gooooooone.....hehehehehehhehehhehee

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  15. Replies
    1. at least they could come out and squawk a little.....its just too easy without them crying here

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  16. SUGAR.......baaabaaabooooom!......iffin ya hated gold and silver last year I suggested you should invest in SGG (sugar etf leveraged)....you woulda cleaned up ......hehehehehehee......oh this paper game is soooooo fun....but no butt invested in Expedia BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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    1. Sounds like a sweet trade unless you are diabetic. ;>)

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    2. I'm not in it Inlet....wouldn't buy an etf in this market PERIod.....but sum here do.....Sugar is goin' a lot higher

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  17. WOW........traded RIC today......CHACHINGGGGGGGGGG

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    1. hey tom......RIC is up over 900%.....NO WONDER THAT The DOUCHE TWINS dissappeared.....heheheheehhehhehehe

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  18. There you go you 3 year old Dim Wit.. Ric is up 900% Oh boy..Do you think you are the only one in the world that trades stocks that go up...How does it feel to own a blog that no one watches.

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    1. it feels fine as long as they get to watch you disintegrate....heheheheheheheheeheeeee

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  19. You read it you dimwit.... Snot's you're such a Putz!!

    Never mind RIC, which I let go half at $8, not a bad return considering my basis, still have the other half BUT have you seen SSRI? Boo-Foching-Yaa hehehehe NOW THIS IS TURNING INTO A REAL RETURN!!!!

    Sum times riding the elevator to the gates of hell pays off every now and again.... hehehehe

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    1. I RODE that elevator and was one helluva ride T.....poor lil snot puked his shares up and is now in the market from hell....Apple is in a bear market Nflx in a bear market Chipotle in a bear market and this lil boy doesn't even get it.....he thinks mama Yeller iz gonna take care of him and save him from the wolves....well snot...here's sum advice ....get into physical gold before they catch you......and they will.....that's their nature.....they eat the weakest of the herd....and you are very weak

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    2. BTW I really don't have a problem with a 9 bagger

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  20. Hey who doesn't looovvvv'a 900% return but if SSRI gets close to its highs of 2007/2008 I just may double that remember it used to be that stock I'm not supposed to mention....... BAHWAAAAAAAAAAA

    I know counting the chicken's before they hatch.... hehehehe


    But I'll tell you one thing sure beats holding Crapple :)

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    1. you mean...................................................................claude gold......eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

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  21. Soros is publicly ring the fkn bell over the last 2 days, including the short market, short Yuan, long physical and long miners. I don't like the guy but he is essentially the mouthpiece of the elite giving the customary notice before they screw you.

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  22. Hearing anecdotal evidence of people voting for Bernie but Diebold comes out Hillary, so not only is does your vote not go towards your candidate but goes to the other guy, who's already been selected long ago as a backup cause Jeb screwed it up, just what we need in our oligarchy monarchy, here comes the new boss, same as the old boss.

    Prediction, Trump will win in a land slide... the popular vote, but diebold and the electoral college will elect Hillary, then we will see some fireworks but it will be a cherry on top of the Sunday after the 2008 festival of fraud.

    Smoke em while you got em, and you guys said I was cynical hehe

    -OH

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  23. Kli you said it I didn't... hehehehe

    btw: Snot's you might want to take heed to RED'S warning, he's usually never wrong with this stuff, he did call the miner bloodbath and warned us to get out but we didn't.... I'd hate to see you take the elevator ride to he77, cause with the crap you're holding it might not come back.... I don't know if you're mentally stable enough to handle the stress, I worry bout you... hehehehe

    Putz

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  24. OH,

    We did call you cynical you declared it.... hehehehe

    Did you see yesterday Obo endorsed her and an hour later they admitted that she's under a "criminal investigation". Hehehehe btw: Obo's track record of endorsing candidates is a kin to the kiss of death...

    I believe we'll get Trump and then they'll take the dump and screw us all.....

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  25. Didn't not did.... damn auto correct!

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  26. http://www.dailymail.co.uk/news/article-3634074/White-House-calls-FBI-probe-Clinton-s-classified-emails-criminal-investigation-glee-Republicans-day-Obama-endorses-her.html

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    1. Listening to Howard Zinn' A People's history of the United States audio book. What I have found is that it's not that we lack laws that are set up to take care of these types of things, it is that they are selectively enforced or not enforced at all. Time will tell, but like the fact that the banks should have been broken up and put into receivership, I doubt she will ever wear an orange jump suit. Optimism and realism tend not to go hand in hand.

      -OH

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    2. "Selective enforcement" -- Martha Stewart spent 6 months in a Federal facility for a couple of "tiny" little lies to Federal agents about some stock trades. Hillary has lied to everyone she ever met... and nothing yet.

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  27. http://www.forbes.com/sites/tonysagami/2016/06/09/former-fed-president-all-my-very-rich-friends-are-holding-a-lot-of-cash/#7e4300781eba

    ReplyDelete
  28. OH,

    What was it you were saying about realism?

    http://www.zerohedge.com/news/2016-06-10/stunning-emails-reveal-how-clinton-foundation-donor-bought-seat-hillarys-nuclear-wea

    http://www.zerohedge.com/news/2016-06-10/fbi-leaks-begin-emails-center-hillary-criminal-probe-revealed

    A slice here, a slice there before you know it you got a thousand slices.... A horrible way to go but she certainly earned her karma...

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    1. This just means she has earned a seat at the table and she is presidential material hehehe.

      Hate to beat a dead horse, all we have to do is look at the last 16 years to know what's what.

      Time will tell Tommy, but in the culture we have now, they should make a reality show about this election. I hope I am wrong.

      -OH

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    2. You're not wrong and don't count Hillary out.......as long as there are Diebold and other "effective" control measures you can elect anyone

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    3. watch the Brexit to see how a "real" election works

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  29. one of the all time greatest calls from buttfox

    AnonymousDecember 30, 2015 at 12:39 PM
    Jay, I have just sold 1/3 of my DGLD position for a $750 profit after today's drop in gold. I had mentioned my plans to hold it thru mid-Jan, but you have to be nimble and adjust on the fly. I had to take profits and as I mentioned to you, these small profits add up over time.

    I may close my remaining position as gold gets closer to my $1030 target in a couple of weeks, or add to it if there's a sucker's rally. Silver is seeing a $13 handle right now and it's probably headed to single digits, we'll see. Yeah, keep buying metals and miners, a one way ticket to bankruptcy.

    Tom, yeah, GREAT post by Kli, on another year of missed forecasts, horrible predictions, and imminent collapses that never happened. But Kli somehow managed to earn "30-70%" on his trades, right? I wonder how he did that. Do you think his banker and Wall St. buddies he talks to in the kitchen helped him out?

    Hehehehehe......

    Tom, can you even tie your shoes without guidance and permission from Kli?

    Putz.

    Hehehehehe......

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  30. this is where he goes into detail on his prowess of predictablility great analysis butt

    AnonymousDecember 24, 2015 at 1:15 AM
    Jay, I've had a good deal of success watching trends and playing them accordingly. I also never go for "jackpots", but small trades that add up over the year. It's amazing when you make anywhere from $500-2000 in a trade, seems like small potatoes, but if you have 20-30 of them in a given year, you're talking about some serious $$. For instance, 3 weeks ago, I bought some Smith & Wesson before earnings, pure speculation based on all the gun control talk and the company announced solid numbers and I made a cool $1700 profit for 2 days work, not bad.

    You are very smart by staying off gold and miners, the trend is down. And no, that's not what "they" want you think Jay, miners are garbage, have been for 4+ years, and there will be no "rotation" into miners. Kli is dead wrong on this. I'm not happy per se when he's wrong, I'm just astounded how keeps double and tripling down all the way to zero. It's a combination of sheer lunacy and being stubborn and not admitting getting on the wrong side of the trade. The amount of opportunity cost lost on miners and gold over the past 5 years compared to the performance of the stock market is immeasurable and cannot be recovered ever again. Only a total fool like Kli fails to see that.

    That's right Jay, along with other commodities, gold will be hit hard in 2016 and beyond and most of Kli's miners will go bankrupt as the price of gold falls below production costs, very simple. In the short term, next 2-3 weeks, I see gold heading to the 1020-1030 area, and if you want to make some quick $$, take a look at DGLD, the 3x inverse ETF. I bought some yesterday and today, will add more if there's any suckers rally in gold.

    One of the best plays of 2016 will be shorting gold and DGLD is my preference, but there are other options, please do your own DD. And remember, these are not buy and hold plays, quick trades of 1-2 weeks, sometimes less.

    Two more of my picks for 2016 are Expedia and Google. Now here, my time horizon is longer, 3-5 years, I believe both stocks will outperform the market next year, and I have core positions in both. I will look to add on any weakness, make some trend plays, but my core will stay.

    I'll have more picks after Christmas. Good luck Jay and Merry Christmas to you.

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    1. I'm impressed ....very impressive...BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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    2. poor jay musta bot in hehehehehehehe

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  31. Hehehehe that's sum funny chit...

    "Jay, miners are garbage, have been for 4+ years, and there will be no "rotation" into miners. Kli is dead wrong on this. I'm not happy per se when he's wrong, I'm just astounded how keeps double and tripling down all the way to zero. It's a combination of sheer lunacy and being stubborn and not admitting getting on the wrong side of the trade. The amount of opportunity cost lost on miners and gold over the past 5 years compared to the performance of the stock market is immeasurable and cannot be recovered ever again. Only a total fool like Kli fails to see that."

    Yeah real garbage.... hehehehe

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    1. Yes ...I wuz "dead wrong"....BWAAAAAAAAAAAAAAAAAAAAA.....no wonder we never hear from him..........heheheehehhehe

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  32. Bahwaaaaaaaaaaa........ "That's right Jay, along with other commodities, gold will be hit hard in 2016 and beyond and most of Kli's miners will go bankrupt as the price of gold falls below production costs, very simple. In the short term, next 2-3 weeks, I see gold heading to the 1020-1030 area, and if you want to make some quick $$, take a look at DGLD, the 3x inverse ETF. I bought some yesterday and today, will add more if there's any suckers rally in gold."

    You can't make this chit up...... too foching funny!

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    1. what's too fkn funny is a bunch of putzes prolly believed this chump ...its no wonder the boyz laugh all the way to the bank BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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    2. he musta bot MORE DGLD tom..he said he'd buy more DGLD if there was a "suckers rally"...He may have lost it all.......NO WONDER he's grown so gloomy........Maybe he'll come on and give us sum moar "sage advice"......hehehehehehhehehe

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  33. You know maybe he did, he seemed so convincing "One of the best plays of 2016 will be shorting gold and DGLD is my preference, but there are other options, please do your own DD. And remember, these are not buy and hold plays, quick trades of 1-2 weeks, sometimes less."

    Yeah best plays EV'VA hahahahaha

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    1. he sounds sooo professional too.....VERY impressive presentation...like ya know....right outta sum CNBC shill's BS...heheheheheheheheehhee......very well written for us Budfox.....Professional investment adviser.....hehehehhehehehehehoooooohooooooooooo

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  34. Here's the real deal with Skippy's greatest bull market EV'VA!!!


    http://www.nytimes.com/2016/06/12/us/laid-off-americans-required-to-zip-lips-on-way-out-grow-bolder.html

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  35. This is a warning! Anyone trading in miners will get their fanny spanked (especially skippy)....these trades are for only experts and/or people that like to be spanked (prolly skippy)....4 baggers 7 baggers even 17 baggers(like Claude)....oh how i hated to puke that up.....anyway back to the warning....this trade is now in the hands of wolves. These are predatory animals and like to eat cultured West Coast pro traders like skipper......they're hungry and they're extremely dangerous. Stick with Apple and Amazon for safety if you are afraid of spanking or wolves......i don't blame you.....gl

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    1. Skippy could your give our vegetarian traders some MOAR sage advice like you were doing just 6 months ago......You are sooooo good....ehhehehehehehehe

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  36. A comment about Skippy: "Don't try to buy at the bottom and sell at the top.
    It can't be done except by liars." ~ Bernard Baruch

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  37. After 73 consecutive months of year-over-year growth, online jobs postings have been in decline since February. May was by far the worst month since January 2009, down 285k from April and down 552k from a year ago.

    Online job postings are not a direct revenue driver for LinkedIn. We do however believe it is a reflection of overall hiring activity and should be considered a check on demand vibrancy. Temp employees have been an issue for months and payrolls for May were surprisingly weak.

    ReplyDelete