Saturday, July 23, 2016

I CAN'T BELIEVE YOU THINK THAT GOLD HAS VALUE

What kind of idiot works that hard for that little bit of yellow metal? Why wouldn't they just buy a nice little piece of paper called a dollar and bury in their backyard? They cold have received a nice 20 dollar bill back then for an ounce of that yellow metal and buried it safely away in their back yard and never worried about traveling to far away places like Alaska to mine that silly pet rock. Now days, instead of buying a couple of rolls of silver eagles, you could buy an I-phone and bury it in your back yard. Better yet, you could buy some 30 year Treasury Bills and bury those in your back yard with interest at 2% working yearly for you. Just think of the SAFETY AND THE RETURN. It just doesn't get any better than 2%. Well maybe you could by a JGB at NEGATIVE rates....now that really has to make you happy. 

Just imagine that some people still think that something as anachronistic as gold could be a safe haven in a world gone mad. You could have held the Dow Jones 30 stocks for the past 60 years and "done great" (please ignore the little fact  that most of those stocks are no longer in the DOW). 

Okay Okay.... I'll get serious. "The only stock to buy and hold in 2000 was Cisco Systems".  It was THE solid tech stock to own like Apple is today. It was a "Can't MISS" stock that had to be in EVERYONE'S portfolio. Wow! How'd that stinker work out for you 16 years later? Glad ya didn't buy gold then. You would only be 400% up in fiat dollars. Its all a scam anyway. Gold will be worthless. Silver will be worthless. Hillary will take back our Republic for the people and the Yellow Brick Road will take you back to Kansas and safety. Enjoy the game. The past 6 months in miners is a mirage and you better buy Apple while there's still time before the next great thing is hatched by that incredible inventor of the Apple watch that our intrepid, investor Buttfox wears on both wrists. They are the rage of all the trendies. You go Butt!!! 





35 comments:

  1. I unloaded some miners on Friday.

    Will never unload the physical unless I gotta eat.

    ReplyDelete
    Replies
    1. prolly smart....they are way overbot on weekly but I am holding most of mine. ....I am a masochist....have sum cash ready from profit taking if they smack um good...

      Delete
  2. Speaking of great internet calls....how bout this one in December of 2015...Great call buttfox......BWAAAAAAAAAAAAAAAAAAAAAAAAAA

    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.

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  3. Can't we all just get along? hehehe

    http://www.thedailysheeple.com/mainstream-media-openly-reporting-on-dc-corruption-now-in-plain-sight-not-even-hiding-and-rule-of-law-is-dead_072016

    But who cares it is all good all of it is all good and Baseball season is in full swing.

    ...and the rest of the expected consequences follow. Markets? We don't need no stinking Markets.

    ... and the illusion continues.

    -OH

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  4. Ahhhhhhhh quit it OH, We got the hacked DNC email's fur entertainment hehehehe

    btw: Accounting does Matter.....

    http://www.zerohedge.com/news/2016-07-25/subprime-snaps-largest-us-auto-subprime-lender-delays-earnings-due-accounting-matter


    ReplyDelete
    Replies
    1. https://www.youtube.com/watch?v=Wcxev_M2N7Y

      It ain't just the DNC, ff to the 1hr:45min mark, Ron Paul got marginalized everywhere and they changed the rules at the last minute and it all has to be part of an official narrative and pipe in fake applause, where have he heard about this before? Sometimes it feels like we are living in the movie 'They Live' hehehe.

      Oh and subprime is contained.

      -OH

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  5. We are moving to the brink of war and I am trading paper in the great casino from hell........"Ain't it a Peach" ....

    https://www.youtube.com/watch?v=R8OWNspU_yE

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  6. It is extremely perverse that the metals have been pounded at a time when the stock market is starting to crack, thereby undermining the entire bear case of stock market strength leading to dollar strength leading to Fed rate hikes. That is a fantasy. It is not going to happen. But the deterioration of that story over time has not helped the metals one iota, nor will it, until we exhaust the selling, which could happen any day, just as the stock market could find itself being crushed on any given day prospectively. Could that day for metals have finally been today? Yes, that is quite possible, and I bought more miners, just in case.__F

    ReplyDelete
    Replies
    1. Just remember its still paper. Play in the paper but own the physical first.

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    2. Kli, I rarely see you post or write up on the declining production and limited amount of new gold discoveries....
      Is that something you use in your long term trading or coin buying plan?

      Delete
    3. Its all part of the law of unintended consequences. I don't write because no one really cares about it. Most retail traders are completely destroyed by the metals bear market and the non stop MSM propaganda designed to protect the unbacked fiat system/dollar. As a result the mining of PMs is severely damaged. Of course, it will recover but the lag time is 4- 5 years to get a mine up and going even if the reserves are already proven. Many of the exploration plays are 7 years out. Where it gets more interesting is in the actual price of metal and the mid tier producers that are STILL way undervalued if gold crosses 1400/and higher. Those smaller capped mid-tier producers with NO debt, AND profitable at 1100 gold or 13 dollar silver will be monsters as the money moves out of the larger tier producers for more leverage to price. Most retail will sell out of positions in miners at the first sign of a significant/or breakeven profit. I love it. Its really very impressive how easy it is for the casino. The PM trade is one of the most critical trades in history due to the broken world wide fiat confidence occurring. gold will be no offer.

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    4. BTW chuck the grades of the new discovery are so sad its beyond pathetic.... 1G/T mines is actually called a "profitable mine"/..BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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    5. also the lack of retail interest in miners makes me very happy and quite satisfied that our first leg is not even close to ending in this current run....

      Delete
  7. Did you see the Mickey D earnings report?

    The restaurant sector could be sending a warning sign about the US economy. In notes to clients published Tuesday, Stifel analyst Paul Westra and his team argue that US restaurants are showing signs of heading toward a sector-wide recession. And in the past, restaurants have typically been a leading indicator of a broader economic downturn. The thesis here is pretty straightforward: Restaurant sales appear to be slowing, and those sales are strongly indicative of consumer spending habits.

    When people feel they can't afford to eat out their budget is busted!!! But it is all good. Right Butt Head?

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  8. starting to feel like london and NY are losing control of the metals fix.....I'm serious too...

    ReplyDelete
    Replies
    1. its at least "closer"...;-).. But I will warn all of you. If you see a 75 Dollar move in gold or a 2 dollar move in silver then things will begin to develop very quickly geopolitically. If you don't have your plan in place then you may have only days at that point.

      Delete
  9. I have been following this website http://redefininggod.com/ for a while now and it has a very interesting thesis (backed up by links, articles etc, the elites own material).
    It goes something like this.
    We are all being played into believing the West will "win" and the "East" will lose. In reality, it will be the other way around. The "East" is being portrayed as the good guys for this script while the "West" is being portrayed as the Axis of evil (all corruption, banker fraud, wars, crazy immigration scheme, and crooked leaders come from the west).
    At one point, and the website author thinks it will be as soon as october, the tables will be flipped.
    Hillary will then lose the elections. Trump will win. Putin will get the role of "savior of mankind, ridding us all of that evil NWO". And then they will usher in their NWO new style, one that we will gladly accept because the good guys won.
    I would love you guys to check it out, and get a debate going about this interesting material.

    ReplyDelete
  10. What was it you were saying a few weeks back?

    http://www.zerohedge.com/news/2016-07-27/deutsche-bank-profit-plunges-98-and-worst-yet-come

    He's right again Snot's.....

    ReplyDelete
    Replies
    1. Investors were unimpressed, and the shares now trade for two thirds less than their tangible book value, a steeper discount than even during the depths of the financial crisis.

      What is more troubling is that as Bloomberg adds, the worst is yet to come.

      Delete
  11. DB is a defacto "bad bank" that was designed to take the worst derivatives. It'll drag Germany into the dark ages unless they extricate themselves from the cartel and go east to Russia and China and beg for mercy.

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  12. I'm going to take another stab at redemption on my Biotech stance. This is IMO the most important technology we can have for this world right now. In medicine it is the true hope for "cures/treatments" for most of our most severe diseases including cancer. It is making great strides now on many fronts. Unfortunately I was an early investor in this sector and was annihilated by the boyz as the gang banged target companies with great development products. The reason I went against biotech last year was all of the hot money in it, knowing they would repeat their game again as they did in the miners in 2011. Unlike chuck most retail investors have zero business in this sector (IMO).....BUT BUT BUT.....it is critical to finding the cures to ravaging diseases that we all face. I feel terrible that the regulators allow the vultures into this sector

    ReplyDelete
    Replies
    1. CEMP has a superbug drug that is highly needed and so far is showing great promise in all trials, toleration etc. and could be buyout target like RYLP DD required
      AKAO has drug in same area and is priced cheap down here and could be a good gainer on any biotech strength

      Market needs to pull back if it wants to go higher...it's had unreal run since brexit....getting overbought up here....

      Delete
  13. Say what you want but Damn this guy is good, he's got the Media wrapped around his finger hehehehe

    http://www.zerohedge.com/news/2016-07-27/trump-i-hope-russia-has-all-33000-emails-hillary-deleted

    Too Funny......

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  14. Hello. I feel compelled to add a small note to the proceedings. Cheery as I might be, I am sorry to rain on the parade of paper promises. We have reached a critical point of this charade and I am relatively certain none of this diatribe will change any of your opinions in the least, but allow me to furnish you with a small alert. Never in the history of any cycle has the inevitable collapse failed. We are not entering the point of no return. We have already entered and soon to accelerate. The high debt levels are a huge burden that will strangle the world economy. Since future production is reduced by debt obligations. That is just how it works. When you have huge debt, you will have less of your future income/production available due to the debt obligation that has to be met.

    These debts will have to be settled. There will be no progress (growth in economy) The settlement of these debts is that “worst part” of the financial crisis. The majority of these settlements will occur as the stock market collapses, and currencies/banks fail (the collapse is the settlement). This will be the greatest depression ever faced in modern history due to this simple mathematical certainty.

    I'll post again in a couple of months.

    ReplyDelete
    Replies
    1. Oh they'll be settled alright....one way o anothu

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  15. Hey T.....GPL hit intermed bottom today 2.10 is int. target...before handle forms..

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  16. Thanks for the heads up, I'll take $4. Hehehe

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  17. Good news this morning Amazon and Google BEAT!!!! as they buyback their shares in mass.....nevermind .....oh and on a "gloomy" side note, energy/oil crashing and next round of energy company defaults about to come

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  18. Great news GDP missed. prior quarter lowered. It is all good. Right Snot?? Obama says it is all good at DNC convention!!!! BaaWaaaaaaaaaaaaa

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  19. RIC broke out recently and now moving to 14

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    Replies
    1. Hey Butttfoxy.....that's a BIIIIG SLUUUUUUUUUUUUUUUURP!.....now a 12 bagger off its lows....BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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