Monday, December 26, 2016

GOLD BUG ARMY HAS SURRENDERED

After a brave charge early this year, the gold charge has turned into a rout. The surrender of the mining shares over the past couple of months marks the end of a year of hope for the much maligned gold bug soldiers. With the grinding down of the MACD and declining volumes come the gloom associated with losing. Most of the troops wonder whatever happened to the leaders of the battle like Rickards, Greyerz, Holter, and others. They were so certain that victory was at hand.......and now defeat.

Funny how you analyze this trade and funny how well the psychology of price destroys your resolve. Everyone is euphoric as miners after a 4 year bear achieve 500% moves off a ridiculous bottom, but then fall into abject depression when a normal correction occurs knocking down the price 50%. What in the hell did you think the boyz were gonna do? Spoon feed you the trade of a lifetime. I'll bet you thought they were just gonna let you jump on lollipop boat to paradise and feed you grapes and powder your butt while they made you richer each day. Good grief!! Wake up!! Some of these moves were insane. 10 and 20X moves in some of these left for dead miners. The boyz don't make money just holding these stinking pigs. They trade them and when they trade they are going to rip your heart out both ways. UP and DOWN. How many of you were heavily loaded in miners back last December? Probably not many of the "believers were still left. How many of you traded out of your positions within the first two months? How many of you finally jumped into the gravy train midway through the year after the first pullbacks?


ALERT: Major End Of The Year Update On The Gold Market

WE WON!!  BEST SECTOR IN SnP up 56%YTD
              GREAT CALL SKIPPY

That's how this war works........STRATEGY. You pick the wrong strategy and they'll find a way to run over you with a Panzer Division of traders. Don't over trade these guys. The play in gold and silver is just beginning. There will be so much money printing and spending now that the Trump regime is in charge that no amount of jawboning about CONtrolling money supply will stop the hoard of inflation that's coming down the pipe. The storm that's coming will make the Blitzkrieg look like a walk in the park. Big boyz don't cry they just put their big boy panties on and step into the war. 













78 comments:

  1. https://en.wikipedia.org/wiki/Confidence_trick

    A confidence trick is an attempt to defraud a person or group after first gaining their confidence, used in the classical sense of trust. Confidence tricks exploit characteristics of the human psyche such as dishonesty, honesty, vanity, compassion, credulity, irresponsibility, naïveté and greed.

    I get your point about there being enough bag holders to pull the plug, but after the past 10 years of rewarding speculation with endless free money post structural default, privatizing the gains and socializing the losses with interventions, legislative acts, executive orders and no real market forces at every turn, threats of negative interest rates, a cashless society and especially the stats of my last post, aren't we already at the "After That" stage and we gotta figure out how to keep the party goin'? hehehe I am guessing spending and inflation.

    But like you have implied in your posts, there is the Foundation Work, the Build Up, the Hurrah and the Pay off,the question is when. Next month should be interesting.

    -OH

    ReplyDelete
    Replies
    1. I have zero CONfidence in timing right here other than to say we are way oversold on the short term. we should get a very near term bounce.. As far as the bullish case goes in miners all I can say is when the general market and bond yields tank then money will also move into gold and miners. they might even sneak into them this week.

      Delete
    2. my time horizon on this depends on the first ten days of Jan.....should see a rotation there OR it plays out flat through the summer

      Delete
  2. a very choppy miner trade off the bottom will keep most bulls out of the trade .....so it will not be the very steady up move made in January. we had a very steep trend up for the first wave this year ......this wave will be very choppy at first....THEN we will get a very hard move up to end the wave before the next hard consolidation. again this will be a multi month wave up just like this years was .......

    ReplyDelete
  3. DOW 20000 TODAY!! BWAAAAAAAAAAAAAAAAAAAA ...........for SURE

    ReplyDelete
  4. Dow's on the struggle bus- oomph, uggghhh, aaaachhhhhhh, errgghhhhhh..... gotta get there for Warren B.....

    GPL's got the "juice"

    -SS

    ReplyDelete
  5. Don't have boob tube on right now but an awful lotta sell orders are gonna get triggered unless they rip this baby gap over and running by tomorrow gap and run these or it's just one giant bull trap

    ReplyDelete
    Replies
    1. Futures are -60 right now... lol http://1un1ba2fg8v82k48vu4by3q7.wpengine.netdna-cdn.com/wp-content/uploads/2015/04/Admiral-Ackbar-Its-A-Trap.jpg

      -SS

      Delete
  6. Still looking like they are running the bag holders worst nightmare. Notice how the trolls evaporated. Also low volume week which freezes everyone till next week. Hope they don't close the door

    ReplyDelete
  7. To figure this move out look at bonds. They must bring back fear trade fast or the bond market tanks and I do not think they are ready to tank it. They'll wack the dolllar raise bonds and tank yields and take down market. While rotating into miners.

    ReplyDelete
  8. They might go after 20k in feb by talking down rate hikes to one and done like last year but they might go whole hog qe to save the last trumpnado. He's with them. He just might not know it yet lol

    ReplyDelete
    Replies
    1. Pento says first of the new year profits will be taken for tax reasons, SDR Rickards says one and done and then cut, round and round we go.

      Of course he will be with them, one man can't buck the entire system to get businezz done, just like that ol' The Who song.

      As Tom says, Whatta Fckin' farce.

      -OH

      Delete
    2. Has Rickards ever been right on anything ? Just wondering why anyone would listen to a word he says.

      Kindle Himself

      Delete
    3. I get the feel he is the mouthpiece for elitist fiat policies but what do I know.

      Harder to remain solvent in such a irrational rigged market hehe.

      -OH

      Delete
  9. Market internals deterorating. Shit can you imagine being a long only fund at this juncture You gotta have big balls Oh shit moment

    ReplyDelete
  10. DOW TO 20000.....its a "NO BRAINER"....CNBS pundit 3 weeks ago.....

    ReplyDelete
  11. I wonder how CS's short of GPL at 1.61 is going? Hehehehe, too funny.

    ReplyDelete
    Replies
    1. GPL target near term 1.90 then 2.50 ...2.75 then 5 and then who knows 20??? in a year or two

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

    ReplyDelete
  13. GPL $20? Get the Foch outta here....

    Hehehehe I hope your right ;)

    ReplyDelete
    Replies
    1. I guarantee you I won't be owning any at that price.......or at least not much

      Delete
  14. Where are the freekin' trolls....can't you girls come out and play.....how bout you weenies coming back and letting ya have a victory lap.....BWAAAAAAAAAAAAAa

    ReplyDelete
    Replies
    1. Hotpockets lost their privileges for losing mom's Engelbert Humperdink CD. http://tinyurl.com/jgmmvfa

      Delete
  15. GPL & SSRI are juiced up and ready to roll!

    -SS

    ReplyDelete
    Replies
    1. IF this is the intermediate move then just like last year ya can't overtrade positions. I held through the first four months with most of my core and it paid off.....just have to see how they jack us

      Delete
  16. http://www.zerohedge.com/news/2016-12-29/italy-slams-ecb-revealing-it-has-bank-run-problem

    ReplyDelete
  17. Big Boyz don't cry.....big boyz BUY

    ReplyDelete
    Replies
    1. Wait a minute! The Great CS suddenly showed up and talked me into selling all my shares at the exact bottom and now I am down big because he sounded confident in his 100k profit from his etf miners short! Oh no what have I done!?!?!?

      BWWWAHAHAHAHA!

      -OH

      Delete
    2. I think CS might be gone again

      Delete
  18. BAHWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!

    Just Because!!!!!!!

    ReplyDelete
  19. Let me start with this, I am usually wrong and can't read a stock chart, BUT...... take a look at a daily chart of CLF. Bull flag forming? Don't hesitate to correct me.

    ReplyDelete
    Replies
    1. yes..however the weekly hasn't bottomed like the miners have on their weekly charts........so you have a lot more potential over the next year in miners

      Delete
    2. Thanks for the reply. Will keep me eye on CLF.

      Delete
  20. GORO Up 13.86% as i type.........WATTA BEAST.....poor CS is getting his nuts squeezed BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

    ReplyDelete
    Replies
    1. Right when his computer privileges were pulled by Mumma- OUCH!

      -smirking SS

      Delete
  21. TRX- Jim Sinclair's operation seeing some love. +15%,was +18%... RIC +12.5%, SVMLF +12%, EXK +11%, looking like a pivot is developing? Will be choppy as you called, it Kli...

    -Smiling SS

    ReplyDelete
    Replies
    1. bots reset on today's mark so initial move might be very powerful but they will chop it up to try to shake you out. dont know their pivots and they aren't gonna tip their hand

      Delete
  22. end of day GORO chart redone

    http://stockcharts.com/h-sc/ui?s=GORO&p=D&yr=0&mn=9&dy=0&id=p45500872032&a=496270210&listNum=1

    ReplyDelete
  23. Replies
    1. Kindle who knows owns goro and many more.

      Delete
  24. "this is the rally you won't sell" ....or maybe you'll wish you were in it....

    ReplyDelete
  25. excellent read

    http://kingworldnews.com/major-end-of-2016-update-on-the-gold-market/

    ReplyDelete
  26. I wonder did CS get expelled by Obongo with the rest of those rascals from Russia and that's why he's gone missing?

    Hehehehehehe

    ReplyDelete
  27. I'm here, always have been here. I covered my Jnug yesterday at a huuuuuge profit. Lost on Gpl short, big deal .10 loss. Gonna lay low till gold crashes again and then I will buy some of your miners Kliguy. Enjoy the short lived bounce in the miners, January's gonna be a rough month !

    ReplyDelete
    Replies
    1. Of course you did CS, just in the nick of time! One hundred thousand dollars profit, EASY!

      Because your family has been in the gold business for over 40 years and you know people in the hedge fun industry! BOOYAH!

      BWWAHAHAHA!

      -OH

      Delete
    2. this guy is DA BEST.......shorted GOLD and MINERS at THE bottom ..THE FOCHIN BOTTOM.....only SKIPPY was that good

      Delete
  28. Or he made.....

    https://m.youtube.com/watch?v=ngKT3MIfwpo

    ReplyDelete
  29. I really couldn't care less if you or any of your immature buddies on here believe me. Your probably jealous cause your a bag holder. In poker they call it Tilt or stuck and steaming. How much are you stuck on your position loser ? Your on complete tilt right now we all know it.

    ReplyDelete
    Replies
    1. Get a basic education - it is "you're" a contraction for "you are"

      Delete
  30. You know my Political leaning is a tad to the right, how'd ya know!

    Just need another .10 or .15 cents on GPL but other then that I'm good and green with the rest of those chitty minors I'm holding. Hehehehe

    ReplyDelete
  31. Btw SS we're your sexually abused as a child ? Must have been. Your incestual posts are immature and disgusting. I feel really bad for you.

    Oh and Tom Mr. Dumb and Dumber copying whatever your immature friends are saying and doing. Now go bow down to your beloved master Kliguy.

    ReplyDelete
    Replies
    1. Welcome back, Hotpockets! Keep your room clean so you don't lose those computer privileges again, eh? This last grounding was expensive, no? Sorry to hear that. At least your family, being in the "gold business" for 40 years is there to cover your losses. BWAAAAAAAAAHAAAAAAA!!

      -SS

      Delete
    2. CS get a basic education. It is "were" not "we're" which is short for "we are".

      Delete
  32. You're showing your Skippy again CS.... Hehehehe

    ReplyDelete
  33. good god.....CS is skippy......watta disappointment........one thing is for sure he lost his ass if he did any of the stupid crap he said he was doing....but one thing is for sure......he's gotta problem

    ReplyDelete
  34. I'm not skippy for the millionth time. Kli I thought you were smarter than that.

    ReplyDelete
    Replies
    1. man you showed up and blew up the whole gold miner market........singlehandedly

      Delete
    2. Skippy or not- you could be the new Gartman! Fading your calls are sure success! lol

      http://tinyurl.com/jssh2kl

      -SS

      Delete
  35. Too Funny Putin best's Obongo AGAIN....

    http://www.zerohedge.com/news/2016-12-30/putin-stunner-we-will-not-expel-anyone-we-refuse-sink-obamas-level

    ReplyDelete
    Replies
    1. I think we need more of this house Negro's hope and change about as much as we need some more investing advice from CS hehehe.

      Unless however you are investing in the bizzaro stock market where shorting bottoms makes you a fortune hehehe.

      -OH

      Delete
  36. OH,

    Shame on you calling Obongo a Negro, he's a Mulatto! Hehehehe

    ReplyDelete
    Replies
    1. https://en.wikipedia.org/wiki/House_Negro

      You can judge him by the laws and executive orders he supported, things are very strange in the 21st century but listening to CS's Super Terrific trades after the fact, you get an idea of Obama's version of reality and what he thinks his legacy was.

      -OH

      -OH

      Delete
  37. Oh and I failed to mention a Muzzy....

    ReplyDelete
  38. repeat.......law of alternates...expect this intermediate move up in miners to be CHOPPY (yesterday/today)

    ReplyDelete
  39. CS (Common Snot) says "I couldn't care less" which means he cares all he can care and can't change that. What a caring guy!!! If he "could care less" then that means he really don't give a chit. Hehehe

    ReplyDelete
    Replies
    1. CS is a heavy hitter ....big time player....he brings in heavy heavy money....and he could care less....huh...wunder how he got to be so heavy.... he made a 100K on a losing trade.....now that is GOOD

      Delete
  40. Ahhhhhh go easy on Snotpocket's he had a rough week and all.... Hehehehe

    ReplyDelete
  41. Some thoughts to end the year:

    I like cash too: “We should all own cash, because it is the most hated asset.” ~Jim Rogers, Rogers Holdings and Beeland Interests

    “The great financial success stories are people who had cash to buy at the bottom.” ~Russell Napier, author of Anatomy of the Great Bear (2007)

    “Cash combined with courage in a time of crisis is priceless.” ~Warren Buffett,Berkshire Hathaway

    Best of all from our hero: “Time takes everybody out. It’s undefeated.” ~Rocky Balboa

    An ode to my new EpiPen (This ia for you OH)

    It used to cost one,
    now it’s ten
    Our merchants of greed
    Are cheeky indeed
    These grifters are at it again
    ~@TheLimerickKing

    Nothing just happens: “The corporate sector today is stuck in a vicious cycle of earnings management, questionable allocation of capital, low productivity, declining margins and growing indebtedness.”~Stanley Druckenmiller, former head of Duquesne Capital and rock star

    “Markets don’t have a purpose any more—they just reflect whatever central planners want them to. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable.”~Mark Spitznagel, Universa Investments

    As a result : “I stopped believing in coincidences this year" ~Scott Adams, creator of Dilbert

    HAPPY NEW YEAR

    ReplyDelete
  42. Simple update on what I posted awhile ago, you will notice that the GDX intermediate downtrend continued, the daily SMA50 remains an obstacle, 2017 has that taken out, but overall GDX forms a trading range that with time will rip higher...patience, patience. The reason for holding core is plays like RIC, GORO etc can easily be absorbed into mergers, so you keep core...I just post here to give you options pops. Continue to watch those key dates I gave out of 1/10 and 1/22 (implies the Friday buy since that is a non-trading day off the model). Your indicators and entry criteria for trading must absolutely align to take those trades. Hope all is well. Video below, trading is a simple as...
    https://www.youtube.com/watch?v=oJDGcxAf9D8

    ReplyDelete
  43. http://averybgoodman.com/myblog/2016/12/30/jp-morgan-gobbles-up-a-minimum-of-over-31-tons-up-to-186-tons-of-physical-gold/

    Another scenario involves being at the cusp of a massive change in the world’s monetary system. If JP Morgan’s top management knows that physical gold is going to be a key part of what replaces the fiat US dollar as the international standard of exchange, and if that change is not very far in the future, it would make perfect sense to buy physical gold. Again, the holder would be in an excellent position to sell the gold bars to third parties (mainly, I suppose, to other banks and even nations) at the very top of the market.

    ReplyDelete
  44. Umm purchasing 186 tons of gold would be purchasing all the gold ever mined in the history of the world? Jp might be powerful but I sincerely doubt they are that powerful. Just an observation. Check the math of things you repeat.

    ReplyDelete