Sunday, December 11, 2016

GOLD FOLLOWERS ARE ROADKILL NOW

You're finished punk! You're ROADKILL! At least that's the meme you're supposed to believe and I bet that even some of the hardened gold bugs are withering under the relentless beatdown of precious metal prices over the past four months. That's right FOUR MONTHS. A once promising rally in gold and the precious metal's stock shares is now in shambles for the beleaguered believers in Bali. It seems like yesterday when the "believers" had returned to post here in the comments and renew their old acquaintances as the price of mining shares appreciated 4, 5, even 20 times off their lows in just a matter of a few months in a move that caught even the most ardent gold bug flat footed. So what changed?




Donald J Trump was elected President and the greatest rate increase in history is about to unfold. Amazing how these epic events can influence the fundamentals in the yellow metal. I know its a waste of time to bring up the fact that we still have Trillions and Trillions and Trillions of debt that is mathematically going to destroy ANY possible return to interest rate normalization.....but I digress.  

What I really wanted to touch on today is HOW this will play out in a simple way that even I can understand. This is all about extend and pretend. There is no "FIX" in this game. It is all about wealth EXTRACTION during the extend and pretend phase of this game. So how can you tell where we are going. WATCH your grocery shelves. WATCH your prices on everything you use. Lumber, food, gasoline, education, medical care and medicine........YOU get the picture. In the interim if they can keep these prices somewhat CONtrolled they can extend and pretend with massive money printing with each "crisis" that rears its head. The increase in prices/wages will mean the VELOCITY OF MONEY is increasing and the CONfidence in holding that fiat in your possession is rapidly diminishing. WHEN that begins they will not be able to stop it. It will RAPIDLY spread through all markets, engulfing the world in a panic. The much vaunted "bond vigilantes" will then have their day, but the sucking sound from hell will even overwhelm them as their fiat bond base implodes. 

Egon von Greyerz:  “Flation” is guaranteed in the next few years. We will see inflation, stagflation, hyper-inflation and deflation. Many of these flations will happen simultaneously. Currently we have major monetary inflation combined with asset inflation. Credit growth and money printing have in recent years benefitted the ailing banking system but have not yet reached consumer prices and therefore there is no ordinary price inflation. In 2017, velocity of money is likely to increase, leading to stagflation, which is higher prices without growth. But as the problems in the financial system deteriorate, hyperinflation in most major economies is virtually a certainty. The build-up of debt and derivatives in the last quarter century guarantees that desperate governments will print unlimited amounts of money in a frantic attempt to save the financial system…

In summary..... we are not there. As long as they don't have runaway INFLATION then DEFLATION can be "managed" by money printing......ie the Dollar/Euro/Yen. Derivatives can still be managed by the CBs and the World can proclaim its "all good". Again its NOT deflation that will limit this game.....it is INFLATION and until that starts to get onerous, they will print.

For me right now it is simple. I think in the near term...(next few weeks) they will take some air out of the Dow and bring gold up as they reverse their trades and the smart money that's been taking down the miner shares and gold will start another intermediate up move in the miners. Then again.......maybe they won't.......gl









141 comments:

  1. http://stockcharts.com/h-sc/ui?s=AG&p=120&yr=0&mn=2&dy=0&id=p93033769692&a=493062750&listNum=1

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  2. ... and in 2 hrs, 4 days of ag price erosion is reversed, lol Shares are turning green, as well- just watching the show!

    -SS

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    Replies
    1. ya think itz gonna turn???? BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA hope dat right side cup coms sooooooon......LOL

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    2. Let's see it happ'n Cap'n... it won't be without some gasp inducing whipsawing, I'd suspect.

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    3. No one recognized or discussed the initial miner movement in January and February of this year until most of my miners had tripled or even higher. By then it was March until the MSM discussed this move and your gains were limited. The first move is always the biggest percentage.

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  3. Blackrock just established a position/bought 32 million shares of TAHO, Tahoe Resources. The stock price looks like it is reversing.....

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    Replies
    1. good info and what is happening in a number of these juniors and mid tiers as the boyz take positions after the beatdown. I think GPL EXK AG GORO are good silver plays but it just depends on how the blackrocks take them up and on what time frame

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    2. Agree- TK.V that I mentioned a few days back have had recent inetrest/investment by IFC (World bank), JPM and they don't buy losing propositions... yet the share price drags along sideways for 2 yrs. When will they have enough and let it rip? Only they know the big plan, lol

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    3. Big drilling schedule this year- news will be flowing per CEO...

      -SS

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    4. http://www.newswire.ca/news-releases/ifc-re-invests-in-tinka-resources-to-support-sustainable-mineral-exploration-in-peru-600886261.html

      Its all about "sustainability" lol- ... of the Boyz control that is.

      Delete
  4. GPL 1.58............watta beast.......sumbody wunts dat handle breakout to happen

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    Replies
    1. They do cycle through the key players to masque the sector action- sneaky...

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    2. Right- "today's blue light specials": GORO, SSRI, WLDVF, RIC, SVM.TO lol

      -SS

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    3. Quite the volume in GPL today. sold off a bit late in the day. Somebody wants it higher for sure.

      --Sheeps

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    4. OTM calls for 12/16. 2.50 strike .07. what is the chance?


      --Sheeps

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    5. bet dey is cheap cheap cheap too

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  5. OKay dokay boyz n girlz....we are gettin' to the point of reversal in this long downturn. It wasn't as long as the 3 and a half year bear market in PM shares but it feels pretty damn painful. Don't have any dry ammo and they may give us one more down through our bunghole to flush out the bitter clingers that jumped on this boat a little late and are down big.......dunno.....but my scenario was the cup n handles on several charts play out this week with the beginning of the reversal. If that is blowing smoke up your panties then I will apologize (not really)....but i just think too many things are coming together for the rotation of the trades.ie bonds UP (rates down).......general markets DOWN....Dollar DOWN.......PMs begin the move up.....price action might be choppy until end of year in all of these sectors but trends will be reversing and then really kicking in Late Jan and Feb.....patience and wait for the big price swings to trade positions.......in other words wait until they extend over their MAs into overbot

    ReplyDelete
    Replies
    1. PS if we do get it in the bunghole and you cry......then you shouldn't be in this trade and get lost buttfox

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    2. What if Yellen does not pull the trigger on the FEDS Fund Rate? Really why risk a market hiccup now?

      Even if there is a rate hike in play tis already priced in. I would think the dollars gets weaker either way.

      --Sheeps

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    3. she has to pull the trigger...she's in a box now for CONfidence in the FED.....any market hiccup will only be used to bring in more printing and algo squeezes of shorts at opportune times coordinated by the Fed. ....and YES you are right the hike is already priced in for the market and for PMs......therefore in short order the trade will reverse as money rotates to "the other side" ie the sides of the boat least crowded.

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  6. It is quadruple witching week... be nimble.

    -SS

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  7. Looks like sumone else likes my play..........the boyz

    http://kingworldnews.com/all-hell-is-breaking-loose-in-these-key-markets/

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  8. what happened to the Santa rally?

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  9. ... and in 2 hrs we're back to ag $16.7x, lol But our faves remain green! Watch 'em working... We're back to a 10% arb opp SGE vs COMEX.

    -SS

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    Replies
    1. interesting price action on miners with headline gold price neg.......also interesting is the continued meme that bloomy and CNBS paint on the gold price all day long on these red days. i wonder why such an insignificant commodity gets SOOOO much attention on red days....WHY i ask WHY....its a meaningless relic yet they verbally give its DOWN day prices all morning long.

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    2. Bloomberg mouthpieces chuckling how "Gold needs all the demand it can get" while the Netdania volumes are through the roof. Geared toward the "low information" investors... Don't look for yourselves! It's the Russians!!

      -SS

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    3. Meanwhile, Kanye's huddling up with DJT, lol

      -SS

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    4. exactly WHY talk about it if its sooo insignificant after all its going down??? BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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    5. EXK's turn to be Bell of the Ball, today... almost +9%. Stuff yer treasure chests, Boyz!!

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    6. loooks like the boyz are still accumulating

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  10. CDE looking strong throughout, +6% today...

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  11. Are the miners actually a hedge if the FED doesn't raise rates? Not sure I get why the divergence. But guess it doesn't matter, lol.

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    Replies
    1. they will move up significantly when the rotation out of momo stocks rolls into the miners......that is getting near but NOT there yet ...still accumulating

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    2. I've not got it for years.

      To raise rates or not raise rates can be perceived as a poke to Trumps eye.

      PPI hot but the already strong dollar has to be a headwind for sales/GDP.

      Rates already moved in anticipation and this will be a headwind to home sales.

      Employment "good"? What we want to cool off this trend?

      The herd is saying raise..the herd does not have a good track record lately.

      Either way, I guess they hammer metals. May be a chance to BUY. I like CDE too. chart has been in buy territory.

      --Sheeps

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    3. Sheeps, How can you say Employment is good when there are at least 100 Million out of work. Kindle

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    4. Ha! of course! A bit of Sarc there.

      --Sheeps

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  12. "What happened to the Santa rally?"

    It's been going on since the morning of Nov. 9, with room to run, thru March 2017. There'll be constant rotations in and out of different sectors, defense, tech, industrials, financials, so need to be quick and nimble. Lots and lots of $$ to be made in the market over the next 4 years with President Trump in charge.

    ReplyDelete
    Replies
    1. FWIW......right now is the most crowded trade LONG on general equity there has EVER been.......the boyz WILL collect some scalps from the long side.....and most likely in the near term

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  13. PPI Comes In Hot: Core Producer Prices Jump Most Since 2014

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  14. so you don't believe in trendlines huh

    http://stockcharts.com/h-sc/ui?s=AG&p=120&yr=0&mn=2&dy=0&id=p93033769692&a=493062750&listNum=1

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  15. Here is the result of a significant arb opp between the COMEX & SGE...

    The volume of physical gold withdrawn from vaults of the Shanghai Gold Exchange (SGE), a proxy for Chinese wholesale demand, in November accounted for 215 tonnes, up 40 % from October and the highest amount in ten months. Year to date SGE withdrawals have reached 1,774 tonnes.

    https://www.bullionstar.com/blogs/koos-jansen/november-gold-price-down-chinese-sge-demand-strong-despite-import-curbs/

    -SS

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    Replies
    1. That divergence WILL have to be CONverged and when it does

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    2. Whoah- WLDVF hammered back into October -17% on too much manganese in its ore relating to an article http://www.globalminingobserver.com/378655.

      Manufactured entry point and ploy to shake weak hands??? We've seen it many times... lol

      -SS

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    3. Third tap to clear 17.15 in 3 days for ag... & 1165 for au...

      -SS

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  16. All volumes low ahead of Fed announcement... Its quiet, too quiet...

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    Replies
    1. after the announcement the first move is to be faded.....that's where (for traders) it pays to be nimble. If we get a pullback immediately in miners/PMs then I would feel the gamblers with any cash on the sidelines may want to make a quick move. If you are too heavy long and miners get a quick pop then you may want to take a little off the table......

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  17. first move on miners is to the red......

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    Replies
    1. DXY has a bit of green.

      I can see the Tweet now: Yellen you are fired!.

      --Sheeps

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  18. Well that was a Surprise.... Hehehehe

    What a farce....

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  19. USD pops, ag recovering... shallow dip in the metals. so far.

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  20. may see some recovery of metal share prices into the close but no big breakout today....can't do that on a FED day...

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  21. DOW 20,000.......the NO BRAINER.....right?.....it does set up nicely for the perfect "buy the dip" mentality to lure in the final distribution if they bring it down.....Do ya think the boyz are that devious?

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  22. Dow 20,000 hehehehe when do you think they'll pop the bubble?

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    Replies
    1. Its a "NO BRAINER".......of course the entire rally is a NO brainer and like my contacts have said .......its all a big fraud.......they are members of the boyz club and they are complaining so you know this can't end well

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  23. Ok Kliguy what happens next ?
    Kindle

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    Replies
    1. Well Kindle Unlike you I bot my GORO at 1.15 this year.....BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA......and I'll just sit tight......I was up over 500% a couple of months ago on my overall portfolio for YTD and now only 300%.......so I guess its a matter of perspective.....IF I were a great trader I woulda sold at the high and went to cash........I didn't so I will take my medicine..and unless I am totally wrong and i could be....we should see a resumption of the bull trend......YOU will continue to get whipsawed and cry .......I think this game is fascinating and of course crooked but big boyz don't cry ........

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    2. I wasn't crying..Just asking what you thought higher interest rates would do for Gold and Silver..I am a small player in the minors..By the way I was trading stocks when your Mother was changing your diaper.

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    3. I'm sure you were quite the trader. BTW could care less about where the short term is but it doesn't mean it isn't fun to watch the game. Everyone on the street knows this is all fixed. Some hope it ends well or they leave the door open just enough for them to get out but virtually no one INCLUDING myself is upset that we haven't gone into a full implosion. On the other hand I believe that an implosion is the only way we return to a starting point for "free markets" to return. We are starting to implode pensions now and that cannot be tolerated. We are starting to get inflation in wages and core. THAT also cannot be tolerated. They have to step in soon to put some brakes on this and raising the interest rate 25bps ONLY follows the bond market. There are so many dislocations that watching CNBS is now a comedy act with them all playing "Guess the Fed".......hehehehehee.....hey why not let the distraction go.....I had 5 years to position myself financially, emotionally, spiritually, and THAT I didnt expect to get . again could care less where they go but short term metals are way oversold

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  24. "Gold Down following optimistic comments from the Fed"

    We bailed out some folks... and we lent trillions and trillions to other country's central banks... and we changed bunch of rules to make the "data" look more favorable
    and we rigged some things for some folks... but overall things look pretty good. Hehehe.

    OK This, This is the bottom hehehe.

    -OH




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    Replies
    1. Yes OH ....THE bottom.....BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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  25. BAHWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!

    Well that didn't take long... Hahahaha

    http://www.zerohedge.com/news/2016-12-14/it-was-surprise-us-yellen-reveals-how-trumps-fiscal-stimulus-may-have-doomed-stock-r

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  26. this scam is so precarious they have to hold a high mass to raise rates 25bps. they can't even let the boyz rip the markets down for a 10% correction or their algos go into hyperdrive implosion. the bond market is going to break out on them and then it all goes to hell fast and that will ONLY occur with inflation/VM....no VM and they can continue to print. so i do see another cycle of Mega QE but that will be the last because inflation will not be contained without an extinction event ...and they know that. You think things MIGHT be normal? just look at India right now.....total fochin chaos with their war on paper money and now gold confiscation. look at Italy. look at greece/france...they're already collapsing. Brexit Trexit .....This ponzi is unwinding right now....you just don't feel it yet...hehhehehehehe oh and finally DONT buy gold!!

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    Replies
    1. But but they are going to raise three more times in 2017...who's going to finance 20$trillion and counting in debt with higher interest rates? In the meantime, the banks are salivating.

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    2. The puppets of the money machine are just jawboning for they have held rates at 0% for years and years, Kli is right, but it also serves the purpose of telling Trump not to increase the deficit in case things go south so they have an out, how convenient. How do you slow a trillion dollar annual spending when ol' grey hair bull shitter' talkin' bout the unemployment rate not the job participation rate and the white man's Obama is in da house hehehe.

      -OH

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  27. It's a freaking joke, was on the road most of the day and listening to the business radio I just wanted to pull over and puke. Who believes this chit, hell up by me no one is spending on discretionary stuff anymore, Local Municipalities are bonding to meet regular expenses, development is being done via incentives other wise noting is done and these asshats keep building retail and high end apartments for a residential base that's broke... I dunno maybe were at the point of our own version of Chinese Ghost City's... It's Nutz!

    btw: Australia is floating doing away with thier $100 note...

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  28. https://mishtalk.com/2016/12/13/war-on-cash-escalates-australia-proposed-ban-on-100-bill-no-cash-within-10-years/

    -SS

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  29. well well well the cup N handle bottom was a "bear flag" instead.....and the slaughter on silver HOPEFULLY culminates today......hopefully......this slam will not be taken well by the newbie clingers.....talk about a stop run capitulation potential......ugggghhhhhhhhh......bet this brings buttfox back

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  30. gotta see how today develops.....wont get to watch friday.....but today could be the big flush then turn day....THAT would be the most bullish indicator for "the" bottom........or it could just be more beatdown

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  31. Not watching today... ouch!

    -SS

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  32. Replies
    1. Those last two scheduled waterfalls were no fun, this one I doubt will be any moreso... lol

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  33. BUURUTALLLL.....now that's how you send a message!!! That kind of move in silver will chase a lotta the clingers away for good....just what its supposed to do

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  34. The former, bitter clingers are now just bitter. ;-)

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  35. I guess the boys decided it's HAMMER TIME!

    https://m.youtube.com/watch?v=otCpCn0l4Wo

    Can't touch this!!!!!

    BAHWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!

    ReplyDelete
    Replies
    1. bloomberg news on now and just flogging gold...."Fed action has just crushed gold".....funny how such an insignificant metal attracts so much attention today. Tom KEENE was on earlier this am and was giddy with gold futures down......he is such a paper Fed shill that i had to laugh. He was giddy yesterday too on gold futures being down.....ya think this isn't a coordinated game

      Delete
    2. OK This, This is the bottom hehehe.

      I AM NOT LOGGING ONTO MY ACCOUNT TODAY. These sons a bitches and there money machine.

      -OH

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  36. Hey OH,

    Do you wanna ask that question AGAIN?


    BAHWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA......

    ReplyDelete
    Replies
    1. weren't you the guy telling me it may be better to just stay out of the market?
      Ouch. and now the trolls are back hehehe.

      "You're traveling to another dimension...a dimension not only of sight and sound but of mind...Where reality is what we say it is and you get to pay for it, literally. Your next stop: The Twilight Zone."

      https://www.youtube.com/watch?v=S4m848bh1iY

      hehehe

      -OH

      Delete
  37. 16 looks like pretty strong support, but when you have unlimited access to monopoly $$... Giggling manipulators caught in chat convo's running stops pretty much illustrate what and how in the recent manipulation suits. Can you just hear them today? Karma will be merciless. (with any luck) lol

    -SS

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  38. Gold going to $900 suckers...

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    Replies
    1. I hope so, get it down and hold it down into 2017 when I can pull IRA money (minimize tax bite) and buy silver/gold with the proceeds. I'll leave those little miners to you boyz.

      Did you see how much gold has been bought/delivered on the SGE (and they deal in real gold), lots of demand for the real thing.

      Delete
    2. Are you one of the giggling "stop busters"? Elucidate, please.

      -SS

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    3. Asked of CS. :-)

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  39. Bloody on the streets.

    Down side move a bit light on vol.

    Two red candles beg one more.

    Looking for the hammer.

    --Sheeps

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    Replies
    1. is the hammer too obvious???.....NEVERRRRRRR

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    2. too funny sheeps......they're taking out every weak hand that jumped on the trade in the last three months

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    3. The DXY not following through so far. CDE showing positive divergence on the RSI. Painful as it is pulling the trigger on CDE,GPL maybe NUGT at some point today or tomorrow.

      --Sheeps

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    4. don't play the leveraged etfs.....they are shit

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    5. Yes nugt is a trap. Looks interesting as an oversold play for a day.

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  40. constant headline on all networks "GOLD TUMBLES"

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  41. http://www.zerohedge.com/news/2016-12-15/forget-20k-stock-market-level-watch

    Its teetering again...

    -SS

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    Replies
    1. sure its teetering but EVERYONE says DOW 20,000.....EVERYONE.....looks very easy to me....an awful lotta smart people are saying sell off in January in general market.......what if it starts earlier.....BWAAAAAAAAAAAAa.....a lotta people are on the long boat right now and that boat doesn't have a door

      Delete
  42. My family has been in the gold business for over 40 years. They are predicting $900 - $1000 on gold.

    ReplyDelete
    Replies
    1. it might....but it won't last there long

      Delete
    2. BTW I wish you could get silver down to 12 too

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    3. CS ....your profile says you've been on blogger one day......didya join to help us MORONS out on this trade or to help us OUT of this trade........Now get back to your brothers

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    4. Kli,

      But this asshat, who chose today to post, has had family in the GOLD biz for over 40 years, give him a chance BWWAHAHAAAAAA

      But seriously, I am finding out what I already knew, you walk into the casino and there is a strong chance you will loose a lot of your hard earned money, especially since the whole fcking thing is rigged from top to bottom and not only that but you got give uncle Sam a portion of your work and profits from any wins in the rigged casino Thanks for playing, and then we have to listen to these clowns like Greenspan and Bernanke and Yellen extending and pretending and faking it till they make it while they are trying to now outlaw cash. Look at where these experts have gotten us, but yeah, I see $600 gold, maybe even $400, why not $200 gold, heck we got close to full employment hehehe.


      -OH

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    5. OH physical is number one....i play the casino miners as a hedge that applies to MY situation. I believe there is a fair chance the paper casino may be open for another year at least maybe even a long time but with big changes occurring and probably some "holidays".....It may seem really remote on a day like this but Nature will be obeyed ....they just have the power to disguise its effects and delay its exposure but time is on our side. Also be aware there are some very bizarre developments such as India cash confiscation and Italy Greece Venezuela occurring now. India cash confiscation is ALL about slowing down their gold accumulation. China has started to "try" to slow down gold.....I thinK they are seeing physical drying up in the near future unless they slow China and India down. good luck with that ...they'll do the same here........its a long road ......get out of SoCal

      Delete
    6. Just avoid those lil golden rings. The one I bought ended up costing me half a million $s an ounce, so $5k aint nothing as the price of gold goes. Baawaabaawawawaaaa

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    7. Good one inlet. Why is divorce so expensive, because it's worth it hehehe.

      -OH

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    8. Early contract buyout? Cause continuing the contract would cost twice as much. Hehehe

      Delete
  43. Where's ole Snot's, the new guy is boring, Yawn...

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    Replies
    1. I wonder what CS's family with 40 yrs in the gold business,(Roma pickpockets working Bulgarian trains) think about SGE (a real physical market) pricing gold $50 higher than the phony COMEX (and silver $2 higher) during this psyop? And where do they fence their "investments"?

      Delete
  44. FYI I've been reading this blog since the old SKF days. It's just not worth posting here because Kli and his cronies will just bash you and will call you names like asshat. I was just posting an opinion fwiw. Sorry to offend anyone.

    ReplyDelete
    Replies
    1. Asshat!

      Somebody had to.

      Only serious.

      --Sheeps

      Delete
    2. BTW if you post an opinion and want us to take you seriously and not view you as the troll you are then you might want to leave "suckers" out......but then you knew that hehehehehhehehehehehehe......we like trolls here .....so stick around buttfox

      Delete
  45. CSDecember 15, 2016 at 10:10 AM

    Gold going to $900 suckers...

    You're right, its not worth posting. Asshat.


    No offense- lol

    -SS

    ReplyDelete
  46. http://m.quickmeme.com/meme/3s3mc1

    Hehehe

    ReplyDelete
    Replies
    1. For smiles, read the comments/replies to John Podesta's Op-ed in the WP... deliciousness.

      https://www.washingtonpost.com/opinions/john-podesta-something-is-deeply-broken-at-the-fbi/2016/12/15/51668ab4-c303-11e6-9a51-cd56ea1c2bb7_story.html?utm_term=.e076310d260d#comments

      Delete
  47. Martin Armstrong agrees with CS (or vice versa) and Ackermsn's post is worth reading: http://news.goldseek.com/RickAckerman/1481894693.php
    Of course, today is quad witching so the charts show a perfect h&s with a bounce at the neckline...we'll see if it holds over the week-end. GL everyone.

    ReplyDelete
    Replies
    1. What does he say happens with COMEX gold at $900 and SGE remains at, maybe, $1100? What will premiums on physical do at that paper price? What will COMEX's fate be? How will that affect markets or capital controls? Paper price is interesting with respect to how it affects physical price & availability.

      -SS

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    2. the ultimate game CONtrol is physical and EVERYTHING we are doing with cash and gold revolves around maintaining the CONfidence in fiat and therein the meme that GOLD is NOT a safety trade. PHYSICAL is the limiting variable and they are desperate to play this out ....eg the banning of cash....you can't buy physical with fiat as easily if its not in cash in the black markets etc......bottom line is its getting desperate as so many unintended consequences are now lining up

      Delete
  48. Kli, got my buy signal for the day...may be short lived.

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  49. filling the gap?
    https://www.tradingview.com/x/COIgtRX4/

    --Sheeps

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    Replies
    1. more importantly is it gonna break outta that handle

      http://stockcharts.com/h-sc/ui?s=GPL&p=D&yr=0&mn=8&dy=0&id=p54636066185&a=494106259&listNum=1

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  50. GDX chart that I had a note on a couple weeks ago i left it on and didn't touch any of the support lines i had in it then.....just look where we are

    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=0&dy=0&id=p80382242228&a=486765398&listNum=1

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    Replies
    1. My last couple posts here have not saved to the site, maybe an issue from my side, let's see if this one remains. There are a few critical things in play, last time I posted a couple weeks ago, I noted there were no viable long-side swing/options plays, will update later in the wee hours per usual if I can.

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    2. always welcome and don't know what the issue is with not saved to site.....but this site always allows you to post your site links too if you wish to promote your site just as long as it goes along with trading markets or related geopolitical issues.

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    3. sometimes google will junk some links and i don't know what there parameters are

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  51. why i don't even read Armstrong anymore

    http://news.goldseek.com/GoldSeek/1481904240.php

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  52. Kli, per post above, ignore Armstrong, there are various reasons why PTJ hated him, I will not go into that here, outside of compare their net worth. Armstrong had a very rudimentary premise based off related PI (3.1415) multiple related to market lows, it was a retard's interpretation of PI in the sense of market cycles that have inflections that map to key degrees of a circle, that was given as a hint on T/A from Gann in the 1930 era. Edward Dewey was the previous head of that group, and his findings were of interest. I will give GDX premise in the next post.

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  53. Here are some end of year things for GDX, the first being an admission that I blew a call on the analysis related to the seeming cycle breakout in November. My enthusiasm for the possible turn of trend overrode what I had as a model. I found the error, with hindsight making geniuses out of anyone. Unfortunately, that led to continuation of downtrend. A couple key points I wanted to pass along were key levels of GDX: 18.63 (do not play that one since we are in danger of cascade here), 16.5, 13.5. I have no valid long swing/options trades rest of year up to 1/10. I mentioned "critical" earlier this evening to Kli, the first of those being, do NOT game the lower trend-line off the channel staring 8/12 for options or swing trades. We are due for an acceleration trend down that breaks the current trend. The exciting thing for the upcoming year, is that there are definitive turn points for swing and options traders that I will pass along, they are multi-baggers. I also have the first part of this year as back and forth basing (bottom range) to set up a move up later year, also mid April is critical. As part of the other thing that is critical, do not game an end of year turn for gdx - there are key pivots upcoming but turn of year is not one, patience...1/10 is okay, 1/22 is golden. If I am wrong well....

    https://www.youtube.com/watch?v=_uDWfTpIp3Y

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    1. I knew they would hammer the trade and will take my medicine here. they are in full control unless they get and algo trip and you cannot depend on that. as usual Patience and Pain

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    2. I didn't count on the hammer being a sledge hammer.............

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  54. India beta test on gold may backfire and could rip gold higher

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    1. amazing why this barbarous relic is getting soooo much attention right here......tick tock

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    2. Stackers may be conspicuous in their appetites... SGE a grey swan...

      -SS

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  55. http://www.zerohedge.com/news/2016-12-16/when-gold-goes-above-1430-we-whack-it

    Well there you have it.....

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  56. Just be careful, this could be part of that FAKE NEWS the experts have been warning us about, remember CNN said they had to interpret and read wikileaks for the public as it should be illegal for the public to read wikileaks without approval.

    Then again, just like the big banks, commit a billion dollars in fraud, pay a million dollar fine or claim it's national security or if worse comes to worse take the Hillery approach and just have friends in high places or maybe just blame it on the Russians, maybe Putin was in on this somehow. you just don't know.


    It's all good Tommy!

    -OH

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    1. its good for the collective.......just make sure you collect

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    2. You are correct. It's all meant to make you depressed, it's all BS but the important thing is never forget to take yours off the top. We should know around mid March what the score is in this fake whathaveyou.



      -OH

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    3. Reported Gold premiums range from 1.4% on 10 oz bars to 21% on 1/10 oz eagles. Silver premiums range from 2.24% on 100 oz bars to 41% on Ebay silver eagles. Availability not guaranteed. Huge ranges. Some good deals if those low premiums can be had...

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    4. premiums starting to show signs of availability stress. much worse to come

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  57. while we're crying in our beer I that id join in . Tom i reached all time highs this year......i remember when you asked earlier i had not but eventually i went 20% over my all time high......... my point is this. this trade is a major risk/reward play and if you wanna gamble you might just be in one of the biggest bulls ever......of course as i said earlier a great trader woulda been completely out at the top and anticipated this slaughter.....BWAAAAAAAAAAAAAAA

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    1. A great trader also holds core and is not shaken out - 2018/19 you will be happy you have it. It is easy to get discouraged, that is par for the course in trading. The entire game over the next year is to keep core, but trade the range-bound swings as bottoming patterns as a way to build some additional cash for entry for the breakout. You will be beyond happy you did once you see what transpires. 2017 is an investment year, you will look back on it as a gift in the next two years following. Long term (2018-2019) perspective is very important here, and if you are not on board for the train, there is absolutely no way you get on it when it ramps. There will not be an entry, you need to be in prior.

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