Sunday, June 18, 2017

THIS THING IS GOIN DOWN IN JUNE...NO SEPTEMBER..ERR DECEMBER

Okay I have to say I don't have a clue. Maybe its all good after all and the markets really are strong. I'm sure the trolls have really done incredible research and realize the incredible debt and massive money printing is just a CONfirmation that we do now live in an expansionary, eCONomic recovery. How can you not argue with that analysis? After all we only have 50 million Americans on EBT cards and over 200 million receiving government aid. I think that certainly counts as a positive. Even Janet Yellen recognizes that its so good now she raised the interest rates 75 bps over the last year and a half while tens of thousands of stores are closing...... The stock market is at all time highs with multiples in this massive GDP binge at record highs.  Imagine only having 95 million Americans of working age without a job. Its just fantastic. 

Real World Food Prices Soar 14% In 2 Months.CRB food stuff index which is up by 14% in the past two months...but its all good.....

How can it possibly get better? Maybe we can have even more wars than the current CONflicts going on in multiple continents. I mean ....heck fire we've got carrier groups forming off China. We're pumping new troops into the Middle East in Afghanistan....into Syria.....into Yemen........ We're on the ground all over eastern Europe in multiple "NATO" borders with Russia. We're deployed in over 150 countries right now and gearing up for World Peace. I like it. Its all good. What could go wrong? 


Stockman: This Is The Most Hideously Overvalued Market In History ....nahh its all good David.


Some of you naysayers probably think these flash points we have troops in right now aren't a good recipe for peace and actually are the fuel for the next major inflection point to ignite a global CONflagration. How silly can you be? As many of our most astute trolls duly note....."there's nothin to see so move along fool".




Jim Rickards said five years ago the future was going to be "Currency Wars" and even wrote a book on it. Now you can't turn on the CNBCs and Bloombergs without "currency wars" being used by their pundits. Jim Rickards was proven right and he will also be proven right on his gold prediction. I know that billionaire idiots like Dalio, Druckenmiller, Gross, Rogers etc etc are totally wrong when they say in unison "buy gold". So I guess I had better just STFU and stick my fat head in the sand and admit. "I was wrong". Its truly all good. That light at the end of tunnel is truly their and dead ahead. I'm just not sure why it moving so rapidly at me. gl Skippy. 







111 comments:

  1. Quit being a Doomer trying to confuse us with FACTS. Hehehehe

    ReplyDelete
    Replies
    1. LOL.......you're right.....its clear that facts do not matter to some of these trolls...."its all good"

      Delete
  2. But, but, but Kindle who's lost said brick & mortar food stores are different! CONsolidation and CONtrol marching forward. Food is the crown jewel.

    http://www.supplychain247.com/paper/the_future_of_retail_grocery_in_a_digital_world/one_network_enterprises

    ReplyDelete
    Replies
    1. please disregard facts. all that matters is the price of the DOW at the end of the day. the band plays on as long as the titanic is above water....never mind it is sinking....as long as the band plays the chumps are going to dance......

      Delete
    2. just look at the disruption this am in retail grocers that free money/amazon has created. how do you conduct a business model with real profit when your competition borrows unlimited free money to compete with you with NO consequences.....its a freak show

      Delete
  3. ZH .. "
    “They took everyone to the cleaners, they were everywhere,” said Lithium, handsfree on Highway One. “They were vertically integrating, they had economies of scale, the ability to pressure people politically, change local ordinances, extract tax breaks,” he continued, downshifting from ludicrous gear. “They abused workers, they had welfare recipients working in their stores, who turned around and spent their paychecks where they worked.” That’s the story of Walmart. “That’s what ‘getting there’ looks like.” In today’s winner-take-all world, that’s the destination of choice. “Investors miss the big picture on how this game really works,” explained Lithium, banking a turn at a buck-twenty.

    “There’s a valley of death that every company has to cross.” Few firms in the world have a better plan and a better man than Tesla, and even it may not make it across. “We love everything about Musk. But he has no plan to turn the corner. His only hope is to ‘get there.’ It’s another damn the torpedoes model.” Bezos adopted the same strategy.

    “Amazon has executed better than anyone, and yet it’s had a couple 90% drawdowns along the way. If investors can’t fathom a 90% Tesla drawdown they’re insane.” Musk may have to cross the valley of death a few times before getting there.

    “Uber is imploding. It’ll hemorrhage and slowly die now.” Kalanick is no Bezos or Musk. “You simply have to ‘get there’ for these models to work.” And some companies that ‘get there’ may find themselves unable to monetize the model at the end. “Netflix is starting to get there. Amazon is arguably not there yet; though you can’t imagine anyone catching them.

    Even Google could be toppled. And so many others will fail,” said Lithium. “It’s an interesting time to invest. And very dangerous. So much capital destruction lies ahead.”

    ReplyDelete
  4. Sold my GS calls today and bought KMX puts. Fun Fun.

    Why is gold getting trashed today? It broke through the 1250 support level.

    Gold
    1,246.60
    -9.90 (-0.79%)

    Silver
    16.48
    -0.18 (-1.09%)

    Richmont Mines Inc. (RIC)
    7.60 +0.40 (+5.56%)

    Gold Resource Corp (GORO)
    3.87 +0.14 (+3.75%)

    ReplyDelete
    Replies
    1. SSRI - Silver Standard Resources Inc. NASDAQ

      9.30+0.12 (+1.31%)

      I won't tell you what my basis is.... Hehehe

      Delete
  5. Jay an age old trick before "taking up" a sector or even an individual stock is to pump it down through key support which forces selling and stop runs on the hedgees.....just go back and look what happened in december 2015 after that rate hike......go back and look at what happened just after the dec 2016 rate hike..........they do this for a reason

    ReplyDelete
  6. just look how this multi year RIC weekly chart followed its trendline off its bottom........I haven't touched this chart for months and just look at the trend line I drew last year

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

    ReplyDelete
    Replies
    1. It's following the trendline to a T. It looks like it's about to pop.

      This is a great "buy and hold" stock.

      Delete
  7. Omg Kli another RIC chart ? When will you quit pumping that pos stock ? It's been stuck in the mud for the last year. A malinvestment as you call it !!

    ReplyDelete
    Replies
    1. hmmmmm......i guess you don't like trend lines.........BWAAAAAAAAAAAAAAA

      Delete
    2. Thought I'd put up Bo Polny from march .........love listening to a maestro......watta clown......just listen for awhile to see what this asshat says

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

      Delete
    3. I find it funny that Skippy doesn't like a stock thats up 800% in 3 years and thats even with its recent pullback and consolidation to its long term trend........huh? WTF?

      Delete
  8. GORO weekly

    http://stockcharts.com/h-sc/ui?s=GORO&p=W&yr=6&mn=9&dy=0&id=p13824416728&a=530280400&listNum=1

    ReplyDelete
    Replies
    1. Starting in about June of last year, volume picked up significantly. It looks primed to skyrocket.

      I'm not a huge fan of miners... But this looks too good to pass up.

      Delete
    2. Kindle's buy reco on Kroger was made with conviction! they're going to eat Amazon for breakfast! lol

      Delete
  9. more big volume

    http://stockcharts.com/h-sc/ui?s=EXK&p=W&yr=3&mn=4&dy=0&id=p98927979118&a=530317557&listNum=1

    ReplyDelete
    Replies
    1. About 1 in 4 literally have no emergency savings. A survey released Tuesday by Bankrate.com found that 24% don’t have even a single dollar saved for an emergency.

      Delete
    2. Big Cup & handle?

      Let's see how Kroger does against the "Margin Killer"? https://www.thesun.co.uk/tech/3839585/will-amazon-replace-whole-foods-workers-with-robots-online-retail-giant-feared-to-be-planning-jobs-cuts-at-shop-chain/

      Ya, Tom- Ol' Claude is enough to keep one in the casino aliright!!

      Mux also looks like a massive C&H... Stifler just doesn't like charts in general?

      Delete
    3. puleeeze do NOT bring up Claude.......eeeeeeeeeeeeee.............

      Delete
  10. US Markets close in 5 hrs and 55 mins
    S&P 500
    2,445.42
    -8.04 (-0.33%)
    Dow 30
    21,513.92
    -15.07 (-0.07%)
    Nasdaq
    6,222.19
    -16.82 (-0.27%)
    Crude Oil
    42.83
    -1.37 (-3.10%)
    Gold
    1,243.60
    -3.10 (-0.25%)
    Silver
    16.40
    -0.10 (-0.62%)

    ReplyDelete
  11. Gold Resource Corp (GORO)
    NYSE MKT - Nasdaq Real Time Price. Currency in USD

    3.74. -0.13 (-3.36%)
    As of 10:05AM EDT. Market open.

    Is this the perfect time to load up on GORO??

    Have you studied this company in depth aside from the charts? I'm thinking about going long and going big.

    ReplyDelete
    Replies
    1. You're asking Stifler's mom and Judi, no doubt? BWAAAAAHAAAAAA!!!!!!!!

      Delete
  12. 1242 GL area tested....what say you MM's
    97.80 USD, needs to close above this number 5/30 candle important

    ReplyDelete
    Replies
    1. Kli, any of your wall street buddies need a research analyst...
      I'm on fire with calls...Gold did exactly what I wrote in last post....
      biotech has been on fire...

      Delete
  13. What's the next support level for gold?

    ReplyDelete
    Replies
    1. hmmmm.......anywhere they wanna take it........heheheheheheheheheh..........I play paper miner shares

      Delete
  14. BTW everyone that kid released by NK stinks to high heaven......it absolutely makes zero sense medically.....smells like really bad fish.......he died?.....BWAAAAAAAAAAAAAA....I'm callin' BS

    ReplyDelete
    Replies
    1. The whole setup is stranger than fiction. Alex Jones is quiet about it, Salon mocking him...

      https://www.reddit.com/r/lacortenews/comments/6iaeb7/flashback_salon_mocking_the_uva_student_who_has/

      Delete
    2. Indeed....

      http://www.cnn.com/2017/06/20/health/otto-warmbier-autopsy/index.html

      Delete
    3. his entire crying scene looked ridiculous and faked......He did not appear "brain damaged" in his appearance........and NO autopsy.....that's absurd in a situation like this....i think we're gonna hit NK

      Delete
    4. my ER nurses would be throwing this guy out of the ED for malingering

      Delete
    5. He travels across the globe and walks without difficulty with all motor function intact. He's not on a ventilator and doesn't appear malnourished............and he suddenly is dead......sorry gang...thats not the way it happens

      Delete
    6. He didn't walk off the plane. He was carried off. There have not been any pictures of him since N.Korea. How do you know he wasn't on a ventilator or wasn't malnourished, just asking.

      Delete
    7. Stop it already, your foching up the Official Narrative.... No Autopsy! Hehehe Yeah! Plus let's not forget the ramming of that Destroyer by that freighter that just happened to have it's lights and transponder off.... Hmmmmmmmm

      Delete
    8. You're not your! Sag Nammit.....

      Delete
    9. Pic in the article... Assuming it's accurate, that's not how you manage a patient in a coma!

      http://fumbleboard.com/2017/06/18/otto-warmbier-returns-home-from-nk-in-coma/

      Delete
  15. This comment has been removed by the author.

    ReplyDelete
    Replies
    1. Forecast now in Ga is Handel by a narrow 1.2% in a meaningless election & in a strange coincidence with Kli's last post, D. Day Lewis quits unexpectedly...

      http://variety.com/2017/film/news/daniel-day-lewis-quits-acting-oscar-winner-1202472766/

      Delete
    2. now 5.2%........this was considered by CNN to be a referendum on Trump....they were crowing about this election ruining Trump and how important it was going to be.........LOL......bet ya don't hear a word tomorrow

      Delete
    3. Well it's tomorrow and wouldn't ya know..... Crickets! Hehehe

      Delete
  16. This is what unlimited trading funds do to a man... http://nypost.com/2017/06/20/financier-found-dead-after-gay-bondage-hookup-went-bad-cops/

    ReplyDelete
    Replies
    1. interesting.....where is CS today?? I'm worried

      Delete
  17. EXK chart showing what YOU want to interpret. I interpret this as a multi month shakeout after last years bull move off a major bottom......big boyz are still in it (as usual) just look at volume

    http://stockcharts.com/h-sc/ui?s=EXK&p=W&yr=7&mn=0&dy=0&id=p56578297432&a=388151607&listNum=1

    ReplyDelete
  18. i made this EXK chart quite awhile ago at least a few months and it played out....at least so far.......
    if it breaks out of this inverse HnS then it will be a massive move from here

    http://stockcharts.com/h-sc/ui?s=EXK&p=W&yr=5&mn=4&dy=0&id=p83830217099&a=510340817&listNum=1

    ReplyDelete
    Replies
    1. You should have told us to go all in at $1 a share. 😊

      Delete
    2. Look at the volume uptick starting in April 2916. That wasn't retails.... that was hedgies and institutions.

      Delete
    3. He also talked about RIC when it was down in the cellar round a buck, that one I regretfully passed on adding more...

      Delete
  19. I guess CS didn't like that 4.2% pop on RIC....heheheheheheh

    ReplyDelete
  20. I had a fun day in the casino today.... had some KMX puts that I bought on Monday....KMX crushes earnings before market open....gaps up 8% at open. My put options are screwed to hell. I'm down $2000 at open.

    Then they grind it down all day long until it actually dips pretty deep into red territory... sold my puts for a $700 gain. I swear this casino is rigged.

    ReplyDelete
    Replies
    1. nahhh......its all good jay......its all good

      Delete
    2. ya gotta have sum fun with this stuff......its way to surreal to NOT laugh....but this is the most absurd load of crap anyone could have ever imagined..........too funny that we're still playing in this fraud of a casino

      Delete
    3. Sometimes I just need to take a few month break from the madness.....aka stock market......this stuff is comedic insanity at times. I can totally understand why you've just gone super long on physical gold/silver... it's a hellava lot less stress .... and your metals will be useful if we ever see the black swan. My dollars will make better toilet paper though. 😁

      Delete
  21. must read....even Hoffman is joining us

    http://silverseek.com/article/my-newest-most-likely-catalyze-big-one-16688

    ReplyDelete
  22. gold catchin' a bid tonite......you Fed bitchezz better get back to your bots..........

    ReplyDelete
    Replies
    1. 1,253

      It's popping.

      You called it KLI.... you said they'd take it down right after Yellen... then let it ride up... this is getting predictable.... maybe I'll play some GLD options next time Yellen leaves her nursing home..

      Delete
  23. Well, taking my cue from Kindle who's lost, bot Ethereum from this poor basstid, and pocketed 300K yesterday, lol I'm the smartest guy around, the best trader and have more unlimited trading funds now! BWAAAAAAAHAAAAAAAAAAAA!!!

    http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/06/04/stop%20loss_0.jpg

    ReplyDelete
  24. Replies
    1. heheheeheh.......well....it might be .....then again it might not be.....but then again one day (hopefully soon) the boyz will pour in and make it obvious.......I remember in Jan 2016 watching big volume moves and toning down any comments about it for fear it was a mirage......i just held tight and didn't trade out of my positions .......it was seldom commented on as many miners i held went up like rockets....finally the MSM commenters began talking about the miners in the spring......WELL AFTER 3 fold and bigger moves had already occurred..........

      Delete
    2. XAU DPO 5 week cycle varies 4 points above zero and 4 points below zero (approximate). That is 8 points or about a 10% move. Near an ICL. Gold ready for a turn up.

      Delete
    3. Turn it UP!!! https://me.me/i/1448155

      Delete
  25. GORO needs to confirm breakout above 4.10 with nice candle before move to 5 resistance area

    ReplyDelete
    Replies
    1. without volume above 4 then I have to assume a false breakout.....doesn't matter I'll be holding anyway.....well mostly holding...)

      Delete
    2. needs to get above 100sma with 20 and 50 rising to meet it...still a bit of time before its really bullish

      Delete
  26. Richmont Mines Inc. (RIC)
    NYSE - Nasdaq Real Time Price. Currency in USD

    7.85. +0.25 (+3.29%)



    Gold Resource Corp (GORO)
    NYSE MKT - Nasdaq Real Time Price. Currency in USD

    4.065+0.225 (+5.86%)
    As of 11:23AM EDT. Market open.


    Damn KLI ... your recent charts were perfecto.... you saw these puppies on the brink of skyrocketting. I'm just so timid to invest in miners after what has happened these last few years. It's not for the faint of heart. The Gods in NYC hate miners.


    ReplyDelete
    Replies
    1. Jay ......this subject has been repeatedly discussed and whether you play in the paper sham is your choice. Miners are paper and require an understanding of the danger including the absolute destruction and devastation for retailers that don't understand their risk. I let the trolls post here because they help to keep the weak leaves out of the trade which is good. The boyz will destroy you if you are faint hearted. NOT for you Jay ...stick with what you believe in.....and gl

      Delete
  27. Kli

    Do you have a GPL chart?

    ReplyDelete
    Replies
    1. change spring to summer LOL

      http://stockcharts.com/h-sc/ui?s=GPL&p=D&yr=1&mn=5&dy=0&id=p23709821328&a=505521819&listNum=1

      Delete
    2. here its updated

      http://stockcharts.com/h-sc/ui?s=GPL&p=D&yr=1&mn=5&dy=0&id=p23709821328&a=530840067&listNum=1

      Delete
    3. That handle got a little too long for my taste... :-)

      Delete
    4. aint that the truth................almost another cup forming BWWAAAAAAAAAAA

      Delete
  28. I posted RIC first just because its trendline is so well established.....doesn't mean 100% its going to maintain it and for sure they can punch thru it near term to shake out the last bitter clingers but it is an impressive long term trend line

    ReplyDelete
  29. now this is the one thats got my attention.....it has major risk but if this inverse HnS plays out then its a ten bagger.....of course thats IF IF IF......for most of you STAY AWAY

    http://stockcharts.com/h-sc/ui?s=EXK&p=W&yr=5&mn=4&dy=0&id=p83830217099&a=530843013&listNum=1

    ReplyDelete
  30. goro replay also interesting but wow watta beatdown its taken but it may have set a long term trendline....MAY have

    http://stockcharts.com/h-sc/ui?s=GORO&p=W&yr=3&mn=9&dy=0&id=p51044836581&a=529995373&listNum=1

    ReplyDelete
    Replies
    1. The weeklie looks like a mountain climb. :)

      Delete
    2. Ever notice how those solid red candles look so much more imposing/dramatic than those open black ones? - or is it just me, lol

      Delete
    3. SS: I'm the exact same way. The solid red candles immediately catch my attention before anything else :)

      Delete
  31. here is what a chart looks like from THE number ONE tech stock to own in 2000 "put it away and don't look at it" "you can't go wrong"

    http://stockcharts.com/h-sc/ui?s=CSCO&p=M&yr=19&mn=0&dy=0&id=p77542159574&a=530846501&listNum=1

    ReplyDelete
  32. Great Panther Silver

    At the closing bell on Thursday, Vancouver, Canada headquartered Great Panther Silver Ltd's stock dropped 4.17%, finishing at $1.15. A total volume of 2.14 million shares was traded, which was above their three months average volume of 1.50 million shares. The Company's shares are trading 11.66% below their 50-day moving average. Additionally, shares of Great Panther Silver, which engages in the mining of mineral properties in Mexico, have an RSI of 40.32.

    On June 01(st) , 2017, Great Panther Silver announced that it has successfully completed the commissioning phase of the refurbished processing plant at its Topia Mine in Durango. The plant, including the new handling facilities for dry stack tailings, is now operating at planned capacity. Get free access to your research report on GPL at:

    http://dailystocktracker.com/registration/?symbol=GPL

    ReplyDelete
    Replies
    1. Yeah GPL, Woo Hoo, my ass hurts!

      Delete
    2. ... because nothing says "Dump those shares!!" like bring new revenue generating lines into capacity production... lol

      Delete
  33. Replies
    1. I really like that XAU cycle chart ...Please post that more often

      Delete
    2. updated post showing short term trades on $xau

      Delete
  34. The Price of Silver in 1979.
    The price of silver is lower today than it was in December 1979. The United States is engaged in geopolitical disputes with Russia and Iran today as in 1979.

    https://smaulgld.com/price-silver-1979/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

    ReplyDelete

  35. Gold
    1,257.00
    +7.60 (+0.61%)


    Silver
    16.67
    +0.16 (+0.98%)

    KLI was right on the money with the Fed.....they trounce gold price right after Fed... scare away the retails....take out stop orders.... then let it run.


    ReplyDelete
  36. Well, I wouldn't call it running, but with the USD weakness today, it could be "a" or (dare we say it?) "the TURN"... We need a Stifler/Kindle who's lost outburst(s) to confirm it. Otherwise its just more oscillation.

    ReplyDelete
  37. Richmont Mines Inc. (RIC)
    7.97. +0.17 (+2.24%)


    Gold Resource Corp (GORO)
    4.12 +0.13 (+3.26%)

    If only I had gone in when KLIs charts showed a breakout.

    ReplyDelete
    Replies
    1. EXK +4.28%, MUX +3.37%, SSRI +2.5% all good, but as always need that follow through with volume.

      Delete
    2. https://m.youtube.com/watch?v=nauLgZISozs

      Hehehe, Can't say I haven't held the same thought some days!

      Delete
    3. Or a window into the manipulators' plan, lol...

      EXK blew back through the 50d MA, our friend SSRI pierced as well. Arizona mining WLDVF has looked really good of recent, too.

      Delete
  38. Jay....my charts do not show a breakout....they only show a CONtrolled march by the boyz.....when I see key resistances (plural) on miner indexes and individual miners I will announce it.....of course by that time you will have missed a double from current prices but for "real" traders that's what they will do.....then you will get CONfirmation on price and volume as the rest of the crowd jumps in....the purpose of the initial bull is to KEEP AS MANY PARTICIPANTS as possible on the sidelines as they take it up......ONLY after the move becomes obvious do they rip it apart and drag in the suckers to off load their shares and then short it to hell like they did last year in the late summer into this January.....I think they're back in long now but there is ZERO CONfirmation right now. ONLY circumstantial evidence......large volume continues from last years initial bull move is a hint. not a breakout yet.

    ReplyDelete
    Replies
    1. BTW Jay I have repeatedly told you how I play this.

      Delete
  39. what I am saying jay is that retail/hedgees will NOT be the beneficiaries of the next move up in the miners....they are very low in sentiment now and will remain so during much of the move. the new leaves that jumped on last years leg up in the spring and summer are now destroyed in their confidence. Retail will have nothing to do with the next move up until you see the sentiment change to ultra bullish.....then get out

    ReplyDelete
  40. Every chart you've posted in the last week shows trendlines with major aupport. How can you say they aren't about to breakout? I'll put my money where my mouth is....

    I'll buy RIC and GORO on Monday.

    ReplyDelete
    Replies
    1. "about to breakout"......a little more accurate and that is based upon a calculated projection......"a breakout" will be noted only after the fact and is what "professional" traders look at as a "safe" entry.

      Delete
    2. If I see a pair of fine Italian shoes at 75% discount then I consider it a buy......but I have friends that will NEVER buy those same shoes at a discount...preferring to only buy them at their full price

      Delete
    3. let them consolidate a little more....GORO has more upside if it can jump over the 100sma, it will have 2 support layers making it harder to push down..4.22 is first step as it could hit resistance there..needs to jump it...

      Delete
  41. Why are you discouraging me from buying miners when your charts look so primed for a pop upward?? For the first time since I've been reading this blog, I'm actually serious about buying miners and your are telling me to cut and run. I don't get it.

    ReplyDelete
    Replies
    1. LOL.....not telling you to not buy.....but ask yourself why you weren't in the miners in December of 2015....what happens to your plays if they push them down hard for three more months.....just telling you this is a sector that has been controlled for a very important reason and the PTB will eventually take it up.....maybe now but of course maybe not.....You go for it but know the risk and the reasons you are in it.

      Delete
    2. Yeah why didn't you ride the elevator to Hell & Back? Hahahahahahahaha

      And No I wouldn't by I-talian Shoes even a 90% discount.... Hehehe

      Delete