Saturday, July 29, 2017


Before any great storm is the "calm".  You're standing on your porch and an eery quiet will envelop your horizon. The gentle, swaying, movement of the trees diminishes along with the din of the birds and the insects anticipating  the approaching danger. Nature provides a "warning" system to give the animal life time to take refuge. The animals have their own radar. Instead of wailing sirens, they use other changes around them such as barometric pressure and smell as an alert. Animals sense this. The "quiet" is not really a "quiet" or a "peace".....instead it is the "warning".

Trump Tweets Dow 22,000 Today: Embraces Big, Fat, Ugly Bubble

Its okay if you don't feel the coming storm. Its okay if you don't listen to the sirens like Dalio, Druckenmiller, Gross, and other prescient voices. After all, how can it really be that bad? You've had many of these voices for years now predicting a collapse. I remember like yesterday posting the Kress Cycle and its warning signs for collapse in 2015. What happened? The "market" indexes just went higher. I love how they tried to "engineer" a 10-20% correction in 2015 and couldn't even allow that painted "normalcy". Their "catch 22" is the "illusion" of a normal functioning market is no longer even possible. The algo designed movement cannot function if the downside begins to move derivative currents into a tsunami.

Peter Schiff On Trump 'Owning The Stock Market Bubble': "The Fed Now Has Their Fall Guy" bet they do!

Its become so "calm" that crypto currencies are now showing up as a large warning cloud on the horizon. Can you imagine just how insane this is? First of all do you think for one minute if crypto currencies were a real threat to the "dollar" that the PTB would allow them to exist. They can flatten these digital air bullshit ponzi puffs in a nanosecond. They're using them to deflect "dollars" from physical gold and silver. What's more amazing to me is that stackers like Weir, V, Hoffman and others are touting this fraud. Even the sharper minds are susceptible to the boyz. Does it make any difference in the long run? Nope....but it does put some brakes on the physical consumption of metals. 

In a less liquid world, the crash in oil prices would have resulted in a bankruptcy bloodbath. In a less liquid world, the bursting of the housing bubble would have led to millions of foreclosed homes clearing at fire sale prices. In a less liquid world, highly leveraged firms would have been rendered insolvent and incapable of covering their interest costs.

In short, a less liquid world would be smaller, for a time. But when the time came to allow nature to take its course, central bankers could not bear the pain, nor muster the discipline, to allow creative destruction to cull the weakest from the herd. Their policies have forced us to pay a dear price to maintain a population of inefficient operators.

I have zero problem using the crypto currencies as a "speculative" tool or as a means of transferring your dollars or wealth. Especially cross border transfers. BUT this is to be done with GREAT CAUTION. Imagine selling your house and taking the 300K and buying Bitcoin a few weeks ago and then travel overseas to convert it to cash to buy gold and discover bitcoin crashed from 2900 down to 2000. Then panicking and converting immediately to close your gold buy fearing further fall. You just  lost a shit pile. This is not even my biggest complaint. My biggest complaint is the talk that its a buy and hold store of wealth. You've got to be kidding me. This is the ultimate NOTHING BURGER! Could Bitcoin be worth 10K next year? Sure.....but it could be worth ZERO too. You might not be allowed through fiat law to even access it without penalty of a ten year prison sentence.

Dow Gains 600 Points In 9 Days; S&P, Bonds, Gold & Dollar Unchanged

War Is Right Around The Corner: Russia Mobilizes Three Motorized Rifle Division “Strike Forces” In Preparation For Rapid Offensive Assault On Ukraine

We're hearing crickets in the summer. The deflated stackers are now selling their silver back to the dealers. The retail PM miner trade is finished. The fear of a global storm is no longer an issue. Trump is elected and the wicked witch is dead. Look out your window. Do you see the storm coming? I don't. I don't hear anything. Its all good.

Sunday, July 23, 2017


You can't make this up. We have such a great economy now that our 30 year olds are now buying 500 square foot homes. Better yet, many of the 30 year olds are still living with their parents. They have 6 figure college tuition debt. They are postponing marriage. Many, that are marrying, are postponing children indefinitely. 

We have developed such a great recovery and economy that we have 80 thousand dollar pickups with 9 year loans. Can you imagine feeding me a "no inflation" bullshit sandwich with that 80K sticker price? Maybe you wanna take a bite out of that, but I smell something rotten there. 

The Bottom Line
The bottom line is that this massive secular bull market in gold and silver will be one for the history books before it is over, and no government or set of governments or central banks will be able to stop it.  The artificial paper price manipulation (that currently feels like it will never end) will fail just like it did for the London Gold Pool in the late 1960s.  And when it fails, the upside gains in gold and silver will be breathtaking. KWN

We May Have Already Seen The All-In Signal On Gold
It is likely that late 2015-early 2016 was the all-in gold signal. It was then that the Chinese got religion concerning their markets. KWN

I know, I know, don't be such a doomer. It's all good. Its a recovery. Get out there and take out that 9 year car loan. Buy your dream sardine can home. If you don't want to live in the sardine can, then grab up one of those McMansions that have supposedly snapped back to all time highs. Grab yourself another wad of debt with carrying costs that will drag you down for the rest of your life. Can you guess where your county government is going to go to fund their pensions and their salaries? They're gonna go for your property taxes! How else are they gonna pay those teachers their sweet salaries and pensions. Teachers used to be "underpaid". Guess what 9 months of work and a 50K salary ain't bad with a sweet retirement in this destroyed economy.

 You know....GET ENGAGED! Be a part of the Buttfox world. Go for it. The Plantation owner's have your back. You're not just a "debt slave". You're a WINNER? You're living the dream! Don't EVER FORGET, you live in a CONsumer economy. You are part of the GREATEST generation. You make your country great by buying SHIT! Like your tiny house. Like your 80K pickup. Like the great President George W. Bush said. Get out there and SHOP! Buy shit! Your country needs you!

Gold and silver and miners should take a breather this week with options expiry.

Saturday, July 15, 2017


Or you can call the headline "the curve is about to invert".  You really don't care do you? You should. Its the conundrum the Fed has boxed itself into. They keep raising the lower end of the yield curve in an effort to CONtinue the illusion "there is a recovery and we can normalize interest rates again". They keep "hoping/expecting" you to say "wowza, watta great job you did saving us from an economic crisis". Maybe they think you forgot that before and all during the "crisis"....they were telling you there was NO crisis. 

No More "Cash On The Sidelines": Private Client Cash Levels Drop To Record Low

Seriously how can you not admire a great Con. I mean get serious. You blow a "tech bubble" in 2000 with derivative leverage and then blow another housing bubble in 2008 with even bigger derivative leverage and then announce in 2009 that you're gonna fix that bubble crash with even bigger leverage. I mean that makes the original Charles Ponzi blush. This time its different though. This time the leverage scheme has the full support of the Fed right out in the open with Fed presidents appearing virtually daily telling YOU (AKA The Mark) ......That another crash in our lifetime will not happen. I love it. I absolutely love it. 

And as most you know I thought we had a problem with the math. You know.....MATH. Like if ya said we have a big phat insurance company that has actuarial tables that guarantee your life insurance policies and your retirement policies and your health care policies that DEPENDS on a yearly 7% return on their money. MATH! You how a whole f#ikin state...say like Illinois for instance can have a 50% underfunded state pension fund for all of its state employees with ZERO interest rates and CONtinue to pretend there's a mathematical solution. Maybe 2X2 = 67million.... You can get to parity quickly with that math. 

ALERT: 44-Year Market Veteran Says Retail Panic Selling Now Taking Place In Gold & Silver Markets!

Bitcoin Battered Below $2000, Ether Tumbles As August 1st Scaling Deadline Looms

US Restaurant Industry Stuck In Worst Collapse Since 2009

Who in the HELL is going to buy these massive amounts of new cars and trucks that have been manufactured at 50K a pop. We've given every fool that can fog a mirror a new vehicle and we've reached the end of the greatest fool. So now we're back dooring QE into the car companies so they can discount new trucks to the tune of 15K a truck and STILL no suckers are out there. 

We're trying to further disrupt the Middle East in Yemen, Qatar, Syria, and Iran but we can't even get Oil up a penny with each new war headline. 

Hell.....Erdogan to lead a tank division into Italy and oil would probably drop even further. ITS CALLED STAGFLATION! "THEY" have killed growth. "THEY" have pushed so much debt on the masses, that no one can buy another refrigerator unless they're in the minority that have benefitted from the ponzi.

No More "Cash On The Sidelines": Private Client Cash Levels Drop To Record Low... by Allistair Mcleod......well well how you ask...They'll print money.

World Stocks Hit Record High For 10th Consecutive Day In "No-Vol Nirvana"

So what can they do? They can bullshit us. Oh wait. The proper terminology is "to jawbone us". You know....tell us its so good that we're gonna raise rates. Just one problem. The longer end of the yield curve KEEPS DROPPING.  THERE IS NO YIELD and their will be no yield. NOT until the CONfidence in the dollar breaks. AND if that happens you are going to go to hell really fast. Oh you'll be happy that you were finally proven right. You'll say I told you it was a ponzi. BUT your way of life is going to turn to pure hell. It will be where the VELOCITY of MONEY finally begins. It will initially be Stagflation (now) that worsens. ie. higher inflation with even worse wage growth and jobs. Then it will become higher wages.....that DON'T keep up with inflation. AND then the tail chasing starts. Wages start chasing inflating essentials with shitty job growth and decaying infrastructure. Social malaise worsens and evolves into social angst and breakdown.

Government promises become an increasing crescendo of giveaways and the Fed panics and fires QE salvos into the swarm of beggars. Pretty soon it happens. Its out of CONtrol. No one could have seen it happen. Its Venezuela on steroids. Its socialism. No wait. Its Fascism. Wait....its a hybrid. Its a fascist, socialized, nightmare. Its malinvestment on steroids. And finally the piper will be paid.

Saturday, July 8, 2017


Well that was quick. It didn't take long for the cartel to fulfill my expected beatdown. One last flush was needed to rid the paper boyz out of their last shares. The smart money is still accumulating but they don't want the bitter clingers and the weak hedges on the trade. The hedges are leveraged and unable to trade the miners with that kind of volatility. Leveraged money can NOT play in this vol. Only the smart money can swim in this kind of "dark pool".  

Next logical question is whether this beatdown is "it"? Are we at maximum pain? Do you hear "BASTA"? Do you hear "FINITO"? As Jeremy Irons stated..."I don't hear a thing".  Maybe the next moves are going to be large volume "buys" in the miners or maybe the wedge will keep playing out or will they inflict more downside pain to confuse the bulls? 

"People do not want to hear it. If I have learned anything in the last ten years it is that people just do not want to hear it, even if the truth is presented factually and with transparent reason, in a fairly calm and straightforward manner.  They set up ideological strawmen and economic shibboleths like firewalls against reality and hide behind them.  This is too often driven by self-interest, but more than we might expect because it is easier than thinking for oneself and dealing with ambiguities." Jesse

Here is the game. IF the bull began again in January 2016 then you have to anticipate this kind of beatdown and for doubt to be created in your thesis. Its to rid the bull move of as many parasites as possible. They don't want you in this trade. Not only do they not want YOU in this trade, but they don't want ANYONE buying physical gold or silver. They want you to be sick and miserable if you tried to play in this sector. Physical metal is their limiting factor and they know this,  and its why we are now in a bull market in metals and miners. 

A gal of gas cost .25 in 1964
A silver quarter was worth .25 in 1964
A silver quarter would buy a gallon of gas.
A dollar bill would buy 4 gallons of gas.
Fast forward to today.
A gal of gas cost 2.25 (National Average)
A silver (1964) quarter is worth 2.81 (Melt Value)
A silver (1964) quarter still buys a gallon of gas.
A dollar bill wont even buy a 1/2 gallon of gas.
This is why we buy silver.

Please show me the 47 year hedge value of crypto currencies.

EVERY single guest on Bloomberg says the market is going to move higher here. It may not be the top yet, but at every top you hear predictions from everyone saying we are going higher. Its a "no brainer".  Buy Tesla.....its a peach!

Sunday, July 2, 2017


It's our national holiday! With 95 million working age Americans now permanently unemployed, how can it get any better? With over 200 million Americans now receiving some type of government benefit, how can it get any better? With 45 million Americans on food stamps so we don't have to see soup lines, how can it get any better? With health care costs now reaching levels never imagined, how can it get any better?

Yet somehow we are still being told we recovered. We're even being told by a diminutive elf that we will never see another economic crisis in our lifetime. 
This is what is known as "storing power". ie its the big boyz accumulating your shares.

We just passed stress tests on our biggest banks that are now even larger than they were 10 years ago when they were deemed "Too Big to Fail" and thrust our country into the biggest economic crisis since the Great Depression. We now have the same big banks now leveraged through various derivative ploys to levels that place them in a position to once again collapse in a nanosecond if CONfidence is jeopardized. And there you have it. Its CONfidence. It always has been CONfidence. And it will continue to be about CONfidence going forward. CONfidence is so tenuous in holding this ponzi together, that only the Fed  speakers are allowed to speak out publicly any longer. Note that only rarely do you even hear the Congress OR the executive branch make any minor statements regarding economic issues. The CONtrol of our economy has been completely usurped by the Central bankers. 

Hillary Is Being Sacrificed to Maintain the Secret

We no longer have a government budget. We just print money and buy our own government debt. Our deficits may be so large that if publicly known, it could cause an overnight bond collapse. So it will never be truly divulged. What extraneous event might stop the coordination of the world's central bankers? No one knows, but there are plenty of possibilities. The only thing that is certain is there is another multi asset bubble created and like all bubbles these bubbles will pop. The smart money will be positioned to achieve even greater wealth and power as the bubbles implode. 

Question: Hi Bill, I feel like it may be time to reduce my exposure to precious metals shares. Please let your readers know if you are currently cutting back on the precious metals shares, and what percentage of your full weighting of precious metals shares you intend to hold in the coming weeks. Many thanks for your good work

Answer from Fleck: As I have written, I feel the market is on the verge of a big rally, so I’m not in your camp, and thus I have no plans to cut back. In fact, I’m looking for the right setup to add some calls. However, if you feel as you do then you should act, as everyone needs to manage their own risk and psychology. You should never do something just because someone is doing it, you must make your own decisions. And obviously you will need a plan of attack should your trading decision turn out to be incorrect.”
Answer from Kliguy:  Hey dork....why not choke and puke your shares. Most retail schmucks like you sell at the bottom or buy at the top like you did last year in like Buttfox and CS you need to barf up your shares and move on with your life. Don't play in a casino where it takes balls and patience if you're gonna gamble. Of course its rigged. Its all rigged. Go with the herd like Skippy. Its always safer. 

The casualties of the next implosion will be what's left of our freedoms and our CONstitution.  Like any crisis the elite will use it to CONsolidate power. Out of chaos comes order.  

Jeff Gundlach sees trouble, says traders should raise cash ‘literally today’....(another conspiracy theorist)

I think the current president will be fed to the wolves by the power elite and will be blamed for whatever form the next collapse takes. I felt that was always the plan when I first saw him taking credit for the stock market being up in January. He doubled and tripled down on the same meme over and over every month since. Its just too obvious. He's taken ownership of the "ticker price". You live by the sword and you die by the sword. GL with that paper "ticker price" when the boyz take you longs out to the wood shed....and they will. They will rotate into beaten down asset shares and right now there are very few sectors in the market that have their shares near multi year lows.....but I know one. GL all