Saturday, July 15, 2017

STAGFLATION!

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 know.....like 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.












81 comments:

  1. GDX weekly
    http://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=4&mn=6&dy=5&id=p97761615434&a=534611265&listNum=1

    ReplyDelete
  2. It is all Good. Restaurants are saved, today I ate out (first time in several weeks). Hehehehe - it is all GOOD

    ReplyDelete
  3. Equity values exceed bond values for the first time since just before the 2008=2009 market crash according to Bloomberg. Does this mean equities are over priced?

    ReplyDelete
  4. Equities could be overpriced?????????? Egads, man!! Why didn't someone say something? lol

    ReplyDelete
  5. KLI: what's in store for gold and S&P 500 this week? All CNBC crowd are bullish. They keep trumpeting bullish guest after bullish guest.

    They are saying no more rate hikes this year!

    ReplyDelete
    Replies
    1. They can CONtinue the Con with jawboning Jay....this is all managed. In august 2015 China collapsed and tried to extricate itself from the Cabal and instead had their market attacked with sellers. It publicly took over the market (just as we did) and then proceeded to buy their own securities and freeze the rest of the market. Its out in the open but we CONtinue to talk about the Chinese stock market like its an actual market. We do the same here and just like china its not even close to a market. As far as its near term direction, you have to be careful. They need some air out of it to bring in some shorts to butcher . I wouldn't be long indexes near term but longer term, I really think they can push this out till the end of the year and even through next spring. but i wont bet MY money on it. Like Fleckenstein I just wouldn't short it.

      Delete
    2. gold trying to climb up but a little more short covering by commercials appears to be in order so whatever daily upside cycle we get during these next two weeks may be met with the completion of the intermediate cycle low as the commercials finish their short covering. doesn't matter to me since I am not leveraged

      Delete
  6. Inlet's got a new swing trade cycle chart that looks pretty suggestive.

    Can the cycle trend out-muscle the PPT? That's the question...

    ReplyDelete
  7. McCain- biopsy of brain metastasis from his previous melanoma?

    https://www.nytimes.com/2017/07/16/health/john-mccain-blood-clot-recovery.html

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

    7.85. +0.15 (+1.95%)

    ReplyDelete
  9. Gold

    1,235.00

    Looks like gold hit bottom last week?

    ReplyDelete
    Replies
    1. Ya, Judi called it EXACTLY......... WRONG!!!!!!!!!
      BWAAAAAAAAAAAHAAAAAAAAAAAAAA!!!!!!!!

      Judi LachenmanJuly 7, 2017 at 1:57 PM

      Silver and Gold is going to keep dropping for now..Unless N. Korea does something crazy. JMO

      Delete
    2. he's gone........til the next beatdown then he'll crow how sage his wisdom is and how he has plenty of blah blah blah and how dumb everyone else is blah blah blah.......watta douche

      Delete
  10. By the way KLI, how is the Chinese market manipulation any different from ours? We have 1) circuit breakers. 2). PPT and when those two fail, 3). simply ask the taxpayers for trillion dollar bailouts and they comply without batting an eyelash.

    Not to mention, we have a federal reserve that takes its orders directly from Wall Street.


    ReplyDelete
    Replies
    1. They had to PUBLICLY announce they were closing down trading and selling in 90% of the equities.....hehehhehehe.........They announced that "sellers" were attacking their markets. You are right in that we covertly manipulate much of our market such as loaning cheap money to corporations and letting them buy back their own shares. Its all organized with a wink and a nod. They surreptitiously arranged for "long" market players to join the "algo" set by them and ride the market up "with the club". ....OR join the "short algo" in commods and especially precious metals. Keeping these trades crushed has allowed the money printing with no paper check like a "normal" market. So here is the pearl..........because of this i insanity there just might be very little warning when the plug is pulled. Therefore normal technical warnings such as breadth/momentum/ volume etc just might not occur

      Delete
    2. Why would they pull the plug? They are making mountains of money in our nations captial, NYC. Why would they want to end the party when us slaves are so well behaved?

      Delete
  11. SSRI weekly

    http://stockcharts.com/h-sc/ui?s=SSRI&p=W&yr=3&mn=6&dy=0&id=p32094639883&a=534828117&listNum=1

    ReplyDelete
  12. GDX

    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=5&dy=0&id=p88814800790&a=534828952&listNum=1

    ReplyDelete
  13. Just in case you believe the "internet" cannot be completely CONtrolled by the state then see what happened to this news ......we will NOT have a "free cryptocurrency".....we will NOT have alt media such as Breitbart Jones and Drudge.......it will ALL disappear but you will have "free" internet governed by the state.

    https://www.youtube.com/watch?v=ti5AaXhKgGs

    ReplyDelete
  14. RIC weekly.... Do you understand this chart Judi....that's why we do charts

    http://stockcharts.com/h-sc/ui?s=RIC&p=W&yr=5&mn=9&dy=0&id=p78854298770&a=532036232&listNum=1

    ReplyDelete
  15. EXK basing? hehehhehe

    http://stockcharts.com/h-sc/ui?s=EXK&p=W&yr=3&mn=4&dy=0&id=p24514662262&a=534843900&listNum=1

    ReplyDelete
  16. funny......GDX

    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=0&dy=0&id=p63187072007&a=534912775&listNum=1

    ReplyDelete
    Replies
    1. Ha. That's a great one KLI.... looks like a mountain range.

      Whatta game.

      Delete
  17. Just when you think you see a tradable pattern... max pain!

    ReplyDelete
    Replies
    1. Maximum pain could be a breakout "up" ....or....drumroll please a break "down".....I maintain IF it breaks down then it will flush the final clingers and end my pain prolly around late august......which is just fine for me.....on the other hand the intermediate cycle bottom may already be in and maximum pain are for "those' waiting for THE bottom in August......as Red likes to say they will whipsaw you silly and just when you think you have them ........whooooops

      Delete
    2. KLI... it seems Yellen is done with her rate hikes. What does that do to the price of gold?

      Delete
    3. meaningless Jay.....first of all the "rate hikes" are what BEGAN the December 2015 monster rally in the miners....Look at what the last hike did...this is all for CONfidence and whatever happens with gold and miners depends upon other factors. Again....rate hikes are "noise".....

      Delete
  18. HUI pattern

    http://stockcharts.com/h-sc/ui?s=%24HUI&p=W&yr=5&mn=0&dy=0&id=p18750769502&a=534925530&listNum=1

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

    8.15. +0.20 (+2.52%)


    It's a beast! Went from $7 to $8.15 in a few days.

    ReplyDelete
  20. Once you choose hope anything will be possible.

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    Call :+1(832) 263-7128, +1(832) 730-7296.
    Contact: dr.gurilarico@priest.com
    He is always ready to help for free.

    ReplyDelete
    Replies
    1. Dear Dr. GURILARICO GURU THE GREAT,

      Can you please explain why RIC continues to go up every single day of trading?


      Richmont Mines Inc. (RIC)

      8.30 +0.35 (+4.40%)


      KLI: Your chart was right on the money.

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

    ReplyDelete
  22. Game on Jay........should get another week or two of upside before pullback.......IF we get another pullback then you roll up your sleeves and play the paper ponzi full tilt........there may be one helluva run before the year plays out but trading it will make you miss most of the move if you get too far out of position.......gl

    ReplyDelete
  23. GORO daily

    https://stockcharts.com/h-sc/ui?s=GORO&p=D&yr=0&mn=9&dy=0&id=p42880442391&a=474727477&listNum=1

    ReplyDelete
  24. RIC.....the Judi bottom

    http://stockcharts.com/h-sc/ui?s=RIC&p=D&yr=0&mn=9&dy=0&id=p15774764043&a=535109165&listNum=1

    ReplyDelete
  25. Judi's bottom looks a little narrow. It's not really that easy to be that. precisely. wrong.

    ReplyDelete
    Replies
    1. its pretty clear its a bottom........I like judi's butt

      Delete
    2. https://youtu.be/reTx5sqvVJ4

      Delete
  26. Is anyone here trading Bitcoin? It was +$400 today and is now almost worth twice as much as gold!

    ReplyDelete
    Replies
    1. Looking at XRP as a spec gamble. Aug 1 & Nov 15 are potential inflection points for BTC, the "fork" & the segwit proposal expiration.

      Delete
    2. welcome to trade it ......its your fiat.......wouldn't touch it 3 years ago and wont touch it now......its the ultimate tulip mania.....its a digital fiat wet dream. someone's makin' a shit pile trading it but as far as a "store of value" ....good luck with that

      Delete
    3. "He constantly kindles himself" promised a dip to buy, dry powder is burning a hole. If we don't get a buying opp, I might get some XRP... or buy some EXK

      Delete
    4. There's a video somewhere on YouTube of a reporter that tried to live off Bitcoin for a week. She paid on average 40% more than if she had used cash.

      So be warned, the very second you convert your dollars to BTC, you've lost 40% of purchasing power in the real world.

      Delete
    5. Not a currency or store of value, just a casino game to bet on and cash out, hopefully generating a little profit to plow into a real asset...

      Delete
    6. Only meant to trade for spec on very short term basis due to volatility. No holding, not even for a few weeks.

      Delete
  27. Arizona Mining heading for a double in ~a month... Woo hooooooo!!

    ReplyDelete
    Replies
    1. good spot to take a little profit...

      Delete
    2. Are you going to sell your RIC shares?

      Richmont Mines Inc. (RIC)

      8.40 +0.10 (+1.20%)

      Delete
    3. took off sum profit but holding 80% of shares

      Delete
    4. No completely different company/situation. I'm a lightweight in RIC, sadly.

      Delete
    5. I also have heavier positions in other miners......also sadly

      Delete
    6. Not selling RIC. Also liking EXK, will look at Arizona.

      Delete
  28. Its the same bs different day on this blog. Gold mining stocks still suck and the overall market is going to the moon. How is that amazon short working out kli? how about the neflix short? When will the entire system collapse doomer? how much money have you people lost on kli's advice in the last year ? Its like a broken record playing over and over again.

    ReplyDelete
    Replies
    1. Here's your advice at the VERY bottom of the miners.....You are truly genius

      AnonymousDecember 15, 2015 at 10:40 PM
      Kliguy, wassup fool! Still pumping the doom and gloom garbage I see. Between your drivel and all that religious bullchit from that senile imbecile Inlet, you got quite an enterprise going here. Oh, can't forget about ZH quote machine Tom, didn't mean to leave that putz out. Hehehehehe....

      You know Kli, I gotta put you at the bottom of the barrel when it comes to forecasts and predictions, just behind broken clocks and blind squirrels. It's simply amazing how someone can be so wrong, on so many levels, for so long.

      Kliguy, you and your posse are so dumb, if you get locked in a grocery store, you would starve to death!

      Hehehehehe......

      Buy MOAR gold and miners, guaranteed prosperity! Hehehehehe......

      Delete
    2. THanks for your advice CS..........BTW ...that run was truly amazing during the next 6 months.....heheheheheehehe

      Delete
  29. There's our confirmation- the "Stifler Corroboration" BWAAAAAAAAAHAAAAAAAAA!! Here we go...... Thanks, Mumma for giving him his ipad back. Heat him a Hotpocket, won't you?

    ReplyDelete
  30. still no evidence we're outta the woods on a miner pullback in the next few weeks..........

    ReplyDelete
  31. John McGain...deep state warrior....traitor to his country....neocon wet dream drone.....responsible for the murder of millions of innocents in the Middle East.....responsible for the assassination of dozens maybe hundreds of Americans.....responsible for the torture of prisoners.......This deep state hero has brain cancer......Eventually we all will face nature.....

    ReplyDelete
  32. here's another great CS call at THE bottom of the miners....missed 10 baggers and 5 baggers hehehehhe

    AnonymousDecember 15, 2015 at 1:44 PM
    Tom, there are plenty of miners trading < $1. According to Kli, they are about to go to da moooon! Buy miners and make a killing!

    Watta putz!

    Hehehehehe......

    ReplyDelete
    Replies
    1. Hahahaha I remember that conversation and that <$1 miner we were talking about is a +/- $10 hehehe Matter fact I own two of them....

      Bahwaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!!

      Delete
    2. did you really have to go there.......WAAAAAAAAAAAAAAAa

      Delete
  33. Here's probably one of the Greatest all time calls made by a legend.....the GREAT CS/Buttfox gives you the straight dope here....right at THE BOTTOM

    AnonymousDecember 24, 2015 at 1:15 AM
    Jay, I've had a good deal of success watching trends and playing them accordingly. I also never go for "jackpots", but small trades that add up over the year. It's amazing when you make anywhere from $500-2000 in a trade, seems like small potatoes, but if you have 20-30 of them in a given year, you're talking about some serious $$. For instance, 3 weeks ago, I bought some Smith & Wesson before earnings, pure speculation based on all the gun control talk and the company announced solid numbers and I made a cool $1700 profit for 2 days work, not bad.

    You are very smart by staying off gold and miners, the trend is down. And no, that's not what "they" want you think Jay, miners are garbage, have been for 4+ years, and there will be no "rotation" into miners. Kli is dead wrong on this. I'm not happy per se when he's wrong, I'm just astounded how keeps double and tripling down all the way to zero. It's a combination of sheer lunacy and being stubborn and not admitting getting on the wrong side of the trade. The amount of opportunity cost lost on miners and gold over the past 5 years compared to the performance of the stock market is immeasurable and cannot be recovered ever again. Only a total fool like Kli fails to see that.

    That's right Jay, along with other commodities, gold will be hit hard in 2016 and beyond and most of Kli's miners will go bankrupt as the price of gold falls below production costs, very simple. In the short term, next 2-3 weeks, I see gold heading to the 1020-1030 area, and if you want to make some quick $$, take a look at DGLD, the 3x inverse ETF. I bought some yesterday and today, will add more if there's any suckers rally in gold.

    One of the best plays of 2016 will be shorting gold and DGLD is my preference, but there are other options, please do your own DD. And remember, these are not buy and hold plays, quick trades of 1-2 weeks, sometimes less.

    ReplyDelete
    Replies
    1. "please do your own DD"..... TOOFKNFUNNY CS.......hehehehhehehehehheheeh your own DD???? hehehehehe

      Delete
    2. VERY well written too...CS.....couched in wisdom that only a seasoned investor such as yourself could exude.......congrats....hehehehhehehehe

      Delete
  34. My all. time. favorite. That's right Jay... BWAAAAHAAAAAAAAAAA!!!!!!

    ...these are not buy and hold plays, quick trades of 1-2 weeks, sometimes less.

    Why get stopped out once, when you can lose a lot moar of those unlimited trading funds a lot faster!!

    Oh, my sides hurt...

    ReplyDelete
    Replies
    1. I snorted my coffee through my nose reading that chit again this morning.....You can't make anything that stupid up its soooo stupid......BWAAAAAAAAAAAAAAAAAAAAAAAAAAAA

      Delete
  35. Lest there be any CONfusion on my stance on cryptocurrencies......THEY are to be VERY carefully played and played as PURE speculation. They will be destroyed by the bankers at some point and I believe they are another derivative to take away from gold and silver.

    ReplyDelete
  36. GORO daily

    http://stockcharts.com/h-sc/ui?s=GORO&p=D&yr=0&mn=9&dy=0&id=p42880442391&a=474727477&listNum=1

    ReplyDelete
  37. Here is my stance on crypto currency.... it's all fun til a hacker gets in and cleans out your account.

    ReplyDelete
    Replies
    1. Duuuuuuuhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh......

      Delete
    2. "the hacker" ya gotta wurry bout is the ultimate hacker....."it'll be legal"

      Delete
  38. The trend remains our friend still, for now... Judi & Hotpockets are stopped out again by now.

    BWWWAAAAAAAAAAAAHAAAAAAAAA!!!!!

    ReplyDelete
  39. Bahwaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!!!

    "That's right Jay, along with other commodities, gold will be hit hard in 2016 and beyond and most of Kli's miners will go bankrupt as the price of gold falls below production costs, very simple. In the short term, next 2-3 weeks, I see gold heading to the 1020-1030 area, and if you want to make some quick $$, take a look at DGLD, the 3x inverse ETF. I bought some yesterday and today, will add more if there's any suckers rally in gold."

    ReplyDelete
    Replies
    1. hope the poor child didn't add "too much" to DGLD........BWAAAAAAAAAAAAAAAAAAAA.....no wunder CS is so angry

      Delete
  40. I wonder what the Boy's & Girls have to say about this....

    http://www.zerohedge.com/news/2017-07-21/golds-seasonality-time-get-positioned-ahead-strongest-months

    ReplyDelete
    Replies
    1. you have me worried now bout Skippy/CS/buttfox.........I just hope he doesn't keep buying MOAR DGLD.....surely he won't do that again....I mean NO ONE wants sum one to get greased like that

      Delete
  41. Here's the bottom line.....We had a massive move last year in the miners and this was NOT retail driven ....we had a very normal correction after such a massive move as profit was taken and the miners shorted.....all normal.......we have a much higher base on the miners still compared to 2015 bottom. We have frightened retail that finally jumped in on the trade last year only to be slaughtered. We have an accumulation pattern playing out. We have horrific sentiment again. We have driven out the speculative weak leaves. Maybe another punch down through support in the next few weeks......ON THE OTHER HAND....you should already be doing what the boyz are doing......

    ReplyDelete
  42. read this carefully

    http://news.goldseek.com/GoldSeek/1500787168.php

    ReplyDelete