Saturday, July 8, 2017

WE GOT HAMMERED

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!













51 comments:

  1. GORO weekly update

    http://stockcharts.com/h-sc/ui?s=GORO&p=W&yr=3&mn=9&dy=0&id=p01893325864&a=530874383&listNum=1

    ReplyDelete
  2. Retail jobs getting hammered worse:

    60,000 Retail Jobs Lost in Past Two Months. A lot more last 6 months. That is more than the total number of miners. Mr Trump - not just miners need jobs.

    But it is all GOOD

    ReplyDelete
    Replies
    1. Auto sales tanking.......new trucks 15K rebates........its all good

      Delete
  3. in the Rogue Money vid.....listen to W.....W tells you their game

    ReplyDelete
  4. "Judi LachenmanJuly 8, 2017 at 11:08 AM

    Just remember what I said DIPSHIT. What's THE PROBLEM I thought you loved it when the price goes down..$14 ON SILVER COMING SOON."

    Well it makes sense since Judi/(Kindle who's lost) made the call and admonished all to remember what he said... metals bump green today BWAAAAAHAAAAAAAAAAAAAA!!!! and for the record, I'm not short anything, long miners & metal not worried about the Norks, either!!

    I've got a feeling we'll be seeing that call again. lol


    http://www.zerohedge.com/news/2017-07-10/last-time-hedge-funds-were-short-gold-it-rallied-18-month


    ReplyDelete
    Replies
    1. it might rank with Buttfoxes all time call at the bottom of miners in december 2015...........BWAAAAAAAAAAAAAAAA.......its Sceeeeeeeeerrry

      Delete
  5. One day does NOT make a market DIMWITS..

    Kindle He Knows.

    ReplyDelete
  6. Miners....THE MOST HATED TRADE.....watta ya wanna be in? THE most hated trade or the loaded side of the boat Kindle?........hehehehehehehehehehehehhehehehehehehehhehehehehehe

    ReplyDelete
  7. Just so you know, see if you can comprehend this..I am in miners lightly. Gold and Silver probably more than most of you Big Time heavyweights..I don't buy any of this crap for me and the truth is I couldn't give one chit where any of it goes in the next 20 years.. I know that in my kids or grandkids lives they will be happy if they listen to what I have tried to teach them..I have less than 5% in the s&p 500.. No matter what happens I have enough Ammo, Guns,and food to live the rest of my and my beautiful wife's life with the skill to use it all. And ( this time I am being honest with you.

    Kindle Himself

    ReplyDelete
  8. Ya, sounds good- what a twist, lol. Heavier into G&S than most here, eh? Enough food for the rest of your lives, too?

    You must be kindling yourself big time over there. heheheheheheheheh.

    ReplyDelete
    Replies
    1. funny how he ridicules our perspective and then turns around and says he's a major prepper and physical hoarder........watta putz

      Delete
  9. nicely done boyz.....cleared out the last of the bitter clingers.....nice

    ReplyDelete
  10. http://investmentresearchdynamics.com/illinois-on-the-brink-the-whole-country-is-on-the-brink/

    ReplyDelete
  11. Along with the rest of the world, except for Iceland and Hungary, maybe. hehehehehe

    Looks like Judi may have called the bottom! BWAAAAHAAAAAAAAAA!!!!!!!

    ReplyDelete
    Replies
    1. Judi and Buttfox/Skippy.......amazing calls

      Delete
  12. I'M IN THE AMAZING Business.. Silver going to $14s give it a little time..

    Kindle He Knows

    ReplyDelete
    Replies
    1. What's amazing is that you're still here calling markets' movements precisely 180 degrees opposite to reality. You are truly the "Gartman" of this blog. You have thick skin, I'll give you that- or the pay is good?

      Delete
    2. I'd take 14........since it was just there on the flash crash a few days ago.....can't ya get a lil lower for me please.......14 is such a chickenshit call from a troll.....at least put out 10 bucks if you're gonna make a "big call".....hehehehehehehe

      Delete
  13. Heheeee

    http://www.zerohedge.com/news/2017-07-12/yellens-dovish-turn-concerned-about-inflation-sees-not-much-room-rate-increase

    ReplyDelete
  14. oh poor lil skippy .....did u get deleted??????hehehehehehehehe

    ReplyDelete
  15. poor poor skippy......hehehehehhehe

    ReplyDelete
  16. sorry for the technical inconvenience .......all fixed now .......thanks Thom

    ReplyDelete
  17. All Right's then, Mucho's Grass-e-ass!

    ReplyDelete
    Replies
    1. I'll just give Skippy his spanking like the bad lil boy he is......heheheheheheheheeh

      https://www.youtube.com/watch?v=mPXl2ZIWt_c

      Delete
  18. Can we keep "He kindles himself" or Judi for the contrary calls? Either one is ok, neither of them get it right. BWAAAAAHAAAAAAAAA!!!!!!!!

    ReplyDelete
  19. https://www.youtube.com/watch?v=_orwyjrAnow

    ReplyDelete
  20. miners in a relatively low volume directionless day.........still no true trend change

    ReplyDelete
  21. All around- VIX futures near 11.

    ReplyDelete
  22. you think bitcoin is your "store of value"......don't bet on it

    https://www.youtube.com/watch?v=bEouLoj-L68

    ReplyDelete
    Replies
    1. This comment has been removed by the author.

      Delete
    2. Well Duhhhhh, If you don't hold it, you don't own it...

      Delete
    3. Good interview and "gambling" opp

      Delete
    4. great info in it and tells you just how shitty these vehicles can get for you......I view them as "money transfer vehicles" OR...."speculative instruments"......BIX Weir is full of shit on these as long term stores of value....TRADE ONLY is all they are

      Delete
    5. Bix is right about one thing..... THEY can run them to 10K or any value they want but it will be brutal ride

      Delete
  23. antartica

    https://www.youtube.com/watch?v=34MD7v-W2x0

    ReplyDelete
  24. It looks like we have established a daily cycle low in gold and "should" have a 3 week up move to play with

    ReplyDelete
    Replies
    1. everyone (including me) thinks we get a lower high then and a fail breakout with a final flush of the gold bugs (me) ...only I am not leveraged and you can't flush this turd.....remember I said "everyone"......which is why we may have established (possibly) and intermediate cycle low......they are sneaky ya know...BWAAAAAAAAAAAAA

      Delete
    2. That $14 silver is looking more elusive every day. Judi's ZSL is getting hot to hold...

      I've got dry powder to order averaging down if it happens, though. Might even buy some calls if it gets there. BWAAAAAAAHAAAAAAAAA!!!!!!!!!

      Delete
    3. http://www.zerohedge.com/news/2017-07-14/speculators-sour-gold-and-silver-which-means-bottom-near

      Delete
    4. don't know what they may do if they really ramp up to near 1300 but more than likely we get at least a final kick in the teeth from them......might make a nice trade but have to wait and see. RIC wurked perfect today

      Delete
  25. RIC buyers agree- BWAAAAAAAHAAAAAAAAAAAA!!! +8%

    http://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00001799&issuerType=03&projectNo=02649604&docId=4148548

    ReplyDelete
  26. https://www.wsj.com/articles/why-the-post-office-gives-amazon-special-delivery-1499987531

    ReplyDelete
  27. Richmont Mines Inc. (RIC)

    7.70 +0.60 (+8.45%)

    Why did RIC go up 8.45% ???!!!

    ReplyDelete
    Replies
    1. Resource expansion- read the press release re: the island mine

      Delete
  28. KLI: Do you have any shares of RIC?

    ReplyDelete
  29. Yes I do Jay.....a "fair" amount....hehehehhee.....

    ReplyDelete
  30. Jay just before the runup in December of 2015 I had over 67 thousand shares of RIC...it was my largest holding....still have enough but not nearly that many shares of RIC.....wish I had more today.....I have larger positions in "other" miners

    ReplyDelete
  31. chemtrail

    https://www.youtube.com/watch?v=9iv5GPHK228&feature=youtu.be

    ReplyDelete