Sunday, August 20, 2017

THE BULL IS ABOUT TO GORE

Funny how depressed all of the traders are in the metal's trade. You would think the massive move in the miners off the 2015 bottom would have left the holders of these shares in a better mood, but sentiment has been destroyed. Maybe worse than the 2015 December bottom, and I thought that would be impossible to worsen. If you had bought and held in December of 2015, you would still be up a double or triple maybe more, depending on which miners you held. 


Lior Gantz Warns Against Looking Into September and Says “IT’S STARTING NOW”



Mnuchin Visits Fort Knox, Says "Gold Is Safe"


Of course the better course of action would have been to sell after you had a 7,8 or 10 bagger last year. Of course most of us didn't take that course of action. What's more problematic is that many retail jumped on the miner trade after it was obvious it was well into its new bull market and have been crushed by the pull back. That is how a key sector bull market works. It does not want anyone on the trade that doesn't "belong" on the trade. They have NO intention of letting the dogs get a bone on this sector. It will be a cold day in hell before the give you a CRUMB off of this table. 




I'll stick with my pathetic strategy of staying long in this sector and will take everything the boyz throw at it, but I'll take my chances compared to owning the ponzi pump stocks like Uber, Netflix, and Amazon. I also think the digital currencies will have a future but right now I smell a lot of pain for this tulip trade so beware.

Just remember how quietly and how powerful the initial miner move was in 2016. It wasn't until well into the move, that you really started hearing noise on the miners. Stay tuned. If you have to play paper, you're early in this bull move, so enjoy.







84 comments:

  1. Gore (Al and his global warming) are total BULL!!! It is all good. BaaaaaWaaaa

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  2. Can someone explain how it is that our ultra-sophisticated Navy destroyers are being sequentially rammed by cargo and tanker ships, killing our sailors at many times the rate of the "death-by-Nazis" and no one notices or protests????

    ReplyDelete
    Replies
    1. http://www.veteranstoday.com/2014/11/13/aegis-fail-in-black-sea-ruskies-burn-down-uss-donald-duck/

      Delete
  3. RON PAUL: 50% stock market plunge 'conceivable'...

    https://www.cnbc.com/2017/08/18/ron-paul-50-percent-stock-market-plunge-conceivable.html

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  4. This comment has been removed by the author.

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  5. KLI: I bought some Goldman Sachs today. I always feel like I'm sleeping with the devil when I buy their stock.

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    Replies
    1. That's because you are complicit as an equity owner in the company, sharing in the blood money, lol

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    2. Jay , You should have bought it a year ago.. Do you mind if I ask you're age ?

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    3. No, he should have been DD'ing Tinka- jumped 11% today. BWAAAAAAHAAAAAAAAAA!!!!!!

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    4. Even better from a year ago- a triple, lol

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    5. John/Judi/Kindle,

      Such a personal question? Hehehe

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    6. I'm going to guess he's about 30.

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    7. Hmmmmm I was think more like mid 20's but 30 it is but an emotional 30.... Hehehe

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    8. I don't think he's going to tell us..

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  6. LOL Jay......I like it....I wouldn't buy it on the basis of moral grounds lol.....but sure why not.....I'll stick with the most hated trade.....the miners......gl

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  7. these are my scenarios in metals market. the boyz in PMs like to play foch you.....right now we are overbot......overbot puts the most players on the sidelines on the miners and their metals. overbot is like a "brake" on your commitment if you are trying to trade this. this is why I will set tight very long here. i have a little cash raised if they take it down hard here to get rid of overbot condition BUT the sentiment is still rotten and that leaves me with what i think they need to do. see if they don't get a hard gap over the 1300 resistance area maybe a 20-40 dollar daily move to clear out the shorts here and drag in some bulls to eat. this will accomplish a lot. it gives them some opportunity to establish a higher level to then work off the overbot technicals by shorting it back down to a new support maybe even above 1300 but most likely they would break it hard down below that to drag in the shorts and make the new bulls puke their shares up......this is all a guess and it would have to occur within the next 10 days.

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  8. Has anyone here looked at the weekly chart on BABA? Wow!

    KLI: I have a target on Goldman of $225.50. It's just a short term play. I feel too dirty owning them long term.

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    Replies
    1. Ya, don't make it too easy for the boyz to snatch your $ with a quick stop run, lol.

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  9. chart on EXK

    http://stockcharts.com/h-sc/ui?s=EXK&p=W&yr=5&mn=4&dy=0&id=p59909273692&a=540746794&listNum=1

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  10. Jay...here's my take on GS

    http://stockcharts.com/h-sc/ui?s=GS&p=D&yr=2&mn=0&dy=0&id=p22603731162&a=540748716&listNum=1

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  11. another flying pig

    http://stockcharts.com/h-sc/ui?s=AMZN&p=D&yr=0&mn=10&dy=0&id=p66107883720&a=540802444&listNum=1

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  12. Picked up a little more Exk last week. Jay- check out EXAS from late 2016 for a wow, lol. MACD and RSI suggest room to run after basing @ 37-39.

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  14. Thanks for that EXK chart, Kli. Wouldn't touch AMZN with Stifler's account. Hehehe

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  15. NOT GUILTY! Shame on you deep state

    https://www.youtube.com/watch?v=qSayw1-ydcI

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    Replies
    1. 40 charges? That seems a bit excessive to me.

      I've visited rural Nevada on several occasions. There is plenty of federal land available for grazing. I'm talking hundreds of square miles without a human to be seen.

      I'm not sure why this incident needed to be escalated so urgently.

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    2. payback by Harry Reid and the BLM for two years ago

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    3. Foch Harry "One Eye" Reid.... Good for them!

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  16. I sold the GS... it was green for about 5 seconds today....my limit order kicked in.

    KLI's chart scared me. His chart was warning of 215.... no thanks... here are better bets in this casino.

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  17. Just looked at your EXK chart....it looks primed for a run. I might nibble on some shares today.

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  18. Bloomberg pumping gold today....must be a knockdown coming soon.......BWAAAAAAAAAAAAAAAA

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  19. the Mnuchin visit to Fort Knox tells you EVERYTHING ........we will face the reaper for our lies

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  20. Replies
    1. These damn miners suck don't they! Heheeee

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  21. they're setting them up technically for a fochin dump imo in the next few days.......BUT......they might just do the opposite.....hehehehhe......so I sit tight and take the pain

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  22. Pain?? If you hold long enough big things happen! PR from a % standpoint today in DMEDF. 296,576% BWAHAAAAYAAASSS!!!!!! Remember that one from the Honestcreditguy/Joe team? That baby looked good right up until the fraud surfaced, lol. Still legit percentage move per Marketwatch... that's a wow! Jay!!!

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  23. http://www.thegatewaypundit.com/2017/08/ouch-antifa-member-gets-nailed-balls-phoenix-police-tear-gas-canister-video/

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  24. https://www.youtube.com/watch?v=uAkKQrIsSyE

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  25. Astounding creativity: https://streamable.com/6xf5e 1812 overture takes it hands down

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  26. KLI was right about the VIX being rigged.

    Here is a screenshot from my trading platform:

    http://i.imgur.com/oA9W4Yd.png

    Notice the non-tradable VIX red.

    While the tradable VXX and UVXY are strongly green.

    ReplyDelete
    Replies
    1. lol, Jay- VIX is tradeable, and is distinct from both ETFs that you can trade on your platform. They have different participants and and can move independently from the others, as they are they are doing there. Longterm, they will move together with minor short term deviations. Just like spot metal prices vs their futures vs their derivatives.

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    2. Hmmmm... I just double checked Scottrade. I cannot trade VIX!!!

      http://i.imgur.com/5LQO9RC.png

      However.... I am able to trade VIX options!!!

      http://i.imgur.com/n9MIUjs.png


      Learn something new every day :)

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    3. BTW.... I still think the VIX is rigged. KLI posted a link about it a few weeks ago.

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    4. Its all rigged, Jay- I agree.

      "While technically not the actual underlying, VIX futures act as if they were the underlying for VIX options—the options prices do not closely track the VIX. A big VIX spike will be underrepresented, and likewise, a big drop probably will not be closely tracked. This is a huge deal. It is very frustrating to predict the behavior of the market, and not be able to cash in on it. The only time the VIX options and VIX are guaranteed to sort-of match is on the morning of expiration—and even then they can be different by a couple of percent. The closer the VIX future and the associated VIX option are to expiration, the closer they will track the VIX. With the CBOE’s introduction of VIX weekly options there should always be options available with less than a week to expiration. The following chart from the CBOE shows the typical relationship."

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    5. stay away from these vehicles.....its to take your money....are they tradable? ANYTHING is tradable but using WHAT metric???? its all designed to make you lose

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    6. I trade my miner core but ONLY on the margin

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  27. From NOAA: 3. Devastating and life-threatening flooding is expected across the
    middle and upper Texas coast from heavy rainfall of 15 to 25 inches,
    with isolated amounts as high as 35 inches, from Friday through next
    Wednesday. Please refer to products from your local National Weather
    Service office and the NOAA Weather Prediction Center for more
    information on the flooding hazard.

    Batten down TX!!

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  28. good read on why i always say be cautious on reading all the opinions of experts on gold......

    http://www.silverdoctors.com/gold/gold-news/breaking-jim-rickards-fort-knox-gold-cover-story-just-got-blown-out-of-the-water/

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  29. Yellen is speaking today. Any predictions?

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  30. My prediction: She will speak out of both sides of her mouth.

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  31. I predict more of the same, blah, blah, blah.....

    http://www.zerohedge.com/news/2017-08-25/paradox-sp-all-time-highs-us-stocks-suffer-longest-streak-outflows-13-years

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    Replies
    1. Metals jump for a quick short scalp then hammered with volume just now- same old, same old

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    2. Richmont Mines Inc. (RIC)

      8.07 +0.07 (+0.94%)

      Gold

      1,294.30
      +2.30 (+0.18%)

      Silver

      17.03
      +0.07 (+0.42%)

      Delete
  32. she will say the sky is blue and the economy is strong but not that strong and we will CONtinue to raise rates but not toooo fast and we'll reduce the balance sheet but not toooo much.........all is good little Jays all is good

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  33. i still think they use today to dump miners one last time but its just a tiny trade i've set up to play it.....dump um bitches....dare ya

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    Replies
    1. BTC 4,444 BWAAAAAHAAAAAAAAAAA!!!!

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    2. wouldn't that spec have been sweeeeet.....no way i touch that tulip though

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  34. back to Mnuchin's trip to fort knox.....that circus move was BIZARRRRRRO.....but more importantly it tells you just how important gold is to this whole fraud that's going on now. WHO KNWOS if there is gold there. Overwhelming common sense tells you if they don't drag cameras down there in this day and age and SHOW YOU THE GOLD and of course publicly assay it then there is PROBABLY NO GOLD. but to have Mnuchin make this ridiculous fluff show CONfirms to me there is no gold and there is something potentially out there about to happen they are extremely worried about. For instance maybe china is nearing a public display/announcement of the gold reserves which would challenge us to do the same......In other words there's a problem or he wouldn't have pulled that bush league stunt

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  35. morning dump on gold now erased........hmmmmmmmmm

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  36. We should audit the Fed immediately. We should know how much gold they have down to the gram.

    We should also make the Fed 100% transparent. Put their books online and update them in real time.

    But it'll never happen. The Fed has been all about secrecy since day one. And quite honestly, I think the Fed chairman/chairwoman has more economic power than our three branches of government. I don't think our founding fathers would be happy with the current situation.

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    Replies
    1. Oh come on Jay.....I like bein' owned.....everyday I wake up and get to look up at chemtrails and read about the next country we're sanctioning or invading .....I like it

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    2. Isn't it a beautiful show! It's lovely.... Hehehe

      Markets Up, UE Is down, Everyone's a Nazi, it's,

      Alllllllllllllllllllllllllllllllll Good!

      Except if you live on the Gulf side of Texas, don't envy those poor bastard's, Sandy wasn't even a Hurricane and living thru that was a foching nightmare...

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    3. u guys are pussies up there in NY.....may make it up to essex in october but no NYC until next year......if its still there

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  37. miners catching a bid......hmmmmmmm.....maybe

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  38. Zerohedge has an interesting post on the strange Mnuchin Fort Knox trip...

    http://www.zerohedge.com/news/2017-08-25/mnuchin-and-wife-cleared-eclipsegate-viewed-eclipse-fort-knox-not-government-plane

    I wonder why he needed to see the gold with his own eyes?

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    Replies
    1. LOL he never saw any gold...........other than the gold on his wife's gold digging hand

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    2. Ya- she thought she was gonna get a selfie rolling around on top of all that bullion to share with her card club. Instead prolly got a bad tungsten burn...

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    3. C'Mon he said it was there, it's there, why would he like?

      Bahwaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!

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    4. Ya- she thought she was gonna get a selfie rolling around on top of all that bullion to share with her card club. Instead prolly got a bad tungsten burn...

      LOL!!!!!!!

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  39. A million ounces - Kli, was that you? So he was making sure they could fill your order. Boooyah!!!!

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  40. miners still marking time.....low volume

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    Replies
    1. but they wanna go higher........thats the take

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  41. Gold Is Shaken by a Mysterious 2 Million-Ounce Trade
    Bloomberg2 hours ago
    After weeks of relative slumber, gold traders were rudely awoken to a surge in volume and volatility. In a span of one minute, 21,256 gold futures contracts, equal to more than ...

    Ooooops, my bad - 2 million ounces Hehehehehe

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  42. Gold
    1,297.10
    +5.10 (+0.39%)

    2,000,000 x $1297 = $2,594,000,000

    Who the heck puts in an order like that?

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    Replies
    1. LOL .....its all an illusion.....and it all ends.....its all good....until they flip the switch

      Delete
  43. jeff berwicks funny take on fort cocks gold

    https://www.sgtreport.com/articles/2017/8/25/conspiracy-theorists-can-relax-steve-mnuchin-peers-through-ft-knox-window-and-confirms-gold-is-still-there

    ReplyDelete