Sunday, September 24, 2017

BITCOIN IS PURE GENIUS

As our financial world collapsed into chaos ten years ago, and our central banks went on a fiat printing orgy, most astute observers became concerned that a day of reckoning for this violation of economic law would be devastating. Many well respected investors decried this abomination of the free market while others like Dalio and Druckenmiller said buy stocks and made fortunes. Now, even the Dalios and Druckenmillers are crying foul.

 A bull market is like sex. It feels best just before it ends." - Warren Buffett





SRSrocco: Retirement Collapse Will Be Swift As Americans “Get Precious Metals Religion”



"People Are Going To Start Dying" - Puerto Rico's Battered Hospitals On Verge Of Failure ... Mad Max 


Six-Figure Pensions For University Of California Teachers Surge 60% Since 2012






Active money managers are being destroyed by this "short vix" and "long equity" trade. Managing an investment fund involves costly protection for positions and the distortions that have been created by Central banks actually buying the shares in markets directly and directly has destroyed the active money managers. In time, losing investors like Hugh Hendry will prove to be just one more part of the market being removed that will accelerate the markets eventual collapse.




Out of the smoke and fog of ten years ago came a savior for many of the downtrodden doubters of the fiat dollar regime........bitcoin. Touted as an alternative to the goldbugs that can be bought and sold with just a keystroke. It has a blockchain that cannot be penetrated by the evil bankers. It is impermeable to the central planners. In fact it is promoted as being better than gold. Even goldbugs like Bix Weir and Andy Hoffman have jumped on this crypto currency screaming about its benefits. Many holders of gold, silver and the miners are selling their shares and buying bitcoin. Its all good.

How CONvenient....just as gold and silver are finally back into a nascent recovery from their beatdown in 2012 and miners rocketed in 2016 and alarm bells were sounding a savior arrived......bitcoin. 


China NEEDS $13,000 GOLD PRICE To Implement Oil-For-Gold Contract



Trump Threatens "Little Rocket Man", Says Kim "Won't Be Around Much Longer" As North Korea Holds Huge Anti-US Rally.....Clownassniffing


Suddenly out of nowhere bitcoin charges to thousands of "Dollars" per coin. Stalwart goldbugs jump to the promises of a safe haven alternative to the dollar. LOL.......a keystroke safe haven to the dollar??? You gotta be kiddin' me? If you can't see this for what it is then you better check yourself in to the nursing home now. This is a psyop and nothing more. Its another diversion. Its a divide and conquer. It is nothing more than NOISE to keep your eye off the ball. Its all smoke and mirrors and even a few of the good guys fell for it.  WHO invented bitcoin?  WHO CONtrols bitcoin?  LOL surely you have figured this out by now? Right?


Defiant Players Kneel, Join Arms, Avoid Anthem As Trump Calls For NFL Boycott and Firing Squads


Our Economy is dead. Our velocity of money is still ZERO. Nothing has changed. We're on life support and this whole bizzare recovery is an ILLUSION. Enjoy it......I do but please please please stay away from bitcoin. They are going to crush it.

Now please go watch football today. Speaking of football, now there is some really special divide and conquer for Joe six pack. Of course this is all about BLM and patriotism. Sure it is.........



129 comments:

  1. http://stockcharts.com/h-sc/ui?s=AG&p=D&yr=0&mn=4&dy=0&id=p42972298700&a=542974364&listNum=1

    ReplyDelete
  2. The FBI is the biggest owner of bitcoin ! Can you explain why kliguy? Serious question btw...

    ReplyDelete
  3. Miners Flat......completely clamped down before OPEX..............interesting.....no fochin movement......this pig could explode.......down or up......LOL

    ReplyDelete
    Replies
    1. Stifler does it again... BwaaaaaaHAAAAAAAAAAAAAA!!!!!!!!!!!!!

      Do you think he's learned the difference between the "BTC" and the wallet, yet?

      Delete
    2. Skippy is a serious player in the gold and crypto world.......LONG AMZN...BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

      Delete
  4. It all makes perfect sense Kli, the whole nation is a battlefield in the War on Moron.

    CS, contrary signal shows up and gold pops back up too funny.

    Next we'll have Jay come on here and ask "Kli, is North Korea really dangerous?" lol.

    Yeah, it has nothing to do with all the fraud or missing trillions or "market making with our money", we have to worry about some grown men who get paid millions of dollars to throw a ball around taking a knee to distract the unwashed masses from how bad they're getting played.

    It all makes perfect sense actually.

    ReplyDelete
  5. Claude er- SSRM still delivering, looking very strong, Tom. lol

    ReplyDelete
    Replies
    1. Yeah Foching Miners are Dead Money amirite, amirite? Heheee

      Delete
  6. another shake an bake day nothin to see unless OPEX breaks up

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  7. This deprives a community of what Walter Lippmann called "the means to detect lies." (Recall Postman's quote in "Amusing Ourselves to Death," Chapter 7).

    Real democracy, he believes, would be one in which people participate in the political decision-making and in related economic decisions.

    Chomsky asserts that America has a system of indoctrination (including a system of propaganda imposed largely by media).

    3) People have a fundamental need for creative work, which is not being met in systems where people are like cogs in a machine.

    8) Democracy in America is not functioning in an ideal sense but more in the sense that Lippmann noted in Public Opinion (where a specialized class of about 20 percent of the people -- but who are also a target of propaganda -- manages democratic functioning) and, in effect, are under control of a power elite, who more or less own the institutions. The masses of people (80 percent) are marginalized, diverted and controlled by what he calls Necessary Illusions.

    9) Manufacturing consent is related to the understanding that indoctrination is the essence of propaganda. In a "democratic" society indoctrination occurs when the techniques of control of a propaganda model are imposed -- which means imposing Necessary Illusions.

    Chomsky's Propaganda Model says American media have "filters" -- ownership, advertising, news makers, news shapers -- which together emphasize institutional memory, limited debate and media content emphasizing the interests of those in control.

    I hate to say it Kli as there are only so many hours in the day but even your blog is falling victim to this.

    When media news coverage of issues is bias in favor the status quo, these are the results:
    1. ownership of media is held by major corporations with interests and goals similar to power elite elements of society
    2. people with different views, "dissenting voices," are not heard much
    3. the breadth of debate is limited
    4. the official stance and institutional memory prevail and become history
    5. people's interest and attention are often diverted away from issues about which they could become concerned

    http://hope.journ.wwu.edu/tpilgrim/j190/Chomsky.summary.html

    ReplyDelete
    Replies
    1. The only thing that I can see at this time is complete collapse......its right in front of us and no one can see it. They can feel it. They just can't see it. They're confused. They certainly don't have the ability to fight it. I don't have the courage to fight it and I will not. I'll keep this platform open as long as I feel safe doing so and plan on making some scratch trading miners.

      Delete
  8. This "system" is not a Conspiracy but is a HEGEMONIC system of sorts, working with propaganda, wherein people do not get all the important information that may arouse that curiosity and prompt them to get involved and create changes.

    Chomsky's concept of NECESSARY ILLUSIONS is linked to power elites dominating how life happens, with part of the population -- about 20% who make up the political class and are expected to participate as cultural managers in a limited fashion -- are indoctrinated, and most people -- the other 80% of the population -- are marginalized, diverted from political awareness and participation in self-governing, and reduced to apathy so they don't vote or take charge. Media are a tool of society's power elites and owned and controlled by them and are used to impose those Illusions that are Necessary to keep people diverted from the political process.

    ReplyDelete
    Replies
    1. BTW have always enjoyed Chomsky but unfortunately his "solutions" of community action are less than impressive. Not gonna happen for any real change unless you happen to live in one of the "organizable" areas......we've been herded into high density killing fields for a reason and once the smoke clears.....you may be able to organize into a less centralized gulag.......then of course AI will be mopping up any miscreants that fail to comply

      Delete
    2. You're opinions are appreciated.

      https://www.youtube.com/watch?v=1fuDDqU6n4o

      "Which is the way he wants it, well, he gets it!"

      It's a strange planet we live on where the truth is so vilified.

      Delete
    3. Your not you're and poor Andy Hoffman who throws a fit when everyone doesn't agree with everything he says and tries to make a living from writing a blog, what a loser.

      Delete
    4. Hoffman serves himself.........he's switching to BTC for the beta.....that's fine but he fails to reinforce his large physical stash. For Hoffman bitcoin might make short term sense but his logic is flawed

      Delete
    5. btw you should read the comments under Hoffmans X22report youtube interview. lol i think he fucked up

      Delete
    6. Chromsky is nothing but a Communist that uses a bunch of fancy words. It's been tried in over 80 countries and failed 100% of the time. Yet they keep trying. Latest crash and burn victim : Venezuela(and they've even got gobs of oil). I will admit, Chromsky's writings are complete and well researched, however by the end of the column, he usually shows his hard left philosophy that would make Marx proud. I don't read him anymore because the pattern became so routine.

      Delete
    7. Agreed Jay, I may not agree with some of his conclusions but he is dead on about what is really going on for in reality we have socialist corporate elitism for those at the top and pseudo breadcrumb fake capitalism for everyone else.

      Having a bunch of grown men who make millions throwing a ball around for a living in the middle of a phony controversy is proof of that.

      1. ownership of media is held by major corporations with interests and goals similar to power elite elements of society
      2. people with different views, "dissenting voices," are not heard much
      3. the breadth of debate is limited
      4. the official stance and institutional memory prevail and become history
      5. people's interest and attention are often diverted away from issues about which they could become concerned

      Delete
    8. LOS- 1-5 only true if one limits their info sources to MSM. Only a few in reality are that limited. views on drudge and alt- sites are skyrocketing as even the general public is being red-pilled now. 100th monkey theory kicking in right now.

      Delete
    9. https://www.realclearpolitics.com/video/2017/09/25/nfl_great_burgess_owens_flag_protest_result_of_liberal_ideology_that_destroyed_the_black_family.html

      Delete
  9. Jay.....we're in Corporate Communism now.....its all designed to maintain the CONtrol of the Large multinational cartel over the masses of which we are all slaves. You have to realize they're herding you into a gulag. You just can't see through the fog of bullshit. Choose your paradigm/illusion and enjoy your time in the eye of this storm the back wall coming will make these "made for TV crisis'" all a distant memory......I pick my illusions and immerse myself. I trade stocks, watch movies, play golf and try and enjoy my family's future plans......LOL ....ya gotta believe...

    ReplyDelete
  10. Perhaps the outrage that appears when critical mass is attained in the awakened population is the "backwall" we see coming to kick things off? Many possibilities out there.

    ReplyDelete
  11. No doubt that they knew that they would need scapegoats to justify BIG players' union concessions upcoming... https://i.redd.it/btmbwds0i8oz.jpg

    ReplyDelete
    Replies
    1. oh, there are plenty of scapegoats.....bwaaaaaaaaaaaaa

      Delete
  12. GDX smellin' good

    https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=6&dy=5&id=p40119929533&a=546688666&listNum=1

    ReplyDelete
    Replies
    1. read carefully good analyst

      http://kingworldnews.com/the-major-catalyst-for-gold-and-turning-point-for-the-sp-500-is-only-days-away/

      Delete
  13. HUI

    http://stockcharts.com/h-sc/ui?s=%24HUI&p=W&yr=2&mn=0&dy=0&id=p85935436872&a=546158265&listNum=1

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  14. KLI: Did you see this in the news today:

    Yellen says the Fed may have been wrong on employment and inflation, which would mean easier policy ahead

    The Fed may have overstated the strength of the labor market and the rate of inflation, leading to monetary policy ahead that will be easier than thought, Fed Chair Janet Yellen said.
    Yellen admitted that trends in employment and wage and price pressures have shifted from what central bank forecasters expected.

    ReplyDelete
  15. It's very simple, she's merely a puppet academic who has never worked a real job in her life who is simply jawboning and talking out of both sides of her mouth
    so as not to spook "the market" even though "they" indirectly buy the indices with money (debt) created out of thin air, not to mention anonymous treasury auctions and the constant rigging of gold/silver. Everything you are being told from them is a lie. The bond market is bigger than the stock market so they bought a little time with the phony debt ceiling extension which is another giveaway of what's really happening.

    I don't know about you but from what I see and hear the job market is AWFUL and housing is in another BUBBLE and yet it's probably that way because they want it that way and if it was going to be any other way it would be.

    Mission Accomplished.

    ReplyDelete
  16. Yellen, Bernanke, Greenspan.... all of the same mold. I doubt any of them knows a single person makung under 6 figures. And I honestly wonder if any of them has an iota of objectivity. It seems to me that interest rates have been decided well in advance before we see a song and dance on TV. Unlike KLI, I do support going back to the gold standard. The Fed has been a disaster almost since it's inception. Instead of preventing bubbles, it's current mission is to inflate bubbles to the maximum limits possible. End the Fed!!

    ReplyDelete
    Replies
    1. 6 figure?? LOL ......I'm sorry to tell you this Jay but a 6 figure income to these people is poverty....what's funny is they consider anyone under a multi million a year income poverty and literally view them with contempt.... Their stated salaries in these positions are nothing but a facade. The real money is well hidden.

      Delete
    2. let me give you a real life exchange I had at a NY dinner party last year with some elites.....I was talking with one of the "help" that I found quite engaging regarding the entire facade of life and the host had noticed the conversation. she dressed him down and informed him the help was not to be talking with the guest. she was genuinely disgusted that he had the audacity to engage in actual conversation and share any views on anything with me. LOL he was actually MORE informed than she was yet she viewed him as contemptible. he wasn't in the "club".

      Delete
    3. Jay, the Fed is owned by the banks (preferred stock with a guaranteed dividend). But, the Fed is extremely profitable. So what happens to those excess profits after expenses and preferred dividends are covered?

      Think TAXES (back door TAXES)

      Delete
    4. Jan 11, 2016 ... The Federal Reserve said Monday it sent a record $97.7 billion in profits to the U.S. Treasury as the central bank's ...

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    5. Inlet, from what I've seen, the Fed was created to extract as much money as possible from the middle class under the guise of protecting us from bubbles and helping the economy. It's no coincidence that the Fed and federal income tax were created the same year(1913).

      We had bubbles before the fed. We had depressions before the fed. But they were allowed to pop naturally and therefore creating a stronger free market. This sham they've got going now is creating the mother of all bubbles... and when it pops, it's going to be ugly. I think we'll see a war that'll make North Korea look like a mosquito.

      Delete
    6. Six figures for those dates folks is walking around $$$$ How bout being at a dinner with heavy hitters and the dinner & booze bill coming out at over $ $30k and mind you that was back in the 80's... Hehehe Vethy Expensive hangover! btw: Me & my Buddy we're the entertainment, we were and still are just peeon's....

      Delete
  17. Bitcoin above $4000 again ! Maybe I will sell my bitcoins that I bought at $2000 when it goes $10,000 ! Oh and SS you are a dumb fuck, you think your the smartest guy in the room. How many bitcoins do you have in your hot wallet ? How many in your cold wallet ? The answer is zero cause you really are an arrogant dumb fuck who thinks everybody else is clueless.

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    Replies
    1. wowza....MULTIPLE Bitcoins!!....YOU DA MAN

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    2. CS -- bit "Coin Sucker" Hehehehe

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    3. Ahhhh, Stifler, good to have you back. Studied up on the FBI seizing the Silk Road wallet & exchange, not "owning" the Bitcoins? No Bitcoins in my wallet just for that reason... lol.

      I just wallow around with FRNs and swap a few when I can for shiny stuff on account of the expert advice I get here from you and your family in the gold biz for 43 years now. You have kept me in the game. There are some sharp folks here and I thank all of them for offering their studied opinions along the way.

      Delete
    4. LOL....btw if you read the syntax of CS carefully it is pure Skijppy/buttfox.....watta douche

      Delete
    5. Weeeeeeeeeeeeeeeeeeeeeeeeeeeeee I bought Bitcoins! Hahaha Sure you did......

      Delete
  18. And yes I am back , CS , contrary signal as you guys call it. Miners are still dead money and going nowhere fast suckers.

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    Replies
    1. thank you ......LOL.....Contrary Signal

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    2. Okay CS you make me think we're at the turn for sure now..........heheehehehehhe

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    3. for dead money my return even with this beatdown is over 300% off my portfolio low of Jan 2016.......LOL ..I'm sure your up 300% since Jan of last year.....so puleeeeze spare me the drama and how "dead" the miners are....

      Delete
    4. Dead Money? The sector has some of the best vol opportunity for a seasoned trader like yourself, CS. Plus a top notch law degree, insider knowledge and unlimited trading funds, you should be KILLING this market!!! BWAAAAAAAAHAAAAAAAAAA!!!

      Delete
    5. CS is the female version of BS. BaaaWaaa

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    6. CS's return made me pull the trigger on a kg Libertad in commemoration and support of Mexico city in their reconstruction efforts. I always wanted one of those beasts.

      Thanks, Stifler!

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

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  20. http://swingcycles.blogspot.com/2017/09/golden-cycles-sep-27-2017.html

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  21. Trump will be impeached next week

    https://www.youtube.com/watch?v=4RPRDK7jEns

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  22. >> The Federal Reserve said Monday it sent a record $97.7 billion in profits to the U.S. Treasury as the central bank's ...

    What Inlet fails to mention and Jay hits right on the head is that I thought Federal income tax was supposed to be temporary, like Social Security and on and on and on. Not to mention the market making, insider trading, sweetheart deals, free money for banks but high interest for those that borrow from banks, the ping pong back and forth between politicians and banks and the speaking fees (bribes) they command. The moral hazzard, the bubble, the labor participation rate and on and on.

    If you look at the history of the United States it has always been a struggle whether or not to have a Central Bank.

    But now they want to get rid of the state tax deduction and the mortgage interest deduction, it keeps getting better. TJ had it right 300 years ago.

    ReplyDelete
    Replies
    1. funny how 300 years passed and its still the same game

      Delete
    2. Ain't that the truth but it seems to be getting worse by the minute, have you flown lately?

      Look at the culture (or lack there of) they have created, what a waste.

      “When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you. . . you may know that your society is doomed.”

      Say it ain't so Inlet.

      Delete
    3. Surely this can't be true, what about the top .001%

      http://www.zerohedge.com/news/2017-09-27/fed-stunner-top-1-americans-are-70-wealthier-bottom-90

      Oh look Football is on, what are they protesting?

      Delete
    4. Notice that most of the gap widening happened as soon as Obummer took office? Ain't Socislism great? (Ok...it wasn't all O's fault, he had plenty of help from his buddies at Goldman Sachs and da Fed)

      Every single time when a hard left leader is elected and/or dictatored into office, this same thing happens. Hell, it even happened in the Soviet Union. The rich get richer while the middle class join the ranks of the poor.

      Delete
    5. League - Tax Reform to aid the lower to middle income class. What a joke. A low earner gets $12k with no Federal income tax (There is still FICA, Medicare, state income, sales and other taxes).

      Right now with standard deduction, exemption a single tax payer can earn around $10k and pay no Federal Income taxes - so the low income earner saves about $16 a month in Federal Income Taxes under Tax Reform.

      I remember The Reagan reform and every year I paid more Federal Income taxes than the year before and raises just kept up with inflation (more or less). It was a joke under Reagan and is a joke now. The elite will make out like thieves!!! BaaaaWaaaa

      Delete
    6. League, I am a simple country boy. All I know is that as the Fed increased the amount passed to the Treasury I earned less in my IRA savings account (a backdoor TAX on an account that is supposed to be sheltered from TAXES).

      Delete
    7. Thanks for clarifying Inlet.

      Jay, the gap was well on the way during the W years as well, NeoConservativism is just as bad as Neoliberalism. How many TRILLIONS were blown in Iraq and Afghanistan? Remember $20 oil we were promised, how did that work out? How much money did W and Cheyney make from those wars?

      Isn't that Moral Hazzard?

      How about allowing corporations to park their profits offshore so they can avoid taxes and hire foreign labor in the country where they sell their products while getting tax breaks.

      You're only seeing the side you want to see IMO.

      Delete
  23. KLI: I wonder how many decades it's been since Yellen spoke with a common man?

    Your story about the hired "help" really hit home. Did you feel disgusted after that incident?

    ReplyDelete
    Replies
    1. I was PISSED......but not surprised ...

      Delete
  24. Gold : 1,283.90

    Maybe KLI was right. Maybe those Fib lines do have merit. KLI, you've been doing charting a lot longer than me. Have you observed the Fib lines to be much more accurate than other indicators?

    ReplyDelete
    Replies
    1. realize that multiple technical indicators are used by the big boyz and their satellite hedgees to manipulate the market. I don't rely on them . i only use them to see what likely pullback/breakouts might occur. Since there are so many factors involved for me to predict without having "their" trading platforms/unlimited money, I just trade on the margin of my position. For instance I am 99.9 invested in miners as of 3 days ago and perfectly fine with that. I will only raise a little cash on thrusts up .....defining a "thrust up" is "complicated".....LOL

      Delete
    2. I used to swing/day trade Jay but this is a much more manipulated situation to make money that way so enjoy your options etc ..... I just won't let them whipsaw me

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    3. But just last week, you were pointing to the fib lines and saying we might see 1262 gold. Now it appears 1262 might happen. It just made me wonder if these fibs are very beneficial predictors.

      Delete
    4. I use fibs and made small marginal buys on those fib decisions. However I was never below 90% invested in miners long.....therefore i obviously do not rely upon them

      Delete
    5. Do use FIBS just for price? Or, do you also use FIBS for time spans also?

      Delete
  25. China's "Gold Week" incoming... http://www.zerohedge.com/news/2017-09-27/real-driver-golds-recent-weakness

    ReplyDelete
  26. Updated GOLD chart:

    http://swingcycles.blogspot.com/2017/09/golden-cycles-sep-27-2017.html

    ReplyDelete
    Replies
    1. Nice- thanks Inlet. Can that last red arrow on the Right be positioned a little higher, please, lol.

      Delete
    2. Lol......at least this feels like a bottom

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    3. Inlet: did you buy and sell using those red and green arrows? If yes, lobster is on you tonight. :)

      Delete
    4. I only buy PMs as insurance not to trade. I am looking at increasing my gold holdings. The envelops are based on JM Hurst's cycle work and part of my posts are to try and educate.

      Delete
  27. Kliguy has been calling a bottom for the last year ! How many times can one person be wrong?

    ReplyDelete
    Replies
    1. Your greatest call of all time Buttfox...definitely legendary call that REALLY sounded so erudite at the time


      The great skippy call of all time
      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.


      Delete
    2. sounds just like a cheap shill to me CS.......at the very least and empty suit...maybe an ambulance chaser lol

      Delete
  28. "That's right Jay" Was that directly from the Shamwow infomercial??? How about a chart to illustrate the enormity of that call? It will remain out there for all to marvel at.

    https://imgur.com/gallery/qLZFf

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    Replies
    1. Did he follow up on how his "adds" into that sucker's rally went? hehehe

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    2. LOL...its definitely an internet legendary trade

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    3. He should stick to "retro" trading. BaaaaaaWaaaaaa!!!!

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    4. Weelllllll, with unlimited trading funds, you can afford a few blow-ups...

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  29. KLI: Can you post a new $GOLD chart tonight?

    ReplyDelete
    Replies
    1. Jay i left the original message on when I first posted this chart so far 50 has held

      https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=5&dy=0&id=p13343276209&a=543967588&listNum=1

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  30. pay attention to Catalan this weekend .....could be a rocky monday opening

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  31. watch the Vietnam series on PBS.....by Ken Burns

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  32. http://stockcharts.com/h-sc/ui?s=SSRM&p=W&yr=3&mn=6&dy=0&id=p79042912685&a=547310676&listNum=1

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  33. no one wants to touch miners here.......hehehhehehe

    ReplyDelete
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    1. "Stagnation Is Not Just the New Normal--It's Official Policy

      Japan is a global leader is how to gracefully manage stagnation.
      Although our leadership is too polite to say it out loud, they've embraced stagnation as the new quasi-official policy. The reason is tragi-comically obvious: any real reform would threaten the income streams gushing into untouchably powerful self-serving elites and fiefdoms.
      In our pay-to-play centralized form of governance, any reform that threatens the skims, privileges and perquisites of existing elites and fiefdoms is immediately squashed, co-opted or watered down.
      So the power structure of the status quo has embraced stagnation as a comfortable (except to those on the margins) and controllable descent that avoids the unpleasantness and uncertainty of crisis. We all know that humans quickly habituate to gradual changes in circumstances, and that if the changes are gradual enough, we have difficulty even noticing the erosion.
      So wages/salaries stagnate, inflation eats away at the purchasing power of our net income, junk fees, tolls and taxes notch higher by increments too modest to trigger protest, fundamental civil liberties are chipped away one small piece at a time, healthcare costs rise every year like clockwork, and the gap between the bottom 95% and the top 5% widens, as does the gap between the top .1% and the bottom 99.9%, productivity stagnates, the growth rate of new businesses stagnates, but it's all so gradual that we no longer notice except to sigh in resignation."

      http://charleshughsmith.blogspot.com/2017/09/stagnation-is-not-just-new-normal-its.html


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

      Delete
    2. LOL.....as I've said for 8 years stagnation was the only choice for the them. They have to land this giant plane on a teeny tiny aircraft carrier of stagnation. its wealth extraction of the savers and the most productive of society.. eventually it will end in ever increasing inflation and eventually hyperinflation.and then pure hell

      Delete
    3. they could have inflation tomorrow if they wanted it. they don't. they want JUST what they have now.....stagflation....a slow boil.....slowly draining the blood from the rotting carcass of what was the West. Dying demographics killed by GMO and technology will prove its eventual undoing. nice future

      Delete
    4. You make the future sound so dystopian.

      Delete
    5. My weakness is my lack of patience for it took a decade of self introspection and research to get to where I am now. If I had met myself when I was 25 years old I would probably have been disappointed with the results as I am with today's millennial generation and "culture".

      You may think you are gaming the system now but it will catch up with you at some point, as age does, and you may find it nearly impossible to climb out of the Lazarus Pit that has been constructed for us, but looking outward will not help you, you will have the unfortunate task of having to look inward, because the wise man on the hill you seek just might not be there.

      https://www.youtube.com/watch?v=3ZV4S6AXMy0

      Delete
    6. we're all like hamsters running in the wheel

      Delete
  34. They do have inflation and plenty of it. Come on Kli..Grocery easy 10% a year. insurance anywhere from 10 to 40 % everywhere you look at hardware 20% a year chainsaws, blades, everything it's all a joke. Taxes up big..Autos inflation is running at about 20 some percent...Everything is a freaking lie..Kindle He Knows

    ReplyDelete
    Replies
    1. correct that's called stagflation....its inflation with poor real economic growth

      they can even increase the current inflation easily....including all asset prices and THEY will.....for now they create the illusion there is no inflation as they bleed you with fall statistics

      Delete
    2. Ya, worst long-term case scenario... MAX PAIN, baby!!!!! Always and all ways.

      Might be a good spot to speculate with some RWM, if you can keep from getting shaken out, lol.

      Delete
    3. Here ya go Kindle, just for you:

      "So wages/salaries stagnate, inflation eats away at the purchasing power of our net income, junk fees, tolls and taxes notch higher by increments too modest to trigger protest, fundamental civil liberties are chipped away one small piece at a time, healthcare costs rise every year like clockwork, and the gap between the bottom 95% and the top 5% widens, as does the gap between the top .1% and the bottom 99.9%, productivity stagnates, the growth rate of new businesses stagnates, but it's all so gradual that we no longer notice except to sigh in resignation."

      Delete
    4. But, but, but, I thought All is Well! Hehehe

      Delete
  35. lol- "Thats right, Jackie"

    https://www.cnbc.com/2017/09/29/this-is-the-least-volatile-september-ever-heres-what-that-means-for-stocks.html

    ReplyDelete
  36. http://www.reuters.com/article/us-spain-politics-catalonia/everything-prepared-for-catalan-vote-but-madrid-says-it-wont-happen-idUSKCN1C41NK

    ReplyDelete
  37. KLI: you say we are hamsters..but we still have a vote right?

    ReplyDelete
    Replies
    1. Well.... We still do and did hehehe and they're pissed really, really pissed! MAGA!

      Delete
    2. Nah, I completely disagree Tom.

      Why would "they" be pissed? "They" own it all. This just slows down the agenda and their ability to push it.

      I realize we are 9 months in you can't blame Trump for we have an obstructionist CONgress with a 13% approval rating.

      He did stop TPP, he is enforcing immigration, he did try to change H1B What else you got?

      So much damage has been done already so you will have to excuse my lack of optimism.

      Have you flown lately?

      Delete
    3. No not recently, last year a few times, JetBlue, extra leg room, extra speed so I can get to the front of the line for my pat down but I had no problems...

      Trump's doing just fine, enjoying how Bannon's working the fringe, Strange out, Corker retiring, Flakes the next one plus I'm loving how they're trying to Katrina him but it ain't working hehehe. Seems the PR Teamsters are hold up everything for more coin and all this stuff is sitting on the docks. The stupid Mayor picked a fight and she's gonna lose, also everyone is getting a history lesson on what a real corrupt chit hole the place is... So yeah I'm a bit more hopeful, then I was say a year ago, I'll take it while it lasts :)

      Delete

    4. Tom ,

      It's never been about ideology, it's always been about money I think.

      Tell me, what's been your worst patdown?
      Does everyone have to go thru the scanner now?

      We're all in this together after all.

      Delete
    5. Hehehe Its always about Money & CONtrol but Trump is not an Ideolog, he believes in what he's doing, listen to his words and watch his actions, with all he's up against, he's getting things done... Will it be enough? I dunno but like they say about eating an Elephant, you do it one bite at a time..

      As for the Pat down business, I've only been subjected to one due to a spare button on the inside of my cargo shorts. Wasn't to bad, cracked a joke about it being my third nut, the guy laughed and off I went and yes everyone goes thru the scanner. One time the thing was broken and they knew and let everyone thru.... So much for safety!

      Delete
    6. Jfyi: The most miserable TSA agents are at JFK and the most polite TSA agents I've encountered we're in Maui & San Diego..

      Delete
    7. Wasn't too bad? hehe
      You're being extremely kind. They actually have gotten to a point where they actually touch your genitals for "safety" Tom, no lie.
      So is there really much difference when they politely touch your dick to get on that flight? lol

      I refuse to go thru the scanner, just because everyone else is doing it, ain't it amazing what just a couple of short years of conditioning does to people! So if people are willing to get their dick touched to get on a flight, just imagine what else they are willing to do for bank credit when the money velocity slows, am I right?

      I realize what Trump is up against and I am still waiting so we shall see, actions always speak louder then words.

      Delete
  38. Look if you think I'm happy bout it you're mistaken, I'm not and there's nothing I can do about it plus I don't fly as much as I used to so going thru the scanner isn't a major concern, no different then the C-Scan I had last week, sucks getting old. I look at it this way, sure you can opt out of passing thru the scanner on principle but then you're inviting some skell to play with your junk, migjt be fine for you but not me man, that's the Mrs's job. When I fly I just want to get from point A to Point B as quickly as possible with the least amount of effort and greif. It's bad enough the Airlines treat you like chit if you don't pay for upscale service....

    ReplyDelete
    Replies
    1. lol. I get it Tom and you are right there is nothing you can do about it, the price of being a plebe in the 21st century for a little convenience. But I think it is absolutely different then going thru a C-Scan, it's about fear and social conditioning then safety I think. My point is it just goes to show you how far we've already fallen as a society. The water gets turned up a little more to the new normal and the Frog says this ain't so bad, maybe a little warm, until one day the Frog suddenly says HOLY SHIT!

      Delete
    2. Hahaha, as plebes there's an awful lotta things we can do anything about, but no I'm no frog, I'm aware, I'm also aware I can't do anything about it. I suppose I could not fly, could drive or take a train or somehow hit the big time and get my own Gulfstream G650 and not have to be subjected to all the bullchit we the plebes have to endure.... Hehehe but I don't think that's happening in this lifetime, so I put up with it. Key is to have a sense of humor about it all, it ain't funny by no means but if you constantly walk around with your BVD's all bunched up in a wad, you'll make yourself sick one way or the other. Key is to enjoy what you got, laugh alot and enjoy the family cause it can all change in an instant... So next time you fly and the guy is playing with your junk, just mention you hope that stuff you sprinkled on it got rid of the crabs! Hahahaha then watch how quick they'll let you thru!

      Delete
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