Saturday, October 6, 2018

GOLD BUGS BEATIN' SENSELESS

Stomped, slapped, and now for good measure...given the boot. That's no way to treat one of the most undervalued, logical places to put money in an overvalued, overbot, stock market. That "logical place" in this ponzi market is of course the paper miner shares in precious metals. Yet here we are. Defying all logic money just keeps flowing into stratospherically priced ponzi stocks like Netflix, Tesla, and Amazon. Its really getting almost as crazy in price valuations as the Nazdaq was in 2000. 

Some conspiracy theorists like to point out that humans no longer are involved in moving the market. They like to say that a "deal" was made in 2009 to turn the market over to an algorithm controlled and directed by the Fed with its major member banks at the helm. Therefore giving a semblance of market participation, but in reality not allowing any substantial movement in the market to the downside that would trigger a selling panic. 




These theorists add that currency and global bond markets were part of the algorithmic model. Gold and silver were an essential asset class to keep a firm foot on to provide an open field to run in. 

But of course these theories were only theories and as the last 8 years unfolded gold and silver languished as their headline price remained tepid and the mining shares were destroyed. These assets were off limits to Wall Street paper. Anyone that played in this arena was punished by the algobots. 


Stocks have been hit hard, but crypto has been hit even harder...lol....but BitCON is the answer


Just remember one little fact. Sentiment is now completely destroyed and all of those shares and all of those ounces of gold and silver were sold to someone, and that someone owns those shares for a reason and they are not retail. gl



13 comments:

  1. Yeah I'm feeling a wee bit punch drunk! Hehehe

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    1. yup......but time is gonna run out on the gold bears

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  2. ALL this SILENCE is deafening

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    1. LOL........sentiment is GOOOOONE........hehehehe.......market cracking up and no one cares.....can ya blame anyone that is in this paper scam of a casino???......been down south touring the Vicksburg battlefield and now I know how the goldbugs feel........lotta dead people

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  3. dontknow bout tomorrow BUT the dumb money has been CONditioned to buy every dip in the general equity market.......one day that trapdoor is gonna open on the dumb money......whenever it does NO ONE will expect it and that is what makes this market so dangerous.......enjoy the show folks and bring your popcorn

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  4. … KABOOM... Gold 1,228.40 +35.00(+2.93%)

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    1. lol.....noBODY cares......they've capitulated

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  5. Of course no one cares and sentiment has been destroyed the Borg have taken over and they own it all! lol

    Culturally, Financially, Perception Managementally.

    Tom,

    I finally finished the video, once you enter the court system you are playing by their rules
    but at least the cop tried his best but prolly out of his jurisdiction you can't fight city hall but this opens up another can of worms.

    At what point do you draw the line between artificially low interest rates tied to a fiat debt based currency and a taxpayer subsidized what have you where the prudent are punished and the speculators are rewarded beyond their means?

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    1. Hi League
      What amazed me was by the end all he wanted the bank to do was prove that it had actually loaned him their own money. It felt like the Wizard of Oz where someone finally gets to see behind the curtain. It’s also scarey how a system responds when it feels threatened, I guess the people running things have a lot more to lose.

      As Kli has been saying for years we have to rob your grandmother’s savings so the speculators can be made whole.

      And what has happened to our language? I know you already get this, but I have too say it. I just had my annual physical but I no longer have a doctor I have a “provided.” Oy vey! It’s like if you change the language, you change reality.

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    2. LOL.... "providers" ......yup this has all been planned Tom.....you're foched

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  6. "The American people hated Hillary so much that they voted for a guy they hated even worse just to rub it in" lol. -Norm Mcdonald

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

    Where did all the money go? Does anyone ask that question anymore in this squid ink of nonsense?

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