I think by Tuesday when the margin calls are flushed, someone is making their year on the rebound.
3300 (edit) ASK lots on Kindog, never seen anything that high before.
Nothing but Vultures at this point.
The gold rocket, eh? And the Messiah will come…just keep believing…
This is getting tiresome…but just on the rsi/oversold basis, I’ll keep taking stabs-this little 3 minute trade just cost me $330…
JNUG – 03:26:04
Sold 3000s @ $5.13 – Total: $15,382.65
JNUG – 03:23:10
Bought 3000s @ $5.24 – Total: $15,727.00
atta boy eeos. Your fire analogy is probably correct but something has to built out of the ashes.
Until then, I’m going long tissues.
The reason I think the PM’s are dead
is that ANY rally, no matter what its size, will be sold and shorted by the pros and market makers. It’s part of the trading rule book.
If we’re waiting for the huge breakout into a financial economic collapse, well that shite won’t happen either. It won’t be allowed to. The fire will burn the building down, but we’ll be trapped inside.
I’m not selling here macro, completely pointless right now.
I have a very very hard time believing we’re going to have an economic paradigm shift in my children’s life time. No one cares in the younger generations and most are pacifists. I’d love to be proven wrong
eeos, get out now so the rest of us can take the rocket ship up.
You need a little like father like son pep talk…
Well I went to throw another log on the fire and I heard a faint moaning coming from behind the woodshed
He said his name was Chuck Jeannes…
Wow G, how much is 13% of your market cap?
Announcement
The PM’s are dead for good, or at least for many years to come. Just think of the lines of sorry fools that still want out. Everyone that participates in the stock market casino hates Gold and Silver. They’ll side with the Fed so they can continue their lifestyles. If I had a bulldozer, I’d dig up JP Moron and burn his corpse for good measure…but everyone already knows digging all the way to hell is an insurmountable task
eeos
Re Greenspan
He’s getting on now and probably getting very nervous that the good Lord is a Bug, so is maybe trying to buy some insurance for when he knocks on the pearly gates and gives his name over……He doesn’t want to hear a booming voice shout out WHO !!!!!!!!!!!! I’ve been waiting for that SOB….. he’s only going to one place and for eternity.
Alan Greenspam comments concern me
This guy is a douche bag liar.
Captain Hook
All I can say is I dunno which mkt yr watching, but it sure ain’t the PM’s and that the oceans of outright rigging GATA have documented in the PM’s doesn’t happen.
Lets stand back a little here and ignore the simple rigging and look at the whole mkt picture. As of now you in the US have a gu’mint run by imbeciles, we in Europe have the EU, who can give yr imbeciles a run any day, as can our local imbeciles in the UK.
Yet yr stock mkt is at all time Hi’s, which says one of two things, either life is grand and yr economy is booming, or inflation is rampant and if it was the 2nd, then interest rates would be well bid, ie 7 to 10 % on the 30 yr, PM;s would be well bid , as would oil. But that ain’t the case, so it must be the 1st……..were all booming…..yet all anecdotal information is that the economies are flat at best, we’ll ignore the bent gu’mint numbers, for the trash they are. Also if we are all booming why aren’t interest rates hard, especially as we all carry record amounts of debt and not a shred of evidence that the debt accumulation will slow down, plus why isn’t oil bid.
So despite the world class imbeciles running us, who have ruined or wrecked everything they touch, the mkts sayour economies are the picture of perfect health. It is just too much to believe that the current bunch of uber cretins, can have created financial nirvana, something that has eluded every gu’mint in history. Which forces me to conclude that the major mkts are all false.
JDST’s rsi is 74-the last 4 times it was in that range-74 to 80-there followed tradable declines-
I gotta think jnug’s rsi must be at or below 30-so somewhere in here jnug must be decent risk/reward—so, if not today-them one more bop down tomorrow and SOME kind of bounce better occur…or PM CEO’s will be seen flying out of windows…
Yeah
“Even if I made a 10 bagger from here, it’s still not enough.”
or would it be fair payment for all the aggravation of the last several years.
This has been one big fool’s play. Greenspan did say to buy yesterday though…
G*d bless Bob Moriarty over tuh 321 gold-he keeps churning this stuff out…
Bob Moriarty: Flock of Black Swans Points to Imminent Stock Market Crash
TGR: You’ve commented recently that you’re expecting a stock market crash soon. Can you elaborate on that?
BM: We have two giant elephants in the room fighting it out. One is the inflation elephant and one is the deflation elephant. The deflation elephant is the $710 trillion worth of derivatives, which is $100,000 per man, woman and child on earth. Those derivatives have to blow up and crash. That’s going to be deflationary.
“WCB Resources Ltd. could have big potential.”
At the same time, we’ve got the world awash in debt, more debt than we’ve ever had in history, and it’s been inflationary in terms of energy and the stock market. When the stock and bond markets implode, as we know they’re going to, we’re going to see some really scary things. We’ll go to quantitative easing (QE) infinity, and we’re going to see the price of gold go through the roof. It’s going to go to the moon when everything else crashes.
TGR: How are you looking at the crash—short term, like before the end of this year? How imminent are we?
BM: Soon.
TGR: Are you in or out of the market?
BM: Oh, I’m in. Not in the general market, but I’m in resources. There’s a triangle of value created by a guy named John Exter: Exter’s Pyramid. It’s an inverted pyramid. At the top there are derivatives, and then there are miscellaneous assets going down: securitized debt and stocks, broad currency and physical notes. At the very bottom—the single most valuable asset at the end of time—is gold. When the derivatives, bonds, currencies and stock markets crash, the last man standing is going to be gold.
Exter’s Pyramid
TGR: So the last man standing is the actual commodity, not the stocks?
BM: Not necessarily. The stocks represent fractional ownership of a real commodity. There are some really wonderful companies out there with wonderful assets that are selling for peanuts.
TGR: In one of your recent articles, “Black Swans and Brown Snakes,” you were tracking the U.S. Dollar Index as it climbed 12 weeks in a row, and you discussed the influence of the yen, the euro, the British pound. Can you explain the U.S. Dollar Index and the impact it has on silver and gold?
pop quiz
| Are you a Democrat, a Republican, or a Southerner?
Here is a little test that will help you decide.
The answer can be found by posing the following question: You’re walking down a deserted street with your wife and two small children. Suddenly, a Terrorist with a huge knife comes around the corner, You are carrying a Kimber 1911 cal. 45 ACP, and you are an expert shot. What do you do?
THINK CAREFULLY AND THEN SCROLL DOWN:
Which of the following most closely matches your answer? Democrat’s Answer: |
- Well, that’s not enough information to answer the question!
- What is a Kimber 1911 cal. 45 ACP?
- Does the man look poor or oppressed?
- Is he really a terrorist? Am I guilty of profiling?
- Have I ever done anything to him that would inspire him to attack?
- Could we run away?
- What does my wife think?
- What about the kids?
- Could I possibly swing the gun like a club and knock the knife out of his hand?
- What does the law say about this situation?
- Does the pistol have appropriate safety built into it?
- Why am I carrying a loaded gun anyway, and what kind of message does this send to society and to my children?
- Is it possible he’d be happy with just killing me?
- Does he definitely want to kill me, or would he be content just to wound me?
- If I were to grab his knees and hold on, could my family get away while he was stabbing me?
- Should I call 9-1-1?
- Why is this street so deserted?
- We need to raise taxes, have paint & weed day.
- Can we make this a happier, healthier street that would discourage such behavior?
- I need to debate this with some friends for a few days and try to come to a consensus.
- This is all so confusing!
Republican’s Answer:
BANG!
Southerner’s Answer:
BANG! BANG! BANG! BANG! BANG! BANG! BANG! BANG!
BANG! BANG! BANG! BANG!
Click….. (Sounds of reloading)
BANG! BANG! BANG! BANG! BANG! BANG!
BANG!BANG!BANG!
Click
Daughter:
‘Nice grouping, Daddy!’
‘Were those the Winchester Silver Tips or Hollow Points?!
Son:
‘Can I shoot the next one?!’
Wife:
‘You ain’t taking that to the Taxidermist!
My bet is that all this devastation in the PM’s
is possible from the ETF’s (oops and the grubberment of course). This was the plan a long time ago. Still hoping a big fat boy like ABX collapses and closes its doors. Even if I made a 10 bagger from here, it’s still not enough. I’m pissed and want revenge soon
Re: Swiss Gold Referendum
snip
All of which leads us to perhaps the most fascinating part of the Swiss Gold Initiative: the motion to ensure that the SNB immediately acquires enough gold to back 20% of its reserves (a threshold which it must then maintain as a minimum — at a level, you know, about where they were in 2009).
Now, the numbers around this little piece of the puzzle are interesting.
In order to reach the 20% threshold, the SNB has two options open to them: they can either reduce the size of their balance sheet or buy gold.
In life, there are many limbs out onto which one should never venture, but I’m prepared to dance out onto this one like Billy Elliot:
The SNB will NOT reduce the size of their balance sheet in order to meet the 20% mandate should the motion be passed.
There. Quote me on that.
And we all know what THAT leaves, don’t we boys and girls?
Yes, in order to meet the regulations should the Gold Initiative pass, the SNB will need to buy 1,700 tons of gold at the market (assuming, of course, that they don’t expand their balance sheet further in the meantime — something that, with the increasingly weak euro, is doubtful in the extreme). That equates to roughly $70 billion or CHF 67 billion.
And we are talking physical gold. Not futures contracts or complex derivatives but the metal itself.
Put another way, 1,700 tons of gold is roughly 70% of total annual gold production.
more http://www.mauldineconomics.com/ttmygh/this-little-piggy-bent-the-market
Capt Hook
Count me in with Maddog and a “dismissive attitude”.
What’s been happening is nothing less than a concerted effort by the money powers to completely decimate an entire sector and eliminate any competition pm’s have with the existing fiat Ponzi scheme. Period.
Maddog
I do not agree. While official raids are a part of it, the day to day trade is heavily impacted by speculator betting practices. You can take that to the bank. I watch the betting and tape every day and this is self-evident in the result. Of course it’s dismissive attitudes like yours that allow for this. People realizing this don’t mind because it just allows them to buy cheaper, or for some, to get short.
Cheers
it does not matter how much
china buys in real .. how many oz of silver are taken of the grid with silver eagles at record levels
the paper is infinite .. short sales with no consequences massive gold dump are the rule rather than the exception in my opinion
Winedoc, doesnt that gold/silver ratio above 73 eat into your wallet and bank
account with its overwhelming urge to turn in some more fiat for some more silver Maples or some other physical silver. I find 10-ounce silver bars to be an attractive size and shape. Cheers to you and yours on your side of the continent. Equiz.
I Wonder where this will all end?
I suppose the elections will all be rigged too! We are witnessing a societal breakdown.
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
wowzer
the gold and silver value index pushes lower. But what’s the option cash lol a non interest dead end .. grab the top of the stock market .. sure why not
Don’t hold your breath
Russia pushes forward plans to mine the moon

