Killing #1

http://www.bloomberg.com/news/2012-02-03/fed-s-bullard-says-surprising-u...

Always looking for those kind of opportunities these days Turd as who knows how long they might continue?

If the dip happens I'll be BTFD for sure

Have a great w/end!

RaRa

The Forces of Darkness were out trolling around with their little HFT programs and "Get out of Jail Free" cards today. 

Here is a little perspective though for the year:

Silver @ 33.63 is UP 16.78% YTD

Gold @ 1,725.55 is UP 7.98% YTD

Regardless of what happened this week or what might happen on Monday, I'm still going to the local shop to stack tomorrow!

Blythe et al, FU. Not FUBM, just FU. Plain and simple.

Have a good weekend Turdites.

EDIT: I hope you all saw it at the end of the last thread: brotherjohnf has had his website suspended due to a TOS violation. Yeah, a violation such as showing others about the red pill. Gimme a break.

In many ways, most Americans are part of the Lost People.  We are part of the Lost people because our most defining document, the U.S. Constitution, sits behind heavily guarded glass and steel with few bothering to read it and understand all it was meant to say and for whom it was meant to protect.....

The Lost People are the 1,126,000 jobs lost in the last two (2) months..... when you peel back all of the crap...the truth is exposed and is there for all to see.... there is no recovery.  It's nice that the Government, through the hocus pocus of birth/death rate formula and the retail temp job pump for the holiday season, is making it like OBummer is leading this country to a new and promised economic land.  OBummer actually had the audacity today to tell Congress not to screw up the recovery because he's doing such a great job.....what a sham and all for his desire for another 4 years of his power ego tyranny.

SEARS, BANK OF AMERICA, AMERICAN AIRLINES (13,000), BARCLAYS, MORGAN STANLEY, MICROSOFT, HSBC....these are all companies that plan to cut jobs....granted most of them are banks....so we could say thank goodness, but every job is starting to matter as the dominoes seem to be falling... The list is endless....

There is nothing in our economy that is set to flourish.  We are under the misconception that given the right circumstances....industrial jobs could come flooding back to this country and that is just not the case.  It takes decades to build the infrastructure, the worker skill sets and the distribution networks required to become a manufacturing base.  When the Chinese can mobilize 6,000 workers at the drop of a hat to make the necessary line changes for the new Apple IPhone in under 24 hours.... it's obvious that we can't compete with that type of set up.  Those workers are just a hair above slaves..... are we willing to go back to those type of conditions to compete?  Most likely not.... but Money flows where the opportunities are and, even more so now, that we don't bother to protect even our most critical industries from being sent overseas.  We are facing an absolutely tough economic road ahead of us because... most of the world...is doing it better and faster than we are....  I am not saying we are out of the game...just that our elected leaders are hell bent on making sure we end at the bottom of a very long barrel.

The Lost People are still asleep because the government has done much to cushion them from the reality of the abyss of poverty, but how long can you keep over 20% of your population on the dole....pay out over 30% for interest on debt service.....and face the biggest wave of Social Security claims this country has ever experienced...without imploding or reneging or revaluing.  We have painted ourselves into a corner and there are no ways out they aren't extremely messy. 

We have $16+ trillion reasons to know that every move we make and every step we take has to count.... there's just not enough time to dilly dally anymore, my friends.  A careful and methodical plan must be crafted..... where you complete an honest and thorough assessment of your current reality.... what smart steps can be taken by squeezing the best value from every red cent you have to ensure that you are prepared and covered by the insurance of your preparedness.  It's not enough to just be Awake..... you have to make sure that you're not Lost as well.

*Missed the New Thread.... repost

Gold just buzzed along that line for the rest of the day after that 3:00 plunge with hardly any variance. At least silver was able to nudge up right the market close. Gold didn't budge.

We've had some pretty strange trading days going on lately where the USD is up and gold is up at the same time or the S&P is down and the miners are up big time. No rhyme or reason lately and it doesn't seem tied to anything the way it used to be. Heck, the dollar zipped up and gold hardly budged a couple days ago.

Strange stuff. Not sure what any of that signaled.

I thought maybe a margin hike. Nada.

RE: Silver perfomance.  I told a friend today that I had picked up some more 90% coins.  She said, "Too bad silver doesn't pay dividends".  I wanted to quote silver's performance YTD, GSR, and potential shortages, but I just bit my lip and said, "Yeah, and you can't eat it, either".  She thought it was funny, but had no idea how sarcastic I was being.

If TF is correct and a serious EE smackdown (of the Aug 2011/"QE3 off the table" variety) is coming then we're most certainly going to see prices < $1700 in short order. I mean we we're looking at prices in the $1650's just a couple of weeks ago, weren't we? IMHO, this seems like a logical target initially.  Just remember what Santa said about $1764.  We've been through this bs countless times before, so it should not come as any big surprise. If this turns out to be the case, the chart would take on a whole different look altogether with the series of lower tops being continued.  Overall, I agree with TF that something didn't smell quite right today as everything else was ripping higher while the PM's were being blatantly shot down like clay pigeons. Anyway, I hope we are not sitting ducks come Monday morning. 

I believe we are going to have a lot more time to stack....n the short term there will likely be fairly regular dips that occur as forces loyal to the status quo prop things up, thus metals go down, especially in an election year. This action is great for those of us who would rather put their fiat into tangible things over a relatively long period of time. Our plan is based on buying in on drops with 10-20 percent of dry powder on a regular basis during the entirety of our working careers. We are hedged with a 401K and pensions invested in large cap and multinational stocks, as well as base metals and materials in our private investments (steel, tin, copper, aluminum, etc).  Guns, hunting/fishing equipment, ammo, tools, etc are other metals/materials are other things we are heavily invested in.  

We are looking forward to watching the super bowl with family and friends around the fireplace with good food and drink this weekend.   Congratulations and good luck to all the Giants and Patriots fans....From a long suffering Vikings fan who remembers watching the last two super bowl losses, along with assorted championship game loses along the way. I still miss Bud Grant. 

Hedge Funds loading up on Copper?  What an odd rally when looking at the "official" payroll numbers.  Maybe they're expecting a major Coronal Mass Ejection that will require a lot of it to rewire half of this dysfunctional planet.  Still, I'll never say when SHTF, "Better Red than Lead".

.....now where did I put that bottle of Pe5?

Neither does AAPL, but the same people will tell you what a wonderful stock that has been. People hear a line of argument that they think sounds clever and makes sense to them because they don't know the facts of a situation. Then they repeat that argument figuring it makes them  sound smart. "Silver doesn't pay dividends" only makes sense to the person who didn't buy any.

The world is changing right before our eyes. With negative interest rates looming, will  corporations keep paying dividends? Or will they lower them? And as the economy stays in the rut, as the bottom line gain from layoffs and squeezing the employees finds a diminishing return, will corps remain profitable and cut dividends altogether. Where is anyone who doesn't believe in PMs going to invest their money where they will find a "real" gain.

I may trade a bit here and there, but the bulk of my assets is staying in physical, land and a wind-solar energy system for my home.

There are numerous strange things happening in the PM sphere now. In my humble opinion I believe we are on the verge of another "Lehman" moment. I think that "Lehman" moment is an SLV default, MF Global times ten! I just read Ted Butler's recent article and had an Ah Ha moment. Interesting times.

Trading/Gambling is fun but I'm glad I don't do it for a living. {evidently not very good at it}

What also has proven to be fun/worthwhile is building real wealth by acquiring precious metals. I'm surprised/impressed that I've had more time to stack and learn than I actually figured I would. I've used the time to my benefit and will continue to do so.

I turn on the tube and see people cheering for Ellen, SuperBowl interviews and Oscar-talk among other BS and think how little it really means. Yet it really means "everything" to so many. How easy/simple it must be to keep the masses placated. 

Heck, I enjoy a good ballgame as much as the next {luckily my team sucks and makes not watching on Sunday pretty easy} but it's certainly obvious that most don't really have a clue {about what's really going on} and of course our "higher ups" prefer things that way.

I can only say from afar, that I know you guys and gals are on the right track here on TF's site and it's just about staying the course. My timing might have it's shortcomings but Long and Strong is the right play. 

Enjoy the game and the weekend or whatever floats the boat but don't lose sight of the big picture. Don't let small short-term setbacks let you lose focus. Part of their battle plan is definitely deception so trust your instincts.

Truly grateful for a place to learn and share with some Cool Kats! Carry on.

Just honoring your request...lol!
 

LOL Flame away big guy.  I bought Hecla at the bottom too, so I'm on an emotional high!  Yea, baby, that's what I like.  A stock that goes from $26 to  @$4+ and then goes UP on a silver beatdown?  I smell a rat.  This is a ten bagger.

Not sure if y'all caught this, but our $1765 number that we ran into today is the 61.8% retracement from the all time high to the Dec low at $1535. Well all know what happened last time gold tried to hold 61.8 - ran right into $1800, bounced a few times and down she went (epic failed move). Last time it took about 40 days to make it back up, this time just over 30. She needs a good rest.

If the last break low at $1718 is taken out, I'm looking to buy a little if a nice tail creeps down to $1700, perhaps breaking it very quickly and saying hi to the 200MA at $1680. If history is any guide, then it would be Mon - Tues.

Don't know.  But what I do know is trade less and make more money.

We are experiencing unprecedented volatility. Therefore, we are going to see incredible swings in prices.   When a company that has great fundamentals experiences a huge beat down and doesn't appear to totter on bankruptcy, buy it, either someone will buy them out or the price will retrace.  Hecla is going to retrace $20.  In a world with negative interest rates, I don't care how long it takes.

To be fair, you could insert a name of any country on that same map and they have almost the same range capabilities (and greater) as everyone in that region.  Israel, has advanced missiles and weapons systems and it could reflect their capabilities as well in the same region aimed towards Iran. It works both ways. I'll look for other maps.

http://www.jcpa.org/JCPA/Templates/showpage.asp?DBID=&LNGID=&TMID=84&FID...

Click on a country >>>   http://www.globalfirepower.com/

And here's a interactive map of Irans nuclear facilities...click and drag map. Nice map of MENA if downsized... http://www.aljazeera.com/indepth/interactive/2012/01/201211272451573612.html

click away on the map

http://motherjones.com/military-maps

“Sword of Damocles” (oil painting on canvas), 1812, by Richard Westall (1765-1836)

http://www.financialsense.com/contributors/stephan-bogner/the-sword-above-the-damocles-dollar

The article is dated ... I'm just crazy about this painting.

Awesome pic!