Son of ChartDaddy

For the upside

why bother with the charts Turd? if you are certain that there will be an upside explosion sometime before 21st September,  why not just sit back and wait for it

RHODIUM DOWN $60....

When I saw rhodium go down $60 while the other metals were positive, I knew it wasn't long before they turned negative.  I tell you, its been a while since I have seen such a large move down in just one day in Rhodium.

Looks like the markets get ugly from here (of course short term).

You're a better looking man than me.

11: double-down.

Although I understand the lack of patience and the seemingly endless PM price purgatory we're currently stuck in, gold/silver are not a "trade".  You have to adjust your investment timeline when investing in this space (unless you're very fortunate and take the plunge right before a major spike in prices. In which case, you're more than likely going to sell shortly thereafter and are one of the weak hands often referred to.)

The strong hands are investors that treat the PMs more like insurance.  They invest smaller amounts regularly and don't pay much attention to the volatility.  The timeline is longer than an average trader (mine is through 2020 right now) and the investment's purpose is to protect from an unexpected catastrophe.  When a catastrophe does happen, your PMs will be there to bail you out.  Sort of like the Central Bank of the common man. 

If you're growing impatient, you should re-examine your original investment timeline to determine the profit/loss of your PM investments.  If your timeline is as short as 1-2 years, than you will more than likely be disappointed and are probably not one of the strong hands.  With such a short timeline, the manipulators are much more likely to shake you out of the PM investment space with their daily manipulations.  If you truly believe in the story of PMs, stick to your guns and you'll be rewarded for your patience

The bottomline:

The Courts have made it abundantly clear that you don't own your money....regardless of where you put it.  The Government has made it crystal clear that you work for them without the benefit of receiving anything for your productive labor.  Each step, each ruling, each law is pulling the wrapping away from the self-evident truth that we are merely slaves.  Your bias can make you believe that it's not true... that it's only everyone else that is in the trap, but the cage was closed long ago before you were born.  A corporation can steal $312 million and the Bank is the only one who has any rights... it's been made clear.  Can you see it?

I have not posted for a long time here. I only post when I have something new to share. Here's my latest analysis on China's currency war. 

Background: A country whose currency is the reserve currency will necessarily run trade deficit against others (so that other countries can accumulate said currency for trade and foreign exchange reserves). Such trade deficit conflicts with national goal of providing employment because to have a trade deficit, production tends to move overseas to countries that want to accumulate the currency.

Hypothesis: Triffin's dilemma is still applicable, of course, but China will find ways around it. How?  

1. RMB will be set up selectively as a bilateral currency rather than world trade currency. By being bilateral trade currency, China can pick and choose which countries it will allow to run trade deficit against. Examples:  

• Countries that export commodities. China prints fiat to exchange with commodities. Sweet deal. Commodities extraction are not labor intensive so it does not conflict with China's domestic employment goal. Examples: African countries, Iran, Brazil, etc.  
• Countries that export high technologies. High tech is capital intensive and not labor intensive. Again, no problem to China's domestic employment goal. Examples: Japan.  
• Countries that have structurally higher employment cost. Examples: Japan. 
• Countries that have industries China is no longer interested in keeping. Examples: don't know, but theoretically possible.  

2. Trade deficits will not lead to higher unemployment if simultaneously China exports labor to countries it is running trade deficits against. Example: infrastructure grants and loans to African countries are conditional upon the money being used for contracts with China's corporations who will then export labor and employ Chinese in Africa.  
 
3. RMB will be set up not as entire-world trade currency. It is not designed to replace USD completely. This allows China to keep having trade surplus against the US in USD terms, exporting high unemployment to the US.  
 
The net results will be China running trade deficits against commodities exporting countries in RMB term, but trade surplus against US and Europe in USD terms. China benefits from acquiring commodities cheaply by just printing RMB, keep high employment at home and increase employment of Chinese labor abroad, and at the same time absorb technology from US/Europe through trade surplus. I believe this is what China is aiming for. In this game of global empire building, China demonstrates that it is extremely skillful.

By the way, ZH's article gives a context for what prompts my analysis: http://www.zerohedge.com/news/africa-just-says-nein-us-dollar-time-go-short-usdzmk-and-usdghc

Zzzzzzzzz............ At least it's sunny outside! Hopefully the paint dries faster in the sun:)  

Must be too scary for children.

I agree with you 1000%.I sometimes vent here bc it makes me feel better.I've been trading gold since 2003 and taken some time away on several occasions.I just feel I started back at the right time back in May.I live with my wife and 3 kids and I can't talk about the markets with them.This venue is great and especially when you receive input from people like you.

Thank You!