I Hope You're Ready. I am.

556
Thu, Jul 19, 2012 - 12:39pm

I've been on vacation long enough. Batteries are recharged. Perspective has been gained. Things are about to get very, very interesting in the metals. I'm ready. Are you?

Both metals are rapidly approaching a conclusion to their long-term, corrective patterns. By Monday, I'll be able to draw on these charts again but, for now, you'll have to use your imagination. Connect the tops with a down-sloping line and connect the bottoms with a horizontal line. These "descending triangles" are near their completion as both metals are working themselves into the very tight, acute angle at the far end. WHEN they break out and UP, what is happening will be clear to all. The hot, explosive summer and fall will have begun. Be ready.

Here are some news items that you should be following. As mentioned yesterday, if you want to follow the events on the ground in Syria, this link is your best bet: https://www.aljazeera.com/watch_now/. Israel has fingered Iran/Hezbollah as the culprits behind the bombing in Bulgaria yesterday. https://www.zerohedge.com/news/alleged-mastermind-behind-israel-bus-explosion-identified-swedish-national-mehdi-ghezali. And, the U.S. is appearing to gear up for military action somewhere in the area: https://www.zerohedge.com/news/three-us-aircraft-carriers-now-middle-east-fourth-en-route. All of this has served to drive crude well through $90 and $100+ now looks quite possible very soon.

Soybeans are reaching a mania phase. They are up over $1/bushel in just the past 24 hours. They are likely due for a brief but sharp pullback soon but things aren't looking better, by any means. Here's a 5-minute chart as well as an updated version of the Kansas City forecast I posted earlier this week.

UBS sees hyperinflation coming. (Wait a minute. I thought hyperinflation was just some sort of Austrian pipe dream. David Frum said so. Oh well, Switzerland is pretty close to Austria. It must simply be contagious.) https://www.businessinsider.com/hyperinflation-risk-major-currency-2012-7

Peter Schiff is worried about tyranny and fascism. https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/18_Peter_Schiff_-_This_Is_My_Single_Greatest_Fear.html

And Trader Garrett (a friend of Trader Dan) has written summary for those searching for bottoms and trend changes. https://marketpendulum.blogspot.com/p/in-depth-coverage.html

OK, that's all for today. Keep the faith.

TF

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  556 Comments

  Refresh
agNau
Jul 22, 2012 - 11:21pm

Nothing quite like humility.

https://tinyurl.com/brschyy TIMMAH IS BACK! Transparent like "Hope and Change". This is nothing but a group of Gangsters!

single6
Jul 21, 2012 - 4:01pm

about the swiss example.....i agree

https://www.youtube.com/watch?v=6nf1OgV449g

Youtube

Why Switzerland has the lowest crime rate in the world

single6
Jul 21, 2012 - 3:55pm

Jeff Synder his book is titled Nation of Cowards

Great book on Rights and guns. I book floored me when I first read it. Here is an older interview from lewrockwell.com

Interview With Jeff Snyder

by cstagnaro[at]libero[dot]it (Carlo Stagnaro)

Very often, anti-gun activists claim guns do kill people, while their opposers assure that guns, on the contrary, do save lives. Actually, real statistics and crude numbers seems to agree with the latter, as – among other – John Lott showed in his well known More Guns, Less Crime. Anyway, stats and numbers cannot answer the entire question; rights cannot lie on data books. One should also make a moral argument. Do people have the right to be free? In that case, do they have the right to protect themselves? Finally, do they have the right to use arms for self-defence? If so, it shouldn’t matter whether, according statistics, guns wither kill or save lives. The fact that one should be allowed to defend himself simply excludes that government disarm him.

We have talked of this, and much more, with Jeff Snyder, whose last book, Nation of Cowards (Accurate Press, 2001) is a strong case in defence of the individual right to keep and bear arms.

On September 11, 2001, the worst terrorist act in history was committed without any guns. The terrorists were armed only with knives and box-cutters. Some say that the hijackers found it quite easy to realize their plans; airplane passengers, in fact, can’t carry firearms. Even pilots and cabin stewards are unarmed. What about gun-free airplanes and airports?

The track record of gun-free zones is, how shall we say this, less than impressive: post offices, schools, and now, airplanes. The events of September 11 could not have occurred but for the fact that air travelers are disarmed, and airplanes are a Second Amendment free zone. In no other way could the terrorists have commandeered the planes with box cutters and pocket knives, turned them into flying bombs, and wrought such massive destruction of life, property, and our economy. This is not because the terrorists would have been afraid of being shot and killed by passengers, since they were obviously prepared to die. Instead, they would have known that they would not succeed in carrying out their mission against the World Trade Center and Pentagon, and so there would have been no point in trying that.

So it turns out that depriving people of freedom has its costs. It is hard to conceive of a more graphic illustration.

[...]

So, your rights, you do not need them! They cannot and will not help you, because no government wishes to recognize them (although it may make a show of doing so as long as it thinks it necessary, until most people can be brought around), and it is fine with the state if you spend your life attempting to compel the state to acknowledge and respect their existence. The question is whether you will act free or how you will use your freedom. But take care that you do not throw yourself away cheaply or needlessly, for such a one as the state; choose well how to create good in the world. Seek and speak the truth about what you know about the nature of the state, ignore the state as best you can, refuse its assistance, accept and fulfill your responsibilities instead of seeking ways to shift your burdens to others, and forge the social relationships you want or need to live as you would like without the state’s tender mercies.

[Read the rest here]

[Mod note: It IS an older interview, but please don't paste the whole thing.]

Monedas
Jul 21, 2012 - 12:58pm

Xty !

That black pan looks like a two-handled Camping Bidet, Gold Pan and Bacon 'n' Trout Fryer ! Never wash it .... it's bad luck .... and you'll never get rid of that codfish smell, anyway ! Monedas 1929 Comedy Jihad Roughing It

El Gordo
Jul 21, 2012 - 12:58pm

Home Cooking and Healthy Eating

From "The Loved One" circa 1965 - Taking her home to meet Mom.

Meeting Mom- 'The Loved One', 1965
Gramp
Jul 21, 2012 - 12:49pm

Chicks...

Hey Dr. J,

I would think the FEW extra $ to have your own chickens ( and skills to care for them) would be $ well spent. If you look at it one way, the predators were helping remove the older birds, which lay less eggs after 1 or 2 years.

Have you not noticed any quality difference from the commercial eggs to yours? Harder shell, brighter yolk, fluffy pancakes? Come on man!?

Can you imagine what may be concentrated in commercially grown, high output chicken eggs? Gives me the shivers.

Plus they will eat slugs, ticks, ants, spiders...

A step further.. my parents have a small business adjacent to their home. Out back they have the chicken coop, just visable from the driveway. One day a car pulls up with a young Asian couple, they were very quiet, just interested in conducting a small purchase, with no conversation. Large cultural divide between us... then the young man noticed the chickens, which my mom had free-ranging. He said

"This reminds me of were I grew up."

"Really?" I replied "Where's that?"

" Thailand." he said

Mind you, we are in New England! A wonderful conversation then took place about traditions, gardening techniques, family and much more. The chickens did it! They broke through the cultural barrier as wide as the ocean that separates our homes.

Uhh, Go Silver , Go Gold. there it's on topic! ( sorry!)

Jul 21, 2012 - 12:46pm

Brand New Thread

New and Improved, undoubtedly.

MonedasDagney Taggart
Jul 21, 2012 - 12:45pm

Monedas is "Banned in Banff" .... for life !

I dreamt Dagney was Bat Girl .... on "Green Flag" day ! Monedas 1929 Comedy Fatwas Done Cheap

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DayStarKatie Rose
Jul 21, 2012 - 12:36pm

GMO Feed

Katie, I am not questioning what you said about GMO food causing birthing problems. I am just wondering what evidence led you to conclude the birthing issues were GMO related.

DayStar

Jul 21, 2012 - 12:36pm

Ivars -re you keep asking difficult but interesting questions

First, this is an extremely important point, and succinctly put:

But its clear that e.g. Gates with his calls for voluntary, non-violent population reduction on the Earth clearly sees one of the dimensions that threatens the existence of this civilization in current complexity and life level for e.g. him.

​Few Malthusians volunteer to be the first to be slaughtered, or neutered.

Second, I think one would/will find that many here will be in accordance with the first part of this, that to squeeze much more blood out of this stone there is a drive toward one empire, and then the questions at the end will show where we yet differ:

The same about globalization, but clearly some limits of the system has been reached and its not enough to build many empires, there has to be now one empire ruled by one class to be effective for some time- but that will be built how?Who will rule? Is there a plan? Separate opposing plans?

My answers:

​Who will rule?

​It won't work out, and we will never have a single ruler.

​Is there a plan?

​Many, which also answers the next question:

​Separate opposing plans?

​You can bet your bottom fiat dollar that there are many psychopaths, and some who almost have the means, who would like to assume the role of Dr Evil.

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