Select Stocks Send Signal

289
Fri, Aug 17, 2012 - 10:43am

Perhaps we have a new acronym on our hands? The SSSS. Yesterday, quite by chance, I noticed that several of the best mining stocks are making 6-month highs. Is this another signal that higher metals prices are right around the corner?

Yesterday afternoon, I opened an app on my phone that is programmed to follow the major indices as well as 15-20 miners. I only opened it to see how the overall stock market was faring (which is something I rarely do) and then I scrolled down to look at a few miners (which is something I do even less). A couple of them caught my eye. I saw GOLD (Rangold) first and noticed that it was pushing 100. Then I noticed AEM (AgNico Eagle) and thought it looked noticeably higher, too. I pulled up charts and saw that they are both at 6-month highs. Wait a minute here. Hold on just a second. Isn't it curious that two, top miners would be moving to new 6-month highs while the metals are still stuck in a trading range?

The last time GOLD was near 100 was last March when gold was near 1700. The last time AEM was $46 was last November, when gold was close to 1750. What does this mean? Beats the crap out of me! But seriously...this could be phenomena specific to these companies...OR...it could be just another sign of the impending resurgence and rally in the price of the metals.

The next question should be: Do any of the other miners look like this? Well, not really. I did find two of our old favorites that are perking up a bit following recent earnings "disappointments" and need to be watched.

And the HUI itself is looking better. I can't give an ALL CLEAR yet but...if the HUI can keep rolling higher and post a few closes over 460...there may finally be reason for optimism in the mining sector.

And, of course, any mention if the term "HUI" here in Turdland comes with the obligatory posting of the SMOKING HOT Carrie Underwood singing about it. (Neo-turdites should know that, to my partially-deaf left ear, "undo it" sounds like "the hui".) (And I'll never understand what she sees in that meathead hockey player.)

Carrie Underwood - Undo It (Official Music Video)

OK, after I wipe off the cold sweat in which I suddenly find myself drenched, it's back to business. In an absolutely stunning development, the metals surged this morning at the open, only to be CAPPED ONCE AGAIN near 1620 and 28.25. Though I know many of you are getting sick of this crap and are dying to see the metals break out, you must remain patient. Fundamentally, gold and silver are extremely strong and, even when left to their own devices, are poised to eventually break out. ( https://stream.marketwatch.com/story/markets/SS-4-4/SS-4-9338/) But, screw that. I don't want to wait much longer so maybe we can begin forcing the issue next week. Until then, here are graphic representations of our current predicament.

And I'm not sure which of these two stories make me feel more nauseous. You'll likely read the NYT story before heading off to barf and then return to watch the video before getting sick again. First up, all of the conniving, criminal thieves at MFingGlobal are apparently set to walk free. Hmmm, I've got an idea. What do you say you and I start an investment firm where we take client money and use it to place huge, extremely risky trades. Then, when it all breaks down and the clients lose their money (which they were told was "safe" and "segregated"), we simply laugh it off as "porous risk controls" and walk away. How do you think that might work out for us? Maybe just a bit differently than it has for the criminal Corzine and his merry band of politically-connected, reprehensible outlaws? https://dealbook.nytimes.com/2012/08/15/no-criminal-case-is-likely-in-loss-at-mf-global/?hp And don't forget that just last week, your Seventh Circuit Court of Appeals established as precedent that the theft of client funds is now completely legal. God Bless the U.S.A.!

https://www.businessweek.com/news/2012-08-09/bank-of-new-york-mellon-wins-appeal-on-312-million-lien

https://www.reuters.com/article/2012/08/10/us-sentinel-appeals-decision-idUSBRE87900T20120810

And then there's this. I found this video on ZH last night. It is a time-lapse progression of the ownership makeup of the U.S. treasury market. Note that, in 2003, the Fed had a nearly even ownership across the curve. Watch then how this progresses. Now, the Fed is nearly out of short-term treasuries but they have come to completely dominate everything with a maturity of 3 years to 30 years where they own as much as 70% of the market! Simply amazing. And disgusting! This is America, land of the free and home of the brave where capitalism and free markets create productivity by equitably deciding who wins and who loses. NOT!!!

Fed vs. Private Sector Treasury Holdings

Listen up, you witch. Your days are numbered. We're onto you and soon you and all of your monkeys will be sent scurrying into exile. Perhaps you will be lucky and be allowed the fate of that goon, Corzine. Perhaps not. In the end, it matters little. All that does matter is that the game is ending and you are going to lose.

Drago: You Will Lose

TF

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  289 Comments

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¤
Aug 17, 2012 - 9:23pm

P.Floyd * Time ~ HD

Time - Pink Floyd (1973)
tyberious
Aug 17, 2012 - 9:10pm

Sinclair

Personally, I think they are going to collapse the system this fall!

tyberious
Aug 17, 2012 - 9:04pm

Eyes wide open

Through the years I have learned that when the masses and the media say something about anything and anyone, its a lie.
I approach everything with a skeptical eye. The old adage applies, divide and conquer, it works well, look at the two party system.

ReachWest
Aug 17, 2012 - 9:03pm

Jim Sinclair

I do enjoy reading Santa's site - and certainly agree with his wisdom. Here's his latest short post:

Santa wrote:
Now the media has everyone looking at Jackson Hole for Bernanke to act.

That is not the way it tends to happen.

Regards, Jim
I do agree with what he's saying. Any massive action from the Fed will NOT be announced at some regularly scheduled meet-up. It will come late on a Sunday night after the ca-ca has hit the C-Bankers fan. This speculation about QE at Jackson Hole is pure noise. Won't happen. (IMO).
Dyna mo humtyberious
Aug 17, 2012 - 8:58pm

Tyberious

Louie< ah yes unlikely allied universal hater. Interesting! I wonder if he has been up on the mothership lately? haha. Turd needs to get with him for a pod cast. Whoa... that might work if he is willing to reach out to the general population. I feel sure Louie is all about shiny.

tyberious
Aug 17, 2012 - 8:41pm

Louis Farrakhan rants about The Rothschild, Central Banks,NWO

The game is rigged! Therefore it does not matter who you vote for. They have already chosen who they want in office. Obama ain't going nowhere! He will be the last president before Amerikkka is destroyed in a 3rd world war! For those that have eyes to see, ears to hear, and a good enough heart to feel. Unfortunately your hate and distrust of everything has blinded you from genuine people. Do you not know the difference between a wrestling fight, the New York times, and people like Louis Farrakhan who have woken up millions around the world and who are actively preparing for the economic crash? Where will you be? Investing in the stock market, counting on your pension funds?

https://www.youtube.com/watch?list=PLCD31A2557C613156&feature=player_emb...

You might want to watch this!

tyberious
Aug 17, 2012 - 8:41pm

@The Watchman

Thanks! That just reminds me of last years silver smack down! Wasn't it Johnson that said we stand ready to knock the price of silver down!

Prize Fighter
Aug 17, 2012 - 8:25pm

Thanks Watchman for the

Thanks Watchman for the detailed explanation. I knew it was more complicated but did not know it was that drawn out. What a nightmare.

Prize Fighter
Aug 17, 2012 - 8:13pm

Oh that's another good

Oh that's another good one.

The Archimedes' screw

Dyna mo hum
Aug 17, 2012 - 8:08pm

Stack

I watched ABC nightly news tonight and I am here to report that all is well in the USA. If I am not exposed to any other so called news I should sleep well tonight but with a little help from my pal Jose Cuervo. Fact or fiction I am with you and I dont know what to believe myself. I am just glad I had my paranoids removed a few years back but I think one is growing back.

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