The setup for the big trade

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Wed, Jun 26, 2013 - 8:38am
It's a mystery
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So markets aren't manipulated in the long run Mr. Armstrong?

What is long run? I can tell you that the economic data improvement this calendar year was the alleged cause of gold getting monkey-hammered and SPX flying incessantly. Then this AM the numbers come out that GDP Q1 was a complete joke and revised downward 30%!

So you tell me that markets aren't manipulated well the data sure as Hell is and in an algo driven world that matters..IN THE LONG RUN.

Wed, Jun 26, 2013 - 9:49am
indosil
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@Ilya

mail sent to you.

Gold missed your low by $10 i guess.....so u still long??

Pullback was impressive....moreso Rupee was slaughtered today...man waiting for that opportune time to buy..i saw $18.51 ...but didn't buy..shucks..from the moment that low was made..rupee just collapsed....Recovered a full 1000 bucks...damn..that's a cool $600 i missed out on

Wed, Jun 26, 2013 - 10:04am
Ilya Repin
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@Indosil INR broke down as

@Indosil

INR broke down as per email sent you a few weeks ago..

could take some time to recover.. next year sometime and then Super long INR/USD i think

Wed, Jun 26, 2013 - 10:09am
ivars
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From aesthetical point of

From aesthetical point of view silver resistance support picture is now perfect. That is all I can offer:)

Any future development must involve changing something which people have never challenged up to the present,and which will not be shown up by an axiomatic formulation. P.A.M.Dirac
Wed, Jun 26, 2013 - 10:10am
Ilya Repin
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and about

and about manipulation..

people sell and people buy.. we buy as we want higher prices? they sell as they want lower prices..

the problem is the society itself is sick and therefore so are the markets..

market is functioning perfectly IMO

and at the end of the day.. there is massive opportunity here for those that choose to educate themselves and get involved.

When this "manipulation" ends so will the living standards of a few hundred million people.. maybe wages cuts 50% bills up 50% food same... the "manipulation" is there to stop that happening..

I think in a few years people in our countries US/UK/EZ will be begging that the Gov control the markets to save them from its ruthless punishment... and we know where that will go.

It will happen

Wed, Jun 26, 2013 - 10:11am
Ilya Repin
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looking good Jimmy! TRADE

looking good Jimmy!



TRADE IDEAS setting up in my world

massive long Copper very soon. long on closes above 308 in 3 days time.

Long TLT

Long Gold/Long Silver very soon. Silver target 18.1735 Spot. (use stops obviously)

Short Crude under 95 for possible 8$ drop

Short SPX under 1600

(not advice and non of my signals are confirmed yet end of week we will know for sure.. just getting excited here )

Wed, Jun 26, 2013 - 10:13am
thatguy007
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IH&S on the 15min Ag

Look like a IH&S

NL 1905? What do ppls think?

Wed, Jun 26, 2013 - 10:19am
Ilya Repin
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I see it and hope it fails

I see it and hope it fails and makes a new low. Or triggers and fails at 19.40 and makes a new low

I think that will happen

:)

Wed, Jun 26, 2013 - 10:35am Ilya Repin
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That is an insightful post

That is an insightful post Ilya.

You might consider to copy it onto Main St so that more eyes will see it.

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Wed, Jun 26, 2013 - 10:39am
Ilya Repin
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I dont go to mainstreet.. too

I dont go to mainstreet.. too scary

Wed, Jun 26, 2013 - 10:57am
It's a mystery
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The Government is the enabler

but they are slave to the money changers and have been for centuries. They pull the strings. Witness what happened in Ireland.

Most remarkable of all is there is zero education on money up until post high school. It is not taught. Captured educators.

Wed, Jun 26, 2013 - 11:10am
It's a mystery
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The manipulation Ilya refers to is credit

When credit is money your society is doomed. Those fortunate enough to have cash and little debt will survive but most will not because credit is money.

And the people at Mises will tell you that is is simply impossible to avoid the implosion caused by a credit fueled binge.

As an aside I should mention that crude oil and distillates is the most favored way of keeping price levels high. Gasoline affects a lot of prices and so does crude.

Wed, Jun 26, 2013 - 11:29am
Ilya Repin
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No, i was commenting on the

No, i was commenting on the Manipulation that you were referring to, And that was not money as debt.

Your comments were about Aglos and TBTB manipulation stocks/PMs/FX

Wed, Jun 26, 2013 - 12:13pm
indosil
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@Ilya

Thanks once again.

Wed, Jun 26, 2013 - 12:23pm Ilya Repin
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Ilya

stocks move with credit. Undeniable correlation.

They are the same. It is how Warren Buffet made his money. the credit cycle and or binge if you prefer. That is what GDP is which is why it is a bogus metric. It is all about credit and so forth and so on.

Wed, Jun 26, 2013 - 12:53pm
Rui
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The most telling indicator so far is ...

option activity to me. A big GDX June put @ 27 popped up in May when it was still around 29. I saw it so I stayed off the market and "Bang" it went under last week right on time. Last Friday another big SLV Setp put @17 popped up and "Bang" it went under today. I didn't expect today's crash to happen this quickly tho. Keep an eye on GLD, GDX & SLV option activities.

Wed, Jun 26, 2013 - 1:04pm Rui
ACAD
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Options OI

Very interesting. How do you track options OI? Do you just happen to notice it changing, or do you know of a website that tracks this info? I use interactive brokers and it doesn't seem to have this functionality.

Wed, Jun 26, 2013 - 1:34pm ACAD
Rui
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ACAD wrote:Very interesting.

ACAD wrote:

Very interesting. How do you track options OI? Do you just happen to notice it changing, or do you know of a website that tracks this info? I use interactive brokers and it doesn't seem to have this functionality.

I check GLD, SLV, GDX option trading daily using my broker software. For historical data try this website:

https://www.optionistics.com/quotes/option-prices

The problem is it's not really "historical" in that it ain't keep data on expired ones,otherwise you'd still see the history on June GDX. Then again it's much better than having nothing.

Wed, Jun 26, 2013 - 2:56pm
GoldMania3000
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Seems to correlate with something AM indicated

Not that KWN is on, but this caught my eye. 2016. AM indicated he would probably be selling his PMs in 2016:) So let's see how this plays out. go long and stay strong

https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/26_As_Gold_%26_Silver_Plunge_Here_Are_Two_Remarkable_Charts.html

Wed, Jun 26, 2013 - 6:52pm
Colonel Blimp
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Another nibble

Long at $1222 - stop at $1202.

May not be the bottom but it won't take much to get a $40-50 bounce going..........

randomness