If we are in a seasonal/cyclical world, which we are, we should be consolidating further throughout the summer. Based on the cycle alone, September should be the break out.
That being said, we may have to dodge an equity SLV/GLD ETF liquidation.
The past 6 weeks have been like a fart; you smell the shit for a while than it airs out. Some farts linger around more than others. We are still in the aftermath of a bad fart. Could August/September be when we open the window and let the fart out to the upside?
More to come later, I'm exhausted.
sgs: "we may have to dodge an equity SLV/GLD ETF liquidation"
ReplyDeletecare to expound or to elaborate on what your source said the other day in regards to slv? Would be most curious to hear anything.
Basically, the Frank-Dodd bill is going to cause a HUGE fart when their respective July 15 law takes effect. No more betting on futures? so the large hedge funds will sell.. taking things down, then the buying will commence and by Sept. smellin' like a Rose (keeping in it's cycle). My interpretations may not represent actual future events.
ReplyDelete@SGS
ReplyDeleteHey bro, check out what this fag Weather Unit posted earlier on his blog...
http://thenewsunit.blogspot.com/2011/06/mrsilvergoldsilvers-wife-doing-videos.html
Pullin your wife into your dispute with him...fuck man, thats some pussy shit to do. Fuck em up.
Bill Gross - Gets Sha-fted (Smoked) (Baked) on Treasuries ! ???
ReplyDeletehttp://www.youtube.com/watch?v=sNK_5q3t8Xg
After Getting Smoked On Treasuries, Bill Gross Joins The Ranks Of Silver Market Conspiracy Theorists
Read more: http://www.businessinsider.com/after-getting-smoked-on-treasuries-bill-gross-joins-the-ranks-of-silver-market-conspiracy-theorists-2011-6#ixzz1QLGYstDc
http://www.businessinsider.com/after-getting-smoked-on-treasuries-bill-gross-joins-the-ranks-of-silver-market-conspiracy-theorists-2011-6
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ReplyDeleteWU, you truly amuse me, I thought you were some big holy roller god squad myth mind ... but your conduct belies that, schizoid describes you best. Go chase a typhoon and ride it into a cactus.
ReplyDeleteon another note, Dan Norcini said silver could hit $30 next week
WU: you are such a fuckin child go away fuck if I ever figure out how to ban names on here it will be a godsend you fuckmit.
ReplyDeleteHey weather unit... you either incredibly smart, or incredibly stupid. Thanks for the addy, whether its yours or not, when shit hits the fan, i'll take a little drive up north just to see if its really you or not, and if it is, i'll be payin you a nice, teflon coated visit. Drop your ass of in the field across the street from ya and burn your house to the goddamned ground. Wanna fuck around? Huh? Do ya?
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteIm no more curious than anyone else reading this. Truth of the matter is, nobody on this site gives a fuck about you or your blog. 0 comments on every thread. Bunch of regurgitated ancient news. I wouldnt even waste a .22 round on you. And no, Im not givin you my address, though I could have givin you a different address and said it was mine and you wouldn't do shit either way. Your a fucking idiot dude. Go polish off a bottle and think about how stupid you really sound. Fuckin cunt.
ReplyDeleteOk, so I bit. Went to WU's channel and right off the bat called his bluff. WU secretly stacks silver because he does, in fact, understand that paper bills wont hurt when you throw them at someone in self defense...
ReplyDelete@Colin: You have a link on that dan Norcini 30$ silver?
ReplyDeletespencer,
ReplyDeletehere it is, it was his worst case, but he wasnt denying it ... def thinks 32.50 could be case too ...
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/6/25_KWN_Weekly_Metals_Wrap_files/KWN%20Weekly%20Metals%20Wrap%206%3A25%3A2011.mp3
DONT PANIC. @$30, @$20 whatver, dont give back your Precious Metals. That is their endgame. YOU own it now, not them. Cash for Gold? (Tree bark for Precious Metals).. And the sheeple get scammed.
ReplyDelete"then" not "than"
ReplyDelete@Colin: thanks for the link. I just wanted to know when to back up the truck if I can find the phyzz
ReplyDeleteI see two things here... Jim Sinclair and Marc Faber.
ReplyDeleteIt looks like Jim Sinclair is on the "flight to safety" viewpoint where QEII ends, the market drops way down, and then Bernanke panics and gets QEIII underway within the month. In this case, the money that is normally put into the markets to keep it where it's at would only be enough to stop its drop, level it out, and MAYBE get a slight rise out of it, but to get it to climb higher out of the hole would be much more required. That would send gold/silver up as people remember what happened last time and instead of fleeing into the dollar, go into gold/silver.
Part II follows...
SE
Part II...
ReplyDeleteMarc Faber, on the other hand, seems to be on the "flight to liquidity" side, which is basically what seems to have happened in 2008. Markets drop badly, and participants have to liquidate to cover their losses. Liquidation will include gold/silver. It seems to be, though, that Marc is counting on a moderate drop of the markets overall, and later in the year, Chairsatan may decide to start QEIII, giving a decline of gold/silver for 3 months until QEIII starts, and THEN gold/silver starts their rise. It would be nice if this one happens, as I plan on having dry powder for three months for exactly this reason. If Jim is right, then I can just keep working my bills for supplies down.
I sure as hell hope that all comes to pass within several months. I don't want to be at my job any longer than I have to. I'm ready to get out. I've had enough for a long time...
Which do you think will happen, SGS? Or do you have something else in mind?
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Spencer, the phyzz is at your coin shops. They couldn't be out of them... Where I live, there's plenty of it... Every time I go in, it's two-three other customers, and there is almost always at least one SELLING, not buying. None of this, "line going out the door, begging me for silver to sell to them." Completely calm. I'm going to ask everybody something here in the next post to make sure I have room to paint the picture...
ReplyDeleteSE
Can anyone tell me what's going on? Here's the deal... People are telling about how the world is going to come to an end in the next few months to years. Prices are going up in some ways, and going down in some ways. However, I step outside, and everything seems NORMAL, with a few exceptions. In 2008, we had a few banks go under around here, which I knew about in advance. In 2008, our company was impacted by the crash, but not like Target or Walmart. Some shopping strips remain mostly vacant to this day (has been this way for 3-5 years already). These are the exceptions.
ReplyDeleteHowever, I would like an explanation for why our business is rocking. Our sales number went like this (my store only): 2008 - we were hit hard in the fall; 2009 - we dragged along; 2010 - we did MUCH better and ended up with DOUBLE the bonus we sales people normally get after the year (which I have never seen happen before); 2011 - we are doing even better, and weekend foot traffic even appears to be how it was during the housing boom. They're going everywhere - overseas, Philmont, Alaska, South America, you name it.
Why is this happening if all the pundits are declaring the end of the financial world as we know it? Where is the damn money coming from?
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