Friday, March 22, 2013

Ohhhhh, sequester is so scary.

Hey at the bottom a few Precious Metals Charts, they are miners

Be happy the slo motion train wreck is slow!

Funny how media is pimping out the most scary effects of the so called sequester.

Oooohhhh, scary, looks like a big airport will close the tower and planes will crash
Maybe big bro bama can save us with more extreme money printing and unrelenting trillion dollar deficits.   Creating inflation which EVENTUALLY is just as bad as the Cyprus direct ripoff.

If the airline "system" cannot pay for all the required services involved in the process of air shipping and air travel, then the whole equation is wrong.    Maybe we need more local and cottage industries with easy delivery of raw materials and finished products.

We need a paradigm shift,  a major change, not small incremental changes.  

Small incremental changes will not fix what ails us.

From BPT, Gold in a Gift Basket

Gold, Silver stocks

Title: click to show comments/chartsHere's some of the gold/silver charts I had in the weekend newsletter, I've included daily and 60 min charts, a lot of the 60 min charts have potential inverse H&S patterns.  keep an eye on the ratios
Also Here's a short video on using the Ratio for a tool on the PM stocks
click here to watch the video
RGLD - Chart Link
SVM - Chart Link
CDE - Chart Link
CDE - Chart Link
EGO - Chart Link
BVN - Chart Link
BVN - Chart Link
ANV - Chart Link
GG - Chart Link
SSRI - Chart Link
RIC - Chart Link
EXK - Chart Link
RBY - Chart Link

From Huffpost comment

The Military Industrial Congressional Complex is on the way to certain extinction. Replete with hierarchies that are exceedingly wasteful of human talent and energies, intertwined with toxic finance, codependent with political structures that are losing democratic legitimacy fast, a form of post-capitalist, decentralized governance must, sooner or later, emerge. These fascinating developments are bound to turn the autocratic Soviet-like megaliths of today into curiosities that students of political economy, business studies et al will marvel at in the future, just like school children marvel at dinosaur skeletons at the Natural History museum.

“The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance of foreign lands should be curtailed  lest the Republic become bankrupt.  People must again learn to work, instead of living on public assistance.”  Marcus Tillius Cicero, 55 BC

And as Jester X on Slope has stated so elequently "Get Ass Long Miners" now

Wednesday, March 20, 2013

Safes for your Mullah and Gold?

Seems like fire safes are way more expensive than they used to be, this one is  $580.

I had a Sentry safe that was anchored down with (4) 1" stainless steel all thread set into concrete.   The safe was in a closet so that the only access was from the front and top.
The small 1" gap at the bottom of the safe would have left the stainless steel all thread exposed to a reciprocating saw, so I put a blob of epoxy to close off the hole/access for cutting.

For those in the know...stainless steel will completely dull a fast moving reciprocating blade in just seconds.     So even if a theif got to the hold down bolts, they would probably fry blade after blade.    The trick is that stainless steel needs to be cut very slow speed, and then the blade will last normally.

OK so that is my well protected safe.    It stopped opening.   After a few rounds with tech support from Sentry, which was pretty good, we all determined  that it was a lost cause.

I described the installation details to the tech support lady, and told her that I was a contractor with all the tools.   She suggested that I call a lock smith, and that she could give the "drill points" to the lock smith, which would destroy the safe.   I told her I am not going to pay a locksmith $150 to $200 to destroy my safe.    She wouldn't give me the drill points.    I told her I was just going to take a grinder and reciprocating saw and hack away until I was in, but that I was concerned that I might damage important papers inside the safe.   

She indicated that those tools were probably overkill and could damage the contents, and that most people just pried their way in.    She stated "it might not be as hard as you think".

So being a contractor, I got all of my pry bars and a few other tools and started to attack it.   I took out the shelves that were above it, so that I had at least one direction that I could pry into.   These was really helpful to have one pry direction.   For my next safe, I will build a permanent shelf or obstruction to preclude an easy pry direction.

I got into the safe in about 25 minutes, with no damage to the contents.   I started prying on the top because the tech support lady told me that there was only 1 pin on the top, and 2 on each other side.

There was also nearly no noise involved in the process.   A neighbor would definitely not have known that a safe break in was going on.

Moral of the story?    If you are buying a cheap safe (? under $600) don't put too much faith in it.    Don't put $50,000 in cash in, don't store even 3 gold coins in it.   

Real safes have solid steel doors and sides, they are very heavy and very expensive.   

Total "Assets"

I saw these on The Daily Sheeple, a prepper conspiracy site.

Maybe Ill get a chance to chart this.

The following is the global financial pyramid scheme by the numbers…

-$9,283,000,000,000 - The total amount of all bank deposits in the United States.  The FDIC has just 25 billion dollars in the deposit insurance fund that is supposed to “guarantee” those deposits.  In other words, the ratio of total bank deposits to insurance fund money is more than 371 to 1.

-$10,012,800,000,000 - The total amount of mortgage debt in the United States.  As you can see, you could take every penny out of every bank account in America and it still would not cover it.

-$10,409,500,000,000 - The M2 money supply in the United States.  This is probably the most commonly used measure of the total amount of money in the U.S. economy.

-$15,094,000,000,000 - U.S. GDP.  It is a measure of all economic activity in the United States for a single year.

-$16,749,269,587,407.53 - The size of the U.S. national debt.  It has grown by more than 10 trillion dollars over the past ten years.

-$32,000,000,000,000 - The total amount of money that the global elite have stashed in offshore banks (that we know about).

-$50,230,844,000,000 - The total amount of government debt in the world.

-$56,280,790,000,000 - The total amount of debt (government, corporate, consumer, etc.) in the U.S. financial system.

-$61,000,000,000,000 - The combined total assets of the 50 largest banks in the world.

-$70,000,000,000,000 - The approximate size of total world GDP.

-$190,000,000,000,000 - The approximate size of the total amount of debt in the entire world.  It has nearly doubled in size over the past decade.

-$212,525,587,000,000 - According to the U.S. government, this is the notional value of the derivatives that are being held by the top 25 banks in the United States.  But those banks only have total assets of about 8.9 trillion dollars combined.  In other words, the exposure of our largest banks to derivatives outweighs their total assets by a ratio of about 24 to 1.

-$600,000,000,000,000 to $1,500,000,000,000,000 - The estimates of the total notional value of all global derivatives generally fall within this range.  At the high end of the range, the ratio of derivatives to global GDP is more than 21 to 1.

Contempt of the First Amendment

A blogger noted the above picture, and made the comments below.

…..but he may not know he did it. Straight from the body language books – Da Bamer does this quite a bit, he has trouble with holding his contempt at press conferences.
My fascination with body language makes perfect sense once you understand the bigger picture….Normal behavior for me right from the books….

Amendment 1 - Freedom of Religion, Press, Expression.
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.


Tuesday, March 19, 2013

Fed Speak and a predicted H&S pattern

Wed tomorrow is Fed Speak at 2PM

I doubt that they will try to crash the market, With Cyprus brewing, they will be especially cautious of what they say.


Breakpoint Trades posted this possible pattern on Feb 22, and it is playing out pretty well,   

It is good to keep these medium term views in mind as the daily high jinks try to warp your opinion and get you in too soon and out too soon, and have too tight a stop.    Thats what the market wants from you, and of course, your money.

Sign up for BPT membership, its $240.00 per 6 months, and its tax deductible as an investing expense, so your net cost is probably $180.00 if you are in a 25% tax bracket.    That's $30 per month or less than the dollar menu per day.   

Sign up using the link on the right side, they give me some free membership time, which all helps.

And imagine a blog with real traders, moving real money, and no trolls, wow! BPT has that too, and I use it every trading day.

Right now, they are finding good Gold miners, and some juniors, the best patterns.

Trust me, it will be more healthy for your trading account than a 5 pack of chicken nuggets.

Cyprus has natural gas, maybe oil

Russia is all about oil and natural gas. They have Europe by the balls as a major supplier of natural gas through pipelines, Europe would be in a MASSIVE hurt if Russia stops the flow of gas.

 Cyprus has discovered a while back a natural gas find in nearby deep ocean worth several tens of
billion of dollars. It hasn't been exploited yet.

 Funny how Europe needs gas badly, and they are strong arming Cypress to

1) Rob their citizens
2) Privatize national resources (desalination, water systems, hmmm natural gas resources)
3) Increase corporate tax rates by 5 times what they are now.

This blatant grab by the EU may end up as a beneficial thing to open the eyes of the sheeple that the powers that be have NO SHAME. But probably not. I just spoke with a guy who follows politics, economics, investing, as a 2 career Fed worker. Asked him about Cyprus, and he said just barely heard about it yesterday but the stock market didn't tank so it's probably not a big thing.

 Bankers/Brokers of all sorts think that "Assets under management" are their assets, seriously.

 Same with governments, the sum total of accounts is tallied into "National Wealth" and they believe it is national wealth, not yours. After all, you didn't build that, someone else built that for you. And that someone else deserves your assets, because that's the socialist way.

Monday, March 18, 2013

Spanish Bank Run Setting Up?

Seems odd that this is playing out as it is.    Do they really want to cause a run on the banks?   Where are people going to put the cash?    Each family with $100,000 under the matress?

Well this guy is just a professor, but then again so is Bernanke. 
From Spain:  Professor of Economics, University Ramon Llull in Barcelona, ​​Santiago Niño Becerra, does not ensure that Spain is to apply a savings rate as that has imposed on Cyprus in exchange for bailout, but said it would be possible do and that "it is very clean, and not have to freeze all balances, which is a mess."

This is the Google Translate link. sounds very clean until the Molotov cocktails start flying.

Just saying "These Things Often Take Longer Than You Think" TTOTLTYT

But then once they start These Thing Can Move A Lot Faster Than You Think

He who panics first panics best.