Thursday, April 4, 2013

The shape of things to come.....Capital Controls

 A cache of 2.5 million files has cracked open the secrets of more than 120,000 offshore companies and trusts, exposing hidden dealings of politicians, con men and the mega-rich the world over.
Huh, how did all these smoking guns files all get put in one place?

From the "you never know if your tin foil hat is thick enough" department.

My first thought on reading this article--we are being set up for capital controls.

Note that Huffington Post functions as a promotion board for an agenda that includes
  • Gun Control / Confiscation
  • Gay Marriage Rights
  • and whatever other agenda the current administration wants to promote at the time.

They are an effective Propaganda machine.   Whether this is diabolical in intent, or simply a coincidence of being liberal and democrat leaning, who knows.

But they sure seem to "prime the public" into a convenient sheeple thought pattern.

That said, they do occasionally give Obama a hard time, make him look bad.

A year or two ago, Big Gov came up with some language that required foreign banks to divulge information to USA gov or we would beat up their countries governments through various means fair and foul, and of course, beat up those banks that were mutlinational.   Much of the law was written very vague, and many bank were "scared" in not doing business with USA citizens, because the vagueness allowed any number of bad outcomes.

Recently they clarified these rules that were like 12 pages, with 800 pages.    I guess that is "an improvement".

With Cyprus shenanigans in the spot light, more and more people would like to diversfy the country that they hold assets in.    Big Gov is not dumb, they just act that way sometimes.     They want to scare people by being afraid to open foreign accounts, having complex reporting requirements.   They also want to villianize anyone having any offshore accounts, they will make Joe Sheeple think....hey its these offshore accounts that are evil, making my taxes go up. 

Its a full time job trying to stay a few steps ahead of this slow motion train wreck.

Wednesday, April 3, 2013

Dear Optimist.....

Dear Optimist, Pessimist, and Realist

While you guys were arguing about the glass of water, I drank it.

Sincerely, The Opportunist.

Tuesday, April 2, 2013

Bubbas Hover and buying some Silver

These are two different ideas, LOL!

PM Knockdown 2 to 3% across the board.

Usually, there has been a PM "rotation" going on, between Au, Ag, Pl, Pa (Gold, Silver, Platinum, Palladium).  

Today "they" did a heavy takedown on all PMs.     A scary enough takedown.   Even I felt a little gut fear of ruh roh....I am too heavy in PM's and its going into Pretcher Deflationary silver under $7!   Well "the fear" wasn't that bad. 

But that is the sign of an effective takedown, they drew quite a bit of volume on popping stops, but not CRAZY volume, and they did indeed knock me out of GG, and SVM which kept falling even after my stop was hit.

So I pulled up the supplier link from this blog....and premiums on junk silver are around 10% to 15% which is amazingly high.   Whereas 10 ounce bars and Rounds are about $1 over spot, or 3% to 4% premium, which is alot more reasonable. 

Seeing that I have more junk silver than I can carry, I think I have enough and won't pay a huge premium.  

But this is my target for a silver takedown, and here we are.    If silver doesn't hold, the breakdown could be severe, and I would probably hedge with short futures, rather than try to sell physical.  

Here is the charts that matter.  

Monday, April 1, 2013

Last Post

Hey guys and gals,

I just wanted to announce that I am moving to Chicago, I got a job at the Fed, my frat bro from Northwestern hooked me up and I want to start doing Gods Work.

I have also sold off all my PM holdings

and I am going to stop blogging, and try to support our government rather than criticize them

I will also be giving away my German Shepherds and guns, since I know that 911 will get me help plenty quick enough.


Silver at major support the B177

From the uptrend from 2008 we are near the bottom of the channel.

The black line, which coincides with the 2 blue line fallling wedge (which is normally bullish)

And coincides with a nicely shaped egg, which is bullish on the top side of the egg.

So either silver is going to rocket up, or break down badly.  

My thoughts are long physical, and if a breakdown, short futures to hedge.

TOS Chart Duration Fix

If your charts, especially on futures, dont go back as far as they used to.....

TOS started using "settlement" price instead of last price in their charts as a default, in a product update a few weeks ago.    But they haven't "loaded as much data on the settlement prices" so all the charts were only to 2010.    One would never think of navigating to here to fix the problem.   TOS support knew the answer right away.   Annoying though.

Here is the fix, change back to "last"

Sunday, March 31, 2013

The classics, FF, VOS, ACT

These are some of my favorites, originals from Hawaii Trading

A reader asked if I was still bearish on equities from last Wednesday paint of a huge hammer on the VOS volatility on steriods and indeed, the simple answer is yes.   Because on Thursday, another bigger hammer that dove to even lower depths, lower than VOS has ever been.  

Here are the charts, the final chart is the SPX superimposed over the ACT.    Certainly the SPX doesnt have to drop based on the ACT, but likely the overall asset classes will drop.  

The charts telegraph the news ahead of time.     Like the Cypriats at the top who got their money out of the country a few days before the news was broke.

And finally, some amazing stats from Breakpoint Trades.     Black Swans have been circling for years now.    The system is stressed, the odds say there is an EXTREMELY good chance the US Equities are up at the end of the year. 

California to tax high wealth residents who leave

From a blog --

There are recent proposals for an exit tax on high-income residents who leave California. For details see:

If enacted, California would follow in the footsteps of the old Soviet Union and East Germany in taxing people who leave the state.

Would a tax like this violate the US Constitution based on interstate commerce?

There is nothing in the US Constitution that specifically addresses the rights Americans to freely move from one state to another. My understanding is that right was spelled out in the Articles of Confederation, but was not included in the US Constitution explicitly. Would the right of freedom of movement be covered under the 9th or 10th amendments?

Stock here---you can look at the Articles of Confederation, and Constitution here

The AoC states pretty clearly, free to move around among States.

The better to secure and perpetuate mutual friendship and intercourse among the people of the different States in this Union, the free inhabitants of each of these States, paupers, vagabonds, and fugitives from justice excepted, shall be entitled to all privileges and immunities of free citizens in the several States; and the people of each State shall free ingress and regress to and from any other State, and shall enjoy therein all the privileges of trade and commerce, subject to the same duties, impositions, and restrictions as the inhabitants thereof respectively, provided that such restrictions shall not extend so far as to prevent the removal of property imported into any State, to any other State, of which the owner is an inhabitant; provided also that no imposition, duties or restriction shall be laid by any State, on the property of the United States, or either of them.