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New Trader Shoes
You may want to invest in these shoes to cross this minefield called the Precious Metal trade. It seems that every bullish move is met consistently with a sentiment crushing reversal with a seemingly endless consolidation phase………well……WHAT DO YOU EXPECT??? This is the most OBVIOUS…OVERHYPED……OVERBOT….move in the most recent cyclical bull move within the long secular bull move. So of course you are not going to get your immediate gratification moment with a clear trade dropped on your lap. Although I will have to say the recent overbot move on the miners was a clear enough signal for most traders to take some profit. I made some moves that were small and continue to hold. Let them play these games. The real game is in the bullion pits. Its being played at a level that we are not capable of participating in…….WRONG! Even though you get to listen to stories about the large Sovereigns and Hedges and Central Banks ALL buying physical gold….DON’T think for one moment you cannot play this game. In fact this is the very game you want to be playing just like these players are.
The desperate balancing act of the PTB to maintain Bullion price balance and fiat printing is EXACTLY what is giving you more time to accumulate your position in physical metal. Part of the manipulation involves the ETF products that provide black hole for fiat to be poured into, falsely believing they are holding physical metal. On a side note the products like NUGT GDX etc. also divert fiat from the metal and miners. These are very important products invented by the PTB that exist to prevent an “OVER-RUN” or “Breach” of the physical and miner markets. With liquidity at extreme levels there must be large black holes created to absorb the excess fiat created that wants to “invest” in this safety trade. Not to beat a dead horse but there is going to be a day of reckoning as these bastardized vehicles when the unwitting participants try to get out of a very small door. This event will provide a massive move in the actual bullion price and miners shares. I might as well bring up the “allocated” shares issue here as well. Most of us have probably read articles on this already but I have to repeat that you can increase your “insurance” in your brokerage account by having your brokerage send you the actual stock certificates of your mining shares. This is advice that is very difficult for the swing and day traders to head so each of you will have different responses.
The next few weeks should see another large move in the miners beginning so your agony is nearing an end. This may start out with a whimper just as the last big move did, but nonetheless it is near. The money printing is not going to end this year or next so the trend in the miners will remain up. The short term path is going to be the only question. BTW the election is only a diversion. Its already been decided. Obama WILL be elected contrary to illusion there is a horse race. Remember……these events are no longer left to chance….gl
2012-10-15 01:01:11
Source: http://kliguy38depression2news.blogspot.com/2012/10/new-trader-shoes.html
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