Jul 22, 2011
Click HERE NOW to view the key oil chart as oil mauls the dollar into $100. $100 is a key round number, so it's kachingo time (again for you!), but not lobotomized top caller time.
You get your PGEN razor bade out, and you shave off a little bit of oil [sell ] here. $100 is a round number, not a "nobody will every use oil ever again, it's all over, sell, sell, sell!" short seller's pipedream point.
Note the 3 thick black HSR lines. Those are buy points [if “price falls into them”]. Note that price needs to fall into them, and the further price has fallen before hitting them, the more capital you allocate there.
Elmer Fudd Public Investor Clown can't allocate 10 cents to oil at any of those HSR points on weakness. Don't be a pathetic market coward like he is, or the banksters will do to you, what they are doing to him. Fudd thinks the wealth transfer that the banksters told him is a crisis.... is over. The fact is that the wealth transfer is about to go parabolic, and the only question is:
Are You... Onside?
I'll post a video on the site covering selling into HSR. Note my comments on the static oil chart I posted on the site this morning.
Amateur technicians sell into former tops as price rises a little, and do it with addiction. Pros sell into bottoms as price rises, because that is the real resistance. [??]
If there's no resistance above where price is now [as, e.g., with an all-time high price] , be careful about announcing to the universe that you are a superstar top caller and knowing the item is "super overbought". The top callers are overbought, not oil, and the only question is, can the banksters package Fudd, the Fundsters, and the Top Callers into an OTC derivative product and successfully market it to the Gman as a "quality asset that is here to stay"? Probably, and that's only partially a joke.
Price can rise in the overbought zone (and is likely about to do so for gold) for hundreds of percent gains, while the bozo patrol sells and shorts the item maniacally, like a heroin addict looking for a fix. Just say no to financial drugs.
Morris Hubbartt sent me what I think is the greatest chart drawn since the year 1999. He details a "Gold SuperHighway Chart" and I think it puts into a vivid picture, what Jim Sinclair knows the banksters have planned for the dollar, and thereby for Fudd. I don't need the chart, because I can feelthe parabola at hand, just as I felt it in 1979.
This time the big show could feature brief and repeated bank and market closures (except for gold and the Gman's paper currencies), so you want to have some cash on hand at all times so you don't look like Fudd, standing in front of City Hall demanding answers from the Gman, while the banksters hold a laughing contest amongst themselves, as they watch all the Fudds devalue themselves to the breadline.
"I held my dollars and made my mortgage payments right through the crisis, without fail, even though my house and dollars lost 98% of their value against the gold punisher, so I'm a crisis survivor!" -Elmer emaciated Fudd, July 22, 2015?
The gold bull market really should have just ended, but because absolutely nothing has been done to reduce the debt issue, a parabolic phase is now "in the cards".
It makes sense that the top callers just finished a maniacal selling frenzy into the lows, with various clowns putting forth "domes of doom", "it's 2008 again because my dog said so", and "it's [like]the top of the 1980 bull now, gold will crash" overlap/overcrap charts. It all provides evidence that gold is about to clean the dollar's clock, and send the debt-a-holics and Gman baby bottle suckers to the dustbin.
The pawnshop selling by Fudd is just the ultimate icing on the golden parabola cake. Selling in size by the public comes before major price rises. Every Fudd I know, and believe me, I've dealt with thousands of them, every single one of them is dead silent about gold, here and now.
Even though I'm telling them what is coming, they can't act, because it isn't in their character. The banksters know this far better than I do, and my partner, who has the best intuition about the banksters of anyone I know... he says the entire hit on gold in May was designed to clear the maximum number of wieners off the gold track before the banksters take gold parabolic.
Just from a common sense perspective, only an idiot believes the current price of gold has devalued the dollar to the point of making any of the OTC derivatives and unfunded liabilities debt even remotely payable.
What's needed is a gold price many many times where we are now, or the system implodes. Either Fudd is dramatically devalued, or the system implodes. There are no other outcomes. The banksters would be moronic to implode the system when the other choice is send gold into the stratosphere. Fudd is going to become so much poorer, so much faster than anyone seems to comprehend, as gold goes stratospheric.
Think back this week-end to what has just transpired over the past two months. Wave after wave of top callers surged forwards with tiddly wink charts and "I'm terrified, so you should be too!" actions. Gold stocks, basis GDX, were driven impossibly lower as bullion marched higher, the ultimate nail in the coffin even for those who survived 2008 without selling a share of stock. Huge liquidation took place.
Where did all the stock go that was sold? It went to the banksters, to me, and to most of YOU.
Where do you think all the pawnshop gold is going, into the sky? It's going to the refineries, and from there into the hands of Asians, central banks, banksters, and to....YOU.
How do you know the banksters aren't on the other side of their own $1600 August gold calls trade? That whole trade could be gold-neutral, not gold-negative. Nothing works to stop the punisher when she is totally unleashed on the dollar, and I mean nothing.
Gold rules everything in the market, but you rarely see her power. Did President Obama use a nuclear weapon to get Osama Bin Laden? You don't need a nuclear bomb to kill a fly, and in the biggest picture, the dollar is nothing more than a fly compared to the power of gold. Fudd pushed and pushed, denying what gold is, and so did the Gman. They had a chance to "settle up" with the punisher by $1500 gold, but instead they refused to face the evils of their freedom destruction and debt worship, and now the banksters are going to give these pathetic worms a taste of the real power of the punisher.
If you are not onside as this happens, you will look like an ant in a Phoenix dust storm.
Gridtime. Keep a clear mind and don't rule out anything. Gold is $1600 now. That took ten years from the low of $250. If the dollar goes off the rails, and it is appears set to do so very soon, gold could jump by $1600 an ounce in a month, or even in a day. Stick with tweaking the PGEN with HSR lines, and watch the leverage out there. You don't need to make more dollars with your gold. You need... more gold.