some of you didn't get this..
resending. should be ok.
always check the website if nothing arrives by email..

thankyou

Aug 4, 2011

I posted on the site what is apparently a hoax article portraying a drunken Ben Bernanke, pouring his heart out in a bar. There's some foul language used by the author, so keep that in mind if you read it on the site. It may be a hoax, but I personally believe the writer captured what may really be in Ben Bernake's mind, or at least in the minds of those close to him. The "Dr. Pinocchio Comes Clean!" story may be a hoax today, but what about in 2012-2015?....
Morgan "Triple Sell Signal" Stanley has some concerns about 2^nd half growth for India. Chet Ahya is managing director and Asia Pacific economist for the firm and he says, "Near-Term Growth Outlook Deteriorating Rapidly. One by one, all the growth engines appear to be heading for a simultaneous slowdown. Indeed, our leading indicator for growth - M1 (narrow money measure) - is already signaling a slower growth trend ahead."
Ironically, most analysts in the "short the Dow, and do it now" community seem totally nonchalant about the loss of momentum in the stock market. Many are issuing buy signals, which I find totally bizarre. I have a sick feeling that the banksters have a very negative surprise in store for Elmer Fudd Public Investor in the stock market.
This is a multi-decade crisis. I think Fudd is going to be reduced, both financially and emotionally, to, quite frankly, a grovelling worm. He'll look like somebody that has had their soul ripped out of them. The "sparks of hope" years will grow fewer, and the rallies in the standard of living bear mkt will grow more feeble.
If you look at a chart of gold against the Dow, gold against the dollar, gold against real estate, and gold against the bond, those 4 charts tell the 99% of the story, in pictures, of a non-stop standard of living destruction freight train, with the gold punisher in the driver's seat. For Fudd, the last train stop is the breadline. There is no solution, there is no recovery. There is only... PAYBACK.
Morgan Stanley(MS) notes that govt spending in India is growing at about 20% a year. That's enormous. MS is betting the govt cuts spending in relation to GDP. That could accelerate the already "rapidly deteriorating" growth situation. MS sees growth continuing to weaken into late 2012 and 2013!
They don't see inflation moderating and instead see more rate rises from the Indian Central Bank. "In case a slowdown in growth persists for more than three quarters, the risk of it becoming more vicious will rise, as the banking system could see a rise in non-performing loans, causing risk-aversion among lenders."
Does that sound like a stock market buy signal to you?
India's govt is doing some things that in the very long term should be very positive for the stk mkt, but I'm talking about many years down the road for these policies to begin to take effect.
MS says China could be in for a "6 year soft period". Six years ?!? If India and China are both in "soft landing" mode, what are the ramifications for the US markets? I believe the Dow will eventually hyperinflate, probably to around 30,000, but the banksters don't like the idea of having Fudd on board as that happens. You just witnessed the absolute mauling of the gold community in May/June, successfully sending many very long term gold stock investors into the dollar, just as the possibility of the gold stocks parabola suddenly becomes the most probable since the bull mkt in gold started.

11.If the banksters did that to the gold community, do you think they might have something similar planned for the public in the general stock market? Personally, I don't know, but I know this is crash season and I don't want to find out the answer the hard way.

12.The Dow has experienced a gargantuan rally from the Oct 2008/March 2009 carnage sell-offs. I got the meat of that rally, while Fudd is back to around break-even on what he bought at the top in 2007 and pretending he's at break-even on what he bought in 1997-1999. A fall from here would break him, with both time and price being factors in his breakdown.

13. Look at the oil price. Oil is telling you that China is slowing and India is slowing. By the way, few people know the role that Morgan Stanley played in the Chinese real estate boom. It was large.

14.Question: If they played a large role in creating it, could they play a large role in... dampering or destroying it?

15.Back in February, MS issued a low probability prediction that Chinese growth could cut in half due to the central bank tightening.

16.Another question: MS said that a 50% haircut in Chinese growth could send oil to about $82. It's $91 now. If oil fell another $10, would that mean Chinese growth is tanking? I think it is slipping, not tanking.

17.But I think MS is correct that the "soft spot" could be long in time. What would Fudd think if his stk mkt price plop spent another 6 years in this price zone, or lower? Worse, what would he think if the "soft spot" morphed into a terrifying dollar crisis? Like I said, there is no solution for Fudd. There is only more pain, and more, and more, and more. He's boxed in beyond his biggest imagination.

18. The gold rally from $1478 is now $193 in size, basis tagging $1671 yesterday. It's already almost $90 down from here, to the nearest sizable HSR at $1578! Tomorrow is jobs report day, but so far there is no pre-jobs report sell-down of gold.

The current period in the gold market is starting to remind me of the move to $1225 from $905. As price just "refused to correct", I started getting letters rationalizing why investors just had to buy. Sin by the amount required to kill the price plopping emotion, and not one cent more.

20.If we move higher towards $1800 from here, I expect those types of letters to appear. The rationale will be stronger, since, "if I don't buy now I could miss the parabola!"

21.Question: If you bought nothing into $1578, $1478, or any of the other zillion "stand aside this could be bad" sell-offs, do you really think you will survive in the parabola zone buying after a $300 upmove to say, $1778, from $1478? No, you'll be burned like a moth flying into a blast furnace.

22.Those who bought into $1225 were stunned when it was revealed that Barrick just completed ending its hedge program. Barrick ended its hedge program by buying LONG gold futures on the comex. Once it had bought enough contracts to cancel out the OTC derivatives shorts it carried, Barrick stopped buying. Do you think the banksters shorted gold in size, on the other side of Barrick's trade as that occurred, since they handled the whole input and exit of the hedge program for Barrick?

23.Of course they did. You don't know what surprise event could blow down the gold market at any time, but you can step your professional preparations to manage the event, when it happens. Most analysts in the gold community thought Barrick would be destroyed by its hedge program.

24.Barrick made a lot of money in the beginning with the program, and when it turned into $5 billion in losses with the banksters on the winning side of that trade, Barrick sold $5 billion in new stock to a crew of wieners and used a big chunk of the $5 billion it received to pay off the banksters. So much for "we got 'em now" play number 1 zillion for the gold community against the banksters. Don't think that the banksters aren't working on new plans to pick your pocket in the gold market, and take your gold!

Gridtime. Stay "PRO" out there. A major gold hit looms, but from where, and exactly when, we don't know. You're going to have to be prepared to eat more pain on gold and gold stock positions when it happens. Don't try to sidestep the hit. Don't try to flip trade your core positions or you won't make it. Build your pain thresholds and endure your way into... the parabola zone!

Thankyou

Cheers