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Perdition is defined as utter loss or
ruin… the loss of the very soul;
being banned to hell and damnation by deliberately throwing
it all away on a furious path of self-made destruction.
Politicians, central bankers, and Big
Boy private bankers are at the oblivious end of their golden road of
bond-binges and currency printing. All that remains is the final act of this
decade long tragic comedy as these folks march down their trail to self-made
economic doom.
This will not be the end of the world,
but it sure could be the end of some national budgets and currencies, and a
worsening unrecognized global depression, resulting in a new world war to
produce a jobs program designed to escape this mess.
These banksters
know how it ends and so do most of the smart folks on the street. However, as
they struggle to keep this game in play, the unraveling results of their
nefarious schemes are viciously slamming the little people: those consumers
on the streets. This is a latter stage signal. A
road ending lies ahead with a leap off of one very high economic cliff.
From taxpayer largesse and beaten-down
shareholders these psychopaths enjoy generous perks, magnificent salaries,
limousines and first class accommodations for travel. They attend useless,
endless and meaningless meetings. These confabs and conferences are designed
to further the pretense that they really do have a purpose in this world which,
in reality, they do not.
It’s all just a major league
corruption game to keep the pestilence of wholesale fraud permanently
embedded into the economic system. This is an underhanded plot of intrigue
deliberately designed to be used as a political and business agenda in a
never-ending scheme of robbery conducted on a scale never before seen in
history. However, it is coming to a hard close and a very bad ending sooner
rather than later.
This time these boys and girls out-tuliped Tulip-Mania and out-bubbled John Law’s
infamous South Seas Bubble. This baby is the mother of all scams: el
Enchilada Grande of global crime… and it’s all out in the open
for the whole world to see. It’s the perfect unstoppable crime as the
street majority enjoys the receipt of gratuitous payoffs one way or the other
in return for votes for clowns and crooks.
The scam works like this: Taxpayer funds
are ripped off from hard –working folks to fund the game in an
extravagant orgy of endless prolific spending. Those funds are in turn
scattered among the herd for freebie handouts. As long as the useless idiots
have cable TV and lots of free stuff to fund their pathetic existences, they
vote for their Sugar Man, popularly known as Uncle Sam. And he, of course,
controls the funds: who gets paid what and who receives certain favors.
Big money corporations and fat cats
donate heavily to politicians, buying influence and tax breaks. The Congress
does not do its job and they only vote as they are told by lobbyists (who, in
fact, write the House and Senate bills for these elected idiots who are doing
the actual voting). This is a circle jerk of “pass the cake” and
“steal the money” and those who take the first slice enjoy the
largest payoff amounts.
Cash Savers and Economic Conservatives
in Germany Are Under Attack
Germany has a very long history of
thrift, hard work and production of manufactured products shipped all over
the world. Since their banks did not engage in toxic housing loans and
derivatives and other kinds of very risky loans placed by other international
banks, they are ranked number one in the Euro-land membership. Both the
German national government and the citizens of Germany are currently the most
economically sound in Europe.
As a result of this positive condition,
Germany, as a member of Euro-land is a cash grab target and is looked upon to
be the beneficial savior for all their non-saving and wasteful neighbors who
are primarily located in southern Europe (where those economies are a massive
wreck).
German citizens, in response to these
shrill howls, are saying “Nein!” They are just plain tired
of being the paymaster for those who spend like drunks and assiduously avoid
work.
Euro-land central bankers, the IMF, the
World Bank and numerous others with banking and political influence are
piling on the pressure for Germany to reach out and save their collective
neighbors to prevent a crashing failure of the grand Euro-land experiment.
That stupid idea was destined to crash and burn from its inception.
In our view, why should hard working
Germans pay the vigorish, the “interest
juice” to a bunch of crooked bankers who made bad loans? Those lenders
thought those loans were bullet proof since the respective national
governments were standing behind them. Guess what? Those TBTF (too big to
fail) governments standing behind the loans are insolvent. They can no
longer sell their crappy smoke-and-mirror bond paper!
The game is up and D-Day or debt day is
nigh. We say, let ‘em all go broke and start
over, writing off trillions in paper bonds, notes, bills and currencies. They
will never get paid anyway; they just want the game to stay in play to
continue their free and glorious ride to a bankers’ land of plenty. We
say, let’s do an “Iceland”. We can write it all off and
stiff the banksters! What would they do, sue the
national governments?
More likely the governments will be
suing them for fraud.
Combining a wide group of nations with
vastly differing economic conditions seemed to be a no-brainer failure to us
back in 2003. With 17 countries involved and all of those different languages
and cultural differences, how could it be possible to make everyone equal,
particularly on the economic front?
As we write this essay on June 25th,
2012, most markets are oversold and readying to base and rise.
However, during the last trading week of June 25th-30th, we expect further
volatility and disruptions before things settle down and begin to trend
enough for reasonable trading and investments.
Expect more hard markets’ selling
that could arrive next week, producing double bottoms on many charts before
new rallies. Be aware and be alert.
We expect gold bullion to retrace its
price from its current low back to $1,736.50 (as a minimum) in the
third quarter of 2012. There should be much wider volatility in the markets
in the fourth quarter of 2012 based upon the United States national election,
related political lawsuits and media coverage, as well as normal technical
and calendar cycles.
Gold investors of all stripes (including
futures traders, shares traders, shares investors and options traders) need
to understand we could see what we would call “normal” wider
trading ranges with increased volatility. This trading range expansion will
continue until a crazy high top is finally posted for precious metals.
We should have numerous normal events
and non-standard political/economic disruptions imposed over the regular
technical and annual trading calendar. This produces markets more difficult
to trade as to trend, timing and routine logic. It is incumbent upon us all
to find the best of the best and to clearly understand exit strategy before
installing a new trade or investment. Those managing risk will be ultimate
winners in this convoluted and erratic trading environment.
We think solid producing companies that
are able to self-finance, as they move forward in this market place, will do
better than those that are under-funded and must sell more equity to
continue operations. The higher quality junior exploration and discovery
companies that have two to three years of cash in the till and who own a
quality property that sits next door to a senior miner who’s hungry for
new resources, should find themselves in a good spot for 2012 and 2013.
Our highest predicted gold price
forecast for 2012 could land in the last quarter matching the previous high
of $1,923.00. There is a potential for a trading overshoot to $2,000.00
resistance. In 2013 gold might touch $2,250.00 to $2,450.00. Silver prices
have been depressed but could rise to our 2012 forecast of $38.48 this year
with an overshoot potential to $44.48 to $48.48 in September.
Our dilemma in forecasting higher prices
is the inability to plan for unknown fall election influences. Added to that,
the potential global stock market crash that is expected September 23rd-25th,
2012, the messy negative press and acrimony falling out of the election
season and credit trauma in Europe gives us a magnificent market disarray to
untangle.
We think “can kicking time”
is about over for Europe (especially for Greece and Spain). Either some of
these broken nations drop out of Euro-land or the entire global bond system
goes broke; and in that case, it wouldn’t matter much which way it
goes.
We are entering three very
market-sensitive time cycles. Those would be June 25th-29th, the latter half
of July and September 23rd-25th. With the election on November 6th all market
controllers and politicians will be working hard to keep everything related
to markets in play and positive as much as possible. If they fail, we think
failure will occur on the above September dates. If the markets stay together
through November 6th, we could see follow-on selling after the voting or
after the December holidays.
Read Adam Fergusson’s book
entitled When Money Dies to discover what happened in the Weimar
hyper-inflation and what happened to Austria’s 400 member parliament in
1918-1920. If you thought Germany was slammed, read that book and learn how
Austria was in even worse condition as the country went totally insolvent and
then was put up for sale to the highest bidder. We would strongly suggest
reading this book to the naughty crowd discussed above. There is not going to
be a pretty ending for this government banker sector known as Bankster Land.
The advice we can offer is to expect
nothing from these situations and hope for the best. Take care of family and
friends, invest in hard assets and daily necessities and soundly cut back
your standard of living. We all have things we could do without and would
probably be the better for it. Be careful out there. Control risk first, but
work at enjoying the simpler things in life.
More than ever, it is important to take
immediate necessary precautions to protect yourself and your family and
friends. Traders and investors should be buying precious metals and select
shares right now. In our newsletter we have a great list of trading and
investing ideas for you.
Meanwhile you can never go wrong buying
physical precious metals and holding them for security. We’ve had a
constant run of nearly 12 years with gold rising +15% per year or more, so
this remains a good trade. In the last 12 months, gold rallied over 34% and
is going even faster. As outstanding as those numbers are, silver could be
doing even better. Inflation-adjusted gold should be about $2,350.00. For
now, charts are telling us the final top is nowhere near.
It’s not going to stop anytime
soon. In fact, we predict those annual percentages will rise even more. This
offers a chance, arriving only once in 25 years on the historical commodities
cycles.
Roger Wiegand
www.webeatthestreet.com
Contact Claudio Bassi, at Trader Track’s New York City publishing
offices for a trial subscription. Call
718-457-1426 Monday through Friday, 9:30am to 5pm or,
e-mail cbassi@miningstocks.com
Recommendations made in “Trader Tracks”
are exclusively those of Roger Wiegand and the
publication is also exclusively the editorial content provided by Roger Wiegand. TAYLOR HARD MONEY ADVISORS, INC. (THMA)
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summary of investments should not be construed as advice to meet the needs of
any particular reader or subscriber. Opinions expressed in Trader Tracks are
statements of judgment expressed at the date and time they were written, and
as such, are subject to change without notice. Roger Wiegand
is not a CFA nor an investment advisor, but a private individual who studies
the markets extensively and offers summary opinions. Before any type of
investment is made, you should always seek advice from your attorney, CPA,
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amount of money in a very short period of time. The amount you may lose is
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or by e-mail rolson@jacksonolson.com Contact Jackson-Olson Commodities, LLC,
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