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Ninety
percent of the herd remains stuck in the old paradigms and phony numbers.
This trash is fed to the Sheeple daily to keep
deliberate nonsense in play. Stories and essays continue to pour out using
meaningless stats to prove a point that is totally irrelevant.
Look hard at
fundamentals and use technicals to discover
accurate cycles and timing for trading and investing. If you begin a
discussion with a grand set of phony facts based upon Big Boy
Banker’s and Politician’s Drool, you can never even
get close to an accurate answer.
In this
discussion, we suggest some common sense ideas to discover clear-cut answers.
When a banker or politician with an agenda (and that’s most of ‘em), offers some grand new idea, take the other side
of the trade. It’s especially important to be a contrarian when there is no
reason for someone offering some strident opinion. Shakespeare
told us, “The lady doth protest too much - methinks.”
Applied here, you can see that some wise guy is planting fictional news to
promote his agenda and most probably its nonsense, or the opposite of
reality.
The largest
packs of lies we can report are: determination of unemployment, joblessness
factoids, and the reasons why we are where we are. Here is some interesting
stuff to consider…
It has been
reported that the US work force is normally about 185,000,000 people with a
typically standard unemployed number at 5%. That is supposed to be the norm.
Okay; now consider that the official numbers of folks on US Government food
stamps is near 47,000,000. Yet, one often touted and reported “official”number of jobless people is 15,170,000
unemployed. Explain how those numbers correlate. It seems more likely that
those 47,000,000 getting food aid are either underemployed, or unemployed.
Even if you
cut the 47,000,000 in half and say 23,500,000 are jobless, that is a far cry
from 15,170,000. Our colleague at Shadowstats.com, John Williams, is
reporting a realistic jobless number between 22.5% and 23%. John worked on
this stuff for years in Washington and he knows what he is talking about. He
is highly respected in our industry.
If we take
23% X 185,000,000 we get 42,550,000 people who are not working (or are
underemployed to the extent they need food stamps and other kinds of aid from
friends and family). That much larger number makes more sense
when you count the food stamps statistics. Some may say we aren’t the
sharpest knives in the drawer, but 42 Million is not even close to
15,000,000! See what we’re saying here?
Other
examples relate to daily trading in rigged stock and bond markets throughout
the world.
One pile of
“barnyard stuff” that was promulgated by the treacherous bankers
was the recent LIBOR scandal. Some say this cost the lending community a cool
trillion
dollars. One foreign bank just paid a fine on this mess for about
$340,000,000 with no criminal proceedings attached. A nasty howl of protest
ensued as it was felt they got a slap on the wrist and were allowed to just
walk away from a really heinous crime. The fine was probably paid with stolen
taxpayer funds to boot.
NOW what have
these treacherous idiots dumped on the gold community?
Here are some
falsehoods we regularly see spouted all over the Internet, posted by
international media of all stripes and most particularly from the financial
community in New York, or by Washington politicians.
The current
polls are probably the worst nest of snakes to hit D.C. in years. The man and
woman in the street know this and are totally turned-off on voting and
election process participation. We say, don’t do that. Get out there
and vote even if you think your one vote has no power and is meaningless. If
you don’t vote you better not complain about these turkeys.
Before we
list gold stuff, here is a very important point: when you criticize an
analyst or someone offering an opinion on market direction in precious
metals, please state whether you mean one day, a few days, a few weeks, a few
months, or decades. This really matters-please!
We have seen
some very influential and bright guys get slammed unfairly because some dope
reading his work did not pay attention to the timing cycle. This happens
every day. Pay attention. Those of us that do this work are not perfect. We
cannot call tops and bottoms. I’ve done it about three times in many
years, and can assure you it was just an accident that lined-up perfectly
because our technical math worked out well.
Rather, we
like to do good forecasting work based upon the best fundamental and
technical analysis we can find. If you are trading and investing and your game is
on the primary trend, either up or down, you win. Top and bottom calling is a
fool’s game. Don’t do it. Go for a slice in the middle staying on
trend and forget pivot points trying to maximize a trade.
Some other
fictitious numbers we must work with include the GDP report. This is very
important, so they always tell us it’s growing at +1-3%, usually with
the happy middle being the number of the day at +2%. Heres
some news folks: we see USA GDP sliding badly along with similar accidents in
the process. We say the US is -1.5% to -2% and that is Greater
Depression II territory.
Some are
saying with an unmitigated flash of brilliance that we might be in a
recession. Wow! No kidding. In our view, with joblessness at 25% and rising,
we are there baby, and it’s going to get a whole lot worse.
This
blundering herd of dolts, with their wild printing of bonds and currencies,
are going to get a hard lesson in blasted bonds and inflation followed by
hyperinflation.
We say, good! Get it over with, as their cure is no cure at
all but rather consists of extend and pretend, stretching out
the pain of millions to promote their crooked game.
The beautiful
irony of the ending is something ya just gotta love! The mountain of crappy paper they produced
for all their phony credit and cash designed to keep this game in play goes toxic and
becomes worthless. The very mess they produced will take them
down, as they are the largest holders of these so-called crummy assets. How
is that for divine justice?
Instead of
ruling the world with one government and one currency these crooks are going
up in credit-currency flames done in by their own nefarious plans. Further,
with hundreds of millions of very unhappy people in the streets, would you
want to be a banker or politician? Is good old USA western justice on the
way? We hope people stay sane and use the courts. However, this is not what
the history books tell us. We’re not going to the movies for
entertainment. It’s much more fun watching to see how this adventure
plays out. Methinks it’s coming in Q4 2012, or Q1 2013. Fasten your
seat belts.
Good Traders
and Investors Know Emotional Control is Paramount.
Gold has
proven itself to be the ultimate asset for thousands of years. In times of
trouble and depression, all people accept gold, as it has intrinsic value and
holds no counterparty risk. Yes, it is not the perfect daily trading
currency, however, if you could hold $100,000 in USA or Canadian gold coins,
or $100,000 in USA paper dollars, which would you prefer?
Conditions
are so scary-rotten out there that gold and silver will be the ultimate go-to
assets for retention of value, increase in value and hold the ability to be
accepted by all, anywhere in the world. Just this past week, two of the
largest traders in the world came back into the gold market and they are
heavy; as in billionaires. They did not make their money being stupid. They
are very astute and canny traders and vote with a huge purse.
Big Pharma Has Damaged Millions of Kids Who Are Now Adults.
This fact is
not difficult to figure out. We have thousands of kids who were put on drugs
by parents/teachers/doctors to calm them down. We have been fed a steady
injection of lies that our offspring have “disorders” that must
be treated with drugs, when in reality they just need a good spanking.
However, since the drooling PC idiots passed rules where kids cannot be
disciplined or you go to jail, we’ve grown two or three generations of
nutcase kids; now adults and doing naughty, deranged stuff… possibly
and probably related to the side-effects of Big Pharma’s
newest “miracle pill” – take a look for yourself: the list
of precautions, dangers and side effects is in type-font 8 and takes up two
pages to every one of the seller’s advertising pieces.
Believe it or
not we think the observation of all these messed up minds has indeed
altered the social graces and intelligence of supposedly normal adults. They
have no clue as to what is real and what is unreal. Years ago a family
relative told us that we’d see the mental asylums over-flow. She was
correct; but many of these victims are in jail as well as in the hospital and
sadly, more are dumped into the streets of our nation.
How does this
relate to trading and investing? We have to contend with weird markets,
dishonest leaders and fund managers and a laundry list of other psychopaths
we’ve discussed in previous essays and a good percentage of them are a
product of Big Pharma’s antics. This really
can affect the markets and traders’ behavior.
Bloomberg reported last evening that the volume
on the NYSE has been steadily dropping since 2007. Yesterday, it was 450,000,000
when the daily turn is normally 1,700,000,000 averaged over prior years. Does
this mean the stock market is dying? We don’t think so but you have to
wonder: what in the world is happening?
We say what
is happening, is investors and traders are voting with their feet and getting
out of the way as they particularly fear the 4th and
following quarters. Investors do not like unknown stuff and between New York
activities and gaming the system (and the even worst kind in
Washington DC), it just seems better to keep your powder dry and run with the
money.
The Asians
have been through these conditions for centuries. They are hard-core hard
asset investors and buyers. Gold is number one on their lists and they
aren’t selling any. This week in Tokyo it was reported the younger
generation is quickly turning to gold. This was unheard of in past years.
Likewise,
Middle Easterners are all big gold buyers and holders. In India, where
recession took hold, they cannot afford their normal 25% purchase of all
annual global gold sales, but this does not mean they are not working on it.
Indians in India are smart gold buyers/traders and magnificent jewelry
producers. Women are often seen wearing their entire passbook savings account
in gold jewelry.
In the US,
smart folks are buying farmland, forest lands, investing in agricultural
crops and most importantly buying gold, silver and items on lists related to
daily needs.
The rough
times we’ve seen over the past decade are not going to improve until
bond-land cracks up and we can start over on page one. It’s coming, but
those in charge are straining and wheezing in a legendary effort to promote
their old games. They are about out of credit bullets, so we can see the
trail’s end. We say, bring it on and get it over
with as this is like water torture, and it is excruciating.
Rules For
Trading and Investing in Hard Assets:
1.
Buy something
that is easily sold to others.
2.
Buy something
that has growing value.
3.
Buy gold and
silver from major nations recognized by all throughout the world.
4.
Keep your
mouth shut regarding your purchases.
5. Hide assets in
non-obvious places.
6.
Stay out of
banks with gold and silver 100%.
7.
Understand
you can be ripped-off 100 different ways.
8.
Don’t
trust anybody (except your spouse).
9.
Understand
anything going through your computer is international news to everyone in the
entire world. Firewalls are a joke. Same thing in the paper mail systems.
10. Have a trading system that is proven and
that works. Buying a few silver dollars each month is good trading system. Same thing for
gold.
11.
Stock your
house with months of daily needs that won’t spoil. This will save on
inflation, extra store trips, and covers your You Know What in an
emergency.
12. Set your trading and investing plans in
advance. If markets erupt, have a written plan with details on what to do
next.
13. Making decisions under duress makes bad
decision-making: don’t make decisions under duress (if you can help
it).
14. All markets are balanced and even. The
buyers and sellers are even. We are just in the game to earn more than the
others.
15.
There are
equal numbers of shares and futures bought and sold.
16. There is a buyer and a seller in each
and every transaction.
17.
If you are
not capable to select shares, stocks, or trade futures, just buy coins and
buy them steadily with a savings plan. Bank savings is a disaster. Buy from a
good physical metal dealer and above all: take possession.
Keep your
wits about you when others are losing theirs. Big Pharma
and the follow-on lawsuits for medical mistakes produce two giant
money-making industries. Drop out of that system, home-school your kids, go
to college on the Internet, grow a garden, build your own business, live
under your means, live a simple clean life and watch the disaster messes
unfold… just don’t participate! - Traderrog
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,
registered broker, or financial advisor. There is considerable risk in market
speculation and investing. There are no guarantees regarding performance and
past performance provides no guarantee of future performance. Your trading
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futures contracts may not be suitable for all investors. You may lose a
substantial amount of money in a very short period of time. The amount you
may lose is potentially unlimited and can exceed the amount you originally
deposit with your broker. This is because trading futures is highly
leveraged, with a relatively small amount of money used to establish a
position in assets having a much greater value. If you are uncomfortable with
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