Some of us all know how long the same some of us have endured the flames, arrows and laser guided slings of market fraud and the Wall St. led Olympics of the ‘inside toss’…which our friend Scout has now yielded to. Sorry to see you go Scout but there ma be other opportunities out there that will be fruitful. Good luck to you. The idea is to figure out where the 1% is putting their leverage….and then get in and out at the appropriate times…like the monthly, predictable swings in the PMs….and whatever stocks mirror these swings. The usual SLW’s, SVM’s, YRI’s, DRG’s …etc., etc. If your happy making a few shekels every four weeks, this seems to be one way to do it, obviously. Trading the mutts like ECU has been disastrous and the message has been now successfully understood by even the densest of longs as said has now been given landed immigrant status at AUM.
So just a few of today’s events bring us the latest gyrations in global currency games as the world prints $2 million new dollars every minute...and the Greeks decide to poke a stick into the CDS derivatives cauldron, giving the scalding hot Olive oil pot a good stir over open flame. Turn on the flat screen and immediately be urged to sell our ‘scrap gold’ (that would be precious metal or jewelry in other times) today!
Meanwhile, the girls and boys at the biggest and best New York foreclosure law firm throw a Halloween bash at the expense of the aforementioned ‘foreclosed upon’ and twist the knife with a sociopath frivolity. JP Morgan has handed out their usual monthly tricks to the silver bugs by sharply increasing their silver shorts fast upon the heels of the devaluation of the Yen… with the resulting levity of the US paper dollar hydrogen balloon taking it to precarious heights… whilst the ‘bonus boys’ smoke cigars in the first class section of the gondola. Let’s hope their sycophants snorting in business class don’t notice.
On the political front, the very confident Herman Cain is slip sliding away as some realize he has the Grand Canyon between his ears. He thinks Ron Paul is just plain bad for the economy and he is not sure what a neo conservative is. As for his previous life indiscretions, well, who is really that pure? In dull and boring Canada we saw the political left being gushed, fawned and loved over early this morning on our $1 billion publicly subsidized (still with too many commercials though ) national TV conglomerate as they support the prostate cancer drive with both the Liberals and NDP given top billing. There was not a sniff or mention about the majority ruling Conservative Party’s contributors. I guess they don’t like the attention that inquiry on their massive $2 billion plus budget is drawing. No one can seem to find out what Peter Mansbridge’s salary is.
Hey! How about that MF Global eh? Good old alumni of Goldman Sachs and former Senator Jon Corzine may have opened a ca of worms at the CME as rumours of ‘improprieties’ surface this morning. Gee, what a surprise.
I must end this now…and it has only begun.
As per this site, we can expect the continued disparaging suppression of stocks like AUM because ‘they can’ and it is the cheapest, most effective way to discourage any investing of clout in the silver JPMs. Gotta keep any possible excitement down…and besides, it really feels good for ‘them’ to attempt to scewer the credibility of the trusted experts we have all come to know. I’m afraid this long term tactic has been well played by the astute who have indeed taken advantage of these incestuous opportunities.
Try to have a good day all.
