Archive for the ‘Money’ Category
May 3rd, 2016 by Vigilo
If you have been paying attention for the last several decades, the United States of America has been hollowed out. Morally, financially, spiritually….in just about every way. The crescendo of this hollowing may reach it’s breaking point leading up to the Presidential Election of 2016.
What do you think?
At this point, nothing would surprise me. Having personally attended a ‘Trump rally,’ I have seen a first hand preview of what the communist mobs will bring. They flash their private parts, block roads, damage other’s private property, and have no regard for people who don’t hold their demented views.
These mobs could very well be unleashed on America. Will we see riots? NDAA powers enacted? Martial Law? Civil War? Suspension of elections? An Obama extended term? ….. Only God knows.
We could do well do defend ourselves. Stock up on some food, ammo, silver, gold, cash, and other essentials. Read the article of Michael Savage’s comments below. But most of all, put your trust in God and follow His statutes.
If Donald Trump wins the Republican nomination and defeats likely Democratic nominee Hillary Clinton in November, President Obama will sabotage the economy in his final months in office, predicts talk-radio host Michael Savage.“If Trump wins – and I think he will – there will be an economic crash,” Savage told listeners of his nationally syndicated show, “The Savage Nation,” Monday.
“The reason I say that is not because of his policies, but because of what Obama will do on the way out the door.”
Savage said that if anyone thinks that a President Trump will be able to easily “turn this huge ship around, you don’t know much about navigation in turbulent waters.”
“Wait until you see what happens in the last few months if Trump wins,” Savage said.
“Wait until you see what that nice guy in the White House does.”
After the show, Savage elaborated to WND in an email on what he thinks the lame-duck period between the election and the inauguration might look like if Trump wins.
“(Federal Reserve Chairman Janet) Yellen ups interest rates, Obama and his band of unmerry pranksters – Sharpton and company –unleash the mobs,” Savage said. “(George) Soros makes a last-ditch effort to distract Trump and the new Justice Department from currency manipulation and other financial games he may have been playing. Spends tens of millions on social agitation.
“Obama floods the U.S. with Central Americans, Syrians and Africans, mainly Muslim, mainly young males, and grants pardons to 10,000 more Central American drug dealers,” Savage continued.
“Let’s see what else might these decent Americans do? Release a few more billion pork barrel ‘green’ projects? You can guess!”
‘Fidel in a dress’
Prior to his remarks about Obama’s final days in office, Savage told his listeners he believed Trump would defeat Clinton in a landslide, describing the former secretary of state, senator and first lady as “Fidel Castro in a dress.”
Savage cited the new Rasmussen poll of likely voters showing Trump with a 41-39 lead over Clinton nationally.
“And this is only an early poll,” Savage noted on his show Monday. “I said a long time ago that when it comes down to Trump vs. Clinton, he would win by a landslide, 60-40, 59-41, something like that.
“No matter how many illegal aliens Obama tried to flood into this country, Trump will win by a landslide,” he said.
In February, Savage warned that the banking deregulation under the Bill Clinton administration that led to the 2008 recession appears to be on the verge of impacting the economy again.
“We’re being set up for an economic meltdown similar to the one that triggered the Great Depression,” he said.
This time, however, Savage continued, “it’s going to occur on a global scale, and it’s unlikely that we’ll be able to recover within even the next several decades, once it happens.”
In the 2016 presidential election, he said, the subtext for most Democratic votes is a distrust of big business and banks.
“And they think that their savior is Bernie the Commie,” Savage said.
But Sanders is and always has been a politician, Savage said.
“If you have faith in him, you’re a fool. If you actually have faith that he’s going to do something different than the others, you’re crazy,” he said.
“You’ll get more of the same. You’ll get the same nonsense.”
“He’ll do nothing to the banks, because they control the presidency.
February 29th, 2016 by Vigilo
Silver Manipulation 2016 seems to be at another make or break point. With the latest gush of commercial short sellers, you can expect a smack down in price. Then again, what if they fail? And how can we make money in the meantime?
Silver Manipulation 2016 – Short Position Spike
The commitment of traders for silver shows that there is a commercial net SHORT position of -73,677 contracts. The net short position has not been that high since the year 2008. It was followed by a 55% DECREASE in silver in 3 months, then followed by a 600% INCREASE in silver the next 2.5 years.
At this point, I don’t expect the same type of move, especially since there has already been a bear market for 5 years. But on a shorter term time frame, every time these shorting spikes show up, silver makes a LOWER LOW. It’s been the game during this whole bear market.
It’s no secret gold and silver are manipulated. GLD and SLV are ETF funds where ‘paper’ gold and silver are speculated and traded upon. However, actual physical gold and silver held within these ETFs, are only a tiny fraction of the amount traded. This allows for JP Morgan, HSBC, Scotiabank, and our bankster friends to put massive pressure on the price, simply by applying downward pressure via short selling.
The minuscule amount of contracts that are actually delivered in physical metal, allow the banksters to short without having to put up the metal. So every time the price of silver begins to rise, the commercial shorts go heavy shorting, thereby halting silver’s rise and bringing it to a lower low. The true value of gold and silver must be suppressed to keep the system afloat.
This charade will likely continue, until it can’t. Meaning, there will come a point where the price is lower than the cost to mine. That would result in a physical shortage as miners cut back on production. OR, the market overtakes the short sellers and the banksters don’t have the opportunity to cover their positions. OR, a geopolitical event forces a run on gold and silver and there won’t be enough available.
Any variation of these scenarios unveils the TRUTH. That paper speculating is NOT indicative of actual physical gold and silver. And the result will be one of the most epic in human history. Every time one of these massive shorting events happen, could be the last time for Silver Manipulation 2016.
In the meantime, can we ride the banksters coat tails during Silver Manipulation 2016? Can we share in their obscene profit when they give us the signal? I believe we can, and I’ll show you how.
Profiting on the Silver Manipulation 2016
First of all, only do this AFTER you have acquired physical gold and silver. These Silver Manipulation 2016 smack downs give an opportunity to lower the average cost in building your savings of physical metal. Once you have that taken care of, then you can profit on the PAPER manipulation, while taking possesion of the PHYSICAL metal.
A tactic I found that has worked for the last few years is this….
1. When the commercial net short position reaches a negative -55,000 contracts…. SHORT SILVER.
2. Once the short position begins to decrease, set your STOP at the high from the previous TWO weeks. (to be a bit more conservative, you can set the stop immediately, even before the shorts start to decrease, you would’ve been stopped out at the orange arrow with this variation)
3. Once you are stopped out, wait for the next build of short positions to over -55,000 contracts, then do it again!
This provides a way to kill some time and make some profit while we laboriously wait for the inevitable next Silver bull.
Another way to think of the commercial shorts is by using a truck as an example. Driving up a hill, the increase of shorts would be the pushing down of the gas pedal. But once the truck’s momentum reaches the top of the hill, or the point where pushing the gas pedal is no longer necessary, then you can coast and actually pick up speed going down the hill. With the shorts, the price typically drops once they begin REDUCING the shorts. It means they have reached the equilibrium of where the momentum of their shorting is enough to push the price lower, allowing them to cover their positions into a lower low.
As physical silver holders, we can make some profit until that inevitable time, when the truck drives off the road and crashes before making it to the bottom of the hill.
CAUTION: Always use a stop. while this is intended to lessen the personal blow of each Silver Manipulation 2016 smack down on our physical savings. We can’t be sure which time will be the last.
Let me know how this trade works for you. If you have one of your own, feel free to share it below.
In God’s will
disclosure: at the time of this writing, author is long physical silver, long intermediate SLV call options, and long short term SLV put options.
February 7th, 2016 by Vigilo
Silver 2016…. is it time to buy, sell, do nothing, pay attention, or just ignore it? Procinctu will point out some recent happenings, to help YOU better answer that question.
What we know concerning Silver 2016
To figure out future price action of silver, and everything for that matter, we must first identify and separate facts from fiction.
1. In the first two weeks of the year, markets generally begun 2016 with a steep sell-off across all sectors, including a ding to silver. However, precious metals reversed, decoupling from the markets as January came to a close. SLV Nasdaq Dow Jones S&P
2. Short-term, this past week, silver followed gold’s lead, and finally broke out of it’s resistance put in place since December 4th.
3. Long-term, MACD has been showing a massive divergence since 2013 on a weekly chart. Even short-term, MACD divergence has been occuring the last several months on a daily chart, leading into last week’s breakout. Look at the vertical lines to note a HIGHER low in MACD, but a LOWER low in SLV price. Note: divergence in the MACD, in relation to price action, is a STRONG sign of a reversal.
4. Actual physical silver inventory held in the COMEX is vanishing. The amount of registered silver in the COMEX is nearing the same level as it was when silver was nearly $50 an ounce! The steep decline began last year as you can see from the chart (noted via red circle). Note: since the majority of gold and silver in the COMEX is never delivered, the charade is able to allow 28 owners to every ounce of silver, and over 500 owners to every ounce of gold. Effectively ignoring the laws of supply and demand…..at least while they can.
5. The silver mining industry has a bullish mindset. Just recently, CEO of First Majestic Silver Corp., Keith Neumeyer said as much in an interview with Money Metals Exchange.
We’re trading, right now, at 80 to 1, gold-silver. We’re mining at 10 to 1, and we’re in a deficit. How can that relationship last? We’re going to have a racial compression, in my view, that’s going to send the price…and I’ve said this 100 times… to triple digits. I know that at $14 or $15 silver that sounds stupid and it’s probably hilarious to many people, but that’s where I think it’s going.
All of the above facts actually took place. They are not just conspiracy theories from a perma silver bull. They are all valid reasons to have a bullish perspective on silver 2016.
What to do to profit in Silver 2016
First and foremost, before anything, Procinctu has always encouraged owning Physical silver and gold. Periods like now offer great opportunities to begin acquiring, if you have not already. You can adjust up or down depending on your beliefs, but 10-25% of one’s portfolio in precious metals is ideal.
With that out of the way, and your physical silver (and gold) savings taken care of, let’s address playing silver through SLV, the silver ETF.
Being that it triggered bullish on Feb 3rd, you could play it short-term with a target of $15.36, but watch out for a pull back. My stop is currently $13.49, but that should be moved up as SLV continues higher. It has moved $.34 already since triggering, so if you are not in the trade already, you could consider waiting for a potential pullback.
To wear the bearish hat for a minute, the current price of SLV is outside of the upper bollinger band on a daily chart, which means it is overextended and might ease a bit. The 200 simple moving average is also impending.
Also, it’s no secret that SLV and GLD are manipulated…. one tactic I have done in the past is to hedge my holdings by buying weekly in-the-money puts anytime the price shot up, because it seemed it would always get pounded back down. Those things considered, honor your stop.
Now back on topic. As far as specifics, you could buy the SLV ETF outright as you would any stock. You can also buy the SLV, then sell covered call options against it to collect premium.
Personally, I instead bought some $17 and $16 calls for June 30 expiration. I admittedly bought these before the actual trigger, so their current P/L is 51% and 75% unrealized gains. Keep in mind these are out of the money options, so only do this specific trade if you know how, and understand all of the risks involved.
Another way to play silver, is a more leveraged vehicle… silver mining.
If you are looking for a cheap silver stock, with tremendous upside, check out Great Panther Silver, symbol GPL. The current price even allows for the novice to ‘invest’ in shares while not mortgaging their future. The seasoned trader can profit on it with sound analysis as it’s price moves about 6% every day on average. Current price is $0.58.
If you are looking for cheap silver stock options, I recommend you check out First Majestic Silver Corp., symbol AG. Again, only for pros, but AG stock also moves about 6% per day on average. What I like about this one, is that options in the coming month and nearest the money, often cost only .05 in extrinsic value. So essentially, you could trade 100 shares for only $5 in premium extra. Again, I have to reiterate, only do this with a sound plan.
AG has already made a big move and is currently at a resistance line, so do not enter until it breaks, and confirms that line, above $3.65. Conversely, you could look into $4 puts if it fits into you trading plan, and we indeed end up pulling back.
First Majestic has been providing nice pivot points and you can buy calls or buy puts on it in whatever direction it is trading. Personally, I like the company to own outright as well.
Silver 2016 Conclusion
Silver 2016 has a huge upside. Though it appears the bottom is already in, and the metal is about to enter into a bullish trend, it is still possible for one final push lower. That is why you should always trade with a stop. But considering all the facts, Procinctu thinks the bearish trend is exhausted, and silver is on it’s way up.
No matter the direction, you now know several ways to profit on Silver 2016…. whether it be through SLV, SLV covered calls, GPL, or AG. Of course, if you don’t have your physical metal secured yet, get that first and pay no attention to the price. Treat is as insurance and wealth preservation.
Note: If you do not understand options trading, or even want to better your stock trading, I recommend checking out TradeSmart University.
As always, markets can stay irrational longer than you can stay solvent. So always manage your risk/reward. Also, not mentioned above, but NEEDS to be considered, are the geopolitical rumblings throughout the whole world. Wars and threats of wars, negative interest rates, currency wars, devaluations, and on….. Silver and gold are safe havens in times of crisis. Something to keep in mind.
Stay tuned for updates and may you have a profitable Silver 2016.
In God’s Will
March 4th, 2014 by Vigilo
I know, I know. Another US Economic Collapse post. These are getting as numerous as the ‘Banker Suicide’ posts seen elsewhere. And yes, we have spoken before about the fools game of trying to call the ‘stock market top’ or the ‘crash’ or the ‘economic collapse.’ But yet again, as unlikely as it is, I want to bring your attention to the next ballyhooed date of March 4, 2014. But first, let’s take a look at a few things leading up to the supposed US Economic Collapse.
US Economic Collapse Lead Up
A few months ago, “The stock market top will occur on….” was published. It brought to attention the McClellan analog comparison of 1929 and current day. They determined the market top to occur on Jan 14, 2014, give or take. Tom Demark has been singing a similar tune as well.
Additionally, Procinctu ran it’s own Crash 2013 series. It covered fundamentals, chart analysis, and ways to short the market in the event of a US Economic Collapse. The jury is still out on whether I need to eat humble pie or not. If we see a ‘higher high’ in the Dow Jones from here, then I will have been wrong in the timing. As of now, the market top occurred on December 31, 2013.
US Economic Collapse Brewing
Beyond resistance lines and charting, by now, you are probably aware of other interesting news coming out.
- Lindsay Williams has been talking of a global currency reset around March 2014. (Take that for what it’s worth.)
- Numerous bankers are having odd deaths or ‘suicides’ over the last several months. The normal stuff like a 34-year old with a heart attack….a 39 year old with an alleged suicide leap…..a 33 year old allegedly leaping to death….a 57 year old shooting himself with a nail gun. While suicides alone may not be all that suspicious, when the name JP Morgan is mentioned with many of them, then…..
- The US-EU coup in Ukraine is provoking Russia to act…..leading to murmurs of World War 3. (1, 2)
- The emerging market scare from a few weeks ago has eased, but is not solved.
Then there are all the normal fundamental problems in the US and abroad which point to the US Economic Collapse.
US Economic Collapse on March 4, 2014?
This leads us to a US Economic Collapse article found on the Washington Times website back in October 25, 2012. In it, the date of March 4, 2014 was specifically named. While it’s likely this is just another date which will come and go, I’ll still include it below for you to decide that for yourself.
Those wild and crazy Mayans put down their marker that the end of the world would occur on Dec. 21, 2012 — about two months from now. There is, of course, some small chance that they might be right. On the other hand, there is a very large probability that the real end of the world will occur around March 4, 2014.
The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes.
Interest rates will skyrocket, businesses will fail, unemployment will go to record levels, material and food shortages will be rampant, and there could be major social unrest.
Any wishful thinking that America is in a “recovery” and that “things are getting better” is an illusion.
The problem is not Medicare, which won’t quit on us for another six or seven years. Nor is it Social Security, which will not be fully bankrupt for another 15 years or so. The crisis is much more immediate and much more serious.
The central problem is that America is the bank of the world. What this means, simply, is that the dollar is the world’s currency (often termed the “reserve currency”).
Throughout the world, nearly all traded goods, oil, major commodities, real estate, etc., are denominated in dollars.
The world needs dollars, and the U.S. provides them and provides confidence that the dollar is the “safest” currency in the world. Countries get dollars by trading with us on attractive terms, which enables Americans to live very well.
Countries support this system and cover their risk by investing in dollars through T-bill auctions and other mechanisms, which enables us to run budget deficits — up to a point.
The central issue is confidence in America, and the world is losing confidence quickly.
At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments.
Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball.
At that point, we will need to finance our own deficit, and we will not be able to do so. We will raise bond rates to re-attract foreign investment, interest rates will go up, and businesses will fail. Unemployment will skyrocket.
The rest of the world will fully crash along with us. Europe will continue to decline, and the euro will not replace the dollar. Russia will see a collapse in oil prices as market demand softens, and Russia will collapse along with it.
China will find nowhere to export and also will collapse. The Russian and Chinese governments, which see all this coming and have been stockpiling gold to hedge against such a dollar collapse, will find that you cannot eat gold.
There will be uprisings — think of the streets in Spain and Greece today — everywhere. Technological advances that traditionally drive productivity increases and economic growth will not be able to keep up with this collapse.
When might this all happen? Paul Volker indicates we might face a mess like this in the next year and a half.
David Walker, former U.S. comptroller, i.e., the former chief accountant of the U.S. government, has suggested similar time frames for economic catastrophe.
Most agree that the budget sequestration approach won’t work from either economic or political perspectives, and mindless across-the-board cuts in spending will only exacerbate a mess.
The Federal Reserve’s third round of quantitative easing, in which we print money to buy our own bonds in order to goose economic and employment numbers, means we are floating our own debt, a good formula for sudden hyperinflation.
The next president will have about six months to fix this problem before it is too late. He must be fully prepared, able and willing to work with Congress and move quickly and decisively.
During the election, the most important question to ask is, who understands all this and is prepared to prevent it? Everything else is noise.
Grady Means is a businessman, former assistant to Vice President Nelson Rockefeller and former economist at the U.S. Department of Health, Education and Welfare.
So there it is. While I don’t know how exactly he comes up with the date of March 4, 2014 for the US Economic Collapse, I still thought you should know of it. Use the info however you see fit.
With God’s will.
January 3rd, 2014 by Vigilo
Ahhhh (a relaxing ahhh), the STOCK MARKET TOP. It has always done quite a commendable job in making jackasses out of wanna-be-prophets, shills-on-TV, doomsayers, etc. But for one to gain immortal status in the prestigious “remember that time I called the stock market top” group, they only have to get it right once.
Calling the stock market top will give license to be wrong indefinitely, yet still get paid for an opinion. That is so modern American, eh?
Stock Market Top
I don’t pretend to know the ‘exact’ date of the stock market top. In fact, I’ve run a Crash 2013 series since August 2013. And guess what? No crash yet!
But like all other ‘prophets’, we gotta justify predictions and skew the timelines. For example, the distribution phase started in May 2013, which is technically the beginning of the crash, right? But you see….with Quantitative Easing, stimulus packages, antitrust evasions, debt ceiling, Obamacare, government shutdown, bank bailouts, bail-ins, free money, Illuminati, aliens, comets, Santa Claus, n’at……it’s tough being a prophet nowadays.
Though I will cut myself some slack. If you go back to the Crash 2013 launch, it was specifically said that 2013 was to include the Year of the Snake. ‘Crash 2013’ was used for SEO purposes, because really, how many people would do a Google search for “Crash in the Year of the Snake”? (while there are many variations, that exact phrase appears twice in internetdom)
So now that you know there will be no humble pie here until Jan 31st (if at all)……when exactly is the Stock Market Top?
Well according to McClellan Financial Publications…..really freaking soon! Like January 14 soon! Though in the article, the difficulties determining such a number are addressed. So we will say Jan 14, 2014, plus/minus 5 days.
Hey, that works for me. The Crash 2013 series would be validated, and I could at least associate with the “remember that time I called the stock market top” group. But enough rambling. Below is the article in it’s entirety. Take a trip over to their site and see what else McClellan has to offer. As for me, I’ll soon be preparing for Crash 2013 update #7…. yes, even though it’s January 2014.
With God’s Will.
November 29th, 2013 by Vigilo
Black Friday has blown into an international event, but before that, hopefully all of my American friends had a great Thanksgiving Day 2013. Whatever the reason, any time that we get to spend with family, should be cherished. Reality is that you never know when one’s health will wane, or when one’s life will end. Another reality is that a few of you had to work on Thanksgiving Day, and it’s follow-up of Black Friday. So instead of ignoring this reality, let’s take it at another angle.
No matter which country you currently reside, there is a way to be outside the system, spend more time with the family, AND participate in Black Friday…..and that is BITCOIN BLACK FRIDAY!
BITCOIN is a DECENTRALIZED, non-intrinsic, finite, crypto-currency.
- Decentralized – no central bank controls it (like a Federal Reserve).
- Non-intrinsic – you can not phsyically hold an actual bitcoin.
- Finite – there are only so many in existence, with total amount eventually reaching 21 million bitcoins
- Crypto-currency – it’s based on an algorithm with with mathematics, computer science, electrical engineering.
Recently, the US dollar value of 1 Bitcoin (BTC) multiplied by 6 times in November 2013! This due to an increase in demand, speculation, and an increase of merchants. Some of these merchants organized to have their own (2nd annual) Bitcoin Black Friday.
Bitcoin Black Friday
With Bitcoin Black Friday, you can avoid the insane, materialistic droves, yet still find a few deals for yourself. There is something wrong with people that will fight and kill over a TV or a doll. But there is nothing wrong with looking to save a few bucks for your family, whether those be priced in paper or bits.
If you have Bitcoins, check out the vendors participating in Bitcoin Black Friday. If you don’t, I encourage you to at least learn about Bitcoins. One place to start is the wiki page HERE….below are a few others.
(also, check out another boat at Litecoin)
BTC + TSU = $$$
The story of bitcoin is unprecedented in it’s possible global impact. But just imagine the 600% ROI in under a month. Then what if you could make that into a 1,200% or 2,000% ROI in a month? What if you could duplicate that success month after month? There MAY be a way.
BEFORE CONTINUING… I want to point out that you should NEVER play with more than you are willing to lose. Day Trading, especially Bitcoins, is risky and NOT for everyone. Personally, I believe an ideal setup would be to have an allotment of Bitcoins for saving, and another for trading. This can be similar to holding physical silver, yet trading options on its short term swings……
Instead of holding bitcoins through the tops and bottoms in the overall uptrend, what if you could tell with a certain probability WHEN the tops an bottoms would occur? What if there were indicators you could look for to determine these violent swings throughout a day? I would like to point out that my friends at TradeSmartU are having their own Black Friday Extravaganza.
Through Monday December 2nd, TSU is selling any 1 product at 10% off, any 2 products at 20% off, AND any 3 or more products at 30% off! These products present a responsible way to trade stocks and options in way mindful of risk mitigation. Using their course for something more risky, like trading BTC, is entirely up to the individual.
To view the free webinars and see just what each product offers, please visit the link below.
The classes and their pricing can be found HERE. The discounts apply at checkout.
By using a responsible system for regular stock chart analysis, could there be a way to combine Bitcoin and info from TradeSmartU to maximize your profit on this environment? It’s up to you to decide.
Standing on their own, Bitcoin and TradeSmartU can each be life changing tools for you. Remember that nothing is guaranteed, and hard work will be required. But at least familiarize yourself with these tools in this holiday season, especially ahead of Crash 2013.
With God’s Will