Even the slightest good news right now should cause a short squeeze Roilion. They don’t allow the bears to make money, and right now the bears are fully loaded on this train. The news will be irrelevant, as the charts say a squeeze is coming soon.
Many of the various ETF’s are all at critical support levels right now. If they don’t bounce then we could crash… but I don’t think it’s time for a crash yet, therefore a bounce is more likely as the support should hold.
In future though, do note that “crashes” happen from “oversold” levels. There will be a point in the next month or so that the market will be very oversold and NOT bounce. Then we will see the crash…
What will they use this time as a news to push the market and rally until option expiration that Friday?
Too soon for the QE3
Will they fake numbers of the retails sales and Business inventories due out tomorow?I don’ think soo.
My bet if they decide to push the market will be a news at the close today or tomorrow morning about Grece forming a new gouvernement.
Honestly i think they will continue to push gold and silver down.In my point of view they need to do it if they want to save JPM witch started to have loss with derivatives.We need to remember JPM is short over 150 millions OZ of silver and i suspect they want to try to undo these bad bet.
The Death Cross: JPM’s stock price poised to cross below price of silver.
Posted on May 11, 2012 by maxkeiser| 22 Comments
As we’ve been saying for two years. JPM uses it’s own stock to collateralize naked silver short positions (echoes of Lehman and Enron). My analysis has concluded that liability from a rising silver price vs. loss of collateral value of the stock renders JPM’s balance sheet null and void when JPM’s stock price drops below the price of Silver. We’ve only seen this a couple of times since I made this call two years ago, BUT NEVER ON A SUSTAINED BASIS of more than a day or so. When the price of Silver popped over JPM’s stock price, the London desk quickly fabricated a few billion fresh naked silver shorts to tamp silver’s price down. Given this week’s revelations regarding JPM’s reckless balance sheet incineration the ‘crash jp morgan, buy silver’ trade has never been more important as a way to take down this financial terrorist. The SLA has been winning battles all along. Now we are poised to win the war as well. Bye-bye Jamie. NOTE TO HEDGE FUNDS: Sell JPM’s stock naked to Hell. This is the easiest money you’ll make this year.The JPM losses are the whiff of a significant deflationary force in play. JPM losses as a wise PM told me – $2 billion why not $20 billion. Is this bad risk management? This loss happened in the risk mitigation unit and not a risk taking one. There have been dislocations in the credit market these last few months and now we know why.Is it that the derivatives risk is becoming more and more centered with a few banks, and collateral is just not forthcoming because the collateral has been promised many times over? As we move towards central clearing of these contracts will we see legal reconstitution of said contracts to obfuscate the reality that they are worthless. They are being exposed for the sticks of dynamite, under the foundations of the financial system, that they are.
Silver is right on that support line now BH… it’s bounce now or look out below! I think it will bounce though, as there are a lot of bears on board this train right now… and you know what happens then.
So far, everything is going as expected. We had our gap down today, and we should put in a “bottoming tail” candle pattern on the daily chart by the close if we are to rally the rest of the week.
I don’t think the elites really care that much about one more IPO. Most of them I believe are already out of the stock market by now. It just being held up by Fed’s PPT program right now.
NOOOOOOOO ICan’t beleive that.LINK?
Ron Paul Suspends Active Campaigning for GOP Nomination (story developing)
Even the slightest good news right now should cause a short squeeze Roilion. They don’t allow the bears to make money, and right now the bears are fully loaded on this train. The news will be irrelevant, as the charts say a squeeze is coming soon.
Many of the various ETF’s are all at critical support levels right now. If they don’t bounce then we could crash… but I don’t think it’s time for a crash yet, therefore a bounce is more likely as the support should hold.
In future though, do note that “crashes” happen from “oversold” levels. There will be a point in the next month or so that the market will be very oversold and NOT bounce. Then we will see the crash…
Patterns too suggest Higher targets Leo. Above 82 it may target 86 and 88 levels with pullbacks as you said.
What will they use this time as a news to push the market and rally until option expiration that Friday?
Too soon for the QE3
Will they fake numbers of the retails sales and Business inventories due out tomorow?I don’ think soo.
My bet if they decide to push the market will be a news at the close today or tomorrow morning about Grece forming a new gouvernement.
Honestly i think they will continue to push gold and silver down.In my point of view they need to do it if they want to save JPM witch started to have loss with derivatives.We need to remember JPM is short over 150 millions OZ of silver and i suspect they want to try to undo these bad bet.
The Death Cross: JPM’s stock price poised to cross below price of silver.
Posted on May 11, 2012 by maxkeiser| 22 Comments
As we’ve been saying for two years. JPM uses it’s own stock to collateralize naked silver short positions (echoes of Lehman and Enron). My analysis has concluded that liability from a rising silver price vs. loss of collateral value of the stock renders JPM’s balance sheet null and void when JPM’s stock price drops below the price of Silver. We’ve only seen this a couple of times since I made this call two years ago, BUT NEVER ON A SUSTAINED BASIS of more than a day or so. When the price of Silver popped over JPM’s stock price, the London desk quickly fabricated a few billion fresh naked silver shorts to tamp silver’s price down. Given this week’s revelations regarding JPM’s reckless balance sheet incineration the ‘crash jp morgan, buy silver’ trade has never been more important as a way to take down this financial terrorist. The SLA has been winning battles all along. Now we are poised to win the war as well. Bye-bye Jamie. NOTE TO HEDGE FUNDS: Sell JPM’s stock naked to Hell. This is the easiest money you’ll make this year.The JPM losses are the whiff of a significant deflationary force in play. JPM losses as a wise PM told me – $2 billion why not $20 billion. Is this bad risk management? This loss happened in the risk mitigation unit and not a risk taking one. There have been dislocations in the credit market these last few months and now we know why.Is it that the derivatives risk is becoming more and more centered with a few banks, and collateral is just not forthcoming because the collateral has been promised many times over? As we move towards central clearing of these contracts will we see legal reconstitution of said contracts to obfuscate the reality that they are worthless. They are being exposed for the sticks of dynamite, under the foundations of the financial system, that they are.
I think the dollar is going to this FP San, but not without a pullback first…
http://reddragonleo.com/wp-content/uploads/fp-dollar-86-47-on-04-28-2011-date-one-day-in-the-future.png
US Dollar Resistance levels:
http://niftychartsandpatterns.blogspot.in/2012/05/us-dollar-resistance-levels.html
Silver is right on that support line now BH… it’s bounce now or look out below! I think it will bounce though, as there are a lot of bears on board this train right now… and you know what happens then.
So far, everything is going as expected. We had our gap down today, and we should put in a “bottoming tail” candle pattern on the daily chart by the close if we are to rally the rest of the week.
I don’t think the elites really care that much about one more IPO. Most of them I believe are already out of the stock market by now. It just being held up by Fed’s PPT program right now.