Goldtent TA Paradise

Endeavour mining shows this about better than any stock. Keep in mind this is a very high quality gold stock.

Be a buyer in the low 20’s

Covid summary:

http://bit.ly/3JwTJH8

Years forecast:

http://bit.ly/34iiVBb

Wow- The O’Reilly interview in Dallas is a game changer for Trump. He is backing Big Pharma and advocating the Vax and booster. He totally has missed the central issue of medical tyranny and what the world elites have in store. He has now lost me. I think he is now a has been. He served his purpose, but time to move on. He can still be a king maker, but he is not the leader we need anymore.

Recommend watching the interview. Banned.video

If the gold bugs think they have suffered this year just take a look over at the Cannabis sector. B-R-U-T-A-L. Here are just a few of the battered:

The omicron moment may be the power-mad little weasel’s last stand. (Fauci) Reports so far indicate that omicron is a mild form of the virus. The one death reported to date did not include any information about the patient’s co-morbidities. For all we know, it was a motorcycle wreck with an omicron-positive label slapped on.

Where Do You Stand?

That’s where we are at. PM bear market separated Phase II with Phase III with a BMR. This is classic stuff. It’s been a hell of a kickoff. Defense is the game. Buy the dip Chartsmaster

Pretty insightful. The only thing I would add is he doesn’t mention the huge amount of dupers delight he is exhibiting:

Not a prediction, just a safety measure.

Today we have a confirming candle to yesterday’s Gravestone Doji:

I’ll be honest with you. If I had to draw out a pattern more bearish than this one I wouldn’t know how to do it. The H&S is of course the prominent feature, however todays action was in your face bearish. Ending with an infamous Gravestone Doji. The GD is the most bearish of all the shooting star candles. It’s message is the bulls ran it up all day then became exhausted and gave it up to the bears. This is all bad enough, but think about what’s been happening lately. Over the past month we see 3 major buy-the-dip attempts and the third just underwent exhaustion failure. I think the dippers just might be ready to stand aside for a while. That could mean to go get your helmet on!

Trying to remember the last time a “whistleblower” went public with a PR firm, press email contact, full legal team and Senate appearance. https://t.co/ZMYKpsVFE5

— Drew Holden (@DrewHolden360) October 6, 2021

Soliciting comments and other data points from others about this sordid affair. But here is what has gotten me thinking that this entire thing is a total set-up scam.

1. First off I recall FB CEO Zuck sold a massive amount of stock about 2 weeks ago so he knew this was coming?

2. When has a real bonafide whistle blower been given the red carpet welcome onto a mainstream media platform? (60 Min) No typically they are threatened, shamed and ultimately de-platformed themselves.
The 60 min interview was obviously a set-up.
3 Then the next day all FB products go off line and employees can’t get into HQ… seriously? Just a coincidence of course
4. Now FB says content has been deleted?

I don’t think it’s too hard to figure this one out. The election audits must be pointing the finger at their crimes and they had to do a bit of housecleaning otherwise known as data deleting.

Could be tracing out a tradable bottom here. I spent the day rebuilding my trading portfolio

Likely, I am short from the 196 level:

I have mentioned this previously as a possibility and appears to be unfolding that this may end in an annihilation drive.

A recap: I haven’t chimed in much because I don’t believe much has really changed beyond progression within the bear market in the gold stocks. Keep in mind the number one principle of investing… Align oneself with the primary trend. That primary trend has been down since August 2020. Since then gold stock movements have NOT been corrective in nature they have instead been engaged in a downward primary trend. Yes, that’s called a bear market. The major change over the past 2-3 months has been the shift in psychology. The bear market has transitioned beyond the point of recognition (POR). I identify that point occurring around the month of July.

Nothing has changed regarding my previous analysis over the past few months. I still see the market advancing into a Phase III and a capitulation event before the bear market is over.

Folks this is why I was so serious in my stern comments that once in a late Phase II one must respect the bear.. He is now having his way with those doubters and the complacent permanent bulls. The PM stocks are now very over sold and could pop a rally at any moment, but I am staying clear. This has every appearance of a Phase III annihilation drive. The bear has the ability to do this type of run when he has led so many bulls into the market for the final slaughter.

Nice classic high volume one day reversal in PFE. JNJ not too hot either and MRNA already taken to the covid hut.

Not to beat a dead horse, but I can offer some new additional insights into this market. Investors who have hung on waiting for a turn up because on going bullish convictions are now being punished by Mr Bear. Again defense is the order of the day. It has become clear to me that the market passed some time ago the Point of Recognition (POR) of a bear market. It was somewhat of a morphing vs an inflection point. Recall this is a psychological phenomenon, not a price break phenomenon. We see now how peoples view of this market is now markedly different than 2 months ago before the June price smash. Now smashes occur without the cabal hardly even trying (like today).

Question now is are we in Phase III. We will see, I don’t know. My original thought is we need to see GDX 30 broken. But today we see relentless selling, it sure feels like capitulation type selling. But I still hold out that this could be a shake out prior to one more rally up before the catastrophic decline.

Just the messenger:

http://www.govtrack.us/congress/bills/117/hr4980

For the most ardent of the bulls it should now be unmistakable … More Bear Market Action:

But given that this was destined to occur it is good in the sense in that we now know for sure where we are in the bear market. After tomorrows trading we will be more able to assess but this looks to me like the long awaited and doubted bear market POR. I sensed we had been approaching it. That put’s the bear somewhere in the second half of Phase II. I have said for a while now that a breach of GDX 30 would likely be associated with a transition into Phase III. I plan on covering my shorts in the morning if these levels hold as this looks like a pretty good clean out.

My personal objective is to arrive at the bottom with sound unraveled mind accompanied with a full purse. At that time I plan to have my portfolio list ready to acquire in size.

Folks for those miffed at the action in the Gold and Silver stocks here is my interpretation. I am reemphasizing that the gold and silver stocks have been in a bear market for one year now. Bear markets are characterized by drip drip action interspersed by strong upside rallies. Clearly Mr Bear is reasserting his claws into the market after a brief 2 week bounce in the stocks. But one can see that this is unmistakably bear market action.

I do most of my writing on this subject over at the Rambus site. I know it’s not very welcome over here, but I would encourage one go back and re-read my bear market declaration piece I posted back in Mid-June. Nothing has changed, it has just progressed. My analysis is that the bear is in late Phase II and getting near to progressing into Phase III. Once Phase III expresses itself it will be time to buy with both hands.

Bear Market action:

Need more evidence:

Here we go. Now we get to see the character of the market of silver stocks. Can it get up to the NL? Does it fizzle in weak attempt? Can it actually reverse the break down of the NL. We sit and watch, time to do some armchair analysis.

Yes, this is what we continue to witness day in and day out. Back in the beginning of the year it took the bullion banks to stage overnight bear raids to get the waterfall declines that we woke up to almost every day. But often by the end of the trading day the stocks would recover much of those losses. But the last operation we saw was the mid-June raid which goosed the decline that had already started.

Now the market just falls on its own weight. Every day almost the bugs come in and push the gold stocks up , but they inevitably fade later in the day. Folks this is bear market action pure and simple. It amazes me how stalwart gold bugs are. They just seem to want to be abused financially. They refuse to read the language of the market. This is called dogmatic investing.

Hey I want to be bullish in the worst of ways, but I am not going to lean against the trend of the market. Here is a look at today’s pathetic initial bounce while the rest of the market rockets higher:

This is about as clear of a chart pattern as one could see. Now its due a backtest, but I would suggest if one is dogmatically bullish then perhaps its time to check your enthusiasm. Lower lows lay ahead.

Michael Saylor with his bitcoin position over the weekend, as it sits on the 30,000 doomsday line of support

Here are the pictures I tried to post to the Wild Bill posting below. These pictures are from simply a spontaneous groundswell down at Lake Havasu, AZ. Nothing organized, but Americans freely expressing themselves. It was eye opening. I bet the guy with the pick-up truck gets a lot of love when he drives down the highway in California!