Risk On Risk Off??

What does this really mean? Has Ben turned off the printing press? Who’s pulling the strings of the puppet here. Who is the puppet and who is the puppeteer? You really don’t believe that President Obama is running this show do you? Surely by now you have studied this game long enough to recognize that this is a “Game of the Gods” and I am not referring to the old Germanic board game. These players the Bankers of the bankers and they are navigating the Titanic. They may have hit the iceberg but they sure as hell are not going to let the band stop playing. After all…..they’ve been on this voyage before. After years and decades and centuries of managing these economic and market cycles this game never gets old for the puppeteers.

Right now we are trying to let some steam out of the engine room and that steam is the price of oil. We are all looking at gold and silver here and it IS a headline they hate to see but of even more urgency for them is oil. Interestingly enough they seem to be more focused on silver which makes me believe that the COMEX and the JPM short position was indeed in danger of a major default. But I find the lack of effort on the oil price even more interesting and makes be believe that indeed they want to see inflation put back into the system so desperately that they are willing to kill the patient to save the doctor. Otherwise they get the bankers most dreaded enemy ….. deflation.

Deflation will be natures ultimate solution for their violation of economic and nature’s law but they intend to keep sailing full speed ahead and oil and its effects will be collateral damage to the plebes. Can you imagine…..that just 2 short years after the collapse of oil prices we are now at 110 dollars a barrel? In an economy that is still on life support with real unemployment at 16%. Small businesses are hanging buy their fingernails with gasoline at 5$/gal in some areas of the country. This is what a sinking ship looks like as STAGFLATION insidiously takes us to the bottom as the band plays on and the chairs are rearranged on the deck.

None of the factors have changed for our energy and precious metals plays. In fact with the number of top callers coming out again with this recent beatdown of the PMs you can rest assured this is NOT the top. Be patient and hope that your favs like SLW SSRI ANV GFI GPL HL EXK get cheaper. We may get a V bottom so if you want to nibble here and you have NO core then I won’t complain. I have restarted my trading core the last two days and have 80% left for may desired core position.

Also watching WPRT HNR ATPG HERO GMRX LNG ……not quite there and keep hoping this is a multiweek event…..remember sell in May and go away…If you’ve made money BE PATIENT and see what they give you.

Read more at Great Depression 2