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Gary Tanashian
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Gary Tanashian is proprietor of and Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' ( Complimentary analysis and commentary is available at the... More
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Notes From the Rabbit Hole
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  • Have Bears Given Up?
    They are tired, yes. Pissed off too.

    The government has this rigged and set on autopilot. Goldman Sachs runs everything out of the penthouse office. Money printing as far out as the eye can see. We don't have free markets and this is the run up to the new, fascist world order with Rockefeller and the Rothschilds in control. We have lost our freedom. We are going to devalue our way out of seemingly unpayable debts and obligations. Oh, the humanity. These are the thoughts of bear capitulation.

    Or just maybe the dollar is going to turn and burn as greed turns to fear one day and it is again shown just how powerless these bureaucrats and buffoons really are. I know this is crazy talk, but neither the gold-silver ratio nor the VIX are at new lows as the markets make new highs. In fact, the VIX did a little hammer action yesterday and the GSR bounced off the SMA 50. But I am 'just a top caller who's not with the bullish program' say the newly brave bulls.

    I don't like hype and I don't like mania (in either direction). Okay, I am a freak by today's standards. Let's hear it for the freaks, for one day they shall inherit the world.
    Tags: GLD, SLV, VXZ, VXX, gold, silver, vix, bear, bull
    Nov 17 7:50 AM | Link | Comment!
  • Today I Bought This Chart
    ...which is another way of saying I took profits on NGD and bought HMY, as the HMY-NGD ratio suits this bottom feeder just fine. See, you can find nice bottom feed opportunities even in a speculative blow off!

    Seriously, after owning Metallica Resources (MRB) for years from 1.00, I am now officially tired of the bullshit going on at the former MRB's (now NGD's) Cerro San Pedro mine, with the local activists again stirring up a hornet's nest. The company is operating and will probably be unaffected, but it has been a good ride up from under a buck late last year. Maybe I will revisit at a later date, but for now I'll take this chart, which means I'll take long time South African major gold mining basket case HMY over NGD.
    Nov 17 7:49 AM | Link | 1 Comment
  • 'If HUI is Going to 470, Silver is Going to 19'
    Yes, I wrote that in NFTRH. Actually, I think it was 460 and adjusted to 470. Anyway, it is not like I am surprised. Disgusted yes, surprised? No way. I have seen this movie before.

    I am not so much bearish on silver as I am on speculative excess in general. And the silver boyz can get as frothy as their evil cousins over in junk bond land, over in the stock market casino, over in the new stock frontier, China.

    NFTRH is not a newsletter to accompany players riding a bubble to blow off, and that is surely what the stock market managers in the White House, the Fed, at Treasury want. Bubbles. Everybody willing to play has a shot at the big time. I however, will continue to play the game but remain the same person I have been all along, which is a boring old voice of reason. This is why I am more comfortable when things are falling apart than when they are being levered up. I am a fairly conservative, sensible type of guy and most definitely not a player.

    I guess it is time to actually consider whether these creeps have the power to devalue the dollar right here in the light of day, to the benefit of speculators far and wide. Then again, the previous sentence may have rung the sweet sound of capitulation to those with tuned ears.

    I have gotten rid of most bearish positions in a conservative account and still hold them - including silver short ZSL, in a speculation account but have also added some positions in silver and gold/silver stocks to weigh a little more bullish from market neutral. Portfolios are at all time highs and I will not become a bitter or tired looking bear (Isn't that little fella cute in the previous post? He's just resting up for an active future).

    I can't tell you what my stance will be at the end of day, or the end of the week for that matter. But I can tell you, as a trader, that this pig will not beat me. If adjustments need to be made, they will be made and I will then outperform the greedy mess all the way up until termination, while having risk management in place every step of the way. It's what I did starting in 2003.

    The Dow-Gold ratio has been crashing since 2000, it's all one needs to know. NFTRH has its targets and it has its A, B & C scenarios. They are trying to go for C, and it will likely not end well when it does ultimately end.
    Nov 17 7:47 AM | Link | Comment!
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