RESISTANCE & CORRELATION

For those who are chart oriented, here are a couple of interesting charts. An 11 year continuous bull market in gold ended in 2012. The entire 500%+ move was missed by douchebags like Barry Ritholtz and the other blowhard Wall Street shysters. They have been joyous over the last three years as gold has fallen a whole 35%.

The efforts of the Federal Reserve and their Wall Street owners to suppress the price of gold has been blatant. The massive sell orders designed to drop the price can be clearly identified. Rising gold prices reveal the economic dysfunction and Fed created inflation. Therefore, optics are everything while the ruling class finalizes their pillage-fest. But gold has begun to test resistance in its downtrend. If it breaks through the $1,300 level, it could be off to the races.

Chart of the Day

The price of gold has had a 93% correlation to the national debt over the last 114 years. This makes total sense, as the debasement of a fiat currency through debt creation makes hard assets that have retained value for centuries more valuable. The Fed’s manipulation and Wall Street’s rigged markets, with the blessing of the Federal government, has put a lid on the price of gold for the time being. Based on the historic correlation, gold should be priced at $1,700 today. The government adds $2 billion of debt per day. They are only men attempting to retain their wealth and power though dishonest means. They will fail. The US fiat currency will ultimately achieve its true value – ZERO.

http://www.bmgbullion.com/library_images/original/2120.jpg

If someone offered you 100 ounces of gold or $125,000 in fiat currency today and told you it couldn’t be touched for 20 years, which would you choose?

LAST SHALL BE FIRST & FIRST SHALL BE LAST

The momentum crowd piled into Japanese and Emerging Market stocks in 2013. The MSM dutifully bashed gold at year end, declaring it dead as an investment after an uninterrupted 12 year bull market, which they missed. After one month, it seems the momentum crowd has a problem and investors in the barbarous relic may not be so stupid after all. You also may be paying more for your ethanol this year, as corn prices are rising. But at least you can eat bread, as wheat prices have plunged.

I wonder if that bloviating fat ass Long Island lawyer, pretending to be a an investing guru, Barry Ritholtz missed the little gold rally? He missed the 1st twelve years of the gold bull market, but spent 2013 doing a victory dance about finally being right. He was probably too busy shilling his latest book, conference, or investment firm to notice the gold rally.

OBAMA’S TRUE 2013 DEFICIT

I’ve noticed numerous MSM mouthpiece articles with the exact same storyline – Obama’s shrinking deficits. They crow about FY13 being the lowest annual deficit of Obama’s presidency. I guess he became fiscally responsible when we weren’t looking. What the stories don’t tell is that the deficit was reduced by over $100 billion from FAKE payments by Fannie Mae and Freddie Mac to the Treasury. There was no money paid, just an accounting entry. These bloated pigs are insolvent, but through accounting gimmicks and failure to mark their mortgages to their true market value, they report billions in paper profits. They then pretend to repay the government. These are sham transactions, but our beloved government leaders know you don’t understand math or Ponzi accounting.

The MSM then must sooth the nerves of their readers by telling them that the deficit as a percentage of GDP is rapidly declining. They fail to mention that our government drones decided to “adjust” GDP up by $500 billion based on a “new” way of looking at things. So, you have a fake deficit number over a fake GDP number to get a much lower percentage. Isn’t that precious?

Earlier this week I saw that fat ass, bloviating, Long Island lawyer pretending to be an investment guru, Barry Ritholtz referencing the deficit at $550 billion and touting this number as proof that Obama and his liberal minions have achieved nirvana. I’m not sure if Ritholtz is really that stupid or just a lying bastard pushing his agenda, along with his books, newsletters, conferences, and worthless investment advice. This is a guy who was stranded for three weeks after Sandy because he was too lazy and dumb to buy a generator.

Maybe fat ass Ritholtz thinks that because the government stopped counting the daily outflow of $2.5 billion per day in May, that meant they weren’t really racking up the debt. If so, he is a bigger tool than I thought. Yesterday we got the truth. After stopping the national debt clock at $16.4 trillion back in May, the drones at Treasury unveiled our new national debt figure:

We sure can spend a lot of money when things are shutdown. The national debt jumped by $329 billion in a single day. Not bad for a days work.

The Treasury has a funky little site where you can run a report on the National Debt by day. Below is the output from September 30 of last year until today.

Let’s do a little math to figure out the true fiscally responsible Obama deficit for FY13.

The government essentially stopped counting on June 1, 2013. The national debt was $16.37 trillion on that day. There were 139 days between then and October 17. The national debt went up by $339 billion over that time frame, or $2.44 billion per day. At that rate, the national debt was really $17.035 on September 30, 2013.

This is where it gets hard for liberals and the math challenged. If the national debt was $16.066 on September 30, 2012 and $17.035 on September 30, 2013, what was the true deficit in FY13?

ANSWER: $969 BILLION

If you add back the FAKE Fannie & Freddie accounting entries, the true Obama deficit was approximately $1.1 TRILLION. That is only double the number fat ass Ritholtz was quoting.

All hail Obama and his fiscal responsibility.

The cumulative national debt from 1789 until 1982 was $1.1 TRILLION.

And people don’t think we have a spending problem?

Date Total Public   Debt Outstanding
9/28/2012 16,066,241,407,385.80
10/1/2012 16,159,487,013,300.30
10/2/2012 16,171,037,343,408.50
10/3/2012 16,153,318,273,015.00
10/4/2012 16,161,879,857,156.60
10/5/2012 16,161,866,671,342.00
10/9/2012 16,167,932,295,919.50
10/10/2012 16,157,753,419,211.10
10/11/2012 16,158,270,866,947.20
10/12/2012 16,157,542,962,383.10
10/15/2012 16,190,979,268,766.60
10/16/2012 16,199,574,839,671.30
10/17/2012 16,193,100,189,055.20
10/18/2012 16,198,174,452,215.20
10/19/2012 16,196,052,388,163.20
10/22/2012 16,198,677,971,774.40
10/23/2012 16,203,845,445,635.70
10/24/2012 16,194,791,826,674.80
10/25/2012 16,197,082,554,040.00
10/26/2012 16,197,815,714,310.70
10/29/2012 16,198,993,554,072.30
10/30/2012 16,204,061,671,104.80
10/31/2012 16,261,470,510,720.70
11/1/2012 16,221,685,381,838.20
11/2/2012 16,206,129,028,709.20
11/5/2012 16,209,959,246,534.10
11/6/2012 16,214,358,823,745.30
11/7/2012 16,213,982,129,207.30
11/8/2012 16,245,318,820,569.30
11/9/2012 16,244,708,707,467.20
11/13/2012 16,248,293,041,003.50
11/14/2012 16,244,384,093,831.90
11/15/2012 16,278,932,378,520.90
11/16/2012 16,281,329,916,599.60
11/19/2012 16,286,110,428,799.00
11/20/2012 16,292,689,481,349.80
11/21/2012 16,283,161,895,179.80
11/23/2012 16,307,488,943,564.20
11/26/2012 16,309,738,056,362.40
11/27/2012 16,317,681,766,441.40
11/28/2012 16,306,713,138,468.80
11/29/2012 16,323,083,449,604.90
11/30/2012 16,369,548,799,604.90
12/3/2012 16,338,092,943,716.60
12/4/2012 16,347,055,651,380.30
12/5/2012 16,337,928,777,944.10
12/6/2012 16,366,436,891,948.00
12/7/2012 16,365,370,575,377.40
12/10/2012 16,370,056,245,929.60
12/11/2012 16,375,874,429,255.50
12/12/2012 16,366,422,407,639.90
12/13/2012 16,369,984,159,473.80
12/14/2012 16,359,576,959,576.40
12/17/2012 16,351,193,522,286.90
12/18/2012 16,359,758,742,907.70
12/19/2012 16,352,043,784,079.60
12/20/2012 16,334,217,015,073.40
12/21/2012 16,336,217,360,826.40
12/24/2012 16,337,556,561,533.60
12/26/2012 16,337,860,200,635.00
12/27/2012 16,338,243,391,747.00
12/28/2012 16,336,461,552,606.30
12/31/2012 16,432,730,050,569.10
1/2/2013 16,432,705,914,255.40
1/3/2013 16,431,219,143,696.50
1/4/2013 16,432,707,263,449.50
1/7/2013 16,432,671,087,771.60
1/8/2013 16,432,659,028,067.50
1/9/2013 16,432,646,968,419.60
1/10/2013 16,432,692,129,510.80
1/11/2013 16,432,680,097,613.80
1/14/2013 16,432,643,996,680.60
1/15/2013 16,432,632,102,288.60
1/16/2013 16,432,620,067,491.40
1/17/2013 16,432,631,489,854.70
1/18/2013 16,432,619,424,703.00
1/22/2013 16,432,571,159,411.50
1/23/2013 16,432,559,091,945.90
1/24/2013 16,432,567,939,377.30
1/25/2013 16,432,555,923,758.90
1/28/2013 16,432,519,875,802.90
1/29/2013 16,432,507,858,820.40
1/30/2013 16,432,495,841,444.60
1/31/2013 16,433,791,850,294.00
2/1/2013 16,433,779,913,880.30
2/4/2013 16,475,048,398,165.70
2/5/2013 16,480,910,656,603.90
2/6/2013 16,479,954,658,103.50
2/7/2013 16,487,564,297,892.00
2/8/2013 16,488,908,847,828.20
2/11/2013 16,489,930,650,594.10
2/12/2013 16,494,367,339,423.60
2/13/2013 16,524,304,599,079.00
2/14/2013 16,540,800,290,147.40
2/15/2013 16,548,926,805,129.30
2/19/2013 16,552,819,142,207.40
2/20/2013 16,588,751,035,306.30
2/21/2013 16,608,318,357,376.50
2/22/2013 16,609,040,800,845.50
2/25/2013 16,610,557,777,904.90
2/26/2013 16,618,701,810,927.70
2/27/2013 16,607,216,503,950.70
2/28/2013 16,687,289,180,215.30
3/1/2013 16,640,135,316,625.30
3/4/2013 16,649,703,459,968.00
3/5/2013 16,663,709,478,521.00
3/6/2013 16,692,238,790,019.20
3/7/2013 16,701,250,641,109.60
3/8/2013 16,701,846,937,879.70
3/11/2013 16,703,943,129,416.10
3/12/2013 16,709,976,214,794.40
3/13/2013 16,700,634,854,470.50
3/14/2013 16,708,225,460,175.10
3/15/2013 16,731,693,041,858.10
3/18/2013 16,736,188,026,047.80
3/19/2013 16,749,269,587,407.50
3/20/2013 16,739,939,855,865.30
3/21/2013 16,750,130,322,121.00
3/22/2013 16,749,924,938,094.40
3/25/2013 16,753,443,064,898.80
3/26/2013 16,759,063,744,572.40
3/27/2013 16,749,482,454,905.80
3/28/2013 16,766,988,432,792.60
3/29/2013 16,771,379,006,760.30
4/1/2013 16,792,120,009,606.80
4/2/2013 16,804,876,955,116.70
4/3/2013 16,786,970,142,478.80
4/4/2013 16,798,051,589,934.60
4/5/2013 16,797,828,899,086.80
4/8/2013 16,802,515,751,907.60
4/9/2013 16,808,274,414,207.10
4/10/2013 16,798,984,234,792.30
4/11/2013 16,808,067,104,144.00
4/12/2013 16,808,240,386,273.50
4/15/2013 16,801,307,487,216.50
4/16/2013 16,812,065,609,373.20
4/17/2013 16,807,270,364,907.30
4/18/2013 16,779,469,574,292.60
4/19/2013 16,781,967,702,405.30
4/22/2013 16,787,451,118,147.30
4/23/2013 16,798,952,599,955.50
4/24/2013 16,794,349,827,897.30
4/25/2013 16,758,107,082,298.60
4/26/2013 16,756,644,393,707.00
4/29/2013 16,758,168,229,380.20
4/30/2013 16,828,845,497,183.90
5/1/2013 16,805,036,884,755.00
5/2/2013 16,794,979,173,216.60
5/3/2013 16,780,900,194,134.10
5/6/2013 16,788,427,184,539.40
5/7/2013 16,795,552,390,198.40
5/8/2013 16,784,106,881,842.70
5/9/2013 16,754,734,781,812.80
5/10/2013 16,753,992,575,790.10
5/13/2013 16,755,788,437,042.40
5/14/2013 16,760,961,851,934.60
5/15/2013 16,765,040,725,133.70
5/16/2013 16,734,808,644,648.00
5/17/2013 16,737,328,238,148.10
5/20/2013 16,737,294,304,715.50
5/21/2013 16,737,282,992,090.70
5/22/2013 16,734,032,974,210.20
5/23/2013 16,736,576,618,573.30
5/24/2013 16,735,424,271,257.80
5/28/2013 16,737,219,726,401.20
5/29/2013 16,737,208,536,433.80
5/30/2013 16,737,246,099,998.80
5/31/2013 16,738,821,943,986.10
6/3/2013 16,738,788,832,145.30
6/4/2013 16,738,778,336,691.50
6/5/2013 16,738,767,256,596.60
6/6/2013 16,738,770,826,158.50
6/7/2013 16,738,759,828,986.40
6/10/2013 16,738,726,834,732.30
6/11/2013 16,738,715,835,680.50
6/12/2013 16,738,704,836,178.50
6/13/2013 16,738,708,293,971.50
6/14/2013 16,738,697,370,019.80
6/17/2013 16,738,664,595,327.60
6/18/2013 16,738,653,639,711.50
6/19/2013 16,738,642,755,073.30
6/20/2013 16,738,645,811,490.40
6/21/2013 16,738,634,995,209.70
6/24/2013 16,738,602,543,527.10
6/25/2013 16,738,591,725,217.10
6/26/2013 16,738,580,905,836.30
6/27/2013 16,738,629,048,819.00
6/28/2013 16,738,320,054,489.20
7/1/2013 16,738,309,305,648.20
7/2/2013 16,738,298,556,333.20
7/3/2013 16,738,287,806,544.20
7/5/2013 16,738,281,074,058.70
7/8/2013 16,738,249,094,798.80
7/9/2013 16,738,238,434,108.90
7/10/2013 16,738,227,772,946.00
7/11/2013 16,738,230,684,008.80
7/12/2013 16,738,220,086,104.50
7/15/2013 16,738,188,365,630.00
7/16/2013 16,738,177,765,933.40
7/17/2013 16,738,167,165,761.50
7/18/2013 16,738,168,990,385.70
7/19/2013 16,738,158,460,368.60
7/22/2013 16,738,126,867,888.50
7/23/2013 16,738,116,336,111.10
7/24/2013 16,738,105,803,858.20
7/25/2013 16,738,136,405,384.60
7/26/2013 16,738,125,957,131.00
7/29/2013 16,738,094,608,381.00
7/30/2013 16,738,084,158,233.50
7/31/2013 16,738,599,194,294.80
8/1/2013 16,738,600,261,139.00
8/2/2013 16,738,589,818,505.90
8/5/2013 16,738,558,487,748.50
8/6/2013 16,738,548,043,209.60
8/7/2013 16,738,537,598,194.20
8/8/2013 16,738,541,240,281.10
8/9/2013 16,738,530,794,717.40
8/12/2013 16,738,499,455,164.90
8/13/2013 16,738,489,007,693.40
8/14/2013 16,738,478,559,738.10
8/15/2013 16,738,484,642,516.80
8/16/2013 16,738,474,221,654.90
8/19/2013 16,738,442,956,309.10
8/20/2013 16,738,432,533,607.00
8/21/2013 16,738,422,110,434.90
8/22/2013 16,738,460,765,994.00
8/23/2013 16,738,450,395,371.10
8/26/2013 16,738,419,280,739.50
8/27/2013 16,738,408,908,240.10
8/28/2013 16,738,398,535,315.90
8/29/2013 16,738,401,335,152.10
8/30/2013 16,738,649,841,392.70
9/3/2013 16,738,618,787,875.30
9/4/2013 16,738,608,435,751.20
9/5/2013 16,738,608,362,951.80
9/6/2013 16,738,598,129,329.00
9/9/2013 16,738,567,425,782.40
9/10/2013 16,738,557,190,345.30
9/11/2013 16,738,546,954,446.60
9/12/2013 16,738,543,125,208.30
9/13/2013 16,738,533,025,135.60
9/16/2013 16,738,502,722,145.90
9/17/2013 16,738,492,645,235.00
9/18/2013 16,738,482,606,783.00
9/19/2013 16,738,503,812,337.70
9/20/2013 16,738,493,983,660.00
9/23/2013 16,738,464,494,846.80
9/24/2013 16,738,454,664,319.30
9/25/2013 16,738,444,833,205.50
9/26/2013 16,738,443,175,473.90
9/27/2013 16,738,433,470,635.60
9/30/2013 16,738,183,526,697.30
10/1/2013 16,747,478,675,335.10
10/2/2013 16,747,468,940,509.70
10/3/2013 16,747,468,275,799.20
10/4/2013 16,747,458,528,953.00
10/7/2013 16,747,429,285,635.10
10/8/2013 16,747,419,536,935.40
10/9/2013 16,747,409,787,772.30
10/10/2013 16,747,421,858,503.20
10/11/2013 16,747,411,584,091.50
10/15/2013 16,747,370,534,090.60
10/16/2013 16,747,360,549,057.20
10/17/2013 17,075,590,107,963.50