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Matrix Blows Up


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Today, The Matrix was being machine gunned by exploding energy prices and a huge upside reversal in gold and silver. The U.S. Peso was torched.

 

Al Green has been successfully breast groping for months now, but today he got his hand slapped.

 

No, not slapped, more like chopped off.

 

Things have gone completely out of control on the COMEX and NYMEX. Explosions everywhere. The Matrix House of Cards is folding.

 

But amazingly, the HeatMappers still haven't caught on. Not yet.

 

As usual, the 27-year old Fumble Managers were in ?buying the dip? at the 50-day, but were polesmoked into the close.

 

I wonder if they have been buying these 50-day touches with borrowed money or real money.

 

So far, the mutual fund scandals haven?t mattered.

 

According to Riverboater?s Gamblers Daily:

 

?The scandal wreaking havoc in the mutual fund industry isn?t deterring individual investors from pouring new money into stock funds. ?It?s such a nebulous scandal?, said Charles Biderman, chief executive of TrimTabs. ?What impact does it have on an individual investor? Probably none. It?s a scandal only for the newspapers and politicians. Everybody else is staying fully invested.?

 

AMG Data estimated that an average of $5.4 billion a week has been going into stock funds the past four weeks, the highest since May 2001.

 

 

????????

 

Anybody remember those Morgan Stanley ads? The hot Chinese rep named Lucy Lin selling high load proprietary funds to billions of ?new Chinese investors?? The ?financial advisor? attending the wedding and serving as toastmaster? How much in commission must have he cleaned up in order to cancel his tee time to attend one client?s wedding? How about that hot 19-year old Cello player with the juicy lips? Now at Julliard thanks to his tall, blonde, high cheekboned Morgan Stanley broker who HeatMapped the guy?s 503 "bee" funds into the High Beta Growth Fund?

 

As reported in today?s Wall Struck Journal, Morgan Stanley continues to offer ?unwavering commitment? to investors ?one client at a time?:

 

The Constant Pressure to Sell: Ex-Broker at Morgan Stanley Describes In-House Push

...............................

 

The chart below tells the story. $400+ gold prices are imminent. The 700-story Derivatives Tower is now on fire.

post-7-1069189752.gif

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FUMBLE!

 

Bulls Cough It Up

 

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Uncle Buck Breaks Shport

 

Bong Yield Down

 

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The Matrix House of Cards is folding.

The dollar is the common stock of USA Inc., and today it collapsed -- against gold, against crude oil, against the euro (which hit record highs as the U.S. president's plane touched down in Europe).

 

Of the three, the breakout in crude oil may have the greatest short term significance, as it feeds directly into the costs of corpses and individuals.

 

Soaring energy prices are the LAST thing in the world that's supposed to be happening. After all, hundreds of billions have been spent on energy security, including the oil-rich middle east region. For oil prices to bite our ass anyway is catastrophic.

 

It is possible that Bubble II is over. If Oil Shock III hits, we can then begin discussing Depression II. Snarling bearish ...

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TOAST!

 

7 of the last 8 trading days have been down. They've tried virtually everything, and none of it is working. Too many lies...and not enough true believers.

 

Foreign money has left (and will continue to leave) the arena.

The US Consumer is tapped out.

The trust in this system is going to be seriously shaken.

 

"Everybody told me stocks were going up.

"Everybody told me the economy was recovering."

"They all lied to me."

 

"NEVER AGAIN!"

 

Ready for a gap above 400 in the morning on gold?

Ready for the Nikme to drop 500 points overnight?

 

Assume the position, Al. You've earned it.

 

Party on! Plunger

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Wowwwwwwza!

 

What a day to be looooong on the gold stocks. (!!!)

 

Sorry I missed out on HL.

 

But I've pared my personal favorites down to these:

 

GG

BGO

CDE

WHT

GSS

 

And KGC - with much thanks to Maxi for persistently pointing out a great set-up. Props Bro!

 

Gold is breaking $400 tonight and will quickly test new, multi-year highs. Silver will follow.

 

The day of reckoning for PM shorts has arrived.

 

The Matrix will be too busy defending the leaning tower of disaster to be able to pay proper attention to these relatively puny markets. Frantic calls from the COMEX pits will go unanswered.

 

Best wishes to all and please, please be sure that you do not have all your assets in the paper markets only. Or in a Bank(s). Or a trading account.

 

Something wicked is brewing.

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4:12PM General Electric plans IPO for life & mortgage insurance unit (GE) 28.44 +0.63: -- Update -- Co announces its intention to pursue an IPO of a new co named Genworth Financial, that will comprise most of its life and mortgage insurance operations. GE expects to file a registration statement with the SEC in the first half of Jan 2004 and complete the IPO in 1H04. GE will hold a conference call at 8:30 AM ET tomorrow to discuss the significance of this move to GE and the GE earnings outlook for 2004. GE plans to sell about 30% of the equity of the new co in the IPO, and expects to reduce its ownership position over the next 3 years as Genworth transitions to being a fully independent co.

 

Gonna IPOffload to J6Pak and the Funds

 

Brilliant

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?It?s such a nebulous scandal?, said Charles Biderman, chief executive of TrimTabs.  ?What impact does it have on an individual investor?  Probably none.  It?s a scandal only for the newspapers and politicians.  Everybody else is staying fully invested.?

:unsure: :blink: :shocked

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