I took my losses yesterday.  I guess they were able to knock Gold and Silver without knocking stocks.  Having missed a significant move I have no choice but to sit back and watch for a while.

This is the type of junk that the press puts out to keep the people at bay.  The public continues to sell their stocks and other than 401K and pensions the only people who seem to be retaining stocks are Wall Street and Company insiders and of course the government http://finance.yahoo.com/news/stock-rally-helps-regain-wealth-180341949.html  There will be a time to buy but I do not think this is it.

The market is strong today based on a rubbish Greece deal and a general expectation that the Non Farm Payrolls will be a good number "because" the BLS will make up what ever it wants to fit the picture.  If the number is bad it will be a disaster for the market.   Everyone knows it is all smoke and mirrors but they think they can get out in time when the music stops.   If the number is good I intend to sell into the rally.  I still think the big banks are stuck in a huge short gold and silver position and by all accounts their bear raids are being met by huge physical buying.  They have been able to get by with manipulating the metals for years because they control the paper markets but in the end it is physical supply that controls things and they are fast losing control of physical Silver at least because there is no government stock pile the dealers can borrow from.  The only way I can see that they have a chance to shake some physical supply loose is to scare the heck out of everyone and the only way I see they can do this is a a 1,000 or more  drop in the Dow.  A huge drop followed by an equally fast rally wouldn't hurt the Presidents re-election chances.  I am looking to buy gold and silver if we do get a sell off here because this is about the last time we will see prices this low until they reform the system and knock a few zero's of the currency.

NFP is due out this week.  As we know from previous reports they can invent just about any number they want by simply adding or removing people from the work force.  So its a crap shoot - if they want to keep this dog alive it will be a good one and that appears to be the market thought today  OR they might just want to surprise us all and shake the tree.  So not much to be said other than this is a crooked world in which insiders can make money what ever the direction of the market.  However, in the long run they cannot control what "the people" do in Greece, Spain, Portugal and Ireland and when those people see how well Iceland has done since it poked a finger at the banking system they are going to do the same thing - its just a matter of time.

Today was a good day for FAZ.  Stocks may rally back tomorrow or the next day but they are out to truly break Gold and Silver here so I suspect we will see more weakness in stocks.  They are still going to print and steal all the money they want so at some time we will see stocks and Gold and Silver go back up for good ( or at least until they reform the system) but if stocks were weak today on "Greece" just wait for Ireland Spain and Portugal.  So I am staying with my position which is now on side - it has been a long wait.

The more you look the worse it seems to get.  Clear manipulation to keep Gold and Silver down and now clear manipulation to keep stocks up.  These things never end well.  I still have FAZ - it is a painful ride so far but I have physical gold and silver and FAZ seems as good a hedge as anything right now.

If you want to sell a million ounces of gold do you do it slowley and quietly or do you dump it at the worst possible prices ?  Answer:  You dump it if you are already heavily short.  http://jessescrossroadscafe.blogspot.com/2012/03/single-large-seller-smashed-gold-market.html