Archive - 2010 - Blog entry

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.

We are entering the slowest growth period in US history. Distressed state and local finances are pushing the public sector into 20 years of cost cutting that is sending education spending plummeting, leading to the great “dumbing down” of America. No productivity gains here. This is why I have been urging traders and investors to get their money the hell out of the US. They must be laughing in Beijing.

We are entering the slowest growth period in US history. Distressed state and local finances are pushing the public sector into 20 years of cost cutting that is sending education spending plummeting, leading to the great “dumbing down” of America. No productivity gains here. This is why I have been urging traders and investors to get their money the hell out of the US. They must be laughing in Beijing.

This Foreclosuregate deposition was taken on November 4, 2010 in Pinellas County, Florida, by attorney Christopher Forrest of The Forrest Law Firm and has to be one of the most damning yet. The reason I say "yet" is because Bryan Bly's video deposition is coming up next...

It would be a hoot if it turns out like this...

We are officially in an inflation trade melt-up.

Everything that is an inflation hedge has exploded since late August. Gold is up 15%. Silver is up 48% (courtesy of the manipulators finally getting taken to court). Agricultural commodities are up 25%. Oil is up 20%.

Against this backdrop, stocks’ 17% rally becomes slightly less insane. That’s right, stocks are up 17% since late August. What happened in late August? The Fed announced QE lite and promised QE 2 was coming. Almost to the day of this announcement, the US Dollar rolled over and dropped some 8% (it’s down nearly 15% since June).

The Maestro speaks at Jekyll Island ...

As policymakers display to their world their lack of clothes each and every day ($600,000,000,000 to prop up asset bubbles?), and Austrian remedies to the situation become more and more politically unpalatable as time passes and economic distortions become increasingly large, I illuminate 5 ways that politicians could realistically avert a complete collapse of the economy.

Pillagin', weighin' anchor' an' pukin' — that be how the FRB sails me hearties...the Gold be yer only savin' grace...

Let’s face it… if an alien came down from outer space and compared the US to other countries, it’d think we were just another 3rd world country that somehow managed to get bigger than the others. We’ve got the same levels of corruption, fraud, and lies, combined with the same looting, indebtedness, and crumbling infrastructure.

In plain terms, this is the beginning of the end. When an entire country’s economy is based on imaginary math, accounting gimmicks, and ideas that don’t even make sense on paper (let alone in reality) you know that economy will collapse.

A review of employment data shows some good signs, but not enough to overcome the negative headwinds.

Despite the recent price surge in crude oil this week--thanks mostly to a Fed's QE2-induced weak dollar, the fact is that crude inventory levels are actually sitting at the highest in 2010. This, plus other market factors coud pressuure crude prices to trade back down around the $75 to $85 range.

Once again we find some strange activity occurring in these markets from a trading perspective, and it is time that the increased staff and resources of the beefed-up CTFC enforcement division look into crude oil and silver markets, in particular.

It comes down to unreality--And it's fine with me 'cause I've let it slide--Don't care if it's a buyer's town or the sell side--I don't have any sound reasons--I've left them all behind--I'm in a Quantitative Easing state of mind...

QEII is truly lifting all boats, even the leaky ones, like the US stock market. The debasement of the dollar this policy assures will keep money pouring into virtually every tradable asset in the world, including stocks, bonds, currencies, commodities, precious metals, and yes, even real estate. The Fed knows it is creating a monster with the enormous amounts of money it is now creating, and that someday, it will have to drive a giant steak through its heart in the form of huge and cathartic interest rate rises.