Friday, September 13, 2013

Palladium with a Massive Inverted Head and Shoulders to propel it to 1150

Palladium could be forming a massive inverted head and shoulder to propel it to 1150.

Palladium has a great story, just ask Vladimir Putin, lol

Gold bouncing hard on the big 50 Fibonacci

Gold bouncing hard on LOW volume, on the 50Fib from the big 2009 run up

Methinks that the "Syria Solution" was a great excuse for TCTB The Criminals That Be to work over the newly inspired gold bulls and bust their bubble.

All countries will continue to print.    That means all hard assets will become more valuable against all currencies.   Only the trading shenanigans will make it look tricky.   It isn't.

Running along the top of the channel, time for a real correction

I am not saying go ape shit short, but thinking that after the biggest pimp run in history, that we can accelerate up and out of the steep uptrend is just unlikely.

Monday, September 9, 2013

Largest Cave in the World only recently discovered in Vietnam

Big Gov scrapping for anywhere it can find money

Another sign of the times. Since the "financial industry" aka the business of printing, is the "powerhouse" of business activity, might as well tax it. ___________________________________________________________________________________________________________

Interactive Brokers would like to inform clients of the Italian Financial Transaction Tax (IFTT) which comes into force on derivatives 1 September 2013. Key information regarding the tax is provided below

Tax Rate: Varies based on the value of the transaction and the product traded, ranges between .00375 to 200 EUR per trade

Tax Base: The tax is assessed to both the buyer and the seller of the derivative. Unlike the IFTT on stocks which was implemented in early 2013 there is no benefit for netted positions during the day

Effective Date: The IFTT will be applied to trades of 2 September 2013

The following link provides additional information on the IFTT: link

Interactive Brokers Customer Service

Message Reference Number: 9529136, Sent Date: 2013.08.30 11:34:24 -0400

Excellent Bernoulli Channel on the Dow Transports

Ol crazy Oscar Carboni tells me that the Transports are a leader.

The Transports appear to have pushed the irrational exuberance to the top top of the Channel.

The Bernoulli 177 is the top outermost channel.    It could go ping the channel again, or it could in the towel here at the near term 78 Fibonacci retracement.

Drop a comment, is anybody out there, lol.   Smoked bear is not a good smell.

Long Term

Medium Term

 Short Term

The leader looks pretty sick, or at least exhausted, lets say.  What say you?