GATA vs The Evil Empire

Your comments on insurance and its costs in the pod-cast thread touch on a sore point for my wife and me.

I don’t get to watch a lot of BBC broadcasting but, from what I have seen, it appears to be relatively commercial free.  Not so here in the USA.  Networks have continuously trimmed back minutes devoted to content in favor of more commercials.

Much of those commercial minutes are devoted to slick, lengthy ads for prescription drugs.  These ads are designed to motivate the infirm and the hypochondriac to ask their doctor if such and such a drug would help them.  These ads cost millions to produce and broadcast endlessly.  How is the airtime paid for?  By tacking the cost onto the cost of the drug.  Add this to the additional demand generated for the drug by the ads, and the price goes up even more.  

But the cost doesn’t stop there.  If you’ve seen our drug ads, they are always accompanied by warnings such as “rare but sometimes fatal side effects such as stroke, seizure, compulsion to own precious metals”, etc.  OK, was only kidding about the PM part.  In any event, there are apparently enough side effects to maintain a cottage industry of trial attorneys who make their living suing drug companies and doctors over the ill-effects of prescription drugs.  When these suits lead to large settlements, that cost has to be paid for somewhere.  Where?  For the drug companies it’s added to the cost of the drug.  For the doctor, it’s covered in mal-practice insurance.  They add this cost to their fees.  In turn, the cost of the drugs, the ads, the large settlements and the mal-practice insurance gets passed on to the health insurance provider.  Who pays in the end?  The consumer pays in the form of higher premiums.  Not sure you have the vicious circle described above in Great Britain.  You’d think that if Congress was worth the money they were paid, they might address this situation.   Nope, we just need to have the government take over all aspects of health care.  And, I guess that the hefty campaign contributions from drug companies and attorneys lobbies help them justify putting off doing anything really constructive.

A similar situation applies to property and casualty insurance.  I don’t recall Britain experiencing much in the way of property damage since the Blitz until the recent riots by mobs of moronic teens.  Don’t believe you have hurricanes, tornados, windstorms, droughts, massive forest fires, floods, etc., to the extent we do.  And, as another poster mentioned, some of us like to build our homes on cliffs and in areas likely to flood.  That will add to insurance premiums.  But, wait, there’s more.  If you’re not happy with your settlement if your home got washed away, there’s the friendly attorney on the big screen tv telling you that they’ll help you get MORE.  The cost of class action settlements and litigating them get factored into the premiums and passed to the consumer.

I’d appreciate hearing your observations on how this all works in Great Britain.  I may be wrong, but I believe that many of the high insurance costs we suffer in the US are partly self-inflicted by our tolerance for allowing drug companies and plaintiffs attorneys to flood our airways with self-serving tripe.  Maybe that's the price we pay for less government control over the media.

OK.... my first look today at SVM didnt do it justice.  SVM deserves a very serious examination now.

TomL   ........ look at all the indicators and Moving averages in both weekly and daily charts,and the support/resistances zones, and all the technical stuff  we look at .....SVM is really interesting  right now.

So many things to see here.

Yes, that reverse head and shoulders, yes, ita a clear breakout, in fact two layers of breakout....but still could see a pullback to at least  try to retest the 8 - 8.40 area   (There is that big Gap to fill between 8.70 and 8.30 ) (I'm seeing price points  in the 50% formula that  look like  a top of 9.80,  a bottom of 7.20 , and a target of 8.50 in the middle now)

The breakout ,with the positive news  does look  like it has strength.

But there is significant resistance at the 144 MA right at 10.00....the 200 MA is around 10.60

There is a clear support line across the 9 dollar zone. The Daily  Moving average lines  in relation to the Weekly Moving average lines are very interesting.   Just start with the 144 MA on both.... the daily is resistance overhead at 10.00 but the weekly  is support ,and a pullback target at 7.42.

Lots of magnetic  energy   inside this range/zone 

The soaring move up today was impressive but the  candle has pulled back with a decent spike now

The next upside target   after this is the 12 area. thats a little far away still....

There would be time for price to pullback from here.  Maybe the next few days will see price bounce off the 10.00 resistance a few times and failing  to break thru it, falls back in correction to retest the 9 and 8 areas.

But so many technical things to see here. It does look like a 5 wave  structure completing here,which also suggests an ABC pullback in the coming days.  

one last thing....the indicators RSI and Stoch are Not overbought   on both the weekly and daily charts.....   They bounced off the 50 on the daily and are nearing the 50 on the weekly. 

Its hard to keep technical analysis simple ,with so much to see, but  the indicators  could be telling of more room for this puppy to run  higher,before it makes the pullback .  But I would not chase it now.  I'd wait for whatever pullback we get ....below 9,closer to 8.30..... and it looks like the gift bargain is now 8. It used to be 7 and 6.

Head Of China Sovereign Wealth Fund Voices Displeasure With China's Debt Slaves, Calls Europeans "Lazy" And "Entitled"

Submitted by Tyler Durden on 10/24/2011 - 13:29

zerohedge.com

Add another state revenue shortfall to the pile....

http://pa.gov/portal/server.pt/document/1204816/2011_09_mrr_pdf

General Fund collections of $2,323.0 million for the
month of September were $151.8 million, or 6.1%,
below the official estimate. Fiscal year 2011-12 collections
of $5,849.1 million were below the official estimate
by $215.0 million, or 3.5%.

In the last 2-3 hours, Dow has been flat. It's funny how "investors" decided to buy all morning but suddenly, they decided not to do anything in the last few hours funny that. Volume is so thin it's translucent...

Again take your profits if  you have any, you will be glad you did.

Enjoy your day all, errands to run. signing out.

be well.

Fed. Dudley, says possibility of QE3.

Should be interesting to see PM's react. Crude up over $4.

Jeb Handwerger: Gold, Silver, and Miners About to Reverse Higher by babybulltwits

GoldStockTrades.com - Do not be in anyway daunted by this recent correction and volatility in gold, silver and the miners.  The upward ascent in the precious metals drama requires not only patience, but the awareness that 20-30% pullbacks in bullion are characteristic and frequent.  One should’ve been prepared for short term downward moves in precious metals, which we have recently witnessed as gold exceeded overhead resistance in early August.

We are on the verge of The Fed implementing some form of stimulus in order to revive an economy which is undergoing cardiac arrest.  It matters not how the Central Banks disguises this shibboleth.  The important instrument is the application of a kind of defibrillator to jumpstart a moribund economy, which will serve to revive patients on both sides of the Atlantic...for the time being.  This will not be a permanent thing, there will be more stimulus down the road.

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exiledbear--you wrote:

"I mean really, would you take a bunch of men who wear dresses and molest little boys - how seriously would you take them? What level of credibility would you give them?"

Why belittle the traditional attire of the leadership of the Roman Catholic faith?

How many of these leaders have molested anyone, much less little boys?

If you, yourself, were the victim of a priest's criminal assaults, you have my sympathy.  But, unless you know that the Pope or any of his subordinate leadership committed such crimes, then you really should not promote lies about them.  The fact that some small percentage of priests are criminals does not mean that all are.  That is like saying that "exiledbear is an idiot so all posters on TFMR are idiots."  Get it?

Finally, why is it that all the tough guys like to attack Christians and Christianity, but none is willing to step up and publicly attack Islam?  Remember, Islam was founded by Mohammed (which is why it truly is Mohammedism) who, during his years of creating this religion, took a six year old girl as his wife and consummated the marriage when she was only nine.  Moreover, most traditional Muslim men wear clothing much like the tough guys like to describe as "dresses."  In addition, while the Catholic Church and Christianity more generally is the most tolerant institution of religion imaginable (after all, forgiveness of even heinous acts is at the core of the faith), Islam is the least tolerant (prescribing death for such heinous acts as adultery).  So, where are all the tough guys when they are not out bullying a cheek-turning Christian? 

Why would we be surprised that they back a one-world banking system...  a step before a one-world government...  NWO.   It's a sick institution and, for me, has nothing to do with being Christian.

Right click on the link and Open in New Tab so you don't have to leave Town....

It's the series of classic "Lost Stills" from the movie The Hangover.

http://www.youtube.com/watch?feature=player_detailpage&v=zLO70NN9iz4

The POPE allowed the molestations for many many years! THEY knew it was happening. I had a friend who joined the priesthood and had to QUIT because of the huge amount of pedophiles he witnessed. He was disgusted, they were all gay and freaks. My wife's sister's  minister, married with 3 kids, was caught diddling a child. The church should be closed in my opinion.

(1).  Buy a copy of Church History by Andrew Miller and read it.

(2).  Move those revelations of truth to a forum.

I read something this morning that Chinas economic cooling numbers from the last reporting month reversed in the current report, suggesting growth.

GOLD.......................

Extremely sad. So the "axis of evil" Gadaffi, Chavez and JungIll are all being taken out one by one for their AU. I wonder if its coincidence that they dont participate in global central banking agendas, hmmmm? Deduction says NKorea should start getting some play on the MSM. 

BSD