Odds. Ends. Out.

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Even the laws of nature are "not so" randomly rewarding the 1%

Same person wins the lottery....... again! WTF is wrong with reality!

http://news.yahoo.com/blogs/sideshow/cnn-producer-third-person-win-georgia-lottery-second-173440037.html

I just want to openly admit that I might have a man-crush on the Turd. I can't remember ever reading anything financial related with a big Cheshire grin on my face. Yet, here I am, smiling as wide as I can.

Love the Pig chart with "lines drawn all over it".

... the Bullion Bank Cartel.

Thanks for the new thread and links.

Lookey here: http://www.newsmax.com/Headline/iran-alqaida-planning-attack/2012/02/16/id/429684?s=al&promo_code=E31A-1

I am not buying that there will be a terrorist attack as noted.  I am, though, pointing out the increasing frequency of the news articles that themselves are announcing all sorts of bad Iranian intentions.

I HATE to be the chicken little, but, caution is warranted to at least pay attention to the headlines.  One need not believe what is written; one need only pay attention to the headline and question WHY the headline appears.

In my line of work, proof of a fact may be direct, or indirect.  Sometimes, the ABSENCE of facts proves point.

Where are any headlines from ANY source, pointing out that Iran is suffering from the US sanctions, and wants desperately to avoid a conflict with Israel or USA?  Hmmm . . .

By the way Turd, sorry to hijack your thread   Nice chart work, though.  Thanks!

1. Do the Rothschilds/Owners of the Fed/ECB etc.... want Obama for 4 more years?

2. Does a false flag event hurt or hinder answer to number 1

I thought the position limits didn't matter?

http://www.zerohedge.com/article/guest-post-jp-morgan-wins-cftc-position-limits-do-not-apply-them

Am I missing something?

I have read that Iran is experiencing hyper-inflation because of US policies.  Do you contend that this is a lie?

I have read that as well, only more like an anecdote, not as a full news story.  Also, the context of what I recall reading was that monetary sanctions was causing currency issues but this only was a precursor to pointing out that Iran's leaders did not have the interests of their people in the forefront.  

In short, it reinforced the Iran's-Leader-Is-Crazy theme, rather than pointing out any facts from ANY source showing that Iran's citizens want peace just like we do.

That is all I am saying.  I am not taking a position.  I am just analyzing what information is being presented, and drawing conclusions by asking "Why did the article present that information, and not other information?"

At risk of beating a dead horse here but I want to make an addendum to the chart I posted earlier. As you can see Silver has definitely broken the green downtrend line vs gold just as it has done I hope it will soon do in the silver vs dollar chart. What's not to like?

In case you missed it the original post follows the chart...

Here is a chart of the GSR, flipped so we can see silver action properly expressed in terms of gold.  Some features: first we have a significant low in silver vs gold in 2008. In terms of Fibonacci retrace levels we are are right at the overhead resistance level of 38.2%. We have just recovered from a full 50% retrace of last springs high. We have 2 tests of the 50% level and have rebounded from there. Also notice that the 50 day moving average looks like it has turned a corner and is now headed up while the 200 day is moving down. If you look back in time to about August 2010 you can see that silvers huge up move from then to last spring took place after the 50 crossed the 200. 

I am no expert at TA but I would say that it would be very bullish for silver vs gold if silver were to break the fibo retrace level of 38.2% and even better if we get the 50 crossing the 200 SMA. Also we might look for a test of the 50 day line before going higher.

So is it time to swap gold for silver? I just did a little bit of that but am waiting for a breakout to go deeper in on silver.

Please add your comments and analysis. I would like to know what you guys think! Also I wanted to note that last spring when Silver hit 30 vs gold I traded the other way.  

EDIT: One more comment. It seems significant to me that the trend line has just crossed the 50% retrace level. That should provide strong support at that level, no?

just finished watching the video and honestly, this guy will make you go out and buy a 100oz of Silver...

Some Highlights...

• The major monetary metal in history is Silver, not gold. Milton Friedman
• Silver IS money- i will not back down from that argument
• The Silver specie standard was widespread from the fall of the Byzantine Empire until the 19th century
• The Chinese character for money is a building housing silver

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In 52

5i5ty twoooo countries... the word for Money is Silver

In other words the word money (silver) is synonymous

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Only in NORTH AMERICA have the hard money people been BRAINWASHED to think of silver as only industrial...

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Fried(e)...good stuff

Interesting thoughts SRS. I have been wondering as to the run up in fuel prices especially.  My job takes me overseas with little to no news/internet connectivity for months at a time.  Therefore upon a return I am always more aware of the price shocks that everyone else experienced gradually.  I was surprised to see gasoline at $3.40 a gallon (now $3.45) after being in the $3.20s for so long. I was thinking about how this may effect the election.  It seems to me the administration is fully in control of managing the recovery facade in most areas, such as the unemployment numbers, extending unemployment benefits, payroll tax cuts, mortgage schemes, stock market pumping, and of course, free birth control for everyone! But gasoline prices, now those may be the Achilles heel for this flaming pile of V-shaped nonsense that is crammed down our throats through the media.  How can they be controlled when war with Iran is already underway? Sanctions are an act of war, and if not convinced remember that the first thing Britain did after the skirmishes at Lexington and Concord were to close the port of Boston.  Will voters tolerate $4 gasoline just because the president wants to install a Goldman-backed bank in Tehran?

It seems you have discovered some alarming trends in your research.  As to research as a hobby, I applaud that direction over many other things you could be doing with your time.  I have found this to be worthwhile as well.  My education began the day I graduated and didn't have to worry about test scores and regurgitating the established theses of academia.  I can probably learn more from the city library and youtube than I did in 22 years of federally-funded education.  Just remember to get out once in a while, and my simple rule is any activity that wasn't mass-marketed to you is a good thing.  Sometimes even a mass-marketed activity is fine too for your sanity, as long as you recognize the marketing beforehand and make a conscious decision to partake.  This is the distinction of a well-rounded individual over a Real Housewives of Peoria drone.

"Let me confess one of my greatest fears about a potential future bubble in silver. If a silver bubble does develop, by definition large numbers of uninformed investors will join in the fray, eager to capture sure profits. The concerns for risk will be cast aside, as they are in any bubble. Undoubtedly, many of my former bullish arguments for buying silver will be trotted out as current reasons for buying even as price and risk grow. I doubt very much that I will be pounding the table to buy in a silver bubble and instead will probably be way too early in suggesting its sale. Yet new uniformed buyers will mistakenly view my past pronouncements as reasons to buy after a bubble is formed. The thought that I will inadvertently be responsible for damage to the latecomers is troubling."

"Of course, the risk to latecomers only grows deep into the bubble, should it form. The risk of a silver bubble bursting now is remote, because it hasn’t formed yet. Yes, there is always the risk of short term sell-offs for reasons related to manipulative activities on the COMEX, but those sell-offs should be viewed as buying opportunities as has been the case for the life of the silver bull market to date. In terms of a bubble-like collapse in silver prices, that risk will not exist until a bubble first forms."

"In the meantime, since a bubble has not yet formed in silver, what are the possible effects on the price should a silver bubble form? Certainly, I have not been particularly surprised by the 8 to 10 fold increase in price over the past 5 to 10 years. If anything, the price performance to date in silver, given all the facts, has been somewhat muted. Leaving out a possible bubble forming, it would not surprise me to see eventual long term silver prices at $100 or even $200. That’s without a bubble. If a silver bubble does form, it is hard for me not to imagine some multiple of those prices."

Reader Scott Pluschau, a frequent contributor to this column, sent me this short note yesterday..."Since you mentioned TA and equities the other day, Wednesday was a key reversal day in the Nasdaq 100 on a surge in volume...if you have any interest." I did...and his blog from yesterday is well worth a look. The chart is a standout...and the link ishere.

JPMorgan, HSBC Among Firms Accused by Informant Bank in Canada Libor Case

JPMorgan Chase & Co., Deutsche Bank AG and HSBC Holdings Plc are among at least seven firms accused by another bank of participating in a conspiracy to manipulate the price of derivatives worldwide for more than three years.

The unnamed bank, seeking immunity, told Canada’s Competition Bureau that traders and cash brokers conspired to influence the Yen London interbank offered rate from 2007 to 2010 to profit on interest-rate derivative positions linked to the benchmark. The bureau spelled out the probe in documents it filed with the Ontario Superior Court in May.

The documents, shown yesterday to Bloomberg News by court clerks, offer one of the most detailed accounts yet as watchdogs in Europe, Asia and the U.S. look into concerns that firms conspired to manipulate interest rates serving as benchmarks for trillions of dollars of financial products. Canada also is investigating Citigroup Inc., Royal Bank of Scotland Group Plc, ICAP Plc and RP Martin Holdings Ltd., the court documents show.

The link is here.