Chinese Tell It How It Truly Is

December 19, 2009

“The United States cannot force foreign governments to increase their holdings of Treasuries,” Zhu said, according to an audio recording of his remarks. “Double the holdings? It is definitely impossible.” From Shanghai Daily

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A Perfect Reason to Sell GLD and Buy Real Physical Bullion

December 15, 2009

Why would you ever invest in the GLD etf when it has this written in its prospectus: Gold bars allocated to the Trust in connection with the creation of a Basket may not meet the London Good Delivery Standards and, if a Basket is issued against such gold, the Trust may suffer a loss. Neither [...]

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An Illustrated Guide to Tim Geithner’s Strong Dollar Policy

November 11, 2009

The Wall Street Journal wrote up an article today with the following headline: Geithner Affirms Strong Dollar Policy I almost choked on my drink when I read this. I could not believe that this guy is out there pulling the same stunt in front of the same people yet again. Honestly, how dumb do these [...]

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Goldman Sachs Lord’s Prayer

November 10, 2009

Courtesy of Jane Wells’ column @ CNBC The Lloyd’s Prayer Our Chairman, Who Art At Goldman, Blankfein Be Thy Name. The Rally’s Come. God’s Work Be Done, We Have No Fear Of Correction. Give Us This Day Our Daily Gains, And Bankrupt Our Nearest Competitors, Just As You Taught Lehman And Bear A Lesson. And [...]

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Five Steps To Help You Make Consistent Trading Profits in Any Market

November 10, 2009

Have Great Strategies, and Even Greater Risk Management These five steps will help you achieve consistent profits in any market. It doesn’t matter if the market is trending up, down, or sideways. All you need to do is keep these steps in mind. Know Your Market Analyze Your Outcomes Plan Your Trade Trade your Plan [...]

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Technical Analysis of Home Prices

November 5, 2009

I wrote this back on August 26th, 2006 on an old blog of mine and it’s quite relevant today: Roughly twelve years ago, my parents built a house in Arizona. The cost of building the house (3,500 sq. ft.) was approximately $250,000.00 (Remember, this was in 1994/1995) The same house is worth roughly $840,000 (in [...]

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Top Ten Rules For Successful Trading

November 1, 2009

I believe that it is imperative to be disciplined when trading. You should never lose sight of your ultimate goal, which is consistent profits. The most reckless traders ignore disciplined trading and they also avoid having any kinds of rules. They chase momentum, trade on a whim, double-down, so on so forth. I have made [...]

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Bernanke’s Conundrum: A Shakespearian Economic Dilemma

October 29, 2009

It’s almost 2010 and we find ourselves positioned on the precipice of uncertainty in the American financial markets. By early March of 2009 the Standard and Poor’s 500 Index had temporarily bottomed out at an eerily devilish 666 points. Ever since then it’s been a steady climb up to roughly 1050 points for an impressively [...]

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Charts That Will Make Your Head Spin

October 26, 2009

Ladies and Gentlemen, please make sure you are seated and in a well ventilated area! This article may be hazardous to those suffering from heart problems, the elderly, or those who are easily angered by irresponsibility. Let me show you some wonderful charts I found yesterday while tinkering around on economagic.com: The first chart should [...]

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Strong Dollar Policy – An Economic Battle Royale

October 22, 2009

Before you start reading this article, please turn on your stereo or mp3 player and queue up Kenny Loggins’ “Danger Zone,” or just watch this youtube video in the background. In 1971, the value of the dollar index was roughly 120. By 1981 the dollar index had seen a decline to about 85.0 This means [...]

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Zero Interest Rate Policy – A Global Experiment

September 27, 2009

This graphic comes from the Interactive Brokers website. As you can see from this table, the USA, Canada, Switzerland, European Union, England, Hong Kong, Japan, Sweeden, and Singapore currently maintain an active Zero Interest Rate Policy (ZIRP). According to Wikipedia (which isn’t really a great source, but it’s a good place to look for some [...]

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The Death of the Dollar

September 23, 2009

Just have a look at this doozy of a chart and tell me this isn’t some crazy shit. The chart is a winner. No, screw that, the Dollar is a winner… Winner of what? From the looks of it, I think the Dollar is going to win an all expenses paid trip right off a [...]

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Gold Price Chart Analysis

August 28, 2009

I have been writing about gold, or gold related topics for quite some time and the reason happens to be that I find the gold market to be one of the most intriguing, if not the most intriguing financial market in existence. Among the things that make it so interesting are the players involved: governments, [...]

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Things are not as good as they want you to believe

August 8, 2009

I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth, banks are going bust, shopkeepers keep a gun under the counter. Punks are running wild in the street and there’s nobody anywhere [...]

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Bernanke Ranked World’s Best

July 22, 2009

Here’s a screencap from Bloomberg.com (an otherwise reputable news source…) that had me laughing like a hyena. They had the audacity to put this as the top headline. The headline reads “Bernanke is ranked world’s best at handling financial crisis” We all know this is complete and utter bullshit and that Ben Bernanke has helped [...]

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