EurAnalysis

Well said.

I have nothing to add.

This should give you a bit more confidence in your 1.20 target

http://www.cnbc.com/id/15840232?video=3000104223&play=1

Hope you're enjoying the sunny beach

QE is the most important for sure.

Current stance of BoE is to print as much as they can. It is noteworthy, that inflation already started to bite UK. Last year, they already overshoot 5%! Although now it is back to 2.5% we are still above BoE mandated target of 2%. The fact that BoE leaders are total noobs and may cause hyperinflation pretty soon should not be overlooked.

What I wanted to say is: Beware BoE. They can totally mess it up. They are doing their best to devalue Sterling and they are going to continue.

T

I think I may have found complete answer Geppy. Well, it is never complete, I know. I consider Grant Williams great fundamental analyst and in March edition of my favourite TTMYGH he analyzed UK very throughly. Give it a shot, I think you are going to like it.

T

My Dear Extended Family,
Investor’s Spring. Freedom at last!

You know that I have spent a good part of my life in an attempt to better understand the human experience looking for purpose. I would like to share with you a short conversation I had with Sai Baba in India in 1986.

He said to me "What would you do if I made you a warrior?" The room was full of spiritually liberal people. I answered "make great war." There was a collective gasp by the attendees. Sai Baba said, "Right Answer, Sinclair."

Nobody wants war, but if it comes your way, and is your duty to pursue, it must be done, and done well. This war has been brought to us by those that would profit by destruction in clear violation of common commercial code.

These demons do not just short a situations based on a premise and await profit.

They pound mercilessly on the bids, seeking to depress the price.

They sell short the shares index and other funds buy as a means to get large numbers.

They immediately start dirty tricks.

They turn you in to regulatory bodies in the area of your trading and in the country of your operation on constructed nonsense.

They seek authors to write negative articles from their imagination to insult your integrity as a company not only where you work, but also where you trade.

They pay people to adopt a multitude of nicknames to post horrific lies about you personally and your company on chat boards.

They have a trading campaign to sell every instance of good news you have.

They have a trading campaign to sell your positive closes within the last 30 seconds of the trading day.

They enter orders with brokers who know what they want to happen in sizes larger than the total average daily trading to sell at the market on the close of Fridays.

They trade other exchange listed shares on the NASDAQ out of line with the listed close to skew the closing prices to the negative.

They actually paint the charts with their trading to make your situation less attractive technically.

These are only a few of the standard dirty tricks they execute in order to profit from these illegal acts to profit from the short which is the fruit of their crimes.

Their offense is violation of common commercial code. The short is simply the means of illicit profits. I do not intend to preach to you, but rather lead by example.

Your job is to get the attention first of those that are the management and directors of the companies you invest in that have been manipulated.

You may have to be strong in order to accomplish this.

I am obligated in my corporate position to defend the company to the limit of my ability. I am obligated to say no, not on my watch. I am obligated to use all means, including litigation, to protect capital value on behalf of the investors. If I failed to do that I would be liable to you. This is true of every investment you have, not only precious metals shares.

Step one of "Investor’s Spring, Freedom" is to raise hell with the management and directors of your investments to take action to protect your interests from illegal and unethical activities. Tell them remedy exists in common commercial code moreso than securities laws.

I will let you know what I am doing as I do it. I will lead other companies to protect you by example.

It is up to you to do one simple thing. Wake up this bunch of brain dead office decorations, professional campers and rock hounds and get them to follow me in my march forward.

Respectfully,

Jim Sinclair

CurrencyMan:

Bottom Line: INTERVENTION TRUMPS FUNDAMENTALS so please understand you also need to know there is a GAME going on so your awareness does not lock you into your technicals and or fundamentals.

Einstein said "Play The Game Better Than Anyone Else"

I say life is not fair. Life is what you negotiate unless you went to a Batman movie recently.

Life is also cruel and you must live everyday to the fullest and never assume anything.

May We All Have A Higher Power Look After Us however in the end it is how we behave and help those around us that will lessen the chances of terror.

FREE WILL decides our World collectively. GOD is only an observer.

We are all in CONTROL until We are not.

Goodwill and Peace to everyone on this thread.

The last duty of a central banker is to tell the public the truth.
–Federal Reserve Board Vice Chairman Alan Blinder (retired)


Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by a deluge of bank paper, as we were formerly by the old Continental paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who instead of employing their capital, if any they have, in manufactures commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs. Prudent men must be on their guard in this game of Robin’s alive, and take care that the spark does not extinguish in their hands. I am an enemy to all banks discounting bills or notes for anything but coin. But our whole country is so fascinated by this Jack o’ lantern wealth, that they will not stop short of its total and fatal explosion.

–Thomas Jefferson


Santelli Blasts Bernanke: ‘Manipulation Is Manipulation!’

http://ecx.images-amazon.com/images/I/417u7eD8-tL.jpg


If the Top 1% Get 99% of the Income and Wealth, They Should Pay 99% of the Taxes...Damaged people are dangerous. They know they can survive... Is there any way the ultra-right will let go of its stranglehold on the US economy?

And Now This And Have A Great Weekend CurrencyMan

http://mathbabe.org/2011/09/11/worki...ummers-part-3/

Previously I’ve talked about the quant culture of D.E. Shaw as well as the tendencies of people working there. Today I wanted to add a third part about the experience of being “on the inside looking out” during the credit crisis...I started my quant job in June 2007, which was perfect timing to never actually experience unbridled profit and success; within two months of starting, there was a major disruption in the market which caused enough momentary panic and uncertainty that the Equities group decided to liquidate their holdings. This was a big deal and meant they lost quite a bit of money on transaction costs as well as losing money because other investors were pulling out of similar trades at the same time.

The August 2007 market disruption was referred to internally as “the kerfuffle”. I’ve grown to think that this slightly dismissive term, which connotates more of an awkward misunderstanding than any real underlying problem, was indicative of a larger phenomenon. Namely, there was a sense that nothing really bad was afoot, that the system couldn’t be at risk, and that as long as we kept our trades on balance market neutral, we would be fine, except for possibly bizarre moments of exception. The tone would be something like, if an upper class man went to a restaurant and his credit card was denied- the waiter would return the credit card with almost an apology, assuming that it must have expired or something, that surely it is a mistake more than an exposure of underlying bankruptcy.

This framing of the world around us, as individual exceptional moments, as mysterious, almost amusing singularities in an otherwise smooth manifold, continued throughout the credit crisis (I left in May 2009), with the exception of the days after Lehman collapsed (Lehman was a 20% owner of D.E. Shaw at the time of its collapse, as well as a one of our major brokers).

But Lehman fell kind of late in the game, actually, for those in the industry. In other words there were months and months of disturbing signs, especially in the overnight lending market (where banks lend to each other for just the night or over the weekend) leading up to the Lehman moment. I remember one experience during those times that still baffles me...



If the Top 1% Get 99% of the Income and Wealth, They Should Pay 99% of the Taxes...Damaged people are dangerous. They know they can survive... Is there any way the ultra-right will let go of its stranglehold on the US economy?

Chart just for fun. Imho we may soon be going hyperbolic. Those are panic levels.

Just stop for a while after driving 12 hrs to reply yr post and will continue the journey. Back to KL on Tuesday.

God bless you and your family too brother and thanks a lot . See u on Monday London open .... Have a nice weekend

How's your weekend brother ? What chart is that and the level. Don't mind to share . I have to go now. See u on Monday.

Quote ft:

"As a result, Spain’s 10-year bond yields rose to a high of 7.284 per cent on Friday, according to Bloomberg data, only slightly below the euro-era high of 7.285 per cent touched earlier in the crisis. Tradeweb, a rival data provider, said the 10-year yield touched a record of 7.309 per cent."

http://www.ft.com/intl/cms/s/0/0b781...#axzz21GSxcwUx

They said I should tell you to read whole article or they sue my ass.

T

Weekend started great yesterday, thx for asking. Hope you are fine as well. Now I am trying to find out target in bottomless pit. It is pretty dark in here.

And... need much PT Clonners for watch too much Monitors

Thanks Tom. I'll take a look at it sometime this weekend.

Wow! Great history lesson! I just spent half hour digesting this! Thanks Tom!

I am glad you liked it Wulf.

Now, I have almost decided what I am going to look for in the rest of the year. I will use this thread instead of MS Word while collecting thoughts. It is hard to grasp it since I still didnt stop to party.

Yesterdays break of starting point of this cycle was very important. Thats 6/2010 monthly close I am talking about. Last weekly candle just tells you the story. There are many important numbers on the way to be broken.
2121 thats a bit of a combo number. Fibo + mid of gigantic leg 2000-2008. choppy zone
Starting weekly close 19609
Starting daily close 18921
And finally. Starting low 18759 (which could be ideal low of a daily range)

The debt/leverage combo will keep on pressing on slowing of growth in Europe and imho all of this shall fall untill end of the year. I think cycle is entering stage when participants on the market started tu fully accept the bearish trend and we are about to accelerate in our way to 1,17 or maybe even far below in the darkness.

In the next week will be looking for reload at ,2203 as much as possible. as if 2121 zone is breached, we may not see this place for a long time.

T

Mumbo? Perhaps, Jumbo? For Sure. Thats the name of the cycles game. According to mumbo jumbo, we are going to be looking at zone 1,14 @ end of the year.

And the most important part of the analysis. Going to party again, so I wont be spamming anymore today.

T

If the red 200 sma is broken, then the previous swing lows will be in play at 1.1875 and 1.1640.
50% fib around 1.2155

61% fib sits around 1.1230 area.

Good analysis Tom.

Anything is possible. Our best course of action as traders is to take it one move at a time and practice patience, money management, and humility.

I have been saying it for quite some time now(I think back when price as in the High 1.30's. But the MAJOR breakout point is certainly the 1.1600. IF that level is broken we will see Parity very rapidly as there is frankly NOTHING to stop price once it gets there. Of course fundamentally there will need to be plenty to happen to see that type of Euro collapse and USD appreciate. Nevertheless, it IS a possibility.

One Channel at a time my friends. Regardless we should all be able to reap consistent pips if we keep to our plans and keep our heads in the game.