Money Flow Trading Method along with Risk Management

Now back to the Eurozone and the probable eventual break up which will be called Italyexit !!!

https://mishtalk.com/2016/12/12/euro...ny/#more-42750

Snippet:
The eurozone cannot survive without Italy. The serious problem at the moment is the Eurozone also cannot survive with Italy.

Two of Italy’s three largest parties are anti-Euro. The only party in Italy that does support the euro is ex-prime minister Matteo Renzi’s Democratic Party. And with Renzi gone, there’s a huge risk the party splinters.

Regardless, there are no likely scenarios that can keep things from flying apart according Wolfgang Münchau. I believe his analysis is solid.
https://mishgea.files.wordpress.com/...ng?w=529&h=380
Münchau makes a detailed case why the eurozone is doomed in Italy Poses a Huge Threat to the Euro and Union.
He lists five ways the Eurozone can stay intact. However, none of them stands up to close scrutiny.

1. Italy and Germany could converge. To do this, Italy would need to undertake economic reforms to clean up the justice system and the public administration, cut taxes and invest in productivity-increasing technologies. Germany would need to run a higher fiscal deficit.
2. The northern European states accept large fiscal transfers to the south.
3. The EU creates a federal political authority with powers to raise taxes in order to transfer income from high to low-income earners.
4. The ECB finds a way to bankroll Italian public and private debt indefinitely.
5. Italy’s government will forever continue to support euro membership.

“Only one of those five conditions may be sufficient for Italy to remain a member of the euro. The problem is that each one is extremely improbable. And I cannot think of a sixth one,” says Münchau.
However, the consensus opinion is that Italy will not leave the Eurozone because the deck is stacked against that event.
The Italy won’t leave rationale looks like this:

1. The Five Star Movement (M5S) would have to get into power, but the new technocrat government’s first mission is to rig the rules so that does not happen.
2. Even if M5S wins the lower parliament, it still may not control the senate.
3. Even if M5S takes complete control of parliament, it would have to change the constitution.
4. Changing the constitution without a super majority would require a vote.

The problem with the above thesis is there is only one party that wants to keep the Euro and coalitions will form if for no other reason than people are fed up.

Comments from Benjaminis: We live in interesting times and the FUTURE is unknown and markets hate uncertainty.

Here is the 5 minute chart from Finviz of USD/JPY.

http://finviz.com/forex_charts.ashx?t=USDJPY&tf=m5

As you can see what happened overnight for the reasons already explained in previous posts this morning. If I had been awake as I usually am for sure I would have gone short one additional position of USD/JPY and taken my profits this morning. There is no way that you can lose by taking a profit. That position NOT TAKEN is my very short term trading position trading around my set Trade Plans to keep me involved until the direction goes one way or another.

By the way technical indicators are very important to my overall trading methods as I have designed my own standard template for my technical indicators which are used to show support and resistance. I use the 5 minute charts as well the 15 minute charts. I will get into the technical side of trading in later posts.

http://www.zerohedge.com/news/2016-1...ops+to+zero%29

Snippet:
This is getting outright ridiculous.
The Bank of Japan is now depreciating the Yen against the $USD on an almost hourly basis.
This is the Yen carry trade. And it’s the SINGLE BIGGEST DRIVER OF THE MARKETS TODAY. As you can see, in the last two weeks, the S&P 500 has following this pair almost tick for tick.
http://www.zerohedge.com/sites/defau.../GPC121216.png
I want to be clear here… for a MAJOR world currency to move like this is almost unprecedented. By some metrics, the Yen is now moving like a currency from a developing 3rd world country.
This price fix will break as all price fixes do. And when it does, the markets are going to crash.
http://www.zerohedge.com/sites/defau...GPC1212162.png

http://www.investing.com/currencies/usd-jpy

The last two posts that I did lead to a Trade Plan of shorting 3 positions of USD/JPY using capital of $3000 US Dollars and ONLY to be followed using a $50,000 US Funds Demo Account with FXCM UK. If you decide to take me up on my offer to teach proper Forex trading using my Money Flow Method and Risk Management and limited to only the first 6 people that post their name here on this thread as there is much work involved for me in doing this however I am convinced beyond any doubt that as long as the Forex Trader can control his/her EGO and Greed and the most destructive emotion , FEAR then using my method my goal is to assist the demo trader to earn a minimum profit in demo terms of course of $2500.00 or 5% of the trading account.

I repeat the conditions of my offer below.

It is common knowledge that 95% of all currency traders specifically the retail traders lose their money. There is a reason of course. I took over 3 years to learn my trade only Demo Trading and that was a great learning experience for me since FEAR was eliminated and Greed was not really much of any issue since I could not spend my demo dollars on the nice things in life. :-)

The EGO in my case was build up since over 75% of all my forex trades were winning ones and I averaged a ROI or return on demo investment of $50,000 US dollars of a minimum of 5% each and every month during the last year during 2005 of my demo trading. I would NEVER trade real funds unless my starting capital was $25,000 US and there is a reason behind that.

Risk Management is the MOST IMPORTANT part of my teaching. I am still looking for a maximum of 6 forex traders that would take 30 days to learn free of charge my Money Flow Method with proper Risk Management.

FREE OFFER AT NO COST OTHER THAN YOUR TIME !!!

I will teach the first 6 traders that sign up here how to earn 5% NET a month or ROI of 5%

CONDITIONS:

(1) You must have been trading for at least one year.
(2) Your methods have not been profitable.
(3) You will invest one hour a day of your time.
(4) You will open up a $50,000 US Funds Demo Account with FXCM UK
(5) You will email me your user name and password so that I can check your results daily.
(6) I will give you 30 days of my time and knowledge and at the end of the 30 days I will give you a grade out of 100 HOWEVER your real Grade will be if you show NET PROFIT or ROI of 5% or $2500.00.

A deep distrust of the financial system.

From WWW.GATA.ORG

http://www.gata.org/node/17005

"The crisis got me thinking," the private educator said.
"It's not because (the banks) don't do a good job, but if everything is online there's no way it's foolproof compared to your wealth held in your own hands."
These are unsettling times.

A recession looms. Extremist parties are on the ascent globally.

One of the oldest banks in the world is on the brink of collapse in Italy.

A sense of unease is on the rise, but with it, Singapore's safe-haven status has soared.

As investors the world over seek refuge in precious metals, they need somewhere to put all of it, and that somewhere, for many of them, is Singapore.
Commercial vaults on the island have quietly begun to bulge with gold and silver.

Even as the price of gold rose 11 percent to about US$1,177 (S$1,685) an ounce this year, the amount of gold and silver stored with Malca-Amit in the city-state has jumped some 45 percent in tonnage in the past year.

The secured logistics company's three facilities in Singapore totalling 1,240 square meters are now about three-quarters full, said the managing director of Malca Amit Singapore, Ariel Kohelet.

At The Safe House, operated by precious metal dealer Silver Bullion, the amount of silver has soared by 130 percent, or 2.3 million tonnes, on an annualised basis from last year.

The amount of gold stored there has increased by half from last year, or 20,000 troy ounces, according to Gregor Gregersen, founder of Silver Bullion.
Independent secured storage companies like these two are making hay as investors, increasingly wary of the banking system, move their precious metal out of private banks.

Joshua Rotbart, who owns an eponymous business helping customers worldwide to buy, sell, store, and transport gold, silver, platinum, and palladium, said 70 percent of his clients want private storage solutions so they can have direct access to their precious metals.

"They don't want to be subject to the bank's regulations, or the government telling them yes, you can, or no, you cannot," he said.
"They want to be able to go to the vault and if needed, take it, or make sure it's there.
"It's a trust issue with the financial system."

Similarly, Gregersen sees increasingly more customers transferring existing precious metals from other vaults outside the country.
Some 90 percent of these customers are from the West, with half of them from the United States and the rest from Australia and Europe.
British customers are also increasing in number after Brexit, he said.

While Switzerland was a popular destination for precious metal storage in the past, many Swiss banks and vault operators stopped accepting individual American customers three to four years ago, because of an American law that attempts to curb tax evasion by its citizens.
Singapore and American banks, on the other hand, are more likely to take on U.S. customers.

Meanwhile, another common destination for the glittering metal, Hong Kong, has run up against its own set of challenges.
"Increasingly people are afraid that Hong Kong is ultimately under Chinese control and the 'one country, two systems' (governance framework) is becoming weaker," Gregersen explained.

Throw in the political unrest in the city and customers are becoming jittery enough to start transferring their precious metals from Hong Kong to Singapore.
"Every location for long-term storage is really losing its appeal for many of the customers," he said.

"Singapore is standing out as a jurisdiction that has been shown to be trustworthy and stable" and "slowly being recognised as the single best storage place for bullion."

While wealthy families from North America and Europe make up the bulk of those buying and storing physical gold and silver for investment purposes, the trend is starting to take off in Southeast Asia as well, Rotbart said.
Requests for large amounts of bullion, reaching as high as US$5 million (S$7.1 million) in one go, started trickling in last year, though he adds that such cases remain in the minority.

"The majority still buy and keep it in their house or office. And they buy as they go, when they have a child or anniversary," he said.
Southeast Asians have a history of investing in gemstones, so they are familiar with the concept of storing wealth in tangible assets such as gold.
Tan, who put nearly three-quarters of his liquid assets into gold and silver, said there are two ways to store bullion: either with Cisco's storage facility or at home in a safe or hiding spot.

"To steal bullion is not that easy because it's heavy," he said.

He stresses that if one is buying precious metals to avoid exposure to the banking sector, then one should not store them with the banks.
"Because if the banks go bust and get nationalized, everything within it will be taken away. It will not be yours."

But as companies such as Silver Bullion offer innovative services such as peer-to-peer lending backed by precious metals, Singapore-based investors are starting to bring their bullion out of their homes.

"We see customers who bring the gold from home ... especially silver, which is more bulky, because they want to get a loan for 3 percent," said Gregersen, who emphasizes that Silver Bullion ensures that investors have legal ownership of the precious metals stored with the company.

For investors who buy gold and silver bullion, a common concern is having legal ownership of the precious metal in storage, also known as allocated metal.
Under this system, investors normally have serial numbers or identification marks that tie the bars or coins to them, as opposed to un-allocated gold or silver that is the property of the bank or vault.

Like many others, So Kai Tong, a 53-year-old private investor, buys gold and silver as a form of insurance.
"You hope that you don't need to use it," he said.

If the gold price reaches US$10,000 (S$14,300) an ounce, "you know the rest of the world sucks already."

Ticket Account Symbol Usd Mr Amount S/B Open Close Stop Stop Move Limit P/L Gross P/L Open Comm Close Comm Roll Net P/L Time
114425649 02706903 USD/JPY 1,000.00 100 S 115.228 114.940 113.708 28.8 250.57 4.00 4.00 -3.50 239.07 12/9/2016 10:38
114424080 02706903 USD/JPY 1,000.00 100 S 115.120 114.940 114.100 18 156.60 4.00 4.00 -3.50 145.10 12/9/2016 10:10
114408604 02706903 USD/JPY 1,000.00 100 S 115.166 114.940 114.078 22.6 196.62 4.00 4.00 -3.50 185.12 12/9/2016 07:54
114288255 02706903 USD/JPY 1,000.00 100 S 113.945 114.940 113.225 -99.5 -865.67 4.00 4.00 -7.00 -880.67 12/8/2016 08:07
113914969 02706903 USD/JPY 1,000.00 100 S 113.076 114.940 113.018 -186.4 -1,621.72 4.00 4.00 -24.50 -1,654.22 12/4/2016 18:23
113911851 02706903 USD/JPY 1,000.00 100 S 113.099 114.940 113.041 -184.1 -1,601.71 4.00 4.00 -24.50 -1,634.21 12/4/2016 17:16
Total 600 -400.6 -3,485.31 24.00 24.00 -66.50 -3,599.81

That is a copy and paste of my 6 open positions of USD/JPY

I now show unrealized profits on my last three positions. You can see it as $185.12 US Dollars and $145.10 US Dollars and $239.07 US Dollars. I can take the profits now or let it continue to move down. Look at the following USD/JPY 5 Minute Chart.

http://finviz.com/forex_charts.ashx?t=USDJPY&tf=m5

We can ALL see where USD/JPY came from since 4 AM this morning. This is why my Money Flow Method always works and for some reason if it does not work short term then my Risk Management Strategy protects my capital.

I will close ALL my positions by tomorrow since I want to be ALL in CASH prior to December 14, 2016 at 2:00 PM.

Please open your FXCM UK Demo Account if you want to learn how to be a WINNER trading FX if you have the psychological make up to be a professional currency trader.

http://www.gold-eagle.com/article/wh...d-heading-2017

Snippet:
Strengths

1. The best performing precious metal this week was silver with a gain 0.76 percent. Electronic chat documents released by Deutsche Bank show that UBS and Deutsche Bank, along with others, regularly conspired trades with one another to trigger stop-loss orders, coining the name “STOP BUSTERS” for themselves, according to court documents. Plaintiffs contend that the records show these banks conspired to fix the spread on silver offered to customers and used illegal strategies to rig prices.
2. BullionVault’s Gold Investor Index, which measures the balance of client buyers against sellers, jumped to its highest in five years, reports Bloomberg. The gauge of gold buying rose to 59.3 in November from 56.8 in October, while the silver gauge retreated.
3. Gold premiums in China soared to a three-year high following the news of reported gold import curbs in the country along with limited supply of the precious metal, reports ZeroHedge. The import curbs may be part of China’s efforts to limit outflows of the yuan after the currency’s slide to its weakest in more than eight weeks, the article continues. Coin sales from the U.S. Mint have also risen, for a fourth straight month in fact, following the U.S. election. The 2016 American Eagle gold coin in one-ounce, quarter-ounce and tenth-ounce sizes are sold out, reports Dave Harper with The Buzz.

Weaknesses

1. The worst performing precious metal this week was palladium, down 1.77 percent. Commerzbank AG believes that palladium, the best-performing precious metal in the second half of 2016, could be heading for a “price correction” early in the year, reports Bloomberg. Commerzbank also noted that gold, having the worst returns over this same period, could benefit from still-low interest rates and “ultra-low” monetary policy in 2017.
2. Platinum miners, on the other hand, are contending with a 50-percent drop in prices for the metal since 2011. In addition, Sibanye Gold has agreed to pay more than its market value for Stillwater Mining Co. for $2.2 billion, giving it charge of the world’s highest-grade deposit of PGMs, reports Bloomberg.
3. Exchange-traded funds backed by precious metals saw a net outflow of $6.24 billion over the past month, as gold prices tumbled to a 10-month low, reports Bloomberg. Overseas, China reported that its gold reserves remain unchanged in November from a month earlier, at 59.24 million troy ounces. According to Bloomberg, this marks only the second time the country has paused monthly buying after disclosing a 57 percent increase in holdings since 2009, as of June 2015.

Opportunities

1. According to a report from Credit Suisse, higher gold prices are needed for supply to meet demand growth. “The total delineated gold reserves at current prices are unlikely to keep pace with demand over the long term,” states the report. Operating mines have only around 1 billion ounces of reserves left, or around 10 years of mine life. In relation to the chart below, the Credit Suisse explains that significantly higher gold prices are likely needed to increase recycled gold supply above recent levels.

http://www.gold-eagle.com/sites/defa...es121216-a.png

1. New Shariah-compliant rules approved on November 19 for trading gold, now allow the precious metal to be accepted as an investment in Islamic finance. The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) developed the standards with the help of the World Gold Council, which has said the new rules could spur demand for “hundreds of tons” of gold, reports Bloomberg. According to Mohd Daud Bakar, a Shariah scholar, the SPDR Gold Trust (the biggest bullion-backed ETF) will probably qualify, and the standard may open new demand to central banks.
2. London-based manager of the Old Mutual Gold & Silver Fund says that gold will strengthen as the Fed fails to increase interest rates fast enough to keep up with inflation. Commerzbank is also positive on the metal, forecasting it to climb next year each quarter to an average of $1,300 an ounce in the fourth quarter and extend its gains in 2018 to $1,400 an ounce by the third quarter of that year. “The headwind from U.S. dollar appreciation and the rise of bond yields should abate,” the bank says. Similarly, Citi says that mining companies are changing their behavior, which could lead to value creation in the coming years, reports Bloomberg.

IMPORTANT FOLLOW UP ARTICLE BY Zerohedge



http://www.zerohedge.com/news/2016-1...l-college-vote

Snippet: by Tyler Durden
Dec 12, 2016 1:59 PM



Update: The push to delegitimize the election results continued after a trio of top Senate Democrats called for a nonpartisan commission to investigate allegations that Russia interfered in the 2016 presidential election. Sens. Ben Cardin (Md.), Dianne Feinstein (Calif.) and Patrick Leahy (Vt.), the top Democrats on the Foreign Relations, Intelligence and Judiciary committees, back the creation an independent commission with 18 months to report its findings The Hill reports.

"The American people deserve a nonpartisan, transparent, public investigation into this insidious attack on our democratic institutions,” Cardin said. “As a nation it’s time to get to the bottom of it and learn what we can do to prevent it from ever happening again.”


The commission would be tasked with investigating allegations of Russian cyber attacks, trying to identify those responsible and recommending responses and future measures to prevent interference in U.S. elections.

Feinstein added that the commission would determine if Russian hacks tried to undercut Hillary Clinton, the Democrat presidential nominee, or "undermine our democratic system."

"This bipartisan commission will help identify the specific ‘actors’ responsible and recommend a possible course of action to prevent this from ever happening again," she said.

The panel, according to the Democratic senators, would have access to both classified and unclassified information, as well as the ability to subpoena officials about Russian activities tied to the presidential race.

Leahy, the top Democrat on the Judiciary Committee, added on Monday lawmakers must "rise above the fray and engage in a serious, independent, and bipartisan investigation."

"This is larger than any one candidate or any one election," he said. "This is about protecting our democracy now, and going forward.”
Of course, none of these calls would have been made had Trump lost the election, and in fact he would have been crucified by the press for daring to question the outcome of the vote.

* * *
Earlier:
And there it is.
Just as we first laid out on Saturday following Friday night's shock "report" that the CIA had concluded Russia had intervened in the presidential election on behalf of Trump, which we quickly assessed had all the marks of a "soft coup" attempt, and which culminated most recently with a report that up to 10 electors had requested a briefing on "Russian Interference" before the presidential vote, moments ago none other than the Clinton campaign, by way of its top political adviser John Podesta, said the campaign is supporting an effort by members of the Electoral College to request an intelligence briefing on foreign intervention in the presidential election, Politico reported.

In his statement released on Monday, Podesta said “The bipartisan electors' letter raises very grave issues involving our national security,” and added that “electors have a solemn responsibility under the Constitution and we support their efforts to have their questions addressed.”
“Each day that month, our campaign decried the interference of Russia in our campaign and its evident goal of hurting our campaign to aid Donald Trump. Despite our protestations, this matter did not receive the attention it deserved by the media in the campaign. We now know that the CIA has determined Russia's interference in our elections was for the purpose of electing Donald Trump. This should distress every American.”

Podesta's statement is the first public statement from the Clinton campaign raising questions about the legitimacy of Donald Trump's victory.
It follows the previously reported open letter from 10 presidential electors, including Democratic Leader Nancy Pelosi’s daughter Christine, requesting an intelligence briefing ahead of the Dec. 19 vote of the Electoral College.

Why this push is curious, is because during today's briefing Press Secretary Josh Earnest explicitly stated that "US intel agencies didn't detect any malicious cyberactivity "that interfered w the casting and counting of ballots" on Nov. 8", a narrative at odds with that concocted by the WaPo, in its interpretation of what the CIA allegedly concluded in its "secret" assessment, which thenbegs the question: who is lying?

Shortly after Podesta's statement, the Democratic National Committee disseminated a Politico story that revealed the electors' call for a briefing. Two Democratic members of Congress have also suggested the Electoral College should take an active role in reassessing, or stopping, a Trump presidency.
It was unclear which particular agency would provide the briefing, if it was permitted, especially in light of reports that there has been a schism between the CIA and FBI in their interpretation of whether Russia had indeed intervened directly to push for a Trump election.

While so far no proof has been provided by the CIA substantiating its claim, we doubt one will be forthcoming. After all as the WaPo itself reported some time ago, citing an official, "the intelligence community is not saying it has ‘definitive proof’ of such tampering, or any Russian plans to do so." In other words, there is merely "extrapolation" based on a personal biases to reach a desired, goals seeked outcome, without any factual validation whatsoever.
However, it is likely that should the Clinton Campaign's request for a "briefing" be granted, that it would lead to a dramatic split among the already polarized US nation. As to whether the Electoral College would ultimately vote against Trump, we leave it up to readers to consider the possible, and very damaging for the US, consequences.







Secret Agenda: Are They Planning To Use ‘Russian Interference’ As An Excuse To Invalidate Trump’s Election Victory?
http://theeconomiccollapseblog.com/w...icons/user.gif By Michael Snyder, on December 11th, 2016


http://theeconomiccollapseblog.com/w...l/facebook.pnghttp://theeconomiccollapseblog.com/w...el/twitter.pnghttp://theeconomiccollapseblog.com/w.../pinterest.pnghttp://theeconomiccollapseblog.com/w...eel/google.pnghttp://theeconomiccollapseblog.com/w...l/linkedin.pnghttp://theeconomiccollapseblog.com/w...tumbleupon.pnghttp://theeconomiccollapseblog.com/w...peel/email.png
http://theeconomiccollapseblog.com/w...in-460x307.jpgIt has been said that nothing happens by accident in politics, and it is certainly no accident that Barack Obama, Hillary Clinton, members of the U.S. Senate and the mainstream media are all suddenly buzzing about “Russian hacking” and “Russian interference” in our elections. Over the past 48 hours, the Washington Post, the New York Times, and just about every other major news source in America has been breathlessly telling us that the CIA has concluded that the Russians “intervened” in the presidential election with the specific goal of helping Donald Trump win. The implication is that if the Russian interference was significant enough, it could have “unfairly” altered the outcome of the election and thus Donald Trump’s victory was not legitimate. And if his victory was not legitimate, that opens up all sorts of possibilities for the Democrats.
For those that have been wondering if the establishment was going to attempt to steal the presidency away from Donald Trump before he can be inaugurated, we now appear to have our answer.

There are several ways that this could work, and we’ll take it one step at a time.

On Friday, we were suddenly assaulted with all sorts of headlines about how the U.S. intelligence community has concluded that the Russians interfered in the election and that they did so with the intention of helping Trump win. The following example comes from CNBC…

Comments from Benjaminis: AND NOW THE BOMBSHELL OF THE YEAR. PLEASE READ THE FOLLOWING VERY VERY CAREFULLY BECAUSE IT SEEMS THAT WE ARE HEADING THERE !!!

Snippet:
But even if Trump successfully gets through the Electoral College vote, he still has one more hurdle to get over.
On January 6th, a joint session of Congress will meet to count the electoral votes. Most of the time this is a formality, but this time around that may not be the case.
If at least one member of the House and at least one member of the Senate submits an objection in writing, electoral votes can potentially be invalidated. The following comes from the official House.gov website…

Since 1887, 3 U.S.C. 15 sets the method for objections to electoral votes. During the Joint Session, Members of Congress may object to individual electoral votes or to state returns as a whole. An objection must be declared in writing and signed by at least one Representative and one Senator. In the case of an objection, the Joint Session recesses and each chamber considers the objection separately in a session which cannot last more than two hours with each Member speaking for no more than five minutes. After each house votes on whether or not to accept the objection, the Joint Session reconvenes and both chambers disclose their decisions. If they agree to the objection, the votes in question are not counted. If either chamber does not agree with the objection, the votes are counted.
So even if Donald Trump receives at least 270 Electoral College votes, he could still be denied the presidency by Congress.

And that may be what the establishment is shooting for. If they can present “compelling evidence” that Russian interference “unfairly” altered the outcome of the election in November, perhaps enough members of Congress can be convinced to vote to invalidate Trump’s election victory.

I don’t think that is going to happen, but when it comes to Trump the normal rules don’t seem to apply.

UPDATE on my 6 open Positions on USD/JPY Short

Ticket Account Symbol Usd Mr Amount S/B Open Close Stop Stop Move Limit P/L Gross P/L Open Comm Close Comm Roll Net P/L Time
114425649 02706903 USD/JPY 1,000.00 100 S 115.228 114.843 113.708 38.5 335.24 4.00 4.00 -7.00 320.24 12/9/2016 10:38
114424080 02706903 USD/JPY 1,000.00 100 S 115.120 114.843 114.100 27.7 241.20 4.00 4.00 -7.00 226.20 12/9/2016 10:10
114408604 02706903 USD/JPY 1,000.00 100 S 115.166 114.843 114.078 32.3 281.25 4.00 4.00 -7.00 266.25 12/9/2016 07:54
114288255 02706903 USD/JPY 1,000.00 100 S 113.945 114.843 113.225 -89.8 -781.94 4.00 4.00 -10.50 -800.44 12/8/2016 08:07
113914969 02706903 USD/JPY 1,000.00 100 S 113.076 114.843 113.018 -176.7 -1,538.62 4.00 4.00 -28.00 -1,574.62 12/4/2016 18:23
113911851 02706903 USD/JPY 1,000.00 100 S 113.099 114.843 113.041 -174.4 -1,518.59 4.00 4.00 -28.00 -1,554.59 12/4/2016 17:16
Total 600 -342.4 -2,981.46 24.00 24.00 -87.50 -3,116.96


ACCOUNT SUMMARY

Beginning Balance0.00

CommTrading Commission-56.00
RolloverRollover Fee-68.20
PnLProfit/Loss of Trade1,629.88
DeposDeposit50,000.00

WithdWithdrawal0.00
OptionOptions Payout0.00
CommOptions Commission0.00
AdminFeeAdministrative Fee0.00
MngFeeManagement Fee0.00
PerfFeePerformance Fee0.00
VoidDeposit Rollback0.00
ASPCommASP Commission0.00
MargInterestInterest on Usable Margin0.00
SubscriptionFeeSubscription Fee0.00
RRebRollover Rebate0.00
Div_AdjDividend adjastment0.00

Ending Balance51,505.68
Floating P/L-3,121.79

Equity 48,383.89

Necessary Margin 6,000.00

Usable Margin 42,383.89

Notes:
"THIS IS A DEMO ACCOUNT WHICH IS TRADED WITH VIRTUAL FUNDS. NO REAL MONEY IS USED IN TRADING THIS ACCOUNT. Demo accounts are used primarily for education purposes, testing of strategies, and familiarizing traders with market movement and the FX Trading Station. There are inherent risks associated with online trading that may arise due to downtime, currency fluctuation and other risks associated with currency speculation. Only risk capital should be used when trading a real account."

My 3 open positions with a unrealized profit now show from the TOP as follows: $320.24 and $226.20 and $266.25 for unrealized profit of $812.69 with the USD/JPY at 114.843 at this moment. I can close the 3 now and lock in my profit and I will not decide that before 10 PM tonight.

I am off for a few hours now and will be pack at my computer after 9 PM.


Benjaminis

IMPORTANT ANNOUNCEMENT: I have 3 FX Traders ready to open their Demo Account with FXCM UK and I will repost some of the information for them here.

(4) You will open up a $50,000 US Funds Demo Account with FXCM UK
(5) You will email me your user name and password so that I can check your results daily.
(6) I will give you 30 days of my time and knowledge and at the end of the 30 days I will give you a grade out of 100 HOWEVER your real Grade will be if you show NET PROFIT or ROI of 5% or $2500.00.


The first 6 qualified persons that sign up and agree to the above conditions will be given my Private Email address so we can communicate. All QUESTIONS AND ANSWERS WILL BE PUBLISHED ON THIS THREAD IN ORDER TO HAVE FULL DISCLOSURE.

FULL DISCLOSURE: I used to be an Introducing Broker with FXCM in New York back during 2007 and 2008. I had a real funds account for a client located in Hong Kong and I was managing $125,000 US Funds. I have no business arrangement with either FXCM in New York or FXCM UK in London.

I moved all my business to Ava Trade in Ireland and I am an introducing Broker with them however I have recently decided to bring all my business back to Canada so I am not active with Ava Trade at the moment. I am working on putting up a website early next year during 2017 and I will have a 24 hour by subscription service charging no more than $50.00 US a month for full access. I used to use the services of Trade The News in order to have full voice news during the 24 hour FX trading day. I today entered into an understanding with Ransquak to use their live platform under a subscription contract which my corporation will use.

If any of the 6 initial persons here take my 30 day trading course and go through the 30 day period then when my website is up and running next year the 6 here will get a lifetime subscription at no cost. I plan to trade for at least 10 more years since I really love what I do and enjoy sharing my knowledge and skills with others.

Morning Thoughts - Daily

Good Morning Everyone

My thoughts this morning relate to hard reality and the way things are presented. While the markets are in a holding pattern awaiting the FED announcement tomorrow at 2:00 PM, here is an excellent example of what I am going to explain.

Snippet:
UniCredit's new CEO Jean Pierre Mustier, a 55-year-old Frenchman, in July took the helm of a lender burdened by a mounting pile of bad loans, record-low interest rates and Italy’s longest recession since World War II. According to Bloomberg, the bank had the slimmest capital buffer among those deemed important to the financial system in the latest European stress tests.

“We are taking decisive actions to deal with our non-performing-exposure legacy issues to improve and support recurring future profitability," Mustier said in a statement.

The capital increase will take place in the first quarter of next year, Mustier said on a conference call with journalists Bloomberg reported. The CEO said he’s confident Monte Paschi’s efforts to raise capital will be resolved this month and will have “no impact” on his own bank’s fundraising. The UniCredit CEO also insisted political turmoil in Italy will put obstacles in the way of the plans. “The referendum was a No but it doesn’t change our business model,” Mustier told the Financial Times

Comments from Benjaminis: Now the truth of where things really are in the financial world we all live in can be better seen by the end of the article linked here and absolute reality. After you read it I will summarize the REALITY of where we really are.

Snippet:
Italian banks, some of the continent's worst performing stocks of 2016, have been contending with expectations of low economic growth, pressure from European regulators to meet stricter capital standards and political instability following the fall of Matteo Renzi’s government. The prospect that Monte Paschi may need a state rescue if its capital plan fails has also affected confidence in Italian lenders across the board.

The bank's €4.7 billion profit target compares with a consensus of €3.9 billion for 2019, according to the Jefferies analysts. On a comparable basis the bank made €1.5 billion in 2015.

Whether or not UniCredit can reach its lofty asipirations remains to be seen, but the market's initial reaction was positive, with the bank’s 1 billion euros of 6.75 percent additional Tier 1 bonds, the first notes to take losses in a crisis, rising 2.5 cents to about 92 cents, near a 2016 high, according to data compiled by Bloomberg. They fell to as low as 70 cents in February. The stock was up as around 8% following the news.

Italian and European regulators have been pushing lenders to clean up their balance sheets, strengthen capital buffers and cut an estimated 360 billion euros in non-performing loans. UniCredit has sold more than €10 billion of bad loans in the past three years and has set aside almost €25 billion for loan-loss provisions since 2013.

Comments from Benjaminis: The major problem that most investors or speculators have is that we no longer have FREE MARKETS. There are many knowledgeable people outside of Main Street Media that clearly understand the dire straits that the financial world is in yet after years and years of explanations and predictions things continue on. I am not going to get into the reasons for all this as it is not the point that I sincerely want to make this morning.

Today we are 6 days away from the 538 voters in the Electoral College declaring on December 19, 2016 who the next President of the USA will be and while the law is clear as was written in the Constitution starting in 1776 there is nothing clear about where things will stand on January 6, 2017 when both houses meet to make the votes legally binding.

The following Snippet is from my post on this topic yesterday when I first became aware of what the US Constitution said. Snippet:

But even if Trump successfully gets through the Electoral College vote, he still has one more hurdle to get over.

On January 6th, a joint session of Congress will meet to count the electoral votes. Most of the time this is a formality, but this time around that may not be the case.
If at least one member of the House and at least one member of the Senate submits an objection in writing, electoral votes can potentially be invalidated. The following comes from the official House.gov website…

Since 1887, 3 U.S.C. 15 sets the method for objections to electoral votes. During the Joint Session, Members of Congress may object to individual electoral votes or to state returns as a whole. An objection must be declared in writing and signed by at least one Representative and one Senator. In the case of an objection, the Joint Session recesses and each chamber considers the objection separately in a session which cannot last more than two hours with each Member speaking for no more than five minutes. After each house votes on whether or not to accept the objection, the Joint Session reconvenes and both chambers disclose their decisions. If they agree to the objection, the votes in question are not counted. If either chamber does not agree with the objection, the votes are counted.
So even if Donald Trump receives at least 270 Electoral College votes, he could still be denied the presidency by Congress.

And that may be what the establishment is shooting for. If they can present “compelling evidence” that Russian interference “unfairly” altered the outcome of the election in November, perhaps enough members of Congress can be convinced to vote to invalidate Trump’s election victory.

I don’t think that is going to happen, but when it comes to Trump the normal rules don’t seem to apply.

Now I will tie all my thoughts together so my main point will be clear to all reading this and the best way to do that is to return to what the whole financial world is waiting to hear tomorrow at 2:00 PM when the FED decision is announced.





http://www.zerohedge.com/news/2016-1...ops+to+zero%29

As I continue to get to what I want to really say the enormity of this subject matter must be put in the proper context in order to be understood and accepted. I am going to add this link to assist me in getting to my final thoughts.

https://www.armstrongeconomics.com/m...r-on-currency/

Snippet: There are no safe bets. However, we are in the collapse of socialism. The left is always the most dangerous because they see themselves as victims. Narendra Damodardas Modi is proving to be a very dangerous radical who is extremely misguided. His demonetization of the currency was carried out without even asking the Reserve Bank. His BJP party advocates social conservatism and a foreign policy centered on nationalist principles. Generally, Modi has focused on a largely neoliberal economic policy prioritizing globalization and economic growth over social welfare. In sum, he is subjugating the people to his goal of globalization.

China and Russia saw their revolutions from the left led by the youth. India is trying to eradicate the underground economy. They first eliminated cash, which is preventing small businesses from paying employees. Unemployment will now soar. They are now attacking gold and this is all about creating a forced above ground economy so it can be regulated and taxed. People are reduced to using rice for money.

Turkey is doing the same thing. Recep Tayyip Erdoğan has begun his war on foreign currency because the Turkish lira is being devastated in international markets. His dream of recreating the Ottoman Empire will fail. He has lost the confidence of the people as well as the world. He is saying anyone who has $1 bills is a traitor. He is telling the population to convert their foreign currency to Turkish lira out of patriotism.

Comments from Benjaminis: As I can see the bigger picture with all these associated world matters it is easy for me to understand it all however since all those fortunate people living in a free society or democracy are programmed from birth to accept authority so it is extremely difficult to imagine and accept that most of us are controlled by what we think is right and decent yet because of the power of the few we now are on the verge of a complete breakdown in society so as we head to the start of a new year in 2017 there will be changes that NOT one Human can imagine. I welcome feedback and your own thoughts and of course any questions are welcome.


Benjaminis

http://www.goldchartsrus.com/chartst...nipulation.php

Snippet:
Silver Market Manipulation - Class Action Complaint
Documents Here: Class Action Complaint - Class Action Complaint I - Class Action Complaint II
Articles:How to Trigger a Silver Avalanche by a Pebble: "Smash(ed) it Good"
Bombshell Dropped in Federal Court: Proof of a Silver Market "Mafia" Among Big Banks
Deutsche Bank Records Said to Show Silver Rigging at Other Banks
In Chats, Silver 'Mafia' Traders Flexed Muscle, Drew Blades
'3, 2, 1, Boom' - Silver-Fixing Allegations in a Dozen Chats
Deutsche Bank Supplies 350,000 pages of documents, 75 audio tapes.
Mafia, One Team Dream Team, Stop Busters, We're The Silver Market, 3 2 1 Boom
11 O'Clock Rule, Avalanche, Bazooka, Bend, Blade, Brutal, Bulldozer, Bust, Front Run, Guns Blazing, Killed A Lot Of People, Launch Pad, Muscle
Pushing, Ramp It Up, Ramping Spreads, Reinforcement, Screw Other People, Sell It, Sell The Fix, Shorting, Sneaky, Snipe, Spam Bids, Spoofed, Smashed
Collusion, Coordinate Moves, Everything Stays Here, Insider Trading, Illegal, Not Politically Correct

http://www.zerohedge.com/news/2016-1...ops+to+zero%29

Snippet:
Is China About to Trigger Another "August 2015"-Type Meltdown?
http://www.zerohedge.com/sites/defau...ture-20289.jpg
by Phoenix Capital...
Dec 13, 2016 9:31 AM



Just as we predicted, the Bank of Japan has begun to lose control.

Since the November US Presidential election, the Bank of Japan has been aggressively devaluing the Yen. They are doing this to take advantage of the brief window between the election and when Trump takes office and trade deals are renegotiated.

When the Yen collapses, the $USD rises sharply. And this is a MASSIVE problem for China which has its currency pegged to the $USD.
China is the second largest economy in the world. And every day that the $USD moves higher, it puts tremendous pressure on China's financial system.
See the below story:
Chinas foreign exchange reserves fell nearly $70bn last month as the countrys central bank burnt through more of its war chest in its battle to defend the renminbi from greater depreciation on the back of accelerating capital outflows.
Source: Financial Times
If you'll recall, it was precisely this situation that caused the market meltdown of August 2015...and January 2016.
We're set up for the another similar meltdown. Stocks are severely overbought. Everyone is super bullish. The markets are literally one giant lopsided trade waiting to implode.
http://www.zerohedge.com/sites/defau...GPC1213162.png
THIS WILL HIT BEFORE THE END OF JANUARY.
Another Crisis is brewing the time to prepare is now.




Comments from Benjaminis: My Trade Plan is based on the collapse of the Dow and the correlation is 100% proven between the SP500 and the USD/JPY so as the Money Flow will go from the Dow and the SP500 and the effect will be seen on USD/JPY heading back towards 105.00.

I will use this as one of my Three Month Trade Plans.

Good Morning again Traders

I am going to post a series of links to important fundamental information from my research sources so you will have a better understanding of the important issues that affect my Money Flow Method and for education purposes.

Here is the link that I will start with. http://schiffgold.com/commentaries/make-money-great/

Snippet:
The United States of America was founded on the principals of limited government and sound money. Today we have neither. The growth of the former has largely been a function of its ability to abolish the latter. A dollar was original defined as a specific weight of gold or silver, and the Constitution limited the power of the states to make anything other than gold or silver legal tender. As the Federal Government was given no power to make anything legal tender, and since the Federal Government only has those powers expressly granted to it by the Constitution, gold and silver are still the only Constitutional forms of money authorized in the United States.
http://1mo0o3e03f7c59k045fwasgbz.wpe...feat-Image.jpg
For years all commerce in the United States was transacted in either gold or silver, with smaller transaction completed using copper or nickel. Private banks issued notes backed by their gold and silver deposits, which also circulated as note currency, along with actual money. These money substitutes were often more convenient to use than money itself, especially for larger transactions.

Eventually the Federal Reserve was created with its notes replacing the various bank notes that had previously been in circulation. They were originally backed by, and redeemable in lawful money, dollars made of gold or silver. But that changed in 1971 when this connection was severed, leaving the notes backed solely by government debt and redeemable in nothing. Since then the purchasing power of Federal Reserve Notes has steadily declined.

Yet despite their obvious shortcomings, citizens continue to use Federal Reserve Notes rather than actual dollars made of gold or silver. Although the courts have declared that Federal Reserve Notes are legal tender (disregarding the Constitution in the process), and government requires that they be used to pay taxes, the main reasons that people have chosen to use the notes have been convenience and the ability to earn interest. Paying with paper, or accessing a bank deposit by check or debit card is much easier then lugging around a bunch of metal. And while gold bars stored in your basement earned no interest and could potentially be stolen, funds deposited in banks have been federally insured and traditionally paid significant interest.

But in recent years much of that has changed. All major U.S. banks are basically insolvent, and the government has insufficient reserves to bail any one of them out should it fail. In addition bank deposits pay zero interest, while inflation steadily erodes away purchasing power. In fact, while the Federal Reserves stated mission used to be the maintenance of price stability and the purchasing power of its notes, its current mission is to ensure that prices rise and that its notes lose value over time. Given how much value the notes have lost when the Feds goal was to preserve purchasing power, imagine how much faster value will erode now that depreciation is actually their stated objective!

http://schiffgold.com/videos/rickard...ing-recession/

Snippet:
Economist and author Jim Rickards and former presidential contender Ron Paul appeared on RT television recently to discuss their 2017 economic and political predictions. Rickards laid out his idea of Trump’s administration forming a “cabinet government,” that might work to decentralize executive power, which has become more concentrated over the last 15 years. Paul looked to another inevitable US recession fueled by runaway inflation and the bursting of economic bubbles artificially propped up by failed monetary policies.

Here are the time codes for each interview: Jim Rickards: 6:17-11:02; Ron Paul: 13:24-21:30.
Rickards said he sees Trump’s cabinet selection process will be driven by a business mentality rather than promises made or past relationships. It’s a style of governing Rickards compares to past US administrations of the 1950s and 1960s or within other countries today like the UK, Australian, and Canada.
“What I expect is that Trump will name a strong cabinet…I think Trump will wear his CEO hat since he’s not a traditional politician but a CEO. Good CEOs are delegators. They hire good teams. They put them in charge of different divisions. If they do well, they get promoted. If they don’t do well, they may get fired … So we might see something like cabinet government instead of highly centralized power. I think it’s very healthy.”

Paul explains how economic bubbles in the bond, housing, and other markets have been expanded by the Fed’s monetary policies. Such bubbles will burst over-valued assets, leading to an “inevitable correction” by the market.

The former Texas Representative also points out an obvious, but often overlooked, part of quantitative easing and low interest rates: increasing the money supply can’t ensure that supply is allocated to the best ends. “The Fed can create money and credit,” Paul states, “But it can’t control where it goes. It goes in bonds, it goes in stocks, it goes in housing … it goes in different places.” One of the major downfalls of a monetary policy that stifles free market impulses is that it distorts investments by removing risk.

“The recession will come,” Paul says. “The conditions have already been established for the recession … Since it’s all artificial, with interest rates sending the wrong messages, there’ve been a lot of investments made and prices made that have been artificial … if it’s artificial, it sets the stage of the inevitable correction for the mistakes. They can’t prevent it … but all they can do is build up more debt and more mal-investment, which eventually makes the bursting of the bubble that much worse.”

http://schiffgold.com/key-gold-news/...ssion-deniers/

Snippet:
Across the world this week, many different political strains were generating economic challenges. Venezuela is producing a cautionary tale about hyperinflation, while Italy began expressing its own populist movement. Meanwhile, the Fed has begun nervously testing the waters of the future Trump administration.
Venezuela Issuing 20,000 Bolivar Notes to Combat Worthless Currency

Venezuela’s Runaway Inflation is continuing to force policy makers to come up alternatives. One of the alternatives is the issuing of six new bills, which includes a new 20,000 bolivar. The super note will be worth 200 times more than the cash-heavy country’s current highest denomination.
<Venezuela’s inflation is expected to triple in 2017. Currently, 4,400 bolivars will get you one US dollar. There seems to be no end in sight for the free-fall currency, which is creating shortages in food and medicine.

http://1mo0o3e03f7c59k045fwasgbz.wpe...-up-friday.jpg
Trump Economic Advisor wants Fed to Get out of Economic Driver’s Seat
Judy Shelton, co-director of the Sound Money Project and Trump economic advisor wants the Fed to take a back seat to the economy, according to an interview with CNBC. Shelton said she thinks effective growth will come from increased productivity and tax reform, rather than the Fed’s failed monetary policies.
Markets seem to be buying into the game plan with asset prices continuing to climb, but there’s little thought being given to the effects of Trump’s planned fiscal stimulus, which would increase the deficit during an increase in interest rates. Still, Shelton doesn’t believe that the expected small rate hike next week will derail the rally.

5 Things to Watch for at the Fed’s December Meeting Next Week
As the December Fed meeting looms next week, the unanimous consensus is that we will have a new, higher rate at the end of it. But why the hike now? The main reasons could be the recent uptick in the markets, as well as investors’ positive outlook for Trump’s policies. Bloomberg columnist and chief economic advisor at Allianz SE Mohamed A. El-Erian created a useful article of the five key things to look for at the meeting.
Fed’s Recession Denial Making Them Nervous about Trump

The Fed may have backed the economy into the corner, but they still don’t see it. In a recent Fortune article, one Fed official stated “The economy is not in recession today,” despite mounting evidence to the contrary. The Fed is in denial of America’s addiction to easy credit and the bubbles their policies have created.

Peter Schiff put it best: “The problems haven’t been solved, and they can’t be solved unless we’re willing to bite the bullet and allow a painful economic restructuring that is going to be necessary for to pave the way for real economic growth.”

http://schiffgold.com/commentaries/c...pha-predicted/

Snippet:
This article was submitted by Shubhendu Pathak, a finance professional working in the Bay Area. Past: Capital One Shubhendu earned his Bachelors (B.Tech) and Masters (M.Tech) from IIT Delhi, and MBA with a concentration in Finance from Emory University.
Seeking Alpha published my two articles Will India Be The First Domino To Fall? and You Can’t Just Invest On Hope in which I predicted a currency crisis in India. On November 08, 2016, Prime Minister Narendra Modi announced the demonetization of 500 ($7.5) and 1,000 ($15) rupee notes, which constitute more than 85% of the currency in circulation. These notes ceased to exist as legal tenders on the night of the announcement. People can deposit them in their bank accounts before December 30, but cannot withdraw more than $350 in a week.
http://1mo0o3e03f7c59k045fwasgbz.wpe...471817-001.jpg

The purported object behind this step is to get rid of high denomination currency notes that the government believes are hoarded by tax evaders and corrupt government bureaucrats. This might be a little difficult to digest for an economist. For one, the corrupt might not be smart but they are not nave to simply sit on piles of cash that don’t yield any return; it doesn’t take a rocket scientist to diversify. Secondly, there is a simpler explanation that an economist might relate to better, and which is backed by data (read my two articles); the government run banks in India have run out of money and this is a bank holiday.

Here is an excerpt from my first article published on August 17, 2015.
The crisis has begun and there are only two ways forward for the banks; they can either take money printing to yet another level or announce a bank holiday and force the depositors to take a haircut on their deposits. The former route, although more harmful for the economy in the long run, is more likely to be the choice of the government as it will prefer to maintain the pretense of payment (via money printing) and not have social unrest in the short run.
What I did not anticipate back in 2015 was that the government will choose the latter route. What is happening in India is worse than a bank holiday. In a bank holiday, one at least gets to keep the cash he has. Under demonetization, people in India have been forced to deposit the cash they won’t be able to withdraw. The government has not clearly communicated when it will lift the cash withdrawal restriction and is encouraging people to use mobile banking instead.

Since my articles were published last year, assets under default in Indian banks have increased by about 100% to more than $98 billion dollars. This does not include loans that were recently restructured to make the bank balance sheets look good. It also does not include money lent to the government which it cannot pay back with legitimate means i.e. taxation; neither the socialist mindset of the government nor the worsening fiscal situation is promising.

https://lh3.googleusercontent.com/9T...Hq36qQS7d70=s0

One might wonder why the government needs all the cash when Prime Minister Modi promised minimum-government maximum-governance. The NDA government is no less socialist than the preceding UPA government. It needs the cash to fund centrally planned schemes such as MUDRA where the same government run banks, that are on the brink of collapse, are lending to sectors determined as high priority by bureaucrats sitting in Delhi. The seventh pay commission by the Ministry of Finance further increased the salaries of millions of government officials earlier this year.

Abolishing the planning commission, one of the first steps taken by the government that came to power in 2014, is proving to be merely symbolic. The government is unable to look beyond central planning and government control. Every scheme launched in the last two and half years, including Skill India, Clean India, Start Up India, Make In India, Jan Dhan Yojna, buying millions of LED bulbs, distributing LPG cylinders to the poor, has central planning written all over.

Banks run by the government control more than 75% of the market in India. These banks don’t have money to fund these populist schemes of the government and this is the reason they are confiscating cash from people, and in the process draining private investment, and further weakening the fundamentals of the economy.

Let us look at the latest numbers published by the Ministry of Finance on October 13, 2016. The gap between revenue and expenditures of center and state governments has continued to widen from $135 billion in 2015 to $140 billion in 2016.
http://1mo0o3e03f7c59k045fwasgbz.wpe.../2016/12/2.jpg
Interest payments, the biggest line item in expenditures, have increased by 11% from $88 billion in 2015 to $98 billion in 2016. None of the major expenditures including Pension and Retirement Benefits, Social Security and Welfare, Food Subsidy and Fertilizer Subsidy have gone down under the new government.
http://1mo0o3e03f7c59k045fwasgbz.wpe.../2016/12/3.jpg
The government’s reliance on indirect taxes has increased. When oil prices declined from $100 in 2014 to $30 in 2016, retail price of oil in India did not drop. The government simply started collecting more tax. That cushion is getting thinner now with the OPEC reaching a deal to cut production.
http://1mo0o3e03f7c59k045fwasgbz.wpe.../2016/12/5.jpg
This stage is set for another fiscal crisis for the government. This crisis will approach much faster now that the private investments have taken another severe hit. This time, the government will be forced to use money printing to deal with it, as not making good on its promises might not be politically feasible at the time.

To understand in detail and in layman’s terms how the toxic mix of socialist governments and nationalized banks in India has ruined the Indian economy in recent years, I would encourage you to read the following two articles Republic of Ghaziabad – Part I and Republic of Ghaziabad – Part II. I have written these articles for people who do not understand complex terminologies of economics.

Two Booster Rockets For Gold
India is the second largest consumer of gold. The majority of the precious metal transactions in India is bought with cash and demonetization has left the consumers cash-strapped. When people eventually get hold of their money in cash, they are more likely to buy gold, which cannot be made worthless overnight by the government with an announcement.

The second rocket is made in the US. The probability of a rate hike by the Federal Reserve in December currently stands at more than 90%. This has strengthened the dollar and further suppressed the price of gold. The fiscal situation of the US government is not hidden from anybody, and Donald Trump has already announced his plans of spending — big. China is continuing to dump the US.treasuries, and Japan, the second-largest foreign creditor, reduced its holding by 0.7% to $1.14 trillion in September alone. With tax cuts Donald Trump has promised, only a huge QE4 can finance the new government’s spending plans.

I believe that both these booster rockets might take the price of gold to a record high within one year. You may consider buying physical gold or mining stocks such as Goldcorp (NYSE:GG), Randgold (NASDAQ:GOLD) and Newmont Mining Corp (NYSE:NEM).
Further, Citibank (NYSE: C) has significant exposure to India. Shorting the bank might not be a bad option.
http://1mo0o3e03f7c59k045fwasgbz.wpe.../2016/12/4.jpg

Comments from Benjaminis: Today in my morning thoughts report, I discussed in a philosophical way the great complexities in our world however while my focus was on the financial world what happens there affects everything in our daily lives. The articles that I linked on this page give the details of many associated issues with great detail and insight. You do not need to understand all of it however by not being aware of it you lessen your chance of awareness that you will most likely not read about in the mainstream media. I am passing part of my day doing this important research since all the markets are on hold until we see the FED decision on rates tomorrow at 2:00 PM.

I hope for those that have the interest and can find the time to read and understand that these information sources broaden your education while trading Forex and of course whether you trade or not you should understand what the TRUTH is and prepare yourself for the future. The FUTURE starts tomorrow at 2:00 PM and from all the events following that.

http://wolfstreet.com/2016/12/13/who...anking-crisis/

Snippet:
So Who Gets to Pay for Italy’s Banking Crisis?

By Don Quijones, Spain & Mexico, editor at WOLF STREET.

“There is not and there will not be a banking crisis in Italy, nor will there be a European financial crisis coming from Italy.” Those were the emphatic words of EU Economics Commissioner Pierre Moscovici over the weekend. “We have the capacity to deal with the situation and it will be dealt with from both Italy and at the European level” he told France Info radio.

Clearly, quixotic delusions are as rampant as ever at the loftiest heights of Brussels’ ivory towers. Either that, or things are now so serious that lying is the only tactic left available.

The markets also appear to be in a state of eerie complacence. Since rumors of yet another publicly funded bailout emerged early last week, bank shares have taken off, not only in Italy but across most European markets. Shares of Unicredit, Italy’s only “systemically important financial institution,” has surged 20%, while Italy’s second largest bank, Intesa Sanpaolo, is up 10%.

Once again, just the slightest hint of future government and/or central bank intervention is enough to steady the nerves of today’s welfare-addled investors. For now.

Monte dei Paschi di Siena (MPS), which has already raised capital twice, will have one last chance this week to raise the capital it needs (min: $5 billion) from private investors. Given its abject failure to raise more than €1 billion of new capital over the last six months, despite the assistance of one of the world’s biggest, best connected mega-banks, JP Morgan Chase, it’s a mighty big call. If it does fall short, it will have one last lifeline at its disposal, Plan Z: a full-blown taxpayer-funded bailout, potentially including a bail-in of subordinated bondholders.

The idea of bailing in subordinated bondholders is a touchy subject in Italy, since they include thousands of retail investors to whom the banks “mis-sold” complex financial instruments as safe investments during the lean years of Europe’s sovereign debt crisis. The last time subordinated bondholders were bailed in at a handful of regional banks at the tail end of last year, one retired investor took his own life after losing all his life savings. However, as Reuters’ financial editor, George Hay, points out, the political impact may be overstated:

Over 85% of Italian bail-in instruments are held by the wealthiest 10% of domestic households, according to the Centre for European Policy Studies. If bonds were mis-sold, compensation could be added as needed – as happened in the case of Spanish lender Bankia.

Alas, since Bankia’s taxpayer funded rescue in 2012, the Spanish government, with the funds of Spanish taxpayers, has refunded not only the bank’s retail bondholders but also many of its duped shareholders.

In Italy, the debt-to-GDP ratio is already 132%, among the highest on the planet. Yet thanks to the reality-distorting effects of the European Central Bank’s monetary alchemy, that same government is still able to pay historically low yields on the debt it issues.
But the pressure is rising. Italy’s debt is already near the bottom of investment grade, according to the three big US rating agencies, Moody’s, Fitch’s and S&P and Canadian-based DBRS. If Italy’s credit rating falls into “junk” territory with the four ratings agencies, the ECB would be barred from buying its bonds. This would drive up Italy’s borrowing costs.

In other words, a government that is buckling under the sheer weight of its own debt exposure and whose 2017 budget is already at risk of breaching EU fiscal rules due to excessive spending could be on the verge of bailing out banks that, according to some estimates, have more than €350 billion of toxic debt festering on their balance sheets. And the cost of funding for those banks could be about to explode, begging the ultimate question: How is Italy’s government going to save its banks without pushing itself over the edge?

Turns out, as Reuters reported in an article titled “European Commission Hints at Leeway for Aid on Italy Banks,” European Commission Vice President Valdis Dombrovskis is alleged to have said that any state support for banks was likely to be treated as a “one-off expense”, which would not affect Italy’s official structural deficit measures. In other words, no problem. By Don Quijones, Raging Bull-Shit.
Banks cannot be allowed, at any cost, to suffer the consequences of their own chronic mismanagement, or worse. Read… The Fix Is Already In, as Italy’s Moment of Truth Beckons

Comments from Benjaminis: The more that is revealed the more it can be seen that what happens in Europe will affect what happens in the world. First we had Brexit during June 2016. This was followed by the elections in the USA on November 8, 2016. Then we had the referendum in Italy which led to the resignation of the Prime Minister and so there are major problems in Asia led by China. Geopolitical issues in the middle east associated with Russia and others. Syria and Turkey are in turmoil and now India has destabilized itself. The BOE and Britain. The BOJ and Japan. The ECB and Europe and the FED and the USA and the world. We will see major historical changes during 2017 and WINTER has arrived in all respects.

http://www.financialsense.com/tom-mc...9&utm_term=FSO

Snippet:
Gold prices have shown an unusually strong correlation to bond prices this year. This is not normal, and the two are not usually marching in lockstep like this.'
See Gold Market Hanging on a Razor's Edge
The strong correlation began around May 2016. It may just be a coincidence that May 2016 was when Saudi Arabia started selling off the holdings of T-Bonds from its sovereign wealth fund, an effort to fund their governmental expenditures in an era of low profits on oil sales. See http://ticdata.treasury.gov/Publish/mfh.txt.
Whatever the explanation is, the phenomenon is real, down to even a day to day basis. So if you are a trader or investor who is interested in gold, you had better also be interested in T-Bonds, at least for as long as this correlation lasts.
Listen to Peter Boockvar: 35-Year Bull Market in Bonds Is Over
It is not a normal correlation that we are seeing right now. Here is a longer term chart, which shows that while there may occasionally be some coincident price turns, the two plots are not generally well-correlated. Often they move inversely, which makes more sense since gold is supposed to benefit from higher inflation, while bonds get hurt by it.

http://www.financialsense.com/sites/...2-Dec-2016.png

So what lies ahead for bonds and gold? If you believe the big money (smart money) “commercial” traders of T-Bond futures, there should be a big rebound coming.

http://www.financialsense.com/sites/...T-Dec-2016.png

Back in July 2016, these smart money traders were holding an all-time record net short position in T-Bond futures. They correctly anticipated the big price decline which unfolded. Along the way, they have unwound those shorts, and now they are at a multi-year extreme net long position, betting on a big rebound.

That presumptive rebound should also lift gold prices, assuming that the correlation continues. And as I discussed back in August, that should also presumably bring a rebound for the Japanese yen.

My congratulations go to DavidRP who is the first Forex Factory trader that has opened his FXCM UK Demo Account.

I have logged into his account since as requested he has emailed to [email protected] his User Login and Password.

I now have organized for DavidRP the 16 symbols that I use on the FXCM UK Demo trading platform. DavidRP now has $50,000 US Dollars to trade with. I will show here what the 16 symbols that are used and in the order that they are on the platform in blocks of 6 symbols.

EUR/USD EUR/JPY USD/JPY GBP/USD USD/CNH USD/CHF

EUR/CHF AUD/USD USD/CAD USDOLLAR XAU/USD XAG/USD

US30 NAS100 SPX500 COPPER UKOIL BUND

You can all see that by having these 16 pairs you have an excellent view of the Money Flow between Asset Classes.

Congratulations DavidRP

You are soon ready for your first Forex trades with Capital of $50,000 US Dollars.

VERY VERY COLD WATER !!!

https://www.theburningplatform.com/2...lock-tax-cuts/

Snippet:
Dec 13, 2016 5:53 AM

The driving catalyst behind the furious market rally since the presidential election has been the markets hope that Trump will unleash a huge, still undetermined, debt-funded financial stimulus package, which will grease the volatile handover from monetary to fiscal policy, boosting inflation and rerating risk assets higher. Indeed, the market was so transfixed by this hope, that it has so far ignored all warning signs, duly noted previously on this website.

Nearly a month ago, we warned that when comparing Trumps proposed budget and the Houses own budget blueprint, An Unexpected $12 Trillion Hole Emerges In Donald Trumps Plan To Make America Great Again.

As we first demonstrated, there was a massive $12 trillion debt difference between the plan that Trump espoused, which envisioned a $5 trillion cumulative increase in debt
Debt Under Central Estimate of Candidates Proposals (Percent of GDP)
http://www.zerohedge.com/sites/defau...hole%201_0.JPG

Compounding the problem is the expected Federal rate hike to arrest rising inflation, which would increase the cost of the nations debt. Flake noted on the Senate floor in September that for every quarter point that interest rates rise, the federal government would have to spend an additional $50 billion annually to service the debt.

Ultimately, the problem regarding the US debt is not so much Trumps, as that of Republicans who would have to support it. Readers will recall that Congressional Republicans assailed President Obama early in his tenure over soaring federal deficits, which exceeded $1 trillion dollars during his first four years in office. As a result, debt reduction was the main focus of GOP leaders after they took back control of the House in 2010. It is a problem and going to be a problem. Dont forget that Obama has doubled the debt and if interest rates were at their historic norms, the deficit would be $612 billion bigger, said former Sen. Phil Gramm (R-Texas).

The market, once again, did not care.

That may change now, however, with Bloomberg reporting what we have been saying for the past month, namely that republicans, under Mitch McConnell, have poured cold water on the idea of a massive stimulus package, effectively laying out markers on taxes and spending that that could cramp Trumps ambitions.

As Bloomberg explains, Trumps race to enact the biggest tax cuts since the 1980s went under a caution flag Monday when during a news conference, Senate Majority Leader Mitch McConnell warned he considers current levels of U.S. debt dangerous and said he wants any tax overhaul to avoid adding to the deficit.
http://www.zerohedge.com/sites/defau...20teaser_0.jpg
In other words, the markets narrative that Trump will be the president to pursue a seemingly liberal economic growth agenda, one funded by trillions in new debt issuance, just got a very rude wake up call.

I think this level of national debt is dangerous and unacceptable, McConnell said, adding he hopes Congress doesnt lose sight of that when it acts next year. My preference on tax reform is that it be revenue neutral, he said. There is one problem with revenue neutral growth when it comes to risk asset prices: they, too, remain neutral.

In other words, if McConnell who now appears set on collision course with the biggest drier of Trumps growth strategy gets his way, the entire Trumpflation rally may be unwound.

Here, Bloomberg repeats what we have warned all along: The Committee for a Responsible Federal Budget, a nonpartisan think tank, has projected that Trumps plans would increase the debt by $5.3 trillion over a decade, with deficits already over $600 billion a year and rising on autopilot. If Trump achieves the plans he has laid out, the deficits going to be a lot higher than expected, at least in the short term, said Stan Collender, a budget expert and former Democratic congressional aide. It could rise to $1 trillion per year for four years, he said.

As for Trumps infrastructure plan, touted as costing roughly $1 trillion but with more than 80 percent of the financing coming from the private sector, McConnell said hes looking forward to seeing the details.

What I hope we will clearly avoid, and Im confident we will, is a trillion-dollar stimulus, he said. Take you back to 2009. We borrowed $1 trillion and nobody could find that it did much of anything. So we need to do this carefully and correctly and the issue of how to pay for it needs to be dealt with responsibly.
Then there is the debt limit, which will need to rise next year to avoid defaulting on government obligations; McConnell said he wasnt sure if that would be paired with any deficit-reduction measures next year as it was in 2011, when Republicans held the debt limit hostage and extracted more than $2 trillion in deficit cuts over a decade from President Barack Obama.

House Speaker Paul Ryan has also said he wants tax changes to be deficit-neutral, indicating that Republicans will assume positive macroeconomic benefits from tax cuts to ease the projected budgetary hit a process known as dynamic scoring that is popular on the right.
McConnell offered little specificity on changes to Obamacare, saying the Senate would kick off the new year with an Obamacare resolution and then start working on a replacement. Simply waiting wasnt an option, he said. The notion that we could do nothing and allow the current law to implode is unacceptable, McConnell said. So, I hope no one believes no action is possible or appropriate.

That replacement process could take as long as three years, according to Republican senators, although some conservatives, particularly in the House, want a much faster timeline. In the short term, eliminating all of Obamacare including its taxes and Medicare cuts would add to the deficit, the Congressional Budget Office concluded in 2015. Before the election, McConnell had said he hoped to work on limiting eligibility for programs like Medicare and Social Security if Hillary Clinton was elected. He didnt repeat that call Monday. That in turn would make the optionality of any Trump debt-funded stimulus even more remote, and could forece Trump to choose between repealing Obamacare and pursuing tax cuts and economic stimulus.
Finally, even if all the changes are implemented immediately, and the GOP rolls over, virtually none of Trumps stimulus package will generate any impact on the economy until some time in 2018 as Goldman calculated last week.

One interesting wrinkle, as Bloomberg notes, is that Trump has named McConnells wife, former Labor Secretary Elaine Chao, to head the Department of Transportation, which would likely make her one of his point people on any infrastructure package. That particular horse trade, may be the wildcard that helps Trump clinch his desired stimulus package, especially if no other Republicans dare to defy the President-elect.


Comments from Benjaminis: You can NOW SEE some of the INSANITY as the Dow nears 20,000 based on WRONG PERCEPTIONS so knowing this clearly backed up by research and a consensus of opinions that are clearly well researched and not having any real agenda other then the COLD HARD TRUTH then what happens shortly is guaranteed and then the markets return to my favorite word - REALITY !!!

I decided to try one trade that I have never done yet with the opportunity available to me on the FXCM UK platform why not especially with my conviction that the DOW is ready to come back to Earth no matter what the FED decides tomorrow at 2 PM EST. I just shorted one position of the Dow and the margin required to do that was $1050 US and I entered my LIMIT OUT at 19,110.50. If the Dow reaches that then my profit will be $8025 US Dollars. My STOP LOSS will be entered at a loss of $1000.00. Many many years ago I met a supposed GURU :-) and I convinced a wealthy businessman to invest $100,000 US dollars to trade PUTS on the NYSE and after many months and no profits trading PUT Options on the SP500, I took over managing the account. I had about $20,000 US left in the account and the capital was eventually lost however about two weeks before the SP500 crashed we pulled the plug and moved on.

The reason that I bring it up here now is that I just realized that instead of buying PUT options on the DOW with the usual high premiums and an expiry date the safer and more profitable way to trade is the way that I just did. Since I have strong convictions that eventually the Dow will go back towards 10,000 this opens the door to a great trading opportunity and I will further explore that option.

Ticket Account Symbol Usd Mr Amount S/B Open Close Stop Stop Move Limit P/L Gross P/L Open Comm Close Comm Roll Net P/L Time
114574411 02706903 US30 1,050.00 100 S 19,913.00 19,949.50 19,110.50 -36.50 -365.00 0.00 0.00 0.00 -365.00 12/13/2016

THE CALM BEFORE THE STORM !!!

http://wolfstreet.com/2016/12/13/tre...eads-collapse/

Snippet:
The Hot Money returns, bets on Oil Nirvana.

The costs of borrowing for the US government are jumping. On Monday, the US Treasury auctioned $34 billion of three-month bills at a discount rate of 0.53%, the highest since October 2008.

These short-term bills sell for less than face value and are redeemed at face value. The difference is the yield for investors. For a three-month bill with a face value of $10,000, the price was $9,986.60. Holding this bill for three months until redeemed will make investors $13.40 in yield. That’s an annualized rate of 0.538%.

During the rest of trading on Monday, the yield settled down a bit, but today is up again, currently at 0.55%. While still low by historic measures, it’s up from about zero last October (chart through Monday’s close, via Trading Economics):
http://wolfstreet.com/wp-content/upl...2016-12-12.png
The Treasury also auctioned $28 billion of six-month bills on Monday at a discount rate of 0.645%, the highest since November 2008. It brought the annualized yield to 0.656%. It settled down later on Monday, but today it rose again, and as I’m writing this, it’s at 0.67%!

The Treasury also auctioned $20 billion in 10-year notes on Monday. In the melee, the yield briefly spiked to 2.53%, before settling at 2.49%. Today, it briefly hit 2.50% again. As I’m writing this, it is back at 2.48%. In July, it was at 1.38% (chart through Monday’s close, via StockCharts.com).
http://wolfstreet.com/wp-content/upl...2016-12-12.png
This has been the continuation of weeks of bond drama that has been called variously, “rout,” “carnage,” “meltdown” and the like [read… Government Bond & Mortgage “Carnage” Enters Sixth Week].
And it’s a global thing.

Comments from Benjaminis: The FED rate decision tomorrow at 2 PM EST probably will change the parameters of all these issues and a complete assessment of all things financial will take place with so many associated serious unresolved issues.