I remember Tim Wood from years ago when he taught me about cycles in silver.

But to the point – TA is a conflicting barrage of road signs – it is not some magic absolute sure fire way to bet the markets.

Remember when ment would say “whose ta?”

There is a lot to that as ta is conflicting – but because it is not a precision tool and because conflicting signs are always present does not mean it can not be helpful.

The old ew idea that prolonged manipulation of the markets – against the trend – cannot be sustained is now somewhat in doubt but it imo is not proved.

aurum

Technical analysis of markets begins to suspect its obsolescence

Submitted by cpowell on Tue, 2014-07-29 02:08. Section: Daily Dispatches

10:26p ET Monday, July 28, 2014

Dear Friend of GATA and Gold:

Acknowledging that the usefulness of technical analysis is increasingly doubted as market manipulation intensifies, newsletter writer and technical analyst Tim W. Wood notes today that manipulation is as old as markets themselves and quotes various authorities to the effect that manipulation cannot long defeat any market’s “primary trend.”

But Wood’s authorities all precede the seizure of absolute economic power by the U.S. government, implemented by the Federal Reserve and Treasury Department and Treasury’s Exchange Stabilization Fund — the power to create infinite amounts of money and to trade secretly in any market, power that even former central bankers now acknowledge as “financial repression.”

Wood argues that “the very basis of technical analysis is that everything is discounted into price.”

Really? So on April 11, 2013, did technical analysis forecast the coordinated and overwhelming attack on the gold market by central banks that would begin on the following day? Does the foresight of technical analysis today really extend into government chancellories as policies are decided privately and then implemented by intermediaries through various instruments and mechanisms, from derivatives to high-frequency trading?

Of course the only entities with such clairvoyance are governments themselves, and it arises not from any technical analysis but from electronic surveillance.

http://harveyorgan.blogspot.com/

yes I agree, the horizontal resistence is usually stronger than trendlines. Maybe a false breakout out causing a gap fill in the pm indexes will be something to watch

The  all time high for gdx vol so far is 2 weeks ago at weekly resistence, a down week. fwiw

Well … Barack got a Nobel Prize!

those april,june, july highs are on a trendline, wonder if it will break out?

like an upsloping ihs…

Do a search on Muslim recipients of the Nobel prize when it actually ment something. Then do a search on Jewish recipients. Every Muslim needs to know he truth.

the Muslim-in-chief ignored the fact that most Muslims lived in mud huts until western influence came along. The Saudis were herding goats and sheep until oil was found and produced by western companies. Muslims have built no great cities or societies. They simply make demands of those who created wealth.

the Sunnis and Shia have been killing each other for hundreds of years. They only stop to kill Jews or Christians. Make no mistake, Muslims are only interested in advancing Muslim causes. Jews and Christians are only usefull to advance those causes. The state of michigan is a perfect example.

rno

U.S. judge says cannot seize Kurdish crude for now

(Reuters) – A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a U.S. judge said she lacked jurisdiction given the ship’s distance from the Texas shore and urged that the case be settled in Iraq.

Federal magistrate Nancy K. Johnson said that because the tanker was some 60 miles (100 km) offshore, and outside territorial waters, an order she issued late on Monday for U.S. Marshals to seize the cargo could not be enforced. She said the dispute between Iraq’s central government and the autonomous region of Kurdistan should be resolved in Iraq.

more http://www.reuters.com/article/2014/07/29/us-usa-iraq-kurdishoil-idUSKBN0FY23K20140729

Yes I’m glad the Mogambo is back as well. He came back for the moonshot! 🙂

“grown poor”

oh yea.

aint that an oxymoron we all know and hate.

Thank YOU. We could live with it for sure. But, your help is well appreciated. Thank You again!

A New Peaceful, Tranquil Mogambo?

July 28, 2014
By: The Mogambo Guru

I now belatedly realize, with crystal clarity, that being an “inert carbon blob” is a reachable goal for me. Thus, ‘tis my new plan for my remaining retirement years, since it has no age restrictions, takes no effort, and has zero cost, but, happily, does involve a lot of TV and tasty snacks.

I am re-evaluating such things now, now that my wonderful plans to be a rich champion golfer/ rich movie star/ rich love god/ rich living legend/ rich international playboy are all in utter ruins, thanks to a profound lack of any discernable talent, looks, intelligence, money or actual effort on my part.

Now that I am starting to accept my fate, I am much more serenely Buddha-like, and less concerned that the Federal Reserve and the federal government have been proven to be corrupt, treacherous liars colluding to continually deficit-spend a trillion dollars per year, using nefarious, slimy and heretofore illegal secret tactics made legal under a cancerous expansion of the Exchange Stabilization Fund, in order to desperately prevent any losses (“deflation”) in debt instruments, equity shares or housing prices, because that is where everybody’s money is.

Nowadays, I am much more calm about things, as shown by my seeming nonchalance at the evil Federal Reserve increasing Total Fed Credit by another $14 billion last week, and $12 billion the week before that, or how the monetary base jumped to over $4 trillion last week, a mighty rise of $114 billion in, as I said, One Freaking Week (OFW).

And notice my easy demeanor, instead of choking on my own vomit or my eyes rolling back in my head, at the news that 523,000 full-time jobs were lost last month.

So with my new peaceful tranquility, there is no use getting upset and sending myself into another famous Mogambo Primal Scream Of Outrage (MPSOO) at the absolute horrors to be inflicted because of the inflation in prices that will necessarily follow such massive inflation in the money supply.

And let us not forget that a MPSOO is always replete with loud obscenities, incoherent ramblings, vague death threats, inciting Thomas Jefferson as a reason to riot, take over the Federal Reserve, and get America back on a stable money supply, letting nothing stand in our way.

The usual modus operandi of MPSOO is to proceed to more death threats, anonymous phone calls, annoying emails, police being called, embarrassment at being hauled off, kicking and screaming “We’re Freaking Doomed (WFD)!” at the top of my voice, neighbors jeering, family cheering, and the unpleasantness of court-ordered psychiatric evaluations.

Cont. http://mogamboguru.com/current_issue.html

Weston … a thousand thanks for your assistance!

I’ve grown poor while waiting for the PMs to make me rich. No, I don’t have a chart for that. 🙂

@ 1:44 p.m. EDT

Probably want Ukraine to be part of Europe, because it has VALUE to Europe. Natural recourses, etc. Socialist countries are always looking for a sugar daddy to merge with.

re The EU does not have a problem with the Ukraine. the US/UK overthrew the elected government.

Comment:
You’re RIGHT. Global bankers. Centered where? I forgot. Europe (and USA) are not in control of their own destiny. The world gov’t is, and centered in London England and some say also Israel is part of the global gov’t.

I’m sure all those European countries were merged against their will, or got duped, each losing independence. The PTB make believe there is ONE Europe. There will NEVER be…One Europe.

Re your:
It is the US$ and the standard of living of Americans that is being protected.

Comment
Global dollar yes agreed. But living standards here are declining since 1975. If the low standard is being protected LATELY its because it got too low.
Imo Europe has been doing well, thanks to the US consumer and global bankers and US dollar…1945 thru 2008. Into recession with a loaf under each arm only since 2008 real estate crash.

We need the global handouts now.

OBAMA PRAISES MUSLIMS FOR HUMAN RIGHTS

Bill Donohue comments on President Obama’s remarks last night at the White House honoring Eid-al-Fitr, marking the end of Ramadan:

Last night the president said that Eid “reminds us of the many achievements and contributions of Muslim Americans to building the very fabric of our nation and strengthening the core of our democracy.” He would have done us a service had he enumerated them. “That is why we stand with people of all faiths,” he continued, “here at home and around the world, to protect and advance their rights to prosper, and we welcome their commitment to giving back to their communities.”

No, Mr. President, you do not stand with “people of all faiths” in protecting and advancing human rights. As you speak, Christians are being beheaded all over the Middle East because they are Christians, and those carrying out this mass murder are doing so in the name of Islam. Yet you continue to say and do absolutely nothing about these unspeakable crimes. Do Christian lives mean so little to you?

When I type “President Obama Speaks Out,” or “Speaks Against,” in the search engines of Bing, Google, and Yahoo, the sentence automatically closes with such objects as “Trayvon Martin,” “Kanye West,” “Fox News,” and “Bullying.” I can search in vain to find you condemning the genocidal slaughter of Christians by Muslims.

Ditto for Jews. Muslim terrorists are killing Jews in Israel and their representatives have pledged to wipe Jews off the face of the earth. Yet your administration spends most of its time lecturing Israelis to be patient. About what? Being bombed because they are Jews? Do Jewish lives mean so little to you?

No one wants you to insult Muslim Americans in the White House, but you had an opportunity to at least call on them to speak out about what their people are doing in the Middle East, and you blew it. Instead, you decided to patronize them for all their contributions to human rights.

If this is of interest please read the whole thing. There is no oversight of this private company who handles EVERY financial transaction in the USA and many other countries.

Excerpt:

The public doesn’t know about DTCC because it’s a privately-owned depository bank for institutional and brokerage firms only; it processes all of their book entry settlement transactions. McNeff said “There’s no need for the public to know about us… it’s required by the Federal Reserve that DTC handle all transactions.”

CCLI’s research demonstrated that the Federal Reserve Corporation, a/k/a The Federal Reserve System, is also a private company and is not an agency or department of the federal government. The Federal Reserve Board of Governors is listed, but they are not the owners. The Federal Reserve Board, now chaired by Ben Bernanke, serves merely as a liaison advisory panel between the Federal Reserve’s owners (see page 18) and the federal government.

Read the rest here:

 DTCC: The little-known, $20 trillion company

http://proliberty.com/observer/20081025.htm

I say its just the opposite. The media lies all the time. Europe is the country that has a problem with Russia and Ukraine. NOT US!! But since Europe runs the world, and the media, it’s better for EUROPE to make the USA look like the “bothered party”.

They always put words in the USA mouth. And who is this Tyler Durden guy?? Sounds lazy minded to me.

I’m not selling any of my mining stocks. I do have some cash to buy either Put or Call options. As far as seasonality goes there could still be a late August or even a mid September low. One could even argue that the June 2nd low came too early too fit the normal summer low pattern.

Right, building the fabric of America,  was that before or after 911. Democracy, yeah they did a lot for democracy. TSA, NSA, making the word God or a holiday other than theirs a insult. How did they get democracy out of that? Sounds like propaganda.

Wrong time of the year to be short, but that’s just an opinion. So many are waiting for this $1050, and will climb the wall of worry and trade themselves right out of this thing. I have been establishing a position and if it drops from half here, so what, it’s still 80% lower or more from its peak and eventually should be much higher in a few years. All opinion.

EU Announces New Washington-Pleasing, Russia-Wristslap Sanctions

Submitted by Tyler Durden on 07/29/2014 11:05 -0400

After unleashing a 10-page report of the death and destructive economic impact they could have on Russia via sanctions, the European leaders have agreed to issue travel bans, some asset-freezes, and trade curbs on various new individuals and business entities. The Goldilocks sanctions… just enough to please Washington, not enough to infuriate Putin into ‘boomerangs’.

• *EU AMBASSADORS’ MEETING ON RUSSIA SANCTIONS REACHES DEAL: FT

Via DPA,

EU ambassadors have reached agreement on a new round of travel bans and asset freezes in response to the crisis in Ukraine, diplomats say.

*  *  *

The sanctions…

• *EU AGREES CURBS ON RUSSIAN BANKS, EXPORT OF SOME TECHNOLOGY
• *EU TO RESTRICT EXPORT OF EQUIPMENT FOR RUSSIAN OIL PRODUCTION
• *EU TO CURB STATE-OWNED RUSSIAN BANKS’ ACCESS TO CAPITAL MARKETS
• *EU TO IMPOSE EMBARGO ON FUTURE ARMS SALES TO RUSSIA
• *EU TO CURB SALE OF ‘DUAL-USE’ MACHINERY, ELECTRONICS TO RUSSIA
• *SANCTIONS WILL BE REVIEWED AFTER 3 MONTHS: EU DIPLOMAT

But…

http://www.zerohedge.com/news/2014-07-29/eu-announces-new-washington-pleasing-russia-wristslap-sanctions