Cute Case for Silver

While this is a blatant ad for a company selling silver, it nonetheless makes a case for holding physical silver. Have to admit it is clever.



Thanks to YC for putting this on http://buy-high-sell-higher.com
We may have a new dimension here.  

Longer term Market View

While the gang a MSNBC and other talking heads are giddy about the upsurge in the markets I sitll remain unimpressed.  Simply because the market is now within easy reach of 1234.93 on the S&P futures and that is the 61.8% retracement of the all time high to the bottom of the crash.  Why is this number important?  All I can say is I have seen more failures occur at that point than any other.  In fact I use that as an exit point on smaller moves most of the time and well, .. it works.

Market Wednesday

I guess it was good news for Europe this morning that set the markets off here in the US overnight and this morning.

we hit my targets for Tuesday down at 1177 (see Tuesday's chart) and that put the price once again up against the Daily 50 SMA (blue line on the 1 Day chart)

That 1177 area produced a decent bounce at the end of the day Tuesday and on the 15 min chart below it was no looking back overnight.  We have stayed pretty much in the trading range 1170-1206 since the

The Madness that is the Student Loan Program

A young 23 year old woman, Kelli Space attended Northwestern University using government guaranteed student loans.  Now Kelli, who graduated with a degree in liberal arts, is faced with the insurmountable mountain of debt which, if paid on schedule will take over 20 years to retire.


Kelli has put up a website asking for people to donate to her in order to pay this debt.  Sort of cyber panhandling if you

S&P E-mini for Tuesday Nov 30 2010

Below are some charts and comments.  Click on the chart to Enlarge.

Okay , I can see no reason we can’t get to 1177 on the ES (S&P futures) over this short period failure.  My bias to the short side has not changed since I shorted on Friday Nov 5^th in anticipation of Monday the

Market Comment

Just playing around with some animation.......  

Enhanced Security

I can't help it I just love these xtranormal videos.  Warning this one contains strong language!

Random Thought from Last Week

"A democracy is always temporary in nature;  it simply cannot exist as a permanent form of government.  A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury.  From that moment on, the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship.”

"The average age of the world's great civilizations has been two hundred years. These nations have progressed through the following sequence: from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency from complacency to apathy, from apathy to dependency, from dependency back to bondage."

Origin unverified, but generally attributed to  -Professor Alexander Tytler -  a Scotsman.   The two paragraphs may have two different origins but however this thought has come to pass the message it conveys will not be different and as far as I am concerned it make no difference what the origin is the words are what has meaning.   

This was reportedly written in reference to the Athenian Republic two thousand years prior to the comment.  My guess is we today, are somewhere between the selfishness and complacency part but have been given a wakeup call in 2001 and since that time if we are to preserve the most free and successful nation formed in modern times, we all have an obligation to learn the values and intent of the founders.  And in doing so each one of us must make the sacrifices necessary to return this nation to one of individual liberty and ethical standards. 

I could go on and on about the perception of corruption and lack of ethics rampant in the halls of congress but suffice it to say public confidence is waning and I am leading the pack in this respect or should I say lack of respect.