Bill Cara’s Blog for Jan 17, 2012
CTA Trading Desk Morning Report
[8:30am ET] Good morning, Geoff here.
From my notes on January 13th – “It is clear to me that things are still fragile. The economies of the world are not falling off a cliff, yet there are continued risks that need to be addressed, and will be addressed by Central Banks. Intermediate term Quantitative Easing will continue on a global scale regardless of the short term, imo. Maybe that is what the stock market has been sniffing out – enough liquidity being injected into the system to make buying the dips a profitable strategy. We have seen numerous days recently when stocks had a catalyst to fall, but did not. When that happens, it can mean that the rally has legs and stocks will simply get more overbought. That makes sense until you look at the huge drop in short interest which has fueled much of this rally. So, in the short term, I think that stocks need a breather and caution is warranted, but in the longer term stocks will move higher due to the QE to eventually come. We continue to be long with hedges in place.”
This morning, two main headlines read:
“Euro Zone Inflation Dips, Opens Door to ECB Cut”.
“China Policy Easing Ahead As Growth Hits 2-year Low” – but China’s economy expanded more than expected.
The market likes these headlines and it looks like the S&P 500 will break-out above the October high. Unless this breakout fails today or tomorrow, our hedges will be lifted at a small loss and we shall see if the market can run higher from here. I am not extremely comfortable in removing the hedges because I have been looking for a short term top and subsequent lower prices to add to stocks but because we are net long we will enjoy the move. I would not be surprised if this move turns out to be a head fake, sucking in new buyers only to disappoint them within a week, but we will stick to our trading plan with prices being our guide moving forward.
And news that is being ignored; Fitch is saying that Greece will default by the time its March 20th bond payment is due. That doesn’t sound good, but I guess it is priced in already.
As I write this, gold is up over $30, exceeding the $1660 level and it looks like our call for a bottom on December 29th is proving to be the correct call. However, should this stock market rally fail in the next few days, you will have the opportunity to buy gold at lower prices also.
Remember; plan the trade and trade the plan.
Have a great trading day!
Here are the 7:00am ET snapshots of the latest equity market trading results for Europe, and futures prices plus 5-minute charts of the futures for S&P 500, 30-year US Treasury Bond, US Dollar index, Gold and Crude Oil.
|Symbol||Name||Last Trade||Change||Related Info|
||34.00 (1.77%)||Components, Chart, More|
||23.34 (1.10%)||Components, Chart, More|
||39.89 (1.24%)||Components, Chart, More|
||109.57 (1.76%)||Components, Chart, More|
||3.55 (1.13%)||Components, Chart, More|
|^OSEAX||OSE All Share||454.24
||3.60 (0.80%)||Components, Chart, More|
||3.10 (0.98%)||Components, Chart, More|
||28.59 (0.47%)||Components, Chart, More|
||41.80 (0.74%)||Components, Chart, More|
||9.00 (1.01%)||Chart, More|
||7.55 (0.89%)||Components, Chart, More|
||17.85 (1.22%)||Chart, More|
|GD.AT||Athex Composite Share Price Index||658.96
||9.41 (1.45%)||Chart, More|
The team will check in during the day, reporting in the Discourse when there is a new entry.
Enjoy your day.
Cara on Trends & Cycles
Vad’s Catch of the Day
Kaimu’s Sound Money
John’s Between the Lines
Sunday night I was watching Oprah Winfrey’s interview with NJ Governor Chris Christie. I really like the guy, and many believe he would be an interesting Presidential candidate. Early in the interview I was surprised when Christie said he was approached by numerous people who were trying to get him to run. I was particularly surprised when I heard him say one of those people was Henry Kissinger.
My ears perk up whenever I hear something about Kissinger.
There has been a lot of debate over the years about conspiracy networks. Do I know for sure that a conspiracy network such as the “Bilderberg Group” exists? No. But, over the years there has been a lot of growing evidence that may show that they do.
The reason I brought up Mr. Kissinger is many have claimed that he is the front man for this elite group called Bilderberg. There are many stories that claim that the Bilderberg Group has the power to pick, and often own the candidates from both parties. So, when Christie said that Kissinger contacted him, I made a mental note.
Bilderberg has been an interest of mine since the mid 1990’s, so I occasionally keep files and links on the subject. There is so much “stuff” (true or not) being reported nowadays that I like to study the accuracy and truth of subjects that may have some investing significance.
Despite all the claims of the power and influence of this group, the US main stream media has made very little effort to report on its meetings, members, guests, and actions.
Being a naturally curious guy (and slightly dyslexic), I ask a lot of questions. So, my questions on this subject and many others are who, what, why, where, when, and how.
This is way out of my area of expertise, so I don’t claim to be an expert. If you know something about this valid subject, please help. Below you’ll find some of the links and files I’ve compiled.
A) Who are the players?
Here’s what Walter Cronkite had to say;
I’m afraid there is [a ruling class in America]. I don’t think it serves democracy well… The ruling class is the rich who really command our industry, our commerce, our finance. And those people are able to so manipulate our democracy that they really control our democracy, I feel.
– Walter Cronkite, from the American Ruling Class (2005)
Source of Wealth & Power: Oil & Banking; David Rockefeller is the only surviving grandchild of oil tycoon Standard Oil founder John D. Rockefeller.
1) Standard Oil of NJ: or Esso – renamed Exxon, now Exxon-Mobil. Standard Trust companies Carter Oil, Imperial Oil (Canada).
2) Standard Oil of New York – or Socony, merged with Vacuum – renamed Mobil, now ExxonMobil.
3) Standard Oil of California – or Socal – renamed Chevron, became ChevronTexaco, now Chevron.
4) Standard Oil of Indiana – or Stanolind, renamed Amoco – now BP.
5) Standard’s Atlantic and the independent company Richfield merged to form Atlantic Richfield or ARCO, now BP. Atlantic operations were spun off and bought by Sunoco.
6) Standard Oil of Kentucky – or Kyso was acquired by Standard Oil of California – now Chevron.
Queen Beatrix of the Netherlands
Source of Wealth & Power: a long term major shareholder in Royal Dutch Shell.
2011 meeting attendees:
In order to connect the dots, one needs to examine the organizational structure of Bilderberg Group and their sister organizations, the CFR and Trilateral Commission.
Take a look at the chart below. Members past and present are identified by membership as B- Bilderberg, C- CFR, and T- Trilateral Commission:
The chart above shows members of the CFR, and Trilateral Commission. Some are Bilderberg members, and some are not.
Dick Cheney speaking at a CFR meeting, taking a question from David Rockefeller:
At the 1992 Bilderberg meeting, the group discussed the possibility of “conditioning the public to accept the idea of a U.N. army that could, by force, impose its will on the internal affairs of any nation.” At this meeting Kissinger said, “Today, Americans would be outraged if U.N. forces entered Los Angeles to restore order. Tomorrow, they will be grateful.”
B) What are their goals and objectives? A New World Order?
David Rockefeller: “For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”- From Rockefeller’s book, Memoirs.
David Rockefeller: Sept. 23, 1994 “This present window of opportunity, during which a truly peaceful and interdependent world order might be built, will not be open for too long — we are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.“
George Herbert Walker Bush: September 11, 1990: “Out of these troubled times, our objective—a new world order—can emerge. Today, that new world is struggling to be born, a world quite different from the one we have known.”
Bill Clinton: A New World Order?
Kissinger on Obama’s roll: A New World Order?
Glenn Beck: Reporting on a New World Order?
There has been a long list of political candidates that have attended Bilderberg meetings before being voted into office. Here are a few names.
Bill Clinton – Head of State – USA attends Bilderberg meeting, Germany, 1991 – gets Presidential Nomination Aug 1992.
Tony Blair – Head of State – UK attends Bilderberg meeting, Greece, 1993 – becomes party leader July 1994 – becomes Prime Minister May 1997.
Barack Obama and Hillary Clinton attended meeting in 2008 in Chantilly, VA.
Rick Perry admitted that when he attended the Bilderberg meeting in Istanbul Turkey in 2007 he spoke to them about BORDER ISSUES.
C) Why haven’t we heard more about this from the US media?
I’ll let David Rockefeller explain why;
– David Rockefeller, Speaking at the June, 1991 Bilderberg meeting in Baden, Germany
“We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years.”
“It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”
Apparently the US press has an agreement with the Rockefeller/ Bilderberg group not to report any Bilderberg meetings. The Canadian Press however didn’t get the memo;
D) When and where do they hold their meetings?
May 5-8, 2005- Munich, Germany
June 8-11, 2006- Ottawa, Canada
May 31-June 3- Istanbul, Turkey
June 5-8, 2008- Chantilly, Virginia:
This meeting is one of the more interesting since a lot of evidence was compiled; video & pictures.
Ron Paul knew about the meeting (video);
The June 2008 Bilderberg meeting took place at the Westfields Marriott just days after Barack Obama beat out Hillary Clinton for the nomination to be the Democratic challenger for President.
To try and prove to myself that meetings like this really existed, I called the Westfields Marriott around June 3rd to see if there were any rooms available. Sure enough, they told me the hotel was booked thru June 8th.
News broke that Sen. Dianne Feinstein, D-Calif., was setting a meeting with Obama and Hillary to mend fences. She told Fox News the two candidates met at her house in Washington. Feinstein said she was working upstairs while Clinton and Obama sat by her fireplace. Instead, they apparently took a little detour to the Bilderberg meeting. Obama’s press entourage was not informed of this secret meeting in Northern Virginia until they were locked inside the plane and taxiing down the runway on the way to Chicago.
The Press was angry (video). Here is press secretary Robert Gibbs trying to cover for Obama;
E) How we can use this information to find trading opportunities or reduce risk
I can’t tell you, and won’t tell you in good conscience to trade your investment accounts based on any of the information collected above. The reason is simple. Despite everything I’ve shared above, I have no proof or evidence that anything compiled above can consistently help investors make profitable decisions.
My objective in reporting this information is to try to reveal a few facts, discover a few truths, and keep from getting blindsided by a crisis concocted out of thin air. With all the crazy things happening today with escalating wars, wild swings in oil, rising gold/silver prices, declining currencies, sovereign debt crisis, border issues, and massive debt, there has to be some explanation. For investors, this is a very dangerous time since no one knows when the next crisis will unfold, and who, what, why, where, when, and how it will happen. Maybe the information above can give some answers. Maybe it can’t.
I will tell you there were a few occasions where I bought or sold investments based on information in Bilderberg notes compiled by Jim Tucker and Daniel Estulin that I considered timely, logical, and credible.
Here are a few examples:
Here is an article written by Jim Tucker of the American Free Press in 2006 (Issue #22, May 29, 2006), just prior to the annual Bilderberg meeting in Ottawa, Canada.
In the article above, Tucker referenced the following;
1) 2005 meeting where he learned where “Bilderberg called for dramatic increases in the price of oil. Oil prices started climbing immediately from $40 a barrel to $70.”
2) And “Henry Kissinger and others had gleefully anticipated ultimate prices at $150 a barrel a year ago.”
Oddly, this is exactly what happened.
The Real Estate Collapse:
The most recent example I can give you is Real Estate. I was fortunate enough to sell all my investment real estate just before the collapse.
In 2004, I bought a beach condo (pre-construction) that I intended to keep for 20+ years. I wanted a place the family could gather, etc. After the 2006 Bilderberg meeting in Ottawa, Canada, I read the BBG notes written by Jim Tucker from the American Free Press. Tucker has been a Bilderberg follower since 1975.
In his article entitled; “Big Surprises at Bilderberg” Tucker reported that the Bilderberger’s said the Real estate market was going to crash. When I read a quote from a Bilderberg attendee that said, “Stupid Americans deserve their fate,” I knew I no longer wanted the condo.
I sold the condo for almost a double in July 2006. Today, units in that same condo complex can be bought for less than what I initially paid.
Did I know for sure the real estate market was going to crash? NO. I decided to sell the condo because of past articles written by Jim Tucker and Daniel Estulin.
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