Bill Cara’s Blog for Mar 21, 2012

CTA Trading Desk Morning Report

[9:15am ET] Good morning, Geoff here.

I was talking to a long time trader friend last night. He has more than my 2 decades of experience and we both agreed that these types of markets are tough to trade. I mentioned that weeks ago I started writing about the possibility of a runaway stock market that may end in a climax top. My reasoning was that the liquidity that had been added to the system could be the driver behind that type of move. I told him that even though I had the foresight to envision the move that the market eventually did make, it was still hard to trade.

Why would a market that seems to go straight up be hard to trade? Because over decades of trading you will make a lot of mistakes. Those mistakes are the cost of staying in the business – if you don’t pay the piper a number of times arrogance will kill you in the end because you end up getting sucked into either the greed or fear death spiral.

I would call today’s market a greedy one.

What you learn over time is to continue to trade in a prudent manner. For us that means taking gains on sell signals. By continuing to trade without emotion, we will avoid losing all of our gains when the market corrects – and the market always corrects. Corrections following melt-ups can be fierce to the downside and need to be avoided, but going to all cash means that you will miss the final climax top that could be coming.

Because we have remained long, our growth strategy is up double digits year-to-date and we don’t want to give up all of those gains and hard work should the market move sharply lower. In the end, true performance is measured over a complete market cycle.

The odds are increasing that gold and silver will rally. Maybe that rally will start as stocks make that final move higher before their eventual decline. That is a pretty good bet, but continue to watch prices on your longs and get ready to take gains should it make sense to do so.

Pigs get slaughtered regardless of how fat they have become.

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
^ATX ATX 2,220.65 6:44AM EDT Up 40.65 (1.86%) Components, Chart, More
^BFX BEL-20 2,347.23 6:59AM EDT Down 4.72 (0.20%) Components, Chart, More
^FCHI CAC 40 3,537.46 6:59AM EDT Up 6.63 (0.19%) Components, Chart, More
^GDAXI DAX 7,064.44 6:44AM EDT Up 9.50 (0.13%) Components, Chart, More
^AEX AEX General 330.40 6:44AM EDT Down 1.65 (0.50%) Components, Chart, More
^OSEAX OSE All Share 485.93 6:44AM EDT Down 0.39 (0.08%) Components, Chart, More
^OMXSPI Stockholm General 344.85 6:42AM EDT Down 1.04 (0.30%) Components, Chart, More
^SSMI Swiss Market 6,311.57 6:44AM EDT Up 15.41 (0.24%) Components, Chart, More
^FTSE FTSE 100 5,894.22 6:44AM EDT Up 2.81 (0.05%) Components, Chart, More
FPXAA.PR PX Index 995.20 6:59AM EDT Up 2.60 (0.26%) Chart, More
MICEXINDEXCF.ME MICEX Index 1,559.93 7:59AM EDT Up 0.92 (0.06%) Chart, More
GD.AT Athex Composite Share Price Index 769.06 6:43AM EDT Down 12.82 (1.64%) Chart, More

http://finviz.com/futures.ashx

http://finviz.com/fut_chart.ashx?p=m5&t=ES

http://finviz.com/fut_chart.ashx?p=m5&t=ZB

http://finviz.com/fut_chart.ashx?p=m5&t=DX

http://finviz.com/fut_chart.ashx?p=m5&t=GC

http://finviz.com/fut_chart.ashx?p=m5&t=SI

http://finviz.com/fut_chart.ashx?p=m5&t=CL

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


CTA Trading Desk Mid-Day Report


CTA Trading Desk Post-Close Report


Jeff Borsato’s Hidden Truth

Was Obama really born in the United States?: The Anatomy of a Conspiracy

This is old hat to many readers of both mainstream and underground news sites.

This article from a Russian website is intended for english readers, their motives are in service of the Russian intelligence services, not the truth or objectivity.

It possesses all the hallmarks of conspiracy lunacy: poorly written, attempts to use big words to appear legitimate and claims no one else is reporting this story which is not true as evidenced by this CBS piece.

In addition the claim that this revelation is new or unique, (which is not true) ignores the reality of this being old news. The reason conspiracy theories like these proliferate is because most agents of proliferation drink each other’s bathwater: not a single piece of new info is presented here or in subsequent stories, just the same stuff recycled over and over.

The central premise of this Pravda piece: the person making the accusation (Joe Arpaio) is a “serious and respected” law official when in fact this sherrif is considered the most controversial sheriff in the US, he has been indicted several times for corruption, tampering with evidence, evading investigations and racial profiling.

My feeling on this whole issue like many others in the sphere is that the birth certificate could in fact be a fake; it’s not impossible. To date there is no credible evidence to suggest the President of the USA is lying about his place of birth.

If it is revealed to be true, the odds are it was an elaborate forgery discovered by investigators using sound science and deductive reasoning, not the rantings of the lunatic fringe. Their claims rest on the foundation of racial discomfort with a black president of foreign born parents or dislike of democrats and most likley a willingness to believe in fairy tales.

This is no different from sightings of Elvis and bigfoot- It gives people hope, but not the good kind. This type of reporting is akin to never telling your child there is no santa claus when they get older, after a while it’s a bit sad they haven’t grown up and figured it out.

Stay thirsty friends, but don’t drink the kool aid.

jeff borsato
jeffborsato@gmail.com


  1. 7:00 AM ET MBA Purchase Applications 10:00 AM ET... [#106586]
    By: davefairtex (5215 comments) Go to top ↑
  2. 1 in Buy alert 5 in Distribution Zone 12 in Sell... [#106587]
    By: davefairtex (5215 comments) Go to top ↑
    • 1 in Buy alert
    • 5 in Distribution Zone
    • 12 in Sell alert

    Accumulation Zone: Monthly 3, Weekly 1, Daily 7
    Distribution Zone: Monthly 15, Weekly 21, Daily 13

  3. ... [#106590]
    By: Les (7233 comments) Go to top ↑

    http://www.bhpbilliton.com/home/investors/reports/

    Business Insider playing the scare story on the back of this presentation – China is flattish!Sounds like one of Vad’s adjectives.

    http://www.businessinsider.com/bhp-iron-ore-china-

    It’s clear though that caution is merited short-term. China’s an accounting black hole and as Vad pointed out, if central planning is similar to Soviet design, then issues could be lurking beneath the surface.

    I am surprised by rosy projections for continued car growth penetration in the US though. Let’s see what a round of sovereign debt crisis’ in key global markets can do to those numbers.

    Sinn notes the warning lights flashing on the Aussie dollar here:

    http://www.robertsinn.com/2012/03/20/the-aussie-fl

    I’ve certainly noted the lackluster efforts by the Aussie all ords this year.

    http://tinyurl.com/6vbrxhe

  4. see vid @ http://www.fx360.com/calendar/ I really don't... [#106591]
    By: Les (7233 comments) Go to top ↑

    see vid @ http://www.fx360.com/calendar/

    I really don’t get the EU shoveling a tax down global aviation’s throat at a time when its teetering on the verge of depression, if contagion sets in from the periphery, but whatever.

    Yet Indian saber rattling tit for tat fees and exclusion for use of airports and airspace is arguably illustrative of some horse trading, that if not resolved soon is going to lead to further economic issues on the continent. JMO.

  5. ... [#106592]
    By: Les (7233 comments) Go to top ↑
  6. ... [#106593]
    By: Les (7233 comments) Go to top ↑
  7. The reason I bring this up is because I am currently... [#106594]
    By: nebish (297 comments) Go to top ↑

    The reason I bring this up is because I am currently reading it and was utterly shocked to discover that Robert Friedland gets more than a few pages in it….yes, that Robert Friedland (Ivanhoe). Apparently, they were students at Reed College in Oregon together and Friedland had a great influence on Jobs early in life.

    Talk about six degress of separation…I would not have paired these two in any constellation of circumstance, yet it happened. In fact, Jobs is notably quoted by Isacsson at the conclusion of the chapter as saying that he never thought one of his spiritual influences would end up being (derisively) a “gold miner”.

    • nebish, I have read the Steve Jobs authorized biography... [#106601]
      By: Bill Cara (4105 comments) Go to top ↑

      nebish,

      I have read the Steve Jobs authorized biography and recommend it. I have mentioned in my writing in the past of the Jobs-Friedland connection and also one between them and Dr. Larry Brilliant.

      In 1984 (as I recall), Robt Friedland arrived at my office at Dean Witter to meet my analyst associate Tony Garson who happened to be out of town. Friedland asked for me. Just arrived from Vancouver for his first ever trip, pulling his luggage on a cord down University Ave, we went out for dinner. I had wanted to go for a beer as it was a Friday afternoon. Five hours later, we agreed to do business. In fact later, Robert was good for my business and I will always appreciate that. One of his many stories was about India and Jobs and Dr. Brilliant. He arranged for me to meet Brilliant who was looking for financing of a software technology company that had a marketing deal with AT&T. I then met Dr. Brilliant at his office in Ann Arbor and he took my wife and I to the U Michigan football game before a party at his place. I then took him to NYC to arrange his financing, which we did. I also traded Friedland’s stock and Robert was kind enough to send me some large US clients.

      The Jobs biography was enormously kind to Dr. Brilliant who went on to become a lifelong friend of Steve’s, and one of the very first people he telephoned to give him news of his bad health outlook. Dr. Brilliant is that kind of caring person most anybody would like to deal with. After Google started up, he was made chairman of the Google.org billion dollar charity company. He never mentioned that after I looked him up a couple years ago in San Francisco, and I learned of it in the Jobs book.

      On the other hand, Jobs biography was enormously harsh on Friedland, not, I believe, because Robert had become a goldminer, but because of the way Jobs saw Friedland’s over-powering personality in a different light after the two had reached a greater maturity. Perhaps Jobs recognized that he picked up some traits from Friedland, like the stare-down maneuver Friedland became famous for, or that he later saw that Friedland possessed a worldly view somewhat lacking the spirituality persona he had created as a youngster that Jobs was attracted to.

      In any case, Steve Jobs’ life obviously was significantly impacted by both Friedland and Dr Brilliant. I’m sure his portrayal of Friedland is an honest one, but, for one, I’d like to hear the Friedland version. If anybody could write an interesting book, I’m sure it’s Robert.

      • Great stuff, Bill. Thank you kindly for sharing in such... [#106610]
        By: nebish (297 comments) Go to top ↑

        Great stuff, Bill. Thank you kindly for sharing in such detail. I look forward to reading about Dr. Brilliant as I have not gotten that far into the book yet, but it is ceratinly an easy and crisp read which is a great credit to Mr. Isacsson.

        The thing that struck me most was what a hippie/drug user/counter-culture guy that Friedland (and Jobs) apparently started out as (in contrast to Wozniak, who sounds strictly like a good natured, engineering nerd). I find myself looking at some of my bosses here at work in a different way now (they are all in their late 50′s and early 60′s and would fall into that same generation). I am beginning to wonder if they started out in life one way and ended up quite somewhere else. Friedland is someone who is certainly worthy of a decent biography, but I get the impression he’s far more interested in what’s he’s doing than what he’s done, so he’s probably a tough guy to get to talk (as Jobs was until he got sick).

  8. ... [#106595]
    By: Bull Hunter (3552 comments) Go to top ↑
  9. U.K. Chancellor Osborne's announcement (during his budget... [#106596]
    By: szoya (114 comments) Go to top ↑

    U.K. Chancellor Osborne’s announcement (during his budget address) of his decision to build up the country’s gold reserves

  10. (Reuters) - General Mills Inc posted a quarterly profit in... [#106597]
    By: tradylady (205 comments) Go to top ↑

    (Reuters) – General Mills Inc posted a quarterly profit in line with Wall Street expectations and stood by its lowered full-year forecast as it faces higher costs for raw materials.

    “Fiscal 2012 has represented a challenging operating environment, with the highest level of commodity inflation that we’ve seen in 30 years,” Chief Executive Officer Ken Powell said in a statement on Wednesday….”

    Bernank? oh, yes, he doesn’t live in the real world.

  11. CHA - Shares are now Neutral from Overweight at JP... [#106599]
    By: Bull Hunter (3552 comments) Go to top ↑

    CHA – Shares are now Neutral from Overweight at JP Morgan.

    ORCL – estimates increased at Morgan Stanley through 2013, Morgan Stanley said. Company is carrying a lot of operating momentum into the coming quarters. Overweight rating and $33 price target.

    ORCL – Oracle estimates, target raised at UBS. Shares of ORCL now seen reaching $36, UBS said. Estimates also increased on bigger pipeline and better conversion. Buy rating.

    ——

    Other stocks of possible interest:

    RGLD – upgraded at National Bank Financial to Outperform from Sector Perform, National Bank Financial. $82 price target. Recent sell off overdone.

  12. BHI is taking down the entire sector of oil service stocks... [#106600]
    By: ea32da32 (2362 comments) Go to top ↑

    BHI is taking down the entire sector of oil service stocks. RES has a high short interest ~28% but financially in good shape http://finance.yahoo.com/q/ks?s=RES+Key+Statistics

    I started a stock position in RES and looking to start a small call position in BHI.

    started 1/2 CJES – will add at 9.5

    Geithner/Bernaq on CSPAN3

    Earl

  13. ... [#106602]
    By: Bill Cara (4105 comments) Go to top ↑
  14. ... from the institutional investors. and the institutional... [#106603]
    By: NYUGrad (4750 comments) Go to top ↑

    … from the institutional investors. and the institutional traders are now in the pool driving price. You can also see TSV (Time segmented volume) is still bullish along with price, with rate of change falling, which may signal continued accumulation. If so, it can also be a precursor to another larger imminent move.

    http://i41.tinypic.com/17a82d.png

    FD i have options to profit both long and short. It limits some of my gains but is a decent strategy when a trader is expecting a big move in either direction.

  15. Over the past three weeks the iShares MSCI All Peru Capped... [#106604]
    By: morpheustrading (77 comments) Go to top ↑

    Over the past three weeks the iShares MSCI All Peru Capped Index (EPU) has been consolidating in a tight range as it has set a sequence of higher lows. Yesterday, EPU formed a big reversal candle as it undercut the 20-day EMA but managed to recover and close in the upper 25% of its intraday range. A volume fueled move above the two day high of $44.88 could provide a buying opportunity in EPU. The setup is shown on the attached chart.

  16. LONDON (Reuters) - The Treasury said on Wednesday there... [#106605]
    By: szoya (114 comments) Go to top ↑

    LONDON (Reuters) – The Treasury said on Wednesday there were no plans to add to gold reserves, after Chancellor George Osborne said in a presentation of the budget that he would take the opportunity to rebuild the country’s reserves.
    “What the Chancellor is talking about here is rebuilding the official reserves, so it’s not gold-specific. It’s just over financing the deficit this year by 6 billion pounds ($9.51 billion) in 2012-13 to build up the official reserves,” a Treasury spokesman said.
    Osborne said in presenting the country’s budget for fiscal 2012-2013: “We are also taking the opportunity to rebuild Britain’s reserves, which had fallen to historically low levels. I can confirm our gold holdings have risen in value to 11 billion pounds.”

  17. Was Obama born in the USA? New post in The Hidden... [#106606]
    By: Jeff B (715 comments) Go to top ↑

    Was Obama born in the USA?

    New post in The Hidden Truth

  18. I bought a few shares because my wife likes the company and... [#106609]
    By: ea32da32 (2362 comments) Go to top ↑

    I bought a few shares because my wife likes the company and so do the people who purchase the handbags http://insidestitch.com/2012/03/12/summers-almost-… DYODD for sure -simply FYI

    Jeff B – you can download the BC off the WH published site (their proof not mine) and repeat the same expirment others have – then you can draw your own conclusion. It is what it is like it or not.

    Earl

  19. To me, it will henceforth be known as: "Little Rocks Off"... [#106612]
    By: jock (1011 comments) Go to top ↑

    To me, it will henceforth be known as: “Little Rocks Off” ……

  20. http://www.thestar.com/news/article/991844--forget... #2... [#106613]
    By: Bill Cara (4105 comments) Go to top ↑

    http://www.thestar.com/news/article/991844–forget

    #2 in the world: “City of Opportunity”.

  21. Wow. What's that... [#106614]
    By: tradylady (205 comments) Go to top ↑

    Wow. What’s that about?

    • My nephew called and said he repeated this and it's a fake... [#106615]
      By: ea32da32 (2362 comments) Go to top ↑

      My nephew called and said he repeated this and it’s a fake. He sent me the link he copied the procedure from http://www.youtube.com/watch?v=7s9StxsFllY

    • tradylady and others, Sorry about that. The truth is that... [#106620]
      By: Bill Cara (4105 comments) Go to top ↑

      tradylady and others,

      Sorry about that. The truth is that I asked JeffB to write about that because I think in this election year we are going to be exposed to the most ridiculous and misleading disinformation. The only line that JeffB might have added was that we need to stick to analyzing and discussing prices and forget all the rest.

      • True that Bill, can't fix that stuff here! BHI - hanging... [#106622]
        By: ea32da32 (2362 comments) Go to top ↑

        True that Bill, can’t fix that stuff here!

        BHI – hanging in there just above my stop at $.84 on may49C – 3X normal volume and I think the selling has to play out here – ok I hope!

        VRA is doing well so far – my wife loves the bags so it’s hard to argue with that one…

        Earl

  22. chick this out;... [#106616]
    By: ea32da32 (2362 comments) Go to top ↑
  23. Cramer hammers this stock again - I'll never look at it... [#106617]
    By: ea32da32 (2362 comments) Go to top ↑

    Cramer hammers this stock again – I’ll never look at it again! I Say Meh on Oracle – http://ow.ly/9NccL

  24. StockTrader's Almanac: "...gold has enjoyed a period of... [#106619]
    By: tradylady (205 comments) Go to top ↑

    StockTrader’s Almanac:

    “…gold has enjoyed a period of seasonal strength since 2001 that begins toward the end of March and lasts until late May… the last eleven years, gold has gained 9 times for a cumulative single contract gain of $50,240. Stochastic, MACD and RSI indicators are also setting up nicely coming into late March. RSI appears to have turned (red arrow), as has Stochastics (black arrow). MACD has not issued a buy confirmation signal yet (green arrow), but if support holds a signal could be imminent.

    http://blog.stocktradersalmanac.com/post/Golds-Spr

    • Since inception GLD has been positive in March only twice... [#106625]
      By: lowpickr (153 comments) Go to top ↑

      Since inception GLD has been positive in March only twice out of 8 years (including this year). Last year (2011) was the last positive March coming off a correction in January and the tail-end of QE2.

      The attachment has the monthly performance of GLD using Yahoo monthly data (open/close).

      April btw was up 5 years, down 2 (2008,2009).

  25. Performance chasing money managers like big short float to... [#106623]
    By: London (235 comments) Go to top ↑

    Performance chasing money managers like big short float to make up $$$ at Qtr end.

    yesterday,Retail doing well today, 50% short float VRA

    should be ready to squueze soon.

    03/20/2012 – 10:27

  26. last trade $0.77. 3 years high $0.92. starting to feel like... [#106627]
    By: 14them34me (295 comments) Go to top ↑

    last trade $0.77. 3 years high $0.92. starting to feel like a rocket !

    Thanx Bill for cluing us in.

    • New director Mazen Haddad has purchased 300,000 between Feb... [#106628]
      By: Bill Cara (4105 comments) Go to top ↑

      New director Mazen Haddad has purchased 300,000 between Feb 22 and March 12 at prices of $0.50, $0.61 and $0.63.

      The company VP Technology bought 8000 shares at $0.60 on March 12.

      I’m pleased.

      http://www.argex.ca/

      FD: I hold a 4.30% junior mines and metals portfolio position with an ACB of $0.47. My PT was $0.90 going in, but I need to update my analysis. The hi-lo today is $0.68-$0.77, presently $0.74-$0.76 bid-offer.

      I think the iron ore property eventually will be dividended out to shareholders.

  27. ... [#106629]
    By: jmugarian (23 comments) Go to top ↑
    • I should have picked a real busy market day to bring this... [#106630]
      By: Bill Cara (4105 comments) Go to top ↑

      I should have picked a real busy market day to bring this up because I really did not want us to go down this road. Sorry.

      • ... [#106635]
        By: MtnGntx (241 comments) Go to top ↑
        • Long live the... [#106636]
          By: ea32da32 (2362 comments) Go to top ↑

          Long live the Queen!

          • I wish we'd focus more on Obama (and all the other... [#106646]
            By: davefairtex (5215 comments) Go to top ↑

            I wish we’d focus more on Obama (and all the other Republican Obama-clones) essential failings and less on the merits (or lack thereof) of these Nixonesque whisper campaigns. In this election season, it feels to me as though we are presented with a number of identical cakes, each with a different color frosting on the outside. They appear different, but when you cut through to the core, they are all the same. Except for Ron Paul of course, who will continue to be marginalized.

            We are currently groaning under the constant weight of the bipartisan control of governmental policy by the TBTF banking establishment – to the point that no major figures in any of the widespread frauds have been convicted, it really just goes on and on, and we choose to focus our firepower on this target? Really?

            Perhaps we’re tired of the same-old widespread bipartisan corruption issues and we’re dying to find something new to talk about, because the ongoing institutionalized structural control of our political process just isn’t exciting enough to continue looking at day after day.

          • ... [#106655]
            By: Grym (5469 comments) Go to top ↑
        • MtnGntx, Please try to control yourself in your hatred of... [#106647]
          By: Illini (672 comments) Go to top ↑

          MtnGntx,

          Please try to control yourself in your hatred of our current President. Especially your last paragraph. What you say may be indicative of the several last Presidents. What’s the difference? I do not request a reply.

          • For the record, and you can go back and look through every... [#106649]
            By: MtnGntx (241 comments) Go to top ↑

            For the record, and you can go back and look through every comment I’ve ever made on this blog for corroboration, current pitty aside, I have always supported this President. Always.

            My proof in his favor; we are not embroiled in a third world war. I am certain he presents a terrific problem at times for his handlers. That makes me happy.

            Please dont accuse me of things that are not true.

        • MtnGntx... You elucidate a brilliant synopsis of Western... [#106651]
          By: Ilya (572 comments) Go to top ↑

          MtnGntx…
          You elucidate a brilliant synopsis of Western Socialism from a ‘Shaw/Ibsen’ and others prospective. I am jealous that my feable attempts to say the same things seem shallow compared to your observations. My compliments.

          But yes, there is redress in the form of a constitutional convention…..which will never be allowed to happen…for the reasons that you outlined.

          Since the Civil War and certainly since FDR, the U.S. has gradually declined to an ‘Imperial’ presidential dictatorship abbetted by the expansion of the franchise and the manipulation of said same and incrementally determinated by fringes that will always vote their own unearned benefits… Such has the Demos become, as it always has.

          I take solice from my ‘Spenglarian’ view of the comparitive metamorpheses of civilizations and only note that ‘Western Civilation’ is about where it should be on a 2,000 year timeline. Alas we may not live backwards.

          I revel in my 2,000 book, paper print library in the sense that some furure revisionist digital daemon cannot alter them. I only have 10 digits not including my toes but ‘Uncle Overseerer’ has quinzipplicans and the staff to prove that plus 2′s equal 5.

          Local law enforcement will soon have flying spy-bots in the skys and “Fahrenheit 451″ will become the norm. The new reality TV might be a touch on a pad from the Demos to determine whether the ‘perp’ is apprehended at cost or shot down at a lesser cost for the benefit of the social herd…

          An alternative to a constitutional convention might be a general boycott of the general elections. I dream…

          And tomorrow the casino will again open and ……….fluctuate.

    • ah yes, linking back to the very same newspaper to support... [#106631]
      By: Jeff B (715 comments) Go to top ↑

      ah yes, linking back to the very same newspaper to support your argument.

      this is called the “credibility gap” when people read what appears to be an official looking newspaper and assume its a credible source. instead of reading what Pravda says, read what actual people have to say about Pravda and it’s history as an arm of Russian Propaganda Services.

      I would take everything they post with a hefty grain of salt.

      These conspiracy stories proliferate precisely because we keep recycling the same old stories and slightly changing them to create the image that there is all this evidence. Birth Certificates are printed on paper, it is forge-able. But the fact that long form birth certificates can be forged, or that people have forged them before doesn’t mean that the president forged his.

      This is why so many people believe this story, they are presented with “facts” which are recycled links to the same other stories, then presented with “facts” about birth certificates being easily forged and assume there must be a link.

      Im not surprised people have come out in support of this idea, it has been well presented to the media and to the public.

      • Jeff B, I notice you skipped this one asserting computer... [#106632]
        By: Grym (5469 comments) Go to top ↑

        Jeff B,

        I notice you skipped this one asserting computer assembly in layers.

        http://www.wnd.com/2012/03/stunner-balanced-tv-rep

        If this is something which can be proven, then it gives credence to the whole concept. Why would Obama defenders need to “assemble” such a document?

        My cat has better documentation. And would be a better president ;-(

        I will always regret having voted for the guy to be my Illinois senator. I have come to believe he is totally self-centered, has nothing but distain for the USA and is a superb graduate of the Chicago school of politics. I truly hope we were not stupid enough to elect a charlatan as President of the United States, but with all the other disregard for US laws, nothing seems beyond possibility to me anymore.

        Grym

  28. Lucky for me the biggest enemy of Mr. Obama, Fox news... [#106633]
    By: Jeff B (715 comments) Go to top ↑

    Lucky for me the biggest enemy of Mr. Obama, Fox news, published a report by an actual Forensic expert confirming the authenticity of the Birth Certificate as shown in the infamous youtube video:

    http://www.foxnews.com/politics/2011/04/29/expert-

    This type of analysis is relevant to trading simply because so much of our thought processes are coloured by baseless speculation disguised as truth and fact.

    How many times have we heard that the president is faking his country of birth? How many times has actual evidence from an expert been presented in an official forum to prove its authenticity? The report compiled by Sheriff Arpaio can be conveniently purchased here for just $10:

    http://superstore.wnd.com/digital/A-Question-of-El

    Why hasnt anyone who seems so convinced bought the book? Additionally why hasn’t anyone given thought to the veracity of evidence that one must pay for to view, that was published by a public official?

    Im glad people found this interesting, and while it shifted us away from the market for a moment or two, I think it reminds us to stay sharp in the face of disinformation. ;)

  29. ... [#106637]
    By: NYUGrad (4750 comments) Go to top ↑
    • Also the fact Ruger is flat out booked until May, will... [#106640]
      By: NYUGrad (4750 comments) Go to top ↑

      Also the fact Ruger is flat out booked until May, will allow other manufacturers to pick up market share, as obviously the handgun consumer demand is larger than supply right now.

    • Gosh, NYUGrad, didn't I suggest going long RGR-NYSE... [#106644]
      By: Dr. Strangelove (2004 comments) Go to top ↑

      Gosh, NYUGrad, didn’t I suggest going long RGR-NYSE yesterday? You must ask yourself: How many companies out there today have demand outpacing production capacity other than the PM miners and the oilers? Oh, and there’s no ‘paper’ market in gun futures that I know of but maybe Ollie North is still out there doing it with the drug cartels!

      Cheers.

  30. Anyone following this company. Kaimu used like this junior... [#106638]
    By: Pierre (96 comments) Go to top ↑

    Anyone following this company. Kaimu used like this junior coal company. This traded around $0.80 now trades around $0.40. Not sure whether there are any near term catalysts that would support averaging down.

    Also AZM trades close to its 52 week low and could bounce off if the jr gold market rallies. It used to be a $9 stock few years ago, I have no position in this stock.

    • Eastcoal has just recently acquired a 2nd coal mine in... [#106650]
      By: jock (1011 comments) Go to top ↑

      Eastcoal has just recently acquired a 2nd coal mine in Ukraine. The company claims there is only 1 other modern coal operator in the country. Their management, of course, is the guys who built Western Coal, which was successfully sold.

      The only curiosity is that ECX can not currently be traded in the US. I have shares bought here in the US, which my broker can not even move to my Canadian account.

      I had phoned and emailed ECX several times, asking how they could have run afoul of the SEC and be prohibited in this country. Today, I received (finally) a non-answer to the effect that this traced to a problem some years ago, which will take some time to resolve.

      Long story, short? – not possible for Americans to buy or sell, but an interesting prospect for Canadians …

  31. Surprised that the positive news announcement did not make... [#106639]
    By: Pierre (96 comments) Go to top ↑

    Surprised that the positive news announcement did not make much of a difference in the stock prices. I hold a position at higher price but have tried to reduce the ACB by selling $5 calls when it was trading in the $4 range. The current option premiums for RBY are not very enticing esp. $2.50 PUTS premiums is .15 and $5.00 CALLS premium is .14 for Sep expiration.

  32. as Jack Kerouac said in response to one fool saying ' you... [#106641]
    By: baz22 (2875 comments) Go to top ↑

    as Jack Kerouac said in response to one fool saying ‘ you can’t get blood from a turnip ‘… And many fools there are, as fiat money floods the globe. What is true value. Something that can be mass-produced for the masses ? Hmmmmm… I guess you can fool all of the people some of the time, etc.., but stark reality is a dog that is better left lying. But then there’s the ‘ yellow dog ‘, ol’ yeller, and it will be up and running the game real soon. Tulip Mania ? Hell, even I can grow a tulip. Yep, I can also do a little panning, but the center stage belons to the real pro’s, that have millions out of thei own pockets ( Thank You, Dr. Rob ). It takes awhile for most people to wake up ( or get their eyes off the ‘ pad ‘ long enough ) to realize the ultimate value play ain’t grown on trees or in a Fab factory in China. Its a one shot deal from Mother Earth, and there ain’t much left. Geoff was right. The next move will blow your hair back. I will be there for the party…. Baz.

  33. ... [#106642]
    By: BOB 47 (361 comments) Go to top ↑
  34. http://goo.gl/DknlP "In a blow to non-banking finance... [#106643]
    By: Pierre (96 comments) Go to top ↑

    http://goo.gl/DknlP

    “In a blow to non-banking finance companies in gold loan business, the Reserve Bank of India has directed them not to give loans exceeding 60 per cent of the value of the gold jewellery pledged with them”.

  35. Voices.com has been chosen Best Medium-sized Business by... [#106645]
    By: Bill Cara (4105 comments) Go to top ↑

    Voices.com has been chosen Best Medium-sized Business by the London ( Ontario ) Chamber of Commerce at an awards gala tonight.

  36. Hi All - Speaking of turnips, tulips or whatever made this... [#106648]
    By: Luggie (639 comments) Go to top ↑

    Hi All – Speaking of turnips, tulips or whatever made this one particularly interesting in the whack-a-mole category. As always thanks to Bill for our forum and a heads up on the likes of Golden Reign & Argex. Happy Trading

    http://www.zerohedge.com/news/catching-silver-crus