Chart to Watch - Corn

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of December Corn (ZC.V12.E). I hope you had a GREAT week !

Corn is currently in a counter trend correction and has gone on a weekly red MarketClub Trade Triangle which reflects the counter trend move.

The monthly MarketClub Trade Triangle is still green which means the longer term monthly trend is still bullish for Corn. Continue reading "Chart to Watch - Corn"

Doug Casey on the Good, the Bad, and the Ugly of Today's Journalism

Louis: Hola Doug. What's on your mind this week?

Doug: The color yellow. As in "yellow journalism" – which seems almost the only kind we have these days. Of course, to be fair, inflammatory, shamelessly dishonest "man bites dog" journalism has always been the dominant kind, simply because it sells papers. But we'll see more than the usual amount in the next couple of months, simply because elections lend themselves to it; politics seems to stimulate the reptilian part of the brain, the most primitive part. Both politics and the reptilian brain relate well to the yellow press.

Anyway, like many people, I watched snippets of the Republican National Convention in Tampa. Maybe, since I'm engaging in punditry, I should have watched the whole damn thing. But I simply couldn't force myself to watch even all the parts that were broadcast, because it was just too boring and degrading. I can't imagine how the people who were there for the whole four days were able to remain awake for the whole thing. Perhaps this is proof that zombies really do exist. What kind of people could take such a charade seriously? It was all canned speeches and scripted events that were basically dishonest. Politics has always been dishonest, of course, but at least it used to be unscripted and mildly entertaining… Continue reading "Doug Casey on the Good, the Bad, and the Ugly of Today's Journalism"

Legalized Plunder

“Legalized Plunder – Why we have all been had, fooled and deceived…. and the surprising reason we keep asking for more of the same bad medicine”

Author G Edward Griffin was pilloried from all sides when his book The Creature from Jekyll Island was first published in 1994.

18 years later, when prediction after prediction has come true, and Griffins claim that we are in the middle of enormous changes to society that will affect your lifestyle, your livelihood and your financial wellbeing are playing out every day, people are taking notice.

Last week in his candid video interview with Caseys Research’s Louis James. Griffin talked about the book, his thoughts on the ominous slide towards a totalitarian state and where he feels we are heading. From here on in. Continue reading "Legalized Plunder"

It's All out the Window Now

In the run up to Thursday’s FOMC announcement of open ended ‘asset’ (mortgage debt) purchases, ZIRP extension and Twist continuation, NFTRH had been using the average US presidential election cycle, sentiment backdrop and of course technical analysis to stay bullish (with associated rising risk profile).  We had incorrectly minimized the potential for QE right here and now in the interest of not running with an increasingly over bullish herd and with respect to risk management.

Well, that is all out the window now because the US has apparently conspired with Europe to jointly enter the currency depreciation sweepstakes with the US springing out of the gate to a healthy lead.  Sentiment is becoming dangerous, speculation is breaking out and liquidity warning indicators like the Gold-Silver ratio, US dollar, US Treasury Bonds, TED Spread and LIBOR have all been dispatched on a southward journey in the interest of greed, speculation… and desperation.  This is the moment of maximum hubris by Ben Bernanke and powerful policy makers the developed world over. Continue reading "It's All out the Window Now"

Gold Chart of the Week

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (9-17 though 9-21)

Last week brought the final piece of news that the Gold Market needed to not only continue a campaign higher, but also to put the “Gold Bugs” comfortably in the drivers seat. For anyone that trades, owns, or simply follows the price of Gold, the FOMC announcement to bring back Quantitative Easing was very big news.

In short, the FED decided to reinstitute a plan that will involve printing more US Dollars and purchasing debt. They recognized that since late February when QE2 was halted, overall market sentiment had gone cold. The job market has suffered, the real estate and mortgage market has gone flat, overall market sentiment has not improved, and this has left major markets dangerously low in volume. Continue reading "Gold Chart of the Week"