Monday, September 28, 2009

CFRN Radio News Flash - CT Returns To The Air This Thursday - October 1st, 2009 11am EST


















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Tuesday, September 22, 2009

Aloha / We made it!



Friday, September 18, 2009

Emini Futures Trading / Prosperity for God's People - Friday September 18, 2009

(QQQQ)(DIA)(SPY)(INDU)(DJIA)

Islamic Day of Prayer at the White House Sept. 25, 2009

In 1952 President Truman established one day a year as a National Day of Prayer.

In 1988, President Reagan designated the first Thursday in May of each year as the National Day of Prayer.

This year, 2009, President Obama, decided to cancel the ceremony for the National Day of Prayer at the White House. The reason... not wanting to offend anyone.

On September 25, 2009 from 4am until 7pm, a National Day of Prayer for the Muslim religion will be held on Capitol Hill, beside the White House. As a Christian, it makes me really wonder where the REAL direction of this country is headed.

Folks it does not matter if you voted for the man or not, as Christians I would hope that you see what is taking place in this nation and that it would stir your spirit.







All That Glitters
by Bill Bonner
London, England


Of all the many miseries that man faces on his journey from cradle to grave, few of them can be eased by enlightened central banking. And a credit contraction is not one of them. Japan proved it. After the Japanese market collapsed in 1990, public officials went to work with their characteristic energy and incompetence. They lowered the cost of borrowing to nearly zero. But did consumers take up the money and add to the demand for bread and bicycles? No. They didn't want to borrow. They wanted to save. They had speculated during the previous bubble years and lost money. Then, with retirement approaching, a penny saved was worth even more to them than a penny earned. They saved more than ever...and the consumer economy sank.

The Japanese persisted. They lent so freely that the yen became the 'funding currency' for a worldwide boom. Prices rose all over the planet - except in Japan itself. The land of the rising sun couldn't seem to get up in the morning. Property investors lost money. Stock market investors lost money. Japanese consumers sewed their pockets shut.

And now that the dollar is the world's 'hot money' the world's surviving gold bugs see their moment of rapture fast approaching. Gold is not an investment category. It is no investment at all. Instead, it is more like a religion or a political position. True believers stick with it through thick and thin. When gold goes up, they are insufferable. When it goes down, they are unrepentant.
"No monetary system lasts forever. This one – an impromptu experiment, at best; premeditated larceny at worst – has already lasted longer than most marriages."

The price of gold peaked out in real terms in 1979 at over $2,000 in today's money. Briefly, an ounce of gold was so loved - and stocks so despised - that you could buy all the stocks in the Dow index for just a single ounce of gold. But then, the gold martyrs suffered a terrible persecution - nearly two decades years of steadily falling prices. Not just in real, inflation adjusted terms, but in absolute terms. By the end of the period, it took 43 ounces of gold to buy the Dow stocks, and gold bugs were gathering in small groups praying for salvation and awaiting the end of time. It seemed as though the cult might be extinguished; few were still alive. Fewer were still solvent. Of those, even fewer were still sane. But then, like Christians huddled clandestinely in an unheated Soviet apartment, the wall fell. Gold began a comeback.

What inspires this little reflection, apart from a night of heavy drinking, is the price movement. At the beginning of the week, gold closed comfortably above the $1,000 an ounce mark. Then, on Wednesday morning...it shot up. The end of the world has been delayed, perhaps indefinitely. And yet, gold - an option on financial chaos - trades as if it were coming next week.

What gives? Here on the back page we keep an eye on the yellow metal. Not because we expect the end of the world. Still, you never know; maybe the gold bugs are onto something. No monetary system lasts forever. This one - an impromptu experiment, at best; premeditated larceny at worst - has already lasted longer than most marriages. The bust-up, when it comes, threatens to be nasty and expensive.

The easiest story to sell in the current marketplace is the inflation story. In an effort to revive the go-go economy of the bubble era, the feds are adding to the money supply. They will continue doing so until inflation rates go up. They make no effort to hide it. They have as much as warned the world: prepare to be robbed. According to the popular story line, the gold market now anticipates inflation. Investors should too. We have told this story ourselves; we still believe it. But today, we caution readers: there may be a plot twist.

The problem with inflation is that there is none. Consumer prices are falling in China, Europe and America. And if we look harder, we find out why. The feds are pumping the money supply as hard as they can. David Rosenberg reports that the monetary base rose at a 141% annual rate over the past four weeks. But the money fails to reach the real economy. The money supply figures that relate to actual cash in people's hands - M1, M2, and MZM - are shrinking, at -28%, -4.9% and - 6.2% respectively. Why? Because the banks don't lend and consumers don't borrow.

In short, the feds' money goes into cool bank vaults and hot speculative trades. When it tries to find its way to the consumer, it gets lost. As Rosenberg explains it, the transmission mechanism has broken down. We live in a bust economy, not a boom one. In a bust, consumers cannot borrow. They have nothing to borrow against. Both their wages and their assets are going down. Who would lend to them under those conditions? Not a bank that almost went broke itself 12 months ago.

And even if consumers had access to credit, they wouldn't take it. Consumers too, almost went broke a few months ago. Instead of saving money during the boom years, they spent it...or gambled with it. Then, when the bust came in '08, they realized that they were 10 years closer to retirement with little money saved. Now they have to make up for that lost decade, by cutting spending and saving as much money as they can.

Still, gold speculators think they've got God on their side. They march into the coliseum confident that the feds will inflate consumer prices and cause the price of gold to soar. Maybe gold will rise. If so, it will be thanks to speculators and Chinese central bankers, not consumer price inflation. The smart money is still on the lions.

Enjoy your weekend,

Bill Bonner
The Daily Reckoning


The Sowers of the Thunder

by Sean Brodrick on September 18, 2009 at 8:30 am

Sean Brodrick

Many smart people say the markets are headed for another big leg down soon. And maybe they’re right. But traders and investors should always examine opposing views. Today, I want to make the case for stocks going MUCH higher from here. That doesn’t mean I’m bullish on the broad economy — far from it. But stocks could rally — perhaps as much as another 50 PERCENT — riding on a rising flood of government money.

And it could go on for quite some time … into next year and maybe beyond.

The government knows what it is doing — reinflating the financial bubble. And it’s doing it for the simple reason that the shadowy power players in Washington and on Wall Street think they have no choice.

Their power is all that matters to them, and they’ll do anything to preserve it — even reinflate a bubble that could be twice as dangerous to America’s economic system next time around.

As the saying goes, “sow the thunder, reap the lightning.” This game could end very badly. When it does, I think you’ll want to own physical gold and silver.

But while the reinflation game is going on, you’ll want to own stocks, bonds — anything that can ride the government bubble.

The good news is there are investments that can rise in both the short-term and the long-term. I’ll have more on that in a bit.

Also importantly, while stocks could rise another 50 percent, the rally could also end today, if we get a big enough external event that rattles the markets hard enough. That’s another good reason to consider “safety” investments.

First, let’s look at some charts and facts …

Here’s a chart I picked up from ZeroHedge.com. I’ve altered it for clarity.

Correlation of Fed Monetization with S&P Performance

The chart shows how the stock market has climbed at the same time that the Federal Reserve has monetized the debt by purchasing U.S. Treasuries and government-backed debt securities.

The fact that both stocks and Fed debt monetization are going up at the same time is no coincidence. As I explained in my video on Tuesday, just in the United States alone, the Fed has purchased $1.24 TRILLION in Treasury and Agency securities. The Fed plans to buy at least another $507 million in debt over the next couple months.

At the same time, the Fed is holding its key interest rate at essentially zero. Result: Banks are getting to trade nearly worthless securities for cash while at the same time they are able to borrow money at very low rates.

Of course they invest that money in stocks and bonds … and hard assets, like gold and oil and silver and copper.

The government says that it will stop monetizing the debt … and maybe it will. On the other hand, consider that we’re heading into an election year. I think the government has a strong incentive to keep pushing liquidity into the market, if not through debt monetization then through some other scheme, and the government will probably keep doing it at least through the 2010 election.

Why shouldn’t they? They aren’t thinking about consequences. If they were, they wouldn’t be doing what they’re doing now. It’s not like voters are holding them accountable.

Meanwhile, there is $3.5 trillion sitting in U.S. money market funds, according to recent data from the Investment Company Institute. That’s down from a March peak of $3.9 trillion, but it is still HUGE.

Fund managers and individual investors are sitting on that cash, nervously watching stocks go higher. Will they buy in? Of course they will!

As that money gets put to work, stocks, bonds and precious metals will probably go even higher.

How High Can Stocks Go? Pretty Damned High!

Take a look at this chart I made on Stockcharts.com. It’s a monthly chart of the S&P 500, showing how that leading index rallied and rallied hard each time its 5-month moving average crossed above its 15-month moving average. I’ve marked each cross of these moving averages with blue circles.

S&P 500

  • In 1995, the 5-15 moving average cross led to a 211 percent rally over the next five years! That was the beginning of the dot-com bubble.
  • In 2003, the 5-15 moving average cross led to a 56 percent rally over five years. And you remember 2003, don’t you? That’s when Alan Greenspan kept interest rates lower than low for a long time. All that easy money had to go somewhere, and it went into the market.
  • Now, here we are in 2009. Just like in 2003, there’s plenty of easy money around for banks and big investors. And see what’s happening with the moving averages again? The 5-month is about to cross over the 15-month MA. We could be in for a big move … and it could last for a while.

To be sure, there are important differences. But some differences actually make this rally scenario more likely.

The Dollar as the New Carry Trade

The “carry trade” was a period of about five years, from 2003 to 2007, when investors borrowed low-yielding yen (Japanese interest rates never went above 0.5 percent during that time frame) and used the money to buy just about any other currency with a higher yield as well as higher-yielding bonds, commodities, crude oil and even stocks.

By 2007, it was estimated that $1 trillion was wrapped up in the carry trade.

Why did Japan keep interest rates low for so long? Indeed, their low-interest rate policy started in 1995. Japan’s leaders did that because they were trying to prop up zombie banks.

The banks were kneecapped by the collapse of a credit bubble, which led to the cratering of both Japan’s stock market and its housing market.

Gee, do zombie banks, a stock market collapse and housing bubble sound familiar? But apart from a broad economic slump called the “Lost Decade,” some parts of this story didn’t turn out badly for Japan. Take a peek at how the Japanese stock market did between 2003 and 2007 …

Japan Index

Again, there are important differences between Japan then and the United States now. But I’m hearing reports that more big institutions are borrowing money in U.S. dollars and buying other, higher-yielding currencies.

And that’s because, during the past three weeks, borrowing costs in dollars fell below those of yen and Swiss francs for an extended period for the first time since 1994.

Here are a couple of questions for you:

  1. When you fund in one currency to buy a borrowed currency, what happens to the funding currency — in this case, the dollar?

  2. Since hard assets (and U.S. stocks) are priced in dollars, what should happen to the price of those assets?

If your answers are “the currency usually goes down in value” and “the assets should go up in price,” go to the head of the class.

But if you think that this ISN’T being planned by our leaders, then it’s the dunce cap for you. Of course this is all according to plan! The Wizards of Wall Street are making your money cheaper on purpose.

The enormous debts run up under Bush and being extended by Obama have to be paid off with something. It’s a lot easier to pay them off if those debts get cheaper along with the value of the dollar. And I’m sure the folks in Washington are thinking, “hey, maybe a cheaper dollar will pump up American exports and jumpstart much-needed job creation!”

So, those furrowed brow-types in Washington and on Wall Street have found a way to reboot the stock market and create more jobs! We should be giving them a round of applause, right?

Well, hold your applause just a minute …

Here’s How Things Can Go Seriously, Terribly, Horribly Wrong

Stocks are rallying even though the broad economy, especially employment, is lagging badly. Unless and until the real economy improves, you can have a market that is stretched far above its fair-market value. That means it will probably be prone to corrections sharp enough to make your head spin.

But that’s not the big problem.

The big problem comes if America careens into a currency crisis. And I think that potential is out there for the U.S. dollar unless something really fundamental changes.

That’s because the insane clown posse in Washington is adding to the debt burden of every American at a frightening pace. You can see this apocalypse in motion for yourself at the U.S. National Debt clock: http://www.usdebtclock.org/.

The U.S. deficit for this year alone is $1.8 trillion. All that debt has to be paid back eventually, and paid back with dollars. When you create more of something, you cheapen its value. In a nutshell, that’s one reason why the U.S. dollar is breaking support and heading lower.

A currency crisis could be mild or severe. In a mild currency crisis, we could see the U.S. dollar lose about 25 percent of its value.

As the value of a currency goes down, inflation picks up, because it takes more dollars to buy something. And if inflation gets really bad, Americans of all stripes will feel the pinch.

But some of our biggest trading partners — China, Russia, India, and various “friends” in the Middle East — are already making louder noises about dumping the dollar as the international reserve currency.

And they aren’t just making noises. They’re already taking action, buying gold and other hard assets, and slashing their purchases of long-term U.S. securities.

Take a look at this chart …

Swoon in Foreign Purchases of Long-Term U.S. Securities

You can see how foreign purchases of long-term U.S. securities are plunging. This is a vote of “no confidence” in the dollar by central banks around the world. This won’t go in a straight line, either. But the trend is clear. This is one reason why the Fed has to buy U.S. Treasuries.

The Ponzi scheme of the U.S. government buying its own debt can’t go on forever. Eventually, the U.S. dollar will crumble, and probably U.S.-dollar-denominated debt along with it.

A move away from the dollar by foreign governments won’t be quick. There are trillions of dollars worth of investments that have to be reallocated. But once started, this juggernaut is hard to stop.

The real problem is that if the greenback loses its status as global reserve currency, then the world won’t need the trillions of dollars stashed in foreign central banks. Those can come back on to the market … sending the dollar lower, and potentially causing a currency crash.

And that brings us to a “severe” currency crisis. In a worst-case scenario, you have the Zimbabwe experience. Interestingly, Zimbabwe shows that a rapidly shrinking currency is actually good for stocks, in a manner of speaking. For example, in one three-month period in 2007, Zimbabwe experienced 1,000 percent inflation. At the same time, its stock market went up 600 percent.

I don’t think we’re headed for Zimbabwe-type hyperinflation. But I don’t know how bad the currency devaluation will be, either. So investing can actually cushion the blow of a shrinking currency — something to keep in mind as the boys in Washington run experiments on the dollar that would make Frankenstein shudder.

Investments for the Long and Short Term

Fundamentals don’t matter in the kind of market I’m talking about. If we really are on the cusp of a big bull run, you’ll want momentum stocks and funds.

Also, if the U.S. dollar is grinding lower, you’ll also probably do well with stocks that deal in hard assets, for the simple reason that the value of their reserves will increase as the value of the dollar goes down.

But even the SPY, which tracks the S&P 500, should do well in a weakening dollar scenario. You might want to wait for a pullback, and there will probably be plenty of them.

A better bet would be an index that tracks gold miners (GDX), agriculture stocks (MOO) or materials (XLB). And ETFs that hold physical gold (GLD) and silver (SLV) should also do well.

My Red-Hot Commodity ETFs subscribers are riding this wave, recently banking one round of double-digit percentage gains on the SLV, and another round of hefty gains on the DGP, a fund which aims to track twice the performance of gold. After banking those gains, my subscribers are holding half the original positions for potentially more. Sweet!

Just remember, a market floating on easy money could quickly capsize. It could tumble very quickly and with very little warning — I highly recommend you use protective stops.

Longer-Term Investments

Longer-term, I think we’re headed for a currency crisis, and you’re going to want to own physical gold and silver — American gold and silver eagle gold coins are a great place to start, as well as silver “rounds,” or one-ounce silver coins produced by various mints.

I also think that even in a currency crunch, stocks of miners that are leveraged to the price of gold and silver should still do well, especially foreign-based miners. And other hard assets should also do well longer-term if the dollar sinks.

The power players in Washington and on Wall Street are sowing the thunder. A storm is coming. Sitting still just makes you a target. Get busy, and you can protect yourself and potentially profit handsomely.

Yours for trading profits,

Sean

CFRN is off to Oahu. Our next live broadcast will be September 30, 2009.


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Thursday, September 17, 2009

Emini Futures Trading / Prosperity for God's People - Thursday September 17, 2009

(QQQQ)(DIA)(SPY)(DJIA)

Fireworks in gold and the dollar!




Thursday Wrap: Market Seesaw

Closing Reports (Market Currents)
More on: Bonds, Economy, Options, Today's Market


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Wednesday, September 16, 2009

Emini Futures Trading / Prosperity for God's People - Wednesday September 16, 2009

(QQQQ)(DIA)(SPY)(GLD)



Free Market Profile Webinar
Attend Ion Trades free live Webinar this Saturday, September 19th at 1:00 PM E.S.T. In this session you will learn how Market Profile's Opening Balance and Initial Balance provides the trader with valuable information and assists them in managing the rest of the Regular Trading Hours session. Learn to navigate the open, assess what the trading community is attempting to do with the market auction and be prepared to react accordingly. This information will be shown using the ES E-mini, however this methodology can be applied to any market/product.

See you there … The Drake


Who Else Has Been Buying Gold?

The question is are you the last one now to be buying gold? The list of successful hedge fund managers who have been buying gold has been growing. It is not just hedge funds…how about China?

What I find interesting is the fact that the hedge fund managers who successfully called the housing crisis are now buying gold. It is not just they are simply buying, they are buying in a big way. John Paulson who made a fortune in the subprime crisis is now betting heavily on gold. He has invested almost 50% of his fund in gold. He is not alone.

David Einhorn has been buying gold heavily as well. Besides hedge fund managers and China, virtually every trend-following commodity trading advisor has been buying gold since its recent break out. The difference with the commodity trading advisors is they are not looking at any fundamental reasons, they are buying simply because the price has been going up. The fundamentalists claim that regardless of inflation or deflation they believe gold will continue its upward thrust.

Inflation is clear with all the money being printed. The deflation stance is interesting as the fundamentalists feel that the US dollar will devalue and with this Gold will go up in value. Their thoughts are aligned to almost a debt deflation stance causing inflation. This is comparable to what happened to the Asian tigers in 1998.

Regardless if one is fundamental or a trend following commodity trader, gold has been moving upward in price. It might be worth considering having some gold coins in your pocket.

Related Articles

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Tuesday, September 15, 2009

Emini Futures Trading / Prosperity for God's People - Tuesday September 15, 2009

(QQQQ)(DIA)(SPY)(SFEG)(NEM)

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Santa Fe Gold Corporation (OTCBB: SFEG - News) today announced that it has entered into an agreement with Sandstorm Resources Ltd. (TSX-V: SSL - News) to sell a portion of the life-of-mine gold production from its Summit silver-gold mine, located in southwestern New Mexico. Santa Fe will receive a cash deposit of $4.0 million as well as ongoing payments for each ounce of gold delivered under the agreement.

A Floor Beneath the Gold Price
by Byron W. King
Pittsburgh, Pennsylvania


The UK Telegraph recently quoted at length Cheng Siwei, former vice chairman of the Standing Committee of the Chinese Communist Party. He explained how Beijing is dismayed by the "credit easing" coming out of the Federal Reserve.

"If they [the Fed] keep printing money to buy bonds," said Mr. Cheng, "it will lead to inflation, and after a year or two, the dollar will fall hard. Most of our [Chinese] foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen and other currencies." Mr. Cheng was referring to over $2 trillion of Chinese foreign reserves, the world's largest holding.

"Gold is definitely an alternative," said Mr. Cheng, "but when we buy, the price goes up. We have to do it carefully so as not to stimulate the market."

From Mr. Cheng's lips to God's ears - and now to ours. We have direct testimony from a high-level cadre that China, while cautious, is a key driving force in the gold market. China is buying.

We already knew that the Chinese are buying gold - and hoarding it. For example, China is the world's largest gold-mining nation. China mines more gold each year than the US or South Africa. Yet what are the net gold exports from China? Umm...zero. That is, China doesn't export gold (unless you buy a Panda coin or something.) Overall, in fact, China is a net importer of gold.

"The implication from Mr. Cheng is that the Chinese will not overbuy gold, which may be why the yellow metal has hovered just below the $1,000 mark per ounce in recent weeks."

Sure, the Chinese use gold in industry, such as for electronics, jewelry and the like. But much of the rest of Chinese gold purchases go into state coffers, or into "off-books" storage. I'll bet that there's a lot of gold in "industrial stockpiles" in China, which are really just strategic monetary reserves for China's Central Bank.

The implication from Mr. Cheng is that the Chinese will not overbuy gold, which may be why the yellow metal has hovered just below the $1,000 mark per ounce in recent weeks. At the same time, it's more than likely that China will buy gold whenever there's a price dip.

The significance is that the Chinese seem to be prepared to establish a floor under any correction in gold prices. This limits the downside for well-positioned gold miners such as we hold in the Energy & Scarcity Investor portfolio.

Is there an upper limit to gold prices? Well, I expect to see the gold price rise, but slowly and in a long series of plateaus. I also expect to see pullbacks, usually based on world monetary and political events.

So we'll surely have some roller-coaster rides with the prices for the mining shares. How it all unfolds for us as investors will depend on when, and to what degree, monetary-driven inflation begins to bite into the economy. When it becomes totally obvious, it'll probably be too late to protect and preserve your wealth and purchasing power.

The problem for us in the West is that most of the politicians and major media just DO NOT GET IT. Or at least, the ones that do "get it" generally don't report things honestly to the citizens. They're probably afraid of what might happen when the citizens really figure out how much the political classes have screwed up the world.

So you see these rosy-sounding headlines about how the economy is "improving" and things are "getting better." Huh? What planet are these guys on?

The tide of inflation is rolling in. It'll lift the boats of the gold miners.

Regards,

Byron W. King
for The Daily Reckoning


Is Santa Fe Now A Likely Future Takeover Candidate?

This is not a solicitation to buy Santa Fe Gold. It is a statement of the facts as we see them for your consideration. Whether you decide to invest in Santa Fe Gold may or may not make a difference to the stock, but it could make a big difference in your life, as it has already done for many others, if our belief becomes a reality: That Santa Fe will most likely ultimately be taken over at much higher prices than those of today and we have tried to outline the many compelling reasons as to why this may occur below, but you don't have to hear it from us.. The company already has an analyst buy rating of $3 per share: And that was before the two recent acquisitions, that have probably added at least another $2 per share to that target price, that is now gaining increasing coverage with rising gold prices.

And that's the point. Santa Fe is not only getting increasing coverage and recognition, it is delivering on all of its promises and all of its objectives thus far have not only been met, they have actually been exceeded and any time that happens with any company, it usually means that it represents a major buying opportunity that will likely have continuing surprises on the upside in the future. And the best part of it all might be in this instance you may not ever need to sell your stock as it just might be bought out from you in a takeover bid.





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Emini Futures Trading / Prosperity for God's People - Monday September 14, 2009

(QQQQ)(DIA)(SPY)(SPX)

Complete broadcast.

Sunday, September 13, 2009

Emini Futures Trading / Prosperity for God's People - Friday September 11, 2009

(QQQQ)(DIA)(SPY)(INDU)(DJIA)

13 Reasons For Gold's Major Breakout
















In simple English, THEY HAVE ABSOLUTELY NO IDEA WHY GOLD IS RISING. The faceless 'THEY' had no idea in 2002 and 'THEY' have no idea now. The main fallback factor 'THEY' turn to is a hedge against price inflation, the basic kindergarten concept. Wall Street is too busy building leveraged contraptions and forging collusions to bother with gold comprehension. Those who are aware in the Mainstream are dead silent as to why gold rises, since they realize their world is to vanish.

Obama pledges reform on Lehman anniversary

Proposals aim to stop repeat of global crisis

It is never too early to fear inflation?
By Clive Crook
Published: September 13 2009 19:52 | Last updated: September 13 2009 19:52


John Mauldin

No Good Choices for the Fed by John Mauldin

The fundamental decision we face in building investment portfolios is correctly deciding whether we are faced with inflation or deflation in our future. The problem is that there is not an easy answer. In fact, the answer is that it could be both... More »
Sep 13, 2009

Disappearing into the Sunset

Given how big a role the transportation industry plays in the global economy, many marketwatchers have been keying in on indicators that gauge activity in the sector to try and get a handle on which way the economic winds are blowing.

Among the most widely watched measures is the Baltic Dry Index, a daily barometer published by The Baltic Exchange that tracks shipping rates on a number of key international dry bulk routes.

As the following chart shows, after rebounding from its May-December 2008 crash lows, the BDI has given back more than 40 percent since it hit an interim peak in June. That suggests the recovery many equity traders and economists see on the horizon is actually disappearing into the sunset.

Bdi


Things Must be Worse Then We Thought at GM
Bob Brooks


The Secret Bull Market

by Sean Brodrick Sean Brodrick - The Secret Bull Market

Gold’s recent push above $1,000 an ounce is finally catching Wall Street’s attention. And yet many of the talking heads on TV still rush to say that gold is not a good long-term investment, that it’s ...[More ...]

China: Gold’s Best Friend and the Dollar’s Worst Enemy

by Tony Sagami Tony Sagami - China: Gold’s Best Friend and the Dollar’s Worst Enemy

The Chinese government is buying gold like mad but will it continue? ABSOLUTELY and I'll show you this week what the Chinese government is doing behind the scenes, a safe harbor currency fund that ...[More ...]


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Thursday, September 10, 2009

September 11, 2001 - We Will Never Forget!

September 11 2001 - WTC, World Trade Center and New York Tributes and Memorials web site.September 11th 2001 - WTC, World Trade Center and New York Tributes and 9/11 Memorial web site.

"All that is necessary for the triumph of evil,
is that good men do nothing" ...

John Fitzgerald Kennedy - “Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of liberty.”

Freedom... IS NOT FREE...

Not just for us in the United States, but for any nation or people hoping for freedom & human rights with a fruitful and respectful quality of life.

The Price of Freedom, your Families Safety and Future ...

is through STRENGTH and ETERNAL VIGILANCE...

Do not kid yourself - Tyrants and twisted ideologies have been trying (and occasionally succeeding) to conquer, subjugate and destroy their fellow human beings for thousands of years through human history...

The freedom's that free people enjoy today, have come at the price of those willing to fight to win...

Defeating twisted ideologies and tyrants who wish to subjugate all free people is nothing new in human history - it just so happens that we have been forced to do so, once again...




"We will not tire, we will not falter, and we will not fail."

George W. Bush


Emini Futures Trading / Prosperity for God's People - Thursday September 10, 2009

(QQQQ)(SPY)(SFEG)(NEM)(GLD)

Complete broadcast.

New Santa Fe Gold Report

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Friday, September 04, 2009

Market Profile / Free Webinar Saturday Sept 5th, 2009

(QQQQ)(DIA)(SPY)(INDU)(DJIA)

On today's program we chat with the founder of Ion Trades "The Drake", and discuss how he uses Market Profile to successfully trade the S&P Emini futures. Simply click the headline above to listen to the broadcast.

FREE MARKET PROFILE WEBINAR
Saturday, September 5th @ 1:00PM EST
Opening and initial balance, what does it mean?


Registration is absolutely Free (Click Here)
or visit IonTrades.com

Savant

Emini Futures Trading / Prosperity for God's People - Friday September 4, 2009

(QQQQ)(DIA)(SPY)(.SPX)

Complete broadcast.



Unemployment Was NOT a Green Shoot

But quickly, let's look at today's unemployment numbers. This was not the way one would want to celebrate Labor Day. Unemployment rose to 9.7%. Some take comfort in that unemployment in the Establishment Survey (where they call existing business and poll them) was only down by 216,000, which admittedly is better than 600,000 but is still a very bad number. Rising unemployment is not the stuff that inflation is typically made of. And there are reasons to think the picture may be worse than that. Here are a few thoughts from David Rosenberg:

"What was really key were the details of the Household Survey, which provide a rather alarming picture of what is happening in the labor market.

"First, employment in this survey showed a plunge of 392,000, but that number was flattered by a surge in self-employment (whether these newly minted consultants were making any money is another story) as wage & salary workers (the ones that work at companies, big and small) plunged 637,000 — the largest decline since March (when the stock market was testing its lows for the cycle). As an aside, the Bureau of Labor Statistics also publishes a number from the Household survey that is comparable to the nonfarm survey (dubbed the population and payroll-adjusted Household number), and on this basis, employment sank — brace yourself — by over 1 million, which is unprecedented. We shall see if the nattering nabobs of positivity discuss that particularly statistic in their post-payroll assessments; we are not exactly holding our breath."

The ISM numbers came out this week and, while manufacturing is up, the service industry (which is far larger) is still contracting, and the employment elements in the surveys show employers are still planning to cut jobs. Think about almost 11% unemployment next summer in the middle of the political season. Watch the competition among politicians to demonstrate they care and "get it." And watch as they spend your money to show how much they care.

And from the above mentioned Liscio Report: "As we outlined back in May, financial crises hammer employment, resulting in average losses of 6.3% followed by a long flat line. We hate to point it out, but we're currently down 4.8% from the December 2007 onset, and if US job losses in this recession stay in line with the major financial recessions in "advanced" countries studied by the IMF, we stand to lose another 1.8 million jobs. Some of those will likely be taken out in upcoming benchmarks, stimulus money has some clout, and no one has a reliable crystal ball, but we need to remember where we are in a painful cycle if we see some hopeful flickers."

That would take us to well over 11% unemployment.

Interesting statistic. Want to know where wages are rising? Think federal government workers. The gap between civilian and government workers was less than $13,000 nine years ago, but now is almost $30,000. Inflation has been 24%, but government wages are up 55%. According to a recent release from Rasmussen Reports, a government job remains "the top employment choice in today's economic environment." (chart from Clusterstock)

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States, counties, and cities are having to make deep cuts, in both jobs and programs. Today's Wall Street Journal talks about the cuts in state after state. States cannot print money like the US can, so at some point they have to either raise taxes or cut spending to balance their budgets. Raising taxes just makes it less profitable for businesses to remain in your state. There is a very high correlation with high state taxes and unemployment.

The following chart shows how rapidly income taxes are falling. Sales tax receipts are down. At some point voters are going to demand that their federal government show some of the same restraint that households, cities, and counties are being forced into. My bet is that next year raises for government workers, even those in unions, will come under attack. They won't be cut, but watch as political backlash builds.

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Without federal stimulus, the GDP of the US would have been over minus 6% in the second quarter, not the minus 1% it was. The third quarter would be flat to down and not the plus 3% it is likely to be. Housing and autos will turn down as the stimulus on those markets goes away.

I think it is very possible we will see a negative GDP by the first quarter of next year. Unemployment will still be rising. Deflation will be more of a problem, because the housing component (the largest portion of the consumer-inflation index), based roughly on rentals, is clearly under pressure. While we don't have enough space this week to go into detail, savings are up and consumer spending is down. Without the stimulus, things would be much worse.

Here's the kicker. Expect to see a big push for another large stimulus package next spring (and maybe sooner), as the effects of the current one wear off. The government wants to bring back demand by getting consumers to spend again. And you can count on unemployment benefits being extended. A tax holiday on Social Security taxes below a certain income? In the short run they can do it, but at a long-run cost.

It is going to be hard for a Democratic administration to not push for another large stimulus. That is what Krugman and his fellow travelers will be pushing. Classic Keynesian thinking wants both for the government to run large deficits and for the central bank to print more money. Remember, last year I said that the Fed would print a lot more money than they are talking about in the current plans. They are going to have the cover to do so, because deflation is going to be seen as the problem.

Next week, we will look at money supply and the velocity of money, savings, consumer demand, and more as we further explore the complex molecule that is deflation.

But one last thought, as I have had a lot of questions on gold recently. "Isn't gold telling us that inflation is coming back?" The answer is no. Since the early '80s the correlation between gold and inflation has dropped to zero. Gold has had very little to say in the last 30 years about inflation.

But what it may be saying is that paper currencies are a problem. Gold is going up not only in dollar terms, but in euros, pounds, yen, and more. My view is that gold should be seen as a neutral currency. The dollar is the worst currency in the world, except for all the others. Is it possible the Fed will not respond and print more money next year? Sure. And the dollar could rise as deflation kicks in. The only time we saw the purchasing power of the dollar rise in a sustained manner was during deflation, in the last century.

The race is not always to the swiftest or the fight to the strongest, but that's the way to bet. And right now, my bet is the Fed will print money to fight a double-dip recession and deflation. And gold would be one way to play that bet.

John Mauldin, Best-Selling author and recognized financial expert, is also editor of the free Thoughts From the Frontline that goes to over 1 million readers each week. For more information on John or his FREE weekly economic letter go to: http://www.frontlinethoughts.com/learnmore

Government redistribution of wealth... Is it right?
Should the government take from the rich to give to the poor? Biblically it is very clear that we should be redistributing our wealth to help the less fortunate. But what role should the government be playing in this with our tax dollars?

Seek first the Kingdom of God, then....
There really are benefits for seeking first the Kingdom of God… "But seek first His kingdom and His righteousness, and all these things will be added to you."

The Message Audio Bible MP3 Giveaway and other news
A couple years ago I received The Message Bible as a gift from a friend. At first I was a little taken back at how "modern" of a translation it was. But as I read it more for the overall understanding of particular passages, rather than for exact translations of [...]

5 Bible Verses Every Christian Should Know

Let me start by saying that it was difficult to create this list. Think about it, I am trying to pick the best verses from the Bible about a particular topic. Are there really best verses, or are there just those that have impacted us more than others? I tend to think the latter.

So, this list is just that. These are the 5 verses that, even as I just scratch the surface of understanding them, have revolutionized my financial life. Each one of them has had a strong impact on many decisions in my life. I hope you allow them to impact you as well.

1. Philippians 4:19

And my God will meet all your needs according to his glorious riches in Christ Jesus.

If you have lived much life at all, you are probably well aware that putting your trust in the economy, your employer, or your bank account is not a good idea. They are all fair-weather friends. They all can be helping you greatly one minute, and then the next everything has changed.

God, however is always faithful. That is why we should always be trusting Him as our supply! It doesn't matter if there is a financial crisis, if you get laid off, or your 401k loses 37% - God will still supply your needs. Just like He promised.

2. Malachi 3:10

Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this," says the LORD Almighty, "and see if I will not throw open the floodgates of heaven and pour out so much blessing that you will not have room enough for it."

It is a bold step of faith to start tithing. Cynics sometimes argue that tithing is not required in the New Testament. I actually agree, since our salvation is no longer based on works, but on faith in Jesus. But there is no escaping the truth that tithing opens the door for blessing that can not be opened without doing it. From my own personal tithing experience, I can attest that I am so overwhelmingly convinced beyond any shadow of a doubt that tithing increases blessing, that I will never live any other way.

3. 1 Timothy 6:10

For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.

This verse is so often misquoted that it is almost laughable. Money is not evil. The love of it is. Having a million in your bank account doesn't mean that you love it. Having $5 in your account doesn't prove that you don't.

For example, Warren Buffett has billions in his accounts, but he is giving almost all of it away to benefit the lives of others. On the other hand I have heard stories of people getting killed over a matter of $20. It is a matter of the heart that only God can judge.

4. Acts 20:35

In everything I did, I showed you that by this kind of hard work we must help the weak, remembering the words the Lord Jesus himself said: 'It is more blessed to give than to receive.'

Giving sets us free, while hoarding entraps us (James 5:2). Giving changes the lives of others (John 3:16). Giving brings blessing back to us (Luke 6:38). Giving allows us to store up treasures in Heaven rather than here on the earth (Matthew 19:21). Giving really is fun - we need to be in on it.

5. Proverbs 22:7

The rich rule over the poor, and the borrower is servant to the lender.

The freedom of being debt free has always been so incredibly enticing to me that I have been willing to give up a whole lot in exchange for it. The last 3+ years my wife and I have been diligently chopping away at it, passing up opportunities to spend as frivolously as some of our peers have done. Getting out of debt is not easy and often requires a fight, but the freedom that comes with it is so worth it.

All verses from the NIV

Faith Based Investors!




Thursday, September 03, 2009

$1,000 Gold Anyone?

(QQQQ)(SPY)(DIA)(INDU)

Gold edges nearer $1,000

Gold prices hit a six-month high yesterday, approaching the $1,000 a troy ounce mark for the fifth time...highest since late February."The price charts had been flagging buying signals," said Jonathan Spall, a gold specialist at Barclays Capital in London. "Gold has a positive technical picture."Gold has attracted investors since the collapse of Lehman Brothers...

Tuesday, September 01, 2009

Prosperity for God's People / Emini Futures Trading - Tuesday September 1, 2009

(QQQQ)(DIA)(INDU)(SPY)(.SPX)

Complete broadcast.

Life isn't about waiting for the storm to pass...
IT'S ABOUT LEARNING TO DANCE IN THE RAIN!













By failing to prepare, you are preparing to fail...Benjamin Franklin

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Ladies and Gentlemen -welcome to Flying Blind Airlines. We hope you enjoy your trip today from Phoenix to Vancouver. We wish to remind you that the pilot has very few navigational aids, no instrument panel, no co-pilot, and no flight plan and will be flying by the seat of his pants. Alcohol (lots of alcohol) will be served.

As ludicrous as this may appear, it was actually true in the early days of aviation when the pilot flew using his intuition (dead reckoning) and any other skills he managed to muster in the course of his training.

The same thing happens with traders. They have no trading plan and enter the markets with their gut feel, intuition, hot tips or because this or that trade or investment might work. This is recipe for disaster and yet many traders do it over and over again. For an endless variety of reasons, they have failed to make a trading plan. Compounding this is the fact that even those who take the time to make a trading plan are unwilling or unable stay with it and execute it with consistent discipline. It is incongruous to imagine a general going into battle without a plan, a coach going into a professional sports event without a plan, a pilot beginning a flight without a plan, a professional gambler sitting down at the table without a plan, or any elite athlete entering a competitive event without a plan. Unfortunately, traders do this on a disturbingly- consistent basis. If you want to fly by the seat of your pants, then you might be advised to get out of the markets and consider a career in the Cirque du Soleil where people might pay to see your death-defying antics. Whenever you put monies into the markets you are at risk for ruin.


Trading is a journey and a competitive activity. Why would you not plan your trades? Are you relying on someone else to plan them for you? Are you thinking there is something magical about the markets and all you have to do is click the mouse or call your broker and money flows into your account? If any of these are true, you are setting yourself up for failure.

Make a plan. This plan is what resonates with your brain structure, trading personality and money attitudes. Make it as simple as possible and then trade it consistently, day after day. If the plan is not working, change it until you get one that works for you. If it is working and generating profits for you, keep it. Don't try to fatten it up, give it more bells and whistles or get greedy with it. If it's broken, fix it and if it isn't then leave it alone. Keep it simple and keep going with it.

Look at your plan every night after the market close. Write down how it worked for you that day and then contemplate and write down how you will use it the next day. In your nightly preparations and your preparations before the market opens, review your plan, Ensure that you are ready to execute, that you know what you are going to do, when you are going to do it, and then just do it -then execute ruthlessly. This is one way to empower yourself and grow in confidence as a trader. Winning in the markets, sports, business and life is about superior positioning, planning, reviewing, reworking, and executing over and over again until you get it right in a way that is seamlessly competent.

Be Prepared... the meaning of the motto is that a scout must prepare himself by previous thinking out and practicing how to act on any accident or emergency so that he is never taken by surprise...Robert Baden-Powell ( founder of the World Scout Movement)

Janice Dorn, M.D.,Ph.D.
www.thetradingdoctor.com

The Economy Begins to Recover

But not because of the President’s stimulus program.