It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Saturday 31 January 2015

GS had an ugly monthly candle

A complete zigzag ?  Nice range symmetry


"Those insouciant Americans who do not fear the police state because they “have nothing to hide” desperately need to read: Home-schooled Children Seized By Authorities Still In State Custody.
In Police State America, authorities can enter your home on the basis of an anonymous “tip” that you are, or might be, somehow, abusing your children, or exposing them to medicines that are not in containers with child-proof caps or to household bleach that is not under lock and key, and seize your children into state custody on the grounds that you present a danger to your children.
The government does not have to tell you who your accuser is. It can be your worst enemy or a disgruntled employee, but the tipster is protected. However, you and your family are not."

Roger Waters (Pink Floyd) addresses the UN on Palestine


Gap down on Monday ? either way important support (white line) looks vulnerable

(there is a 120 deg cycle on 15th too)

bearish TT on weekly looks ominous and the last run up was 7 weeks

125 dma busted on the close

Friday 30 January 2015


Thursday 29 January 2015

Shovelling snow ? Where's your licence ?



The 25 week (ie 125 dma) looks like it will break again

Wednesday 28 January 2015

Crispin Odey


Sunday 25 January 2015



looks like a major breakoit


fast move off 3rd LH....regained 200 dma


the Vampire Squid

Friday 23 January 2015


 – as of October – Obama had thrown whistleblowers in jail for 22 times longer than all other presidents.
Today, whistleblower Barrett Brown was sentenced to 63 months in prison.
So now we’re up to 589 months for whistleblowers. That’s 25 times more time meted out against whistleblowers by Obama than all other presidents combined.

But even that stunning figure understates the savagery of the Obama administration’s war on whistleblowers …
After all, Jeremy Hammond – regarded by many as a whistleblower – was sentenced by Obama to 10 years in prison.
The trial of CIA whistleblower Jeffrey Sterling is proceeding right now … and the prosecution is seeking a lengthy prison sentence.
If Edward Snowden or Julian Assange are ever caught, the government will seek very lengthy sentences.....

TSCO back on sell ?

a shooting star appears to be forming,50% up from the low

The Dax is within spitting distance of 10800,which is 7200 points from 3600 (the bear market low was 3590)
10750 is2400 points from 8350,the October low

Thursday 22 January 2015


bullish power candle in response to ECB move

Wednesday 21 January 2015


"The problem is that the ECB has shown, again and again, that it is
temperamentally and institutionally timid. These more radical proposals
would divide its policy-making board and court political controversy, to
put it mildly. They may also be illegal: The single-currency treaty
forbids "monetary financing" of governments, and last week's guidance
from the EU Court of Justice's advocate general was that sovereign debt
purchases were sometimes permissible
but subject to conditions. The guidance seemed to rule out coordinated
monetary and fiscal expansion (through primary-market bond purchases);
it voiced reservations about the bank's retaining bonds to maturity
(imposing a limit on the duration of QE).
Legal or not, helicopter money would be a frontal repudiation of the
monetary conservatism that Germany's government and others have sought
to impose on the bank. The same goes for anything that looked like
raising the ECB's inflation target."

Monday 19 January 2015

Brian Ruhe ,a  Canadian Theravada Buddhist teacher talks about Rothschild Zionism.........I think this is a good thing ....too often (in my view) "spiritual people" avoid such controversial and "dark" subject matter

Martin Armstrong (blog link at bottom of blog)


"The next crisis will be the currency pegs against the dollar. Here we have pegs from Hong Kong to the Middle East. We will have the same problem for as the dollar is driven higher, thanks to the implosion in the Euroland, these nations will import DEFLATION from a rising dollar. This will break their backs and force pegs to collapse around the world. Keep in mind that this will unfold probably after 2015.75 and help to spiral the world economy into the worst depression in centuries. Start preparing for a rainy day.
The rise in the dollar, will be the key to breaking the post-war economy. It was the flight of capital from Euroland into the Swiss that broke that peg. We will see in the months ahead the same crisis unfold in the Middle East and in Asia. This will be accelerated by the emerging economies who have issued $6 trillion in dollar debt since 2007. As the dollar rises, they will be forced into the same position as Greece – unable to pay their debts because the debt keeps rising in cost."

(thanks to Benz rabbit for link)
Bill Bonner

"We should remind you that just because stocks were the place to be for the last 100 years doesn’t mean they will be a good place to be for the next 100….or even the next 10. You see, in the investment world, there is always ‘more to the story.’ Most of the stock market gains of the last 100 years have come in the years since 1982. And the backstory of those years is the tale of a credit expansion gone wild.

Of all the things twisted and perverted by the great credit expansion, investors’ perceptions are at the top of the list. The money poured in; almost all assets rose in price. And investors – watching this over 3 decades – came to the conclusion that this is just the way it works.

It’s not. The problem with credit expansions is that they are always followed by credit contractions. And the bubbly stock prices you see at the end of the expansion phase turn into the flattened out prices seen in a depression."

from The Daily Reckoning

Sunday 18 January 2015

Sqwii turns bear (bullish gold) - weekend update


(He is showing the "broadening top pattern for Dax.......I would prefer to wait for a reversal on the Dax rather than jump the gun.)

breakout or backtest ?


Saturday 17 January 2015

weekly candle on the Dax was bullish and broke through 10000.The market is awaiting details of Draghi's expected QE programme (this chart was drawn before the close on Friday)

or maybe its a broadening pattern ? (arrows mark 180 degree turns)

Friday 16 January 2015




the call on BP looking good....

needs a strong day tomorrow to redeem this ugly candle.See how there was no followthrough after the bullish twin towers pattern,then a bearish engulfing pattern (or close enough)...

QQQ looks ugly with bearish engulf (daily) and Gann 3rd attempt at 100
(below is 4 hr)

Thursday 15 January 2015



My guess is this line will hold....0.7500 murrey math is key ?

IBB (Biotech)

IBB.....may just keep going but some price and time resistance here and could be 3 drives pattern

5 waves up ? or this is 5 of 3 ?

MACD divergence flashing warning on weekly chart

Wednesday 14 January 2015


"Without question, the most-censored news story of 2014, as determined by this test — a test that I have been constantly carrying out ever since the May 2nd massacre that the new Ukrainian Government perpetrated in Odessa — is precisely the Ukrainian news story: it’s the winner of my contest. This ongoing news story started with the February 22nd coup, then included the May 2nd massacre which led to Donbass’s secession from Ukraine, and it finally is continuing with this ethnic cleansing of Donbass. The purpose of the May 2nd massacre was, in fact, to terrify the pro-Russians in Ukraine’s southeast — especially in Donbass, the most pro-Russian area — so as to precipitate the secession of Donbass, so that there would then be an excuse for the Ukrainian Government to bomb it and so to get rid of the residents there, whose overwhelming votes had clearly made Yanukovych Ukraine’s President. The Obama regime doesn’t want the people there; it wants only the land on which they live. It needs this in order to be able to place nuclear missiles there, aimed against next-door Russia. The Obama Administration’s game-plan is to keep the land, and to kill the people who are living on it."
JPM update.....evening star reversal confirmed (see Sunday's post)


As you will see below, your definition of an “extremist” may be far, far different from the definition that Barack Obama is using.  When you do a Google search, you will find that an “extremist” is defined as “a person who holds extreme or fanatical political or religious views, especially one who resorts to or advocates extreme action.”  According to Wikipedia, “extremism” is “an ideology (particularly in politics or religion), considered to be far outside the mainstream attitudes of a society or to violate common moral standards.  Extremism can take many forms, including political, religious and economic.”  Please notice that neither of those definitions uses the word violence.  In this day and age, you can be considered an “extremist” simply based on what you believe, and as you will see later in this article there are now tens of millions of Americans that are considered to be “extremists” and “potential terrorists” according to official U.S. government documents.

and (from Ron Paul)
If Americans were honest with themselves they would acknowledge that the Republic is no more. We now live in a police state. If we do not recognize and resist this development, freedom and prosperity for all Americans will continue to deteriorate. All liberties in America today are under siege.

It didn’t happen overnight. It took many years of neglect for our liberties to be given away so casually for a promise of security from the politicians. The tragic part is that the more security was promised — physical and economic — the less liberty was protected.

With cradle-to-grave welfare protecting all citizens from any mistakes and a perpetual global war on terrorism, which a majority of Americans were convinced was absolutely necessary for our survival, our security and prosperity has been sacrificed.

It was all based on lies and ignorance. Many came to believe that their best interests were served by giving up a little freedom now and then to gain a better life.

The trap was set. At the beginning of a cycle that systematically undermines liberty with delusions of easy prosperity, the change may actually seem to be beneficial to a few. But to me that’s like excusing embezzlement as a road to leisure and wealth — eventually payment and punishment always come due. One cannot escape the fact that a society’s wealth cannot be sustained or increased without work and productive effort. Yes, some criminal elements can benefit for a while, but reality always sets in.

Reality is now setting in for America and for that matter for most of the world. The piper will get his due even if “the children” have to suffer. The deception of promising “success” has lasted for quite a while. It was accomplished by ever-increasing taxes, deficits, borrowing, and printing press money. In the meantime the policing powers of the federal government were systematically and significantly expanded. No one cared much, as there seemed to be enough “gravy” for the rich, the poor, the politicians, and the bureaucrats.


6% yield -  and chart support. The prudent will wait for a reversal :-)

Tuesday 13 January 2015


symbolism in the 2015 cover of The Economist

cocoa looks ready to resume downtrend

coffee still topping ?

looks ugly