The main subject: The Federal Reserve and it’s printing of money.
It is a great video to watch: (Via the Daily Paul)
Category: Republican
Guest Voice: Jack Hunter on The Conservative Case for WikiLeaks
(Via The American Conservative)
Transcript:
Lovers necessarily keep or share secrets. Being in a healthy relationship means achieving a certain level of intimacy, where shared knowledge of each others’ weaknesses and insecurities is protected by a bond of mutual trust. Sometimes lovers might do devilish things that outsiders wouldn’t understand, or shouldn’t be privy to, and this is fine. But by and large, what they do is simply no one else’s business.
But imagine that the man in the relationship kept it a secret that he had other women on the side, kids, a criminal record, venereal disease, and basically betrayed his lover in every way imaginable, unbeknownst to her?
Now imagine a third party felt it was their moral duty to reveal it?
No one questions that governments must maintain a certain level of secrecy, including WikiLeaks founder Julian Assange, who told Time that “Secrecy is important for many things … [but it] shouldn’t be used to cover up abuses.” The entire premise of Assange’s whistleblower organization is this: To what degree is government secrecy justified? And when particular secrets could be damaging to the other partner in the United States government’s relationship — the American people — should these secrets be revealed in the name of protecting the public?
How often does our government use “national security” simply as an excuse to cover up questionable dealings? Reports Time: “in the past few years, governments have designated so much information secret that you wonder whether they intend the time of day to be classified. The number of new secrets designated as such by the U.S. government has risen 75% … . At the same time, the number of documents and other communications created using those secrets has skyrocketed nearly 10 times…”
To say that government must keep secrets is not to say that all government secrets must be kept.
As admitted even by Pentagon officials and Defense Secretary Robert Gates, none of WikiLeaks’ revelations do anything to compromise national security or endanger American lives — but they have wreaked havoc on political life in Washington, D.C. Americans are not supposed to know, for example, that their government bullied and threatened individuals and other governments that might have undermined the Copenhagen climate change summit in 2009. The federal government attempting to squelch anyone who might undermine global-warming dogma? Do WikiLeaks’ conservative critics believe revealing this is a “national security” risk?
Americans are not supposed to know, apparently, that behind the scenes Saudi Arabia has been encouraging the U.S. to take military action against Iran. But if we end up going to war with Iran shouldn’t it be in America’s national interest, and not simply as a subcontractor for another country? Asks Fox News’ Judith Miller: “Why should Americans not know that Arab states, often at the top level, have been urging Washington to take military or other drastic action against Iran, while they publicly oppose such action?”
And when did conservatives become so protective of Hillary Clinton? What happened to the days of the “Stop Hillary Express,” when right-wing talk radio portrayed the former first lady as Satan and theorized about all the devious ways in which, if in power, she might conspire to bring down the country? When WikiLeaks revealed that Secretary of State Clinton tried to obtain DNA, fingerprints, credit-card numbers, and other private information belonging to United Nations officials, we learned that Clinton’s style was every bit as mafia-esque as her conservative critics once warned. Yet conservatives now attack WikiLeaks for revealing what they once feared. It should also be remembered that the same conservatives now calling for Assange’s head either ignored or were sympathetic to Lewis “Scooter” Libby’s outing of CIA operative Valerie Plame allegedly at the Bush administration’s behest — a revelation arguably far riskier to our national security than anything ever released by WikiLeaks.
But the worst hypocrisy throughout this controversy has been in conservatives reflexively defending the government and attacking WikiLeaks. Since when have conservatives believed that Washington should be able to shroud any action it likes in secrecy and that revealing government’s nefarious deeds is tantamount to treason? Isn’t it government officials who might secretly work for corporate, ideological or transnational interests — and against the national interest — who are betraying their country?
Interestingly, Wikileaks’ founder espouses the traditionally conservative, Jeffersonian view that America’s constitutional structure limits and lessens government corruption. Reported Time: “Assange appears to believe that the U.S. has not become ‘a much-worse-behaved superpower’ because its federalism, ‘this strength of the states,’ has been a drag on the combination of the burgeoning power of the central government and a presidency that can expand its influence only by way of foreign affairs.”
Decentralizing government power, limiting it, and challenging it was the Founders’ intent and these have always been core conservative principles. Conservatives should prefer an explosion of whistleblower groups like WikiLeaks to a federal government powerful enough to take them down. Government officials who now attack WikLleaks don’t fear national endangerment, they fear personal embarrassment. And while scores of conservatives have long promised to undermine or challenge the current monstrosity in Washington, D.C., it is now an organization not recognizably conservative that best undermines the political establishment and challenges its very foundations.
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The “Southern Avenger” Jack Hunter is a conservative commentator on WTMA 1250 AM talk radio and columnist for the Charleston City Paper in South Carolina.
Smartest damn thing Keith Olbermann has ever said on twitter
I am, of course, referring to this:
He is speaking to this guy who stabbed me in the back and thinks nothing of shamelessly pimping out his Wife and Kids for Money on his Blog.
Wow: House Democrats say, “Thanks, But No thanks” to Tax and Unemployment Bill
Shocking, but not entirely surprising really.
(CNN) – Defying President Obama, House Democrats voted Thursday not to bring up the tax package that he negotiated with Republicans in its current form.
“This message today is very simple: That in the form that it was negotiated, it is not acceptable to the House Democratic caucus. It’s as simple as that,” said Democratic Congressman Chris Van Hollen.
“We will continue to try and work with the White House and our Republican colleagues to try and make sure we do something right for the economy and right for jobs, and a balanced package as we go forward,” he said.
The vote comes a day after Vice President Biden made clear to House Democrats behind closed doors that the deal would unravel if any changes were made.
“Wow did the [White House] mishandle this,” a senior House Democratic Source told CNN. “Breathtaking. Members have major substantive concerns and they should have gently guided people to the finish line.”
Rep. Peter DeFazio of Oregon said: “They said take it or leave it. We left it.”
via House Democrats defy Obama on tax cut bill – CNN Political Ticker – CNN.com Blogs.
Naturally, it is the Democrats of the far left stripe who want to play politics with a bill that will actually help the middle class:
Pelosi spokesman Brendan Daly said that “this means we will not bring this [agreement] to the floor as is. It has to be changed.”
Daly would not outline what revisions House Democrats specifically are seeking, but he did say that Pelosi would stand by today’s caucus resolution…
Asked whether Pelosi would bring up the package over the objections of her Democratic colleagues, Miller suggested that wouldn’t happen without further consultions with rank-and-file lawmakers.
Also, it gets even crazier:
Senior Dem adviser to WH tells me strategy now: Sen Dems use another bill already passed by House, add new tax deal, send back to House
Dem adviser says then WH would try to “jam the House” and have Pelosi vote on updated bill — but will Pelosi be jammed?
Barney Frank says, “Not so fast…”
“I still think it’s going to go through—why do you think it isn’t?” Frank said in a Thursday interview outside the caucus meeting. “I always knew a majority of Democrats would be against it. I still think they have the votes for it, yeah.” He added that House Democrats simply lacked the ability to have a major impact on the legislation: “I think the notion that the caucus controls legislation is not a good one.”
Frank emphasized that he still opposed the tax-cut bargain but nevertheless thought a vote should be held on the tax package as it currently stands. Speaker Nancy Pelosi will have to decide herself whether to bring the legislation to a vote on the House floor—a decision that many House Dems at the caucus meeting suggested was up in the air. But Frank was convinced that Pelosi would bring the president’s tax deal forward: “I think she will have to, yeah.”
So, at this point, I do not know what is going to happen, nor do I believe the Democrats know either. One thing I will say is this; if the Democrats decide to play partisan politics with this bill and let it and DREAM act bill die — over stupid stuff like ideological purity, the American people, especially the middle class —- like my parents, are going to be very highly ticked at Congress and basically the Democrats will be sealing their own fates come 2012.
Americans, not matter what their political leanings, understand one thing very well. Paying taxes, means losing their own money to the Government. Which in turn means less money of their own to spend, and that makes for a very unhappy constituency. Doing this sort of a bill, over something as idiotic as political ideology or purity is a suicide pact.
Honestly, I am ashamed of the Democrats at his point. They are doing the same damned thing that the Republicans did with George W. Bush back in 2006. They are following him to the edge of the cliff and jumping off with him, without regard for the Country or the well being of the American people. Not to mention for the well-being of their Party. At this point it is all about egos and ambition. It is insanity and will cost the Democrats for a very long time to come. The President of the United States gave them the best damned compromise that he could get and they are acting like spoiled brats. I am not trying to defending anyone or anybody, least of all the President. However, when I see that polls show that people actually like this Bill, right and left, I just have to wonder, who are these idiots on the hill looking out for?
I think we all know the answer to that one. 🙄
Gold & Stock Trading Advice: Is The Herd Trading Gold & SP500?
Over the past 2 weeks we have seen the market sentiment change three times from extreme bullish to bearish and back to bullish as of today. Normally we don’t see the herd (average Joe) switch trading directions this quickly. Over the past 10 years I found that the average time for the herd to reach an extreme bullish or bearish bias takes between 4-6 weeks in length. It is this herd mentality which makes for some excellent trend trading opportunities. But with the quantitative easing, thinner traded market, and lack of trading participants (smaller herd) I find everyone is ready to change directions at the drop of a hat.
The old school traders/investors who don’t use real-time data or charts, and who dabbled in stock picks, and options trades here and there have mostly exited the trading arena from frustration or losing to much money. This group accounted for a decent chuck of liquidity in the market and was also the slowest of the herd to change directions.
The new school, today’s smaller herd is much more aggressive and quicker to act on market gyrations. I think this is because the only people left in the market are those who make a living pulling money from the market and those who feel they are really close to mastering the stock market. It is these individuals who are using trading platforms with real-time data, charts and scanners to help get a pulse on the market so they can change directions when the big boys do. I feel this is the reason why the market is able to turn on a dime one week to another over the past 8 months… The easy prey (novice and delayed data traders) are few and far between and the fight to take money for other educated traders seems to be getting a little more interesting to say the least.
Anyways, enough about the herd already…
It’s been an interesting week thus far with stocks and commodities. The week started with a large gap up only for strong selling volume to step in and reverse direction the following day. It is this negative price action that starts to put fear into the market triggering a downward thrust in the market. During an up trend which we are in now, I look for these bearish chart patterns to form as they tend to trigger more selling the following days which cleanses the market of weak positions. Once a certain level of traders have been shaken out of their positions and are entering positions in order to take advantage of a falling market, that’s when we get the next rally, catching the majority of traders off guard as they panic to buy back their short positions. It’s this short covering which sparks a strong multi day rally and kicks off the new leg up in the market.
Currently we getting some mixed signals. The market sentiment is the most bullish it has been since 2007, just a little higher than the Jan & March highs this year. This makes me step back and think twice about taking any sizable long positions. Any day now the market could roll over. Another bearish signal is the fact that we just had a very strong reversal day for stocks and metals to the down side. That typically leads to more selling.
But if we look at the positive side of things, the trend is still up, this is typically a strong time for stocks as we go into Christmas/Holiday season, also the market breadth is really strong with the number of stocks hitting new highs has really taking off.
SP500 – Daily Chart
Below you can see the reversal candles along with short term and intermediate support levels. Although the market sentiment is screaming a correction is near, we must realize that sentiment can remain at this level for an extended period of time while the market continues to trend. This is one of the reasons why we say “The Trend Is Our Friend”.
I am hoping for a pullback and would like to see market sentiment shift enough on an intraday basis to give us a low risk entry point.
Gold – Daily Chart
A reversal candle is seen as a sell signal or a profit taking pattern. Short term aggressive trades use these to lock in quick price movements. With so many traders watching gold, it caused a flood of sell orders to push gold down today.
Mid-Week Conclusion:
In short, each time we see some decent selling in the market its get bought back up. Today was another perfect example as we had an early morning sell off, then a light volume rally for the second half of the session and a end of day short squeeze during the last 30 minutes. Gold has pulled back to the first short term support level. Because of the large following in gold I would like to see if there will be another day of follow through selling before possibly looking to take a trade.
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For more stock and gold trading advice, please, check out The Oil and Gold Guy’s website!
Is Ron Paul losing his marbles?
Dan does have a point here….:
In the space of 24 hours, Rep. Ron Paul (R., Texas) has voted for tax hikes, against censure for Charlie Rangel, and defended Julian Assange.
via Ron Paul’s Diem Mirabilis – By Daniel Foster – The Corner – National Review Online.
Plus, there is this here.
I mean, I know he is old and all. But, why the inconsistency?
Just wondering. I like him and all. I do not agree with everything he believes in, but I do admire him on fiscal issues.
Any ideas?
My thoughts on the Obama Presser
I am, of course, referring to this:
Now to listen to the Democrats talk, now is a time of doom and gloom for them.
However, I have to make a startling confession; I was actually impressed with part of this presser. No, I am not talking about the part where he called the GOP hostage takers and so forth. :roll:I expected that stuff, heck, he is a Liberal Democrat. What else was he supposed to say?!?
I am referring to the part where President Obama basically told the Democratic Party and the Democratic Party folk in Congress, “Hey guys? If you had done your jobs before the primary election, we could not be in this position; so, put a sock in it and be glad that we got what we got from the other side!” That impressed me greatly. Any leader who is willing to stand up to his own party and tell them to “get bent” has my respect.
I tend to believe that this will be the end of the “nice” Barack Obama and might just be the beginning of the savvy stern leader President Barack Obama. One of the biggest complaints about him, is that he was too soft. The President might just be trying to reverse that image. It can’t hurt. I mean, maybe if he actually showed some leadership. It might just help his poll numbers.
I do not expect much praise from the Neo-Con side of the fence, as they’ve made a cottage industry out of being his biggest critics. However, I do offer it, as I am not nearly as into the smear machine as some.
The Feckless Far Right: Exhibit SWOG: Stupid White Old Guys
An alternative headline would be “What I hate about White Christian Conservatives.” I saw this, and first thing I thought was, “does this old man ever get out of his house and into the real world?”
Now, at first, I wanted to just say this guy was being a straight up racist. However, I do not know that to be a fact. I think it is more of that stuffy old white Conservative Christian stupidity that the Republican right is known for.
Anyhow, here is Dennis Prager being as old, white, and Christian as he can be:
The nominees to receive the most prestigious awards in the music industry, the Grammy Awards, were just announced. Among the five nominees for Record of the Year is a song titled “F— You,” with the F-word, of course, spelled out and pronounced.
Here are the song’s opening lyrics:
“I see you driving ’round town
With the girl I love and I’m like,
F— you!
Oo, oo, ooo
I guess the change in my pocket
Wasn’t enough, I’m like,
F— you!
And f— her, too!”
The next lyrics add the S-word:
“I said, if I was richer, I’d still be with ya
Ha, now ain’t that some s–t? (ain’t that some s–t?)
And although there’s pain in my chest
I still wish you the best with a
F— you!
Oo, oo, ooo.”
And shortly thereafter, the N-word:
“I pity the fool that falls in love with you
(oh, s–t, she’s a gold digger)
Well
(just thought you should know, n—-)
Ooooooh.”
Dennis Prager is, of course, referring to this video here:
This video and song, of course, is about a young man, who has a crush on a young girl; who, of course, could care less about him. As someone who knows a little about that whole thing. I believe Dennis Prager needs to relax a little and maybe lighten up.
But wait! It gets better!
Quote:
It is also worth noting that the video of this song includes children who appear to be under 12 years of age and all the performers are black — a point I will address later.
I have long believed that MTV has done more damage to America’s young people than any other single institution. I am referring to the music videos, in which most images or scenes are shown for less than two seconds and thereby numb kids’ minds, and to the sexual imagery and sex talk that permeate the music videos and much of the rest of MTV programming.
But while MTV should be singled out for the damage it has done to America, the music industry in general has been equally guilty.
How does a song replete with expletives, whose very title is “F— You,” get nominated for a Grammy Award as Record of the Year?
The answer is that the music industry, from producers to artists, is largely populated by people who regard social and cultural norms as stifling. Their professional lives are dedicated to lowering that which is elevated, destroying that which uplifts, and to profaning that which is held sacred.
There is no better explanation for “F— You” being nominated as Record of the Year. It has little, if any, redeeming moral, social or artistic (to the extent that this word retains its original meaning) value. The lyrics are as vapid as they are obscene; the video further degrades that part of black life that is already too lacking in elevation; and there is the participation of children in a profanity-filled video.
For most of American history, a child who used such words was punished by his parents, and society instinctively knew how important it was not to expose children to obscenities. Today, adults in the music industry reward children for participating in videos laced with obscenities.
Nor is the nomination of “F— You” as Song of the Year an aberration. Two of the other four nominees are rap “songs” whose lyrics are also vile.
12 year old children!
Black kids saying “F— You!”
What’s next?
Your little 12 year old white daughter being gang raped by a group of wild black man? Horrors! 😯
Please. 🙄
I think Dennis Prager needs to relax and loosen up a little and realize that not everyone in American, including most black people are not out to get every Conservative White girl in America knocked up. Prager might also want to put away the Klan uniform, that decade ended long ago.
You say, “Hey! I thought you were a Conservative!?!?!”
Well, I am; albeit more of a fiscal Conservative, a libertarian-minded person. I find the good majority of social Conservatism to be downright hypocritical. Bristol Palin being a perfect example, not to mention her screwball Mother. (UGH!)
In closing, I believe if Dennis Prager spent more time fighting to define what the Republican Party is supposed to stand for; like trying to move it away from the George W. Bush warmonger Neo-Conservatism that it has been ensconced in since 2000 and back to the traditional Conservative, which is represented by sites like this one here. Then Prager might be doing something. Until then, he his just blowing Hot Air around and acting a bit like a Religious Holier than thou as well. Which, in all honesty, is doing nothing for the Republican Party. Well, except for making them look like total idiots to Independent thinkers, like myself and the rest of the Country.
OH PLEASE! Robert Stacy McCain: Levi Johnson Seduced (or Raped) Bristol Palin
Oh.My.God! The desperation of the Palin-Bots is becoming almost laughable.
You might think Hollywood liberals would embrace it as a feminist Cinderella success story: The teen mom, seduced and abandoned by a two-faced cheater, gets a once-in-a-lifetime chance at a nationally televised dance competition
via Bristol Palin, Margaret Cho, Kathy Griffin and the Politics of Sexual Destruction : The Other McCain.
I got news for you Mr. Robert Stacy McCain, you Neo-Nazi turncoat fuck. Bristol Palin MORE THAN WILLINGLY spread those legs and those twat lips for Levi Johnson. Anyone, and I mean ANYONE who believes anything other than that, has got their head planted square in their ASS! …or at the very LEAST is some sort of Sarah Palin Fan boy or possibly….or more than likely both! 🙄
Jesus freaking H. Christ on a freaking Crack rock! The stupid on the right is becoming SO very hard to bear anymore! 🙄
Yes Please: Ron Paul says Wikileak the Fed!
Update: Thank you to voters at Reddit! You all are amazing… 😀
Here’s my stats screen as of a few hours ago:
Thanks so much you all. I will try to continue to post stuff like this, that everyone over at Reddit can enjoy. 🙂
Jeff Kuhner takes it to another level: Kill Julian Assange
I figured someone in the Conservative media would say this sooner or later. I thought about it, but I really do not like the idea myself.
Jeff Kuhner at the Washington Times writes:
Julian Assange poses a clear and present danger to American national security. The WikiLeaks founder is more than a reckless provocateur. He is aiding and abetting terrorists in their war against America. The administration must take care of the problem – effectively and permanently.
The recent WikiLeaks document dump is the latest example of Mr. Assange’s dangerous behavior. His release of more than 250,000 U.S. diplomatic cables, many of them containing classified information, is a major blow to our foreign policy. The essence of diplomacy – especially that of a great power – is the ability to conduct negotiations and hold talks in secret. Foreign leaders will not be willing to engage in sensitive discussions with American emissaries if their words are going to be splashed across the front pages of the world’s newspapers. Officials in autocratic and Islamist states often risk their lives to cooperate with Washington, usually by providing vital information or advice. They now face a further disincentive to help us: The U.S. government can no longer guarantee the privacy and secrecy of their discussions.
American diplomacy has been crippled. So has our ability to conduct the war on terrorism. For example, the cables cache reveals that the United States is working closely with Yemen’s dictator, Ali Abdullah Saleh, in launching drone strikes against local al Qaeda bases. Al Qaeda has spread to Yemen. Its insurgency is growing. Yemen risks becoming what Afghanistan was before Sept. 11, 2001: a vast sanctuary for jihadists. Mr. Saleh insists that Yemeni public opinion – insular, xenophobic and increasingly Islamic – will not support the U.S. military presence on domestic soil. Hence, he says the pretense must be maintained that Yemen is firing the missiles, not America. This pretense has been shattered – and with it, perhaps, a key ally in the struggle against al Qaeda. Mr. Assange is helping chase the American infidel out of Yemen’s desolate deserts.
[………]
The United States is paying a severe price for Mr. Obama’s negligence. This is the greatest diplomatic crisis since the late 1940s, when communist agents in the U.S. government provided atomic secrets to the Soviet Union. The world is witnessing the absurd, almost surreal spectacle of the American superpower standing helpless in the face of a lone hacker. Her diplomatic secrets are no longer safe; her allies and friends are being betrayed; and her cyber-enemies are free to roam with impunity. America is no longer feared or respected.
Attorney General Eric H. Holder Jr. vows that he is looking into possible criminal charges against Mr. Assange. It is too late for tough talk. At this point, we are beyond indictments and courts. The damage has been done; people have died – and will die because of the actions of this puerile, self-absorbed narcissist. News reports say the WikiLeaks founder is hiding out in England. If that’s true, we should treat Mr. Assange the same way as other high-value terrorist targets: Kill him
Okay, here is the question that I feel the need to ask. Are we going to kill someone every time some whistle blower decides to speak out and expose some corruption in Government? Because if that is where we are headed, that is a slippery slope we can never recover from. Like anyone else, I am for open Government, I am also for seeing elected officials held accountable. However, if the United States Government and more importantly the United States Military is being put at risk, then by all means, arrest this guy and put him away.
I have no idea what Julian Assange‘s motivation is; whether it is conspiracy theory, politics or if he is just a pompous ass. But the idea of KILLING someone, just because decide to release some confidential information is not something, as a Conservative; who believes in rule of law and not Governmental treachery, that I can support. Because once you unleash that monster onto the American and World Wide Community, it cannot be stopped.
I would think that Jeff Kuhner would be a bit smarter than that. However, when you are working for a paper that basically was a cheerleader for the Bush Administration during the lead up to and during the Iraqi Invasion, one can expect only so much.
Others: Reporters Sans Frontières, Hullabaloo, Harry’s Place, Guardian, New York Times, News: News blog and The New Republic
Stock, Gold and Oil Trading Advice: Gold/Silver – Controlling Your Trades, Money & Emotions
Last week we had typical pre-holiday light volume trading going into US Thanksgiving. The previous week I warned every one to trade with extreme caution because of the light volume and the fact that the market is on the verge of a sizable drop for both stocks and commodities. Any price action could not be taken seriously because of the light volume. We will not know until later this coming week what the big money wants to do… Buy or Sell, also what the manipulators will do… Seems like there are a lot of wild cards out there with Europe issues and both unemployment and payroll numbers out on Friday morning.
Below are a few charts showing my intermediate term outlook for gold and silver.
Gold & Silver Futures – Daily Chart
You can see both metal are showing a possible reversal head and shoulders pattern. While they have yet to confirm and close below the neck line we must be aware of this pattern and the risk/potential it provides us with. Both metals are still in an uptrend but showing signs of weakness.
US Dollar Index – Weekly Chart
This chart is not really that helpful for trading stocks, commodities or options right now but I wanted to post it because it allows me to show you how I analyze the market and my trades.
As you can see, the past 3 weeks have been in a strong uptrend reaching the first resistance level. The point of this chart is to show you that if you step out to the next longer time frame you can get a solid feeling of where an investment will find major support and resistance levels. Any investment not matter if it’s a stock, commodity or currency, if the price is trading in the middle of a large range like this chart you should not be taking large positions because it almost becomes a 50/50 bet on the market which is not a good winning strategy unless you are very experienced at managing your trades and money.
If you are going to trade then you want to focus on the underlying trend and you do that by looking at the next larger time frame. For example: if you focus on trading the daily chart, then you must step back each week and review the weekly chart to be sure you are trading with the underlying trend which is up for the dollar right now.
Weekend Trading Ideas:
Tuesday morning we saw the SP500 gap lower and continue to sell off. Traders started panicking out of their long positions and we could see it using the intraday market internals charts, which I cover each morning in the pre-market trading videos. Me being a contrarian (buying into market fear, selling into market strength) I used that high level of fear in the market along with the expected light volume holiday week ahead as an excuse to book profits near the lows on SP500 using the SDS bear fund allowing us to profit from the falling market. I feel we are going to have some crazy moves on the markets going into year end and it should be a lot of fun if done correctly.
Trading in general is a very difficult task especially if you are doing it for a living and planning on using your monthly income to pay bills, salaries etc… We all know the stress which comes with trading and if do not have a solid trading strategy, rules and cannot properly manage yourself (emotions) then you are most likely running into problems like over-trading, getting shaken out of trades easily, and taking bigger risks than your account can handle. Each of these cause more traders to blow up their accounts and big up on trading.
I am giving away my book on how you can control your trades, money and emotions. This short and to the point guide is full of my trading techniques, tips and thoughts which will help you get a handle of your emotions turning the market noise into music.
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For great stock, gold and oil trading tips; Please, click here to sign up for this great service for the day trader!
Hmmmmmm: Video: A Constitutional Case against term limits?
I found this to be quite interesting… I did not watch it all. Tell what you think, please.
Via Liberty News Network:
Not sure if I agree or not. On one hand, I see his point and on one hand, I don’t.
Andrew Sullivan says something intelligent for a change.
I cannot say that I disagree with this:
There is no maturity here; no self-reflection; no capacity even to think how to appeal to the half of Americans who are already so appalled by her trashy behavior and cheap publicity stunts. There is a meanness, a disrespect, a vicious partisanship that, if allowed to gain more power, would split this country more deeply and more rancorously than at any time in recent years. And that’s saying something.
via Why America Won’t Buy Palinism – The Daily Dish | By Andrew Sullivan.
I also give Sully credit for not swiping her on that silly screw up with the Korea’s. That was petty and stupid.
Having said that —- Let’s not even talk her appearing with that mentally depraved Feminist Nazi Geraldine Ferraro and acting like she was some sort of hero of hers. She did everything but go down on her, on live TV. Hmph, some Conservative. 🙄
Plain and simple, Sarah Palin is a damned liberal in a Conservative skin, who thinks she is entitled to be President —– because she is a woman. Reagan is a damned skirt; please don’t make me barf. She’s nothing more than a attention whoring twat, with foul mouthed and slutty daughters. She is not fit to be Mayor of Utah, much less President of the United States. The quicker she disappears from the public scene, the better.
I wonder, are the Palin daughters and fan boys going to some swear at me too? 🙄
Video: Max Keiser’s Call: Crash JP Morgan Buy Silver
This comes via GoldSilver.com:
Quote:
Mike Maloney was recently in Europe working on his next top-secret project. While passing through France, Mike got the chance to visit with the one and only Max Keiser.
Intelligent, witty, and never bashful, Max Keiser is pure financial entertainment. With over 25 years of experience with markets and finance, Max often draws from first hand experiences when providing his listeners explicit insights on how the financial markets truly operate.
He has been described as a film producer, a journalist, and as JP Morgan and friends are now finding out, an activist investor with powerful ideas on how the masses can help themselves in taking their financial power back.
The Video:
The time in invest in gold and silver is now! Click here to find out how!
Video: Trent Lott Vindicated
I am posting this, because I believe that it is the just thing to do.
On Dec 5, 2002, Trent Lott found himself in a big mess. Largely goaded by the liberal media; that falsely accused Trent Lott of being a racist, Trent Lott resigned his leadership position in the Senate.
The really sad pert is, he was not only railroaded by Liberals, but also by Neo-Conservatives, who have always hated Paleo-Conservatives with a passion.
Here is that entire appearance at Strom Thurmond‘s 100’th Birthday Celebration:
How sad that a man’s career was damaged, for simply making a silly and bad joke, that in the end bombed.
Funny now, that the Democrats are showing their hypocrisy in this area — Just ask John Lewis.
Stock Advice: S&P 500, Treasuries, Gold, & Dollar are At Key Price Levels
A new article by a new author:
Thursday was another example of Mr. Market playing games with traders and investors as equities and precious metals took part in a strong rally. Some market prognosticators noted short-term oversold conditions across the board while others discussed the potential for a strong reversal that could potentially take out recent highs. In addition to the regular banter, to the average retail investor the market sure looks rigged when the government decides to sell a large stake in a massive IPO offering and a shaky tape suddenly becomes stronger than garlic.
There is a lot going on in the news as of late, and the expiration of the Bush tax cuts looms large on the minds of many, particularly small business owners. So the real question becomes, what should traders be watching or paying attention to before the light volume Thanksgiving week? The answer is simple, watch the tape! The market will provide plenty of clues and it will eventually tip its hand, experienced traders will wait for this process to unfold.
At this point in time, it is a bit early to begin making predictions as to which direction the equities market will go. What we do know is that the market was oversold in the short-term, so this could be a pause before prices turn lower. In contrast, this could be the beginning of another bullish move breaking recent highs on its way to a “Santa Claus” rally. My stance is neutral at this point in time; S&P 1200 should offer significant overhead resistance while S&P 1170 / 50 period moving average is near term support. The chart listed below illustrates these key levels:
S&P 500
If price were to break out above S&P 1200 on strong volume, it is likely that we will see a retest of the recent highs around the 1220 area. Consequently, if price tests the S&P 1170 area and fails price will likely be magnetized to the 1140-1150 area. We will have our answers in due time, but until a definite direction is known, patience is warranted.
Treasuries
As discussed in my previous article, the ProShares Ultra Short 20+ year treasury ETF (TBT) bounced off of the 36 level and put on a short lived rally only to settle toward the bottom 1/3 of its recent price range. After the recent breakout, it would be constructive to see TBT consolidate before confirming a direction. The chart below shows the key levels on TBT:
U.S. Dollar
Instead of illustrating a gold chart, let us focus our attention on the U.S. Dollar Index. The chart below shows the dollar has pulled back and is now testing the 50 period moving average. I am anticipating a retest of the recent breakout over double tops and this key level is illustrated below. If support holds firm, higher prices for the U.S. Dollar in the near term will be likely.
The Contrarian Trade
Thursday’s price action in the S&P 500 offers a great example of the power of options, which are traditionally overlooked by most equity traders or investors. While I did not personally enter this trade, I did enter a short position with tight stops around the S&P 1197 level using futures contracts for a short term trade. I was looking for a short term decline which we subsequently received in the aftermarket and my limit orders were triggered.
The option trade that I discussed with one of my trading buddies and mentor, involved getting short Apple (AAPL) when its price was around $309.50/share. While I did not place this trade as I felt I had plenty of short side exposure via my e-mini futures position, the trade would have worked quite well. So the trade listed below is not a recommendation, but an illustration of how options can be a contrarian traders’ best friend.
AAPL has been trading in the $300 – $320 per share range for several weeks having broken out above $320 only to be smacked down into the range. During the recent selloff, AAPL crossed down through the $300 level only to encounter strong buying that pushed it above the key $300 area by the close of trade that day. Thursday’s rally had AAPL trading above $309.50/share and the 20 period moving average was right around the 310 level as can be seen from the chart below.
The 20 period moving average provides an adept option trader with a key level which he/she can define the risk of a short position using options. Through the utilization of a contingent stop based on AAPL’s stock price, a trader using this setup could place a stop around the $311.25 area to define their ultimate risk. As of Thursday, the AAPL weekly options that expire November 26 began trading.
The trade listed below is a put debit spread:
Buy 1 AAPL Nov. 26 310 Weekly Put – $5.00 / contract based on Thursday’s close
Sell 1 AAPL Nov. 26 300 Weekly Put – $1.47 / contract based on Thursday’s close
AAPL stock closed around $308.43 / Share
The profitability chart reflecting this trade is below:
The maximum risk this trade has per leg was around $350, however through the use of the contingent stop around $311.25, the risk per leg is around $150. The maximum gain would be $650 per leg if at expiration in one week AAPL was trading below $300/share. In the first hour of trading, AAPL sold off below $306 per share. If an option trader had more than one contract on, he/she could take partial profits and place a stop at the entry price insuring a winning trade and allowing room for the trade to run.
Obviously the trader may want to adjust his/her stop based on market conditions, but this is simply an example of what can be accomplished with options. Once the trader understands how to determine the risk that an option trade assumes, he/she can build trade constructions to fit nearly any trading style or strategy. For a contrarian trader, options offer an unbelievable opportunity to mitigate risk and maximize profits. Learning how to trade options does take time and effort, but the potential returns options offer when they are used appropriately are unparalleled.
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President George W. Bush on Jay Leno
Here’s the entire show. Enjoy:
MarketWatch engages in Federal Reserve propaganda
This is pretty sad considering who owns the website:
Then there is this:
Gold has become highly prized bling, as anxious and astute buyers alike, from hedge-fund players to central bankers, flock to the “currency of fear.” Gold at around $1,400 an ounce is almost double what it commanded two years ago, and gold’s price is up almost 25% so far this year alone.
It’s been a great ride. Except gold is a bad investment.
Gold’s feverish run has made a lot of people a lot of money, and though the rally has taken a breather in the last few days, there’s no shortage of flag-waving supporters who claim gold is on a march to $1,600, $1,800, $2,000 and beyond. After all, gold is still well below its 1980 peak, when it was worth around $2,300 an ounce in today’s dollars.
….and this:
“Mercury poisoning,” is the answer from Barry Ritholtz, the very outspoken CEO and director of equity research at Fusion IQ, when asked where Zoellick’s idea might have come from.
Zoellick, also a former Treasury official in the Reagan administration and managing director at Goldman Sachs, made his suggestion in an op-ed in the Financial Times last Sunday, just days ahead of the Group of 20 major countries meeting in Seoul.
The suggestion was made to world leaders in order to address “global imbalances,” the diplomatic expression being used to refer to the impact of China’s vastly undervalued renminbi on other countries’ competitiveness.
All of the above is pure garbage. Gold is a hedge against inflation and the dollar. Do not listen to the Statists who want to seize all of the gold and give you a worthless dollar.
By the way, here is some SOUND investment advice pertaining to Gold:
There have been some major trend changes recently and it looks as though more investments are about to follow. The real question though is… Are You Ready To Take Advantage Of It?
It has been an exciting ride to say the least with the equities and metals bull market and the plummeting dollar. But it looks as though their time is up, or at least for a few weeks. Traders and investors will slowly pull money off the table to lock in gains or cut losses and re-evaluate the overall market condition before stepping back up to the plate and taking another swing.
Below are a few charts showing some possible money making trade ideas in the weeks ahead.
TBT 20+ Treasury Note Inverse Fund
This fund moves inverse to the price of the 20yr T.N’s also known as bonds. Looking at the chart you can see the recent reversal which took place. We had a great entry point shortly after this reversal took place using my low risk setup strategy.
Falling bond prices are considered to have a negative impact on equities because it implies that interest rates may start rising which means more investors will pull money out of stocks and put that money into a safe interest earning investment. You will typically see bonds change direction before equities. That being said the chart below is an inverse fund, so when this bond fund goes up, it means actually indicates bond yields are falling. I will admit these inverse funds really throw my brain for a loop at time… I prefer the good old days, buying long and selling short… so simple and clean… —- Read the rest Here
I ask you, go read the rest of that; listen to people, like the man at this link, who want to see you make and keep your money. Not force you to trust in an unsound money system, like the United States Dollar. If you are not interested in FTS’s and would to buy actual Gold, then try this link here.
In fact, here is a video that explain why you should own Gold and Silver:
Is it not just good common sense to have a backup plan? Do not delay, invest in Gold and Silver today.
Please Note: In the interest of full disclosure — There are links in this blog posted that if click on and product bought or signed up for, will result in the compensation of myself. This will come with no price increase to the customer at all. Think of it, as an easy way to support this blog and yours truly.
This is what happens when Sarah Palin endorses a candidate: Joe Miller LOSES!
This is what happens when a train wreck, reality television star gets involved in politics and endorses political candidates; they lose:
JUNEAU, Alaska (AP) – Sen. Lisa Murkowski has become the first Senate candidate in more than 50 years to win a write-in campaign.
Murkowski emerged victorious after a painstaking, two-week count of write-in ballots showed she has overtaken over tea party rival Joe Miller.
Her victory became clear when Alaska election officials confirmed they had only about 700 votes left to count, putting Murkowski in safe territory to win re-election.
Murkowski has a lead of about 10,000 votes, a total that includes 8,153 ballots in which Miller observers challenged over things like misspellings, extra words or legibility issues.
Murkowski is flying back to Alaska to address supporters, telling them that the campaign “made history.”
Miller surprised Murkowski in the GOP primary, prompting the incumbent to run as a write-in.
I felt good about Joe Miller, until Sarah Palin got involved, then I knew it would never happen, he would not get elected. This is what happens when Palin gets involved, people lose and lose badly. It is what happened when O’Donnell ran and it is now happening with Joe Miller. The truth is, Sarah Palin has zero business endorsing anyone at all. I just wonder, will her kids come to my blog and start swearing at me, like they did over on facebook, when someone started telling the truth about Sarah Palin and her idiotic show? It is to wonder.
The truth is Sarah Palin has never succeeded at anything; including being Governor of Alaska. This little failure here, is just more living proof of that. The Republican party should take notice of that and let this little incident here, be one of many pieces of evidence that Sarah Palin is not fit to the President of the PTA in Wasilla, Alaska; much less the President of the United States. If Sarah Palin wants to do anything to impress me, or anyone else in this movement that we call the Tea Party, she needs to pack up her little tampon box of silly ideas and go back to Alaska and try being a Mother to her children and a Wife to her Husband. That is if she even has any of that left at all.
We need leadership in Washington D.C. — not some shrieking harpy psycho, who is all for having a Christian version of Sharia law in this Country. Count me as one of the many American Paleo-Conservatives, who have taken a great pleasure in seeing one of psycho Sarah Palin’s endorsements doing a very righteous face plant. It could not have happened to better person and may this be the first of many more for this idiotic woman.
Sarah Palin can forget about ever being President, her kids are out of control
Damn……Just….Damn.…:
During the premiere of “Sarah Palin’s Alaska” Sunday night — a boy named Tre who went to school with the Palin kids wrote a status update that read, “Sarah Palin’s Alaska, is failing so hard right now.”
The comment sparked an intense response from Willow — who replied on the boy’s wall, “Haha your so gay. I have no idea who you are, But what I’ve seen pictures of, your disgusting … My sister had a kid and is still hot.”
Willow followed up that comment with another that read, “Tre stfu. Your such a f**got.”
Bristol Palin also got in on the smacktalk — writing a message to Tre saying, “You’re running your mouth just to talk sh*t.”
Eventually, a message board war erupted — and Bristol took aim at another person named Jon — saying, “You’ll be as successful as my baby daddy, And actually I do work my ass off. I’ve been a single mom for the last two years.”
After more users began to gang up on the Palins, Willow dropped another message that read, “Sorry that you guys are all jealous of my families success and you guys aren’t goin to go anywhere with your lives.”
via Sarah Palin’s Daughter Willow Palin Uses Homophobic Slurs | TMZ.com.
TMZ has a poll for Sarah Palin’s child rearing skills; I gave her an F and I suggest you do the same. Read the messages here. Needless to say the Gay community is not happy about it. Click here and here to read. I can see where the gay community would not like this. Sarah Palin had better do some damage control or she will pay for this in 2012.
Living proof that John McCain is a typical warmongering Neo-Conservative
This also explains why I did not vote for him and that moronic bimbo Sarah Palin:
Sen. John McCain (R-Ariz.), the ranking member of the Senate Armed Services Committee, expressed concern Monday that some new Republican legislators would be defined by their “protectionism and isolationism,” two views that the Vietnam war veteran feared would result in a butting of heads within the party on Afghanistan and defense spending.
“I think there are going to be some tensions within our party,” McCain said during a conference put on by Foreign Policy Initiative, a DC-based think tank. “I worry a lot about the rise of protectionism and isolationism in the Republican Party.”
A prime example, McCain continued, was Rand Paul, Kentucky’s next U.S. Senator.
“I admire his victory, but … already he has talked about withdrawals [and] cuts in defense,” McCain said.
Indeed, Paul appears to have taken after the more libertarian side of foreign policy issues, much like his father, Texas Rep. Rand Paul (R).
via John McCain Attacks Rand Paul’s ‘Isolationism’ In Willingness To Cut Defense Spending.
They mean Ron Paul. I’ve cracked up watching the media calling Rand, Ron and Ron, Rand. It is quite funny. To review! Ron Paul is from Texas, and Rand Paul is from Kentucky.
The serious point to be made here is that John McCain is trying to follow the foreign policy path that was started by President George W. Bush. That foreign policy, which was Wilsonian in nature, proved to be disastrous for the Republican Party and caused them to lose the 2008 election. The Republican Party, under chairman Steele, has been trying to remake the image of the Republican Party being the party of warmongers. As a Conservative, I believe that protecting and defending the Republic of the United States of America is paramount. However, I believe that forcing our style of Democracy on nations that do not necessarily want it; at the cost of our treasure, that being our Military; is a tragic mistake. This is what happened in Iraq and that will always be a black mark on our record throughout the World.
Someone needs to get the memo to John McCain that the Republican Party has moved on from the Bush era and that the Conservative grassroots has pretty moved on from the Bush era.
Let me also say this; I will avoid taking a swipe at Israel, as I believe that they do have right to exist. However, We Paleo-Conservatives understand why McCain feels like he does. McCain comes from that old Wilsonian school of thought — Protect Israel at any cost. We can see what that idiotic stance has gotten us in the past eight years, can we not? Again, someone needs to get that Memo to McCain; that the Conservative grassroots, being challenged by the Tea Party movement, has moved on from that stance and has totally rethought that whole idea. The idea of going to war now, to appease that Country is not popular any longer, among anyone — and that my friends, is a good thing.
Others: Hit & Run, Raw Story, Outside the Beltway, DoD Buzz and Talk Radio News Service
Quote of the Day
“These men are NOT incompetent or stupid. If they were merely stupid, they would occasionally make a mistake in our favor.” That comment was made by James Forrestal concerning International Communism being promoted by our politicians in the early 1950’s. It isn’t being politically correct to refer to SOCIALISM as COMMUNISM, however, according to the Communist Manifesto the United States has already become a communist nation. If you have your little pocket size “CITIZENS RULE BOOK,” look on page 8, at the SUMMARY OF THE COMMUNIST MANIFESTO, which states “The Communist Manifesto represents a misguided philosophy, which teaches the citizens to give up their rights for the sake of the common good, but it always ends in a police state. This is called preventive justice. Control is the key concept.” In the September issue of NEWSWATCH Magazine titled “The Ten Planks That Are Destroying Our Country – COMMUNIST MANIFESTO.” The article warns us that Americans believe that Communism is dead, but Communism has just become more politically correct.
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The Church was composed of benefactors who did not exercise authority but provided all the social welfare of the people through the perfect law of liberty by faith, hope and charity. That took real faith and doing, forgiveness and giving, sacrifice and love. Being a Christian was not as easy as modern Christians would like to believe.
Instead the modern church sends people to eat at the tables of those socialist benefactors who exercise authority one over the other which makes the word of God to none effect. They were warned that those tables served deceitful meats,[34] that they were a snare[35] and a trap.[36]
The religion practiced today is done at the government temples which provide for the needy of modern society. Those administrators are the priests of the people’s true religion and their government is the new Pharisees of the Coercive Church established by men. Their schemes of social security are formed like those of Herod and the Pharisees and again make the word of God to none effect. What they do on Sunday is just to ease their own conscience or tickle their ears with false hopes so they may give heed to fables, and commandments of men, that turn from the truth.[37]
Christ meant His Church to set the table of the Lord through faith, hope and charity. To depend on the welfare of rulers was to again become entangled in the bondage of their world.[38] Christ came to open our eyes to the sin common in the history of men and to set us free if we will repent.[39]
As we see the unrighteous mammon failing,[40] it is time for the people and the ministers of their church to repent and seek the Kingdom of God and His righteousness so that they will be suitable for more righteous habitations.
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Please Note: I do not agree with all of the viewpoints presented in this video. Like the one that says A.D.H.D. is a myth. I’ve had A.D.H.D. for all my life. I know it is not a myth. However, there are some things in this video, that are not a myth and are legitimate viewpoints. As always around here. I post and report and you decide.
Video: Charlton Heston speaks about A Torch With No Flame
I believe every American should watch this video….at least once.
I believe it is the duty of all liberty and freedom loving Americans to join this wonderful organization, if you are able.
So, Please…:
Because some rights are just not negotiable.
Please note: This was an totally unsolicited post. The NRA does not have a damned clue, who I even am. I do not belong to the organization….yet. I do not make a dime off of your joining this wonderful and American organization. But I highly encourage you to join, because America needs people, like you I to stand up for what is rightly ours.
Bill O’Reilly interviews President George W. Bush
I have to give the man credit where it is due. Bill O’Reilly really gave Bush a good grilling here. Although, to his credit also, President Bush did stick to his guns.
Here part one and part two of the interview: (H/T Bill O’Reilly online)
Get the book:
Disclosure: I do make a little bit of money, if you order one of these books. You won’t pay any extra for it. It is capitalism, and I like capitalism, don’t you? 😉