BlogAds.com is a steaming pile…of hypocrisy

I really hate having to compose posts like this, but when I see rank hypocrisy coming from somewhere, I have to speak out about it.  It appears that good old BlogAds.com has finally gotten a good dose of its own medicine.  As some of you might recall, I was unceremoniously dumped by BlogAds.com a good long while back, because I dared to gripe and complain about a ridiculously slow server that controlled the editing of my ads on my site.  One night, after being fed up with their idiotic slow server; I in some very colorful language, told them that their server was too slow and asked them to fix it.  I posted it on their facebook page, which of course made them look like rank buffoons.  For this I was dropped; there we no second chance, there was no, “Hey, can we talk about this on the phone?”  None of that, just a tersely worded e-mailed that said, “Were not selling you anymore” and that was the end.

So, to the people at BlogAds.com —-hey, how does it feel to get the door slammed in your face?  To be honest, it could not have happened to some better people, if you ask me.  Maybe this will make the reconsider their rather rude way of dealing with me.  I admit that my site does not have the hits that some of the other bigger political blogs might have, but that does not excuse the way I was treated, because it was THEIR product, that caused the problem in the first place.  I do realize that these guys are not obligated to give anyone access to their service, but I believe that their “blogger relations” person has a lot to learn when dealing with the public and people like me, who make a living at their writings.

So, again, to people at BlogAds.com —- How does it feel?

Another thing too; to put a bit of politics into this, BlogAds.com has what are called Liberal and Conservative “Ad Hives,” and the liberal hive is like twice the size of the Conservative Hive. What does that tell you? Who do you think they really promote? You have two guesses and the first one does not count. What does it say when Perez Hilton, a morally degenerate liberal gets more promotion on that Advertising Company’s website —- than say, Ann Althouse? I am just saying, you are what you promote and in BlogAds.com’s case, it is not a pro-American, Conservative business.

Ford caves to White House demand to pull ad ripping on tarp bailouts

This is unreal:

For the only Detroit automaker that “didn’t take the money” of the federal auto bailouts, Ford Motor Co. keeps paying a price for its comparative success and self-reliant turnaround.

There’s no help from American taxpayers to help lighten its debt load, giving crosstown rivals comparatively better credit ratings and a financial edge Ford is working diligently to erase all on its own.

There’s no clause barring a strike by hourly workers amid this fall’s national contract talks with the United Auto Workers — a by-product of the taxpayer-financed bailout that General Motors Co. and Chrysler Group LLC retain until 2015.

And there’s no assurance the Dearborn automaker can use the commercially advantageous fact that it didn’t “take the money” proffered by the Obama Treasury Department and use it in TV ads angling to sell cars and trucks. Not if the campaign takes a whack at its Detroit rivals and suggests that Ford no longer supports the Obama administration bailouts it backed in public statements and sworn congressional testimony.

As part of a campaign featuring “real people” explaining their decision to buy the Blue Oval, a guy named “Chris” says he “wasn’t going to buy another car that was bailed out by our government,” according the text of the ad, launched in early September.

“I was going to buy from a manufacturer that’s standing on their own: win, lose, or draw. That’s what America is about is taking the chance to succeed and understanding when you fail that you gotta’ pick yourself up and go back to work.”

That’s what some of America is about, evidently. Because Ford pulled the ad after individuals inside the White House questioned whether the copy was publicly denigrating the controversial bailout policy CEO Alan Mulally repeatedly supported in the dark days of late 2008, in early ’09 and again when the ad flap arose. And more.

via Columnists | Ford pulls its ad on bailouts | The Detroit News.

I would and could carp on about this one; but I will simply say this — this here, my friends, is why you do not elect totalitarian Presidential Administrations who are not too fond of criticism.    I know Bush did it too; to a point, but not nearly as bad as this bunch in the White House. This President is much worse. Further more, Bush’s issue was with the liberal media and never, ever with private business.

I also have to wonder; how much of this was the Union’s doing? I wonder if Ford received a threatening phone call from the President of the AFL-CIO and was told, “You either pull that ad or you are going have a huge labor walkout on your hands!” I cannot prove that in a court of law. But I would be willing to bet money that is what happened.

Again, as I am prone to saying here, quite a bit. Remember this dumb nonsense come 2012; because no President or White House should ever, and I do mean EVER be able to pressure any business to pull advertising. We are a free Republic; and not some damned Communist dictatorship; this has to stop and I hope like the dickens that Republicans pick the right guy to beat Obama in 2012.  Because crap like this, has go to go and I mean go quickly.

Others: Hit & Run, Mediaite, Big Government, Ben Smith’s Blog, National Review, Patterico’s Pontifications, Wake up America, LaborUnionReport.com, Hot Air, theblogprof, Weasel Zippers, Weekly Standard, JammieWearingFool and Cold Fury (via Memeorandum)

Bob Prechter explains current stock trends

(Video) Bob Prechter Explains ‘Triple Top’ Forming in U.S. Stock Market

This excerpt from the special video issue of the August Elliott Wave
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So much for Democracy in Iraq

Next time some stupid moron Neo-Conservative tells you that Bush brought Democracy to Iraq, by invading it — show ’em this:

BAGHDAD – Among the revolts sweeping the Middle East and North Africa, Iraq’s has been an exception: Here, protesters are seeking to reform a democratically elected government, not to topple an autocrat.But protesters, human rights workers and security officials say the government of Prime Minister Nouri al-Maliki has responded to Iraq’s demonstrations in much the same way as many of its more authoritarian neighbors: with force.Witnesses in Baghdad and as far north as Kirkuk described watching last week as security forces in black uniforms, tracksuits and T-shirts roared up in trucks and Humvees, attacked protesters, rounded up others from cafes and homes and hauled them off, blindfolded, to army detention centers.Entire neighborhoods – primarily Sunni areas where residents are generally opposed to Maliki – were blockaded to prevent residents from joining the demonstrations. Journalists were beaten.In most cases, regular soldiers and police officers simply stood aside, with one saying the matter was “beyond us.” In all, 29 people were killed.”Maliki is starting to act like Saddam Hussein, to use the same fear, to plant it inside Iraqis who criticize him,” said Salam Mohammed al-Segar, a human rights activist who was among those beaten during a sit-in. “The U.S. must feel embarrassed right now – it is they who promised a modern state, a democratic state. But in reality?”He shook his head.Last Friday, the U.S. Embassy here issued a statement saying that security forces appeared to have followed Maliki’s directive to allow peaceful protests. As reports emerged Saturday of the beaten journalists, the White House issued a statement saying that U.S. officials were “deeply troubled.” The U.S. Embassy has declined to comment further.

via Protesters say Maliki is using special security forces to shut down demonstrations in Iraq.

So much for that little pipe dream, eh? Iraq is no more a damned Democracy than North Korea. The elections over there were nothing more than a smoke screen to fool the American people into believing that the invasion in Iraq in 2003 was justified.  Which thinking Conservatives, like me, knew was a pack of damned lies. As was the whole WMD story.

Nice work Dubya! 🙄

Conservatives of all stripes should really be following this coming 2012 election. If whomever the Republican Party chooses to be our next President; starts talking about “exporting Democracy” to foriegn lands, that Conservative should not vote or vote for a third party. Forget the Democrats, they do the same stuff as Neo-Conservatives. Vote different, because America cannot afford no more General’s wars. Just that simple. Exporting Democracy does not work people and this story here is living proof of that.

Fixed rather funny typo. I meant WMD’s, not WND’s… More coffee!

 

 

Stock and Trading Advice: Yen and Dollar…rally ahead?

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Trading Advice: What Most People Don’t Realize About The Fed’s Superpowers

Bob Prechter’s Conquer The Crash reveals whether the Fed really can rescue the US economy
January 27, 2011

By Elliott Wave International

Since its creation in 1913, the primary intended role of the U.S. Federal Reserve Bank has been that of protector. In theory, the central bank was bestowed with the power to shape monetary policy in a way that would keep both booms and busts in check. The two main tools at its disposal — interest rates and money creation — would provide a “ceiling of normalcy” above expansions AND a “net of safety” below contractions.

To this day, the financial mainstream holds great faith in the Fed’s ability to fulfill its save-the-day duties — as these recent news items make plain:

  • “Why Raising Fed Funds Rate Is Positive For Equities.” (Seeking Alpha)
  • “Fed’s Moves Lift All Asset Classes.” (Associated Press)
  • “US Stocks Erasing Losses: The aggressive moves of the Fed have been an important driver for the stabilization of stock prices.” (Bloomberg)

But of all the variables the Fed creators took into account, there’s one glaring factor they neglected to consider: Namely, it cannot force consumers to spend, creditors to lend, or businesses to borrow. The events of 2007-2009 “credit crunch” and the subsequent “Great Recession” made that obvious. Remember how the government was upset at banks for sitting on the bailout funds instead of lending them out to consumers? And consumers weren’t exactly lining up on the street to get a loan, either.

The Fed’s inability to change social mood is the central theme in Chapter 13 of EWI President Bob Prechter’s NY Times business bestseller book Conquer the Crash. There, Bob describes the Fed’s strategy of lowering the federal funds rate to stimulate spending to be as effective as “pushing on a string.” Writes Bob:

“The primary basis for today’s belief in perpetual prosperity and inflation with an occasional recession is what I call the ‘Potent Directors Fallacy.’ It is nearly impossible to find a treatise on macroeconomics today that does not assert or assume that the Federal Reserve Board has learned to control both our money and our economy. Many believe that it also possesses the immense power to manipulate the stock market. The very idea that it can do these things is false.”

And so begins one of the most groundbreaking studies into the very real INABILITY of the Fed to fell the great bears of economic declines, or to feed the great bulls of economic vigor.

The best part is, you can read Chapter 13 of Conquer the Crash in its entirety FREE via a Club EWI resource “You Can Survive And Prosper In A Deflationary Depression.” The free report also includes SEVEN other chapters of Conquer the Crash that shed equal light on some of the most misleading notions of mainstream economic wisdom.

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  • Chapter 10: Money, Credit and the Federal Reserve Banking System
  • Chapter 13: Can the Fed Stop Deflation?
  • Chapter 23: What To Do With Your Pension Plan
  • Chapter 28: How to Identify a Safe Haven
  • Chapter 29: Calling in Loans and Paying off Debt
  • Chapter 30: What You Should Do If You Run a Business
  • Chapter 32: Should You Rely on Government to Protect You?
  • Chapter 33: A Short List of Imperative “Do’s” and Crucial “Don’ts”

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How a Simple Line Can Improve Your Trading Success

Elliott Wave International’s Jeffrey Kennedy explains many ways to use this basic tool
January 19, 2011

By Elliott Wave International

The following trading lesson has been adapted from Jeffrey Kennedy’s eBook, Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. Now through February 7, you can download the 14-page eBook free. Learn more here.

“How to draw a trendline” is one of the first things people learn when they study technical analysis. Typically, they quickly move on to more advanced topics and too often discard this simplest of all technical tools.

Yet you’d be amazed at the value a simple line can offer when you analyze a market. As Jeffrey Kennedy, Elliott Wave International’s Chief Commodity Analyst, puts it:

“A trendline represents the psychology of the market, specifically, the psychology between the bulls and the bears. If the trendline slopes upward, the bulls are in control. If the trendline slopes downward, the bears are in control. Moreover, the actual angle or slope of a trendline can determine whether or not the market is extremely optimistic or extremely pessimistic.”

In other words, a trendline can help you identify the market’s trend. Consider this example in the price chart of Google.

That one trendline — drawn between the lows in 2004 and the lows in 2005 — provided support for a number of retracements over the next two years.

That’s pretty basic. But there are many more ways to draw trendlines. When a market is in a correction, you can draw a trendline and then draw a parallel line: in turn, these two parallel lines can create a channel that often “contains” the corrective price action. When price breaks out of this channel, there’s a good chance the correction is over and the main trend has resumed. Here’s an example in a chart of Soybeans. Notice how the upper trendline provided support for the subsequent move.

For more free trading lessons on trendlines, download Jeffrey Kennedy’s free 14-page eBook, Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. It explains the power of simple trendlines, how to draw them, and how to determine when the trend has actually changed. Download your free eBook.

Investing Advice: Trading the Holiday Grind

It’s that time again when volume dries up and prices rise into the new year. A lot of individuals are scrambling to prepare for the holidays, even though we had a year to prepare. The big money has already done most of their year end shuffling and will be taking it easy until January.

The market is overbought and sentiment readings are at extreme levels which in the past have been the start of large sell offs and even bear markets. While I am keeping a close eye for a top, there is not much we can do but stay long stocks and commodities until the market tips its hand and distribution selling is in control. The U.S. federal government is the only wild card going into year end that should be on traders’ radars. They have been doing a great job boosting prices in the equities and commodities market, but can they continue to hold things up when the big money and the proverbial herd start unloading positions in 2011?   — Please, Click here to read the rest.

New Report: It’s Dangerous to Diversify — Find Out Why

New Report: It’s Dangerous to Diversify — Find Out Why

A free report from Elliott Wave International reveals the risks of portfolio diversification
By Elliott Wave International

Despite near-unanimous endorsement among mainstream advisors, the strategy of portfolio diversification has a huge, glaring flaw: Namely, when large sums of liquidity begin to flow into global investment markets, formerly disparate trends become strongly correlated. And markets that go up together ultimately go down together; in turn, the value of diversified portfolios goes down with them. Read more.

—-

Disclosure: If you follow the link and sign up, I get a small amount of compensation at no extra cost to the customer.

Disclaimer: Quite bluntly, I post these articles to make money; period. The posting of this and other articles is in no means to be considered a endorsement of the ideas and investment strategies. In other words, if you try this and lose your butt; do not come crying to me or wanting me to refund your money. Because it is not going to happen, period.

Personal Advice from ME: If you are small time stock investor, GET OUT NOW!

…and here is why….

This comes via Gateway Pundit, who is one hell of a great blogger:

The story via the U.K. Telegraph:

US Treasuries last week suffered their biggest two-day sell-off since the collapse of Lehman Brothers in September 2008. The borrowing costs of the government of the world’s largest economy have now risen by a quarter over the past four weeks.

Such a sharp rise in US benchmark market interest rates matters a lot – and it matters way beyond America. The US government is now servicing $13.8 trillion (£8.7 trilion) in declared liabilities – making it, by a long way, the world’s largest debtor. Around $414bn of US taxpayers’ money went on sovereign interest payments last year – around 4.5 times the budget of America’s Department of Education.

Debt service costs have reached such astronomical levels even though, over the past year and more, yields have been kept historically and artificially low by “quantitative easing (QE)” – in other words, Federal Reserve Chairman Ben Bernanke’s virtual printing press. Now borrowing costs are 28pc higher than a month ago, with the 10-year Treasury yield reaching 3.33pc last week, an already eye-watering debt service burden can only go up.

Few on this side of the Atlantic should feel smug. The eurozone’s ongoing sovereign debt debacle has pushed up Germany’s borrowing costs by 27pc over the last month – to 3.03pc. The market has judged that if Europe’s Teutonic powerhouse wants the single currency to survive, it will ultimately need to raise wads of cash to absorb the mess caused by other member states’ fiscal incontinence…

Some say that growing signs of a US economic recovery are positive for stocks, which means money is being diverted out of Treasuries, so lowering their price, which pushes up yields. That’s wishful thinking. Sovereign borrowing costs have just surged in the US – and therefore elsewhere – because a politically-wounded President Obama caved-in and extended the Bush-era tax cuts, combining them with a $120bn payroll tax holiday…

The market is increasingly alarmed at the rate of increase of the US government’s already massive liabilities. America’s government debt is set to expand by a jaw-dropping 42pc over the next few years, reaching $19.6 trillion by 2015 according to Treasury Department estimates presented (amid very little fanfare) to Congress back in June. Since then, government spending has risen even more. So US debt service costs, like those of many other Western nations, are expanding rapidly in terms of both the volumes of sovereign instruments outstanding, and the yields on each bond.

You know what that means? It means that if you are a small time investor; that you need to get out of the Market NOW! This could have a huge impact on the market, and you could lose very big. I do virtual trading and so far, I have done well on my trades. But I am not about to lose my shirt, so, I ordered a sell off of everything. Now the big time guys will be able to afford to ride this out, because they have the wealth to spare. But the small time people will get burned. The best thing I can tell you small times investors, is to dump your shares and put it all into Gold. That would either be into EFT‘s or real actual Gold.

Disclaimer: I do not claim to be a expert on the subject of stocks, trading or even Gold. However, it does stand to reason that when such news as this is report, that it will affect the U.S. markets and the United States financial system. I do however, promote a great investment advice service called Elliotwave. You might want to check it out.

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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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!

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.

Get more great articles like this, by going here.

Disclosure: Clicking on this link and signing up for the service results in a small compensation to yours truly at not additional cost to the consumer

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.


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.

Stock Trading Advice: SPX’s Running Correction, Gold’s Setup, Oil Explodes!

The financial markets continue to climb the wall of worry on the back of more Fed Quantitative Easing. Those trying to pick a top in this choppy bull market may prove to be correct for a couple hours but over time the shorts continue to get clobbered.

Quantitative easing was enough to turn gold back up and gave oil just enough of a nudge to breakout of its cup and handle pattern explained later.

The past few weeks the number of emails I receive on a daily basis about what individuals should do about short positions they took on their own has growing quickly. Usually when my inbox starts to fill up with traders holding heavy losses trying to pick a top I know something big is about to happen and its not going to be in the favor of the herd (everyone shorting). In the past couple week there have been some great entry points for the broad market whether its to buy the SP500, Dow, NASDAQ or Russell 2K. I focus on trading with the trend and entering on extreme sentiment readings as shown in the chart below.

Extreme Trend Trading Analysis

Below are my main market sentiment indicators for helping to time short term tops and bottoms. That being said I don’t pick short term tops in hopes to profit on the down side. Rather I wait for a extreme sentiment bottom to be put in place, then enter long with the up trend (Buy Low).

Once there is a 1-2% surge in price and sentiment indicators are showing a short term top I like to pull a little money off the table to lock in some profits while still holding a core position (Sell High). This is exactly what I/subscribers have done over the last couple weeks. This is a simple yet highly effective strategy and works just as well in a down trend except I focus on shorting extreme sentiment bounces. Subscribers know what these indicators are as I cover them each week in my daily pre-market trading videos as we prepare for the day ahead. —- Read The Rest Here

Farewell BlogAds, I wish you well

Something interesting happened yesterday. I received this rather tersely worded e-mail from the follow that handles Blog relations at BlogAds:

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Message-ID: <4CC72DF5.2020102@blogads.com>
Date: Tue, 26 Oct 2010 15:37:25 -0400
From: Marc Wasserman <marc@blogads.net>
Reply-To: marc@blogads.com
User-Agent: Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.6; en-US; rv:1.9.2.11) Gecko/20101013 Thunderbird/3.1.5
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To: Patrick <tpblogeditor@gmail.com>
Subject: End of Service
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Content-Transfer-Encoding: 7bit

Hi Patrick,

I wanted to let you know we've stopped Blogads sales for your site. We
will pay out any outstanding funds. Your adstrips will stop functioning
within the next few days -- if you leave it up on the site, the ghost
adstrip code won't disrupt your site's serving. While we realize
Blogads.com is imperfect and has frustrated you, we don't want to be
associated with your abusive language about our staff and service.

Best,
Marc

--
marc wasserman | customer relations
blogads for opinion makers | blogads.com
p: 919.636.4551 x 804 | f: 469.398.0473
facebook.com/blogads | twitter.com/blogads

My first reaction was, basically, to chuckle a bit. What happened was this; I was trying to edit an ad spot here a few days ago and the server that handles the ad editing — was slow, as in very, very, slow. Therefore, I hopped over to the facebook page and in so many words, told the idiots to fix their stupid slow server. I guess Henry, the man that owns BlogAds, saw it and someone got their butt chewed for it. I suspect that might have been Marc. Therefore, in retaliation, I am tossed off the service.

Here is why this really does not matter at all. I can count on one hand, how many ads I have gotten with BlogAds, since I started using it again — when I switched sides politically. I only got five or maybe six paying ads on the side. When I was a left of center Blogger, I got exactly ZERO ads. As a “Right of Center” Blogger, I even was a part of a few hives, or Ad Groups. Those paid nothing as well. I mean, literally no ads came from the majority of them; except maybe the so-called “Conservative” hive. I got a few through there. I ended up leaving that hive, because of the actions of its owner. Of whom, I felt was a bit of an asshole towards David Frum. Other than this, I was not “rolling in the dough” as some might have assumed —- much quite the opposite — I never made much of anything with Blogads at all. All of those ads, that you might have seen in the sidebars, in the Blogads, ad sections, were free ads that I ran, either to promote stuff that I was selling on zazzle or as a favor to others who asked for the help.

Frankly, it is the opinion of this writer, that Blogads day has come and gone; Blogads came on the scene in 2002 and became big in 2004, during the election. However, much has changed since then. Google Adsense got smart and started doing graphical ads — not to mention the fact that their pricing structure is a bit saner for advertisers. In addition, there is this little thing. I believe in the time old business practice of “the Customer is always right,” no matter how abusive, nasty or whatever, the customer is always right. Frankly, if the staff over at Blogads cannot handle being yelled at, because of their subpar servers, then they should shut the company down and leave the advertising business.

Frankly, I am glad to be severed from that company and their joke of an advertising system, which benefits the bigger bloggers and leaves the smaller people like others and me on there in the cold. Therefore, I can honestly say, there was no big loss, at least not on my part.

In conclusion, I simply say to Blogads —- Goodbye and good luck. I wish you the best; however, I suspect that BlogAds will be going the way of other foolhardy ad businesses of the pre-economic bubble era — out of business, especially if they continue with this philosophy that the staff is always right.

New Lower Prices on Ad Spaces

Just thought I would let all my readers know, that I have dropped my prices for premium ad space on here.

Click here to look at the prices on the left side and click here to look at the ones for the right side. (they’re the same…)

I also have an ad space at the bottom. It’s all done through BlogAds, which has some very cool Ad Networks at well. I belong to the following:

If you like, you can support the bloggers on these ad networks. For what it is worth, I accept most ads. Except for anything of an “Adult” Nature or anything, that I feel is of a liberal nature as well. I always approve all ads, before I display them. It is all done through PayPal, so, I don’t hassle with the money.

My Ads are the lowest in the business, I tried raising them, but I guess people just are not buying high priced ads. So, they’re back where they belong; low, so everyone can afford them.

So, if you’ve got a start up business, a special interest group or a PAC, advertise here at Political Byline!