Tuesday, August 31, 2010

Charts

Note: click on any chart to enlarge


DOW Chart looks bearish with a falling MACD (bottom of the chart), but it is a bit oversold right now and has a rising Full STO (top of the chart). I anticipate we'll see a bounce back to the 50 day moving average (MA 50 - blue line) before the next MAJOR downleg - a decline that is already baked into the cake.

(Note for the record: I believe the DOW will take out the Mar 09 low of 6,400 before this "Economic Depression" is over - and it may ultimately fall much more than that - Sub 1K DOW)



S&P 500 chart is nearly identical to the DOW chart above - a small bounce up to the 50 day MA is more likely than a large drop from here



Gold is looking quite strong with a bullish (rising) MACD, though a bit overbought for the time being. That's not to say we can't reach a new all-time high from here (it is possible), but a short-term pullback (falling Full STO) can be expected at anytime




Silver Chart is very similar to gold, with a rising MACD, but the Full STO illustrates a slightly less overbought condition. Note: Many folks are calling for A MASSIVE price surge once $21 is decisively broken. Some are even targeting $27-30 within months... Silver could become interesting soon.



Dollar... Hmm. Could go either way from here. The US Dollar index has been hugging its 50 Day MA for a while now and the MACD, though rising, looks like it may be starting to turn downward (note the downward sloping black line). A very tough one to call for the short term, but I have no doubt where it's headed over the longer term.



So where is it headed for the longer term you ask? Well, let me put it this way: No country in the history of the world has ever been successful in printing their way to prosperity - and the US will be no different.

Bottom line: The US dollar index is going to ZERO over the longer term



Regards

Randy

Sunday, August 29, 2010

Peter Schiff on MSNBC 25/8/10

Superb interview w/Peter Schiff discussing housing, debt, funny money, moral hazards, Congress, etc.

Bottom line: many dangers lie ahead with the likely end-game being a inflationary depression.

Saturday, August 28, 2010

Weekend Funnies 28 Aug 2010

Click any image to enlarge - enjoy!




























Monday, August 23, 2010

U.S. Deficit $202 Trillion

"Enron Accounting" Has Bankrupted America: U.S. Deficit Really $202 Trillion, Boston University economics professor Laurence Kotlikoff says.

As the deficit grows so does the national debt, which is currently more than $13.3 trillion, according to official figures.

But the situation is actually much, much worse.

“Forget the official debt,” he tells Aaron in this clip. The “real” deficit - including non-budgetary items like unfunded liabilities of Medicare, Medicaid, Social Security and the defense budget - is actually $202 trillion, the professor and author calculates; or 15 times the “official" numbers.

“Congress has engaged in Enron accounting,” says Kotlikoff, who recently penned an op-ed for Bloomberg entitled: The U.S. Is Bankrupt and We Don't Even Know It...




Yahoo link

Saturday, August 21, 2010

Weekend Funnies - 21 Aug 2010

Click any image to enlarge - enjoy!










































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