I was thinking the same thing…good for you writing it out…

a valued, friendly and educational website. Greetings, Gents. Equiz.

http://www.theonion.com/content/video/obamas_home_teleprompter?utm_source=videoembed

I just reread my last post to you. I was very unkind. I’m sorry. It was late at night and I should have been tucked up dreaming sweetly instead of stirring vitriol to scatter in your direction. You might have reminded me of that quote from Richard Russell - the one to the effect that he who pontificates loudest knows the least!

Candidate Obama criticized McCain’s spending freeze idea as ‘hatchet’

http://rawstory.com/2010/01/candidate-obama-criticized-mccains-proposed-spending-freeze-hatchet/

So… Prechter made a good call 23 years ago… must have been the highlight of his career.  Geez I love to make fun of that guy.

Sure you can come with me.  But you need to bring your own space suit. 

Yeah ,,,,we just broke the neckline in silver …let her run….then test and gooooo

….geez…Prector ?

….is he stillaround ?….cant have much of a following

….He wont really be right until Gold hits 200

….cheers FGC

….I have been hearing about that…thanks for the article…

..Yes….they remove the bacteria….but….then what?

….still a big hole with undermined enamel…still gotta drill

…and what about interproximal decay…..

….Lookslike they are being optomistic….but any new technology is greeted with schepticism I guess

Stimulus Bill to Cost $75 Billion More Than Expected, CBO Says

FOXNews.com

The whopping $787 billion federal stimulus package passed by Congress last year is now expected to cost $862 billion over the next 10 years, according to the Congressional Budget Office.

http://www.foxnews.com/politics/2010/01/26/stimulus-cost-billion-expected-cbo-says/

Posted: Jan 26 2010     By: Dan Norcini 

Dear Friends,

The market seems a bit confused in today’s session as conflicting trades could be seen across a variety of markets. The Yen and the Dollar were both higher as those currencies generally benefit when the “risk averse” trades are in play. The bond market moved higher with prices making a 5 week high before setting back slightly as that market too was the recipient of safe haven flows. Commodities were generally out of favor today leading to weakness in both silver and copper, yet gold was higher nonetheless. I prefer to see this as a good sign as it testifies that gold is not being completely overwhelmed by hedge fund algorithm-based selling but seems to have currently a long side sponsor down near and just below the $1100 level. This level is important from a technical perspective so the big sponsors of gold will have to stave off the bearish assault aided by speculative long liquidation out of the managed money camp to prevent further liquidation.

The mining shares as indicated by the HUI bounced higher following gold bullion at least for today but that index has a fair amount of work to yet accomplish before technically oriented buying will increase. For starters it will have to climb back above 437 – 438 to spook the recent bearish converts along with the usual always-present sellers in that sector.

The bonds are worth watching right now because they have just about completed a 50% retracement of their latest decline that began in late November and continued into the end of the year. You might recall that was when a wave of “happy talk” was dominating the US markets with the Santa Claus rally in equities in full swing. The New Year brought the stark realities of an economy that is moving in its “L” shaped recovery however instead of the big “V” that many analysts had convinced themselves was shortly in order. With what is occurring in the states across the US, this “L” recovery runs the risk of looking more like a pause in an impending storm. For whatever reason, the bond market is suspicious of improving economic conditions to begin this new month of the year and has taken long term yields much lower than when the markets opened for trading at the beginning of this month. A push through today’s high that has some legs to it and the bonds will have voted what they are looking for.

I am not reading too much into today’s bounce in the equity markets mainly because after falling vertically as they have, some profit taking by shorts ringing the cash register is not out of order. Technical momentum is negative in the equity markets right now so before the bulls can get too happy about today’s bounce higher, they will need to take prices back up through last Friday’s high to recruit more converts to their side.

The Dollar’s move higher has brought it back into the same zone where it encountered some strong selling resistance back in December last year. There are bearish divergence signs showing up in many of the technical indicators that I employ which in themselves, do not mean that much, but which give reason for traders to be alert for signs of an upside failure. Dollar bulls will have to be able to muster sufficient force to take the USDX above 79 and keep it there for a couple of sessions if they expect further upside. While the bulls have managed to put in a short term bottom in the greenback, they have yet to overcome the rather resolute selling that has surfaced in the last few days. Stay tuned as this one plays itself out.

Friday’s session will bring in some end-of-the-month positioning as next Monday begins the trading for a brand new month. Expect an increase in volatility which is hard to believe considering where we already are in regards to these herky-jerky markets.

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

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www.cnbc.com/id/15840232?video=1396413013&play=1

Imaging scanners at airports….hmmm..there goes the gold coin deal…soon nothing moves…land and sea are only alternatives…but I repeat myself……opps who says that…

But I’d pass on viewing this as a valid pattern comparison.  The decline structure’s are two very different animals…

As you know…I’ve studied crash patterns my whole life.  It’s a complicated subject…smile.

TCG

P.S.  I looked back at my call in Wanka’s, it’s not a guess…guess contest.  1010 +10/-10, still looks right on cue.  I think you’ll get a decent bounce from this level.  It should come sooner…than later…at least that’s my view from looking at the GLD, where 99 and change is screaming at me…I’ll refrain from commenting further other than to say be careful out there.   I’ll drop back in when it’s hit.

I find this article less interesting than confusing since it states that “dentists use handpieces to ‘clean bacteria out of a cavity’ ………………etc.”  Are they suggesting that one would not need to remove carious dentin?  Certainly, a handpiece is not used to “clean bacteria out after a prep is done”, though there are several anti-microbial choices available.  (Maybe Brrrmyster needs to do some studies with ASAP.)  Anyhow…… article, below………..

http://news.bbc.co.uk/2/hi/health/8470827.stm

No worries just sharing

www.pseudoanonymous.com/?p=1309

An EU-US joint declaration on aviation security shows the powerful influence of US homeland security policy

When the US secretary of homeland security comes to town, they rarely go back empty-handed. And so it proved at the EU’s informal meeting of justice and home affairs ministers (from all 27 governments) in Toledo, Spain, last week.

As expected, an EU-US joint declaration on aviation security was agreed, which included the use of biometrics, passenger screening and the “identification of illicit materials” through “enhanced technologies” (eg body scanners, which in effect strip people naked). US demands steered the EU to making a change to its planned EU-wide PNR (Passenger Name Record) system and to get a promise that the delayed Swift interim agreement on the transfer of all financial transactions in the EU to the USA would be fast-tracked.

…

There is not much about the time comparisons that I like, but I do find the pattern form interesting.  I have not had any time to consider it.  One major problem is the the chart of the Nasdaq is from a period of Dollar inflation, where the chart of the 29 Dow is from a period of Dollar deflation.

http://nedgrace.wordpress.com/2009/02/27/incredible-chart-comparison-of-dow-industrials-1928-1938-to-nasdaq-100-1999-2009/

Thanks for keeping our man on the front burner…Good old Aaron…what a guy ..I really liked him..

www.youtube.com/watch?v=YGAaPjqdbgQ&feature=related

www.rutilusallec.com/?p=5334

Why, in a period of only two days, has the security level in the United States been upgraded from “substantial” (an attack is a strong possibility) to “severe” (an attack is highly likely), even though our Home Secretary stressed that there was no intelligence suggesting an attack is imminent? It’s all about the four Ps: pursue, prevent, protect and prepare. However, perhaps those four Ps really stand for “Panic People and Prevent Privacy.”

Could it be a diversionary tactic to strengthen an ailing leader’s popularity? You know what they say: When you are at an all-time low in ratings, start a war or create a “false flag” to panic your public! Once you have stirred them up into total hysteria, you can implement additional security measures that give more power to the government and less freedom to the public.

The threat upgrade also happened to coincide with two very important conferences in London — one for Afghanistan and one for that new kid on the block, Yemen! Could this be an attempt to add strength to the new wave of political maneuvering prior to the election? Or to provide justification for our presence in Afghanistan? Or maybe even to build support for providing development and military aid to Yemen, even when the domestic economy is cash-starved?

…

I’ve carefully considered all time frames before acting…I specifically mentioned GS, not the DJI…but the same applies.

TCG

What time are you leaving and can I go along for the ride? 

p.s.   Sue has just shown how bad CNBC has gotten - the best she can do is remind people that he made a good call in 1987 - nothing about how he has been wrong ever since!