Super Fractal Man…..has been worth the price

Fractal Gold Report for October 1, 2010

By David Nichols
dnichols@fractalpublishing.com

September is now in the history books, and it was a very good month for gold — no, scratch that, it was a great month.

This is precisely the type of monthly breakout candle we’ve been looking for to confirm that gold is launching into the manic last phase of the 64 - 65 month growth pattern.

As far as the timing of this last phase, I can see how there might be some confusion on the labeling of this monthly chart, as counting it out from here — that is, October as Month 62 — works out to January 2011 as Month 65. But I’ve been pointing to February as the target for the 64 - 65 Month peak.

The reason is I went back and took a closer look at the genesis of this speculative pattern, and the initial surge of energy hit in the middle of September 2005. So 64 months from this energy surge works out to mid-January, and 65 months to mid-February.

I also have another very large yearly cycle that is pointing specifically to February 21, 2011 as a potential reversal date, and these yearly cycles are often surprisingly accurate, right down to the target day.

Although the reality of this situation is we have to be vigilant about a potential cycle change from about mid-December into late February. Fortunately there are daily cycles and fractal price patterns that should allow us to pin-point this with a high degree of accuracy. Gold should also be much higher, and much more manic, heading into this top. It should not be hard to recognize.

On Thursday gold got hit with another very quick 38.2% retracement, and characteristically erased the whole decline by the end of the trading day.

This looks like a quick retrace off the new all-time high at $1,317, so this is just the sort of thing that sets up another major push higher, which could come right away, on Friday morning.

The 150-minute chart looks like it’s starting a trend to the downside, but I think this is more a reflection of how consolidated the chart became, so it was easy for any sort of linear movement to start the fractal dimension heading down. It will also be just as easy for gold to reverse this.

Over the next 18 or 19 trading days, gold should be in a cycle where crazy things can happen, including giant upside moves in 2 or 3 days, and perhaps a sudden major retracement thrown in to keep everybody from getting too comfortable.

The $1,420 target is well within reach by late October, and if things get really crazy, gold could even push up to $1,480 by then. September should just be the warm-up act for October

gold-bubbles.jpg

And Check this out from Bix….holy molars…Dennis Gartman

www.roadtoroota.com/public/392.cfm

Bix Weir …US Prepares for the Gold Standard….

….say what you will about this “Lunatic”….but this work is extremely well researched and well documented….and I for one do not write his theories off….Read this Please

www.roadtoroota.com/public/350.cfm

Samb…and….Now Rosen is calling for….get this

….a Huge Rally in S and P……Its abc correction is done and It will be on to new highs soon…..

….by the 2012 election…and he predicts that as a result….obama will definately be re elected

…..and at the same time a rally in the Dollar

……so we are going to have massive deflation and a HUGE rally in stocks !

……Moron !

golden maples,

good post on how to get along with the locals in latin america. it reminded me of my experience in france in 1965. all my life i have heard how ill tempered and surly the french were toward americans. my experience was almost the exact opposite. i found them to be friendly and interested in me as a person. i think the difference was that from the first, i made an effort to “do it their way.” my grasp of the french language was very poor when i arrived, but i always tried to speak french even when the other party’s english was better than my french. i had an english-french dictionary and a phrasebook both in pocket size. when the french saw me trying to get by in their language and culture, they bent over backwards to be friendly and helpful. in fact, the harder i seemed to be struggling, the more helpful they were. by the time i left five months later, i could understand the lyrics in the french rock-n-roll on the radio.

imagine someone coming into your home and demanding that you do things his way, not yours, and you will begin to understand the origin of the french people’s reputation for surliness

some useful stock share info

from the other board:

The “freebee” approach to short float info
(GladiusMaximus)    Sep 30, 18:07
The easiest place to find this information is by inserting your chosen stock symbol into the “Get Quotes” space in this “Yahoo! Finance” page, HERE

finance.yahoo.com/

Then click on the “Key Statistics” link. Scroll down a bit and look at the right column under “Share Statistics” — here you’ll find the most recent data for.

Remember, the short position as a percentage of the float is the information that you’re looking for. This percentage expresses the number of shares shorted divided by the number of total shares that are free to be traded by the investing public.

key statistics: scrolldown on left side under”company”

Ron Rosen Rant

One Year ago Rosen said” Inflation is Dead.”   1year ago Rosen predicted HUI to 150, Silver to $7.50 and Gold to $650.  All this was supposedly based on his complete and absolute interpretation of Delta points. Well, it didn’t happen. What did happen was that Gold continued to climb higher, breaking out from then $1,000, to over $1,300. today.  Along the way, as the trend began to clearly show that Rosen was wrong, he began a series of Kitco articles strongly mocking any long gold bugs. Said that he would not hold a single share in any PM stock.  After 6 months of not being correct, he saw a potential double top in the HUI, some 6 months after his initial death forecast, and attached to that formation that he was correct all along. Still that formation did not prove true and again Rosen was proved wrong. His time targets were for the completion of this Gigantic smash to culminate in a final Low arriving late October 2010 into perhaps early November, 2010 at election time. All this can be verified via the Kitco archives. So much has he cost his subcribers that …i do not feel sorry for him one bit…just a simple “I called it wrong” would have been enough. More then a bit too late now.

http://www.technicalwatch.com/bpi/goldbpi.htm

It’s been a while since posting, but I like this chart especially at this point in the rally.

Preaching to the choir but this is important.

Foreclosure info:
For all those thinking well it only happens to people who don’t pay their mortgage aka “deadbeats”
this is your wake up call.
You only have to listen to the first 2 minutes and realize whether you have a mortgage or not you can be thrown out of your house by crooks.
This is a blue pill / red pill moment.

www.youtube.com/watch?v=AqnHL…ayer_embedded#!

Equiz 14:11….Maple Leafs and Titanic…ha ha ha

…..You watch…they are gonna surprize this year…..Moving on up…..cause they cant go down

FGC/Dead_Eye/Ipso/Okie/Farmboy and others…..

Thanks for the kind words…..Have been more busy than usual this year. Good and bad I guess. Seems like it takes twice as long to get half as much done. Okie can attest to that. I think of all of you often and look forward to the slower months so I can keep up better. However…..gold and silver have done perfectly well without me putting in my two cents worth….ha!

FGC—I pay attention to Rosen’s material to stay stay on my toes. Even though I mostly disagree. I think the guy is a bonafide bug…..just too much into E-Wave. Way too married to charts.  Ment17 will back me up on that.

All the best to all.——-aggie.

  

The Unflappable Bix….

Our Next President Speaks!‏

Here’s he is again…RON PAUL IS THE MAN!

video.foxbusiness.com/v/4354239/ron-paul-on-eliminating-the-fed/?playlist_id=87185

Mark my words…Ron Paul will be our next President of the United States… probably right after the crash as “We The People” force our current leaders out of office.

HIT ‘EM HARD RON!!!

Bix

beastie - thanks for that article

Interesting reading.

 Whipped dogs sounds about right.

Just heard Tony Curtis passed away last night.


casey article … worth a read

The Dawn of the Super Cyber Weapon

(Chris Wood filling in for David Galland)

Dear Reader,

About a month ago, in this missive we talked about a new war that is being waged across the globe – a war that’s not fought with guns on the ground but with computer code in cyberspace. Well, thanks to a newly discovered, hyper-sophisticated piece of malware known as the Stuxnet worm, this war just got a whole lot more intense and a whole lot more scary. Although the study of Stuxnet is ongoing, more and more cyber-security experts throughout the world are coming to the conclusion that the worm represents something entirely new: “a cyber weapon created to cross from the digital realm to the physical world – to destroy something.”

When Stuxnet was discovered in June, cyber-security experts could tell immediately that the worm must have been created by an extremely well-funded and probably government-backed group due to its sophistication and complexity. It was also immediately apparent that this was the first malware known to seek out and infiltrate industrial control systems of real-world targets like factories and power plants. What wasn’t known at the time was who created it and what the motive was behind it. Was Stuxnet intended to steal proprietary industrial data, or something more sinister?

By August the answer became apparent. Not only could Stuxnet infiltrate industrial control systems and steal data, it was able to take control of the systems it had infected and reprogram them to sabotage operations without being detected by the monitoring systems.

Here’s a slightly technical explanation of what Stuxnet does from Symantec (published on August 6, 2010):

As we’ve explained in our recent W32.Stuxnet blog series, Stuxnet infects Windows systems in its search for industrial control systems, often generically (but incorrectly) known as SCADA systems. Industrial control systems consist of Programmable Logic Controllers (PLCs), which can be thought of as mini-computers that can be programmed from a Windows system. These PLCs contain special code that controls the automation of industrial processes—for instance, to control machinery in a plant or a factory. Programmers use software (e.g., on a Windows PC) to create code and then upload their code to the PLCs.

Previously, we reported that Stuxnet can steal code and design projects and also hide itself using a classic Windows rootkit, but unfortunately it can also do much more. Stuxnet has the ability to take advantage of the programming software to also upload its own code to the PLC in an industrial control system that is typically monitored by SCADA systems. In addition, Stuxnet then hides these code blocks, so when a programmer using an infected machine tries to view all of the code blocks on a PLC, they will not see the code injected by Stuxnet. Thus, Stuxnet isn’t just a rootkit that hides itself on Windows, but is the first publicly known rootkit that is able to hide injected code located on a PLC.

… By writing code to the PLC, Stuxnet can potentially control or alter how the system operates.

As September rolled around, what was known about the Stuxnet worm can be summed up by the following quote:

“It is not speculation that this is the first directed cyber-weapon,” or one aimed at a specific real-world process, said Joe Weiss, a U.S. expert who has testified to Congress on technological security threats to the electric grid and other physical operations. “The only speculation is what it is being used against, and by whom.”

But now, after months of study, the purpose of the Stuxnet worm may be coming to light.

German security researcher Ralph Langner has developed a well-supported and rather shocking theory – the Stuxnet worm is targeted at a single location, which it seeks to sabotage or destroy. At a closed-door conference last week in Maryland, Langner said Stuxnet might be targeting not a sector but perhaps only one plant, and he speculated that it could be a controversial nuclear facility in Iran.

Langner stumbled onto the idea that the Stuxnet worm could be a weapon targeted at a single facility by noticing that the worm lies dormant in most of the systems it infects. After more research, he concluded that the worm is basically “fingerprinting” the systems it infiltrates and looking for very specific traits, remaining dormant if it doesn’t find them. All of this suggests Stuxnet is indeed a specifically targeted weapon.

Furthermore, based on the forensic analysis being conducted, Langner assumed that this targeted attack had already taken place and was successful; i.e., that the Stuxnet worm had already fulfilled its singular purpose. So, he said, “let’s check where something blew up recently.”

Here’s Langner’s theory in his own words:

It is hard to ignore the fact that the highest number of infections seems to be in Iran. Can we think of any reasonable target that would match the scenario? Yes, we can. Look at the Iranian nuclear program. Strange — they are presently having some technical difficulties down there in Bushehr. There also seem to be indications that the people in Bushehr don’t seem to be overly concerned about cyber security. When I saw this screenshot last year, I thought, these guys seem to be begging to be attacked. If the picture is authentic, which I have no means of verifying, it suggests that approximately one and a half years before scheduled going operational of a nuke plant they’re playing around with software that is not properly licensed and configured. I have never seen anything like that even in the smallest cookie plant. The pure fact that the relevant authorities did not seem to make efforts to get this off the web suggests to me that they don’t understand (and therefore don’t worry about) the deeper message that this tells.

Now you may ask, what about the many other infections in India, Indonesia, Pakistan etc. Strange for such a directed attack. Then, on the other hand, probably not. Check who commissions the Bushehr plant. It’s a Russian integrator that also has business in some of the countries where we see high infection rates. What we also see is that this company, too, doesn’t seem to be overly concerned about IT security. As I am writing this, they’re having a compromised web site (www.atomstroyexport.com/index-e.htm) that tries to download stuff from a malware site that had been shut down more than two years ago (www.bubamubaches.info). So we’re talking about a company in nukes that seems to be running a compromised web presence for over two years? Strange.

I could give some other hints that have a smell for me, but I think other researchers may be able to do a much better job on checking the validity of all this completely non-technical stuff. The one last bit of information that makes some sense for me is the clue that the attackers left in the code, as the fellows from Symantec pointed out — use your own imagination because you will think I’m completely nuts when I tell you my idea.

Welcome to cyberwar.

So while Langner is admittedly reticent about his theory, it is a possibility. And if that’s the case, security experts speculate that the worm originated in the U.S. or Israel. But we might not know for some time.

Regardless of specific theories, Stuxnet represents a new breed of threat to all nations’ industrial infrastructure – a guided cyber-missile capable of the same level of destruction as a conventional physical warhead.

Whipped Dogs Rarely Bite

By Vedran Vuk

In 2008, a lot of educated individuals justified the bailouts by warning of riots and social upheaval. Hence, the bailouts were absolutely necessary. If the unemployment rate rose, people would take to the streets. They’ll elect a new Hitler. Society will come to a halt.

Even conservatives and libertarians sometimes make the same argument against their own proposals. If the government lowers welfare benefits, there will be Molotov cocktails flying through the air. I call BS. First of all, economic hardship around the world is nothing new. In fact, it’s the norm. And unfortunately, the average person has an extremely high tolerance for unemployment, scarcity, and tyranny.

Look at the fall of the Berlin Wall. Can you believe that it took so long? I certainly can, because the average person in any society is a whipped dog. As soon as the master takes out the rolled-up newspaper or even hints at it, the dog whimpers and goes back to his corner. Or just look at the travesty during the Great Depression. Unemployment rates were at 25%. And despite years of failed policies, riots outside organized labor were rare.

Threats of social unrest are always presented as one-way streets. We’re always told, “If we don’t bail out the banks, people will riot.” But why not another version, “If we bail out the banks, people will riot.”

Just think of how many abuses the average citizen suffers, yet still does not riot. The government already regulates every aspect of your life and confiscates nearly half of your income. Or what about the porno scanners in airports alone? Overpaid perverts strip search your wife and kids every time that you fly. No rioting still. Why, there’s not even an angry whisper from the Christian Right. I guess they’re too busy protecting the sanctity of marriage from homosexuals. If you ask me, they should be protecting the sanctity of marriage from the perverts and pedophiles at the TSA instead.

We live in a society of whipped dogs. But it’s not just us. It’s true for most societies around the world. Few people will riot over a bit of unemployment.

Even the bailout supporters proved themselves wrong. We were warned that without the stimulus and bailouts,, there would be 10% unemployment. And from there, the streets would fill with anarchy. Well, we’re here at 10% unemployment. Seen any burning cars lately? No, I didn’t think so. Oh wait. I did see some soccer moms holding signs and “Don’t Tread on Me” banners in front of the Washington Monument. Oh my. I’m shivering from fright.

In history, mass riots seem to arrive from two events. Well-organized movements created by special interests – especially labor unions like in Greece. Without the unions, I doubt much hullabaloo would be heard at all. Or, after decades and decades of oppression, an unpredictable spark will set people off. Think Berlin Wall, Romania’s mass protests, MLK riots, etc.

For the most part, individuals in society do not stand up for themselves. That’s far more frightening than riots. I bet that if the United States started to place Middle Easterners and anti-government types into concentration camps, there wouldn’t be a single riot in this country. We’ve seen this happen throughout history time and time again.

Sure, there’s some chance of riots and anarchy breaking loose. But the chances are much higher that others will do nothing while your tax rate skyrockets to 90%, your rights are stripped, and the economy continues to tank. Your fellow citizens will watch injustice after injustice unfold and will not lift a finger to stop it. Fear not riots. Instead, fear the complicity of the masses.

Chris again. Thanks, Vedran. And thank you, dear reader, for spending some time with us today. A quick glance at the screens before I sign off, and I see stocks are down slightly, while crude is up to just under $80/bbl and gold is just several dollars off record highs at $1,307/oz. Now I must run, but first I’d like to thank you for reading this Daily Dispatch and for subscribing to a Casey Research service. See you tomorrow.

Chris Wood
Casey Research, LLC

onthebeach @ 18:01 pm on September 30, 2010

Ya mean the gringas didn’t demand translators? Ya mean translators weren’t available for them on demand?

There is an app for that. …. No really there is.

re: HOW NOT TO GET SCREWED OVER JUST FOR BEING A GRINGO

Ya mean the gringas didn’t demand translators? Ya mean translators weren’t available for them on demand?

—>

The expats living in Latin America that refuse to even try to speak a word of Spanish? Especially those that couple that with a frustrated, exasperated vibe when the locals can not step up and speak flawless English to help them out?

Ororeef @ 17:10 pm

The recovery process might be a little…. ah….challenging!!! LOL!!!

Competing Currency War in View

Jim Willie

 financial sense

Richard 640

I agree that today was a good day for gold. Kudos to the Boyz with what I think were well-manipulated reports. It was also timed with the end of the quarter when the funds would take some profits off their their lucrative stocks(like precious metals).  Hopefully the employment figures work in our favor tomorrow.

Good day

All those commodities that were beaten up this a.m., made a nice comeback. Could be a good day for us bugs tommorrow.

Anyone else getting a whiff of inflation out there?

Oil could get downright scary again.

Tomorrow could be a gonzo day! Today the DOW had an outside day…if the report is

a disappointment, maybe stocks will initiate the October crash sequence-and reverse the best [unjustified] September for stocks in 71 years-[1939]. And gold and silver will make a big move up.

A very positive day for gold-Gold ends the day session [5:15 est] UP 30 cent

“there will be no significant dnside in gold FOR NOW”

Maybe this was a typical Cartel takedown before tomorrows all important September employment report…

Can’t Eat Gold ?

Oh yes you can and it ends up in as good a shape as it was before you ate it .!  Try that with ANYTHING ELSE !

Just TELL the GOLD naysayers who say “you can’t eat your Gold.”

Lets have a contest  ,Ill eat my Gold ,and you eat enything else of equal value  and in the end  I’ll be just as well off financially as I was before ..will You !     hehe