Friday, September 9, 2011

Weekend cinema & library (updated Sat 1000 pm HST)


2:05 pm (Hawaii) Is it crazy to propose that FAZ will hit 100 at some point? It was there just a year ago. I'm not gung ho on a straight-up run to 100; I expect a last-ditch push by the makers of fiat/Keynesian monetary policy. That would push FAZ back down to 55 or 50, but that will likely be followed by continued collapse in the bankster system and a ballistic surge by FAZ to 100 and probably higher.

So why didn't I go long FAZ today? I actually played it near the high and took a tiny loss. The time to get in was in the past week when it was at 55. Or last week at 50. I prefer not to chase, so I passed at 58 and again today. We'll see what kind of ludicrous new plan the banksters contrive over the weekend to try and save the Euro. I'll be looking to scale into FAZ and/or DGP on weakness at that point.

FAZ daily (quarter)

Trying to analyze an ETF/ETN, especially a 3x bear or bull, is an act of fantastical authoring. Yet, I'll try. FAZ hovered from 40-48 for several weeks before finally making a move to 50. Viewing the volatility with a megaphone perspective (borrowed this from Turd Ferguson's gold charts), the midline shows FAZ now back at the upper level of the lower channel today. It had previously been support level. Also built in is a very recent pennant, very steep, that tells me FAZ will make a drastic move very soon. That fits, more or less, the state of the financials and the buildup of tension in the Euro and banksters on both sides of the pond.

To the upside, I don't even really want to think about that. Clearly, if FAZ continues along this midline — which is perfectly reasonable an expectation — 100 is in the works without a whole lot of effort. It would take something drastic, say an executive order by Obama that requires banksters to release the billions they received in bailout money, to reverse this trend. Maybe.

To the higher upside, it's a move to (practically) infinity. That's totally preposterous and if things really rolled off the tracks and off the mountain, we'd probably see a complete upheaval of the modern stock market as we know it rather than FAZ at 1,000. Mathematically, it's possible. I don't expect it whatsover. Not one bit.

As for Europe, Jim Rogers, the prescient one, expects the dominoes to fall quickly now that Greece is finally down for the count. See the video link below (CNBC).

(new) Gary North: Mass inflation, yes; hyperinflation, no (Sept 10)
(new) Bill Watkins: Could the presidential election turn on a dime? (Sept 10)
(new) Turd Ferguson: More on PAGE (Sept 10)
> Interview with Pan Asia Gold Exchange senior vice president Graham Newall
(new) Le Fly: The decade that destroyed the West (Sept 10)
> "I was in front of the towers when the airplane struck. ... It was horrible, but it's time to move on. After a decade of national paranoia and misguided wars that bankrupted the treasury, I believe that the best way we can honor our memories of those who perished is to get our heads out of our collective asses and fix America."
King World News: Eric Sprott: From here silver is a 30-bagger to $1,200 (Sept 9)
King World News: 'I totally disagree with Paul Krugman' (Sept 9)
King World News: Stephen Leeb: Expect enormous gains in gold, silver (Sept 9)
Le Fly: Teetering (Sept 9)
> "We are this close to a market rout of monumental proportions. The republicans would rather see the country burn down than help Obama by staving off a market panic. They will induce one. Bank on it."
Turd Ferguson: The battle continues (Sept 9)
chessNwine: McExhausted, indeed (Sept 9)
Le Fly: AUDIBLE: Preparing for a crash (Sept 9)
(new) Gary North: How Dave Ramsey made $55 million by being a loudmouth (Sept 6)
(new) Gary North: Sovereign debt, sovereign bank runs (Sept 3)
> "Greece is now paying 43% per annum on 2-year bonds. This is a loan shark interest rate, but it is not the Mafia that is acting as the lender of last resort. It is the European Central Bank." 

(new) Alex Jones: Elite banking cartels going for broke (Sept 10)
(new) silverfuturist: Warning for silver investors! (Sept 10)
(new) Keiser Report: Passing fiat cash grenade (Sept 10)
(new) chessNwine: Market overview (Sept 10)
(new) george4vlogging: California foreclosure mess (Sept 10)
(new) george4vlogging: San Clemente pier after sunset (Sept 10)
(new) ScrapGoldBusiness: US Mint officer admits taking $2.4M worth of coins! (Sept 10)
(new) BrotherJohnF: Silver update - ABCs (Sept 9)
(new) SGT Report: Bilderberg Group, press & 9/11 (part 1) (part 2) (Sept 9)
(new) bigdad06: Gold/silver ratio (part 2) (Sept 9)
(new) Endless Mountain: Silver multiple time frame (Sept 9)
(new) bullorbearreport: Obama's plan a failure (Sept 9)
visionvictory: Response to Obama's job act speech (Sept 9)
(new) Alex Jones: Gerald Celente: The Winter of Discontent (part 1) (part 2) (Sept 7)
(new) NewAmericaNow: Economic collapse approaches (Sept 7)
(new) RealTalkification: Hitler finds out there will not be a QE3 (Aug 17)
(new) SOCKOFAN1: Hitler gets a margin call (Sept 15 2008)

(new) Goldseek Radio: Chris Waltzek, Bob Chapman (Sept 10)
Blog commentary
California Lawyer:
New ruler of Europe? (Sept 9)

Metal bling
RyanB0011: F15 Silver Panda (Sept 10)
RyanB0011: F15 Canadian Silver Maple Leaf (Apr 27)
AgentPur1OZ: My little Maple Leaf collection (Mar 29)
TheBullionBoy: Large silver & gold bullion collection (Dec 7 2010)


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