By John Galt December 14, 2011 – 11:20 ET Down over 4% now and looking technically horrid describes the WTI move today. Perhaps Iran should look into more “exercises” in the Straits of Hormuz. Chart from YahooFinance: This could get ugly around 3:30 p.m. ET today without a good rumor or three…..
By John Galt December 14, 2011 – 10:57 ET No sooner than the ink did dry on my 2 out of 3 strike warning, than BOOM. Swing and amiss: (chart from FOREXPROS.com) All bets are now off without MASSIVE INTERVENTION by the central banksters. S&P 1092 could come into play rapidly unless the Forex markets are checked.
By John Galt December 14, 2011 – 10:30 ET I would call this a major concern for those who think that the European crisis is cured or that the markets can not crash in December. STRIKE 1: Gold violates 200 Day Moving Average (DMA) Next stop $1480 and a warning signal of short term deflation on the horizon. STRIKE 2: S&P 500 Violates key Support at 1220 below 50 DMA Next stop, $1152 if the markets can not recover the 50 DMA today above 1220…
By John Galt December 14, 2011 – 09:00 ET No evidence. No witnesses yet numerous soul saw it. No law enforcement involvement because they neglected their duties. And no judicial oversight to punish the guilty even if the evidence is overwhelming. Murder in the first degree is easy if one knows how to do it and this guide will demonstrate a perspective on how to do this with little consequence to those who leave a lifeless corpse on the side of the road, in a…
By John Galt December 14, 2011 – 07:55 ET All you need to know (chart from INO.com): While everyone is focusing on the imploding EUR/USD trade, the EUR/JPY trade is far more fascinating as not only is it approaching the September-October lows, it appears that that the European Union is having to choose between which foreign currency to counter. With a reported dollar shortage in Europe and some Asian nations, the swap lines are wide open but the Euros can’t win in a multi-front war…
By John Galt December 14, 2011 – 07:15 ET The current European implosion is bringing about a probable once in a lifetime opportunity which sadly might just be the last chance this decade to buy physical gold before capital controls worldwide and within the U.S. make it difficult if not impossible. The history of economic strife and plans by world governments to impose massive restrictions on the flow of funds to prevent internal collapse make gold an attractive target for seizure as political failings along…
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