Weekend Gold, Silver, Oil & Index Charts

Posted on February 28, 2010 at 5:56 pm
Three weeks ago on February 5th, we saw an extremely high level of fear in the market with selling vs. buying volume at a 9:1 ratio. We note that in 2009 this extreme level of fear occurred at the bottom of each significant pullback. Since this panic selling low in February 2010 we have seen stocks and commodities work their way higher, which we expected....
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TCW On Greece: “Let It Burn”

Posted on February 28, 2010 at 11:52 am
Submitted by Tyler Durden TCW, which incidentally is facing some pretty serious problems of its own lately, chimes in on Greece. Komal Sri-Kumar, Chief Global Strategist, is painfully realistic in believing that Europe should be much more worried about keeping the strength of the eurozone intact, and if that means jettisoning Greece, and devastating...
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Prudential PLC Explores Bid For Asian Arm Of AIG

Posted on February 28, 2010 at 10:39 am
Business Insider (AP) Prudential PLC, Britain’s largest life insurer, is exploring a bid for the Asian life-insurance arm of American International Group Inc., according to media reports Saturday. The Wall Street Journal, citing people familiar with the matter it did not name, reported a deal could come in a week. Prudential would pay with a...
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Zero Hedge Even Goldman’s clients are increasingly challenging the firm’s unrelenting bullish outlook: David Kostin says: “Our view that S&P 500 earnings will approach prior peak levels in 2011 represents a key argument supporting our bullish view on US equities. However, it remains the single most contentious point in our recent...
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Market Rallies Getting Weaker and Weaker

Posted on February 27, 2010 at 3:44 pm
David Banister is the Chief Investment Strategist for ActiveTradingPartners.Com and for the soon to launch TheMarketTrendForecast.Com.  You can review all of our offerings at www.thetechnicaltraders.com This is a commentary on the SP 500 index and the broader NYSE index.  As I often mention here for Partners, we try to work in probabilities and then...
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Courtesy of JESSE’S CAFÉ AMÉRICAIN There are a fair number of private and public forecasters that I know who anticipate a significant market decline in March. Let’s review where we are today. The Bear Market of 2007-2009, marked by the Crash of 2008, was a massive decline in equity prices precipitated by the bursting of the credit bubble centered...
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Bombshell In AIG 10Q: “Capital Relief”

Posted on February 27, 2010 at 11:35 am
The Market Ticker Now that I’ve had to time to read the entire AIG 10Q there’s a nasty ditty in here that in my opinion goes materially beyond the “going concern” language.  It’s here: A deterioration in the credit markets may cause AIG to recognize unrealized market valuation losses in AIGFP’s regulatory capital...
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Kenneth Rogoff spoke with CNBC today about the threat of sovereign debt crises today. The Key Points: When countries hit gross government debt as 90-100% of GDP, problems are bound to arise. If countries go too long with stimulus it can leave them in a debt trap and with prolonged slow growth. The U.S. has been in ‘default’ before —...
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THE CYCLE OF DEFLATION

Posted on February 26, 2010 at 9:08 pm
Courtesy of The Pragmatic Capitalist By Comstock Partners: We have been strong believers in the deflation theme since we have been writing these reports beginning in early 2000 (and even before).  We are attaching a chart depicting the “Cycle of Deflation” which you should print out and refer to as you read this comment. As you can see by the...
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Worry about California, not Greece

Posted on February 26, 2010 at 5:03 pm
By Tim Ianoco Barron’s reports that JP Morgan chief Jamie Dimon is a lot less concerned about Greece and the euro than he is about California and its growing budget troubles. Like the Greeks, officials in the Golden State had to cancel a bond sale this week and the two are competing for the top spot as poster-child for government overspending. “Greece...
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Can Palm save itself?

Posted on February 26, 2010 at 5:00 pm
The mood at Palm Inc. is darker than at any time in its recent history. Last year Palm bet its future on WebOS, a new smartphone operating system that wowed analysts and tech reviewers. But sales have not followed. After the company warned its revenue would fall short of expectations, investors are openly discussing whether Palm can continue as...
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The S&P is becoming tightly coiled

Posted on February 26, 2010 at 4:11 pm
T3Live The action in the market this week has been reminiscent of the classic movie, Rocky IV. Rocky takes punch after punch directly on the chin from Ivan Drago but simply refuses to go down. His opponent, tired and despondent, eventually succumbs. A wave of negative economic news stories has hit the airways this week, but this resilient market just...
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Use Bar Chart Patterns To Spot Trade Setups

Posted on February 26, 2010 at 4:09 pm
By Nico Isaac For Elliott Wave International’s chief commodity analyst Jeffrey Kennedy, the single most important thing for a trader to have is STYLE– and no, we’re not talking business casual versus sporty chic. Trading “style,” as in any of the following: top/bottom picker, strictly technical, cyclical, or pattern...
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