Courtesy of Mish Here is an interesting video courtesy of Godlike Productions The conversation goes on pretty smoothly until the end when Romney attacks Ron Paul prompting the radio host to call Romney an ahole then launching a tirade …. I’ve had it with these elitist “F”s. It does not matter who you vote for Obama, Hillary, McCain,...

Don’t blame Martin Van Buren for America’s first deflationary depression. Social mood rode higher in the saddle than did our 8th President, who only stood 5′ 6″. Elected in 1836, by the time Van Buren assumed office in March 1837 a speculative bubble had burst and a banking crisis was at hand (sound familiar?) — the national...

It appears that Berlusconi will resign after 2012 Budget is approved. BREAKING by Tyler Durden Just out from Bloomberg: BERLUSCONI TO RESIGN AFTER APPROVAL OF AUSTERITY LAWS ITALY’S PRESIDENT NAPOLITANO COMMENTS IN E-MAIL STATEMENT ITALY’S BERLUSCONI TO RESIGN AFTER APPROVAL OF AUSTERITY LAW ITALY’S PRESIDENT TO START CONSULTATIONS...

by Karl Denninger I can go ahead and attach the tag “Socialist” to Bernie Sanders without fear or favor, seeing as he’s a self-proclaimed socialist.  None of this does or should change the narrative though when someone pops up with an idea: It should be judged on the merits. Bernie gets a number of things right when it comes to...

“Anyone with a ________ method and a dart board could make a million dollars.” That’s how one famous trader described the market during one of his most profitable periods as a trader. Andy, the engineer who turned $1,600 into $1.4 million in five months during 2011, says that statement perfectly describes his recent success. (If you missed...

Jordan Roy-Byrne, CMT  |  Nov 08, 2011 Gold is in a bull market and so are the gold stocks despite their struggle as a group to outperform Gold. This is nothing new though. We’ve written about this in the past and Steve Saville has before us. Nevertheless, the miners are in a secular bull market and investors need to pick better stocks and...

Egypt currently has a total electricity capacity of about 23,500 megawatts, which the government hopes to increase to 58,000 megawatts by 2027.   A prime potential element in increasing this electrical output?   Renewables.   One might think, given Egypt’s climate, solar?   Wrong again – wind power, which currently contributes...

Fallond Picks Today’s finish was a continuation of Friday’s action. Market were able to push it a little further by ending the day at the highs. The only disappointment was the lighter volume (very light volume). The Nasdaq was to able to finish the day above its 200-day MA. Technicals are wavering with the MACD on a ‘sell’ trigger...

by Tyler Durden Submitted by Charles Hugh Smith from Of Two Minds Financial Cancer: Our Financial System Is Intrinsically Fraudulent and Unstable Our financial system is like a fast-mutating cancer that evades any control and is still perfecting its ability to game and loot. Two frequent contributors provided fresh insights into why the current global...

This is a great story. Andy is an engineer who trades gold and silver part time. On April 29, 2011 he had less than $1,600 in his trading account. In the five months that followed, he turned it into $1.4 million. You can click here to get his story and the secret behind his success. What fascinates me is that he uses a fairly simple trading strategy....

by Tyler Durden One of the long-term recurring themes both here and in other more objective media, has been the encroaching domination of the central planning regime, or monetary authorities, read central banks, in the domain of capital markets and overall broad sovereignty, to the point where there is neither technical nor fundamental analysis left,...

We ended last week’s newsletter “Europhoria” less than europhoric, with Phil’s statement, “We take a series of BALANCED trades – SELLING as much premium as we can so that time (theta decay) is always on our side. We take our profits off the table and, when we have to, we take our losses. However, we try to adjust the losing sides...

by Tyler Durden The last few years have exposed many of the previous masters-of-the-universe for the beta-hugging, momentum-chasing, herd-like leveraged (and occasionally unethical) monkeys that they are. There are many exceptions to this rule, however, and some research by Oxford University sheds some light on how future performance of a hedge...

With all eyes on the unemployment report and Europe, the CME Group’s PR Department nearly created an all out panic with their announcement after the market close on Friday relating to futures maintenance margin. The original statement was vague and I was quite concerned until I checked out the CME Group’s web-page and the PR Department sent an update...

Greetings Trader, Due to strong demand, Robert Prechter’s Elliott Wave International (EWI) has extended the time you can get your FREE Best of Trader’s Classroom eBook until November 11! This 45-page eBook by EWI Senior Analyst Jeffrey Kennedy, offers you 14 critical lessons every trader should know, including: Why Emotional Discipline is...