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Adam Hewison at MarketClub is going to be doing something a little bit different today as he analyzes the forex markets. Examining the forex markets is nothing new, but he has never gone through 13 pairs of cross rates on the fly. He also shows you a quick and effective way to analyze the dollar index at the same time.
In his new video he looks at all the major cross rates in a way to quickly tell if you should be in or out of the market.
Hes basing his forex observations on the Trade Triangle technology and will gladly show you how he applies them to any currency cross rate. It is a quick and easy lesson that will show you exactly what he looks for when hes going to go into a market.
The video is free to watch and there is no need to register. I would love to get your feedback about this video on our blog.
Follow me @movermike
Caterpillar CEO James Owens admitted Wednesday at his company's annual stockholder meeting that the carbon caps his company supports could hurt the U.S., U.S. heavy industry and Caterpillar itself.
Owens made the admission in response to questioning by Tom Borelli, director of the National Center for Public Policy Research's Free Enterprise Project, who attended the meeting on behalf of the Free Enterprise Action Fund.
Owens told Borelli and stockholders that the U.S. and Caterpillar will be harmed if carbon caps are adopted by the U.S. but not adopted by the rest of the world.
The key industrial nations of China and India are extremely unlikely to adopt carbon caps.
Borelli also asked Owens how Owens would be held accountable if Caterpillar's lobbying led to "a regulatory avalanche leaving the U.S. in an uncompetitive situation." Owens responded by telling Borelli to just sell his stock.
I am continually puzzled by seemingly intelligent people who vote against their own interests. Owens is literally, flipping you off. You, the workers of America, are being sold a bill of goods about cap-and-trade, presumably to protect the environment from CO2 and (gasp) global warming. Nevermind that the connection between the rise of CO2 and global temperature rise has been severed.
To vote for Cap-and-Trade knowing your business will suffer as will business in America, is committing suicide. How dare this man, who has to know how Obama works by now, put his shareholders last.
The Traders Blog has a warning about this market written by Tony of KhronoStock.com.
He writes that the four most important factors that caused the Great Depression are present in the economy today. In the most scathing attack on the government's reaction to the crisis he writes:
Perhaps the major difference between the current economic recession and the Great Depression is the unprecedented intervention from the Federal government and the Federal Reserve. However, it is our view that such actions will only prolong the inevitable 2nd Great Depression rather than solving it.
He warns that the massive shorting that led to the rally since March, has now shifted with investors believing the worst is over. That road will be littered with heartbreak.
Please enjoy the article and comment below, email me at landfair3554@comcast.net or follow me @movermike
Let's review where we are. The USD has broken through it's last major low, Silver has broken out as has Gold and now we are getting all sorts of experts warning of inflation.
China was the first to worry about its U.S. Dollar holdings. Afraid that their holdings will decline further in value, it has stopped buying Treasurys and has added over 450 tons of Gold to reserves, at the same time indicating it wants to increase that amount to 5,000 tons of Gold, a five fold increase
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Adam Hewison last looked at the British Pound (GBP) on April 8th, and produced a short video explaining why he thought that this market was ready to move
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It appears that we have a breakout in Silver and the ETF SLV. SLV has broken out of a reverse head and shoulders bottom and looks like we are going to be testing the highs. The weekly chart is particularly exciting. It's breaking out of a flag formation, a continuation formation and the target would be back to the highs of $19 to $20. (See Chart).
The Gold RTF GLD is lagging silver, but the chart formation looks similar. GLD Needs to trade above 90 for a breakout to signal a test of its highs. (See Chart)
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I don't know whose FaceBook site I'm on, but this chart tells us everything we need to know to survive the next 10 to 15 years. The Government doesn't want you to know this, and seems content to have you continue losing money by suppressing Gold so you don't hear the alarms sounding
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Imagine, our Treasury Secretary Geithner saying he's open to the idea that the Chinese floated about needing a new currency. The fools are running the insane asylum. After years of our government officials talking about our desire for a strong dollar, it has come to this
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Yesterday, I pointed out that there was a train coming at us. Today, I invite you to take a look at the great video Adam Hewison of Market Club has made a analyzing the S&P and Crude Oil charts. This WILL be the last video with the old charts. You'll soon see a huge change in the charts used in the videos shortly!
I've previewed the new charting system from Market Club. It is fantastic and even easier to use than before. Try it for 30 days for free. Do your own work to protect your assets. Few will have as much interest in you staying solvent as you do
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Comment by Mike Landfair
on The Train That's Coming!
Market Bugle