Wednesday, April 3, 2013

System Designed To Collapse Ahead Of New World Currency / April 2, 2013
Today Jim Sinclair spoke with King World News about the tremendous importance of the operation the central planners are executing in key markets right now.  He also told KWN that the current financial system is designed to fail, ahead of the introduction of a new world currency.  Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.
Eric King:  “If you are in the shoes of the central planners here, Jim, what are you executing today and why are you executing this?  For what purpose?”
Sinclair:  “I want the general financial public to accept ‘bail-ins’ as a valid method of approaching further banking problems, which I want to the public to believe will not occur.  In order to accomplish that, those items which trigger an alarm must be muted.
We live in an alarm-less society.  Since Bretton Woods we’ve removed every single economic crisis alarm in currency, bond, and in fact all of our key markets….
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Sinclair – Something Has Western Central Banks Terrified

from King World News
Today Jim Sinclair warned King World News that something clearly has Western central banks terrified right now. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.
Eric King: “Jim, Bloomberg had a story headlining on their site over the weekend claiming that depositors may lose as much as 60% on deposits in Cyprus.”
Sinclair: “This is all because of the one quadrillion dollars in derivatives that are in the financial system. Six years ago the Bank for International Settlements (BIS) at that time reported that the amount of derivatives already outstanding exceeded one quadrillion dollars. This number is unimaginable to most human beings.
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Maxwell Technologies Inc. (NASDAQ: MXWL)

Maxwell Technologies, Inc., together with its subsidiaries, develops, manufactures, and markets energy storage and power delivery products, and microelectronic products worldwide. The company offers Ultracapacitors that are energy storage devices to provide energy storage and power delivery solutions for applications in transportation, automotive, information technology, renewable energy, and industrial electronics industries; and CONDIS high-voltage capacitors comprising grading and coupling capacitors, and capacitive voltage dividers used to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution, and measurement of high-voltage electrical energy. It also provides radiation-hardened microelectronic products, including single board computers and components, such as high-density memory and power modules for satellites and spacecraft applications. The company markets and sells its products through direct and indirect sales for integration by original equipment manufacturers into a range of end products.
Please take a look at the 1-year chart of MXWL (Maxwell Technologies, Inc.) below with my added notations:
1-year chart of MXWL (Maxwell Technologies, Inc.) The trades here are pretty simple. MXWL has been holding a very important level of support at $6 (navy) for almost the entire year. No matter what the market has or has not done over that period of time, MXWL has not broken below that $6 support level. The stock approaching $6 should provide a bounce higher. However, if the overall market were to sell-off, MXWL would most likely break that support and fall to a new 52-week low.
The Tale of the Tape: MXWL has a very strong level of support at $6. A trader could enter a long position at $6 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.

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Trader alert: Corn prices could be making a surprising move

In two days, Corn prices dropped 85 cents, or 11.6% of its value. Is the drop the end of the end or the beginning of the end or the middle of the end?

I have traded Corn since 1975 — initially at the Chicago Board of Trade for a division of Continental Grain Company, and then as a private speculator. I trade markets primarily based on classical chart patterns, volume and open interest,  and an appraisal of the conventional wisdom of market participants.
Based on my experience trading Corn, I believe the huge price decline of the past two days represents the middle of a major correction in Corn prices — that this decline should bring prices to $5.10 per bushel (nearby contract) from Monday’s close of $6.43.
Of course, farmers reading this post will object to this prediction, and claim that such a price decline is against the laws of nature and common sense. Yet, ever since I started trading Corn I have observed that farmers represent a population group that get very rich from land prices, all the while complaining about crop prices. (more)

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Mickey Fulp – Mickey’s March Major Market Review

from Financial Survival Network
Mickey Fulp, the erstwhile Mercenary Geologist joined us for the monthly market mop up. A lot actually happened in March. The stock markets with the exception of the TSX and TSX-V continued their resounding march forward. Metals continued getting beat up, except Platinum and Palladium. The energies were up, especially natural gas, which is currently trading over $4, who would have thunk it? And the dollar, currently being the lesser of the two evils, traded up. It was an exciting month with lots of volatility, which is always a trader’s best friend.
Click Here to Listen to the Audio
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Holland: "An Economy On The Brink"

Infamous for little boys plugging holes with their fingers and grown-ups plugging their mouth with their foot (D-Boom), it seems Holland, Berlin's most important ally in the goal of greater fiscal discipline in Europe, has fallen into an economic crisis itself. As Spiegel reports, the once exemplary economy is suffering from huge debts and a burst real estate bubble, which has stalled growth and endangered jobs.
The statistics make for some worrisome reading: no nation in the euro zone is as deeply in debt as the Netherlands, where banks have a total of about €650 billion in mortgage loans on their books; consumer debt amounts to about 250% of available income - by comparison, in 2011 even the Spaniards only reached a debt ratio of 125%; unemployment is on the rise; consumption is down; and growth has come to a standstill.
The trouble for Holland is that despite their proclamations of the need for Fiscal conservatism, even EUR46 billion in austerity measures are apparently not enough to keep the nation's deficit within the EU debt limit. The Dutch were long among Europe's most diligent savers, and in the crisis many are holding onto their money even more tightly, which is also toxic to the economy, as "one of the main problems is declining consumption."
The nationalization on SNS in February brought this reality home and as Spiegel reports, "there is no end to the crisis in sight."

Source: Spiegel

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