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We’ve warned repeatedly to never sell the
market manipulation committee (FOMC) and their gang members short. I suggest
they have a pot full of ideas to skate over this very thin fiscal ice. This
is an election year and the Boyz will do anything
to make incumbents look like economic supermen. We all know they’re 70 pound monetary
weaklings but also legendary escape artists with public relations tools
extraordinaire. Watch for a stock rally until April Fool’s Day. How
appropriate is that?” - Traderrog
Barchart.com Explains TSLF: Totally Selfish
Loose Funding
"The FOMC committee held a 90-minute conference
call last night to discuss and approve the new facility, which was approved
unanimously. The FOMC also approved an increase in its dollar swap lines with
the European Central Bank, the Bank of England, and Bank of Canada, thus
providing those central banks with additional access to dollars. In a
coordinated move, all three of those central banks plus the Swiss central
bank injected a total of about $45 billion of reserves into their respective
banking systems yesterday to relieve global inter-bank lending dislocations. The
new facility is called the Term Securities Lending Facility (TSLF). This
adds to the already-existing Term Auction Facility (TAF), which the
Fed has been using in place of the discount window to lend to banks on a
longer-term basis with a wide variety of acceptable collateral including
mortgage-backed debt. The Fed last week announced an increase in its TAF auctions to $100 billion for March from $60
billion last month." –Barchart.com Morning Call 3-12-08
(Editor: This stuff is PR pap to pump markets. Real help is absent).
Entering Phase Two of Global Crack-up Boom
Notice they term the collateral as “a wide
variety of acceptable collateral including mortgage-backed debt. What
this means in real terms is The Mystery Committee will take any banks’
un-salable paper trash these lenders and others
cannot price nor sell. This garbage has no value whatsoever as it is not
trading, has no actual price, and ought to be vastly written-off or, written
down. They can’t do that or the entire system would implode. We are now
in Phase Two of the Global Monetary Crack-up Boom.
The Mona Lisa Picture of Market Intervention. S&P
500 Intra-Day 11:45 AM 3-11-08 TSLF Stock Boomlet
Kicks-Off.
U.S. Dollar Continues Bumpy Failure to Bottom
Intraday Dollar June, 2008 Futures 3-12-08 Tumbles
to 72.90 Support.
Dollar’s new main, lower support is 70.90 and
70.70. Should 70.70 be violated and confirm on a close, look out below.
Dollar’s Damage Will be Excruciating
Is this a messy chart or, what? The United States
Dollar seemingly cannot get a grip as the FOMC, United States Treasury and
foreign central banks have instigated policies designed to save their
respective economies letting the dollar fall into oblivion. As one analyst
said yesterday, “We’ll fix the economy first and worry about
inflation later.” We’ve got some news for him; the USDX is the Reserve
Currency for 85% of the entire world. This destructive posture is ruining America’s
core asset valuations and dragging down other nations as well. If this
situation skids into hyperinflation (maybe fall, 2008); all will be totally
out of control. The Green Man, Chopper Ben, and Good ‘Ol Hank at Treasury will be running to find some new
addresses off this planet.
April Gold Futures Give Perfect Bull Continuation
Triangle. Rally Ahead.
May 2008 Silver Futures Show Similar Triangle. Notice Opens and Closes Stuck Near 19.80. Silver Does Not Want to Sell.
May Copper Weekly Futures Temporarily Peaked. Hard Resistance is $4.
Copper is a primary indicator for precious metals,
bonds, and the general health of business and industry. It is a major
component of electronics, autos,
and construction. This weekly chart has formed a bugle pattern, which is
bearish. Note lower, lows from last April until a December, 2007 bottom. The
top channel line for the same period gave us four larger tops with the last
one ending near March 1.
Copper is tricky to interpolate as it’s
by-products of gold and silver mining are in long range bull markets. Next,
when general business and manufacturing goes weaker, its price tends to sink.
Another prime factor is the 140,000 tons of copper each day imported into China for
their internal uses and booming economy. We forecast copper to rally for most
of March, then top out and sell similar to last year’s performance. Our
prediction for gold is a $1,050 high for spring. Silver could hit our
objective of $22.00 to $22.50. Precious metals share traders should enjoy a
rally for the rest of March.
Big Picture for March, 2008
Watch for rallies in most all markets until the end
of this month. Sometime between March 24, and April 7, 2008, the bloom goes
off the rose and the nasty “Sell-in-May-And-Go-Away” arrives. We
forecast a -24% haircut in most stock shares including precious metals. In
this instance, the baby gets tossed with the gray water. Traders should
prepare and act appropriately selling into strength those shares they prefer
to be out of and wait for a later summer bottom to buy in again. Some smart
traders are all in cash right now planning to buy heavily after the next
lower base has been secured. Others will simply hold and ride out the storm
clearly understanding what lies ahead. Still others will sell half and keep
half. In our newsletter, Trader Tracks, we provide weekly guidance and
extra e-mail alerts to report our best new trades and offer suggestions for
trade management.
Whatever you do, make a concerted effort to stay
with the trend and hang onto your core holdings of preferred shares, cash,
and coins. Physical gold should never be sold or, traded but rather
accumulated steadily on a monthly savings plan and squirreled away. Big
traders are always ready to buy on the dips and normally never sell their
gold and silver. You would be amazed how quickly your physical gold and
silver will accumulate using this strategy. - Traderrog
By : Roger Wiegand
www.webeatthestreet.com
Roger Wiegand is Editor of Trader
Tracks Newsletter and of the Rog Blog at www.webeatthestreet.com. Roger provides recommendations for
short and longer term trading using stocks, futures and commodities with
specifics.
Contact Claudio Bassi, at Trader Track’s New York City publishing offices for a
trial subscription. Call
718-457-1426 Monday through Friday, 9:30am to 5pm or, e-mail cbassi@miningstocks.com
Recommendations
made in “Trader Tracks” are exclusively those of Roger Wiegand
and the publication is also exclusively the editorial content provided by
Roger Wiegand. TAYLOR HARD MONEY ADVISORS, INC.
(THMA) LOCATED AT 33-42 61ST
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ASSISTS IN THE MARKETING OF “TRADER TRACKS.” However, the
views expressed in Trader Tracks do not necessarily reflect those of THMA
(Website: www.miningstocks.com). Because
individual investment objectives vary, this summary of investments should not
be construed as advice to meet the needs of any particular reader or
subscriber. Opinions expressed in Trader Tracks are statements of judgment
expressed at the date and time they were written, and as such, are subject to
change without notice. Roger
Wiegand is not a CFA nor an
investment advisor, but a private individual who studies the markets
extensively and offers summary opinions. Before any type of investment is
made, you should always seek advice from your attorney, CPA, registered
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statement or expression of any opinion expressed herein constitutes an offer
to buy or sell the securities mentioned herein. Trading futures contracts may
not be suitable for all investors. You may lose a substantial amount of money
in a very short period of time. The amount you may lose is potentially
unlimited and can exceed the amount you originally deposit with your broker.
This is because trading futures is
highly leveraged, with a relatively small amount of money used to establish a
position in assets having a much greater value. If you are uncomfortable with
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broker, contact mine, Ryan Olson, Managing Partner, Jackson-Olson commodities
at 800-352-5228 or by e-mail rolson@jacksonolson.com Contact Jackson-Olson
Commodities, LLC, 5510 Abrams Road, Suite# 101, Dallas,
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Information
contained herein is obtained from sources believed to be reliable, but its accuracy
cannot be guaranteed. It is not intended to constitute individual investment
advice and is not designed to meet your personal financial situation. The
opinions expressed herein are those of the author
and are subject to change without notice. The information herein may become
outdated and there is no obligation to update any such information. The author, 24hGold, entities in which they have an
interest, family and associates may from time to time have positions in the
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