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I did mean bullish flag. I used the SPY chart, but if you zoom out to see all hourly candles since Oct 5 you see that strong uptrend followed by a tight orderly pullback. Perhaps there will be something encouraging to the markets in Bernanke's 1:30 speech. But I recognize this thread is...

Hourly looks like a bullish flag.

Both my daughters could tell you the difference between a fiat currency and a commodity currency and name at least five potential "stores of value" to boot. Zero stock and bond positions? Where is your money? Had to google Everclear. lol.

I agree that buying and selling art and antiques sounds complicated. But I think owning gold could be complicated too. It could see quite a correction shortly after a one-time wealth tax is put in place. People would bid it up ahead of the assessment trying to hide their cash (your bubble...

I am trying to AVOID paying taxes, not advocating for it. But to be honest, I do think that the disparity between rich and poor has grown too great. But to address your post, I don't think anyone is proposing an ongoing 10% tax. Here is France's tax rates: 0,8 M€ - 1.31 M€: 0,55%...

I am unlikely to make all-in kind of moves, but I am thinking that I will proceed with giving money to my daughters perhaps in the form of a trust fund. Other than that I may just spend a little more than I do normally, maybe buy some of those "other tangibles" that suit me, like antiques and...

If regulators step in, what's to say that the price of gold wouldn't collapse? Thank you for replying btw, I think I will head over to the metals forum and do some reading. Wealth preservation is a well discussed theme on ET, but until reading that ZeroHedge article in conjunction with OWS I...

5. What assets might considered taxable? (i.e. stocks and bonds, but what about real estate, gold, art etc). I think it may be stocks and bonds initially and then loopholes will get closed as time goes by, i.e. precious metal purchases will be taxed, real estate transactions, art etc. I...

In a last ditch attempt at generating some discussion, here are my thoughts (amateurish as they are) on the questions I put out. Despite the constant bickering and namecalling, there are some obviously brilliant minds here. I would much rather read YOUR thoughts on the topic than present my...

http://www.zerohedge.com/news/muddle-through-has-failed-bcg-says-there-may-be-only-painful-ways-out-crisis "...the only way to resolve the massive debt load is through a global coordinated debt restructuring (which would, among other things, push all global banks into bankruptcy) which, when...

I think a globally coordinated wealth tax is almost inevitable. I am interested in your thoughts on the topic, specifically: 1. What probability would you assign to a global Wealth Tax? 2. When might this Wealth Tax be implemented? 3. Do you believe that it is more likely to be a...

Thank you for sharing the idea of looking at relative value among commodities. I am a value girl at heart (some say contra trend trader). My daughters will get silver coins in their stockings at Christmas this year. Not that anyone cares, but I am reducing some of my industrial, energy...

I bought some silver yesterday afternoon for the first time, and I plan to buy some physical this week. The chart looks dismal, but I have a hard time believing that we are entering an era of currency stability and that QE3 is permanently off the table. The physical will also be to satisfy my...

Great call on WTI...but I was referring to Brent. I have no ego in this; I am wrong constantly and used to it. But today seems to have worked out reasonably well. I'm a little nervous about those journalists gathered up in the Rixos Hotel but fingers crossed this will have a happy ending. As...

So far so good... "Oil Slides in London as Libyan Rebels Enter Tripoli, New York Crude Rises Oil futures rose 0.4 percent in New York, paring earlier losses, to trade at $82.70 a barrel. Brent crude slumped 1.6 percent to $106.92, narrowing the premium to U.S. prices from a record...

If the US economy were to pick up and start accelerating higher, would Bernanke stick to this 2013 promise? IMHO he would not. The decreasing inventory of unsold homes keeps me from buying too much gold.

Reuters is reporting that Obama will make a statement on the Libyan situation. And here is the obligatory youtube video of celebrations on the streets of Libya: http://www.youtube.com/watch?v=AlBDqYFrjuU I am watching this website for updates...

:) Sounds like he (Saif) will soon be visiting The Hague. But I am disappointed. I expected a happier stock market. Maybe tomorrow.

Rumors of Gadhafi's departure proved to be untrue, for now. Reuters only minutes ago: "Head of Libya rebel council says ready to stop fighting on condition Gaddafi announces departure", and "Libyan rebels claim they have captured Saif Al-Islam, Gaddafi's son".

I have been reading reports this afternoon about the airport and suburbs of Tripoli being in rebel hands. Also an unconfirmed rumor of Gadhafi departing http://www.theatlanticwire.com/global/2011/08/report-qaddafi-and-two-sons-have-fled-libya/41523/. Combine this news with a prediction of...