Update from a Frustrated Joel Rosenberg

Walter

|2011-10-19 13:55:03

Joel, would you be willing to admit that the U.S. CIA overthrew Mohammed Mossadeq, the democratically elected Prime Minister of Iran in 1953...the first elections Iran ever had and his sin was to renegotiate British Petroleum's revenue sharing agreement to enable the people of Iran to share in the wealth of their oil riches.

Would you also admit that the USA encouraged, supported, materially helped Saddam Hussein militarily against Iran in 1980?

Would you not agree that Iran has at least 2 logical reasons to protect themselves against the USA?

Peter T. - S&P500 headed to 1180 area?

|2011-10-19 14:42:39

S&P500 headed to 1180 area?

Mars - Dept. of BearLand Security Warning!!

|2011-10-19 14:54:56

THIS IS A MESSAGE FROM THE DEPARTMENT OF BEARLAND SECURITY:

The MarsSTRING Model is now issuing an imminent threat warning (think alternating yellow//red lights flashing) for the near-term (days to weeks). This means that conditions are ideal for a trending move in the SP500 which could produce a move of 50 to 100 points or more, over a period of days to weeks.

As of the OCT 19 close, this warning is in effect for the SP500. Escalation to solid red lights flashing will occur once the trigger has been activated, and this can come on any day following Wednesday. I will plan to update this message once the trigger has been activated.

Since JAN 2010, this model has generated four prior signals:
1) + 117.18 points with the SP500 trending upward in 48 trading days
2) + 66.83 points with the SP500 trending downward in 24 trading days
3) + 311.89 points with the SP500 trending upward in 168 trading days
4) + 171.27 points with the SP500 trending downward in 13 trading days

Note: The results above are from a retrospective study of prior signals, as the MarsSTRING Model was developed this year. Your actual results would be different depending upon entry//exit and the stops utilized. All of the above is based upon using the model on an SP500 Daily chart. I post SP500 intraday trading notes using the same methodology on a shorter timeframe.

despite my humor, this is NOT a joke

SteveP

|2011-10-19 15:34:24

I find it very interesting that the media completely ignores Dr. Ron Paul. Rush L. finally had to say he liked him and his economic plan in comparison to the rest of the field of R's yesterday.

Kritrdr - Define hedging

|2011-10-19 16:56:43

I hear often that we should be hedging the metals as we go into the downturn, what does this mean? If not too complicated can someone define it or send me to a reliable place to learn about it myself? Thanks!

SteveM

|2011-10-19 17:28:09

When I speak of hedging physical gold, it simply means that I sell the paper (go short) to lock in my profit on my physical gold. Therefore I avoid having to sell my physical gold but won't lose money on a deep correction.

Kritrdr - re:

|2011-10-20 09:22:29

SteveM wrote:

Thank you for your time that clears it up perfectly. God bless.

CNN’S ANDERSON COOPER FAILS TO ASK GOP CANDIDATES ABOUT RISING IRAN THREAT:

But it is time for the GOP candidates to tell us how they will neutralize Iran

Global Perspective Audience