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Gold Is “Universally Acceptable” and Why China Is Buying – Greenspan

Courtesy of ZeroHedge. View original post here.

Submitted by GoldCore.

Gold Is “Universally Acceptable” and Why China Is Buying  - Greenspan

Alan Greenspan
, former Chairman of the Fed, had an article entitled “Golden Rule – Why Beijing Is Buying” published in Foreign Policy, the journal of the influential Council on Foreign Relations in which he extols the virtues of gold as “universally acceptable.”




Greenspan, former Chairman of the Federal Reserve Board of the United States from 1987 to 2006, and a key architect in the global financial crisis, points out that if the world’s largest gold consumer, China, used a portion of its massive $4 trillion foreign exchange reserves to buy enough gold bullion it could displace the U.S. as the world’s largest holder of gold bullion.  The U.S. holdings are believed to be just over 8,500 tonnes with an estimated value of just $328 billion as of spring 2014.  





Greenspan points out how gold is the ultimate form of money in the world and is “universally acceptable”.

He concedes that “a return to the gold standard in any form is not on anybody’s horizon” right now but points out that if sovereign governments have financial crises, their fiat currencies may not be accepted as payment.

He highlights that bullion holds special properties that no currency can claim, except maybe silver. The fiat currencies and moving exchange rates that make up our monetary system of today are backed by the tax raising abilities of government’s of sovereign nations.  However, gold bullion for over 2000 years has been an “unquestioned acceptance as payment”, writes Greenspan.


“No questions are raised when gold or direct claims to gold are offered in payment of an obligation; it was the only form of payment, for example, that exporters to Germany would accept as World War II was drawing to a close.”

“Today, the acceptance of fiat money — currency not backed by an asset of intrinsic value — rests on the credit guarantee of sovereign nations endowed with effective taxing power, a guarantee that in crisis conditions has not always matched the universal acceptability of gold.”

“If the dollar or any other fiat currency were universally acceptable at all times, central banks would see no need to hold any gold. The fact
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Why Is the U.S. Government Dictatorial Towards Dissenters … But Welcoming Ebola Carriers With Open Arms?

Courtesy of ZeroHedge. View original post here.

Submitted by George Washington.

3 Supreme Court justices, 2 top level NSA executives, numerous Democratic and Republican Congress members and other top American officials have said that we’re basically in a police state.

Obama has prosecuted more whistleblowers than all other presidents combined.  Indeed, the Obama administration is literally treating whistleblowers as terrorists. Dissent is also treated as terrorism, and the massive spy apparatus is focused on crushing dissent.  Even trying to protect oneself from spying is treated as  extremism. And investigative journalism has been criminalized by the Obama administration.

And yet the government is allowing people from Ebola-infected countries like Liberia visit America … even after a Liberian brought Ebola to Dallas.

Why don’t we enforce a travel ban … just until the African epidemic ends?

In July, Congressman Alan Grayson called for a travel ban from Liberia and other hot zone countries, to be lifted 90 days after the last case of Ebola is reported.

Scores of African nations have enacted Ebola travel restrictions.

Kit Daniels notes:

In mid-August, Korean Air and Kenya Airways announced they were halting flights to the West African countries ravaged by Ebola, and British Airways and Air France also decided to suspend service to the Ebola hot zone a few weeks later.

 

“France is recommending that its citizens leave Sierra Leone and Liberia, two of the countries hardest hit by the worst ever outbreak of the disease,” Jessica Plautz reported for Mashable. “The government said the increasing spread of the disease prompted its request that the airline to suspend flights.”

 

Yet the Obama administration made no such request to U.S. airlines and government flights

Indeed, there’s not only open travel for people from hot zone countries, but there are limited screening procedures at airports, and doctors aren’t screening very vigorously either.

While the Centers for Diseases Control are talking as if they are confident, the…
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The Ethics Of Disease Control

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Logan Albright via Mises Canada,

As the threat of the ebola virus looms large and the Center for Disease Control issues what are undoubtedly hyperbolic projections of over a million casualties to the disease by January, we owe it to ourselves as libertarians to ask a few questions about the ethics of disease control. Is it acceptable to use force to isolate a person with a contagious disease from society, and if so, under what circumstances? How far are we permitted to go in the invasion of another person’s personal liberty in order to secure a safe environment for the rest of us?

We start, as always, with the Non-Aggression Principle, which states that it is impermissible to use force against another except in self-defense against an actual or threatened attack on another’s life or property. The fundamental issue with disease control, then, becomes whether or not exposing others to a disease qualifies as such an attack.

Clearly, the intentional infection of another human being would qualify. Jamming a hypodermic needle into someone’s skin would be an attack even in the absence of any virus. So would mailing someone an envelope filled with anthrax. So would intentional sexual contact while knowingly carrying a sexually transmitted disease. In all these cases, the intent to cause harm is clear, as well as the actual harm caused, and self-defense to prevent this harm would be entirely justified.

But what about the murkier case where a person carries a disease, with no wish to spread it to anyone else, but with the knowledge that going about his day to day life may result in others becoming exposed?

Philosophers typically try to come to grips with these dilemmas by resorting to analogy. One might argue that going about with a dangerous disease is akin carrying a gun which may at any moment randomly fire. Clearly, if a person were to go about with such a gun (suppose it is strapped to his body and cannot be removed) this would constitute a threat to others, and he would be obligated to take precautions to minimize the risk. But this analogy fails because someone would have had to arrange the gun in the first place, and their agency would bear part of the responsibility. Viruses are, after all, simply…
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Meet The 17-Year-Old Leader Of The Hong Kong Protests

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Joshua Wong is too young to drive or buy a drink in a bar – let alone vote – yet, as The Guardian reports, has become the face of the pro-democracy protests in Hong Kong and an inspiration to citizens three times his age.

 

 

Via The Guardian:

With his floppy hair, baggy shorts and stripy T-shirt, accessorised with a yellow ribbon around each skinny wrist, the only thing distinguishing the 17-year-old from the other teenagers on Wednesday was the bank of television cameras facing him.

 

Joshua Wong is too young to drive or buy a drink in a bar – let alone vote – yet has become the face of the pro-democracy protests in Hong Kong and an inspiration to citizens three times his age.

 

The co-founder of Scholarism, the student movement which kickstarted the demonstrations, is already a veteran activist. At 15, he battled against plans to introduce “national education”, which critics attacked as pro-Beijing “brainwashing”. Scholarism’s campaign brought more than 100,000 people on to the streets in protest; the proposals were duly shelved and Wong became something of a celebrity. He is probably the first mass protest leader who has had to call a press conference to discuss his exam results (he met university entrance requirements, though he has said in the past: “Teachers have always said my only strength is talking and that I talk very fast.”)

 

But his 40-hour detention from Friday, along with others who stormed into the blocked-off government complex at Admiralty, kickstarted large-scale protests and catapulted him to global attention. The arrests galvanised those previously indifferent to last week’s student protests and sparked the wider civil disobedience movement that has paralysed a large part of downtown Hong Kong.

 

The sudden fascination with Wong’s role is not entirely to his satisfaction. “If a mass movement turns into worshipping a particular person, that’s a great problem,” he warned in 2012, after the campaign against national education. More recently, asked about his own heroes, he stressed: “You don’t need role models to be part of a social movement as long as you care about the issues.”

 

 

“He’s so young but so wise that you can’t help but have a lot of time for


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Ebola In America: The Confirmed Case In Dallas, Texas Could Change Everything

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Michael Snyder of The Economic Collapse blog,

The day that many of us hoped would never arrive is here.  Ebola has come to America.  Air travel between the United States and the countries of Liberia, Guinea and Sierra Leone should have been totally shut down except for absolutely essential personnel but it wasn't.  And now our nation may end up paying a great price as a result.  On Tuesday, the CDC announced that there is a confirmed case of Ebola in Dallas, Texas.  We know that this individual is a male and that he traveled by air from Liberia to Texas on September 19th.  At that time, he was not exhibiting any symptoms.  It is being reported that he started developing symptoms on September 24th and that he sought out treatment two days later.  Incredibly, he was turned away and sent home.  Then on September 28th he went to a hospital again and this time he was admitted for treatment.  That means that he could have potentially been spreading Ebola to others for at least four full days before finally getting treated at a hospital.  Now he is in intensive care at Texas Health Presbyterian Hospital in Dallas.  The CDC says that "there is no doubt that we will stop it here" and is promising that "it will not spread widely in this country".  The CDC better be right on both counts.

At this point, the CDC is admitting that it is not known if others have been infected by this individual.  The CDC also says that it is tracking down everyone that he has been in contact with.  But over four days in a major U.S. city, you can be "in contact" with a whole lot of people.  And what about all of the people that those people were in contact with?

If I was in charge of this crisis, I would admit that we don't know the full scope of the problem yet but that we are dealing with it the best that we can.

Instead, the director of the U.S. Centers for Disease Control and Prevention is taking an entirely different approach.  Dr. Thomas Frieden insists that we have absolutely nothing to worry about


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Intelligence? President Obama Missed ~60% Of His Daily Briefings

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Just days after President Obama infuriated some in the intelligence and defense communities with comments that “they underestimated what had been taking place in Syria,” The Government Accountability Institute, a watchdog non-profit organization, found that as of Sept. 29, the President had attended only 42.4% of Presidential Daily Briefs (PDB) during his first term and 41.3% during his second term. As one former official blasted, either the president doesn’t read the intelligence he’s getting or he’s bullshitting.”

 

As RT reports,

?US President Barack Obama has attended only 42 percent of his daily intelligence briefings since assuming office more than five and a half years ago, according to a new study.

 

The Government Accountability Institute, a watchdog non-profit organization, calculated the number of times Obama has received daily oral intelligence briefings, or the Presidential Daily Brief (PDB). The group found that as of Sept. 29, the President had attended 42.4 percent of PDBs during his first term and 41.3 percent during his second term.

 

The report came days after Obama told 60 Minutes that Director of National Intelligence James Clapper has “underestimated” the strength of Islamic State, the militant group currently the target of US-led airstrikes on its holdings in Syria and Iraq.

 

“I think our head of the intelligence community, Jim Clapper, has acknowledged that I think they underestimated what had been taking place in Syria,” Obama said.

 

The statement infuriated some in the intelligence and defense communities. One anonymous former senior Pentagon official told the Daily Beast that Obama is surely getting valuable information about Islamic State, also known as ISIS or ISIL, from intelligence reports.

 

“Either the president doesn’t read the intelligence he’s getting or he’s bullshitting,” said the former official who is familiar with jihadist actions in Syria and Iraq.

 

 

“It’s pretty well-known that the president hasn’t taken in-person intelligence briefings with any regularity since the early days of 2009,” an Obama national security staffer told the Daily Mail on Monday. “He gets them in writing.”

 

The staffer added that Obama has been warned of Islamic State for years.

 

“Unless someone very senior has been shredding the president’s daily briefings and telling him that the dog ate them, highly accurate predictions about ISIL have


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Global PMI Summary: 60% Of Nations Weakening

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As PMI manufacturing surveys are released around the world, we get an early read on the state of glkobal manufacturing. As the below table shows, out of the 25 countries that have reported so far, 8 reported improvements in their manufacturing sectors in September, while 15 recorded a weakening, and 2 remained unchanged.

A reading above 50 reflects expansion, while below 50 indicates contraction.

 

As BofA notes,

There were 8 countries in negative territory and 17 in positive. In particular, Austria, Germany, Greece, Korea, and Norway moved from contraction to expansion, while Italy and South Africa did the reverse.

 

Our China economist note that, thanks in part to the easing measures implemented in the past month, the China PMI was stabilized, but is yet to rebound.

 

Our Europe economist notes that weakness in the Euro Area was mostly driven by Germany. Moreover, he highlighted that Euro Area PMIs (as well as German PMIs) are consistent with moderate expansion in 3Q.

 

Lastly, our UK Economist noted that the decline in the UK PMI was attributed primarily to slower exports growth to the Euro Area, and the index is at the lowest since May 2013.





Gold, Global Growth, & The Schism In The High Church Of Bernanke

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Ben Hunt via Salient Partners' Epsilon Theory blog,

 

Everything under the sun is in chaos. The situation is excellent.
– Mao Zedong (1893 – 1976)

Forget it, Jake. It’s Chinatown.
– Chinatown (1974)

Language is conceived in sin and science is its redemption.
– W.V.O. Quine (1908 – 2000)

I am, as I am; whether hideous, or handsome, depends upon who is made judge.
– Herman Melville (1819 – 1891)

All -ism’s end up in schisms.
– Huston Smith (b. 1919)

What Asians value may not necessarily be what Americans or Europeans value. Westerners value the freedoms and liberties of the individual. As an Asian of Chinese cultural background, my values are for a government which is honest, effective and efficient.
– Lee Kuan Yew (b. 1923)

Two years ago, the new seven-member Standing Committee of the Chinese Communist Party Politburo – the most powerful political entity in the country – was introduced to great fanfare. All seven men walked on stage wearing a dark suit and a red tie, but to me the most striking aspect of their appearance was their hair. Yes, their hair. Their dark, immaculately coifed, powerful hair. Despite an average age of 65, not one of these men has EVER been seen in public without sporting a mane that would make their grandsons proud.

On the other hand, consider this handsome man, Bo Xilai. Once the princeling of princelings, the son of a Long March vet, Bo was enormously popular for his Redder-than-Thou politics and enormously rich from his mayoral “crackdown” on organized crime in Chongqing, a municipality with about the same urban population as New York City. To put Bo Xilai in a US context, he was richer than Michael Bloomberg and more politically ambitious than
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“Not A Good Sign” Argentine Stocks, Bonds Crash As Central Bank Chief Resigns

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Just a day after Argentine President Cristina Kirchner, in a televised speech, accused central bank employees of helping local bankers to speculate against the Argentine peso in hopes of forcing the government to devalue the currency, Juan Carlos Fabrega – the head of Argentina’s Central Bank – has quit. As WSJ reports, unable to borrow abroad due to a legal dispute with creditors, Mrs. Kirchner has relied on money printing to cover spending deficits at the expense of inflation that is thought to be around 40%; and it appears the sanity of Mr. Fabrega was too much to bear for Kirchner (and Kiciloff – who had reportedly clashed with the Central Banker also). The reaction – not good – the stock index collapsed over 8%, bond yields spiked and the black-market peso dumped to record lows at 15.65 to the USD (drastically worse than the 8.51 official peso rate).

Fabrega’s departure is “Not a good sign,” said Alberto Ramos, a Goldman Sachs analyst Alberto Ramos, Reuters reports. 

 

“Fabrega was perceived to be a moderating voice and someone that really understood financial market dynamics.”

As The Wall Street Journal reports,

Argentine President Cristina Kirchner replaced the head of the central bank Wednesday, marking the second overhaul of her economic team in less than a year.

 

Mrs. Kirchner named her top securities and exchange regulator, Alejandro Vanoli, as central bank governor after she accepted Juan Carlos Fabrega’s resignation, according to a statement posted on the presidency’s press website.

 

Mr. Fabrega’s resignation came a day after Mrs. Kirchner in a televised speech accused central bank employees of helping local bankers to speculate against the Argentine peso in hopes of forcing the government to devalue the currency. Argentina’s central bank has little autonomy from the federal government and the president in practice can hire and fire its senior executives at whim.

 

“You blame me for the flight of capital and the rising dollar, that’s fine,” said Kirchner speaking to Fabrega in the front row of her public speech. “I feel for the dollar losses and not another one should leave the country. Besides that, you continue to have a problem with the economy that I


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Ebola-Stricken West African Economies Are Crashing

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

We warned five weeks ago of the potential economic damage that the Ebola virus could do to West African economies, and now it appears The IMF, The World Bank, and the United Nations Food and Agricultural Organization have warned that Liberia and other West African economies, as WaPo reports, begun a frightening descent into economic hell. Fear that "that people would abandon the fields and factories, that food and fuel would become scarce and unaffordable, and that the government’s already meager capacity to help, along with the nation’s prospects for a better future, would be severely compromised" are no longer scenarios – they are real! Annual inflation rates have doubled, fuel sales are down 35%, Liberia's productivity is down 50-75%, and "micro-trade" financing is "completely depleted."

The IMF warns “In addition to exacting a heavy human toll, the Ebola outbreak is having a severe economic and social impact, and could jeopardize the gains from a decade of peace.”

With WHO and CDC expecting a worst case scenario now, the $809 million collapse in GDP across Sierra Leone, Guinea, and Liberia is stunning…

 

As The Washington Post reports,

Three recent reports from international organizations that seem to bear out the worst-case scenarios of months ago: that people would abandon the fields and factories, that food and fuel would become scarce and unaffordable, and that the government’s already meager capacity to help, along with the nation’s prospects for a better future, would be severely compromised.

 

They are no longer scenarios. They are real. While these trends have been noted anecdotally, the cumulative toll is horrific.

 

The basic necessities of survival in Liberia — food, transportation, work, money, help from the government — are rapidly being depleted, according to recent reports by the United Nations Food and Agricultural Organization, the International Monetary Fund and the World Bank.

 

 

The International Monetary Fund said in a separate report that restrictions on public transport, internal travel and trade are burdening the country’s ability to distribute the food that is available.

 

The combination is driving up food prices rapidly, said the IMF even as “panic buying” is boosting demand, according to the World Bank. The IMF is projecting an inflation rate of


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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!

 
 

Zero Hedge

Gold Is "Universally Acceptable" and Why China Is Buying - Greenspan

Courtesy of ZeroHedge. View original post here.

Submitted by GoldCore.

Gold Is “Universally Acceptable” and Why China Is Buying  - Greenspan

Alan Greenspan, former Chairman of the Fed, had an article entitled “Golden Rule - Why Beijing Is Buying” published in Foreign Policy, the journal of the influential Council on Foreign Relations in which he extols the virtues of gold as “universally acceptable.”




Greenspan, former Chairman of the Federal Reserve ...



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Phil's Favorites

Federal Judge Smacks CalPERS on Sanctity of Pensions; CalPERS Liens Null and Void

Courtesy of Mish.

Exceptionally good news from California today: A federal judge ruled CALpers claim of "Sanctity of Pensions" is invalid. Today's ruling went even further than the bankrupt city of Stockton originally sought in court.

For details, please consider the New York Times article In Ruling on California Town’s Bankruptcy, Judge Challenges Sanctity of Pensions. A federal bankruptcy judge on Wednesday upended the widely held belief that public workers’ pensions have a special status in California that makes them impossible to cut, further chipping away at the idea that pensions are sacrosanct in a municipal bankruptcy.

The ruling, which came du...



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Chart School

S&P 500 Snapshot: October Opens with a Selloff

Courtesy of Doug Short.

When it comes to monthly market volatility in the S&P 500, October tops the list, ranging from its 16.3% surge in 1974 to its 21.8% plunge in 1987. How will October 2014 stack up on the volatility scale? Time will tell. But the month certainly opened on a weak note, dropping 1.32%, the sixth largest one-day decline so far this year. The index closed a bit off its -1.52% intraday low at the start of the final hour of trading. The intraday range was at the 96th percentile of the 189 market days of 2014.

The selloff in equities was matched by a rally in Treasuries. The yield on the 10-year Note closed at 2.42%, down 10 bps from yesterday's close.

Here is a 15-minute chart of the past five sessions

As we see on the daily chart, today's selling came on increased volume.

...

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Digital Currencies

The Mexican Libertad: The Currency Solution?

Better than a Bitcoin? The Mexican Libertad is a real coin made out of silver or gold whose value is based on the price of silver or gold. It's tangible, like our coins and paper money, but the value is pegged to its weight in previous metal. 

The Mexican Libertad: The Currency Solution?

By Jeff Thomas of The International Man

The Libertad is a Mexican coin that was first issued in 1981 in .999 fine gold and then in silver in 1982. Beginning in 1991, the Libertades became the only coins in the world that were issued in the convenient sizes of 1/20, 1/10, 1/4, 1/2, and 1 ounce—again, in both gold and silver. This made them very practical if they were to be used as currency.

But of course, gold and silver coin...



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All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Insider Scoop

Mixed Economic Data, Ebola Scares Rattle Markets

Courtesy of Benzinga.

Related ALL The Allstate Corporation Is Now Historically Overbought And Nearing Resistance: Time For A Pullback? Marchex, Inc. Loses Third-Largest Customer, Cuts FY14 Outlook

U.S. stocks declined sharply as investors digest reports of a confirmed case of Ebola in the United States. In addition, economic data relea...



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Option Review

VIX Call Spreads Trade

The CBOE Vix Index topped 17.0 and the highest level since early-August on Monday morning amid declines in U.S. equities to start the trading week. The volatility index is off its earlier highs to trade 5.0% higher on the session at 15.65 as of 11:30 am ET. Options volume on the VIX is hovering near 360,000 contracts, or just more than 50% of the average daily reading of around 660,000 contracts. Calls are far more active than put options, as evidenced by the call/put ratio up above 4.2 in morning trading, perhaps as some traders position for volatility to stick around.

Large call spreads traded on the VIX today caught our attention as one big optio...



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Sabrient

Sector Detector: Stocks fight off predictable weakness, but expect more downside

Courtesy of Sabrient Systems and Gradient Analytics

Yes, the market showed significant weakness last week for the first time in quite a while. In fact, the Dow Jones Industrial Average moved triple digits each day. But it was all quite predictable, as I suggested in last week's article, and certainly nothing to worry about. Now the market appears to be poised for a modest technical rebound, and longer term, U.S. equities should be in good shape for a year-end rally. However, I still believe more downside is in order before any new highs are challenged. Moreover, market breadth is important for a sustained bull run, so the challenge for investors will be to put together broader bullish conviction, including the small caps.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, re...



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OpTrader

Swing trading portfolio - week of September 29th, 2014

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Market Shadows

Ebola vs. Us

Ebola vs. Us

By Ilene 

Ebola is spreading too quickly for Ebola-vaccine makers to conduct typical studies of safety and efficacy on experimental vaccines. Instead, vaccines will be tested for basic safety, but then deployed with protocols devised now in order to test for efficacy essentially on the field. Testing has to be expedited because the situation in West Africa gets worse every day while there are no approved vaccines or other treatments.

The chart below is from a paper in the New England Journal of Medicine showing estimates of the virus's trajectory projecting out to November 1, 2014. If current trends continue...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

The latest issue of Stock World Weekly is now available. Please sign in with your PSW user name and password. Or simply take a free trial to try out our weekly newsletter. 

...

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Promotions

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Pharmboy

Biotechs & Bubbles

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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