Archive for 2016

27-Year-Old Syrian Suicide Bomber Behind German Music Festival Attack That Injured 12

Courtesy of ZeroHedge. View original post here.

Update 2: The suspect behind an explosion that injured 12 people in Bavaria was a 27-year-old asylum seeker from Syria, Bavarian Interior Minister Joachim Herrmann says early Monday. The suspect, who arrived in Germany two years ago, died in the blast. He had been refused asylum, Bavarian authorities told a press conference. His application was rejected a year ago but the man was allowed to stay in Germany temporarily, due to ongoing hostilities in Syria.

Police say they do not yet known if the attacker had any radical Islamist background. The investigations is currently focused on attacker’s communications.

*  *  *

Update 1: “A man, according to our current knowledge the perpetrator, died” in the blast they said in the short statement. Further details weren’t immediately available and they did not pick up their telephone lines.

*  *  *

As we detailed earlier, capping an awful week for Germany (and France), an explosion in the city of Ansbach, originally reported as a gas leak, has been confirmed as being caused by “an explosive device.

As The Telegraph reports, one person is dead (believed to be the bomber) and at least 11 more injured as the explosion occured shortly after 10pm outside a wine bar near the entrance to an open-air music festival, where there were some 2,500 people in attendance. The festival was shut down as a precaution.

With Germany already on high alert following the events in Reutlingen and Munich.

On Sunday, 21-year-old asylum-seeker from Syria killed a woman, reported to be pregnant, with a meat cleaver in the southern German town of Reutlingen.

Only two days earlier an 18-year-old man killed nine people in a shooting near a shopping centre in Munich, before turning the gun on himself.

One person has been killed and another 11 injured in an explosion at a cafe in the Bavarian city of Ansbach. (via The Telegraph)

A spokesman for the Bavarian Interior Ministry said the explosion was not an accident and appears to have been intentional.

Bavarian Interior Minister Joachim Herrmann was en route to the site, the spokesman said.

The blast killed one person and injured 11 others in the Bavarian city, police confirmed late on Sunday. It said the cause of


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Attacker Dead, 10 Injured After Blast “From Explosive Device” At Major German Music Festival

Courtesy of ZeroHedge. View original post here.

Update 1: “A man, according to our current knowledge the perpetrator, died” in the blast they said in the short statement. Further details weren’t immediately available and they did not pick up their telephone lines.

*  *  *

As we detailed earlier, capping an awful week for Germany (and France), an explosion in the city of Ansbach, originally reported as a gas leak, has been confirmed as being caused by “an explosive device.

As The Telegraph reports, one person is dead (believed to be the bomber) and at least 11 more injured as the explosion occured shortly after 10pm outside a wine bar near the entrance to an open-air music festival, where there were some 2,500 people in attendance. The festival was shut down as a precaution.

With Germany already on high alert following the events in Reutlingen and Munich.

On Sunday, 21-year-old asylum-seeker from Syria killed a woman, reported to be pregnant, with a meat cleaver in the southern German town of Reutlingen.

Only two days earlier an 18-year-old man killed nine people in a shooting near a shopping centre in Munich, before turning the gun on himself.

One person has been killed and another 11 injured in an explosion at a cafe in the Bavarian city of Ansbach. (via The Telegraph)

A spokesman for the Bavarian Interior Ministry said the explosion was not an accident and appears to have been intentional.

Bavarian Interior Minister Joachim Herrmann was en route to the site, the spokesman said.

The blast killed one person and injured 11 others in the Bavarian city, police confirmed late on Sunday. It said the cause of the blast was unknown.

The blast a at Eugene’s Wine Bar triggered a large-scale police operation involving police, rescue workers and one helicopter, Sky News said.

The blast was initially reported to have been caused by a gas leak.

News agency Dpa reports that an open-air concert nearby with some 2,500 in attendance was shut down as a precaution after the explosion.

Additionally,  AP reports that

Police in the southern German city of Ansbach say the man was killed when an explosive device he was believed to be carrying went off near an open-air music festival,

The only question left now is how long before an otherwise patient German population react after three apparent mass attacks in one week?





Top Ten Videos – July 25

Courtesy of John Rubino.

Jim Rickards, Egon von Greyerz, and Ronald-Peter Stoeferle on gold. Craig Hemke on negative interest rates. Brexit remains an issue, stocks are headed for a fall, and the Clinton Foundation is accused of corruption.

Visit John’s Dollar Collapse blog here





“It’s Not Panicking If You’re First” – China Devaluation Is Closer Than Anyone Thinks

Courtesy of ZeroHedge. View original post here.

Once again – ahead of the G-20 meetings – China’s currency mysteriously abated its incessant plunge suggesting ‘stability’. As Bloomberg notes, history shows that the Chinese currency usually strengthens ahead of major political or economic events, such as President Xi Jinping’s state visits to the U.S. and the Boao Forum.

The People’s Bank of China raised its daily reference rate for the yuan in each of the last three days, spurring speculation it is acting to limit losses in the currency.

Howeber, as Mark St.Cyr notes, lately there have been quite a few warning signs pertaining to China. Yet, concern seems anathema to not only the “markets,” but the media in general. However, I’m of the opinion that is all about to change. And that “change” is not years away, but rather, sooner (and much sooner at that) than later.

To use an analogy, I don’t think there’s a better one than the old “Bull in a china shop.” Sure there’s no broken dishes currently, but that’s because the bull has yet chosen an aisle to venture down. That is – if he chooses to use an aisle at all. And the “markets” are behaving as if the bull can somehow read or cares about the “you break it – you own it!” sign. This pretty much sums up the absurdity of complacency now taking place in the “markets.”

Last week China’s GDP figure was reported to be 6.7, beating consensus by just a tick. However, there was some concern that the print might come in (heaven forbid) below consensus. Why the need for any concern one might ask? After all, when your GDP figure is basically announced well in advance (e.g., 6.5 – 7.0) then hit with statistical precision, report, after report, after report as announced by the politburo of a communist controlled economy. Again, why sweat it? The so-called “smart crowd” weren’t.

Easy: Today, in a market so utterly adulterated and carry trade sensitive via central bank meddling, just a tick lower of the expected 6.6, as opposed to their tick higher beat, has ominous implications. For any movement lower is now suspect or viewed by the outside world as “just how bad is it if they reported lower?” An inline, or even just a tick higher beat


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Obama’s “Deeply Disappointed” Half-Brother Will Vote Trump Because “He Speaks From The Heart”

Courtesy of ZeroHedge. View original post here.

“Mr. Trump is providing something new and something fresh,” explains Malik Obama – President Obama’s half brother – while wearing his resplendent red ‘Make America Great Again’ cap. Describing his “deep disappointment” in his brother Barack’s administration, The NY Post reports, has led him to recently switch allegiance to “the party of Lincoln.”

As The New York Post reports, President Obama’s Kenyan half-brother wants to make America great again — so he’s voting for Donald Trump…

“I like Donald Trump because he speaks from the heart,” Malik Obama told The Post from his home in the rural village of Kogelo. “Make America Great Again is a great slogan. I would like to meet him.”

Obama, 58, a longtime Democrat, said his “deep disappointment” in his brother Barack’s administration has led him to recently switch allegiance to “the party of Lincoln.”

The last straw, he said, came earlier this month when FBI Director James Comey recommended not prosecuting Democratic presidential candidate Hillary Clinton over her use of a private e-mail servers while secretary of state.

“She should have known better as the custodian of classified information,” said Obama.

Obama plans to trek back to the US to vote for Trump in November. Obama used to live in Maryland, where he worked for many years as an accountant and is registered to vote there, public records show.

Malik Obama, the eldest, is the director of the Barack H. Obama Foundation, a controversial Virginia charity named for his father.

He says he started the charity in 2008 because he wanted to make a difference in the family’s hardscrabble village in Kenya.

But the charity came under fire when The Post revealed in 2011 that it was an off-the-books operation that hadn’t registered with the state of Virginia or, as it claimed, had tax-exempt status from the IRS.

Shortly after The Post report, the IRS gave its stamp of approval, leading to speculation that the president had intervened.

Lately, family ties seem to be frayed. Obama, who was best man at the president’s wedding, said he spoke to his brother a year ago and was miffed that he did nothing to help his own foray


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Anti-US Sabotage Suspected After Massive Fire Breaks Out Near NATO Headquarters In Turkey

Courtesy of ZeroHedge. View original post here.

A massive fire erupted near a NATO base in the Buca district, near Izmir, Turkey. The fire broke out on Sunday evening in western Turkey. The fire blew through the grassy wooded area and is now perilously near NATO’s military base pushed forward by strong winds.

The NATO base in proximity to the inferno is Allied Land Command (LANDCOM), the standing headquarters for NATO land forces in the region. The Commander LANDCOM is the prime land warfare advisor to the Alliance. From its Wikipedia page we learn that “when directed by the Supreme Allied Commander Europe, it provides the core of the headquarters responsible for the conduct of land operations. The command is based at Sirinyer (Buca), ?zmir in Turkey.

Large fire in Izmir Buca, near the NATO base in Turkey. Fire is approaching base pic.twitter.com/TNYSmZYf9n https://t.co/NmjWEC5rmn

— Dreaming of Peace (@cjsienna55) July 24, 2016

VIDEO: Massive fire near NATO base in Izmir, Turkeypic.twitter.com/C0mqhWY9qe #TECH #News #Technology #aws #startup #Breaking

— TGVIA (@TGVIA) July 24, 2016

According to CNN Turk, the fire is threatening a number of populated areas, and has already impacted a home for the elderly and its adjacent garden.

?zmir Buca’da ki Yang?n Kontrol Alt?na Al?nam?yor!

?hmal+Sabotaj:?zmir Yan?yor! pic.twitter.com/9byk2Onamn

— Göztepe Life (@GoztepeLife) July 24, 2016

In a surprising twist, local authorities are investigating the fire as a possible act of anti-American sabotage.

The fire erupted shortly after Erdogan’s leading Islamist paper headline officially targeted a US commander as coup leader adding his name & picture, in what local commentators dubbed as an “all out war” by Erdogan on the US.

#OMG: leading Erdo?an’s Islamist paper headline targets US commander as coup leader w name & picture.
all out war? pic.twitter.com/fcRkrQ5UR5

— ilhan tanir (@WashingtonPoint) July 24, 2016

It remains to be seen if anti-US sentiment in Turkey – allegedly for housing Fethullah Gulen and being the “mastermind” behind the coup, is on the rise.

Under the NATO nuclear weapons sharing program, Washington maintains its largest overseas nuclear arsenal in Turkey, consisting of up to 50


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“Champagne Supernova” – IceCap Asks What Happens When The Bond Bubble Finally Pops

Courtesy of ZeroHedge. View original post here.

Submitted by Keith Decker of IceCap Asset Management

Don’t Look Back in Anger

ENGLAND (Knebworth Park, 1996) – Owning the front of the stage, Liam Gallagher closed his eyes and liked what he saw. Thousands of screaming, pushing and kicking fans positioning themselves for the what would be THE concert of the year.

For Liam, it was total chaos and he loved it.

Twenty feet away, Noel Gallagher also closed his eyes but what he saw wasn’t chaotic at all. Instead of small pockets of rebellious concert goers, Noel saw a sea of 250,000 people strong. They ebbed and flowed and sang together – all eyes and hearts were focused on the stage gifting Oasis the energy to make THE concert of the year.

For Noel, it was total harmony and he loved it.

The concert turned into an instant classic in the music world. Both Liam and Noel, strummed together one of the best evenings of 90s rock ever to be recorded. As for the evening being chaotic or harmonious – it really depended upon your perspective.

Today, the Gallagher brothers no longer speak to each other, let alone play music together.

Perhaps Liam was right after all – the entire Oasis experience was complete chaos. Or maybe, Noel was correct – when all of the chaos was combined, the ending was both harmonious and predictable.

As music imitates life, today many people are trying to make sense of the chaos swamping the world.

Yet, if one looked at the world from a slightly different perspective, perhaps you too will see a world of harmony and one with a certain outcome.

* * *

Everything in the world is connected – political, social, economic, fiscal, monetary and financial markets are all intricately linked. Yet, what’s extremely interesting today is that for the first time in our lifetime, they are all converging toward extreme levels simultaneously. And once you see it, be prepared for a champagne supernova smile to wrap around your face and all your troubles to be half the world away.

Chaos or Harmony

To really grasp the enormity of the chaos around the world today, spend a few minutes on our Chart 1.

As we’re an investment management firm, we ultimately


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Here’s Why The New DNC Chair Is About To Make Bernie Supporters Just As Angry

Courtesy of ZeroHedge. View original post here.

Meet Donna Brazile – interim party chair after Debbie Wasserman Schultz (DWS) resignation over Wikileaks-email-leaked proof confirming months of accusations that she had put her thumb on the scales in favor of presumptive nominee Hillary Clinton…

The only problem is… a quick search of Wikileaks leaked DNC email database shows… Brazile is exactly the same as DWS – clearly demonstrating bias against the Sanders’ camp…

And rejecting Sanders’ efforts to battle the rigged super-delegate system as “another lunacy”…

So now, following Bernie’s statement with regard DWS’ resignation…

JUST IN: Bernie Sanders statement on the resignation of DWS: pic.twitter.com/QsZPYmie4f

— Kyle Griffin (@kylegriffin1) July 24, 2016

We suspect, Sanders’ supporters will be screaming for more blood (and rightfully so) and the deeply-rigged nature of today’s body politik spews to the surface once again.

Donna Brazil swiftly corrects Jake tappert when wrongly suggests she supports #HillaryClinton WHOOPS!! Awkward???? pic.twitter.com/VzT4Gt8heL

— DCSportNut (@DCSportNut) January 24, 2016





Presenting “Putin’s Useful Idiot”: Anyone Who Disagrees With The Establishment

Courtesy of ZeroHedge. View original post here.

This weekend we once again got confirmation that any time the generic narrative spectacularly falls apart, and the “establishment” is caught with its pants down (or, in the case of the DNC, engaging in borderline election fraud leading to what the FT just described as “Democrats in turmoil“) what does it do? Why blame Putin of course, and more specifically his “useful idiots”, and hope the whole thing blows over quickly.

Not convinced? Here is the proof.

And of course:

h/t @Bryan MacDonald





Celebrating 45 Years Of Phony Money

Courtesy of ZeroHedge. View original post here.

Authored by Bonner & Partners’ Bill Bonner (annotated by Acting-Man’s Pater Tenebrarum),

$300 Trillion in Debt

After our trip to Las Vegas, we spent one night in Baltimore and then got on another airplane. Standing in line, unpacking bags, getting zapped by X-ray machines – it has all become so routine we almost forget how absurd it is.

A TSA agent waits for passengers to pass through a magnetometer at Los Angeles International Airport (LAX) on November 22, 2010 in Los Angeles, California. Some passengers are subjected to Advanced Imaging Technology AIT scanners that see through clothing to photograph the entire body to reveal undisclosed objects. Increasing use of the scanner at airports by the Transportation Security Administration (TSA) is being met with outrage by many US travelers. Passengers who refuse an X-ray scan are required to undergo an intimate pat down by TSA agents.

Get ready to be invaded, citizen…

 

While armies of TSA agents pat down grandmothers and Girl Scouts, ex-soldiers take aim at the police… nutcases run down tourists with delivery trucks… and a fellow with a grudge against gays nearly wipes out an entire nightclub.

We feel so lucky. It is not every generation that gets to witness so many grotesque things at once. Stocks are at an all-time high. Bond yields are at an all-time low. And never have so many people owed so much to so few.

Dear readers may accuse us of “belaboring the subject.” Or of “beating a dead horse.” But in today’s Diary, we’re going to lay on the whip again. This horse isn’t dead at all. He’s got the bit in his teeth – and is running wild. Stick with us here…

According to our friend Richard Duncan’s latest estimate over at Macro Watch, world debt has climbed to $300 trillion. That’s up from roughly $200 trillion before the 2008 financial crisis. In the world’s five major economies, it has doubled since 2002.

Now, the whole shebang depends on debt. All of this debt is calibrated in “money,” which is the most extraordinary thing of all. The key to understanding today’s economy is to realize that money isn’t wealth and today’s dollar isn’t even money.

1-debt distribution

G-10 distribution of debt as a percentage of GDP (note that a lot of UK debt is financial debt, which is partly a result of London’s importance as a global financial center) – click to enlarge.

Real Limits

Normally, money is just a way of keeping track of wealth. It’s like a clock. A clock isn’t the same as time; it just measures it. The Parasitocracy – led by central banks – pretends that adding more money to the system will make people richer.

That’s why they have lowered interest rates to zero and


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Zero Hedge

Has E.T. Gone Home?

Courtesy of ZeroHedge. View original post here.

UFO sightings have been making headlines again lately, notably with The New York Times running an interesting article about several U.S. Navy fighter pilots encountering mysterious objects near the southeastern coast of the United States.

That high-profile story remains unexplained and so do plenty of other UFO sightings reported by members of the public every year like strange lights crossing the night sky or orange disks hovering in the distance.

However, as Sta...



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Phil's Favorites

Food waste: using sustainable innovation to cut down what we throw away

 

Food waste: using sustainable innovation to cut down what we throw away

shutterstock.

Courtesy of Mehrnaz Tajmir, University of Bath and Baris Yalabik, University of Bath

Our appetite for food is a serious problem. The huge amount of energy, land and water used to fill our supermarket shelves mean that modern overproduction and excessive consumerism are rapidly depleting resources and damaging the planet.

Yet still, more than one-third of the world’s food...



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Kimble Charting Solutions

Doc Copper Is Pushing Higher Off 18-Year Rising Support, Says Joe Friday

Courtesy of Chris Kimble.

Gold & Silver have been hot of late! Is Doc Copper about to do the same? Possible says Joe Friday.

This chart looks at Copper Futures over the past 27-years. Copper has spent the majority of that time inside of rising channel (1).

The decline over the past year has Doc Copper testing 18-year rising support and lows of the past 8-months at (2).

Joe Friday Just The Facts Ma’am- Copper is attempting to rally off of long-term support at (3). As Copper is testing the bottom of this support channel, smart money hedgers are making a bi...



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Insider Scoop

Benzinga's Top Upgrades, Downgrades For July 19, 2019

Courtesy of Benzinga.

Upgrades
  • For American International Group Inc (NYSE: AIG), William Blair upgraded the previous rating of Market Perform to the current rating Outperform. American International Gr earned $1.58 in the first quarter, compared to $1.04 in the year-ago quarter. American International Gr's market-cap stands at $48,358,299,270. At the moment, the stock has a 52-week-high of $56.49 and a 52-week-low of $36.16. American International Gr c...


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Chart School

RTT Plus Chart Book (Sneak Peak)

Courtesy of Read the Ticker.

The magic of support and resistance channel lines and how they direct price. Here are some chart disclosed to members via the RTT Plus service. All charts are a few weeks old. 


XAU bound by parallel channel lines.


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Newmont Mining support from Gann Angles.



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US Dollar index (DXY) dominate cycle ...

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Digital Currencies

Cryptos Suddenly Panic-Bid, Bitcoin Back Above $10k

Courtesy of ZeroHedge. View original post here.

Following further selling pressure overnight, someone (or more than one) has decided to buy-the-dip in cryptos this morning, sending Bitcoin (and most of the altcoins) soaring...

A sea of green...

Source: Coin360

Bitcoin surged back above $10,000...

Ethereum bounced off suppo...



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Biotech

DNA testing companies offer telomere testing - but what does it tell you about aging and disease risk?

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

 

DNA testing companies offer telomere testing – but what does it tell you about aging and disease risk?

A telomere age test kit from Telomere Diagnostics Inc. and saliva. collection kit from 23andMe. Anna Hoychuk/Shutterstock.com

Courtesy of Patricia Opresko, University of Pittsburgh and Elise Fouquerel, ...



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ValueWalk

Professor Shubha Ghosh On The Current State Of Gene Editing

 

Professor Shubha Ghosh On The Current State Of Gene Editing

Courtesy of Jacob Wolinsky, ValueWalk

ValueWalk’s Q&A session with Professor Shubha Ghosh, a professor of law and the director of the Syracuse Intellectual Property Law Institute. In this interview, Professor Ghosh discusses his background, the Human Genome Project, the current state of gene editing, 3D printing for organ operations, and gene editing regulation.

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

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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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

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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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