Thursday, December 30, 2010

The Vulcan Report (199) - 2011 Lets all unite and come together neighbor...

General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser.This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.For Related news and other stories please visit - http://www.wideawakenews.com/For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72Be Sure to register for faster updates and commentaries at -BLOG 1: - http://pulsescan.blogspot.com/BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/BULLS make money... BEARS make money.... PIGS get slaughtered!"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!

The Vulcan Report (198) - Black Ops Trading in 2011.mp4

Wednesday, December 29, 2010

The Vulcan Report (197) - How to use Stop Losses to trail your position.mp4

Happy New Year from the ELITE.mp4

The Vulcan Report (196) - Equities TOPPING OUT - MONSTER CORRECTION IN P...

The Vulcan Report (195) - The Next Leg of the Silver Breakout.mp4

Monday, December 27, 2010

12/27/2010 - “Day of Reckoning Is at Hand!”

CBS 60 Minutes: “Day of Reckoning Is at Hand!”

Martin D. Weiss Ph.D. | Monday, December 27, 2010 at 7:30 am

At this very moment, cities and states all across this country are facing their day of reckoning, with far-reaching consequences for the economy, investors and every American citizen.

This morning, I will show why this day is so urgent, how to protect yourself and even how to profit from the crisis. But first …

Some Dire Warnings from the Past

J. Irving Weiss, Abraham Weiss, and Rudy Weiss, circa 1929.

J. Irving Weiss, Abraham Weiss, and Rubin Weiss, circa 1929.

Back in the 1930s, when my father and his brothers were beginning their career on Wall Street, the finances of thousands of cities and dozens of states were in shambles.

More than $5.5 billion or 30% of their bonds defaulted.

Nearly all slashed or even shut down schools, libraries — even police and fire stations.

Dad’s colleagues on Wall Street had said it could never happen. But it did.

Four decades later, when I was in Brazil in 1970, I saw a similar phenomenon.

City budgets were gutted.

Public buildings were sold off to the highest bidder.

Public employees and other creditors waiting for up to six months to get paid.

Today those same cities in Brazil are in much better shape. But, unfortunately, we cannot say the same for our cities and states in the United States.

Indeed, more recently, when I predicted that rich states like California and New York — plus thousands of cities of all sizes around the country — would suffer a similar crisis …

Moody’s, S&P and Fitch
Scoffed and Growled

Moody’s, S&P and Fitch are paid huge fees by thousands of state and local governments for giving them ratings that are typically overinflated.

They’re paid additional fees for rating the insurance companies that supposedly guarantee the municipal bond payments for investors.

And then they rake in all those fees year after year simply by maintaining ratings that are often based on grossly outdated data.

Now, that municipal bond ratings farce — based on payola and riddled with conflicts of interest — is collapsing for three reasons:

First, it’s collapsing because the entire concept of municipal bond insurance — riddled with the same conflicts — has crumbled, just as I warned in The Ultimate Safe Money Guide.

Two of the largest bond insurers — Ambac and FGIC — are already bankrupt, with FGIC now subject to possible liquidation by New York State regulators.

And MBIA Inc., the only surviving bond insurer among the Big Three, has just been downgraded by three notches to B- — deep into junk territory.

Result: Hundreds of thousands of investors who bought insured bonds are now vulnerable. They thought they were buying protection against default. Instead they got little more than a pig in the poke.

Second, it’s collapsing because many cities are years behind in providing accurate financial data … while their finances have deteriorated in a matter of months.

Consequently, a large portion of the data is not only grossly outdated … it’s downright wrong, failing to properly reflect the recent sharp deterioration in local finances.

Third, the muni bond ratings farce is collapsing because of the disastrous situation on the ground. Consider these excerpts from 60 Minutes:

In the two years since the “great recession” wrecked their economies and shriveled their income, the states have collectively spent nearly a half a trillion dollars more than they collected in taxes. There is also a trillion-dollar hole in their public pension funds.
The states have been getting by on billions of dollars in federal stimulus funds, but the day of reckoning is at hand. The debt crisis is already making Wall Street nervous, and some believe that it could derail the recovery, cost a million public employees their jobs and require another big bailout package that no one in Washington wants to talk about.
“The most alarming thing about the state issue is the level of complacency,” Meredith Whitney, one of the most respected financial analysts on Wall Street and one of the most influential women in American business, told correspondent Steve Kroft. …
“It has tentacles as wide as anything I’ve seen. I think next to housing this is the single most important issue in the United States, and certainly the largest threat to the U.S. economy.”

Next, 60 Minutes provides a rundown of the woes of states. It’s shocking. But it barely scratches the surface:

California, which faces a $19 billion budget deficit next year, has a credit rating approaching junk status. It now spends more money on public employee pensions than it does on the state university system, which had to increase its tuition by 32 percent.
Arizona is so desperate it sold off the state capitol, Supreme Court building and legislative chambers to a group of investors and now leases the buildings from their new owner. The state also eliminated Medicaid funding for most organ transplants.
Then there’s New Jersey. It has the highest taxes in the country, a $10 billion deficit and a depressed economy when first-year Governor Chris Christie took office. But after looking at the books, he decided to walk away from a long-planned and much-needed project with New York and the federal government to build a rail tunnel into Manhattan. It would have helped the economy and given employment to 6,000 construction workers.
Gov. Christie acknowledged that’s a lot of jobs. … “The bottom line is I don’t have the money. And you know what? I can’t pay people for those jobs if I don’t have the money to pay them. Where am I getting the money? I don’t have it. I literally don’t have it. … The day of reckoning has arrived. That’s it. And it’s gonna arrive everywhere. Timing will vary a little bit, depending upon which state you’re in, but it’s comin’.”

But if You Think California and New Jersey
Are in Bad Shape, Wait Till You See Illinois!

60 Minutes also interviewed Illinois state paymaster Hynes — a man who currently has about $5 billion in outstanding bills in his office and not enough money in the state’s coffers to pay them.

Care to know how far he’s behind in paying his bills?

Six months — precisely the situation I witnessed decades earlier in Brazil.

And care to know how many people are clamoring for the money? Consider his response to that precise question by the 60 Minutes interviewer: “Tens of thousands if not hundreds of thousands of people waiting to be paid by the state. Pretty much anybody who has any interaction with state government, we owe money to,” Hynes said.

That includes:

University of Illinois, which is owed $400 million.
Small businessmen, such as Mayur Shah, who owns a pharmacy in Chicago and has been waiting months for $200,000 in Medicaid payments.
2,000 not-for-profit organizations that are owed a billion dollars by the state.
And many more creditors.

The big problem:

The more the cities and states slash their budgets … the more it sinks their local economies … and the more additional cuts they have to make.

Governor Christie of New Jersey, for example, cut his budget by 26 percent. He cut billions to schools. He laid off thousands of teachers. He cut another 1,300 state workers. He drastically reduced funding to cities, counties and villages, all in trouble themselves.

Yet, despite all those cuts, New Jersey is STILL facing another $10 billion of red ink in 2011.

And that’s just the immediate problem. Long term, say 60 Minutes and many analysts, it’s much worse. In New Jersey alone — $46 billion in unfunded liabilities to pensions and $66 billion in unfunded liabilities for health care.

Sound familiar? It should. Because it’s happening in states all across the country — and it parallels two looming disasters at the federal level — Social Security and Medicare.

How and When to Buy Tax-Exempt Bonds

Brokers will tell you: “This bond is triple-A. It’s insured. So don’t worry about it.” The main point I’m making today is that you should worry about it. The broker is getting his money out of the deal now. But will he be around to help you get your money out if these bonds go sour?

You suffer the worst losses when a city or state defaults. But the situation doesn’t have to reach that extreme before it begins to cause damage to your portfolio. Indeed, any downgrades will force the market value of your bonds down.

Suppose you need the money for an emergency. Suppose you want to use it for a better investment. Or suppose you want to get out precisely to avoid the possibility of a default down the road. Regardless of the reason, you may have to take a severe loss to do so.

So how do you buy tax-exempt securities? Well, if you feel you must have some in your portfolio, here are some of the steps I recommend:

Step 1. Avoid all unrated municipal bonds. Don’t fall for the argument that the extra yield on a “diversified portfolio of unrated bonds” will cover the extra default risk. This is the same argument that was made about junk corporate bonds. But then junk bond default rates surged, and they were proven wrong.

Step 2. Avoid all low-grade municipal bonds. Although I believe that the rating agencies are often biased toward giving higher ratings than the municipalities deserve, there is still a value in considering the ratings.

This is because, despite any bias, there is still a correlation between grade and quality. In other words, on average, a triple-B bond will indeed be inferior to a triple-A bond. I recommend only AA or higher.

Step 3. If you must have tax-free yield, stay short term. You can use (1) highest grade short-term municipal issues or (2) short-dated muni bond ETFs.

Step 4. Stay on the alert for major buying opportunities in the future. The best time to pick up bargains — and lock in high yields with safety — will be precisely when all of the weaknesses I’ve told you about this morning finally play themselves out.

A friend of my father’s, Ed Ball, was once able to pick up muni bonds in Florida during the 1930s for 10 cents on the dollar. When the market recovered just half way, he made profits in excess of 400% in a very short period of time.

Even if the municipal bond crisis is only half as bad, you are bound to enjoy major buying opportunities. So for the bulk of your money, I suggest you wait.

Step 5. Don’t miss the multitude of profit opportunities this situation is creating starting on the first trading day of 2011— not just in the bond market but in every asset class and sector in the world, including …

Gold and other precious metals
Emerging markets in Asia and South America
Oil and energy
Select foreign currencies
And many more.

http://www.moneyandmarkets.com/cbs-60-minutes-day-of-reckoning-is-at-hand-42084?FIELD9=7

12/27/2010 - Silver & the CME

http://news.silverseek.com/SilverSeek/1293027946.php

A Show Stopper
By: Theodore Butler

-- Posted 22 December, 2010 | Share this article | Discuss This Article - Comments: 1Source: SilverSeek.com

For all those who watched the historic CFTC meeting December 16^th on position limits, no, your eyes didn’t deceive you – the meeting ended strangely and abruptly. No vote was taken on the staff’s proposal and you should be scratching your head at what actually transpired. As strange as the sudden adjournment to the most important meeting in CFTC history might be, there was a wealth of knowledge and confirmation to be drawn from it. This meeting was perhaps the most significant and positive development towards ending the long-term silver manipulation that I have witnessed in my 25 year involvement. Silver investors should come away from this meeting with a strong conviction of how things will turn out.

I know there are deep differences between the five commissioners on the matter of position limits, even though such limits are now mandated by law. I know that the CME Group (COMEX and NYMEX) is pulling out all stops to prevent, delay and water down any position limits that may be enacted. But I also know that there is one glaring truth that accounts for the dissention and turmoil revealed at the meeting. This is all about silver and its manipulation. If it weren’t for silver, this meeting and the issue of position limits would be a non-event. There is no current concentration problem in any other commodity.

Because of the fact that silver has been manipulated in price and position limits would terminate that manipulation, the CME and JPMorgan want to derail any move towards these limits. Keep this fact in mind, as it is the central issue. When it comes to market regulation and silver the CME Group does not do the right thing. They are only interested in their bottom line and the devil with everyone else. However, the CME is designated as a self-regulatory organization by law, which means they have special responsibilities as a front line defense against market wrongdoing.

This is an issue in which the public has spoken loud and clear and it is downright un-American to solicit public opinion and then to ignore that opinion. My sense is that the CFTC is trying to be as accommodative to the CME exchange as possible, in order to ease the way into new position limits, as required by law. Instead, the CME turned increasingly hostile to any change in position limits. My advice to the CFTC is to stop trying to reason with the CME and take the proper measures to end the silver crime in progress.

Commissioner Bart Chilton, much to his credit, made a number of recent statements that gave me great encouragement. He has confirmed that a single entity controlled 35% to 40% of the short side of COMEX silver earlier this year. (He didn’t identify JPMorgan as the entity, because he is precluded by law from doing so.) Chilton also indicated that he thought a 1500 contract limit for silver to be reasonable.

But it was something that Chilton said in a speech two days before the meeting that rocked me. In essence, Chilton proposed that any time a trader hits the proposed position limit and is holding a hedge exemption from position limits the agency would closely review the details of the underlying swaps that allowed the exemption. Importantly, Chairman Gensler ratified Chilton’s approach at the hearing and directed the staff to initiate this approach immediately. The chairman’s exact words were, “Make it so.”

Why was I rocked? Because I thought the agency was already doing this. Then it dawned on me that verifying whether the OTC swaps position that allowed JPMorgan to hold the obscenely concentrated COMEX short position was handled by the CME as part of their role as a SRO (self-regulatory organization). The CFTC never got to examine the details of what swaps justified JPMorgan’s concentrated silver short position, just the CME. In an instant, I knew how the silver scam was allowed to continue this long. The exchange decided what OTC swaps were legitimate, not the CFTC. But with Chilton’s Position Points approach, it would now be the agency doing the verification. Talk about a game changer.

I have to speculate on what I think the CFTC will find when they examine JPMorgan’s swap book. Mine is not a new speculation, but one I had written about before in many article, starting more than 7 years ago. When the CFTC opens JPMorgan’s swap book, I believe they will find it littered with Chinese names. Here’s an article from a year ago that also contains links to earlier articles on this theme http://news.silverseek.com/TedButler/1252075929.php

JPMorgan must have some reason to justify the big concentrated COMEX silver short position. If they claim that they are long silver OTC swap positions as an offset to their COMEX short position, it becomes critical that the CFTC inquire who is holding the short side of the OTC silver swaps. My belief is that it will be Chinese interests on the short side of the swap. Such a finding will lead the CFTC to conclude that it is really China holding the concentrated silver short position and they are using JPMorgan and the CME Group as their dupes to carry out the silver manipulation. This wouldn’t absolve JPMorgan or the CME for enabling Chinato manipulate silver, but actually make it worse. A foreign super power and clear rival to US national interests being aided and abetted in the serious market crime of manipulation in the price of a vital world commodity by leading US financial firms is almost too outrageous to contemplate. Yet that is exactly what I think has occurred.

I did not pick interests in China out of the thin air. As the largest producer of silver in the world (mining plus refining), it would sound plausible for them to be short (but never to the extent it has reached on their surrogate COMEX position held by JPM). More importantly, rogue traders from China have had a regular habit of betting on the short side of world commodities that their country consumes with a ravenous appetite, although that would not appear to make sense. Two examples that come to mind are disastrous bets on the short side of oil and copper five or six years ago.

It made no sense for Chinese traders to have bet the short side big in oil or copper. Yet it happened. Just because it makes no sense for someone from China to have bet big on the short side of silver doesn’t mean it couldn’t happen. Let’s face it – someone is and has been short on silver, all the way up from the single digits. It will go down as the single dumbest trade in history when all is said and done, taking the title away from Barrick Gold and Anglo Ashanti for their dumb short gold trades.

If my premise is correct, not only has the CME looked the other way when examining the offsetting OTC swaps of JPMorgan, it means that they also looked the other way when Bear Stearns held the big concentrated COMEX silver short position and AIG Trading before them. In other words, the CME got into a long term habit of looking the other way. It also explains why they are so opposed to any legitimate reform of the concentrated silver short position. What makes manipulation the most serious market crime possible is because it distorts the law of supply and demand and misallocates capital resources. Were it not for the long-term silver manipulation and the distortion of the price, we would not be on the verge of a physical shortage.

http://news.silverseek.com/SilverSeek/1293027946.php

Thursday, December 23, 2010

Black Ops Trading - NEW Automated spreadsheet - 12-23-2010.mp4

Wednesday, December 22, 2010

The Vulcan Report (193) - The Final Stage of Economic Collapse - The END...

Sunday, December 19, 2010

The Vulcan Report (192) - Gold and Silver spot prices vs Government mani...

12/20/2010 - Gold Spot/Futures

THE VULCAN REPORT
Review of $GC - 100 OZ GOLD ELECTRONIC Continuous (@:1GCc1#I)
as of Friday, December 17, 2010

Today's Price Action

Change 8.2000 (0.60%) prices closed higher than they opened. with strong Bids going into the close.

A hammer occurred (a hammer has a long lower shadow and closes near the high). Hammers must appear after a significant decline or when prices are oversold to be valid. When this occurs, it usually indicates the formation of a support level and is thus considered a bullish pattern.

A hanging man occurred (a hanging man has a very long lower shadow and a small real body). This pattern can be bullish or bearish, depending on the trend. If it occurs during an uptrend (which appears to be the case with $GC - 100 OZ GOLD ELECTRONIC Continuous) it is called a hanging man line and signifies a reversal top. If it occurs during a downtrend it is called a bullish hammer.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

   MARKET SENTIMENT

PulseScan Swing Vix

PulseScan: -7.53
Swing Vix: -5.74

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 7 period(s) ago. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.

*The last signal was a Over-Bought Sell 49 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.The Swing Vix has set a new 14-period low while the security price has not. This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.

  *Since the last Swing Vix signal, $GC - 100 OZ GOLD ELECTRONIC Continuous's price has decreased 0.28%, and has ranged from a high of 1,407.6000 to a low of 1,362.5000.

   MOMENTUM

   MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.

   TREND STRENGTH - STRONG - Bullish Trend,

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,237.4451
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,234.7158
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,354.7380
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 1,384.5918

INTRADAY PRICE PROJECTIONS
RESISTANCE 1,375.7424
SUPPORT 1,368.7576

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,407.6000
PulseWave BreakOut SUPPORT - 1,372.0000

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,818.4099
Long term Trend Line resistance is currently at - 1,431.1000
Long term Trend Line support is currently at - 1,237.4451

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 2,980.3398
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,593.0298
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,205.7197

VOLATILITY
On 12/17/2010, $GC - 100 OZ GOLD ELECTRONIC Continuous closed
above the lower band by 42.5%.

This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.

12/20/2010 - Silver Spot/Futures

THE VULCAN REPORT
Review of $SI - SILVER 5000 ELECTRONIC Continuous (@:1SIc1#I)
as of Friday, December 17, 2010

Today's Price Action

Change 35.6001 (1.24%) prices closed higher than they opened. with strong Bids going into the close.

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

   MARKET SENTIMENT

PulseScan Swing Vix

PulseScan: 16.30
Swing Vix: 15.59

The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 2 period(s) ago. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.

*The last signal was a Over-Bought Sell 8 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging.

  *Since the last Swing Vix signal, $SI - SILVER 5000 ELECTRONIC Continuous's price has decreased 0.38%, and has ranged from a high of 2,925.0000 to a low of 2,840.0000.

   MOMENTUM

   MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.

   TREND STRENGTH - STRONG - Bullish Trend,

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,275.6499
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,054.2065
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 2,580.8132
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 2,884.4382
Today's Rally pushed prices on the close above the short term trendline support

INTRADAY PRICE PROJECTIONS
RESISTANCE 2,913.7500
SUPPORT 2,886.2500

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,976.5000
PulseWave BreakOut SUPPORT - 2,801.0000

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 4,655.7002
Long term Trend Line resistance is currently at - 3,069.0000
Long term Trend Line support is currently at - 2,275.6499

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 9,415.7998
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 7,829.0996
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 6,242.3999

VOLATILITY
On 12/17/2010, $SI - SILVER 5000 ELECTRONIC Continuous closed
below the upper band by 32.8%.

12/19/2010 - Silver Bulls, Silver Bulls: It's Celebrating Time In Precious Metals

Silver Bulls, Silver Bulls: It's Celebrating Time In Precious Metals
Bob Prechter reveals how today's silver boom is similar to that of 1980

By Nico Isaac

Tune your dulcimers. There's a new financial twist on an old holiday jingle and it goes like this:

"Traders cheering, speculators dealing, meeting smile after smile.

And on every Wall Street-corner you'll hear

'Silver bulls, Silver bulls, this market's going to the moon'

Ring a ling, hear them sing, Soon it will be A White Metal Boom"

In a chestnut shell: Silver has become one of the strongest performing metals of 2010. To illustrate just how strong: The Grand Poobah of precious metals, Gold, soared 26% in the last year. That's grapes compared to silver's 70%-plus rally to a 30-year high over the same period.

And, according to the mainstream experts, the wind of " fundamentals" is firmly at silver's back. The way they see it, there are three main factors that will contribute to the white metal's red hot winning streak:

1) Technological use: "Silver's... increasing demand for technology has helped drive prices higher. All those new TV's we're buying; every one of them has a unit of silver in it for reflective properties."(Financial Post)

2) Necessity premium: "Silver demand is largely price inelastic -- people will always buy it regardless of price." (Associated Press)

3) Demand outstrips supply: "The world supply of silver is being rapidly consumed... [leading to] the evaporation of stockpiles." (Commodity Online)

Sound familiar?

It absolutely should. See, in his brand-new December 15, 2010 Elliott Wave Theorist, EWI president Bob Prechter recalls how he "read about these" exact same bullish fundamentals in silver's DNA over 30 years ago -- in a famous 1982 book. In it, the author cited these "four primary causes for a renewed silver boom" --

1) "The electronics industry has exploded with new technology..."

2) "The soaring demands for silver are price inelastic."

3) "While demands for silver are soaring, market supplies are declining."

4) "The US Treasury" has stopped selling silver to "fill the gap between production and consumption."

As Bob Prechter observes:

"Every one of these statements was -- and still is -- correct. If markets follow the rules of mechanics, silver would have risen to the moon for the stated reasons. But silver had already peaked at $50 per ounce two years prior to the book's publication. It did not bottom until 13 years later after falling an incredible 93% in value..."

The visual illustration below captures the full extent of silver's violent 1980 reversal and subsequent two-decade-long bear trend.

The question is -- will silver's history repeat itself now?

http://www.elliottwave.com/freeupdates/archives/2010/12/16/Silver-Bulls-Silver-Bulls-It-s-Celebrating-Time-In-Precious-Metals.aspx

Thursday, December 30, 2010

The Vulcan Report (199) - 2011 Lets all unite and come together neighbor...

The Vulcan Report (198) - Black Ops Trading in 2011.mp4

Wednesday, December 29, 2010

The Vulcan Report (197) - How to use Stop Losses to trail your position.mp4

Happy New Year from the ELITE.mp4

The Vulcan Report (196) - Equities TOPPING OUT - MONSTER CORRECTION IN P...

The Vulcan Report (195) - The Next Leg of the Silver Breakout.mp4

Monday, December 27, 2010

12/27/2010 - “Day of Reckoning Is at Hand!”

CBS 60 Minutes: “Day of Reckoning Is at Hand!”

12/27/2010 - Silver & the CME

Thursday, December 23, 2010

Black Ops Trading - NEW Automated spreadsheet - 12-23-2010.mp4

Wednesday, December 22, 2010

The Vulcan Report (193) - The Final Stage of Economic Collapse - The END...

Sunday, December 19, 2010

The Vulcan Report (192) - Gold and Silver spot prices vs Government mani...

12/20/2010 - Gold Spot/Futures

12/20/2010 - Silver Spot/Futures

12/19/2010 - Silver Bulls, Silver Bulls: It's Celebrating Time In Precious Metals

Silver Bulls, Silver Bulls: It's Celebrating Time In Precious Metals
Bob Prechter reveals how today's silver boom is similar to that of 1980

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Thursday, December 30, 2010

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Monday, December 27, 2010

CBS 60 Minutes: “Day of Reckoning Is at Hand!”

Thursday, December 23, 2010

Wednesday, December 22, 2010

Sunday, December 19, 2010

Silver Bulls, Silver Bulls: It's Celebrating Time In Precious Metals Bob Prechter reveals how today's silver boom is similar to that of 1980

Silver Bulls, Silver Bulls: It's Celebrating Time In Precious Metals
Bob Prechter reveals how today's silver boom is similar to that of 1980