The Obama administration, already charged with providing political cover for BP in the Gulf of Mexico mega-oil disaster, is also charged with allowing BP to renege on agreements between the firm, the US Environmental Protection Agency (EPA), and the state of Indiana to prevent pollution of Lake Michigan from the firm’s Whiting, Indiana refinery near […]

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The recent Shanghai Surprise has been breaking that potential bullish triangle I outlined several weeks ago with a downside break of 2900. Subscribers to TheMarketTrendForecast.Com may recall that was my line in the sand for the SSEC index to remain bullish. With the break of that possible bull triangle, the SSEC index has […]

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It has been an interesting week in the market as stocks and commodities push to extreme support levels. Below I have posted some charts showing where the market is currently trading at and what I think is likely to unfold.
Gold Futures - 4 Hour Candle Stick Chart
The price of Gold is testing a key support […]

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In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a frozen oil blob […]

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The plunge in oil prices in the wake of the euro crisis has OPEC worried.
Qatar oil minister Abdullah bin Hamad Al Attiyah emerged as an unofficial spokesman for the oil cartel over the weekend in a series of news agency reports from the Gulf that signaled the group’s concern.On Monday, as oil futures briefly […]

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Oil Market Summary from: 05/10/2010 to 05/14/2010
Crude oil prices plunged nearly 4% on Friday and were off almost 20% from their 18-month high less than two weeks ago, as the euro continued to lose ground against the dollar and U.S. oil inventories continued to build.
The benchmark West Texas Intermediate contract settled at $71.61 a barrel […]

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Last week was amazing for both gold and index traders as gold surged higher and the SP500 tested a key resistance then fell 4% in our favor. The past couple weeks with the mini market crash and Euro issues making the market extra volatile both gold and the broad market (SP500) index has been wild.
The […]

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We were in front of this latest downdraft and also correct in my bullish projections for Gold at the same time.  Gold has hit 1210, the SPY has hit sub 113, which was the initial area for a minimum bottom.  We have to put aside some of the computer related problems and look at around […]

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Gold’s break out to new highs has very bullish connotations going forward. It puts the odds squarely in favor of a C-wave continuation.

I will go over expectations and cyclical structure for a second leg of the C-wave in tonight’s report for subscribers.
For those of you thinking about getting side tracked by a meaningless daily cycle […]

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In what has now become the normal in expectations, European policy makers have announced a 750 BILLION EURO bailout policy late Sunday evening in defense of the Euro currency and a show of force between the USA FED, the European Central bank, the Bank of Japan, the Bank of Canada and the Bank of England. […]

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