Citi “Bullish” Gold And Silver

Yesterday’s daily reversal in gold and silver has prompted Citi’s FX Technicals group into a bullish position targeting $1,335 for gold in the short-term.

 

Via Citi FX Technicals,

Silver marginally overshot the 76.4% retracement of the rally from the trend lows in May on the log scale chart

This retracement level came in at $19.65

Additionally Silver posted a bullish daily reversal and momentum has also crossed up from stretched levels

A close above $20.50-62 would add weight to these bullish indications

 

Gold also posted a bullish daily reversal at the lows yesterday

The candle is somewhat similar to that seen on 15 October (although that was not a reversal day so yesterday’s price action is more aggressive)

From the 15 October interim lows, Gold rallied $110 over 10 sessions.

The same this time if seen would put gold at $1,335.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/qN-BujYwWwg/story01.htm Tyler Durden

Citi "Bullish" Gold And Silver

Yesterday’s daily reversal in gold and silver has prompted Citi’s FX Technicals group into a bullish position targeting $1,335 for gold in the short-term.

 

Via Citi FX Technicals,

Silver marginally overshot the 76.4% retracement of the rally from the trend lows in May on the log scale chart

This retracement level came in at $19.65

Additionally Silver posted a bullish daily reversal and momentum has also crossed up from stretched levels

A close above $20.50-62 would add weight to these bullish indications

 

Gold also posted a bullish daily reversal at the lows yesterday

The candle is somewhat similar to that seen on 15 October (although that was not a reversal day so yesterday’s price action is more aggressive)

From the 15 October interim lows, Gold rallied $110 over 10 sessions.

The same this time if seen would put gold at $1,335.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/qN-BujYwWwg/story01.htm Tyler Durden

White House Still Trying to Spin Obamacare, EU Wants Spying Protection, Judge to Rule on Detroit Bankruptcy: P.M. Links

  • A lovely celebration of complete economic failureRealizing the national news
    media is no longer cooperating with positive coverage about the
    Obamacare rollout, the Obama Administration is turning to
    local news media
    instead. They are also working to coordinate a
    media strategy with
    health care groups
    . They still seem to think that the their
    messaging is the problem, don’t they?
  • The European Union is seeking stronger protection against

    U.S. surveillance
    and the right to sue if their data is abused.
    Ha ha ha! Like Americans can currently sue if their data
    is abused.
  • A judge will rule on Dec. 3 whether
    to allow Detroit to declare bankruptcy
    .
  • A federal judge will allow a
    lesbian couple in Illinois to get married
    ahead of the actual
    day their new recognition law takes effect because one of the women
    is terminally ill.
  • Following the negotiations in Iran, Obama is now asking for the
    release a
    former FBI agent
    who disappeared there in 2007.
  • The Obama Administration is calling for a
    crackdown on political campaigning
    by tax-exempt non-profit
    groups. So Organizing for Action is closing its doors when?

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from Hit & Run http://reason.com/blog/2013/11/26/white-house-still-trying-to-spin-obamaca
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Matthew Feeney on Scrapping the Welfare State and Giving People Free Money

The Swiss are set to
vote on whether their country should introduce a basic
national income of 2,500 Swiss Francs ($2,800) a month for every
adult, regardless of their salary or net worth. Although the
particular proposal in Switzerland may not be ideal, that does not
mean, Matthew Feeney argues, that libertarians should shy away from
proposing something similar. Being morally comfortable with some
degree of government wealth redistribution might be contrary to
anarchism, but it is not contrary to libertarianism. Were
libertarians to argue for replacing the current welfare system with
a basic national income we would be better positioned to highlight
that libertarianism is not the heartless and selfish philosophy it
is commonly portrayed as, and it would allow for a more
humane and effective way to deliver welfare than the
current system on offer.

View this article.

from Hit & Run http://reason.com/blog/2013/11/26/matthew-feeney-on-why-we-should-scrap-th
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Woman Claims Corrections Officer Sprayed Mace On Her Vagina

The Huffington Post’s Radley Balko
has highlighted
the case of a New Mexico woman who claims that
a corrections officer sprayed mace on her vagina almost two years
ago. The ACLU is filing a federal lawsuit on the woman’s behalf.
 

The woman, Marlene Tapia, was reportedly strip searched after
being arrested for a probation violation related to a drug case. It
was during this search that Tapia claims her vagina was sprayed
with a substance which Executive Director of ACLU of New Mexico
Peter Simonson says was mace.  

From KOB4:

According to court records, police arrested Tapia for a
probation violation tied to a previous drug case.  While at
the Metropolitan Detention Center, Tapia said two officers strip
searched her and asked her to bend over at the waist.  That’s
when they noticed a plastic baggie protruding from Tapia’s
vagina.

Instead of taking Tapia to a doctor to have the baggie removed,
she said one of the officers – Blanca Zapater – sprayed a chemical
agent directly on her genitals twice.

Simonson said the chemical agent was mace.

Tapia said she suffered “severe pain that lasted for several
weeks including burning, swollen genitals and painful urination,”
according to the court records.

As Balko rightly states:

And so this is where we are with the drug war. Government
officials are shoving fingers, tubes, and cameras up rectums,
sticking hands into vaginas, and spraying mace on genitals, all to
protect us from ourselves — to stop us from getting high. Feel
safer?

For more from Reason.com on police brutality and the drug war
click here and here.

from Hit & Run http://reason.com/blog/2013/11/26/woman-claims-corrections-officer-sprayed
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Turkey Day, Duck Dynasty style

I never thought I would say this, but I am definitely a Duck Dynasty fan. My appreciation for the show, however, was not love at first sight, because I proverbially, “judged the book by its cover.” I thought there was nothing this group of self-professed “rednecks” and I would have in common.

However, one fateful evening I decided to watch the hit series. To my surprise, I found myself smiling at the gentle and country ways of sweet Mrs. Kay, laughing out loud at the slow witticism of Pa Phil and Jase, and busting a gut at Uncle Si, “simply telling the truth, Jack!”

read more

via The Citizen http://www.thecitizen.com/blogs/bonnie-willis/11-26-2013/turkey-day-duck-dynasty-style

Some random Thanksgiving thoughts

The fourth Thursday in November is the day we have historically gathered with family and friends to give thanks for an abundant harvest.

Since fewer families now depend on farming, Thanksgiving has evolved into a series of activities that better suit urban lifestyles. It has become an extended weekend of family gatherings beginning with the traditional Thursday meal followed by four days of watching football and a mad rush into the holiday shopping season.

Thanksgiving is still a traditional time to reflect, and I want to share a few random thoughts of appreciation. I am thankful for:

read more

via The Citizen http://www.thecitizen.com/blogs/scott-bradshaw/11-26-2013/some-random-thanksgiving-thoughts

I remember the year of 2 Thanksgivings

In the summer of 1939 I had whooping cough so bad my left lung collapsed.

It was decided to put me in the Edwin Shaw Sanitarium in my hometown of Akron, Ohio. No comments please, about it being called a sanitarium.

I was to have complete bed rest for six months and not get home until Christmas Day.

We all learned about the First Thanksgiving in school, so I shall not bore you.

Interestingly, the dates were shuffled around by various United States presidents until Abraham Lincoln set a date in stone in 1863.

read more

via The Citizen http://www.thecitizen.com/blogs/carolyn-cary/11-26-2013/i-remember-year-2-thanksgivings

Obama’s Munich

Seeking to create an analogy with the deal the United States negotiated with Iran to supposedly limit further production of its centrifuges, Secretary of State John Kerry chose to recall disarmament agreements between the United States and the Soviet Union.

A better analogy would be the 1938 Munich Pact, which gave Hitler part of Czechoslovakia in the vain hope that war could be avoided. It is worth noting that several of the nations that were signatories in Munich, namely Germany, France and Britain, are also part of the current deal with Iran.

read more

via The Citizen http://www.thecitizen.com/blogs/cal-thomas/11-26-2013/obama%E2%80%99s-munich

Blessings & troubles

If New Year’s is a time to regroup and look toward the upcoming year, then Thanksgiving is a time to gather and reflect on the year that has passed. In our family, it is a time when we thank the good Lord for both the heartaches and the blessings.

We thank Him for the grace that upheld us and saw us through the troubles and His beautiful goodness in the gifts and blessings He bestowed.

read more

via The Citizen http://www.thecitizen.com/blogs/ronda-rich/11-26-2013/blessings-troubles