Jim,
Below is a very good interactive map of the vanishing employment across the country.
The last 6 months are SCARY.
CIGA Tom
Click image to open the interactive map in a new window.
Jim,
For your info.
Thanks for all you do for us!
Respectfully,
CIGA Bernie
Extreme Home Makeover Depression Edition
Inquiring minds are watching a pair of videos from Southern California. Allegedly, banks acquired brand new homes in foreclosure processes, the homes were not quite finished and the banks razed these homes rather than fix code violations.
Extreme Home Makeover Depression Edition Part 1
Extreme Home Makeover Depression Edition Part 2
Dear Bernie,
"Those that want only waste get wasted." The Banksters are headed for the pits themselves.
What a world where destruction is rated higher than construction and is considered a good business plan.
Regards,
Jim
Jim,
I remember that Nov. 2005 analysis which was very similar to the current situation in gold call options. Looks very bullish!
CIGA Larry
Dear Larry,
The COT guys are still building up their shorts so we need some cover there before the way is clear.
Jim
BIG MONEY MOVING INTO COMEX GOLD & SILVER CALL OPTIONS
By Adrian Douglas
In November 2005 when gold was trading about $450 I predicted the mega-move in gold up to $720/oz by noticing a very large build-up of call options in the HUI component shares http://www.marketforceanalysis.com/Pubished%20Articles/assets/Explosive%20Rise%20in%20Gold%20Mining%20Shares%20Coming.pdf)
In August 2007 I identified a massive Gold call option build-up in the COMEX DEC 2007 contract and predicted a big gold move (http://www.marketforceanalysis.com/Published_Articles07_assets/COMEX%20GOLD%20OPTION%20OI.pdf ). Gold was trading at $660/oz at the time and ran up to over $1000/oz by March 2008.
In July of 2008 I noticed a similar build-up in the COMEX December Call options indicating a major upward move in gold before the end of 2008. Considering what transpired in the financial markets from July to December 2008, after I made this prediction, it made perfect sense. We now know, however, that two large banks, probably JPMorgan and HSBC, sold a massive amount of futures short in July 2008 equivalent to 10% of global gold production and changed the intuitive direction of the gold market into a counter-intuitive one. As a result the CFTC was obliged to take note and commenced an investigation into both the silver and gold markets on the COMEX for manipulation. So I think a rain-check is deserved on the 2008 market call until the CFTC officially declares the manipulation or the market blows up (I think the latter will happen before the former!)
