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Thursday, June 30, 2011

7/1/2011 - CRUDE OIL FUTURES

THE VULCAN REPORT
Review of CRUDE OIL FUTURES (US@CL.1)
as of Thursday, June 30, 2011


Today's Price Action


Change   prices closed lower than they opened.  0.1400 (0.15%)  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:    -23.55
Swing Vix:    -26.10


The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    2 period(s) ago. The 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 41 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, CRUDE OIL FUTURES's price has increased 2.17% , and has ranged from a high of  95.84 to a low of  90.44.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at-    92.79.


        TREND STRENGTH - ,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    92.79
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    91.34
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -    98.65 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -    93.73 


INTRADAY PRICE PROJECTIONS
RESISTANCE    95.92
SUPPORT    93.78


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    95.70
PulseWave BreakOut SUPPORT -    89.61




VOLATILITY
On 6/30/2011, CRUDE OIL FUTURES closed   
above the lower band by 43.1%.
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.     



Risk Disclosure
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education onlyThe 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/pulsescan72


Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
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BULLS make money... BEARS make money.... PIGS get slaughtered!


"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!

7/1/2011 - EMINI NASDAQ 100 FUTURES


THE VULCAN REPORT
Review of Emini NASDAQ 100 (US@NQ.1)
as of Thursday, June 30, 2011


Today's Price Action


Change   26.7500 (1.17%) prices closed higher than they opened.  with strong Bids going into the close.


Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     30.21
Swing Vix:     24.46


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   12 period(s) ago. The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance before the underlying security.  
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  


*The last signal was a Over-Sold Buy  7 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.
      
  *Since the last Swing Vix signal, Emini NASDAQ 100's price has increased 3.10% , and has ranged from a high of 2,323.50 to a low of 2,174.00.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,063.00.


        TREND STRENGTH - ,




TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,063.00
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,167.25
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 2,291.50 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 2,256.36


INTRADAY PRICE PROJECTIONS
RESISTANCE 2,325.30
SUPPORT 2,285.70

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,258.50
PulseWave BreakOut SUPPORT - 2,191.50



VOLATILITY
On 6/30/2011, Emini NASDAQ 100 closed   above the upper band by 4.1%.




Risk Disclosure
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education onlyThe 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/pulsescan72


Be 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"!!

7/1/2011 - SILVER FUTURES

THE VULCAN REPORT
Review of SILVER FUTURES (US@SI.1)
as of Thursday, June 30, 2011


Today's Price Action


Change   prices closed lower than they opened.  6.2000 (0.18%)  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:    -31.71
Swing Vix:    -31.94


The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days   
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 47 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, SILVER FUTURES's price has been unchanged, and has ranged from a high of 3,514.00 to a low of 3,445.00.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 3,357.25.


        TREND STRENGTH - ,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 3,357.25
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 3,016.22
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 3,640.96 
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 3,492.72 


INTRADAY PRICE PROJECTIONS
RESISTANCE 3,517.45
SUPPORT 3,441.55


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 3,677.00
PulseWave BreakOut SUPPORT - 3,338.00




VOLATILITY
On 6/30/2011, SILVER FUTURES closed   
above the lower band by 30.3%.


Risk Disclosure
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education onlyThe 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/pulsescan72


Be 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"!!

6/30/2011 - 50 U.S. Health Care Statistics That Will Absolutely Astonish You

By Michael Snyder - BLN Contributing Writer


The U.S. health care system has become one gigantic money making scam, and you are about to see the statistics that prove it.  Today, the United States spends more on health care per person than any other country in the world by far.  The health insurance companies and the big pharmaceutical corporations are raking in gigantic mountains of cash and yet the quality of the health care that we receive in return is rather quite poor.  People living in Puerto Rico have a greater life expectancy than we do.  Residents of Cuba have a lower infant mortality rate than we do.  We are the most medicated population on the planet and yet we are also one of the sickest.  If the U.S. health care system was a country, it would have the 6th largest economy on the globe and yet rates of cancer, heart disease and diabetes continue to increase.  The U.S. health care statistics that you are about to read below are absolutely stunning.  For as much money as we shell out for health care, we should have the greatest system in the entire world.  But we don’t.  Something has gone horribly wrong.

As you read this, there are hordes of health bureaucrats and greedy corporate fatcats that are becoming incredibly wealthy while the rest of us go broke trying to pay for our health care.  In the United States today, health care bills cause more bankruptcies than anything else does.  Millions of Americans are afraid to go to the hospital because they know that even a short visit would be a huge financial burden.

Sadly, our politicians in Washington D.C. continue to make the problem worse.  Obamacare was one of the worst pieces of legislation that anyone has ever come up with in the history of the United States.  You could put a thousand monkeys in a room with a thousand typewriters for a thousand years and they wouldn’t come up with anything as bad as Obamacare.  Rather than doing something to address the abuses of the health insurance companies and the pharmaceutical corporations, Obamacare actually gives them more power.  In fact, huge portions of Obamacare are virtually identical to a bill that was written by the health insurance trade association in 2009.  Under Obamacare our health care costs will go up even faster and the quality of our health care will continue to go down.  So please don’t try to tell me that Obamacare is the solution to anything.

The health care system in the United States is so broken that it probably cannot be repaired.  The entire thing needs to be dismantled and completely reinvented.

If you doubt this, just check out the stats that I have compiled below.

As I put together this list of statistics, Business Insider proved to be a very valuable resource.  In addition, I relied heavily on the following articles which I previously authored….

The following are 50 U.S. health care statistics that will absolutely astonish you….

#1 What the United States spent on health care in 2009 was greater than the entire GDP of Great Britain.

#2 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980.  Today they account for approximately 16.3%.

#3 The United States spent 2.47 trillion dollars on health care in 2009.  It is being projected that the U.S. will spend 4.5 trillion dollars on health care in 2019.

#4 One study found that approximately 41 percent of working age Americans either have medical bill problems or are currently paying off medical debt.

#5 According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States.  Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.

#6 Over the past decade, health insurance premiums have risen three times faster than wages have in the United States.

#7 The chairman of Aetna, the third largest health insurance company in the United States, brought in a staggering $68.7 million during 2010. Ron Williams exercised stock options that were worth approximately $50.3 million and he raked in an additional $18.4 million in wages and other forms of compensation.  The funny thing is that he left the company and didn’t even work the whole year.

#8 The top executives at the five largest for-profit health insurance companies in the United States combined to receive nearly $200 million in total compensation for 2009.

#9 Even as the rest of the country struggled with a deep recession, U.S. health insurance companies increased their profits by 56 percent during 2009 alone.

#10 According to a report by Health Care for America Now, America’s five biggest for-profit health insurance companies ended 2009 with a combined profit of $12.2 billion.

#11 In the United States, health insurance administration expenses account for 8 percent of all health care costs.  In Finland, that figure is just 2 percent.

#12 Health insurance rate increases are getting out of control.  According to the Los Angeles Times, Blue Shield of California announced plans earlier this year to raise rates an average of 30% to 35%, and some individual policy holders were slated to see their health insurance premiums rise by up to 59 percent.

#13 According to an article on the Mother Jones website, health insurance premiums for small employers in the U.S. increased 180% between 1999 and 2009.

#14 Since 2003, health insurance companies have shelled out more than $42 million in state-level campaign contributions.

#15 There were more than two dozen pharmaceutical companies that made over a billion dollars in profits each during 2008.

#16 Each year, tens of billions of dollars is spent on pharmaceutical marketing in the United States alone.
#17 Prescription drugs cost about 50% more in the United States than they do in other countries.

#18 Nearly half of all Americans now use prescription drugs on a regular basis according to a CDC report that was recently released. According to the report, approximately one-third of all Americans use two or more pharmaceutical drugs, and more than ten percent of all Americans use five or more drugs on a regular basis.

#19 According to the CDC, approximately three quarters of a million people a year are rushed to emergency rooms in the United States because of adverse reactions to pharmaceutical drugs.

#20 The Food and Drug Administration reported 1,742 prescription drug recalls in 2009, which was a gigantic increase from 426 drug recalls in 2008.

#21 Children in the United States are three times more likely to be prescribed antidepressants than children in Europe are.

#22 The percentage of women taking antidepressants in America is higherthan in any other country in the world.

#23 Lawyers are certainly doing their part to contribute to soaring health care costs.  According to one recent study, the medical liability system in the United States added approximately $55.6 billion to the cost of health care in 2008.

#24 According to one doctor interviewed by Fox News, “a gunshot wound to the head, chest or abdomen” will cost $13,000 at his hospital the moment the victim comes in the door, and then there will be significant additional charges depending on how bad the wound is.

#25 Why are c-sections on the rise?  It is because a vaginal delivery costs approximately $5,992, while a c-section costs approximately $8,558.

#26 According to the CIA World Factbook, the United States had a higher infant mortality rate than 45 other nations in 2009.

#27 The infant mortality rate in the United States is nearly three times as high as it is in Singapore.

#28 It is estimated that hospitals overcharge Americans by about 10 billion dollars every single year.

#29 In fact, one trained medical billing advocate says that over 90 percent of all the medical bills that she has audited contain “gross overcharges“.

#30 It is not uncommon for insurance companies to get hospitals to knock their bills down by up to 95 percent, but if you are uninsured or you don’t know how the system works then you are out of luck.

#31 Over the last decade, the number of Americans without health insurance has risen from about 38 million to about 52 million.

#32 People living in the United States are three times more likely to have diabetes than people living in the United Kingdom.

#33 Today, people living in Puerto Rico have a greater life expectancy than people living in the United States do.

#34 According to OECD statistics, Americans are twice as obese as Canadians are.

#35 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid.

#36 The U.S. government now says that the Medicare trust fund will run outfive years faster than they were projecting just last year.

#37 It is being projected that the federal government will account for more than 50 percent of all health care spending in 2012.

#38 Greece has twice as many hospital beds per person as the United States does.

#39 The state of California now ranks dead last out of all 50 states in the number of emergency rooms per million people.

#40 According to one survey, approximately 1 out of every 4 Californians under the age of 65 has absolutely no health insurance.

#41 According to a PricewaterhouseCoopers report, “inefficient claims processing” costs the U.S. health care system 210 billion dollars every single year.

#42 Today, approximately 40% of all U.S. doctors are age 55 or older.

#43 According to the American Association of Medical Colleges, we were already going to be facing a shortage of more than 150,000 doctors over the next 15 years even before Obamacare was passed.

#44 An IBD/TIPP poll taken back in August 2009 found that 4 out of every 9 American doctors said that they “would consider leaving their practice or taking an early retirement” if Congress passed Obamacare.

#45 According to a survey published in the New England Journal of Medicine, approximately one-third of all practicing physicians in the United States indicated that they may leave the medical profession because of the new health care law.

#46 According to a Merritt Hawkins survey of 2,379 doctors that was conducted in August 2010, 40 percent of all U.S. doctors plan to “retire, seek a nonclinical job in health care, or seek a job or business unrelated to health care” at some point over the next three years.

#47 According to the executive director of Physician Hospitals of America, Obamacare has already forced the cancellation of at least 60 doctor-owned hospitals that were scheduled to open soon.

#48 According to a report released in 2010, Americans spend approximately twice as much as residents of other developed countries do on health care.

#49 If the U.S. health care system was a country, it would be the 6th largest economy in the entire world.

#50 According to numbers released by Deloitte Consulting, a whopping875,000 Americans were “medical tourists” in 2010.




http://www.blacklistednews.com/?news_id=14466

6/30/2011 - Greece passes austerity, but riots seize capital

Greece fended off a bankruptcy that would have roiled global markets and threatened the future of the euro when lawmakers on Wednesday backed controversial austerity measures in the face of violent protests.
Investors cheered the bill -- which aims to cut spending and raise taxes by euro28 billion ($40 billion) and raise euro50 billion ($71 billion) in privatizations over five years -- but, in Athens, the mood was dark. In a haze of tear gas, protesters hurled anything they could find at riot police and tried to blockade the Parliament building.
A Greek default would threaten the viability of the euro, the EU's common currency, and send shock waves through global markets similar to those that kicked off the global financial meltdown after the collapse of Lehman Brothers in 2008.
While world markets rose on the news that the bill passed, Greece is not yet out of the woods. The bill -- along with another that must be passed Thursday on implementing the austerity package -- will release the next euro12 billion ($17 billion) installment of a euro110 billion ($157 billion) international bailout from the European Union and the International Monetary Fund. Eurogroup head Jean-Claude Juncker indicated after the vote that Greece would get the fifth batch of its bailout loans.
But many Greeks complain they have already paid dearly in a year that has seen public sector salaries and pensions cut and unemployment rise to above 16 percent.
"This is bad, the country will be sold for a piece of bread," said Dimitris Kostopoulos, a 48-year-old insurer who was protesting Wednesday. "There were many other more appropriate alternatives to this. Parliament has once again betrayed us."
The next installment Greece hopes to get will only see it through September, leaving open the question of how the country, burdened with piles of debt, will right itself.
On Sunday, eurozone finance ministers will meet in Brussels to make progress on a second bailout for Greece that is hoped will address more long-term problems. As part of that plan, banks are expected to share some of the burden, possibly by rolling over Greek bonds that they hold, as French banks have already volunteered to do.
Prime Minister George Papandreou has said the second bailout will be roughly the same size as the first.
But many economists expect even that reprieve will not be enough, and Greece will need a more significant restructuring of its debt.
"We must avoid the country's collapse with every effort," Papandreou said before the vote. "Outside, many are protesting. Some are truly suffering, others are losing their privileges. It is their democratic right. But they and no one else must never suffer the consequences ... of a collapse."
But the specter of continued protests could undermine the government's ability to implement the harsh austerity measures, which slap taxes on even some of the lowest-paid Greeks and raise consumer taxes during a recession.
"While approval of the package is an essential first step toward Greece getting the much-needed funding it needs from the EU/IMF to meet its upcoming financial obligations, they are not out of the water just yet," said Carl Campus, an analyst at BMO Capital Markets.
As lawmakers voted, stun grenades echoed across the square outside Parliament and acrid clouds of tear gas and orange and green mist from smoke bombs and flares hung in the air. Several banks and storefronts were smashed, while a Socialist dissenter who backed the government at the last minute, Alexandros Athanassiadis, was briefly assaulted by protesters after leaving Parliament on foot.
Violence continued throughout the afternoon, and smoke billowed from a post office beneath the Finance Ministry, before the fire was put out. Rioters set up burning barricades along Syntagma Square, where demonstrators have staged a sit-in for the past month. Nearby streets were littered with thousands of chunks of smashed marble and ripped up paving stones used to throw at police.
A general strike that began Tuesday also ground the country to a halt, grounding planes, docking ferries and stranding tourists during the busy summer season.
By Wednesday night, police said 38 officers had been injured, including one who was seriously hurt when he was hit in the face by a chunk of marble. Thirty protesters were detained, with 11 of them arrested. Emergency services said they had treated 47 protesters for injuries.
Dozens of injured were treated at a makeshift first aid center set up inside the square's metro station. Most were treated for breathing problems, contusions and broken bones, volunteers at the first aid center said, appealing for medical supplies.
Across Europe, officials hailed the vote as an act of "national responsibility" and urged Greek lawmakers to follow up with another positive vote Thursday.
"That's really good news," German Chancellor Angela Merkel said when told of the outcome of the vote on her way out of an economic forum in Berlin. Germany is Greece's biggest creditor.
In a joint statement, the heads of the EU commission and council, Jose Manuel Barroso and Herman Van Rompuy, said Greece had taken "a vital step back -- from the very grave scenario of default."
Equally, relief was the main response in markets. Soon after the vote, the euro was trading at a fairly elevated level around the $1.44 mark while stock markets around the world were posting big gains.
The unpopular package of spending cuts and tax hikes passed by 155 votes to 138, with five opposition deputies voting "present" -- a ballot which backs neither side.

http://www.roguegovernment.com/Greece_passes_austerity%2C_but_riots_seize_capital/26095/0/8/8/Y/M.html

6/30/2011 - Bailout Battlefield: Greeks fight against foreign fiscal take-over

6/30/2011 - Austerity Riots – A Glimpse Of America’s Future?

Source: The American Dream

Are the austerity protests and riots happening in Greece right now a glimpse of America’s future?  The truth is that both nations are absolutely drowning in debt.  It is just that the “day of reckoning” has already arrived for Greece but it has not arrived for the United States yet.  Yes, there are some important differences between the situation in Greece and the situation in the U.S., but there are also some important similarities.  Budget cuts and other austerity measures are being promoted by the political leaders of both countries. Greek citizens have reacted very negatively to the economic austerity programs that have been implemented in that nation.  As budget cuts on the federal, state and local levels in the United States start to really become painful, will we eventually see the same kind of austerity riots in this country that we are currently seeing in Greece?
There is a price to pay for living way, way beyond your means for decades.  The citizens of Greece are now feeling that economic pain.  In the United States, the pain of austerity is not being felt that severely yet.
So exactly what are austerity measures?  Well, in Greece they include tax increases, budget cuts and “privatization measures”.  The Greek government is swamped under an unpayable debt load and without international assistance the Greek government will default.
But all of that “international assistance” comes with strings.  The EU and the IMF are insisting on the implementation of very strict austerity measures, and the Greek people are not thrilled about this.
Greek Prime Minister George Papandreou is telling the Greek people that it is their patriotic duty to accept these austerity measures, but most of the Greek population is not buying it.
The truth is that these international “bailouts” are just more new loans.  What the EU and the IMF are proposing is that Greece should go into even more debt and hand over even more sovereignty.
But Greece will not be able to pay back these new loans either.  In fact, these new loans will just enslave them to debt even further.  Sadly, Greece appears destined to default sooner or later regardless.
Meanwhile, big banks and big corporations are quite eager to purchase all of the juicy assets and pieces of land that the Greek government is being ordered to “privatize”.
Are you starting to understand why Greek citizens are so upset?
A lot of Greek citizens are quite apprehensive about the new austerity measures that are being proposed because the previous austerity measures have pushed many of them to the breaking point.  The following is a brief excerpt from a recent Daily Mail article about the situation in Greece….
‘They cut our pay by 25 percent and a lot of people in my department have not been paid for two months,’ said 52 year-old civil servant Yannis Zaharopoulos.
‘We have got to the point where families cannot make it. We are financially and psychologically wrecked.’
What would you do if your pay had already been cut by 25 percent, you had not been paid for two months and now the government was trying to push even more austerity measures down your throat?
The sad reality of the matter is that, as an article in The Guardian recently explained, austerity has taken a vicious toll on the Greek economy….
A year of wage and pension cuts, benefit losses and tax increases has taken its toll: almost a quarter of the population now live below the poverty line, unemployment is at a record 16% and, as the economy contracts for a third year, economists estimate that about 100,000 businesses have closed.
Today, there are strikes and austerity riots all over the nation of Greece.  The nation is literally falling to pieces.  Tens of thousands of protesters are violently clashing with police.  Stunning video of some of these protests is posted below….


6/30/2011 - Iceland Declares Independence from International Banks

Iceland is free.  And it will remain so, so long as her people wish to remain autonomous of the foreign domination of her would-be masters — in this case, international bankers.
On April 9, the fiercely independent people of island-nation defeated a referendum that would have bailed out the UK and the Netherlands who had covered the deposits of British and Dutch investors who had lost funds in Icesave bank in 2008.
At the time of the bank’s failure, Iceland refused to cover the losses.  But the UK and Netherlands nonetheless have demanded that Iceland repay them for the “loan” as a condition for admission into the European Union.
In response, the Icelandic people have told Europe to go pound sand. The final vote was 103,207 to 69,462, or 58.9 percent to 39.7 percent.   “Taxpayers should not be responsible for paying the debts of a private institution,” said Sigriur Andersen, a spokeswoman for the Advice group that opposed the bailout.
A similar referendum in 2009 on the issue, although with harsher terms, found 93.2 percent of the Icelandic electorate rejecting a proposal to guarantee the deposits of foreign investors who had funds in the Icelandic bank. The referendum was invoked when President Olafur Ragnur Grimmson vetoed legislation the Althingi, Iceland’s parliament, had passed to pay back the British and Dutch.
Under the terms of the agreement, Iceland would have had to pay £2.35 billion to the UK, and €1.32 billion to the Netherlands by 2046 at a 3 percent interest rate.  Its rejection for the second time by Iceland is a testament to its people, who feel they should bear no responsibility for the losses of foreigners endured in the financial crisis.
That opposition to bailouts led to Iceland’s decision to allow the bank to fail in 2008.  Not that the taxpayers there could have afforded to.  As noted by Bloomberg News, at the time the crisis hit in 2008, “the banks had debts equal to 10 times Iceland’s $12 billion GDP.”
“These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks,” Iceland President Olafur Grimsson told Bloomberg Television.
The voters’ rejection came despite threats to isolate Iceland from funding in international financial institutions.  Iceland’s national debt has already been downgraded by credit rating agencies, and now those same agencies have promised to do so once again as punishment for defying the will of international bankers.
This is just the latest in the long drama since 2008 of global institutions refusing to take losses in the financial crisis.  Threats of a global economic depression and claims of being “too big to fail” have equated to a loaded gun to the heads of representative governments in the U.S. and Europe.  Iceland is of particular interest because it did not bail out its banks like Ireland did, or foreign ones like the U.S. did.
If that fervor catches on amongst taxpayers worldwide, as it has in Iceland and with the tea party movement in America, the banks would have something to fear; that is, the inability to draw from limitless amounts of funding from gullible government officials and central banks.  It appears that the root cause is government guarantees, whether explicit or implicit, on risk-taking by the banks.
Ultimately, such guarantees are not necessary to maintain full employment or even prop up an economy with growth, they are simply designed to allow these international institutions to overleverage and increase their profit margins in good times — and to avoid catastrophic losses in bad times.
The lesson here is instructive across the pond, but it is a chilling one.  If the U.S. — or any sovereign for that matter — attempts to restructure their debts, or to force private investors to take a haircut on their own foolish gambles, these international institutions have promised the equivalent of economic war in response.  However, the alternative is for representative governments to sacrifice their independence to a cadre of faceless bankers who share no allegiance to any nation.
It is the conflict that has already defined the beginning of the 21st Century.  The question is whether free peoples will choose to remain free, as Iceland has, or to submit.

Bill Wilson is the President of Americans for Limited Government. You can follow Bill on Twitter at @BillWilsonALG.


6/30/2011 - 10 Mile Mandatory Evacuation Area Around Ft. Calhoun Nuke Plant (but don't worry - be happy)

http://www.youtube.com/watch?feature=player_embedded&v=_zosA6pPH_E


Wednesday, June 29, 2011

6/30/2011 - E-MINI NASDAQ 100 FUTURES

THE VULCAN REPORT
Review of Emini NASDAQ 100 (US@NQ.1)
as of Wednesday, June 29, 2011


Today's Price Action


Change    9.5000 (0.42%) prices closed higher than they opened.  with strong Bids going into the close.


Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     19.15
Swing Vix:     12.88


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   11 period(s) ago. The 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-Sold Buy  6 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.
      
  *Since the last Swing Vix signal, Emini NASDAQ 100's price has increased 1.89% , and has ranged from a high of 2,300.50 to a low of 2,174.00.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,063.00.


        TREND STRENGTH - ,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,063.00
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,166.85
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 2,291.02 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 2,245.44 


INTRADAY PRICE PROJECTIONS
RESISTANCE 2,301.79
SUPPORT 2,273.46


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,258.50
PulseWave BreakOut SUPPORT - 2,191.50




VOLATILITY
On 6/29/2011, Emini NASDAQ 100 closed   
below the upper band by 16.0%.
     



Risk Disclosure
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education onlyThe 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.


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BULLS make money... BEARS make money.... PIGS get slaughtered!


"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!

6/30/2011 - SILVER FUTURES

THE VULCAN REPORT
Review of SILVER FUTURES (US@SI.1)
as of Wednesday, June 29, 2011


Today's Price Action


Change  111.2000 (3.31%) prices closed higher than they opened.  with strong Bids going into the close.This is generally considered bullish, as prices closed significantly higher than they opened.  If the candle appears when prices are "low," it may be the first sign of a bottom.  If it occurs when prices are rebounding off of a support area , the long white candle adds credibility to the support.  Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -35.80
Swing Vix:    -32.40


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    3 period(s) ago. The Swing Vix is below -29.  This is where it usually forms Support.  The Swing Vix usually forms Support before the underlying security.  
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 46 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, SILVER FUTURES's price has increased 0.32% , and has ranged from a high of 3,542.00 to a low of 3,338.00.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 3,357.25.


        TREND STRENGTH - ,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 3,357.25
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 3,012.70
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 3,646.44 
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 3,495.66 


INTRADAY PRICE PROJECTIONS
RESISTANCE 3,498.40
SUPPORT 3,379.60


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 3,677.00
PulseWave BreakOut SUPPORT - 3,338.00




VOLATILITY
On 6/29/2011, SILVER FUTURES closed   
above the lower band by 26.9%.
     



Risk Disclosure
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education onlyThe 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.


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BULLS make money... BEARS make money.... PIGS get slaughtered!


"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!

6/29/2011 - US DOLLAR INDEX

THE VULCAN REPORT
Review of US DOLLAR INDEX (US@DX.1)
as of Wednesday, June 29, 2011


Today's Price Action


Change   -0.3050 (-0.40%) prices closed lower than they opened. with weak Bids going into the close. 


A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow).  This usually implies a continuation of a bearish trend.  The two candles preceding the falling window were black, which makes this pattern even more bearish.
Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     22.30
Swing Vix:     22.09


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    3 period(s) ago. The 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-Sold Buy 13 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, US DOLLAR INDEX's price has decreased 1.24%, and has ranged from a high of  76.59 to a low of  75.04.


     MOMENTUM


     MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at-    79.79.


        TREND STRENGTH - ,


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    79.79
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    77.75
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -    75.40 


The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -    75.52 
Today's Sell off pushed prices on the close below the short term trendline resistance


INTRADAY PRICE PROJECTIONS
RESISTANCE    75.57
SUPPORT    75.01


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    76.59
PulseWave BreakOut SUPPORT -    74.86


VOLATILITY
On 6/29/2011, US DOLLAR INDEX closed   
below the upper band by 42.1%.

Risk Disclosure
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education onlyThe 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/pulsescan72


Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
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BULLS make money... BEARS make money.... PIGS get slaughtered!


"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!