Wednesday, February 28, 2007

Welcome to the eon of Thelema

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"Now, I am become Death, the destroyer of worlds." ~Robert Oppenheimer


The age of Thelema is the age in which Nuclear weaponry is utilized as a method of controlling the population. The Illuminati is utilizing Kabbalistic knowledge to build nuclear devices and manipulate the masses.

Illuminati II

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Tuesday, February 27, 2007

BBC Reports Collapse of WTC Tower #7 23 Minutes before it actually happens

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The incidents reported surrounding the 911 were scripted. Now a major problem has surfaced for the media architects of the 911; it has been discovered that their pre-scripted report was released too early.

Whoever wrote out the teleprompter script for the BBC on the 911 knew that building 7 was the command center and that it would be destroyed.

This fact remaining unrealized for all of these years tells me one thing about the current media system and indeed the intelligence of the public. This... is Hitler's dream come true.



http://www.liveleak.com/view?i=49f_1172526096

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Monday, February 26, 2007

Joe Rogan talks about DMT

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This is an interesting conversation about DMT. I have also described one of my own experiences an a DMT containing substance, Ayahuasca, in the article titled Entering the library of the Akasha.

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Sunday, February 25, 2007

US Military Attempt Arrest of Vice President Cheney, 3 Reported Dead

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Finally we have soldiers who are attempting to uphold their oath. Soldiers who truly believe that the Constitution of the United States of America should be defended against all enemies foreign and domestic.

Cheney should be arrested, brought before a special tribunal and executed for crimes against his own people (9/11) and crimes against humanity. He is assuredly one of the most despicable men ever to sit in a prestigious office. His prestige, however, will not save him from divine justice.


Sorcha Faal | WhatDoesItMean.com

Russian FSB sources are reporting today that an attempt by Special Forces Troops of the United States Military to arrest the American Vice President Cheney shortly after boarding his official plane in Australia

has resulted in at least 3 dead and an unknown number of wounded.

These reports state that the United States Air Force, which is in control of the American Vice Presidents plane, sent an ‘urgent’ flash message shortly after takeoff from Sydney, Australia alerting their US Pacific Command Forces through the United States Worldwide Military Command and Control System (WWMCCS) network, and which is monitored by Russian Military Forces, of the deaths aboard the plane and requesting ‘orders’.

At the sealed off Sydney airport where the attempt by US Military Forces to arrest the American Vice President occurred the Australian media is reporting:

"Mr Cheney's Boeing 757 was delayed temporarily at Sydney Airport this morning for an unknown reason. As it stood still, revving its engines to make its initial advance towards the runway, it suddenly powered down.

The main door opened and the mobile stairwell then immediately returned to the plane, but it was waved off by security personnel.

The plane then proceeded to the runway and took off, en route to the United States."

US media reports are stating that there was a generator problem on the Vice President’s plane and that it was making a planned fueling stop in Singapore, but which the American White House is denying was diverted.

The concern of the American Military Generals regarding their Vice President stems from his plans to attack Iran, and which in an unprecedented move many of these Top United States Generals have threatened a mass resignation, and as we can read as reported by Britain’s Sunday Times News Service in their article titled "US generals ‘will quit’ if Bush orders Iran attack", and which says:

"Some of America’s most senior military commanders are prepared to resign if the White House orders a military strike against Iran, according to highly placed defence and intelligence sources.

Tension in the Gulf region has raised fears that an attack on Iran is becoming increasingly likely before President George Bush leaves office. The Sunday Times has learnt that up to five generals and admirals are willing to resign rather than approve what they consider would be a reckless attack.

“There are four or five generals and admirals we know of who would resign if Bush ordered an attack on Iran,” a source with close ties to British intelligence said. “There is simply no stomach for it in the Pentagon, and a lot of people question whether such an attack would be effective or even possible.”

A British defence source confirmed that there were deep misgivings inside the Pentagon about a military strike. “All the generals are perfectly clear that they don’t have the military capacity to take Iran on in any meaningful fashion. Nobody wants to do it and it would be a matter of conscience for them.

“There are enough people who feel this would be an error of judgment too far for there to be resignations.”

A generals’ revolt on such a scale would be unprecedented."

This revolt by the American Generals against their War Leaders is eerily reminiscent of the General’s Revolt against the German Nazi Leader Hitler in 1944, and which, likewise, included an attempt by the German Generals to kill their War Leaders.

These disturbing reports coming from America are also coming on the day that Israel has been reported to be seeking the permission of the United States War Leaders to utilize Iraqi airspace for their planned Air Force attack upon Iran’s nuclear facilities, but which the Israeli government is denying.

FSB reports further note the apparent complicity of the American President in the attempt to have the US Military arrest his own Vice President by citing American media reports detailing the official planes controlled by the United States Military, and which say:

"But the Bush administration has a plane problem. One of President Bush's two 747 jets is going through a major maintenance overhaul, and two of the four 757 jets are also in maintenance. The president always needs a back-up plane, so he has taken one of the 757s. That just leaves one 757 for high-level officials like Vice President Cheney and Secretary of State Condoleezza Rice to share--and both had scheduled overseas trips this week."

The American Military establishment has also threatened their War Leaders by releasing to the US propaganda media organs some of the most secret, and damning, evidences of past manipulation of their citizens through terror and intimidation, to include previously unreleased CIA video of the assassination of the American President John F. Kennedy showing the alleged assassin, Lee Harvey Oswald, standing in a crowd of spectators seconds before he was supposed to have fired at the American President. (Note: Lee Harvey Oswald, the former Russian KGB and American CIA agent can be plainly seen wearing the green sweater he was later wearing when arrested.)

Also released to the American propaganda media organs, by the US Military, were the evidences that the top levels of the FBI were involved in the 1995 bombing of the Oklahoma City Federal Building, and which afterwards began the enactment of a series of brutal laws that have resulted in the United States being turned into the Police State we see evidenced today in 2007

To the final outcome of these events involving the outbreak of hostilities between America’s ruling elite and their Military establishment it is not in our knowing, other than whatever may be the final outcome of this apparent showdown between these two powerful forces it bodes ill for the unsuspecting American people themselves.

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They are coming for us... checkpoints... papers please?

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We are being conditioned to live in a lawless society in which individual rights are a thing of the past. Notice how the people affected by this simply laugh and are not offended by the lawless nature of their local government. This is an abomination.

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Saturday, February 24, 2007

Don't stop smoking.. unless you have your diet correct.

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Dr. Mercola's Comment:
My response may be somewhat surprising to you because its counter intuitive. My recommendation is to not stop smoking initially. That might seem shocking to you, but it was been my experience that there are far more important things to do before you stop smoking.

When I was brainwashed by the conventional medical system, one of the most potent and consistent recommendations that they provide for preventive medicine is to get your patients to stop smoking. Well, that is exactly what I did because I have had a passionate interest in preventive medicine ever since I graduated medical school about 25 years ago.

One of the first things I did when I started practicing was start a stop-smoking clinic at my office. And one of my very first patients who was successful in my program was my younger sister. She is 2 years younger than me and had been smoking for a long time . Both her and her husband were successful in dropping their tobacco habit and they are still non-smokers today. That was over 20 years ago.

However, her husband has a normal body weight but my sister has grown and expanded and weighs nearly twice as much as I do now. She is clearly morbidly obese because we failed to address the underlying causes. It was vital to address the dietary issues first.

It's critical to understand the food you need to eat to get that under control because it is clear that there is substantial evidence to support not smoking. Smoking is actually a drug. Actually it's made up of many drugs that speed up your metabolism, so you going to burn calories quicker.

When you stop smoking, there are reflexes that slow down your metabolism which will increase your ability to gain weight. This also, in conjunction with many behavioral components, tends to cause people to reward themselves with sweets and desserts because they have done a great thing by giving up something like smoking.

It is a tendency for most who are successful in stopping smoking to gain large amounts of weight and my sister is a classic example. So do I recommend smoking? Absolutely not. But do I recommend they stop smoking? No, not until you get your diet right.

The dietary recommendations I have on my site provide 3 different sections: One is for Beginners, one is for Intermediate and one is for Advanced people. So you can start at what ever level you feel comfortable with and it is so critical to get this done first as you need to get heavy sugar intake under control.

It's also vital that you exercise and sleep well, among other things. And then once you're feeling good, you feel healthy. You are going to spontaneously want to quit by yourself. And that is the most important thing. Because you're going to quit for yourself, no one can do it for you. Not your spouse, your parents, your children.

An article on the dangers of sugar vs. cigarrettes supports my contention that sugar is actually more damaging to your body than smoking. I firmly believe this. My simple analogy is that one French fries, just one French fries, is probably worse for you than one cigarette. So think about that, the next time you have your French fries.

related articles:
Sugar is More Dangerous than Smoking
Learn How to Control Your Diet Before You Quit Smoking

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Friday, February 23, 2007

Threads - Nuclear War, 1984

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Threads is a powerful docudrama which attempts to portray the reality faced by individuals caught in a nuclear blast.

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Electricity Infrastructure Starting to Buckle

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HARTFORD, Conn. (AP) - The increasing demand for electricity statewide is pushing thousands of miles of aging underground equipment to its limits, particularly in hard-to-reach spots under busy city streets, Connecticut utility officials said.

Waterbury, Stamford, Hartford and Meriden each have experienced downtown outages in the past seven months because of transformer explosions, underground fires and other equipment failures.

The state's two largest electricity providers, Connecticut Light & Power Co. and United Illuminating, both have multimillion-dollar projects under way to replace and upgrade equipment above and below ground.

CL&P is a unit of Northeast Utilities; United Illuminating's parent company is UIL Holdings Corp.

Officials from both companies said Thursday that demand for more electricity is driving the projects, although aging equipment is also a concern.

'Reliability is our primary issue,' said Mitch Gross, a CL&P spokesman. 'When customers flip the switch, they expect the power to be there, so we need to continually take the steps necessary to ensure it is.'

Yet working with transformers and other equipment under city streets can be difficult, costly and -- as evidenced this week -- dangerous and potentially lethal.

On Wednesday, a Long Island man working for a CL&P contractor was killed when a transformer exploded while he was performing routine maintenance below a downtown Waterbury street.

Authorities said Thursday it does not appear related to an underground explosion and fire in October -- the sixth such incident in downtown Waterbury in about 18 months -- but that it highlighted the difficulty and dangers associated with upgrading the systems.

A spokesman from the state Department of Public Utility said Thursday they will investigate the incident, in which 34-year-old Elias Anchundia, of Lake Grove, N.Y., was killed and another worker was injured.

The federal Occupational Safety and Health Administration also is investigating.

A second, smaller explosion occurred late Wednesday in the same area where Anchundia was killed, but no injuries were reported.

CL&P has almost 22,500 miles of distribution lines -- about 5,600 miles of which are underground, primarily in urban areas -- and almost 276,400 transformers in the 149 towns and cities it serves.

It has a $3 billion, multiyear project in the works for everything from trimming trees around power lines to upgrading transformers and substations.

Since July, underground explosions and equipment failures have caused outages in Stamford, Meriden, Hartford and Waterbury.

In October, a spliced wire in an underground cable in downtown Waterbury caught fire and caused an explosion that rattled windows, knocked out power, sent a manhole cover flying 30 feet into the air and destroyed a car.

CL&P plans to spend about $10 million over the next three years to replace the downtown power grid, which includes about six miles of cable and 24 transformers.

'In my opinion and the mayor's opinion, they've been very diligent about coming to the table and trying to address the problems and concerns,' Joe Geary, the city's director of operations, said of CL&P.

Gross, the CL&P spokesman, said the utility has major upgrades in the works for Stamford, Meriden and other cities in addition to ongoing projects in smaller communities throughout the company's coverage area.

United Illuminating, which has approximately 320,000 customers in 17 towns from Fairfield to North Branford, recently added new equipment to isolate problems on particular lines.

The items, called 'reclosers,' prompt a temporary outage in a small area rather than letting it cascade to other, larger areas and potentially cause fires, explosions or large-scale outages.

UI spokesman Al Carbone said that while the vast majority of its equipment is overhead, reaching the underground lines in New Haven and Bridgeport can be challenging.

The company has a $120 million upgrade program planned over the next three years to inspect all equipment and replace the aging, outdated items before problems occur, Carbone said.

'We're seeing in many areas that demand is growing, and it's going to grow even more in the next five to 10 years,' he said.

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Thursday, February 22, 2007

Bob Lazar explains his work with alien ships

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Bob Lazar is a former Los Alamos physicist who also worked under the United States Navy at Area S-4 near Area 51 at Groom Lake. Lazar claims to be educated in the theory and workings of extra-terrestrial space craft.

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Old Man River... Just keeps rolling along

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Wednesday, February 21, 2007

Paradigm Shift: Exponential Rate of Change

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I am starting to wonder if the western world, once the center of innovation, cultural and technological change, can remain at the high level of prosperity that it has enjoyed for the past few decades.

The people of the western world need to become resourceful if they are to survive and prosper in the coming age. I believe that it will take much more resourcefulness than this people currently possesses.

The talents of the intelligentsia of Eastern nations such as China and India vastly eclipse the talents of the intelligentsia of the United States and Europe. Only the brightest among the westerners will be able to keep up with the staggering amount of information that is being generated on a daily basis, as this information will continue to be generated at an ever-greater rate as time progresses.

This is how the Way (Tao) keeps all things in harmony and brings the unbridled expression of novelty, once again, to center stage.

Brace yourselves, friends; we are about to experience a shift of unparalleled dimension. The worthy and the prepared among us will experience great prosperity in the coming age, while the ill-prepared and ignorant will experience an ever-increasing string of inexplicable catastrophes.

Be prepared to shed old ways, even if they may not seem old; the exponential changes that are to occur will quickly obsolete (often within a matter of months) the things that we have learned.

Don't be left behind; embrace novelty as if it were your life's blood. Stay ever-vigilant in your struggle to remain aware in a world that is changing faster with each passing day.

I feel very strongly that the remainder of our lives will be a series of 6-sigma events, in the grander scheme of things. This time period will be looked at, in retrospect, as one of the most pivotal and meaningful periods of human existence.

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Cheney, in Japan, Says Americans Won't Back `Retreat'

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By Brendan Murray

Feb. 21 (Bloomberg) -- Vice President Dick Cheney, in Japan to shore up support for the U.S. strategy in Iraq, said Americans won't back down from the fight.

``The American people will not support a policy of retreat,'' he said, standing aboard the USS Kitty Hawk in Yokosuka harbor. His speech came after the U.S. confirmed that the U.K., its closest ally, will withdraw some of its 7,000 soldiers in Iraq.

Cheney is visiting Japan and Australia this week to seek support from two of the strongest U.S. allies. One of his challenges is ensuring leaders in both countries that President George W. Bush's plan to boost the number of U.S. troops in Iraq by 21,500 has a chance of working.

``We're moving in to help Iraqis clear and secure Baghdad, to help them protect the local population, and to ensure that the Iraqi forces will be capable of providing the security necessary in the capital city,'' Cheney said on the carrier, which was used in the invasion of Iraq in 2003.

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Mercy Street

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Monday, February 19, 2007

Nice cover of Cooling by Casey Stratton

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Whether or not you're familiar with the song, I think you'll be amazed by this guy's voice. I can't think of many occasions where I've heard a vocal range as good as this.


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Saturday, February 17, 2007

Cereal bars are harmful to your health

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Cereal bars are loaded with high-fructose corn syrup. They create a great challenge for your body to process the highly acidic and denatured ingredients.

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Friday, February 16, 2007

changing the template

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Sorry about the bland template, it is only temporary. I am in the process of moving this blog into a blogger beta template. Check back later tonight or tomorrow for a new layout.

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Not to Touch the Earth

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I want to share this beautiful song from the Doors, for those of you who haven't seen it. I think it is one of their best.

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Thursday, February 15, 2007

Geopolitical Events for February 15, 2007

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The odds of a showdown with the East (Russia and China) are increasing by the day. The Iran situation could be the flash point that projects us deep into WWIII.

Russia threatens to quit arms treaty
By Demetri Sevastopulo in Washington, Neil Buckley in Moscow, Daniel Dombey in London and Jan Cienski in Warsaw
Published: February 15 2007 19:04 | Last updated: February 15 2007 19:04

Russia threatened on Thursday to pull out of a landmark nuclear arms control treaty unless the US backed away from plans to install its missile defence shield in Eastern Europe.

Yury Baluyevsky, the Russian army chief of staff, said Moscow might unilaterally withdraw from the 1987 Intermediate-range Nuclear Forces treaty, which forced the US and the Soviet Union to ban nuclear and conventional ground-launched ballistic and cruise missiles with ranges of 500 to 5,500km.

There was “convincing evidence” for leaving the agreement because “many countries are developing and perfecting medium-range rockets”, he said.

But the general also explicitly linked Russia’s stance to the US’s plans to extend its missile defence into central Europe.

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Putin reaffirms old divide within Nato
By Quentin Peel in Munich
Published: February 11 2007 18:28 | Last updated: February 11 2007 18:28

Maybe someone told Vladimir Putin that the annual Munich security conference was the place where Europeans and Americans always end up squabbling in public about who is responsible for the divisions in the Atlantic alliance. Or maybe he just felt like Daniel in the lion’s den, and did not care whom he offended.

Whatever inspired him, the Russian president certainly set the fur flying on his first visit to the Munich conference, where the cream of the Atlantic establishment has been meeting for 43 years. First he savaged the US for its unilateralism and disregard of international law. Then he rounded on the Europeans – especially his German hosts – for allowing the Nato alliance to enlarge and operate beyond its traditional borders.

But if Mr Putin expected to expose the splits in Nato, his truculent performance had the opposite effect. For the first time in at least a decade, the senior politicians, diplomats and defence ministers of the 26 Nato allies managed to close ranks against a common enemy. It was almost a relief to have a good old-fashioned Russian bogey-man to bash.

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Wednesday, February 14, 2007

Putin Orders Russian Military Forces To Attack US Forces During Iran Invasion

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It looks as if the United States of America is in a no-win situation at this point. If they attack Iran, they risk igniting conflicts with Russia, China and other nations. If they back off from Iran, then Iran and the axis which it is a part of will grow very powerful and weaken western influence in the region.

Sorcha Faal | WhatDoesItMean.com
February 13, 2007

Russian Military Analysts are reporting today that President Putin has issued orders to the Russian Interior Ministry to ‘immediately’ dispatch Spetsnaz (Special Forces) troops to Iran to protect ‘vital’ Russian assets, including the Bushehr Nuclear power plant.

These reports state that this order from President Putin to the Interior Ministry includes the phrase, “against any and all hostile forces”, and which analysts state is a direct threat to US and Israeli Forces currently massing for their planned attack and invasion of Iran.

According to these reports, President Putin was ‘strongly’ lobbied by Saudi Arabia to create a ‘buffer’ against further US aggression in the Gulf Region, and which the Saudi King in his talks with President Putin this week stated his belief that the United States after attacking Iran would then set its sites upon his oil rich nation.

The fears of Saudi Arabia about an American takeover of their oil fields was further confirmed this week with the pronouncements of US Undersecretary of State Nicholas Burns to end US oil purchases from Venezuela, and which would leave only the Saudi Kingdom able to make up the difference in lost oil to the Americans.

more...

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Patients, doctors staying away from implantable RFID chips

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Looks like we didn't turn out to be as naive as VeriChip had hoped. Hopefully this will serve as a sufficient lesson for anyone else trying to develop implantable chips for insertion into living beings. We don't want or need such an invasion into our lives!

Michael Kanellos | Staff Writer, CNET News.com
Published: February 12, 2007, 3:06 PM PST

Putting RFID chips into people's arms is, it turns out, not a booming business.

VeriChip, which has created a system for putting RFID chips into humans for medical-record tracking, held an initial public offering on Friday, and the company's stock has been struggling ever since. The stock is currently trading at around $6.15. The company released 3.1 million shares in the IPO for $6.50 a share.

Part of the problem is likely the lackluster sales for the company's most famous product.

Only 222 medical patients in total have opted to get RFID chips from VeriChip implanted as of the end of 2006, according to documents filed by the company with the Securities and Exchange Commission as part of its initial public offering. It's a modest number, the company says, and revenue for these systems is far below projections.

"To date, we have only generated approximately $0.1 million in revenue ($100,000) from sales of the microchip inserter kits, significantly less than we had projected at the beginning of 2006. We may never achieve market acceptance or more than nominal or modest sales of this system," the company stated.

The slow sales will likely hearten the many critics of the company. When the company first began touting the technology nearly three years ago, it was criticized by civil libertarians, who saw the chips as a gateway to privacy erosion, and by religious consumers some of whom said that implantable chips were the mark of the beast.

In its SEC filing, the company stated that many patients are probably unwilling to get chipped, the company said, and doctors have likely been reluctant to discuss the procedure with clients. Privacy issues and bad publicity have also been factors.

Virtually all the company's revenues come from two Canadian companies it acquired in 2005. These companies, EXI Wireless and Instantel, specialize in infant tracking and "wander" detection systems in rest homes. In these systems, RFID tags alert nurses and medical professionals if an infant or other patient is passing through the exits or into unauthorized areas. In these systems, however, the RFID chip is contained in a wristband.

VeriChip, in fact, may have to begin to stockpile equipment from its suppliers to stay in business. Digital Angel, which invented a similar system for the pet market, granted VeriChip an exclusive license to market the technology to humans. (Digital Angel in turn gets its chips from Raytheon Microelectronics Espana.) The agreement, however, stipulates that VeriChip must buy $875,000 worth of RFID readers and implantable chips from Digital Angel in 2007 and $1.75 million in 2008. If it doesn't, Digital Angel can sign new agreements. VeriChip said it will take actions to prevent the license from lapsing.

The company had earlier scaled back the terms of its IPO. It initially planned to sell 4.3 million shares for between $6.50 and $8.50 per share.

Despite the slow sales, VeriChip says it will continue to market its implantable RFID technology. The FDA approved the used of implantable RFID chips in humans in October 2004. Approximately 1,200 doctors and 66 hospitals have agreed to try out the VeriChip system, assuming patients request it and databases support it.

The company estimates that 45 million patients in the U.S. alone could benefit from implanted RFID chips. The idea is to put medical information into the chip so that paramedics and others could obtain information about medical allergies and other issues in a person if they are unconscious and they lost their medic alert bracelets.

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Trouble in the Straits of Hormuz

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If this happens, it will be a great catastrophe for the future of humanity. It will usher in an even darker era of lawlessness.

Jeremy Wakeford | Business Day

A SLEW of articles has recently appeared in the international media warning that the US — or more accurately the Bush administration — is preparing for an imminent and catastrophic military attack on Iran. The evidence of military preparations in the Middle East region is mounting. Last month, US President George Bush announced the deployment of a second aircraft carrier group to the Persian Gulf, along with 21500 extra troops for Iraq.

He also replaced the head of the Pentagon’s central command (which oversees military operations in the Middle East and central Europe, especially the ground forces in Afghanistan and Iraq), previously an army general known to be against conflict with Iran, with a more hawkish admiral skilled in tactical sea-based warfare.

Furthermore, Patriot antimissile systems have reportedly been deployed around the Middle East, presumably to counter retaliatory missile strikes by Iran on US-friendly neighbours or US military bases. And there has been a massive naval build-up in the eastern Mediterranean.

According to the Kuwait-based Arab Times, an attack on Iran is likely to occur any time between late this month and the end of April. The US congress is seemingly unwilling or powerless to do anything to stop this.

Why would the US want to attack Iran? The ostensible reason, which has been given plenty of press coverage, is Iran’s nuclear programme, which Washington argues is aimed at the production of weapons of mass destruction. Possibly they are correct; perhaps Iran’s leaders desire nuclear weapons to counterbalance those possessed by Israel. But it is worth asking why the US is determined to prevent Iran from pursuing a nuclear programme, when it has not taken any military action against North Korea, which already has atomic weapons capability.

Arguably, the main underlying motive for US aggression is the geostrategic significance of Iran and its energy resources. Iran has the world’s second-biggest natural gas reserves after Russia, and still has significant oil reserves, although they are depleting. Moreover, Iran also recently forged close ties with Russia and China, both of which have invested heavily in Iran and supplied it with conventional weaponry.

These issues need to be viewed within a broader energy and geopolitical context. The inevitable peak in world oil production is either imminent (set to occur within the next few years) or possibly even occurring at present (as suggested recently by Matthew Simmons, chairman of the world’s largest energy investment banking consultancy). Given the world economy’s overwhelming dependence on oil — for more than 35% of primary energy, 90% of transport fuels, and as a crucial input into the agriculture, petrochemicals and pharmaceuticals industries — there is much at stake to gain access to diminishing supplies of crude. In its race to catch up with the industrialised countries, China’s rapidly growing thirst for oil imports sets it on a collision course with the US, which consumes a quarter of the world’s oil output.

Crucially, the Middle East contains more than half of the world’s remaining regular oil reserves, and a substantial portion of remaining natural gas.

Whatever the possible reasons for US military action against Iran, what would be the likely economic effect?

History can supply some clues.

In 1979, Islamists overthrew the US-backed regime of the Shah of Iran. This Iranian Revolution — and Iran’s subsequent war with Iraq (led by Saddam Hussein and backed by the US) — caused the loss of Iran’s approximately 5% contribution to the world’s daily production of oil.

This supply shortfall — and the resultant panic and hoarding behaviour in the oil market — led to a tripling in the price of crude oil.

Many of the industrialised countries’ central banks — notably the US Federal Reserve — reacted by sharply raising interest rates in a bid to quash inflationary expectations. In the process they induced a severe economic recession in the US and most of the world, not to mention triggering the third-world debt crisis.

Today, a US attack on Iran could cause a much more serious disruption of world oil supplies, nearly 20% of which flow through the narrow Straits of Hormuz in the Persian Gulf, which is bordered on one side by Iran. Last year, following the Israeli-Hezbollah conflict in Lebanon, Iran conducted war exercises in the Straits. It is likely that they would attempt to disrupt the passage of oil tankers as a way of retaliating against the US.

What would be the effect on SA?

For one thing, Iran is one of our leading suppliers of crude oil imports; this source would almost certainly dry up, causing acute petrol and diesel shortages in some areas. More generally, we would suffer the effects of the inevitable world oil price shock. The two oil shocks in the 1970s did not spare this country’s economy; the initial buffer provided by gold was short-lived, and declining world demand for exports, in addition to domestic inflation, ultimately triggered domestic recessions. And our exchange rate is particularly vulnerable to a rising oil import bill, given the huge current account balance the country has been already running for the past year.

With all this in mind, it is ironic that our government decided to sell off SA’s strategic petroleum reserves. It also causes one to wonder what plans — if any — the authorities have in place to deal with a disruption to oil imports. Motorists and farmers will not have forgotten the chaos and financial losses caused by the temporary shortage of liquid fuels a year or so ago in the Cape.

If indeed the US does launch an attack on Iran and thereby spark an oil price shock, perhaps it will serve as a timely wake-up call to our government — and consumers — to make preparations for the looming peak and decline in global oil production, which itself can be expected to trigger recurrent oil shocks as well as further international conflict.

‖Wakeford is a senior lecturer in UCT’s School of Economics and a member of the Association for the Study of Peak Oil-SA.

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Tuesday, February 13, 2007

Wudang Tai Chi Sword

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This practitioner is very coordinated and supple in his movements.

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The Experience of Survival is the key to the Gravity of Love

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Monday, February 12, 2007

Moving Beyond the First Law and Advanced Field Propulsion Technologies

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Paul A. LaViolette, Ph.D.
gravitics1@aol.com
October 4, 2000


1. The Repression of Nonconventional Energy Technologies.

According to U.S. patent law, a patent his the right to be issued if the technology is new and if it works. There is nothing in the legal code that says that the patent necessarily has to conform to theories of physics or chemistry as they happen to be defined by certain academic science societies. Unfortunately, administrators of the U.S. Patent and Trademark Office (PTO) have been illegally blocking the issuance of patents on new technologies that challenge current scientific thinking. This discrimination is often carried out in response to lobbying by Robert Park, who is Director of Public Information of the American Physical Society (APS), and by his affiliates. The process usually begins with media smear campaign aimed at defaming the inventors of nonconventional technologies or at embarrassing PTO examiners who hold scientific views they disagree with. Then this group of lobbyists email these media attacks to PTO administrators, or they may call up PTO officials with whom they have developed close associations to voice their dissatisfaction. The PTO administrators then respond in a knee jerk fashion to this outside pressure to either make sure that certain patents don't issue or to reprimand or even fire examiners who take an open minded approach to considering such new technologies.

An example is the BlackLight Power Corp. case. BlackLight's inventor Randall Mills has developed a process for producing large amounts of energy from normal tap water. This is the kind of technology that we need to solve the present energy crisis. The reality of this technology has been independently verified by other scientific laboratories.Yet, Mills and his company have been repeatedly attacked by this APS lobby through Robert Park's news postings on the society website, derisive editorials written in mainstream science magazines, in lectures at the 1999 APS annual meeting, and even in a book authored by Park. Because this technology challenges the currently popular theories of physics, this lobby has unjustly branded it as being fraudulent. PTO administrators obediently responded to this outside pressure by unlawfully withdrawing one of BlackLight's patents after it had already been slated to issue in February 2000. One of the PTO officials who was involved in taking this action has admitted that they did this in response to media attacks leveled against BlackLight. The company is now suing the Department of Commerce for this travesty of justice.

Another example concerns a patent awarded in February 2000 on an invention capable of sending communications faster than the speed of light. Witnesses attested that the invention worked as claimed. Yet shortly after the patent had issued, believing that the invention violated the theory of special relativity, Park posted a news item on the APS website which made fun of the PTO for having issued the patent. Arrangements were even made to have one patent website proclaim it to be the most ridiculous patent of the year. Papers published in refereed physics journals have described laboratory experiments in which waves have been made to travel faster than the speed of light. Yet disregarding this evidence, the Commissioner decided to side with the APS lobbyists. He severely reprimanded the patent examiner who had issued the patent and also threatened to fire his supervisor.

Also there is the case of the firing of two patent examiners, Tom Valone and Paul LaViolette. Park and the APS lobby had been ridiculing them because they had an interest in nonconventional energy technologies and because they were involved in organizing a conference that included papers on nonconventional energy technologies. They attacked the examiners in postings on the APS website, in magazine editorials, and in lectures presented at the 1999 annual APS meeting where they admitted to their ongoing efforts to secure the removal of anyone at the PTO who sympathized with cold fusion technology. They also initiated an email campaign to PTO officials as well as made personal contacts with PTO officials. Within a day of this email blitz, Paul LaViolette was given notice of termination and proceedings were begun against Tom Valone which resulted in his removal 5 months later. Both examiners at the time had a commendable record of job performance. Both examiners now have Justice Department litigation pending on this matter.

As a result of similar discrimination, government research moneys are routinely withheld from companies or individuals trying to develop such cutting edge ideas. In the name of preserving an outmoded set of theories that they claim their particular view. Government officials need to recognize that a working technology should not be suppressed just because it lies outside of the current scientific paradigm and produces results that refute that paradigm. The goal should be to solve society's problems, not to reaffirm outmoded theories espoused by today's enfranchised physicists and chemists.

2. The Nonconventional Energy Technology Bill of Rights.

Nonconventional technologies may be our only hope for solving the problems that presently lie ahead of us, but they are currently the underdog. We need an affirmative action program to educate government agencies and mainstream media to develop a more positive attitude toward nonconventional technologies, to treat the researchers of these technologies in a fair manner, and to stop engaging in witch hunts. If we are going to deal with the problems we face, the scientific community needs to make a radical paradigm shift. They have to adopt a radically different attitude with respect to what is possible and what is not. There is not much time.

3. The First Law of Thermodynamics is not inviolable.

The First Law of Thermodynamics states that energy may be neither created nor destroyed. But there is evidence that nature routinely violates the First Law.

Energy creation: The discovery that the jovian planets (Jupiter, Saturn, Uranus, and Neptune) lie along the same luminosity trend line as stars of the lower main sequence (e.g. red dwarfs) throws a monkey wrench into theories of how stars generate their energy. Nuclear energy cannot explain this correspondence. One very simple solution to this problem is that a photon's energy is not constant, that photon's inside celestial bodies slowly blue shift – increase their energy over time. Thus energy is being continuously created in stars throughout the universe. This so called "genic energy" emerges as a prediction of a new physics methodology called subquantum kinetics. Since red dwarfs make up most of the stars in our Galaxy, as a rule genic energy may be the dominant energy creation mechanism. Nuclear energy becomes important only in the much rarer, massive stars such as our Sun. Consequently, most of the stars in the universe may be run on "free energy" in violation of the First Law.

Although this rate of energy creation is ten orders of magnitude smaller than what can be detected in laboratory experiments, it nonetheless weakens the arguments of those who maintain that the First Law is an inviolable doctrine of nature. If nature violates it, why can't we violate it also? Physics needs to make a major shift in thinking, shed their linear models which predict that there is no such thing as a free lunch, and embrace the newly emerging nonlinear models which allow the possibility that matter and energy may be created and destroyed.

4. Gravity Field Propulsion is Real: Townsend Brown's Technology of Electrogravitics.

In the mid 1920's Townsend Brown discovered that electric charge and gravitational mass are coupled. He found that when he charged a capacitor to a high voltage, it had a tendency to move toward its positive pole. This became known as the Biefeld-Brown effect. His important findings were opposed by conventional minded physicists of his time.

The Pearl Harbor Demonstration. Around 1953, Brown conducted a demonstration for top brass from the military. He flew a pair of 3 foot diameter discs around a 50 foot course tethered to a central pole. Energized with 150,000 volts and emitting ions from their leading edge, they attained speeds of several hundred miles per hour. The subject was thereafter classified.

Project Winterhaven. Brown submitted a proposal to the Pentagon for the development of a Mach 3 disc shaped electrogravitic fighter craft. Drawings of its basic design are shown in one of his patents. They are essentially large scale versions of his tethered test discs.

Aviation Studies International. They are a think tank that produces intelligence studies for the military. In 1956 they issued a report entitled "Electrogravitics Systems" which called for major government funding to develop Townsend Brown's electrogravitics technology and make Project Winterhaven a reality. The report stated that most of the aerospace was actively researching this antigravity technology. It named companies such as: Glenn-Martin, Convair, Sperry-Rand, Bell, Sikorsky, Douglas, and Hiller. Other companies who entered the field included Lockheed and Hughes Aircraft, the latter being regarded by some as the world leader in the field. This report was initially classified. It was missing from the Library of Congress collection. Their staff made a computer search and found that the only other known copy was located at Wright Patterson Air Force Base. I obtained it from there through interlibrary loan. It is now published in the book Electrogravitics Systems, T. Valone (editor)./p>

Northrop's Wind Tunnel Tests. In 1968, engineers at the Northrop Corp. performed wind tunnel tests in which they charged the leading edge of a wing to a high voltage. They were investigating how this technique could be used beneficially to soften the sonic boom of aircraft. Hence they were performing large scale tests on Brown's electrogravitic concept. Brown's R&D company had previously made known that sonic boom softening would be a beneficial side effect of this electrogravitic propulsion technique. Interestingly, Northrop later became the prime contractor for the B-2 bomber.

The B-2 Bomber. In 1992, black project scientists disclosed to Aviation Week and Space Technology magazine that the B-2 electrostatically charges its exhaust to a high voltage and also charges the leading edge of its wing-like body to the opposite polarity. This information led Dr. LaViolette in 1993 to reverse engineer the B-2's propulsion system. He proposed that the B-2 is essentially a realization of Townsend Brown's patented electrogravitic aircraft. The B-2 is capable of taking off under normal jet propulsion. But when airborne, its electrogravitic drive may be switched on for added thrust. This system can only be turned on under dry conditions. If the B-2's dielectric wing were to become wet, the applied high voltage charge would short out, which explains why the B-2 is unable to fly in the rain.With electrogravitic drive, the B-2 is able to drastically cut its fuel consumption, possibly even to zero under high speed flight conditions.

The commercial airline industry could dramatically benefit with this technology which would not only substantially increase the miles per gallon fuel efficiency of jet airliners, but would also permit high-speed flight that would dramatically cut flight time.

Subquantum Kinetics Predicts Antigravity Effects. General relativity doesn't explain the Biefeld-Brown electrogravitic effect or any other antigravity phenomenon since it predicts that masses have just one gravitational polarity and should only attract one another. It allows the possibility of charge-mass coupling, only at very high energies, such as those attainable in particle accelerators far more powerful than any thus far built. The subquantum kinetics physics methodology, however, offers a much needed answer to the insufficiencies of relativity. It predicts that gravitational mass should have two polarities (+ and -) and that these mass polarities should be correlated with the charge polarity of a particle. According to subquantum kinetics, Brown's electrostatic disc should establish a gravitational field gradient from front to back which has the effect of propelling the disc forward. The movement of the charges may contribute an even larger thrust effect. The same would apply to the B-2 bomber.

5. Other Advanced Aerospace Propulsion Technologies.

The Searl Electrogravity Disc and Russian Experiments. This device, developed over 40 years ago by the British engineer John Searl, consisted of a segmented rotating disc each of whose segments was supported by a set of cylindrical permanent magnets rolling within a circumferential track. It is alleged to have achieved complete lift off. In the past few years two Russian scientists associated with the Russian National Academy of Sciences, Roschin and Godin, have built a simplified version of the Searl Disc that confirms its anomalous weight loss effects. They spun a 1 meter diameter disc at 600 rpm and obtained a 35% reduction in its weight while at the same time generating a 7 kilowatt excess electric power output.

The Podkletnov Gravity Shield and Project Greenglow. A research team in Finland led by Dr. Podkletnov were experimenting with a rotating superconducting disc that was floated on a repelling magnetic field generated by a series of electromagnets. In 1996, they reported that the disc was able to partially screen the Earth's gravitational field, reducing the weight of objects positioned above the disc by two percent. Greater weight reductions are envisioned by stacking several discs over one another. Besides propulsion, there are obvious applications to tapping the resulting gravity differential for mechanical power generation. In the last few years, BAE Systems a company formed by the merger of British Aerospace with Marconi Electronic Systems, has been researching the Podkletnov gravity shield. They are doing this work under Project Greenglow, a project they have set up to investigate the feasibility of nonconventional technologies.

The De Aquino Antigravity Effect. A Brazilian university professor, Fran De Aquino, has produced a 50% weight reduction in a 2 foot diameter, annealed pure iron toroid weighing 77 pounds. He does this by internally energizing the toroid with 10 kilowatts of 60 cycle electromagnetic radiation. His data predicts complete weightlessness of the torroid could be achieved with a 15 kilowatt power input.

Gravito Inertial Lift System. Aerospace engineer Jim Cox has recently improved on the Dean Drive, an inertial propulsion engine that was patented in May 1959. He reports tests demonstrating an upward thrust equal to 90% of the engine's weight. It uses a 1/4 horsepower motor to revolve two counter-rotating rotors, each about 1 cm in diameter, spinning them at about 600 rpm for a power consumption of about 200 watts. The lift is gotten by sinusoidally oscillating the rotors up and down and coupling them to the lift platform on their upward stroke. He obtains about 45 pounds of lift force per horsepower (~55 pounds/kw). He plans by the end of the year to have a freely lifting device which would be spun to 1200 rpm with a 1/2 horsepower motor drawing 400 watts. He estimates that using this technology a 200 horsepower automobile engine would be capable of generating a lift force of about 9000 pounds.

Kineto-baric Field Propulsion. German scientist Rudolph Zinsser discovered that sawtooth electromagnetic waves could be made to push distant objects. He produced a radio tube circuit that transmitted 45 megahertz radio waves having a sharp rise and gradual fall. His experiments demonstrated that these waves could exert impulses of up to 104 to 105 dyne seconds, which is equivalent to the application of about 1 to 3 ounces of force for a period of one second. He found that this force could be generated with an amazingly low input power, the output-force–to–input-power ratio surpassing that of conventional propulsion methods by several powers of ten. His projections imply a thrust of 1350 pounds force per kilowatt.

Field Thrust Experiments on Piezoelectrics. James Woodward, a physics professor at Cal State Fullerton, is conducting research that indicates that electromagnetic waves can induce lofting forces in piezoelectric ceramic media. His ideas are described in a 1994 U.S. patent and in a 1990 physics journal article. Woodward has conducted experiments that confirm this thrust effect in the audio frequency range (~10,000 Hertz), and his calculations suggest that it may be substantially increased at higher frequencies, with optimal performance being obtained in the microwave range (0.1 to 10 gigahertz). His work has gotten some support from DoE.

The Author

Since 1984, Dr. Paul LaViolette has been president of the Starburst Foundation, an institute that conducts interdisciplinary scientific research in physics, astronomy, geology, climatology, systems theory, and psychology. He has degrees in physics and Systems Science and has authored four books: The Talk of the Galaxy (2000), Earth Under Fire (1997), Beyond the Big Bang (1995) and Subquantum Kinetics (1994). In addition he has authored 34 papers appearing in books, scientific journals and conference proceedings on topics ranging from subquantum kinetics and the unified field theory, to ice polar ice cores to the big bang theory and to antigravity research. He is listed in the 1996 edition of Marquis Who's Who in Science and Engineering. For more information about his books, please visit his web site at www.etheric.com.

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Peter Gabriel & Youssou Ndour - Shakin' The Tree

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This is a classic from Peter Gabriel. I love how original his music and videos are.

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Without Unity

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The masters of old attained unity with the Tao. Heaven attained unity and became pure. The earth attained unity and found peace. The spirits attained unity so they could minister. The valleys attained unity that they might be full. Humanity attained unity that they might flourish. Their leaders attained unity that they might set the example. This is the power of unity.

Without unity, the sky becomes filthy. Without unity, the earth becomes unstable. Without unity, the spirits become unresponsive and disappear. Without unity, the valleys become dry as a desert. Without unity, human kind can't reproduce and becomes extinct. Without unity, our leaders become corrupt and fall.

The great view the small as their source, and the high takes the low as their foundation. Their greatest asset becomes their humility. They speak of themselves as orphans and widows, thus they truly seek humility. Do not shine like the precious gem, but be as dull as a common stone.

~tao te ching

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Saturday, February 10, 2007

economics.mystrangemind.com

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I thought it would be best to separate the economic posts into their own blogger blog (economics.mystrangemind.com). This will make it easier to organize the vast amount of info, into a concentrated resource that functions as a streamlined and intuitive method of ingesting vast sums of economic data in short order.

It will also make it so that people who are not interested in economics will not have to see it if they don't want to.

Now that Google's blogger, our dependable host, has allowed me to attach a domain directly to the blog much more is possible than ever before.

This development bodes well for the blogger blogosphere in general, since now all of the pages of one's blog will be under their domain instead of blogspot.com, as they had to be prior. So the page rank of these sites will be increased since all of the links will redirect to pages under the blog's new domain and all future links will be directly to the domain.

Prior to this domains had to be cloaks or redirects, so even if the blog isn't the main part of the site, it was difficult for a blog to seem like a continuous part of the site. This discouraged many people to leave blogger for paid services or even move their blog off of google's machines and onto another host.

Now this mess is unnecessary and bloggers can easily point their domains and sub domains to Google's DNS servers with a simple CNAME record.

Search engines hate domain cloaks, since they think it is a blank page. Redirects don't solve the problem that links and content do not appear under your own domain.

I will put in all of the free time I can to build a base of information that is useful to the community.

I'm going to use the DNS capabilities to implement a network of blogs under this domain and maybe a couple others if all goes well.

If anyone would like to be an editor and help shape the future of this project, drop me an note at K A H O T E P AT G M A I L DoT C O M

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In our static and denatured world, novelty is the only escape

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The last great catastrophe and alchemical purification was approximately 13,000 years ago; it is often referred to as the deluge The event, as part of the greater Yuga cycle (identified by Indian sages thousands of years ago), brought us out of the Kali Yuga and into Treta Yuga. Such catastrophes are part of a larger transformation; one that students of spiritual alchemy understand and most others have no knowledge of.

These periodic catastrophes serve the greater good by removing corruption and allowing those of pure intention to again inherit the world. Alchemists often use the analogy of a metal-worker using fire to melt and purify metals, thus removing the impure elements and leaving only pure metals behind.

As a Taoist, I believe that novelty is the essential nectar of our existence. Without the continual emergence of novelty the world would become static and dead. It is inevitable, that from the ashes of this lost and desolate world, a new and more novel world will eventually emerge.

It is the nature of living things to grow and change with their surroundings; to play an active role in fomenting their destiny. It is the nature of dead things to remain unchanged despite the ever-fluctuating world around them; to stand by passively without contributing anything novel for the benefit of the collective.

I firmly believe that we are forever in a battle between the forces of novelty and the forces of stasis. In each moment we are given the opportunity to remain static or to use our creative intellect to manifest new and more interesting things. Furthermore I think that it is evident that, if we fail to keep our focus on cultivating and expressing novelty, that nature has a way of leaving us behind.

In a state of static and unchanging darkness, we are no longer worth the energy that we consume; for the overall entropic good of the system, such things must be discarded so that greater forms of novelty will be able to emerge in its place.

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Friday, February 09, 2007

Don't Let The Moment Pass

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This golden day will be mine
For every moment in time
If time should lose her way

A symphony in the night
Of stars that dance in the light
And music far away

They say that love is but a dance
Dont let the music fade away
Dont let the moment pass

Without reason or rhyme
The sweet bouquet of the wine
Will vanish in the air

The innocence of the rose
She leaves where she goes
For all the world to share

Some days when clouds are drifting by
I open my eyes and watch them go
And wonder where they fly

Some nights orion runs too fast
I look to the stars as if to say
Dont let the moment pass

But soon a golden age is past
Just when it seemed that miracles
Were not too much to ask

And though the world may turn too fast
If it should seem like paradise
Dont let the moment pass

~Alan Parsons

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Tuesday, February 06, 2007

Gold Analysis for Febrary 6, 2007

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I found a new indicator that looks promising, when I was messing around with the charting software today. The Ichimoku indicator is a Japanese indicator that functions as a complete system for forming and executing trading strategies.

See Also: Ichimoku Wiki

3 hour Gold chart with Ichimoku (7,26,52)



1 hour Gold chart with Ichimoku (7,26,52)

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Monday, February 05, 2007

US Dollar Due for a Steep Decline

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Here we see a standard Head & Shoulders formation on the USD/JPY daily chart. Upon successful completion of this bearish formation, the Dollar will have depreciated by two full Yen (118.20).

If this is the end of the Dollar's big rally on the Yen, then the decline could go well beyond 200 pips forecast by this formation.

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Penn and Teller: Bullshit! War on Drugs

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New Gold ETF's Opening Up Worldwide!

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Remember what happened after the Gold ETF (GLD) opened in the United States? The demand for cash gold went up dramatically, driving the "paper Gold" flippers out of their short positions.

Now there are ETF's opening up world-wide, in places where the demand for Gold is strong and the need for Gold as a protection against geo-political uncertainty and currency debasement is strong.

Here are stories about two of the soon-to-open ETF's in India and Japan.

Tokyo bourse to offer ETFs linked to prices of precious metals - report

TOKYO (AFX) - The Tokyo Stock Exchange is considering listing exchange-traded funds (ETFs) linked to the prices of gold, silver and other precious metals using know-how it will obtain from the New York Stock Exchange, the Nihon Keizai Shimbun reported.

The NYSE will provide the TSE with expertise on how to manage the funds as part of the broad business partnership the two bourses concluded last week, it said.

Currently, the Tokyo exchange offers 11 ETFs, all of which are linked to a stock price index. This will be the first time for the TSE to list financial products linked to precious metals prices.

The new funds may be listed as early as this summer, with the trading commission to be set lower than for other types of investment trusts, the report said.



India’s 1st Gold ETF opens on Feb 15
India Infoline News Service / Mumbai Feb 02, 2007 11:48

Benchmark Mutual Fund is the first AMC to launch India’s first open-ended fund Gold BeEs, a Gold Benchmark Exchange Traded fund.

India’s first Gold Exchange Traded Fund (Gold ETF) will be open for subscription on February 15. Benchmark Mutual Fund is the first Asset Management Company (AMC) to launch India’s first open-ended gold fund called Gold BeES. The new fund offer (NFO) will close for subscription on February 23.

After the closure, within 30 days the fund proposes to list on the National Stock Exchange (NSE). The scheme intends to provide returns that closely correspond to returns provided by domestic prices of gold by investing 90% in physical gold.

The minimum subscription amount for the scheme is Rs10, 000 and in multiples of Rs 1,000 thereafter. Units will be allotted within 30 days from the date of NFO closure up to three decimal points. Each unit of Gold BeES will be approximately equal to the price of one gram of gold.

Investors would be able to buy and sell gold units compulsorily in dematerialized form. Investors wishing to buy gold units in this scheme will require a beneficiary account with any depositary participants of NSDL or CDSL. They will also have to indicate in the application the DP ID, DP name and the beneficiary account number to the DP at the time of purchasing the units.

The fund will be managed by Vishal.Jain.

Benchmark AMC has appointed the Bank of Nova Scotia as the custodian for the fund.

The fund will charge an entry load during new fund offer in following manner.




InvestmentLoad
Rs 10,000-49,99,0001.5%
Rs 50,00,000 to Rs. 1,99,99,0001.0%
Rs. 2,00,00,000 to Rs. 4,99,99,0000.5%
Rs. 5,00,00,000 and aboveNIL

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Friday, February 02, 2007

The Egyptian Temple of Man

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When will there come a day, when the world will go away?

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I'd like nothing more than to have a day free of the worldly constraints
These, seemingly all-pervasive, constraints bind us to this hell
How did our fore bearers allow us to take this course?
When will enough of us do what it takes to put an end to it once and for all?

I leave this question, often for weeks at a time, only to return again.
I return even more perplexed than before.
Will it ever just go away, even for just one day?

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Thursday, February 01, 2007

Gold Breakout Continues: $750 Minimum Price Objective

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Gold has been performing very well as of late. The cash Gold market appears to finally be overcoming the paper market of flippers.

Why is this? Because paper flippers have no commitment one way or the other and cash Gold buyers buy and hold their Gold as a safe haven from the geo-political instability that looks to be right around the corner.

Gold etched out a nice inverse head and shoulders formation on the 1-day chart. The minimum target of such a formation is the distance between the neckline and the bottom of the head. That is why I see gold hitting a minimum of $750 on this next move.

In other words, it is wise to buy soon if you haven't already, buy the dips, and hold for a couple of months, perhaps selling in late March or April. Buying and holding a core position during a trend like this is likely to net more profits than flipping for most people.

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