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Oct 14, 2009

What’s the latest with Crude Oil? By Adam Hewison

I’ve had a number of requests from MarketClub members to produce another video on crude oil. Part of that may have come from the crude oil alert that we put on our blog on October 12.
What is interesting about crude oil is the fact that seasonally, it should be going down. However, the market appears to be doing just the opposite. We have written about this before and when something is supposed to happen and the opposite occurs, it’s time to pay attention.
What was also interesting in crude oil is the fact that all of our “Trade Triangles” are all green giving a perfect 100% Chart Analysis score. This indicates that there are some strong trends in place and the odds are that the market should go higher. However, this is not a guarantee and all trades should be managed with stops.
In my new short video, I show some levels that crude oil could potentially go to. I also indicate a key level that many professional traders are watching and if this level is broken, it will certainly be a game changer.
This video is free to view and there are no registration requirements. The one request we have is that you comment on our blog about your thoughts on crude oil.
All the best,
Adam Hewison
President of, Inc.
Co-creator of

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Market analyst Hutchinson acknowledges gold suppression

11:50a ET Wednesday, October 14, 2009
Dear Friend of GATA and Gold:
Market analyst Martin Hutchinson's latest column, published this week at Prudent Bear, acknowledges the likelihood that central banks will try to manipulate the price of gold so that they might avoid having to do anything about the difficult problems signified by a rising gold price.
Hutchinson's commentary takes note of the Financial Times story GATA brought to your attention last week with a little preface of commentary, "Ohmigod! Commodity Investors Might Have to Buy ... Actual Commodities":
Hutchinson writes:
"Given the predilections of today's policymakers, it is unfortunately unlikely that they will tighten monetary policy sufficiently to break the commodity flight, whatever the gold price does. Instead, led by the determined Keynesians of the International Monetary Fund, they are much more likely to attempt to control the gold price itself, either surreptitiously by selling off massive quantities of the world's gold reserves, or openly by imposing limits on gold futures trading and possibly, like Franklin Roosevelt in 1933, making it illegal for ordinary individuals to own gold or to buy gold futures.
"That will of course only make matters worse; it would be equivalent to trying to avoid a speeding ticket by smashing the car's speedometer. Manipulating the gold price to pretend that liquidity is not excessive does not stop liquidity from being excessive. Nor does it lead any but the stupidest institutional investor to believe that his urge to invest in physical commodities is misguided. Rather, it will cause commodities investment to be carried out through shell companies in tax havens, away from regulators' radar screens. The effect on global supply chains will be equally damaging, but policymakers will no longer have a straightforward way of determining how to avoid the resulting economic depression."
You can find Hutchinson's commentary, headlined "When Money Becomes Worthless," at Prudent Bear here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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