The primary driver of this view is the idea the world is still mired in global deflation, despite the growing expectation of an inflationary spike at “any time.” We are not denying the case for inflation, but believe it will take a lot more traction in the developed world economies before it materializes. That could be measured in years. 

Quotable

While assessing the proposed additional levy on bank accounts in Cyprus, Putin said that such a decision,  should it be made, would be unfair, unprofessional and dangerous,’ Kremlin spokesman Dmitry Peskov told journalists.”

Putin and his Russian mob get a haircut in Cyprus

It was likely not an easy call for EU officials: How to make the Russian mob pay their fair share without punishing honest local citizens of Cyprus (assuming such creatures still exist there), and without triggering contagion into other EU periphery country banks based on this precedent of a direct tax on depositors?

The Russian mob, with Putin as headmaster, effectively owns Cyprus banking. The country has become their offshore bank, money laundry, and stop-over port for illegal arms shipments into the Middle East. [Any US fingerprints here in an attempt to stop the arms flow to the Syrian government? Nah, surely not…]. The mafia-state was feeling good about having their stash nice tucked away within an EU member country, knowing their illegal deposits were guaranteed by the rest EU taxpayers; a sweet deal indeed. Well, said Russians stopped feeling so good about this “sweet deal” sometime yesterday I suppose. [St. Patrick works in mysterious ways.]

Why not just push the nation out of the EU and stop pretending the rest of EU taxpayers should have anything to do with the future of Cyprus and its mafia supporters? Maybe it has something to do with the rest of the massive Russian deposits supporting “legitimate” banks within the Eurozone? Nah, surely not…

Any way you decide to share your outrage over the EU’s decision for depositors to take a haircut in Cyprus, it is yet another example of the many structural flaws in this idea/dream/delusion all these politically and culturally differing states within the Eurozone can co-exist under a single currency, monetary and fiscal policy.The goal of bringing nations, who warred against one another for thousands of years, together under a single regime in order to secure the future piece was laudable. But in the real world it still doesn’t seem practical. The guideposts established and tinkered with in this herculean effort to hold the single currency regime together are now pushing the nations further apart and spawning dangerous social unrest.

Sticking your finger in the eye of the Russian mafia has rarely proven a pleasant experience for most. Stay tuned.

EUR/USD Daily: Hmmm….maybe.

Jack Crooks

Black Swan Capital

www.blackswantrading.com

info@blackswantrading.com

Ph: 772-349-6883

Skype: blackswanfx

Forex Workshop – April 7th & 8th – Orlando, Florida

We racked up more profit in the Black Swan Forex service last week and are sitting on some nice open locked in open profits…short AUD/JPY…and have another high-probability trade setup working…

In our recent advertising for our forex workshop, we used 42% gains as of 3-15-13 (based on one-lot trades, regular sized forex contracts, and assuming a $50,000 account sized). You can bump that up to 45% gains based on the track record as of today. If you are interested in the fx workshop or subscribing to our service, let us know. We do give trials but now only upon request. info@blackswantrading.com or via Skype at blackswanfx or by phone at 772-349-6883

Canada #14 – GDP (PPP) per capita: $39,171

Click HERE or on image for #1 – #15

The price action in the U.S. Dollar since the 2011 bottom continues to unfold in the same manner as experienced following the bottoms of 1980 and 1995. This is within the framework of the numerous turning points in the 16-year cycle as labeled below. The February low becomes the definitive level that needs to hold in order to keep the bullish scenario in place.

The following charts display the daily price structure. The violation of the basic support line (B to H) into point J that occurred in December is common in all three charts (). It then developed into a double bottom, successfully holding around point H (). The current rally above point I, twenty-two months after the major bottom (), should find resistance from here to the 50-week (233-day) Bollinger Band (83.55) and the July highs at 84.10.

A subsequent consolidation that gives back less than half of the rally from February 1st, allowing the RSI to drop back below the mid 50’s, could be the precursor to a longer-term breakout, targeting the dotted red resistance channel on the monthly chart around 93 (labeled point 4).

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BOB HOYE, INSTITUTIONAL ADVISORS

EMAIL bhoye.institutionaladvisors@telus.net

WEBSITE www.institutionaladvisors.com

Opinions in this report are solely those of the author. The information herein was obtained from various sources; however we do not guarantee its accuracy or completeness. This research report is prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized.

Investors should note that income from such securities, if any, may fluctuate and that each security’s price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities or options or futures contracts. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment mentioned in this report. In addition, investors in securities such as ADRs, whose values are influenced by the currency of the underlying security, effectively assume currency risk. Moreover, from time to time, members of the Institutional Advisors team may be long or short positions discussed in our publications.

First, let me thank Michael for giving me this chance to offer you one of 25 seats at my upcoming “Trade with Jack” Forex seminar in Orlando. I’m not one to brag, but when it comes to money, success speaks for itself. And success is the reason I want you to join me in Orlando Sunday and Monday, April 7-8. 

I’ve been on a red-hot trading streak this year. In Orlando, I’ll show you how I traded my way to over 40% profit in about 60 days!

PROOF

Closed Trades for 2013 through 5-March-13

Total Trades: 45
Total Pips Profit* $20,744 (*based on 1 (one) contract per trade)
Winners: 24
Losers: 17
Breakeven: 4
Win/Loss Ratio 1.4
Average Winner (PIPs) 117
Average loser (PIPs) -53

This is based on a $50,000 starting capital size–a 41% gain on closed trades this year to date… and that’s only one-lot traded per reco.

Do you want a 41% return in just 2 Months?

You can do it…When You Learn My Secrets. In Orlando, I’ll Reveal My Daily “Rituals” and Strategies that enabled me to achieve a 1.4 Win/Loss Ratio

Enjoy one free night’s accommodations as a Money Talks Subscriber – Sign up today, and you’ll even get one standard hotel room at Courtyard Marriott – Orlando Airport included in your tuition… a $179 value! (Plus there is free shuttle service from the airport to the hotel.)

Back to success…

Who should attend?

Intermediate to Advanced traders who want to hone their skills with me (and maybe combine it with a family vacation) in a relaxed, very intimate setting where I’ll answer all of your questions. Come prepared to ask anything you want on Japan, Global Macro events, Washington Politics–and how they may (or may not) affect the markets.

What You’ll Learn on Sunday in a give-and-take seminar session….

1. Fundamentals: Developing a market view you can profit from
2. Price Action in FX Markets and how to capitalize on it
3. Psychology – Getting your mind right so your trades make money
4. Risk Management – Tactical entry and exits to preserve capital and maximize profit
5. A Modified Wave Trading Approach–My proprietary system
6. Putting it all together: Swing levels, Fibs, Pivots, 1-2-3 wave analysis
7. MONDAY LIVE: Early morning session Identifying high probability trade setups

What You’ll See on Monday…

Watch as I trade live the tail end of the London session and the U.S. session. My trades will be up on a screen for everyone to see, and I’ll explain my every move. You’ll deepen your knowledge considerably on how to recognize high probability trade setups.

If you’ve ever wanted to look over the shoulder of a highly successful trader–this is your opportunity. You’ll see how I find the high probability trades every day, make my decisions, place my trades, and keep going.

Maybe most important–you’ll see my daily rituals that keep me on track. Rituals help me focus and by seeing mine, you can develop your successful rituals.

BONUS MENTORING AND INFORMATION

And you’ll walk away with some incredible bonuses, including:

• One month of FREE real-time mentoring to apply knowledge gained from the workshop– a $5,000 value!
• A 50% discount on a one year subscription to Currency Currents Professional (a $497 savings!)
• Key reference materials to support ongoing development as a forex trader

Trading foreign exchange (forex) successfully requires daily study and constant focus. It is imperative to know your market, know the risks, and know yourself in order to establish a trading methodology that is right for you.

In Orlando, you can dramatically deepen your understanding and trading methodology by learning alongside an experienced trader.

Ultimately…

There are no short-cuts or Holy Grails, despite what others may suggest. But you can make serious money trading foreign currencies if you do the right things consistently, over time.

My Orlando Black Swan Trading Workshop will help you do just that.

Please note: This is not for beginners.

This is an intermediate- to advanced-level trading workshop applied to the foreign exchange market. To get the most out of this workshop it’s important you already understand the basics of foreign exchange (the lingo & conventions) and have past personal trading experience.

Come down to Orlando, ask questions, apply yourself and take a lot of notes. If you do, this workshop will not only help you become a better trader, but inspire you to life-long learning in the exciting and dynamic market we call forex.

Get One Night Free Standard Hotel Room–

CLICK HERE TO SIGN UP TODAY

You can use your free room Friday night, Saturday night, or Sunday night. Your complimentary room and the entire seminar is just…$799–-save $179 (room rental)!

This “free room” deal will end on March 31 (Easter Sunday) at Midnight. It is an exclusive benefit for Money Talks subscribers.

For some of you, $179 will pay for your plane ticket. It will certainly reduce your hotel bill by 1/3 or ½.

And it’s $179 more to trade with.

So don’t delay.

One More Reason to Act Today

I’m limiting this workshop to 25 traders. I want to make sure you have plenty of time to ask questions and get the in-depth knowledge you need.
So don’t miss out…I’d hate for you to be disappointed.

NOTE: Registrations are coming in steadily and I expect them to start snowballing as the seminar draws near. Don’t risk being shut out because we’re sold out. No exceptions: once the 25th seat is sold, the seminar is closed… at any price.

Sign up today and I’ll see you in Orlando. After those two days, I guarantee you’ll be ready for your 1 month free mentorship.

Jack Crooks
Black Swan Trading

P.S. This is a continuation of our January workshop in Fort Lauderdale. That workshop was geared more for Forex 101–this is not.

The information, learning, ability to ask questions, and watch me tie everything together LIVE on Monday is worth thousands of dollars. The January participants felt they received far more than they paid for–and this workshop is stuffed with even more content for Intermediate to Advanced traders.

Don’t miss this event. Secure your place now–and save $200!

P.P.S. I’m offering this workshop exclusively to my most sophisticated and serious subscribers and traders. This is for people who are serious about making money in Forex.

You’re receiving this invitation because you read I know Michael Campbell’s Money Talks audience are serious investors and you may be ready for this level of “insider’ expertise.