The World Blog by humble servant.

Johnnie Ellington II October 4, 2012 at 9:08 PM · We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force.

Johnnie Ellington II October 4, 2012 at 9:05 PM · Just as man can’t exist without his body, so no rights can exist without the right to translate one’s rights into reality — to think, to work and to keep the results — which means: the right of property.

Johnnie Ellington II October 4, 2012 at 9:04 PM · Competition is a by-product of productive work, not its goal. A creative man is motivated by the desire to achieve, not by the desire to beat others.

Johnnie Ellington II October 4, 2012 at 9:02 PM · It stands to reason that where there’s sacrifice, there’s someone collecting sacrificial offerings. Where there’s service, there’s someone being served. The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master.

Johnnie Ellington II October 4, 2012 at 1:51 PM · “The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.” ― Milton Friedman

Johnnie Ellington II October 4, 2012 at 1:50 PM · “The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both” ― Milton Friedman

Johnnie Ellington II October 4, 2012 at 1:49 PM · “The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.” ― Milton Friedman

Johnnie Ellington II October 4, 2012 · If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand.” ― Milton Friedman

Johnnie Ellington II October 4, 2011 at 9:15 PM · The essence of investment management is the management of risk, not the management of returns." Benjamin Graham

Johnnie Ellington II October 4, 2011 at 8:34 AM · Here are a couple quotes from the greatest trader that ever live are appropriate today in gold and all things gold. One man who at that time was so position who held the whole entire finaicial system in 1929 in his hands breath was satisfy and JP Morgan request was granted to take off his position's and the begining of the end was averted of the 1929 crash was over. Now fast forward to today where are the Jesse's and JP Morgans of today. This Mother Fucker's are trying to destroy this system not heal it. "Patience is sustained courage." "Wisdom is seeing many things and concentrating on one thing." –Jesse Livermore

10/04/18 8:30 AM Initial Claims 09/29 209K 210K 214K 10/04/18 8:30 AM Continuing Claims 09/22 NA NA 1661K 10/04/18 10:00 AM Factory Orders Aug 1.0% 1.8% -0.8% 10/04/18 10:30 AM Natural Gas Inventories 09/29 NA NA +46 bcf

Pivot: 75.70 Our preference: long positions above 75.70 with targets at 76.90 & 77.30 in extension. Alternative scenario: below 75.70 look for further downside with 74.90 & 74.25 as targets. Comment: the RSI advocates for further advance.