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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • JJG Near Technical Support? 0 comments
    Apr 8, 2013 12:38 PM | about stocks: JJG

    JJG, the Barclays Grains ETN, has fallen hard of late. It is at an interesting cross-roads of possible support. Even more interesting is the bullish divergence in MoneyFlow (bottom of the three lower charts). Moneyflow has trended up over the last six months, while the price as pushed lower over that period. Inthe longer term, price often adjusts to reflect building bullishness or bearishness in MoneyFlow.

    (click to enlarge)

    Disclosure: I am long JJG.

    Stocks: JJG
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