1. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS
GLOBAL MACRO EVENT
BEWARE OF SERIOUS EURO WEAKNESS
AHEAD
EU SUMMIT WILL PROVE AN
IMPLEMENTATION DISAPPOINTMENT

2. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS
• Shadow Banking
Global Macro Collapse
• Yen Carry Unwind
Analytics • Euro Casualty
• Asset & Crisis Protection
Hard Assets • Store of Value
Analysis • Fiat Collapse
Technical • Secular Bear Resumes
Analysis • Pivot Point

3. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

4. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

5. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

6. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

7. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

8. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

9. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

10. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

11. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

12. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

13. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

14. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

15. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

16. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

17. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

18. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

19. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

20. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

21. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

22. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

23. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

24. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS

25. This chart is from the November 2011 Market Analytics & Technical Analysis
Report
October 25th, 2011
EURO WEAKNESS
OBSERVATION
THE JAPANESE CARRY TRADE FALLOUT
EUROPEAN CRISIS IS A RESULT – NOT THE CAUSE
THE CAUSE IS THE COLLAPSING SHADOW BANKING
SYSTEM
(The Off Balance Toxic SIV Banking Structures)