Tuesday, October 24, 2017

Stock Market October Crash 2017 But Not as the Bears Expected! / Stock-Markets / Stock Market 2017

By: Nadeem_Walayat

OCTOBER the month when the stock market doom merchants are at their most vocal as they focus on the historic apex of the darkest day of the darkest month for stocks of each year, October 19th, this year was the 30th anniversary of the 1987 stock market Black Monday crash that saw the market fall of a cliff, plunging by an unprecedented 22% on one day that few saw coming but ever since many prophesise the repeat of every October. Furthermore this year marks the 9th October of the current stocks bull market that the perma-crowd have been betting against for its duration. Which means that most of the doom merchants will already have gotten the stock market badly wrong for EIGHT OCTOBERS IN A ROW!

Tuesday, October 24, 2017

Vanadium: The Metal We Can’t Do Without And Don’t Produce / Commodities / Metals & Mining

By: Richard_Mills

From swords to jet engines 

One of the world’s least known metals is also of great importance, and likely to become more so as renewable energies catch up with and possibly eclipse fossil fuels. Yet vanadium’s primary use as a steel alloy is set to keep prices buoyant and North American explorers racing to find a domestic source of the metal that was once used to make swords so strong and sharp the mere sight of them struck fear into the hearts of their enemies.

Tuesday, October 24, 2017

Gold Is Better Store of Value Than Bitcoin – Goldman Sachs / Commodities / Gold and Silver 2017

By: GoldCore

– Gold is better store of value than bitcoin – Goldman Sachs report
– Gold will continue to perform well thanks to uncertainty and wealth demand
– Bitcoin’s volatility continues to impact its role as money
– Gold up 12% in 2017, bitcoin over 600%
– BTC is six times more volatile than gold – see chart
– Gold’s history and physical property shows it meets requirements as a medium of exchange and store of value

Tuesday, October 24, 2017

Lingering Debt Warning as Credit Card Interest Rates Hit Record High / Personal_Finance / Credit Cards & Scoring

By: MoneyFacts

There has been a worrying rise in the number of consumers reliant on credit cards to keep their heads above water, as they stand a higher chance of being unable to repay their debt every month*.

Those who are only able to repay a very small portion of their card debts will find they have many years of debt ahead of them. To make matters worse, the cost of credit is rising, with moneyfacts.co.uk data showing that the average credit card APR has hit 23.0% APR, the highest recorded rate in over ten years**.

Tuesday, October 24, 2017

Crude Oil – Major Resistances Hold / Currencies / Crude Oil

By: Nadia_Simmons

On Friday, crude oil bounced off session’s low and closed the previous week slightly below $52. Did it change anything in the short term?

Crude Oil’s Technical Picture

Let’s examine the charts below (charts courtesy of http://stockcharts.com).

Tuesday, October 24, 2017

NZDUSD’s Bearish Movement Extended To 0.6931 / Currencies / Forex Trading

By: Franco_Shao

NZDUSD extended its downside movement from 0.7557 to as low as 0.6931. Further decline would likely be seen after a minor consolidation and next target would be at 0.6817.

Tuesday, October 24, 2017

Gold Miners Could Be Setting Up For A Big Hit Into Year End / Commodities / Gold and Silver 2017

By: Avi_Gilburt

As I read through the blogs and public articles on miners and the GDX, it has become quite evident that many have now turned either bearish or completely indifferent to this complex. In fact, it seems as though the number of hits being seen in the Seeking Alpha metals section has dropped dramatically over the last year.

Tuesday, October 24, 2017

Gold Price Under $1000 Is A Very Real Possibility / Commodities / Gold and Silver 2017

By: Kelsey_Williams

‎After gold peaked in January 1980 at $850.00 per ounce, it dropped in price by two-thirds (66%) over the next five years. The low in February 1985 was $284.00 per ounce.

At that point it began a strong move upwards over a three-year span peaking at just under $500.00 ($499.75) per ounce in December 1987. That translates to an increase of seventy-six percent.

Tuesday, October 24, 2017

US Dollar Getting Ready to Rally Implications for Gold / Commodities / Gold and Silver 2017

By: The_Gold_Report

Technical analyst Clive Maund discusses the outlook for the U.S. dollar and its implications for gold.The dollar is getting ready for a sizable rally, and that means that gold and silver are going to be knocked back again. Longer term however, the outlook for the Precious Metals could scarcely be better, as we will see.

In last weekend's update it was pointed out that gold's gap breakout from its steep downtrend shown on its latest 6-month chart below was probably false and that it was expected to drop back as the dollar advanced, which it duly did last week. Bearing in mind that the dollar has about completed its Head-and-Shoulders bottom, it is now clear that a parallel Head-and-Shoulders top is completing in gold as shown on the chart. This chart projects a breakdown beneath the nearby support level to be followed by a drop targeting the quite strong support in the $1200–$1215 area.

Monday, October 23, 2017

Why Bitcoin can pullback from $6100 – $6800? / Currencies / Bitcoin

By: ElliottWave-Forecast

Bitcoin continue it’s outstanding performance as it managed to breach the $6000 barrier this weekend, it currently up 200% from 07/16 low and with a total of 500% for this year. The rally from $1830 low is represented by 3 swings subdivided into 5 waves rally then 3 waves pullback followed by another 5 waves.

This type of move can be either labeled as 3 waves Zigzag Structure which can end around equal legs area $6100 – $6800 or it can be part of a 5 waves move which means BTCUSD still needs to extend further toward $8000 as the most powerful 3rd wave move usually reach the 1.618 Fibonacci extension level.

Monday, October 23, 2017

Germany’s Delegation To Russia Signals That Merkel Is Looking For New Allies / Economics / Russia

By: John_Mauldin

BY GEORGE FRIEDMAN : A delegation of executives from major German corporations recently met with Russian President Vladimir Putin.

Such delegations are not unusual. Sometimes it is routine, sometimes a courtesy. But occasionally, it has significance. In the case of Russia-Germany relations, such meetings are always potentially significant.

Monday, October 23, 2017

Stock Market Lemmings in Full Gallup Towards Cliff / Stock-Markets / Stock Market 2017

By: Michael_Pento

Its official…the stock market has broken above 23,000, and its valuations should now scare even the most mind-numbed carnival barker on Wall Street.  The forward 12-month PE ratio is 18, compared to the 10-year average of just 14. The 12-month trailing PE for Pro-forma earnings, which takes into account non-recurring items that seem to recur ever quarter, is trading at 20 times earnings. But on a reported earnings basis—the number you report to the SEC under penalty of the law and according to GAAP standards--the 12-month trailing PE is 25.5 times earnings.

Monday, October 23, 2017

Debt-Driven Consumer Economy Breaking Down / Commodities / Gold and Silver 2017

By: MoneyMetals

Mike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in metals and commodity markets and even authored a book in 2006 titled Gold Trading Bootcamp, where he accurately predicted the implosion of the U.S. credit market and urged people to buy gold when it was only $550 an ounce.

He is a highly sought-after presenter at financial conferences throughout the country, and is a regular guest on financial shows throughout the world, and it's good to have him back here on the Money Metals Podcast.

Monday, October 23, 2017

Next Wall Street Stock Market Crash Looms? Lessons On Anniversary Of 1987 Crash / Stock-Markets / Financial Crash

By: GoldCore

– Next Wall Street Crash looms? Lessons on anniversary of crash
– 30 years since stock market  ‘Black Monday’ crash of 1987
– Dow Jones Industrial Average fell 22.6% on October 19, 1987
– S&P 500, FTSE and DAX fell 20%, 11% & 9% respectively
– Gold rose 24.5% in 1987 (see chart), acting as safe haven 
– Prior to crash, stocks hit successive record highs despite imbalances
– Imbalances that lead to 1987 crash are much worse today

Monday, October 23, 2017

This Super Metal Is Set To Soar By 300% / Commodities / Graphene

By: OilPrice_Com

Monday, October 23, 2017

More New Record Highs As S&P 500 Gets Closer To 2,600 Mark / Stock-Markets / Stock Market 2017

By: Paul_Rejczak

Briefly:
Intraday trade: Our Friday's intraday trading outlook was neutral. It proved wrong because the S&P 500 index gained 0.5%, following higher opening of the trading session. The broad stock market accelerated its uptrend on Friday. There have been no confirmed negative signals so far. On the other hand, we still can see some short-term overbought conditions. Therefore, we prefer to be out of the market today, avoiding low risk/reward ratio trades.

Monday, October 23, 2017

First-time Home Buyers Already Facing Interest Rates Rrise Shock / Housing-Market / Mortgages

By: MoneyFacts

The latest research from moneyfacts.co.uk shows that while the average two-year fixed mortgage rate has experienced an increase at all loan-to-values (LTVs) in the past month, rates at 95% LTV have been the hardest hit, showing a 0.10% increase from September compared to a 0.03% increase in the average rate at 60% LTV.

Monday, October 23, 2017

USDCHF Broke Above Major Bearish Trend Line / Currencies / Forex Trading

By: Franco_Shao

USDCHF extended its upside movement from 0.9420 to as high as 0.9863, breaking above a major bearish trend line on the daily chart, confirming that the downtrend from 1.0343 had completed at 0.9420 already.

Monday, October 23, 2017

Another Minor Stock Market Top? / Stock-Markets / Stock Market 2017

By: Andre_Gratian

Current position of the market

SPX: Long-term trend – The bull market is continuing with no sign of a major top in sight.

 Intermediate trend –  Soon coming to an end.

Analysis of the short-term trend is done on a daily basis with the help of hourly charts.  It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer market trends. 

Sunday, October 22, 2017

Bitcoin Hits $6,000, $100 Billion Market Cap As Helicopter Ben and Jamie Demon Warn The End Is Near! / Currencies / Bitcoin

By: Jeff_Berwick

Bitcoin rose more than 6% today to surpass, for the first time ever, the $6,000 US mark.

More interestingly, bitcoin just surpassed $100 billion in total market capitalization. Or, as Coindesk puts it, $0.1 trillion.