Wednesday, October 18, 2017
Palladium and Rhodium Are on Fire, Is Platinum Next? / Commodities / Platinum
By: MoneyMetals
By Clint Siegner : Platinum was once the most precious of metals. For decades, it traded at a premium to gold. The other platinum group metals – palladium and rhodium – barely registered on investors’ radar screens.Platinum lost its crown to gold in 2015. It was overtaken by the other Platinum Group metals (PGM) metals in recent weeks.
Wednesday, October 18, 2017
Surge in UK Race Hate Crimes, Micro-Racism, Sheffield, Millhouses Park, Black on Asian / Politics / Social Issues
By: N_Walayat
The latest police statistics reveal a huge surge in hate crime in the year to March 2017, up 29% to 80,393 which is the largest annual rise since records began that comes in the wake of last years Brexit vote and a string of terror attacks with most of the hate crimes being racially motivated. However the statistics represent the extreme end of the spectrum of reported race crimes for the vast majority lower level hate crimes tend to go unreported. Also the statistics do not cover the further spike in hate crime in the wake of the most recent terror attacks of the past 6 months.
Tuesday, October 17, 2017
Bitcoin: A Tower of Monetary Babel / Currencies / Bitcoin
By: Antonius_Aquinas
The promoters of crypto currencies have gushingly touted them as the mechanism by which the present central banking cabal and the system of nation states which derive much of their power from will be brought down and replaced by digital money. Despite their meteoric rise as speculative “assets,” there are fundamental economic reasons why they will never act as a general medium of exchange despite the wild enthusiasm for them by the crypto-currency cultists.
Tuesday, October 17, 2017
USDCHF Is Now In Uptrend From 0.9420 / Currencies / US Dollar
By: Franco_Shao
USDCHF recently broke below the bottom support trend line of the price channel on its 4-hour chart, suggesting that the upside movement from 0.9420 had completed at 0.9836 already. Near term support is at 0.9704, a breakdown below this level could trigger another fall towards 0.9564.
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Tuesday, October 17, 2017
Comfortably Numb: Surviving the Assault on Silver / Commodities / Gold and Silver 2017
By: The_Gold_Report
Precious metals expert Michael Ballanger discusses the current state of the precious metals markets. In the late 1960s and most of the 1970s, an English rock band named Pink Floyd dominated the world of progressive and psychedelic music with such memorable albums as "Dark Side of the Moon," "Wish You Were Here," and "The Wall." One of their greatest hits was a song entitled "Comfortably Numb" and as I was listening to it the other night, the refrain in the middle of the song—"Gotta keep it going through the show; c'mon it's time to go"—reminded me of the current state of the precious metals markets in the sense that the bullion bank criminals really are doing their utmost to "keep it (the price caps and interventions) going through the show". That silver investors have been rendered "comfortably numb" by way of serial price assaults is a testimonial to the sentiment out there for silver equities, coins, and the like. In case you hadn't noticed, sentiment for gold and particularly silver is outright putrid.
Tuesday, October 17, 2017
USD Intermediate Cycle update / Currencies / US Dollar
By: SurfCity
I need to see a bit more follow through confirmation in the days ahead, but it sure looks to me that the USD found support at the 50ma and found a short term Trading or Daily Cycle Low (TCL/ DCL) last Friday on day 24.
If I am correct, we are on day 1 of Trading Cycle #2 and this also means that the USD has found its longer term 5-6 month Intermediate Cycle Low (ICL) back in early September near the 7 month mark. My first chart is a close up daily that shows the price action.
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Tuesday, October 17, 2017
Are Amey Street Tree Felling's Devaluing Sheffield House Prices? / Housing-Market / UK Housing
By: Nadeem_Walayat
Sheffield City Council's Streets Ahead PFI Contract with the multinational Amey apparently also means that many of the Sheffield's tree lined suburbs are being stripped of virtually all of their big trees that have taken over 100 years to grow to their current magnificent house prices boosting splendour.
The big question is does felling of these community assets valued at approx £50k each (CAVAT method) also mean that the properties on these streets are also being felled / devalued?
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Tuesday, October 17, 2017
The S&P 500 Is Headed Over 3000 / Stock-Markets / Stock Market 2017
By: Avi_Gilburt
By Avi Gilburt : Many will simply read the headline to this article, and use it as support for their belief in the market striking a multi-year top right now. I mean, aren’t headlines like this proof that the market is overheated?Well, the answer is a definite “sometimes.” You see, back in 2015 and 2016 I was writing articles with headlines saying that we are going to target the 2500SPX region. And, if you thought that those headlines were portending the end of the bull market, then you were clearly wrong. So, consider, maybe this headline is prescient rather than a contrarian signal.
Tuesday, October 17, 2017
Stock Market Lindsay 12 Year Interval / Stock-Markets / Stock Market 2017
By: Ed_Carlson
The failure of the 15-year interval high (counted from the 9/21/01 low) to appear on time does not mean the bulls are out of the woods yet. A 12-year interval is sufficient to pull the Dow down into its forecast low without the help of a 15-year interval. A 12-year interval forecasts a low in a time period extending from 12yrs, 2mo to 12yrs, 8mo. from a significant high. The 12-year interval counted from point B of the long cycle on 3/7/05 is active until approximately 11/7/17.
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Tuesday, October 17, 2017
12 Real-Life Techniques That Will Make You a Better Trader Now / InvestorEducation / Elliott Wave Theory
By: EWI
Dear Trader,
If you invest in the markets -- or better yet, if you're an active trader -- this is something to get excited about.
Our friends at Elliott Wave International (EWI) have just released a free video-based resource, "12 Real-Life Techniques That Will Make You a Better Trader Now." Over 5 free videos, EWI's Master Instructor Jeffrey Kennedy gives you 12 battle-tested trading tips -- 100% free. These free lessons will help you understand the steps you should always take to capitalize on new market opportunities.
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Tuesday, October 17, 2017
How I Broke My Hand on Alton Towers Dangerous Rides! / ConsumerWatch / Theme Parks
By: N_Walayat
It's SCAREFEST October at Alton Towers again when Britain's most popular theme parks stays open until late, well past nightfall. Just becareful on the rides especially in the dark because it is very easy to get injured if one lets ones guard down. For instance even going into a ride such as the HEX could prove dangerous as was my experience, going in all smiles, coming out with a fractured hand!
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Tuesday, October 17, 2017
What Happens When the Fed FINALLY Reduces Its $4.5 Trillion Balance Sheet? / Interest-Rates / US Federal Reserve Bank
By: EWI
So, there we have it. Deflation has started.
The Federal Reserve announced last month that they would start to reduce their $4.5 trillion balance sheet in October, thereby starting the process we call Quantitative Tightening (QT). As expected, they are aiming to do it gently and quietly, by not reinvesting bonds as they mature, starting with sums of around $6 billion of Treasuries and $4 billion in Mortgage-Backed Securities (MBS). The scale of non-reinvestment will gradually increase. Once in full swing, the Fed's balance sheet could reduce by up to $150 billion each quarter.
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Tuesday, October 17, 2017
China Wants the World’s Reserve Currency / Currencies / China Currency Yuan
By: Michael_Pento
In the aftermath of WWII the American economy was that shining city on a hill. After saving mankind from the Nazi’s, America had the only intact manufacturing base and was the repository for most of the world’s gold. Those circumstances propelled the US dollar to world’s reserve currency status. And for the past seventy years, this status has been the cornerstone for America’s power base and hegemony around the globe.
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Tuesday, October 17, 2017
Warren Buffett Predicting Dow One Million - Being Bold Or Overly Cautious? / Stock-Markets / Stock Market 2017
By: Dan_Amerman
In a recent speech, Warren Buffett came down boldly on the side of optimism when it comes to both the economy and financial markets. What he said was "being short America has been a loser's game... And it will continue to be a loser's game."
And to throw down the gauntlet against some the current negative talk in the markets, Mr. Buffett boldly predicted something quite extraordinary - which was that in 100 years "the Dow will be over a million."
Is that even remotely believable, or is Mr. Buffett getting carried away by his own optimism?
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Tuesday, October 17, 2017
Globalization is Poverty / Politics / Social Issues
By: Raul_I_Meijer
Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows? Still, the global economy has never been more interconnected than it is today, due mostly to the advance of globalism, neoliberalism and perhaps even more, technology.
Ironically, all three of these factors are unremittingly praised as forces for good. But living standards for many millions of people in the west have come down and/or are laden with uncertainty, while millions of Chinese now have higher living standards. People in the west have been told to see this as a positive development; after all, it allows them to buy products cheaper than if they had been made in domestic industries.
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Tuesday, October 17, 2017
China Has a Bargaining Chip Against the US in the North Korea Crisis / Politics / China US Conflict
By: John_Mauldin
By Jacob L. Shapiro : Of all the parties involved in the Korean missile crisis, the most difficult to read is China.
China’s talks about the need for a peaceful resolution do little to reveal what China’s real interests and objectives are. And what they are is multiple and conflicting.
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Monday, October 16, 2017
Boomers Are Not Saving Enough for Retirement, Neither Is the Government / Economics / Demographics
By: John_Mauldin
BY PATRICK WATSON : Wall Street endlessly gushes about retirement. Its TV commercials show how wonderful life will be in our golden years—when we are old, yet still healthy and wealthy enough to go hang-gliding every day.
Meanwhile, out here in the real world, most working-age Americans don’t want to talk or even think about retirement. Often this is because they know they aren't saving enough and probably will have to work until they drop dead.
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Monday, October 16, 2017
Stock Market Trading Dow Theory / Stock-Markets / Stock Market 2017
By: Christopher_Quigley
In the last Market Brief on the 1st October I outlined that the markets were now back on “full bull”. Since then the Dow Industrials have risen 466 points. The main reason I felt confident expressing this opinion was that while the Dow 30 had not experienced much of a pullback since mid-May (and therefore was very much “overbought”) the Dow Transports had corrected back to its 200 Daily Moving Average but was beginning to show renewed technical strength. This indicated that the main trend, as defined by the Dow Theory system, had remained in full force.
Monday, October 16, 2017
Stocks Slightly Higher as They Set New Record Highs / Stock-Markets / Stock Market 2017
By: Paul_Rejczak
Briefly:
Intraday trade: Our Friday's intraday trading outlook was bearish. It proved partly wrong because the S&P 500 index gained just 0.1%, and the index continued to trade within relatively narrow short-term consolidation. The market may retrace some of its recent rally. Therefore, intraday short position is favored again. Stop-loss is at the level of 2,570 and potential profit target is at 2,530 (S&P 500 index).
Our intraday outlook is bearish today. Our short-term outlook is neutral, and our medium-term outlook is neutral:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
Monday, October 16, 2017
EURGBP Failed To Break Above 0.9045 Resistance / Currencies / Euro
By: Franco_Shao
EURGBP failed in its attempt to break above 0.9045 resistance and pulled back from 0.9032. The subsequent fall extended to as low as 0.8855, breaking below an important support level at 0.8906 on the 4-hour chart, suggesting that the short term uptrend from 0.8746 is complete.