Thursday, September 07, 2017
Key Labor-Day Analogies in Gold / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
It was not so long ago, when we wrote about the record-breaking volume in gold. We described the implications of the extreme monthly volume and we discussed the very high readings in case of the individual sessions. We even described these sessions as the most important sessions of the year – at that time. Well, “at that time” those volume readings were indeed extreme, but what we saw yesterday made the previous sessions seem regular. The Tuesday’s volume in gold was the highest that we’ve seen ever (in case of daily upswings). The volume was even higher than the one that accompanied the results of the Brexit voting. With extreme volume, likely come extreme implications.
Thursday, September 07, 2017
Top 3 Technical Trading Tools Part 3: MACD / InvestorEducation / Learn to Trade
By: EWI
"Guessing or going by gut instinct won't work over the long run. If you don't have a defined trading methodology, then you don't have a way to know what constitutes a buy or sell signal. Moreover, you can't even consistently correctly identify the trend."Jeffrey Kennedy is an accomplished teacher and a Senior Analyst here at Elliott Wave International. He feels strongly that, in addition to risk management and emotional discipline, the right technical tools can also add confidence and clarity to your Elliott wave counts.
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Thursday, September 07, 2017
Do Your Really Want $5,000 to $10,000 Gold? / Commodities / Gold and Silver 2017
By: Dudley_Baker
It’s Time to Buy Gold as Insurance.
Investors in the resource sector are starting to lick their chops at the prospects of $5,000 to $10,000 gold within the next few years or perhaps sooner.
Mining shares and especially the junior mining and exploration companies should soar in price with many 10 baggers, 20 baggers and more.
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Thursday, September 07, 2017
Hurricane Harvey’s Short-Term Impact May Be Higher Oil Prices / Commodities / Crude Oil
By: John_Mauldin
Harvey hit hard the heart of the US oil industry.
So far, it has shut down 11.2 percent of US refining capacity (about one-third of all US refining capacity is in Texas’ Gulf Coast) and roughly 25 percent of US oil production from the Gulf of Mexico (accounting for about 20 percent of US crude production). It has also closed all ports along the Texas coast.
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Thursday, September 07, 2017
Forecasting US 30-Year Treasury Bond Yields / Interest-Rates / US Bonds
By: Francois_Soto
The movement of interest rates affects lenders and creditors across global markets while influencing key variables such as output, employment, etc.We predict the US Generic 30-Year Treasuries Yield using a selection of macroeconomic variables chosen from hundreds of time series available.
We trade US1 future contracts based on the differential between the regression output and the actual yield and this strategy is profitable.
Interest rates are an important monetary policy tool to gauge the state of the economy and for policy makers to act accordingly. Per its definition, it is the rate at which interest is paid by a borrower for the use of money. The movement of interest rates affects lenders and creditors across global markets while influencing key variables such as output, employment, consumption, etc.
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Thursday, September 07, 2017
Is Copper Signalling inflation or Higher Stock Market Prices / Stock-Markets / Stock Market 2017
By: Sol_Palha
An idealist is one who, on noticing that a rose smells better than a cabbage, concludes that it is also more nourishing.
- L. Mencken
Many pundits associate higher copper prices with inflation. While this is true to a degree, that is the wrong metric to focus on. Higher copper prices are usually associated with an improving economy. For the past few years, Copper which is a leading indicator did not trend in sync with the markets. It was marching to a different drum beat, but a new trend could be in the works.
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Thursday, September 07, 2017
Yet Another Theory of the Fed? Uggh! / Interest-Rates / US Federal Reserve Bank
By: F_F_Wiley
The world hardly needs another theory of the Fed, especially so soon after its Jackson Hole symposium. But we have a theory, too, and who knows, ours could be as close to the bulls-eye as any of the others. Plus, our theory is easy to explain—it rests on the simple premise that decision makers worry mostly about their reputations. We’ll propose that reputational risks are the primary drivers of central bank policies, and then we’ll use that belief to predict a major policy shift.
Thursday, September 07, 2017
Physical Gold In Vault Is “True Hedge of Last Resort” – Goldman Sachs / Commodities / Gold and Silver 2017
By: GoldCore
– Physical gold is “the true currency of the last resort” – Goldman Sachs
– “Gold is a good hedge against geopolitical risks when the event leads to a debasement of the dollar”
– Trump and Washington risk bigger driver of gold than risks such as North Korea
– Recent events such as N. Korea only explain fraction of 2017 gold price rally
– Do not buy gold futures rather “physical gold in a vault” is the “true hedge”
Thursday, September 07, 2017
EURJPY Might Be Forming Double Top Pattern / Currencies / Euro
By: Franco_Shao
After touching 131.39 previous high resistance, EURJPY pulled back sharply from 131.70 and broke below a major support trend line on on the 4-hour chart. The pair might be forming a double top pattern with neckline at 127.56, a breakdown below this level could confirm the pattern.
Wednesday, September 06, 2017
Copper Price Movements Augur Well for Silver / Commodities / Gold and Silver 2017
By: The_Gold_Report
The charts are increasingly looking positive for silver, technical analyst Clive Maund says, and copper's price movements are good news for silver.
The long base pattern in silver continues with positive price/volume action of recent weeks suggesting that it is approaching completion. On its 10-year chart we can see the giant Head-and-Shoulders bottom pattern that has formed in silver, which parallels the one in gold, but is downsloping because silver tends to underperform gold at the end of bear markets and early in bull markets.
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Wednesday, September 06, 2017
US Dollar Crashing, Gold Soars: Justuce at Last! / Currencies / US Dollar
By: The_Gold_Report
As the North Korean crisis escalates, Tom Beck, founder of Portfolio Wealth Global, discusses the rise of gold and other metals.
North Korea fired a ballistic missile over Japan last Tuesday, sending gold to its highest level in 2017. Last month, we told you that Ray Dalio, the world's largest hedge fund manager, suggested holding up to 10% of your portfolio in gold, warning of rising risks.
It's time to effectively prepare for the best buying opportunities.
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Wednesday, September 06, 2017
Why Korean Tensions Should Soon Ease: The Effect on the Dollar and Precious Metals / Commodities / Gold and Silver 2017
By: The_Gold_Report
The tensions centered on the Korean peninsula should soon ease, leading to a rally in the dollar and a (mild) reaction in precious metals and other commodities like copper, says technical analyst Clive Maund.
There can be no denying that what we have previously referred to as "The Empire" is intent on world domination. The evidence is there for all to see in the form of a vast network of military bases spread across the globe, and a history of invasion of various countries by the Empire in recent years in pursuit of its geopolitical objectives. The economic engine that drives the Empire and supports its imperialistic ambitions is the dollar, whose Reserve Currency status means that infinite quantities of it (or proxy derivatives like Treasuries) can be printed up and swapped for goods and services with any and all countries around the world, and it is this dynamic that supports the formidable U.S. military machine.
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Wednesday, September 06, 2017
The Bitcoin Blueprint To Your Financial Freedom / Currencies / Bitcoin
By: Submissions
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Wednesday, September 06, 2017
The Great Shift of Global Economic Power / Economics / Global Economy
By: Dan_Steinbock
BRIC economies continue to grow. In the late 2020s, the size of China’s economy will surpass that of the US. By the early 2030s, the BRICs’ combined economic power will surpass that of major advanced nations.The BRICS Summit in Xiamen, Fujian province, signals the rising might of the large emerging economies, such as China, India, Russia, and Brazil. South Africa does not fulfill the criteria of a true BRIC economy - large population, strong growth record and catch-up potential - but it has historically played a key role in African governance.
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Wednesday, September 06, 2017
2017 is NOT "Just Another Year" for the Stock Market: Here's Why / Stock-Markets / Stock Market 2017
By: EWI
See 11 charts from ONE page of Robert Prechter's Elliott Wave Theorist.
Wednesday, September 06, 2017
Gold Sniffing Out Coming Central Bank Failure; $2000+ Per Ounce? / Commodities / Gold and Silver 2017
By: MoneyMetals
Mike Gleason: It is my privilege to welcome in Michael Pento, President and founder of Pento Portfolio Strategies, and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known and successful money manager, and has been a regular guest on CNBC, Bloomberg, Fox Business News, and also the Money Medals Podcast, and shares his astute insights on markets and geopolitics from the perspective of an Austrian school economist viewpoint.
It's always a real pleasure to have him on with us. Michael, welcome back and how are you?
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Wednesday, September 06, 2017
Former Lehman Brothers Trader: Traders Shorting VIX Will Blow Themselves Up / Stock-Markets / Volatility
By: John_Mauldin
BY JARED DILLIAN : The New York Times’ DealBook had a great piece of journalism a couple of days ago about short VIX carry monkeys. Well, that is what I call them.
The article features a former Target logistics manager who has goosed his net worth up to $12 million by betting that the VIX will go down. He is in the process of raising $100 million for a VIX-smashing hedge fund.
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Wednesday, September 06, 2017
Bitcoin Falls 20% as Mobius and Chinese Regulators Warn / Commodities / Gold and Silver 2017
By: GoldCore
– Bitcoin falls 20% as Mobius and Chinese regulators warn
– “Cryptocurrencies are beginning to get out of control” – warns respected investor Mark Mobius
– Mobius believes governments will begin to clamp down on cryptocurrencies sparking rush to gold
– Yesterday China’s PBOC ruled Initial Coin Offerings (ICOs) are illegal and all related activity to halt
– China is home to majority of bitcoin miners
– Paris Hilton latest celebrity to support an ICO
– Gold’s return of 16% YTD look ‘dull’ or ‘stable’?
– Bitcoin fell 23%, now down 16% from $5,000 high
Wednesday, September 06, 2017
Stocks Bears - Where Did Everyone Go? / Stock-Markets / Stock Market 2017
By: Brady_Willett
The Fed started hacking interest rates in 2007 and QE3 ended in October 2014. This 7-year period of extraordinary ease, and the nearly 3-year upswing since, has been a difficult time for many market contrarians and so called ‘bears’. To wit, Cornerstone has been missing since 2015, Contrary Investor hasn’t released anything publicly since 2013, and Cross Currents, Beartopia, Financial Armageddon, iTulip, Nystrom, Iacono, and numerous others have gone into deep hibernation. As for Prudent Bear, Tice sold his fund as the crisis began and now the site is trying to look prim and proper (I preferred it when a visit to Prudent Bear meant reading the ‘Bear’s Lair’ and seeing another Tice warning about the coming collapse in the stock market (which, of course, Mr. Tice is still warning of)).
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Wednesday, September 06, 2017
How EIA Guestimates Keep Crude Oil Prices Subdued / Commodities / Crude Oil
By: OilPrice_Com
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.
The monthly EIA oil production figures tend to be more accurate than the weekly estimates, although they are published on several months after the fact. The EIA just released the latest monthly oil production figures for June, for example. Meanwhile, the agency releases production figures on a weekly basis that are only a week old – the latest figures run up right through August.
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