Wednesday, August 30, 2017
Dueling Technicals on Amazon AMZN / Companies / Amazon
An analysis of Amazon (AMZN)'s charts on Monday identified a near-term potentially bullish formation juxtaposed against a tricky, potentially dangerous intermediate-term set up.
From a near-term perspective, AMZN on its hourly chart appeared to be putting in a "falling wedge"-type pattern (the opposite of a rising wedge), which usually represents a trend-ending formation. In this case, it would be the conclusion of the correction off of the July 27 high at 1083.20 to Monday's low at 942.25.
Wednesday, August 30, 2017
President Trump and ... the Interest Rate Yield Curve? Video / Interest-Rates / US Interest Rates
This chart offers a completely different take on the question of why President Trump's approval is falling.
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Wednesday, August 30, 2017
Why Trump Should Literally Start Selling American Blood To China / Companies / Healthcare Sector
BY PATRICK WATSON : In June, the US ran a $32.6 billion “trade in goods” deficit with China. That’s the difference between our imports from China ($42.3 billion) and our exports to China ($9.7 billion), according to the US Census Bureau.
That sounds terrible, but it’s really not if you look at the big picture.
The Trump administration doesn’t like trade deficits, so they must be reduced or eliminated. To do that, we need Chinese consumers to buy more “Made in the USA” products.
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Wednesday, August 30, 2017
A Very Good Day for Gold / Commodities / Gold and Silver 2017
What happened yesterday in the gold market was VERY bullish. After looking like it was topping out at its April and June highs, gold surged through them. While we were wary of it topping out here like a lot of traders, we definitely have a handle on the big picture which couldn't be more positive, with the dollar set to crash as it heads towards loss of its reserve currency status, and a slowly dawning awareness among the hordes of fools holding paper denominated gold, that the only thing that matters is physical possession—if you own paper gold, you could find yourself well and truly out in the cold. You can wave your piece of paper in the air and demand delivery, only to be bluntly informed "Sorry, mate—none left—go ask the Chinese if they'll let you have a little".
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Wednesday, August 30, 2017
Alert: Gold Price Breaks Out to New 2017 High / Commodities / Gold and Silver 2017
Gold’s naysayers and doubters came out in full force earlier this summer as sentiment reached its nadir. The mid-year pullback in prices did, too.
There can be no doubt about it now – gold has broken out of its summer doldrums. On Monday, the yellow metal finally broke through the longstanding $1,300/oz resistance zone to make a new high for the year at $1,316.
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Tuesday, August 29, 2017
SPX Futures Challenging Support / Stock-Markets / Stock Market 2017
Good Morning!
SPX futures are down to challenge the Cycle Bottom support at 2430.17 and the Head & Shoulders neckline at 2417.35 with a morning low in the futures at 2421.25. It is currently retesting the Cycle Bottom as resistance and may now have the ability to break the neckline. Since this Cycle has nearly taken 4.3 days (from the 2454.77 high), it is my opinion that this Cycle may take up to 8.6 days.
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Tuesday, August 29, 2017
Gold Price Surges 2.6% After Jackson Hole and North Korean Missile Launch / Commodities / Gold and Silver 2017
– Gold surges as N. Korea fires ballistic missile over Japan
– Safe haven buying sees gold break out to 10-month high after Jackson Hole and rising North Korea risk of attack on Guam
– South Korea’s air force dropped eight MK 84 bombs near Seoul; simulating the destruction of North Korea’s leadership
– Gold rises from $1,291 to $1,325; Silver surges 3.2% from $17.05 to $17.60
– Volatility as seen in VIX surges as stocks fall; FTSE -1.1%
Tuesday, August 29, 2017
Discounted Mortgages Make Better Deals for First Time Home Buyers / Housing-Market / Mortgages
First-time buyers looking for a mortgage may instinctively opt for a fixed rate deal to give them the peace of mind of knowing their monthly repayments won’t change even if base rate rises. However, research from moneyfacts.co.uk shows that first-time buyers may be significantly better off if they were to opt for a discounted variable rate deal instead, as the average fixed rate at 95% loan-to-value (LTV) is 0.82% more expensive than the current average discounted variable rate.
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Tuesday, August 29, 2017
Borrow Using Credit Cards Instead of Loans to Save Over £200 / Personal_Finance / Debt & Loans
The current low interest rate environment is no doubt popular with borrowers, however, an unsecured personal loan is not always the most cost-effective choice when it comes to borrowing small amounts. The latest research from moneyfacts.co.uk reveals that consumers could save over £200 by using a competitive credit card instead.
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Tuesday, August 29, 2017
Gold and Silver - Shifting the Narrative / Commodities / Gold and Silver 2017
Precious metals expert Michael Ballanger discusses gold's breakout and its correlation to the U.S. dollar and cryptocurrencies. For most of the past eight weeks, the financial media have been attempting to tilt the scales of conversation away from the weak macro backdrop in favor of the new initiative on Afghanistan and/or the Trump White House and/or domestic and international terror. As stocks rally in the face of flat earnings growth and rising P/Es, I have noticed an unwavering tendency for dips to be bought firstly by the pre-programmed computer programs, then by traders, and finally by the investing public who continue to behave as instructed by the Behavioral Architects that reside within the Working Group on Capital Markets and execute through the N.Y. Federal Reserve. Similarly, gold now above $1,300 and silver above $17.10 have in the past been faded like old swimsuits as all eyes are glued to the rising open interest and bullion bank aggregate short positions that are historical precursors for criminal takedowns.
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Tuesday, August 29, 2017
Cryptocurrencies Hit All-Time Highs, Gold Spikes Higher As Investors Flee The Stock Market / Currencies / Bitcoin
Bank of America Merrill Lynch reported this week that investors had pulled $30 billion from US stock funds over the last ten weeks. And, the latest week of outflows marks the 10th straight week of withdrawals, the longest in more than a decade.
Investors pulling $30 billion from the stock market in the last ten weeks is very interesting as the value of all cryptocurrencies has simultaneously surged by $47 billion in the last ten weeks.
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Tuesday, August 29, 2017
USDJPY Is Facing Major Support At 108.13 / Currencies / US Dollar
USDJPY moved sideways in a trading range between 108.13 and 115.50 for several months and is now facing the previous low support level at 108.13 once again.
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Tuesday, August 29, 2017
How to Get GCSE Exam A*'s, 9 in Maths and English, Top 10 Tips! / Politics / Education
It was GCSE exam results day last Thursday when Britain's 16 year olds found out if they achieved their expected GCSE grades allowing them to move up the education ladder to A Levels and vocational training on the path to University. Therefore it is a good time to find out from those who did well what are their top tips for getting A* GCSE Exam Grades for future exam entrants.
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Monday, August 28, 2017
The Amount Of Dollars In Existence Relative To The Silver Price Points To Much Higher Prices / Commodities / Gold and Silver 2017
Silver is currently trading around $17 an ounce. This is around 34% of its 1980 all-time high of $50. However, this is an incomplete representation of what silver is really trading at, relative to US dollars. When you look at the silver price, relative to US currency (the amount of actual US dollars) in existence, then it is at its lowest value it has ever been.
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Monday, August 28, 2017
Trump’s Decision On North Korea Will Define His Administration / Politics / North Korea
BY GEORGE FRIEDMAN AND JACOB L. SHAPIRO : Most US presidencies are defined by their foreign policies, and most foreign policies are defined by wars—those that were fought and those that weren’t.
The biggest decision an American president faces is whether to send the nation’s soldiers into certain danger to protect and defend the national interest.
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Monday, August 28, 2017
The Big Long in World Stock Market Indices / Stock-Markets / Stock Market 2017
Since the decline starting from year 2000, the world has been calling for a huge crash in world indices. The world indices did in fact corrected nicely in the year 2000 and 2009. The correction took the form of a FLAT Elliott wave structure and reached 50%-61.8% of the all-time rally in most of the world indices. This correction is even recorded in a movie titled “The Big Short” telling story about a group of traders shorting the market.
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Monday, August 28, 2017
Diversify Into Gold On U.S. “Political Instability” Advise Blackrock / Commodities / Gold and Silver 2017
– Gold set to shine as Washington stumbles
– “Bet on gold’s diversifying properties rather than political stability”
– World’s largest asset manager believes Trump and political drama in the U.S. means gold likely to rise
– Real rates flattening out and rising political instability – Blackrock’s Koesterich
Monday, August 28, 2017
The Death Of Cash – New Tech To Revolutionize The Payments Industry / Companies / War on Cash
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Monday, August 28, 2017
Stocks Extend Their Fluctuations - Which Direction Is Next? / Stock-Markets / Stock Market 2017
Briefly:
Intraday trade: Our Friday's neutral intraday outlook has proved accurate. The S&P 500 index extended its short-term consolidation. The market may continue to fluctuate today. There have been no confirmed positive signals so far. On the other hand, the S&P 500 index remains above support level marked by last week's Tuesday's daily gap up of 2,430.58-2,433.67, and there is no clear short-term downtrend. Therefore, we prefer to be out of the market today, avoiding low risk/reward ratio trades.
Our intraday outlook remains neutral, and our short-term outlook is bearish, as we expect downward correction. Our medium-term outlook remains bearish:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): bearish
Monday, August 28, 2017
EURGBP Is Facing 0.9305 Resistance / Currencies / Euro
EURGBP formed a double bottom pattern on its daily chart, with neckline at 0.8851 and measured move target at around 0.9400. After breaking above the neckline resistance, the pair extended its bullish movement to as high as 0.9270, facing the resistance at the October 2016 high of 0.9305.
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