Monday, August 07, 2017

The Death of Abenomics; the Rise of Interest Rates / Interest-Rates / Japanese Interest Rates

By: Michael_Pento

Job approval numbers for Japan’s Prime Minister Shinzo Abe are in freefall. Abe's support has now fallen below 30%, and his Liberal Democratic Party recently suffered heavy losses stemming from a slew of scandals revolving around illegal subsidies received by a close associate of his wife.

But as we have seen back on this side of the hemisphere, the public’s interest in these political scandals can be easily overlooked if the underlying economic conditions are favorable. For instance, voters were apathetic when the House introduced impeachment proceedings at the end of 1998 against Bill Clinton for perjury and abuse of power. And Clinton’s perjury scandal was indefensible upon discovery of that infamous Blue Dress. The average citizen, then busily counting their chips from the dot-com casino, were disinterested in Clinton’s wrongdoings because the 1998 economy was booming. Clinton remained in office, and his Democratic party gained seats in the 1998 mid-term elections.

Monday, August 07, 2017

Gold Price Broke A Bullish Trend Line / Commodities / Gold and Silver 2017

By: Franco_Shao

XAUUSD recently broke below the bullish support trend line at 1264 on its 4-hour chart, indicating that a short term top had been formed and correction pullback could be seen in the coming days.

Monday, August 07, 2017

TASI Targets Higher Prices Following Breakout Of Bull Pennant / Stock-Markets / Saudi Arabia

By: MarketsToday

The Tadawul All Share Index (TASI) bull trend is preparing for its next move higher following a pull back towards support. Support can be anticipated anywhere from last week’s low of 7,059 and down to approximately 6,870. The lower part of the range is from previous resistance (now potential support) at the swing high from April 2016. That high marked the top of a large double bottom trend reversal pattern.

Monday, August 07, 2017

Gold and Silver : The Battle for Control / Commodities / Gold and Silver 2017

By: Rambus_Chartology

There was some important price action in the Precious Metals Complex this past week as both gold and silver each tested important overhead resistance again. Always keep in mind that time is relative when it comes to the size of big patterns vs smaller patterns. When a multi year trendline is in place the breaking out and backtesting process can seem like it takes forever before you see some type of resolution to the pattern or trendline which has been the case with gold and silver recently.

Lets start with the long term weekly chart for gold we’ve been following for a long time now which shows its 2011 bear market downtrend channel. Almost exactly one year ago this month gold touched the top rail of its 2011 bear market downtrend channel at 1305 which held resistance. After a small decline gold once again rallied back up to the top rail of the 2011 bear market downtrend channel and failed once again. After another small decline gold has rallied back up to the top rail of the 2011 bear market downtrend channel which now comes in around the 1280 area.

Monday, August 07, 2017

Canadian Dollar Bullish Trend Reversal Triggered / Currencies / Canadian $

By: MarketsToday

Last week the USD/CAD currency pair triggered a bullish trend reversal as it rose above the prior week’s high and closed above it on a weekly basis. That’s the first time in 13 weeks that the pair closed above the prior week’s high. At the same time the 14-period Relative Strength Index (RSI) turned up from its most oversold position since October 2007 and crossed above the 30 line. Further, a double bottom breakout was triggered on the 4-hour chart (see below). This bullish price behavior follows support hit two weeks ago at 1.2412. That’s within the area of support from early-May 2016.

Monday, August 07, 2017

Precious Metals Sector is on Major Buy Signal / Commodities / Gold and Silver 2017

By: The_Gold_Report

Technical analyst Jack Chan charts the past week in gold and silver.

Monday, August 07, 2017

Stock Market - Has Time Run Out? / Stock-Markets / Stock Market 2017

By: Andre_Gratian

Current Position of the Market

SPX Long-term trend:  Uptrend continues with a serious loss of upside momentum in weekly indicators.

SPX Intermediate trend:  An ending pattern appears to be in its last stages of completion.  This should be followed by an intermediate term correction into October.

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 discuss longer market trends.

Monday, August 07, 2017

Get Ready for an Historic Upside Gold and Silver Run / Commodities / Gold and Silver 2017

By: David_Morgan

The Bigger the Base, the Greater the Upside Case. This saying among technical analysts/chartists helps define where we are today in the precious metals – and where we’ll soon be headed.

It means that when prices “base” in a relatively narrow sideways range for an extended period, they will at some point break out. Before the action gets underway, bears and bulls alike will get “sandpapered” as they take positions, trying to guess whether or not the price is getting ready to decline further or move upward into a new bull phase.

Monday, August 07, 2017

BOOM! Bitcoin Rockets To New All-Time High As Cryptocurrencies Surge Higher! / Currencies / Bitcoin

By: Jeff_Berwick

All eyes were on bitcoin on August 1st, as it underwent the biggest change it had undergone since its inception in 2009.

After years of debate, the issue of scalability resulted in a fracturing of bitcoin onto two separate paths, now called Bitcoin and Bitcoin Cash.

The usual cast of characters came out to warn that this was the death of bitcoin. And, as it always seems to do, bitcoin pushed on unscathed.

Sunday, August 06, 2017

BitCoin (GBTC) Cycle Update : Beware the Gap / Currencies / Bitcoin

By: SurfCity

BitCoin trades 24/7 and is surging this weekend into an ATH as shown on my first chart. GBTC made a new Trading Cycle high on day 14 Friday and may well gap up on Monday morning on day 15 if BitCoin is able to sustain its trend into next week. Note that my GBTC trade was up $1,718 at the close on Friday. Sure wish I had bought more but I do feel good at my entry point after closer analysis spotted the recent low as a 5-6 month Intermediate Cycle Low (ICL).

Sunday, August 06, 2017

U.S. Dollar: This Crash Signals the End / Stock-Markets / Stock Market 2017

By: The_Gold_Report

As the Dow breaches 22,000 and the U.S. dollar slides, Lior Gantz, founder of Wealth Research Group, discusses portfolio positioning.

Apple reported earnings this week and the stock surged, taking the Dow Jones above 22,000 points for the first time in history.

Sunday, August 06, 2017

Predicting The Price Of Gold Is A Fool’s Game / Commodities / Gold and Silver 2017

By: Kelsey_Williams

It is frustrating at times to see the attention focused on predictions for the price of gold. The more sensational and spectacular the price forecast, the greater the cacophony.

It is worth taking a look back at a few of these predictions to help put things in perspective. 

HEADLINE: Gold Forecast $6000, And Gold Mining Analysis Through Visualisation  23Jan2012

Sunday, August 06, 2017

Asda Sales Collapse and Profits Crash! UK Retailer Sector Crisis 2017 / Companies / Retail Sector

By: Nadeem_Walayat

In a series of videos I have been explaining why the likes of Tesco and rest of the already depressed retail sector were facing a perfect storm of rising brexit producer prices, falling consumer disposable earnings whilst at the same time continuing to haemorrhage customers to the discounters. All of which would culminate in increasing pressure on profit margins and balance sheets. Which ultimately warns to expect a woolworth's moment, i.e. a retail giant going bust, whilst in the meantime the crisis will at the very least translate into many job losses and the mothballing of many unprofitable stores, the closure of huge super markets, something that is unthinkable to most will likely become a reality as distressed retailers attempt to bolster profit margins by cutting costs by closing super markets that are no longer able to operate at a profit.

Saturday, August 05, 2017

Parallel Lives: The U.S. Stock Market and The New York City Subway - Video / Stock-Markets / Stock Market 2017

By: EWI

The NYC Subway and the Stock Market: See Amazing Parallel Trends and Turns For Yourself.

Saturday, August 05, 2017

Four Maps That Show How Russia Could Strike Back Against US Sanctions / Politics / Russia

By: John_Mauldin

BY GEORGE FRIEDMAN, XANDER SNYDER, EKATERINA ZOLOTOVA : The US Congress has passed new sanctions targeting Russia’s energy companies.

Recognizing that a vital sector in its economy has even less chance of relief than it once had, Russia has retaliated. It has reduced the number of diplomats it has in the US and has seized property used in Russia by US diplomats.

Energy sales are an important source of revenue in Russia. But it’s more than that. For Russia, energy is also an instrument of geopolitical power. They give Moscow considerable influence over the countries dependent on Russian energy exports.

Saturday, August 05, 2017

Why Switching to a Roth IRA May Be the Best Investment Decision You’ll Ever Make / Personal_Finance / Pensions & Retirement

By: John_Mauldin

By Terry Coxon : Should you convert your traditional IRA or 401k to a Roth? Or are you better off sticking with what you already have?

Either way, you stay plugged into the same powerful, wealth-building advantage that makes an IRA such a good thing to have—continuous compounding of investment returns unhindered by the drag of taxes.

Saturday, August 05, 2017

Gold Stocks’ Autumn Rally / Commodities / Gold and Silver Stocks 2017

By: Zeal_LLC

The gold miners’ stocks have suffered a lackluster year so far, mostly lagging gold’s solid new upleg.  But that vexing underperformance should soon give way to a big catch-up surge.  The deeply-out-of-favor gold stocks are now entering their strong season, which starts right about now with a powerful autumn rally.  That generates major gains on average in bull-market years, and this year’s upside potential is exceptional.

Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year.  While seasonality doesn’t drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals.  We humans are creatures of habit and herd, which naturally colors our trading decisions.  The calendar year’s passage affects the timing and intensity of buying and selling.

Saturday, August 05, 2017

China’s Growth Driven By Shadow Banking Is Potential Trigger For Next Global Recession / Economics / China

By: John_Mauldin

China is unstoppable.

GDP growth has slowed down to 6.9%, according to official numbers. The numbers are likely inflated, but the boom is still underway.

Reasonable estimates from knowledgeable observers still have China growing at 4–5%, which is rather remarkable given China’s size.

Saturday, August 05, 2017

CABLE leads the way in a major turn for USD / Stock-Markets / Financial Markets 2017

By: Enda_Glynn

My Bias: short below parity in wave (5).
Wave Structure: continuing impulsive structure to the downside in wave (5)
Long term wave count: decline in wave (5) blue, below parity
Important risk events: GBP: N/A. USD: Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate, Trade Balance.

Cable took a beating today with the first bearish action in two weeks.
We got a slight new high overnight as expected,
And then a very impulsive looking decline this morning.

Saturday, August 05, 2017

Gold Consolidates On 2.5% Gain In July After Dollar 5 Monthly Decline / Commodities / Gold and Silver 2017

By: GoldCore

– Gold consolidates on 2.5% gain in July as the dollar has fifth monthly decline
– Trump administration and vicious “civil war” politics casting shadow over America and impacting dollar
– All eyes on non farm payrolls today for further signs of  weakness in U.S. economy
– Gold recovers from 1.7% decline in June as dollar falls
– Gold outperforms stocks and benchmark S&P 500 YTD