Sunday, June 04, 2017
London Bridge Terror Attack 5 Seats Election Boost for Conservative Party / ElectionOracle / UK General Election
By: Nadeem_Walayat
London has just been hit by another barbaric terror attack that was not even 10 days on from the horrific Manchester bombing that killed many children. The latest attack is just 5 days away from the General Election. Whilst information is very sketchy at this time barely an hour on form the London Met Police declared 2 terror related incidents at London Bridge and Borough Market. Nevertheless armed police have opened fire on at least 3 suspects, of which at least 2 are dead and 1 is being hunted. The police also announced that there are civilian causalities, though the scale of causalities is unknown at this time which hopefully will not be on the scale of Manchester.
Saturday, June 03, 2017
In Defense of Trumpian Diplomacy / Politics / US Politics
By: John_Browne
Given the media's obsession with some of the President Trump's communication challenges, it was utterly predictable that the President's declaration that his trip to Europe and the Middle East should be considered a "home run" was met almost universally with ridicule. In truth, the President actually did accomplish a series of victories overseas, or at least laid important groundwork that should help advance American interests in ways that prior Administrations have failed to do. It's a shame that these developments have been ignored among the din of partisanship.
Saturday, June 03, 2017
Gold Miners Weak but not Oversold / Commodities / Gold and Silver 2017
By: Jordan_Roy_Byrne
If looking at Gold only in a vacuum, it looks good. Its uptrend since the start of the year remains intact and it has pushed above its 50 and 200-day moving averages. It closed the week at $1280/oz and could test $1300 next week. But looks can be deceiving. Considering the US Dollar index closed at a 7-month low today, Gold is lagging a bit. Moreover, both Silver and the gold miners have not confirmed Gold’s recent rise. In fact, the miners are lagging the metals “bigly.” At the moment the miners are not so oversold but a reversal in Gold could be the catalyst that pushes miners to oversold extremes.
Saturday, June 03, 2017
Gold Keep Calm and Carry On / Commodities / Gold and Silver 2017
By: The_Gold_Report
As precious metals expert Michael Ballanger ponders the current markets, he vows to "Keep Calm and Carry On." As I was walking through the shopping district of Kingston-on-Thames yesterday, I was wondering whether the locals had gotten the memo that the country remained on "High Alert" in light of the Manchester bombings. Here I was in the middle of an historic "village," walking across the Clattern Bridge (built in 1293) along with thousands of British shoppers, laughing and joking, sitting in pubs, talking about the rugby matches and generally going about their regular daily business as if nothing had happened. If I could have drawn little "thought balloons" above each and every person I observed, there would be one simple image of a raised middle finger everywhere. It was a wonderful, beautiful thing to witness.
Saturday, June 03, 2017
UK House Prices Forecast General Election 2017 Conservative Seats Result / ElectionOracle / UK General Election
By: Nadeem_Walayat
The polling establishment and the mainstream media had in unison proclaimed the 2015 general election was too close to call, one where the Labour and Conservative parties were neck and neck and where even if the Conservatives managed to pull a handful of seats ahead would still lose by default as they would not be able to form a majority even with Lib Dem support and therefore the Labour party appeared destined to win the 2015 general election, all of which was based on a year of opinion polls that consistently presented this consensus view right up until the polls closed!
Saturday, June 03, 2017
Betting Markets UK General Election 2017 Labour, Conservative Seats Forecasts / ElectionOracle / UK General Election
By: Nadeem_Walayat
Normally one would imagine that the betting markets should usually be the most accurate predictor in terms of the probable outcomes of events such as elections given that there is nothing that focuses ones mind more then putting ones own money where ones mouth is, which clearly the pollsters NEVER do given that they tend to be consistently wrong AND tend to publish polls that range all over the place so that after the fact can point to an outlier poll to imply that they got the election result right when in reality they most definitely got it very badly wrong!
Saturday, June 03, 2017
The Stock Market Crash of 2017 That Never Was But Could it Still Come to Pass? / Stock-Markets / Stock Market Crash
By: Sol_Palha
I add this, that rational ability without education has more often raised a man to glory and virtue, than education without natural ability.
Marcus T. CiceroFor the past few years much the angst of many experts we have consistently stated that the markets were not ready to crash. From late 2016 to early 2017, many former Bulls who predicted the direction of this market quite well, suddenly decided that the stock market was ready to crash. We, however, begged to differ, and we provided two very simple reasons for our stance.
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Saturday, June 03, 2017
Can a Chart Pattern Help You Catch a Strong Bond Rally? Yes / Interest-Rates / US Bonds
By: EWI
Plus, find out about a dangerous flaw in a "buy-and-hold" stock market strategy
The Elliott wave model has helped investors catch market turns for eight decades.
As Frost & Prechter's Wall Street classic book, Elliott Wave Principle, says:
The Wave Principle is the best forecasting tool in existence. [It] imparts an immense amount of knowledge about the market's position … and its probable ensuing path.
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Saturday, June 03, 2017
The US May Attack North Korea In Two Weeks / Politics / US Military
By: John_Mauldin
BY GEORGE FRIEDMAN : The US Navy has announced that the USS Nimitz will leave Bremerton, Washington, on June 1 for the Western Pacific. This is the third carrier battle group to be sent to the region—enough to support a broader military mission. It will take about a week to get to its station, after which it will integrate with the fleet.
So here’s the situation: Soon the United States will have its naval force in waters near North Korea.
It already has strategic bombers in Guam, and it already has fighter aircraft in Japan and South Korea.
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Friday, June 02, 2017
Will Nick Clegg Lose Sheffield Hallam Seat to Labour in Election 2017? / Local / Sheffield
By: N_Walayat
In the 2015 General Election former Lib Dem Leader Nick Clegg put up a valiant battle in the face of a national Liberal Democrat wipeout. For in 2015 the opinion pollsters consistently had Labour winning the Sheffield Hallam Lib-Dem seat. Instead Nick Clegg managed to cling on in the wake of a Lib Dem bloodbath, however he did fall by a whopping 13% tumbling from 53.4% to 40% of the voter. Whilst Labour doubled their share from 16.1% to 35.8%, just 4.2% behind Nick Clegg. Whilst the Tories on just 13.6% clearly don't stand any chance of winning Sheffield Hallam in this election at least.
Friday, June 02, 2017
Silver Short-Squeeze Potential / Commodities / Gold and Silver 2017
By: Zeal_LLC
Silver has suffered a lackluster year so far, really lagging gold’s upleg. Sentiment is still reeling following silver’s crushing selloff from mid-April to mid-May. But that plunge was largely driven by extreme silver-futures selling by speculators, including a blistering spike in short selling. The resulting excessive shorts have left silver with excellent near-term potential for a short squeeze, which would catapult it rapidly higher.
Technically, silver ultimately acts like a leveraged play on gold. The yellow metal has long been silver’s dominant primary driver. Investors and speculators alike flock to silver when gold is rallying, forcing this tiny market to surge dramatically. But when gold sentiment is weak due to lackluster price action, silver demand from traders dries up. Thus silver drifts listlessly or grinds lower, compounding bearish psychology.
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Friday, June 02, 2017
Ethereum Showing Elliott Wave Path for Bitcoin Price / Currencies / Bitcoin
By: ElliottWave-Forecast
Ethereum is an open-source blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a crypto-currency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed.
Friday, June 02, 2017
Silver and NASDAQ Strength Will Reverse / Commodities / Gold and Silver 2017
By: DeviantInvestor
Bubbles come and go.
Silver and gold – 1980
Japanese Nikkei – 1990
NASDAQ – 2000
Mortgages and Real Estate – 2006
Bonds, Debt, Stocks, Real Estate – 2017
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Friday, June 02, 2017
Spread Betting Markets Seats Forecasts for UK General Election 2017 / ElectionOracle / UK General Election
By: Nadeem_Walayat
Normally one would imagine that the betting markets should usually be the most accurate predictor in terms of the probable outcomes of events such as elections given that there is nothing that focuses ones mind more then putting ones own money where ones mouth is, which clearly the pollsters NEVER do given that they tend to be consistently wrong AND tend to publish polls that range all over the place so that after the fact can point to an outlier poll to imply that they got the election result right when in reality they most definitely got it very badly wrong!
Friday, June 02, 2017
Has Permian Crude Oil Productivity Peaked? / Commodities / Crude Oil
By: OilPrice_Com
The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, but the extension of the cuts provides even more room in the market for shale drillers to step into.
The sky is the limit, it seems. However, there are growing signs that the U.S. shale industry could be reaching the end of the low-hanging fruit. Or, more specifically, drilling costs are starting to rise and the enormous leaps in production that can be obtained by simply adding more rigs also appears to be running into some trouble.
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Friday, June 02, 2017
Trump's 'Arab NATO' Vision is a Desert Mirage / Politics / US Politics
By: STRATFOR
Ever since Teddy Roosevelt began a tradition of overseas state visits when he headed to Panama to check on his canal project in 1906, American presidents have chosen the destination of their first overseas visit with foreign policy theater in mind. The majority, from Dwight D. Eisenhower to Barack Obama, stayed close to home to focus on North America or the Caribbean Basin. Others, from Woodrow Wilson to Jimmy Carter, crossed the Atlantic amid wars hot and cold. Donald Trump, however, is the first to choose the Middle East for his foreign debut. His reach, in this case, may well exceed his grasp, especially when it comes to the concept of building an "Arab NATO" to manage the region.
Friday, June 02, 2017
The Silent Economic Boom / Economics / US Economy
By: Clif_Droke
[Note: I was recently interviewed by Kenneth Ameduri who hosts the Crush The Street internet show. In it I discuss my take on gold, stocks, Trump, the economy and Bitcoin. The interview can be found here: https://crushthestreet.com/videos/live-interviews/economic-bubble-burst-trumps-watch-clif-droke-interview]Though many Americans aren’t feeling it, the economy is quietly gathering forward momentum. With consumers gaining in confidence and real estate heating up on both the commercial and residential levels, the U.S. economy is much stronger than it may seem at first glance.
Friday, June 02, 2017
EURUSD Might be Forming a Double Bottom Pattern / Currencies / Euro
By: Franco_Shao
EURUSD might be forming a double bottom pattern on its weekly chart. The first bottom is at the March 2015 low of 1.0462, the second bottom is at the January 2017 low of 1.0340, and the neckline is from the August 2015 high of 1.1713 to the May 2016 high of 1.1616, now at around 1.1450. The price has to break through the neckline before confirming this reversal formation.
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Friday, June 02, 2017
Terrific Stock Market Day for Wall Street / Stock-Markets / Stock Market 2017
By: Harry_Boxer
The stock market started off the month with a big bang, first gapping up, and then pulling back sharply, like it did yesterday, except today it rallied the rest of the day, finishing at the highs for the day going away and at new all-time highs.
Net on the day, the Dow was up 135.53 at 21,144.18. The S&P 500 was up 18.26 at 2430.06, closing at the highest close in its history and at the high for the day. The Nasdaq 100 was up 27.71 at 5816.51, closing within pennies off the high for the day and new all-time high.
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Friday, June 02, 2017
...It is coming.' Read What Robert Prechter Sees around the Corner / Stock-Markets / Financial Markets 2017
By: EWI
Dear Investor,
"That time still lies ahead, but it is coming." - Robert Prechter says on the first page of his Elliott Wave Theorist.
The major market Bob refers to could be the opportunity of a lifetime. And the quote above could be considered the theme of this issue.
It's because of issues like this that Elliott Wave International's subscribers survived and thrived throughout the Great Recession as well as the bull run that followed -- one of the longest, steepest in history.
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