Wednesday, April 12, 2017
Gold Topping? / Commodities / Gold and Silver 2017
Chances are very good that gold has topped or will do so by early next week. What follows will be an intermediate degree correction.
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Wednesday, April 12, 2017
Essay: Brief History of Oracle Database / Companies / Technology
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Wednesday, April 12, 2017
Gold Prices Surge Above Key 200 Day Moving Average $1270 Level / Commodities / Gold and Silver 2017
– Gold price breaks above key 200-day moving average
– Gold hits 5-month high on back of investor nervousness
– Safe haven has 10% gains in 2017 after 9% gains in 2016
– Gold options signal more gains as ETF buying increases
Wednesday, April 12, 2017
Map Shows 16 Countries Will Be Hit Hard By The Global Exporters’ Crisis / Economics / Global Economy
The world is currently in the midst of an exporters' crisis. The stagnation in global consumption levels and decline of commodity prices have led to increased instability and insecurity in countries heavily dependent on exports.
The origins of the exporters’ crisis lie in the economic recessions that the United States and Europe experienced due to the 2008 financial crash. These countries were major consumers of Chinese goods, notably low-cost manufactured products.
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Wednesday, April 12, 2017
Rising Geopolitical Tensions Ignite Fire Under Gold and Silver Prices / Commodities / Gold and Silver 2017
Geopolitical tensions have lit a fire under gold and silver prices. A confluence of factors has finally pushed gold and silver above key technical resistance levels. Gold hit a 5-month high, rising over $20 (1.5%) to $1,275. It is the highest print for gold since the election of Trump. Silver also rocketed higher, climbing more than 40 cents (2.2%) to $18.35.
But it was not just the magnitude of the move higher that is important. Gold finally broke through the $1,260 price level, which was previous resistance and the 200-day moving average, to make a new 2017 high. We would like to see at least one more day of gold holding above this price level, but the implications of this move are significant. The RSI momentum indicator is also pointed higher with room to run before becoming overbought.
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Wednesday, April 12, 2017
Trump Supporters Winning Gold Medal In Mental Gymnastics Trying To Justify His Actions / Politics / US Politics
Donald Trump said one thing to get elected and then, once elected, did the other.
The fact that people are surprised is, in itself, the surprising part.
Hasn’t that been the history of democracy and politics since it was created?
Democracy is one of the most bizarre systems ever created, to begin with. Here is how you would explain it to a newbie:
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Wednesday, April 12, 2017
Stock Market Indices Closes Moderately Lower on the Day / Stock-Markets / Stock Market 2017
The stock market indices suffered steep losses early in the session. They came down very sharply to test an important support at the bottom of their current down channels and lateral price support, near 5360 Nasdaq 100 and 2337-8 S&P 500. By midday, they rallied very sharply and took back more than fifty percent of the losses, but pulled back at the end of the session. Only in the last ten or fifteen minutes did they spike up again to finish with nominal losses on the blue chips, but pretty solid losses on the Nasdaq 100.
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Wednesday, April 12, 2017
Charts courtesy of Jack ChanTrump's Missile Strike on Syria and Gold / Commodities / Gold and Silver 2017
Technical analyst Clive Maund charts gold's movements following the U.S. missile attack on a Syrian airbase. In Britain in the old days there was a saying, which was "Buy on a strike." It had nothing to do with economics and everything to do with psychology. When a general strike by workers was declared, stock prices would have fallen up to the point at which the strike started, when the economic outlook would have been at its worst, but well before the strike ended they would actually start rising again, as investors perceived an eventual resolution of the problems. Thus, savvy investors who bought when things looked at their worst would have made the best of the situation.
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Wednesday, April 12, 2017
Analysis and Forecasts for 50+ Global Financial and Commodity Markets / Stock-Markets / Financial Markets 2017
Hello,
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EWI Pro Services bring you opportunity-rich, professional-grade forecasts for 50+ of the world's top markets -- many 24 hours a day, complete with Elliott-wave charts and precise forecasts.
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Wednesday, April 12, 2017
The Cost of a Trump Presidency / Politics / US Politics
Last Thursday’s wanton attack on a Syrian air field by the US and its bellicose actions toward North Korea have brought to the forefront the real cost of candidate Trump’s landslide victory last November.
Unlike most laymen, accountants, and financial analysts, economists look at cost differently. For economists, cost or more specifically, “opportunity cost,” means “a benefit that a person could have received, but gave up, to take another course of action. Stated differently, opportunity cost represents an alternative given up when a decision is made.”
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Tuesday, April 11, 2017
Marc Faber: Euro to Strengthen, Dollar to Weaken, Gold and Emerging Markets to Outperform / Currencies / Forex Trading
Mike Gleason: It is my privilege now to be joined by a man who needs little introduction, Marc Faber, editor and publisher of The Gloom, Boom and Doom Report. Dr. Faber has been a long-time guest on financial shows throughout the world and is a well-known Austrian school economist and an investment advisor and it's a tremendous honor to have him on with us today.
Dr. Faber, thank you so much for joining us again and, how are you?
Marc Faber: My pleasure, thank you.
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Tuesday, April 11, 2017
Gold's Outperformance and Huge Reversal / Commodities / Gold and Silver 2017
Several things happened on Friday and the markets reacted to them, so it's not easy to interpret the final outcome. Was the reversal bearish or was the session bullish as gold didn't decline substantially even though the USD rallied? Was gold's reaction adequate, too small or too big?
Let's start the discussion with a reminder of one of the reasons for Friday's pre-market rally. In Friday's Gold Trading Alert, we wrote the following:
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Tuesday, April 11, 2017
Bank of England Rigging LIBOR – Gold Market Too? / Commodities / Gold and Silver 2017
– Bank of England implicated in LIBOR scandal by BBC
– “We’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.”
– “This goes much much higher than me” -UBS’ Tom Hayes
– Libor distraction as all markets are manipulated today
– Central bank’s “rigging” bond markets and likely gold
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Tuesday, April 11, 2017
Solutions For Surviving US Healthcare Collapse In 2018 / Politics / Healthcare Sector
BY PATRICK WATSON : My weekly letter, Connecting the Dots, has two goals: to be informative and to be thought-provoking (subscribe here for free). Last week, it accomplished both—but not the way I expected.
Many people call the Affordable Care Act a great success that only needs minor adjustments. So when I picked the title of last week’s issue, How to Survive the Obamacare Collapse, I thought some people would be upset that I questioned its viability.
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Tuesday, April 11, 2017
Politicians Say Social Security Is Sustainable, but Numbers Show Otherwise / Politics / Social Issues
We may be the envy of the world in some ways, but the US also has no shortage of stress. Today, we’ll look at some data on growing financial anxiety that is plaguing an increasingly large part of the nation.
Last week, I ran across a survey from NerdWallet on this very issue. They asked 2,000 Americans of all ages about their biggest financial concerns. It turns out the biggest worries are healthcare expenses, lack of emergency savings, and lack of retirement savings.
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Tuesday, April 11, 2017
Negative Interest Rates are Becoming a Reality for Savers / Personal_Finance / Negative Interest Rates
Data from Moneyfacts.co.uk can reveal that the savings market is showing encouraging signs of improvement. The number of rate rises now outweighs the number of reductions for the third month running.
In the month of March, Moneyfacts recorded 163 savings rate rises, with some rates increased by as much as 1.20%. This dwarfs the 65 rate reductions that took place in the same period. As a result, the average five-year fixed rate has now risen to levels not seen since August 2016, reaching 1.81%.
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Tuesday, April 11, 2017
The Trump-Xi Summit Paves the Way to New Realism in US-Chinese Trade / Politics / US Politics
Despite preliminary pessimism, the Trump-Xi Summit showed greater trade pragmatism than initially expected, even though it was overshadowed by a raw display of US military power.President Donald Trump says he developed a "friendship" with President Xi Jinping at Mar-a-Lago. However, U.S. missile attacks against Bashar al-Assad's forces in Syria overshadowed the meeting. Apparently, the White House hoped to kill two birds with one stone: to show to al-Assad who was in control and to Xi what might happen to North Korea if China would not intervene more decisively.
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Tuesday, April 11, 2017
Origin And Danger Of Fractional-Reserve Banking / Currencies / Fiat Currency
If there is any one thing in particular that threatens the collapse of our banking system and financial structures worldwide, it is the practice of fractional-reserve banking. The subject is rarely mentioned in the financial press. When it is mentioned, a clear explanation is usually not available.
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Tuesday, April 11, 2017
Who’s Liking the US Interest Rate Hike Most? / Interest-Rates / US Interest Rates
As investors prepare for what looks like a potentially second rate hike within the first half of 2017, there are those who are still questioning the overall impact of increased interest rates on the economy.By trade, stock market investors gain more when interest rates are higher. This is simply because capital risk assets will reflect the interest rate hike. However, as per the most recent rate hike, things seem to be a little different.
The stock market rallied from late January when a rate hike during the first quarter of the calendar year became more feasible with every Federal Reserve minutes pointing towards an increment.
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Tuesday, April 11, 2017
Trumpism is the First Casualty of the War Party / Politics / US Politics
Are you starting to feel that you have been here previously and have gone through this same drill before? Wagging the kosher tail in front of the controlled media is a rerun that the gullible public never gets tired of. Those who question the orthodox narrative are condemned as disloyal or agents of a foreign power. However, for those who are "stuck on stupid", that alien country is never allowed to identify the Zionist cabal as the real force behind the imposition of the war party's continuous conflict in avoidable bloodshed. The Pavlovian trained domestic wieners that contest any suggestion of a false flag formula, refuse to face facts. The drum beat for Armageddon always works to divert from the true defiler that operates as a fifth column against the genuine national interests of America.
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