Tuesday, August 23, 2016

Gold, Silver, Miners: One More Rally Left? / Commodities / Gold and Silver 2016

By: Brad_Gudgeon

The charts below of GLD and GDX show remarkable differences, at the same time there are similarities.  GDX is coming into the 22 TD low due August 24 and we have Mercury Stationary/Retrograde due August 30.  In the past, Mercury Stationary/Retrograde has marked an important top within a 2 trading day range of the actual date. In May of this year, it topped right on the exact date, May 2nd.

Tuesday, August 23, 2016

“A Date Which Will Live in Infamy:” President Nixon’s Decision to Abandon the Gold Standard / Commodities / Gold and Silver 2016

By: GoldCore

Franklin Delano Roosevelt called the Japanese “surprise” attack on the U.S. occupied territory of Hawaii and its naval base Pearl Harbor, “A Date Which Will Live in Infamy.”  Similar words should be used for President Nixon’s draconian decision 45 years ago this month that removed America from the last vestiges of the gold standard.

On August 15, 1971 in a televised address to the nation outlining a new economic policy entitled, “The Challenge of Peace,” Nixon instructed the Treasury Department “to take the action necessary to defend the dollar against the speculators.”*

Tuesday, August 23, 2016

Stock Market Flat Session..... Still NO Blast Off... / Stock-Markets / Stock Markets 2016

By: GoldCore

There is really almost nothing to say with this market these days. Lower volatility is keeping things under wrap while the market tries hard to unwind but the problem is the flat market really isn't allowing for too much unwinding. The market is having a lot of trouble blasting out, and the main culprit is likely coming from sentiment, which is getting to very bearish levels in the real world and possibly even in the fed world. To give no respect to increasing froth is a dangerous thing to do. The bulls are feeling invincible, and that can be the kiss of death. That said, the bears keep on letting the bulls stay in the game. Unable to bring price down consistently.

Monday, August 22, 2016

Bank of Ireland to Charge for Placing Cash on Deposit / Interest-Rates / Negative Interest Rates

By: GoldCore

Deposits at Bank of Ireland are soon to face charges in the form of negative interest rates after it emerged on Friday that the bank is set to become the first Irish bank to charge customers for placing their cash on deposit with the bank.

This radical move was expected as the European Central Bank began charging large corporates and financial institutions 0.4% in March for depositing cash with them overnight.

Monday, August 22, 2016

EU Olympics Medals Table Propaganda Includes BrExit Britain / Politics / Olympics

By: Nadeem_Walayat

The EU's ministry for propaganda is painting a picture of erasing its member states sports persons hard work by slapping it's EU logo onto the medals table resulting in artificial result of twice the number of medals won than the US sporting hyper power at the Rio Olympics by including BrExit Britain in its medals tally when the truth is the Olympics exposes the European Union as being an entity that is literally suffocating its nation states in all aspects of life from sports to security to economy. When the truth is that NO athlete competed for the EU, not one!

Monday, August 22, 2016

Proof US Economic Recovery Has Ended / Economics / Economic Recovery

By: Michael_Pento

The primary data point that the perennial bulls on Wall Street claim as evidence for an improving economy is the monthly jobs number. The Non-farm Payroll Report claimed that 255,000 jobs were added in July on a seasonally adjusted bases. This number was well above the 12-month average of 190,000. And according to the Bureau of Labor Statistics (BLS), at total of 1.66 million additional people have been employed thus far in fiscal 2016, making this the one bright spot in the economy.

Monday, August 22, 2016

Stocks Remain Close To Record Highs - Top Or Just Pause Before Another Leg Up? / Stock-Markets / Stock Markets 2016

By: Paul_Rejczak

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).

Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is now neutral, following S&P 500 index breakout above last year's all-time high:

Monday, August 22, 2016

Cash ISAs still have some fight left in them / Personal_Finance / ISA's

By: MoneyFacts

Savers are likely to have lost all enthusiasm in getting a decent return on their cash, thanks to a lack of competition in the market fuelled by consecutive rate cuts over the years. In times of despair, savers are being warned of investing their cash in poor easy access accounts and instead to consider a cash ISA.

Monday, August 22, 2016

WTI Crude Oil Pattern Still on Target for Higher Prices / Commodities / Crude Oil

By: Ken_Ticehurst

Since our last article WTI has behaved perfectly, clearing all our daily hurdles. Our longer term patterns show the strong possibility of a rise to $60+ during the second half of this year before a further decline in to 2017.

Monday, August 22, 2016

BrExit Win's Britain Olympics Success Freedom Dividend, Economy Next / Politics / BrExit

By: Nadeem_Walayat

Britain's Olympic team has beaten all expectations of a target 48 medals by achieving 67 that includes 27 Gold's and just as importantly Britain places second to the American sporting hyper power and thus even out doing the highly successful London 2012 home games tally when Britain placed 3rd to the US and China.

Monday, August 22, 2016

China Announces its’ new loan in International Reserve Asset (SDRs) / Interest-Rates / China Currency Yuan

By: Chris_Vermeulen

The People’s Bank of China (PBOC) has received approval from the World Bank allowing its’ issuance of bonds which are denominated in Special Drawing Rights (SDRs). The World Bank is the first entity to approve of it and consequently marks the launch of the SDR bond market of the worlds’ second-largest economy.

Monday, August 22, 2016

Stock Market Top Forming, but Slowly / Stock-Markets / Stock Markets 2016

By: Andre_Gratian

Current Position of the Market

SPX Long-term trend: The long-term trend is up but weakening.  Potential final phase of bull market.

SPX Intermediate trend:  The uptrend from 1810 continues.  It could soon enter a corrective phase.

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 22, 2016

Ron Paul - What Should We Do About Crimea? / Politics / Ukraine Civil War

By: Andre_Gratian

Is Crimea about to explode? The mainstream media reports that Russia has amassed troops on the border with Ukraine and may be spoiling for a fight. The Russians claim to have stopped a Ukrainian sabotage team that snuck into Crimea to attack key infrastructure. The Russian military is holding exercises in Crimea and Russian President Vladimir Putin made a visit to the peninsula at the end of the week.

Monday, August 22, 2016

Precious Metals and Financial Blasphemy, Part 1 / Commodities / Gold and Silver 2016

By: Dr_Jeff_Lewis

“...legitimate powers of government reach actions only, & not opinions, I contemplate with sovereign reverence that act of the whole American people which declared that their legislature should 'make no law respecting an establishment of religion, or prohibiting the free exercise thereof,' thus building a wall of separation between Church & State. Adhering to this expression of the supreme will of the nation in behalf of the rights of conscience, I shall see with sincere satisfaction the progress of those sentiments which tend to restore to man all his natural rights, convinced he has no natural right in opposition to his social duties.” ― Thomas Jefferson, Letters of Thomas Jefferson

Monday, August 22, 2016

(Really) Alternative Banking Systems / Politics / Social Issues

By: Raul_I_Meijer

Our by now regular contributor Dr. Nelson Lebo III, the New Englander ‘lost’ in New Zealand, sent me another article, and it’s great (well, in my view). His title for the article may put some people on the wrong foot, but I think that’s alright.

I’ve been to New Zealand a few times, and Nicole of course has even moved there, so I was aware of how poorly constructed many homes are -and often made of wood-, but I’d never heard of ‘curtain banks’. Still, they exist all over the country. Turns out, lots of New Zealand homes are so damp and moldy that curtains can literally save lives, and certainly make them more comfortable/bearable. But many people are too poor to be able to afford curtains. Hence the curtain banks. I’d be curious to know if similar initiatives exist anywhere lese on the planet. Do let me know.

Sunday, August 21, 2016

Vauxhall Zafira Fires - Second Recall Issued - Inspection Before Bursting into Flames? / ConsumerWatch / Auto Sector

By: HGR

Just when you think it's safe to drive your Zafira, within a few weeks of of the first recall inspection after a 6 month long wait. What do Zafira owners get through their letter boxes? Another urgent warning letter asking to call and arrange a 2nd recall so as to prevent your Zafira from bursting into flames that the first waste of time recall apparently did NOT fix!

Sunday, August 21, 2016

Will the Stock Market Bubble Pop Regardless if the FED Never Raises Rates? / Stock-Markets / Stock Markets 2016

By: Chris_Vermeulen

The current overall SPX pattern is a broadening top, which is usually a very reliable pattern.  The market continues to look as though it wants to go even lower. The momentum shift, which I have been expecting, has been slow to start, however one should be prepared for this occurrence ahead of time.

Nevertheless, the large divergences which I have been viewing, in my proprietary oscillators, are most real, and, once the selling starts, the momentum should quickly move to the downside. 

Sunday, August 21, 2016

The Quotable Contradictory Donald Trump / ElectionOracle / US Presidential Election 2016

By: Walter_Brasch

The man formerly known as The Donald is entwined in a ball of contradiction.

He was a registered Republican until 2001 when he became a Democrat, and then eight years later switched back to the Republican party.

He says he believes in democracy, but also says if he loses Pennsylvania in the November general election it will be because the election is rigged.

He campaigns on a platform that boldly proclaims him to be an outsider to politics and a great business executive who will “Make America Great Again!” But Trump is not an outsider—he has the presence to command legislators, lobbyists, and business executives from the highest levels. Although he claims to be worth about $10 billion, companies under his control have filed for bankruptcy four times—Trump says it’s just good business practice; if he becomes president, he won’t have that option to reduce the nation’s debt. He believes the U.S. is the best place to live, but uses an empty campaign slogan to rally his hard-core ultra-right base of voters.

Sunday, August 21, 2016

US Government Spending - 3 Big Stories Not Being Covered – Part III / Economics / Government Spending

By: Andy_Sutton

The third and final (for now) portion of this series might be a tad anticlimactic. If so, we apologize. Most people know America is in debt beyond comprehension. A small subset of people understand that the numbers published by the government are missing a whole bunch of important items and use accounting methods that would land most business people in prison. An even smaller subset understands the idea of generational accounting.

Sunday, August 21, 2016

Another Billionaire Goes All In On The “Barbarous Relic” Gold While Mainstream Media Remains Silent / Commodities / Gold and Silver 2016

By: Jeff_Berwick

Billionaire Crispin Odey recently released a management letter to his hedge fund clients praising gold and explaining gold products constituted the next, great investment wave.

He is yet another in a wave of billionaires who have all, suddenly, been moving massive portions of their portfolio into gold… with one of the latest being George Soros, who moved a significant amount of his portfolio into gold just a few months ago.