Wednesday, September 07, 2016
Stock Trading based on Mainstream Media Perfect recipe for Losses / Stock-Markets / Stock Markets 2016
"Emotion is primarily about nothing, and much of it remains about nothing to the end." ~ George Santayana
If CNN, FOX, CNBC, etc. are the primary sources you use to base your investment decisions on, perhaps it is time for a change in strategy. These outlets focus on amplifying the "noise factor". Their only function is to make sure that the crowd will over react to any given event.
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Wednesday, September 07, 2016
Islam -- the Clash of Faith and Ideology and Total Disintegration / Politics / Religion
Never in its entire history, had Islam faced such a grave situation of the unending clash between the Faith and the Ideology as has been fermenting all over the Islamic world. For over 80% of the world Muslims, Islam is still ‘Peace’ and a Religion. But highly powerful and pervading factions of the elite Muslims redefines Islam as an Ideology and Political or Economic System rather than mere ‘peace’ or ‘faith’ or ‘religion’. However, the world has not yet fully grasped the intensity of the clashes that are capable of disintegrating Islam as a religion and their impacts on the Global Peace and Development.
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Wednesday, September 07, 2016
Silver Bullion Surges 3.5% To Over $20 Per Ounce / Commodities / Gold and Silver 2016
Silver surged 3.5% yesterday rising 65 cents and closing at $20.04/oz and gold rose by 2% or by $23 to close at $1,348.80/oz after poor economic data in the U.S. underlined deepening concerns about the economic and indeed the monetary outlook.
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Wednesday, September 07, 2016
Gold Price In Excess Of $8000 While US Dollar Collapses / Commodities / Gold and Silver 2016
The US Dollar Index is not a measure of the value of the US dollar relative to gold. However, there is a relationship between the US Dollar Index and gold price rallies.
The best gold price rallies came during periods where the US dollar index was in a declining trend.
During the 70s, for example, the US dollar index was in decline during the major gold rallies (1971 to 1974, and 1976 to 1980).
Wednesday, September 07, 2016
Stock Market Closed Near the Highs for the Day / Stock-Markets / Stock Markets 2016
The stock market indices started the week off with an up-session, closing near the highs for the day going away. The day started out with a move up to resistance, a sharp pullback that held support, and then they rallied to midday, consolidated until the last thirty minutes when they surged slightly, and finished near the highs.
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Wednesday, September 07, 2016
Despite Downturn, Silver Market Looks Positive / Commodities / Stock Markets 2016
Technical analyst Clive Maund charts the recent downturn in silver, but also sees reason to be optimistic about the market going forward.
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Wednesday, September 07, 2016
BrExit UK Economic Collapse Evaporates, GDP Forecasts for 2016 and 2017 / Economics / UK Economy
Its now two months on from when the establishment elite prophesied a post BrExit economic collapse apocalypse, however subsequently a stream of economic data on the UK economy continues to paint a picture that is a the exact extreme opposite to that which the establishment and their vested interests had propagandised both before and immediately after the EU referendum vote, a message literally warning of economic collapse as the following warnings of doom from David Cameron, George Osborne and Mark Carney illustrate and that which many still blindly cling onto to this very day despite reality starting to dawn of a UK economy that is literally soaring into the stratosphere by recording unprecedented gains across several economic measures into and during the month of August.
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Tuesday, September 06, 2016
David Morgan Emphatically Makes Case for Owning Real Money outside the Banking System / Commodities / Gold and Silver 2016
Mike Gleason: It is my privilege now to be joined by our good friend David Morgan of The Morgan Report. David, I hope you've been having a good summer and welcome back. It's always a pleasure to talk to you.
David Morgan: Thank you very much, and yes, I have been having a wonderful summer. Thank you.
Mike Gleason: Well, as we begin here, David, please give us your thoughts on the recent pullback in the metals. We've maybe been overdue for a correction for a while now. I know in following your work, you've been calling for one, and we're getting it here. And after a fantastic first six or seven months of the year for gold and silver, we're finally starting to see some real selling pressure emerge. What is your take… what have you noticed during this mini-correction, and what are some of the reasons for the pullback?
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Tuesday, September 06, 2016
Is Healthcare the Silent Killer? / Politics / Healthcare Sector
I’ve never heard anyone brag about what they spend for a medical procedure. Healthcare isn’t like housing or transportation. People are proud to shell out big bucks for a big house, and many drivers can’t wait to show off their expensive set of wheels.But when it comes to healthcare, we’re only smiling when we save money, not spend it, which makes the current trend so much more difficult.
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Tuesday, September 06, 2016
Teen Labour, the Workforce Proves to Be Valuable Education / Politics / Employment
I lied to get my first job.
The minimum required age was 15, and I was only 13. Luckily, I was 5’ 10” at the time, so I could pass for a couple of years older. I proudly drew my first paycheck as a fry cook at the Dairy Bar, a local burger joint in Southeast Texas. I learned a lot more on the job than just how to flip burgers.
On this Labor Day, I was reminded of my days on the food line… and a celebrity hashtag theme #firstsevenjobs that began trending recently. The woman that started it listed her early employment history and many of her followers have since followed suit.
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Tuesday, September 06, 2016
We’re Reaching Point Zero of Debt Creation / Interest-Rates / US Debt
Forty-five years and counting.We’ve been on a debt spree since the early 1970s when we went off the gold standard, covering every possible angle. Trade deficits, government deficits, unfunded entitlements, private debt – you name it! Our total debt has grown 2.5-times GDP since 1971.
How could economists not see this as a problem? How is this the least bit sustainable?
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Tuesday, September 06, 2016
What to Consider as Gold Price Correction Continues / Commodities / Gold and Silver 2016
With a correction in progress, technical analyst Jack Chan charts the indices precious metals investors should be watching.
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Tuesday, September 06, 2016
Economic Forecasts Have Nothing to do With Stock Market Direction / Stock-Markets / Stock Markets 2016
"Wise men are instructed in reason men of less understanding by experience; the most unknowing learn by necessity. Wise men do in the beginning what fools in the end." ~ Anonymous
Trying to gauge where the economy is headed is almost always a waste of time; other than pouring over seams of data and losing a large dose of time, you will be none the wiser. If this activity were indeed useful then almost all Economists would be millionaires; sadly, they are not. They are usually working for large multi-million or billion dollar corporations, who can afford to hire them to come out with these silly scenarios that they do not even believe in; it is not by coincidence that economics is referred to as the "dismal science."
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Tuesday, September 06, 2016
Stocks and Bonds All Time Highs and Lows … and the Great Collapse / Stock-Markets / Financial Markets 2016
Stocks and Bonds:
Dow Jones Industrial Index – high 18,636 on August 15, 2016
S&P 500 Index – high 2,190 on August 15, 2016
NASDAQ Index – high 5,262 on August 15, 2016
T-Bonds – the 30 year bond high was 176.94 on July 8, 2016
Dow Transportation Average – high on December 29, 2014 – Oops! Dow Theory says we should be worried about an unconfirmed market top.
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Tuesday, September 06, 2016
Financial Markets All is Quiet / Stock-Markets / Financial Markets 2016
It has been a very quiet weekend. The SPX Premarket is mildly positive as I write. The market is basically directionless.
ZeroHedge writes, “The return from summer holidays has started in much the same way as we left off August, with another subdued session that has seen European stocks little changed, Asian shares advance and S&P futures are modestly in the green amid a flurry of M&A. The US dollar weakened, with the Bloomberg Dollar Index down 0.2% for the 2nd day in a row as prospects for a U.S. interest-rate hike this month remained subdued.”
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Tuesday, September 06, 2016
Stock Market More Short-term Distribution / Stock-Markets / Stock Markets 2016
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.
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Tuesday, September 06, 2016
Ireland “Especially Exposed” To “International Shocks” – Central Bank / Interest-Rates / Financial Crisis 2016
Ireland remains especially exposed to another financial shock because of the extremely high levels of public and private debt, the open nature of the economy, and Brexit, Irish Central Bank Governor Philip Lane has warned in a pre-budget letter to Minister for Finance, Michael Noonan.
Read full article... Read full article...“Ireland is especially exposed due to the legacy of high public and private debt levels, the sensitivity of small, highly-open economies to international shocks and Brexit-related vulnerabilities,” Ireland’s Central Bank Governor said.
Tuesday, September 06, 2016
5 Reasons to Be Worried about US Stock Markets / Stock-Markets / Stock Markets 2016
The NYSE and NASDAQ stock markets have been on a historic bull run since 2009. The NYSE has bounced back to just under 11,000 from a low of 4,716 during the Financial Crisis. The other major indices have put in similar performances.
There was a 10% or so correction early this year, but US stock markets rebounded strongly.
It’s rare for stocks not to see a major market correction in more than eight years. Many analysts also argue that macroeconomic fundamentals aren’t strong enough to support stock valuations… even if the US is performing better than Europe and other global economies.
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Tuesday, September 06, 2016
GDP is more of a fuzzy reflection of the Economy / Economics / Economic Statistics
GDP is a fairly recent statistic. Though it is malleable in its construction, it can be contentious in its application. Yet the media tend to release GDP numbers as if they are an accurate reflection of the general economy.
GDP is one economic model among several that could serve the purpose. But its use can lead to policies that reflect the thinking of a particular school of economic, monetary, and fiscal policy.
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Tuesday, September 06, 2016
UK Credit Card Interest Rates on the Rise Despite Base Rate Cut / Personal_Finance / Credit Cards & Scoring
Credit cards are a frequently used method of payment, but despite a record-low bank base rate, credit card interest rates are not on a downward trajectory. Credit card competition has been concentrated on interest-free credit deals, but the contest is less intense than previous years, with little change to the longest interest-free terms.
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