Friday, July 01, 2016

Gold, Silver Reaction Following Brexit, Central Bank Desperation Never More Evident… / Commodities / Gold and Silver 2016

By: The_Gold_Report

Precious metals expert Michael Ballanger discusses market reactions post-Brexit vote.

Friday, July 01, 2016

Stock Market Rally is Wearning Thin / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

SPX is pulling back from a 21-wave impulse to 2096.68. The rally cannot get any steeper than this as the rally made 5.27% in three days. An 86.3% retracement.

For simplicity sake, I am labeling this Wave C of (2), which makes this an irregular correction. For political sake, this quarter needed to close above the March 31 closing price of 2059.74, about a 1.5% gain (with lots of volatility) for the past quarter. The trendline may be crossed at or below 2090.00.

Friday, July 01, 2016

UK Interest Rate Cut to 0.25% Imminent and More QE Money Printing / Interest-Rates / UK Interest Rates

By: Nadeem_Walayat

The establishments operation fear had painted a relentless propaganda picture all year for a significant rise in UK interest rates following a Brexit outcome that was destined to send consumer borrowing rates soaring, which at the time I repeatedly warned was just NOT going to happen for the fundamental reason that BrExit induced uncertainty would make a rate hike LESS likely as the last thing the Bank of England would want to do is to add to market uncertainty i.e. the complete opposite to REMAIN propaganda. In fact I stated that a BrExit could even result in a rate CUT as the following excerpt illustrates:

Thursday, June 30, 2016

Michael 'Little Finger' Gove Slays Boris 'Baratheon' Johnson in Game of Thrones for Next Tory PM / Politics / UK Politics

By: Nadeem_Walayat

David Cameron's announcement to step down as Prime Minister by early September propelled Brexit Leader Boris Johnson to become the favourite to takeover as Britain's next Tory Leader and Prime Minister. However, the great game for the Tory 'iron throne' was on, as Michael Gove today both discredited Boris Johnson whom he was supposed to be the campaign manager for and then went against EVERYTHING he has stated during the EU Referendum Campaign, in fact against everything he has been saying for the past 4 years by declaring that he himself would now stand for the Tory Leadership, so it looks like Gove, just like 'Little Finger' has apparently been manoeuvring towards the Tory 'iron throne' all along!

Thursday, June 30, 2016

Gold, Silver, Bonds and Stocks Path Towards Inflation / Commodities / Gold and Silver 2016

By: Gary_Tanashian

Yes, it’s another inflation post going up even as inflation expectations are in the dumper and casino patrons just cannot get enough of Treasury and Government bonds yielding 0%, near 0% and below 0%.

Feel free to tune out the lunatic inflation theories you’ve found at nftrh.com over the last few weeks.  But if by chance you do want to look, here’s a visual path we have taken to arrive at the barn door, behind which are all those inflated chickens, roosting and waiting.  All sorts of animals will get out of the barn if macro signals activate.

Thursday, June 30, 2016

Silver Surges, Up 16% In Dollars In Month as Breaks Out Above $18 / Commodities / Gold and Silver 2016

By: GoldCore

Silver is another 0.5% higher today after yesterday’s 3% gains when silver flew through resistance at the $18 level to close at $18.26/oz. Silver has surged by similar amounts in euros and by 22% in beleaguered sterling.

Thursday, June 30, 2016

Stock Market SPX Rally Nearing its End as DB Gets Slammed / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

The SPX Premarket is up just a point. The rally may be over, or nearly so. There is a 50% probability of a last probe to the 50-day Moving Average at 2076.45 or slightly higher. Today has a minor pivot, but tomorrow’s pivot is very strong. My best analysis suggests a flat to mildly down day with the fireworks beginning tomorrow.

Thursday, June 30, 2016

Brexit & The Precipice / Politics / European Union

By: Dan_Amerman

With the victory of the "Leave" camp in the June 23rd referendum in the United Kingdom, the world finds itself on the edge of a financial precipice.

Crucially - we are not over the edge, not yet. But it is right in front of us.

This is far more serious than anything that we have seen since 2008. And if we go over that edge then something potentially much worse than 2008 is in front of us. Which is exactly why Alan Greenspan is saying this is the worst financial situation of his lifetime, and why George Soros is now predicting that the disintegration of the EU and the euro is "practically irreversible".

Thursday, June 30, 2016

Gold and Silver Precious Metals Bull Market Update / Commodities / Gold and Silver 2016

By: Rambus_Chartology

Tonight I would like to update some of the precious metals stock indexes as they have been basically consolidating for the last couple of months. This has been healthy for this sector which has been on fire since the middle of January of this year.

The first chart for tonight is one of the laggards but you couldn't tell it by looking at the daily chart. The $CDNX, which is a Canadian small cap index, is made up of many precious metal and oil stocks. We've been following this one since it broke above the S&R line back in February. In March it built out its first consolidation pattern for its new bull market which was the blue expanding rising wedge. The blue arrows measures the first impulse move up. After the initial price objective was hit in early May the $CDNX built out another bullish consolidation pattern which was the bullish rising wedge. The price objective for the blue bullish rising wedge is shown by the red arrows. On Monday of this week there was a fairly strong backtest to the top rail but today's price action has now cleared the top rail again after forming the red bull flag as the backtest. It's always a good sign when you see a consolidation pattern sloping in the direction of the main trend.

Thursday, June 30, 2016

S&P 500 Gets Back Above 2,050 Mark, As Investors Shrug Off Brexit News / Stock-Markets / Stock Markets 2016

By: Paul_Rejczak

Briefly: In our opinion, no speculative positions are justified.

Our intraday outlook is neutral, and our short-term outlook is neutral. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:

Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral

Thursday, June 30, 2016

14 Signs the World Is on the Verge of Generational Chaos / Politics / Social Issues

By: John_Mauldin

It is one of the great ironies of life that each generation believes its experiences are unique. The reality is that we have seen this movie before—with different actors, plot twists, and technological advancements.

The basic plot seems to push along a hauntingly familiar path.

In 1997, Neil Howe and William Strauss introduced the concept of Fourth Turning. They divided the population into four generational archetypes: Hero, Artist, Prophet, and Nomad. (read more about the archetypes and their characteristics here)

Each generation consists of people who were born and came of age at the same period in history. They had similar experiences and thus gravitated toward similar attitudes.

Thursday, June 30, 2016

Millennials Are Doomed Face Existential Crisis to Define the Rest of Their Lives / Politics / Demographics

By: John_Mauldin

Psychologists from Sigmund Freud forward have generally agreed: our core attitudes about life are largely locked in by age five or so. Changing those attitudes requires intense effort.

Neil Howe and William Strauss took this obvious truth and drew an obvious conclusion: if our attitudes form in early childhood, then the point in history at which we live our childhood must play a large part in shaping our attitudes.

Thursday, June 30, 2016

Silver Is Not Buying the Risk Asset Bounce / Commodities / Gold and Silver 2016

By: AnyOption

Precious metals remain elevated despite the recent rebound in risk assets as silver prices approach new post-Brexit vote highs amid concerning developments relating to the global outlook.  As central banks in advanced economies rapidly test the limits of monetary policy, rising speculation of renewed accommodation in the United States is driving silver prices sharply higher.  While risk assets have managed to bounce after the referendum sent shockwaves across global financial markets, silver prices have continued to gain momentum, not buying the optimism in stocks and reflecting a sense that haven assets will continue to benefit from growing volatility.  Furthermore, more talk about a return to the gold standard could see precious metals reap the rewards of greater influence in the financial system.

Thursday, June 30, 2016

Stock Market: Massive Breadth Thrust / Stock-Markets / Stock Markets 2016

By: Gary_Savage

Two 90% up volume days in a row. Historically that kind of breadth thrust has generated yearly returns of 20% or better. The perma bears just got kicked in the teeth again. This kind of massive breadth thrust is similar to what we saw out of the February bottom, and typical of a market moving out of a multi-year cycle low.

Thursday, June 30, 2016

Forex Trading: EUR/JPY Trying to Stabilize After Drop / Currencies / Euro

By: Richard_Cox

Forex markets have been taken by surprise with the amount of volatility that has been seen in recent weeks.  There are strong fundamental reasons for why this has occurred, as it has been almost impossible to avoid media coverage of the recent ‘Brexit’ events.  But now that we have some finality in these areas, it is time to take a step back and assess what is actually happening to prices so that traders have an indication of what to expect going forward.

Thursday, June 30, 2016

BrExit Stock Market Upwards Crash as FTSE Recovers 100% of Friday Plunge / Stock-Markets / Stock Markets 2016

By: Nadeem_Walayat

Friday's stock market plunge in the wake of BrExit that caught the financial markets, bookmakers and pollsters by surprise who had by the close of polls all but discounted a REMAIN outcome and thus sent stock futures and sterling soaring, only to do a panic reversal a couple of hours later as the actual results started to be announced with the initial triggers being results out of Sunderland and Newcastle. And so with each result a new wave of selling would hit the markets that by 5am had seen the FTSE futures plunge to below 5800, and sterling to spike below £/$ 1.32. Which triggered waves of doom laden commentary warning of End Times for the UK economy, stocks, housing and sterling, as so called analysts published reams and reams of nonsense to explain why the End Was now and stocks were set to literally crash into a brexit black hole.

Wednesday, June 29, 2016

Stock Market Rally Runs Out of Steam / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

If you look closely at the low, you will see a double bottom. The first is at 1991.72 and the second is at 1991.68. I have concluded that the second low is a Wave [v]. It is unusual to have that small a new low to make a wave, but no rules are broken and the pattern fits. That suggests Wave 2 may be complete or nearly so.

The 61.8% Fib calculation is 2066.85, so that retracement is accomplished. In addition, Short-term resistance at 2068.05 has also been reached.

Wednesday, June 29, 2016

Is the British Pound Poised to Crash to $1.20? - Video / Currencies / British Pound

By: Mario_Innecco

hi Wednesday jun 29th 2016 here at home of alternative
economics and contrarian views just a little update on the financial markets and the pound sterling
I or the british pound it's a 22 5 p.m. here in London and the pound is
rebounded fairly well from the lows we saw a couple of days ago
just below 130 - I think the lower its one-thirty one-twenty just wanted and
also we're seeing the stock market's rebound quite well I've been thousands
of another 200 points today we're like 17,600 the footsie as well with around
62 6300 so there seems to be a lot of complacency at the moment despite this
Breck's it to a vote you know a few days ago it was the end.

Wednesday, June 29, 2016

Brexit Exposing A Lot Of Fault Lines Within EU / Politics / European Union

By: Gordon_T_Long

FRA Co-founder Gordon T. Long is joined by Peter Boockvar in discussing the aftermath of Brexit and the effects on the future economy.

Peter is the Chief Market Analyst with The Lindsey Group, a macro economic and market research firm founded by Larry Lindsey.

Prior to joining The Lindsey Group, Peter spent a brief time at Omega Advisors, a New York based hedge fund, as a macro analyst and portfolio manager. Before this, he was an employee and partner at Miller Tabak + Co for 18 years where he was an equity strategist and a portfolio manager with Miller Tabak Advisors. He joined Donaldson, Lufkin and Jenrette in 1992 in their corporate bond research department as a junior analyst. He is also President of OCLI, LLC and OCLI2, LLC, farmland real estate investment funds.

Wednesday, June 29, 2016

Intermediate Cycle Low for Stocks? / Stock-Markets / Stock Markets 2016

By: Gary_Savage

Traders need to be careful for the rest of the week. In a natural market the daily cycle should still have further to fall and after a bounce there should be one more leg down. But as I have warned over and over, we no longer have free markets. We have not had free markets since the SEC banned short sales on financials back in 2008. So it’s entirely possible the PPT intervened today and that’s all we are going to get for an intermediate cycle low.