Tuesday, June 07, 2016

Gold Prices Surge After Poor Jobs Number, Increased Risk Of BREXIT / Commodities / Gold and Silver 2016

By: GoldCore

Gold prices surged nearly 3% after the very poor jobs number on Friday, have maintained those gains and appear to be consolidating as concerns about the U.S. economy and BREXIT deepen.

Tuesday, June 07, 2016

Former Bank of England head Mervyn King joins Alan Greenspan in advocating Gold Ownership / Commodities / Gold and Silver 2016

By: Michael_J_Kosares

In The End of Alchemy, Mervyn King, the former head of the Bank of England, writes of central banks’ frustration in dealing with the stagnant global economy. “Central banks,” he says, “have thrown everything at their economies, and yet the results have been disappointing, Whatever can be said about the world recovery since the crisis, it has been neither strong, nor sustainable, nor balanced.”

Similarly, former IMF chief economist, Olivier Blanchard was recently quoted in the Financial Times as saying: “And so the question is why is it, that with no fiscal consolidation and banks in decent shape, at least in terms of lending, and zero interest rates, we don’t have an enormous demand boom? That is now the puzzle.”

Tuesday, June 07, 2016

Fed's Interest Rate Normalization Will Be Far From Normal / Interest-Rates / US Interest Rates

By: Michael_Pento

The Fed traditionally embarks on an interest rate tightening cycle when inflation has started to run hot. This decline in the purchasing power of the dollar will nearly always manifest itself in: above trend nominal GDP, rising long-term interest rates and a positively sloping yield curve. These prevailing conditions are all indications of a market that is battling inflation; and thus prompts the Fed to start playing catch up with the inflation curve.

Tuesday, June 07, 2016

EU Referendum - Britain's Immigration / Migrant Crisis Explained / ElectionOracle / Immigration

By: Nadeem_Walayat

One of the primary drivers for triggering the EU Referendum Is immigration and more specifically EU immigration that many deem to be out of control as membership of the European Union means free movement of workers which has prevented the UK from controlling its borders now for over a decade as the UK is buffeted by waves of ever escalating migrant flows from Europe each year. All adding to those that came before with total immigration from the EU since 2000 now having passed the 5 million mark. All whilst both Labour and then the Conservative governments promises to be bring immigration under control having amounted to nothing, as the government has NO control over EU migration, which thus continues on an accelerating trend trajectory. Therefore voting to REMAIN within the EU ensures EU migration will continue to increase putting added pressure each year on housing, jobs and social services such as schools, NHS and the benefits system, virtually all of which are already at critical breaking point levels.

Tuesday, June 07, 2016

Gold Stocks Be Prepared / Commodities / Gold and Silver Stocks 2016

By: Rambus_Chartology

There are two patterns I'm watching very closely in here on the HUI which will be a proxy for the rest of the PM stock indexes. This first chart is daily chart which shows the three small consolidation patterns that have formed since the January low. The top pattern basically completed its fourth reversal point today which is an expanding falling wedge. One of two things will most likely happen tomorrow. If this is the correct consolidation pattern then we will most likely see a breakout gap above the top rail which should lead to the next impulse move up. The second scenario would be to see the top rail hold resistance and a move down to the bottom rail of the expanding falling wedge where the 38% retrace would come into play around the 183 area. This pattern is complete except for the breakout.

Tuesday, June 07, 2016

Crude Oil Price Is Due for a Correction / Commodities / Crude Oil

By: The_Energy_Report

Technical analyst Jack Chan demonstrates the divergence between oil equity prices and the underlying commodity.

Tuesday, June 07, 2016

Slow Death Of Markets / Stock-Markets / Financial Markets 2016

By: InvestingHaven

In our May webinar, we discussed how hard markets have become, and how to invest in them. The key trend we identified is that central banks are distorting market behavior and capital flows. As our webinars are actionable, we analyzed several ways to deal with these markets and still be profitable.

Tuesday, June 07, 2016

The Illusion of Falling Official 'Unemployment' Fades / Economics / Economic Statistics

By: MoneyMetals

Friday's employment report featured the headline unemployment rate falling from 5.0% to 4.7% - which is a huge move lower. About the only encouraging aspect of the report is that markets largely ignored the fantasy headline for a change and focused on the ugly details. Nearly everyone acknowledged the report as bad news and markets reacted accordingly.

Tuesday, June 07, 2016

Bad U.S. Jobs Report Prompts Stocks Bear Market Rally Towards New All Time Highs! / Stock-Markets / Stock Markets 2016

By: Nadeem_Walayat

Friday's US jobs report was apparently one of the worst of President Obama's presidency, that saw the US economy add a good 100k fewer jobs than the market consensus was expecting (38k against 160k). That and severe profits warnings from the likes of the mega-bank Citicorp sowed the seeds for what the bears had been praying for all year, finally the bear market that apparently began in August 2015 was now set to resume with a vengeance with even some calling for an opening flash crash!

Monday, June 06, 2016

U.S. Jobs Report Means Don’t Bank On Interest Rate Hikes! / Interest-Rates / US Interest Rates

By: Chris_Vermeulen

This past Friday, June 3rd, 2016, The Bureau of Labor Statistics released their most recent report regarding new employment data and nonfarm payroll employment which indicates that during May of 2016, it was the smallest increase seen in 28 months.

During May of 2016, there were 144,592,000 payroll jobs within the US, which was up by 1.6 percent, or equivalent to 2.3 million jobs, from May of 2015 (These are all not-seasonally-adjusted numbers).

Monday, June 06, 2016

First Majestic Silver Stock Soars / Commodities / Gold and Silver Stocks 2016

By: Zeal_LLC

First Majestic Silver has been one of the world’s best-performing stocks in 2016, nearly quintupling at best in recent months.  This outstanding Canadian silver miner runs extensive operations in Mexico, and is one of this metal’s purest producers.  Despite its blistering run this year, First Majestic remains incredibly well-positioned to greatly leverage silver’s mean reversion higher.  Investors should take a look.

First Majestic Silver’s amazing fundamentals won me over as a fan years ago, and I definitely have a dog in this fight.  As silver was grinding along near major secular lows late last year, we recommended a new long-term investment in First Majestic at $3.20 in our monthly newsletter.  Then in mid-January as silver stocks languished, we added another new First Majestic trade at $2.51 in our weekly newsletter.

Monday, June 06, 2016

Germany May Be a Bigger Threat to the European Union than Brexit / Politics / European Union

By: John_Mauldin

Two polls were recently released that call the European Union in question.

A poll in Italy reported that the Five Star Movement (a populist political party that wants to hold a referendum on whether Italy should remain in the European Union) was the most popular political party in the country ahead of local elections scheduled for next month. 

Monday, June 06, 2016

A Crisis of Exporters Is Brewing—and That Has Massive Global Economic Implications / Economics / Global Economy

By: John_Mauldin

BY GEORGE FRIEDMAN 

The global system has reached a breaking point. All the pressures that have built up over the months and years have finally begun to tear it apart. There is much to tell, but for today, I will mention only three countries: China, Saudi Arabia, and Germany.

From 1991 to 2008, the consensus was that more exports make an economy stronger. This was true until 2008. However, the exporter is only as strong as his customer’s appetite and ability to buy what he sells. When demand falls, what was once a strength becomes a weakness.

Monday, June 06, 2016

3 Signs the German Economy Is Falling Apart / Economics / Germany

By: John_Mauldin

Germany is the world’s fourth-largest economy. It is also Europe’s largest economy, and any European economic recovery depends a great deal on Germany’s trajectory. 

Germany is also the third-largest exporter in absolute terms in the G20 and is nearly as dependent on exports as Saudi Arabia and South Korea.  The country, therefore, must export vast amounts to maintain social and political stability.

Monday, June 06, 2016

The Keynesians Stole The Jobs / Economics / Employment

By: Dr_Ron_Paul

Late last week the markets were shocked by a surprisingly bad May jobs report - the worst monthly report in nearly six years. The experts expected the US economy to add 160,000 jobs in May, but it turns out only 38,000 jobs were added. And to make matters worse, 13,000 of those 38,000 were government jobs! Adding more government employees is a drain on the economy, not a measure of economic growth. Incredibly, there are more than 102 million people who are either unemployed or are no longer looking for work.

Monday, June 06, 2016

Stocks Report, European Commission in Panic Over New Brexit Opinion Poll / Stock-Markets / Stock Markets 2016

By: Christopher_Quigley

In 17 days time, on the 23rd. of June, Britain goes to the polls to decide whether to stay in the European Union or not. Should Great Britain opt to leave it will send financial and political shock waves around the world. Many believe a win for the leave faction would put Europe’s stressed banking system under such pressure that a “Lehman Brothers type event” could occur, the main candidate being Deutsche Bank with its 75 trillion derivative exposure.  Thus June 2016 could turn out to be one of the most volatile trading months in financial history.

Monday, June 06, 2016

SPX Still Working on Final Wave? / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

SPX is challenging its Thursday afternoon high at 2105.26. It appears that it is still working on Wave 5. This may be the final thrust ending near 2110.00. If so, it may not change the wave structure illustrated in the chart.

Monday, June 06, 2016

S&P 500 Still At 2,100 Mark - Which Direction Is Next? / Stock-Markets / Stock Markets 2016

By: Paul_Rejczak

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,140, and profit target at 2,000, S&P 500 index).

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

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

Monday, June 06, 2016

A Beacon of Hope in UK Savings Market / Personal_Finance / Stock Markets 2016

By: MoneyFacts

Thanks to dismal savings rates, savers can be forgiven for thinking that there is little to gain from switching savings accounts away from familiar high street providers. However, research from Moneyfacts.co.uk can reveal that this is not the case and that savers would actually be able achieve far better rates of return from the newer kids on the block.

Monday, June 06, 2016

Now Obama Warns Americans to ‘Be Prepared’ for Disaster… What Does He Know? / Stock-Markets / Financial Markets 2016

By: Jeff_Berwick

Recently Barack Obama urged citizens to be prepared. He broke this new ground in a May 31st speech to the FEMA National Response Coordination Center in Washington.

He explained that it was up to each citizen to be prepared for disasters. This preparation should extend to “having an evacuation plan” and “having a fully stocked disaster supply kit.”

One of the things that we have learned over the course of the last seven and a half years is that government plays a vital role, but it is every citizen’s responsibility to be prepared for a disaster. -Barack Obama