Wednesday, May 04, 2016

Watching for an Undercut Bottom in the US Dollar / Currencies / US Dollar

By: Gary_Savage

Undercut bottom in the dollar coming next? Maybe.

Currencies are tricky SOB’s. Be aware we may still get one more drop to form an undercut low and catch shorts on the wrong side of the market.

Wednesday, May 04, 2016

Silver Bullion Has Key New Player – China Replaces JP Morgan / Commodities / Gold and Silver 2016

By: GoldCore

The silver bullion market has a key new player – Enter the Dragon. The Shanghai Futures Exchange in China is replacing JP Morgan bank and its clients as the most significant new source of demand according to a very interesting blog with some great charts and tables published by SRSrocco Report yesterday.

Wednesday, May 04, 2016

Barclays Launches 100% Mortgage to Compete with Bank of Mum and Dad - Video / Housing-Market / Mortgages

By: Mario_Innecco

Transcript Excerpt: hi it's out Wednesday's the 4th of May 2016 I'll be talking about Barclays Bank
here in the UK they've just launched the first hundred percent mortgage since the
2008 crisis if you remember well Northern Rock collapse because you know
their lending recklessly so now Barclays Bank is doing the same thing I do have
to say though that it's not surely a hundred percent because it's also called
a guarantor mortgage which basically means that the parents of the young
couple or young person taking on that mortgage they put down 5% the mortgage
in an account with Barclays for three years to guarantee that mortgage and you
know and and the border wars they keep paying the interest and the guarantor

Wednesday, May 04, 2016

War, Debt, Default and Socialism - Just Another Day In America / Politics / US Politics

By: Jeff_Berwick

I've accepted that there are evil forces in this world that will do what they can to destroy you and your family in order to build globalism. From the Brussels bombings to the Panama Papers to the ongoing Syrian massacres and turmoil in the Middle East and the refugee crises, it is all planned out.

People have a hard time with that insight. It's very difficult to live with the idea that the top controllers of Western society are actively trying to kill you or at least destroy the society you live in.

Wednesday, May 04, 2016

Tracker Mortgage Rates Start to Rise as Demand Falls / Housing-Market / Mortgages

By: MoneyFacts

The Bank of England base rate has now been on hold at 0.50% for seven years, so it would be fair to assume that variable rate tracker mortgages have also remained static. However, research from Moneyfacts.co.uk shows that this is not the case, with the average two-year tracker mortgage rate increasing by 0.06% since November 2015.

Wednesday, May 04, 2016

Why China Is Really Dictating the Oil Supply Glut / Commodities / Crude Oil

By: OilPrice_Com

Ship tracking data from Bloomberg shows that 83 supertankers carrying around 166 million barrels of oil are headed to China, which has stockpiled an impressive 787,000 barrels a day in the first quarter of 2016—the highest stockpiling rate since 2014.

While the world was speculating about oil prices plunging to $20 and $10 per barrel, China was busy stockpiling its reserves.

Wednesday, May 04, 2016

Gold Stock Picks Up Over 400%, What's Next ? / Commodities / Gold and Silver Stocks 2016

By: The_Gold_Report

A battle royale is brewing between gold bulls and commercial traders who are short gold, says Brien Lundin, publisher of Gold Newsletter. That tug of war, which should play out in the coming weeks, could result in either a severe correction or a spectacular rise in the price of gold and silver. No matter which way it goes, in this interview with The Gold Report, Lundin recommends that investors continue to look at companies with world-class resources that are still being priced at a fraction of what their values should be. Lundin should know; some of his recommendations are up more than 400% from December and January.

Wednesday, May 04, 2016

U.S. Treasury Secretary Jack Lew: Puerto Rico Needs Urgent Action / Politics / US Politics

By: Bloomberg

U.S. Treasury Secretary Jack Lew discusses Puerto Rico's debt crisis and corporate inversion deals in an exclusive interview with Bloomberg's Erik Schatzker at the Milken Institute Global Conference.

Lew on the need for urgent action in Puerto Rico: "Puerto Rico doesn't have decades. Puerto Rico has a crisis today. Right now, today in Puerto Rico, you have hospitals that have laid off hundreds of workers, closed beds, closed wings. You have a Zika problem developing without the funds to come in and prevent the disease from spreading. You have schools that are closing. You have broad economic stress that's leading people to leave the island. Almost 100,000 people left Puerto Rico last year. Let's just be clear, there's three and a half million American citizens, many veterans -- American citizens living in Puerto Rico. If Puerto Rico doesn't have a solution, that's three and a half million Americans who are plunged into chaos. That's why the need for action is so urgent."

Wednesday, May 04, 2016

Interest Rates: Ten-year US Treasury / Interest-Rates / US Bonds

By: Ed_Carlson

TNX (the yield on the 10 year, US Treasury note) fell 3.65% to close at 18.19 on the 30-dma last week. Look for a bounce with equities early this week but don’t expect it to be sustained as the daily Coppock is still high enough to expect a top, not a bottom. Resistance is near 20.00. Look for support at Friday’s close. A break of this level opens the door for a return to the April low near 17.00.

Wednesday, May 04, 2016

Technical Trading Mastery for Traders & Investors / InvestorEducation / Reviews

By: Chris_Vermeulen

How To Win With Simplicity

This book, written for both traders and investors, explores the tools and techniques that discretionary and algorithmic traders need to profit in today’s competitive markets.

Divided into segments, this guide shows you how to incorporate simple logical trading strategies into a step-by-step checklist to execute. Along the way, you will learn a method of analysis that focuses on specific market structure patterns the author has used profitably for over a decade, psychological techniques to reduce emotional interference, and a new concept called INNER-Market Analysis that provides accurate price forecasting. You also will come to a new understanding of the importance of position sizing and trade management.

Tuesday, May 03, 2016

Derivatives Crisis Of Banks…Worldwide / Companies / Credit Crisis 2016

By: I_M_Vronsky

Derivatives are weapons of mass destruction” – Warren Buffett

The WHAT AND WHY Of Derivatives

"Megabanks trade risk via derivatives contracts to another firm while keeping the underlying asset on their books. This way they can bypass capital requirements and take on more debt. This, in turn, allows them to make more trades, but it also means that if a sudden downturn surfaces in the markets, the firm which borrowed way beyond their means may quickly go bankrupt. Lehman Brothers experienced this after they’d borrowed 30 times more money than they had in reserve. In that case, a relatively small loss of a mere 3% meant that Lehman no longer had reserves (i.e. capital), and they therefore collapsed…i.e. totally wiped out. The leverage that derivatives allow is incomprehensible. They are betting 30 TIMES MORE MONEY THAN THEY HAVE. This is financially insane." (Source:  http://www.huffingtonpost.ca/nick-fillmore/banks-derivatives_b_4408856.html )

Tuesday, May 03, 2016

Just Look to the Middle-Class for Proof of Trickle-Down Economics / Economics / Economic Theory

By: Harry_Dent

Politicians and economists get many things wrong, but right now, the one thing that really gets up my… let’s keep this clean and just say, nose… is how clueless they are about “trickle-down economics.”

Republicans believe it. (They just don’t realize how long it takes and that it isn’t happening yet from the information revolution.)

Tuesday, May 03, 2016

What is the Real Value of Gold Today? / Commodities / Gold and Silver 2016

By: Rodney_Johnson

Gold is on a tear this year. The precious metal is up 19%. That’s great! Those holding gold should be happy with their gains. If they take their coins to the grocery store they can buy, well, absolutely nothing. But they can sell their gold to someone else for some printed pieces of cotton (our noble currency) before making their way to the local Whole Foods.

To be fair, some gold coins were actual money many years ago, like the $20 gold piece. In some states it is legal to use these coins today as money, but only for face value, which would be stupid. For all intents and purposes, gold is not money today.

Tuesday, May 03, 2016

Bank of North Dakota Soars Despite Oil Bust: A Blueprint for California? / Companies / Banking Stocks

By: Ellen_Brown

Despite North Dakota’s collapsing oil market, its state-owned bank continues to report record profits. This article looks at what California, with fifty times North Dakota’s population, could do following that state’s lead.

In November 2014, the Wall Street Journal reported that the Bank of North Dakota (BND), the nation’s only state-owned depository bank, was more profitable even than J.P. Morgan Chase and Goldman Sachs. The author attributed this remarkable performance to the state’s oil boom; but the boom has now become an oil bust, yet the BND’s profits continue to climb. Its 2015 Annual Report, published on April 20th, boasted its most profitable year ever.

Tuesday, May 03, 2016

Stock Market Technical Analysis / Stock-Markets / Stock Markets 2016

By: Christopher_Quigley

Technical Summary:
Short Term Trend:                            Neutral With A Bearish Configuration Possibly Developing.
Medium Term Trend:                      Bullish.
Long Term Trend:                            Neutral:Both The 100 DMA and the 200 DMA Are Flat.
Slow Stochastics:                             Overbought: Market Risk Is High.
Fast Stochastics:                              Neutral But Trending To Oversold.
VIX:                                                   Very Low: Market  Risk Is High.
McClennan Oscillator:                    Low But Trending Down. Not Ideal For Shorting The Market.
A/D Line:                                           Bullish.

Tuesday, May 03, 2016

Is Craig Wright The Creator Of Bitcoin? Frisby and Matonis On ‘Satoshi Nakamoto’ / Currencies / Bitcoin

By: GoldCore

Craig Steven Wright, an Australian computer scientist, self-declared cyber security expert and entrepreneur, has claimed to be the creator of Bitcoin, the elusive ‘Satoshi Nakamoto’.

Tuesday, May 03, 2016

Long-term Fixed Savings Interest Rates Fall / Personal_Finance / Savings Accounts

By: MoneyFacts

Savers looking to boost their savings pots will no doubt look for accounts that pay the highest rates of interest, which typically come from long-term fixed rate savings bonds. However, savers may be disappointed by the deals on offer for rates in this sector have recently hit new lows thanks to an onslaught of rate cuts.

Tuesday, May 03, 2016

US Dollar Index on the Brink as Dollar Meltdown Continues - Video / Currencies / US Dollar

By: Mario_Innecco

Transcript Excerpt: Tuesday May 3rd 2016 yes around 8:40 a.m. London time or 340 New York
time I'm gonna be talking currencies this morning as the dollar continues to
to drop you know quite quite sharply I had been covering the yen and how that's
been appreciating quite strongly against the dollar despite the fact that the BOJ
stepped up especially knowing the end of February stepped up their cue we and a
negative interest rates but this morning I will be talking a little bit the
dollar index dollar index is basically weights and measures the dollar against
a basket of currencies and this basket is composed of the following 57.6% euro
30.6% Japanese yen 11.9% British Pound 9.1% Canadian dollar four point to.

Tuesday, May 03, 2016

Gold Stocks in the Danger Zone / Commodities / Gold and Silver Stocks 2016

By: Bob_Kirtley

The bears have been in charge for the last 4 years or so taking both gold and silver into the depths of despair. The associated mining companies also felt the cold with many having to postpone projects, slash dividends and implement a series of cost cutting measures.

As with most bear markets there were a number of rallies which turned out to be head fakes or bear traps as gold lost its momentum. We can all recall just how well 2015 started as gold bolted in January to higher ground bringing much joy to the perma gold bulls. Alas gold couldn’t maintain it strength and spent the remainder of the year drifting to its lowest level for some time. Fast forward to this year and we can see once again gold has started like an Olympic sprinter taking the price of gold to within touching distance of $1300.00/oz. Silver was a tad slow to start but has now joined the fun by breaching previous resistance levels and confirming golds strength.

Tuesday, May 03, 2016

Central Banks Need a Higher Gold Price : Hello GATA / Commodities / Gold and Silver 2016

By: Dan_Norcini

A friend sent me some comments from Chris Powell over at GATA (headquarters for the gold manipulation crowd) writing about the possibility of a change in the thinking of the Central Banks in regards to the gold price.