Tuesday, May 03, 2016
Stock Market Bad News Bought Again...It's All About Rates....Nothing Else... / Stock-Markets / Stock Markets 2016
After seven straight down days on the Nasdaq, the market was ready for a bit of a bounce. The Nasdaq has been underperforming, mostly due to Apple Inc. (AAPL), which has been sinking like a stone since they had their earnings report and Carl Ichan sold all of his shares. Many other Nasdaq stocks have participated in the bad earnings world as well, which has clearly contributed to the down turn in the Nasdaq versus the rest of the stock market. The S&P 500 is holding up far better than the Nasdaq as the big money continues to rotate into safety and away from froth, and higher P/E and beta stocks. Risk is not what they're after at this moment in time. Safety is the name of their game.
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Tuesday, May 03, 2016
Stock Market Retracement May be Complete / Stock-Markets / Stock Markets 2016
The retracement rally hit 61.8% of ita recent decline and appears complete. This is a good aggressive short entry here, as well.
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Tuesday, May 03, 2016
Have Gold Mining Shares Topped? / Commodities / Gold and Silver Stocks 2016
Gold should drop about $150 from here into May 18th or about 12-13%. Gold mining shares should drop about 35-38% from here into May 18th. Mercury turned stationary/retrograde on April 28th suggesting a major top 2 trading days from that date. The Gann cycles suggest a likelihood of Monday, May 2nd being that top. The vertical white lines are TLC or trend line convergence lows which look for May 18th and May 20th as being important lows.
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Tuesday, May 03, 2016
Low Prices for Oil Cure Low Prices for Oil / Commodities / Crude Oil
Veteran investor Bob Moriarty discusses one company that is poised to benefit from the volatililty in the oil markets.
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Tuesday, May 03, 2016
A Currency War Battle That Europe and Japan Can’t Afford To Lose / Currencies / Currency War
The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign currencies — is down about 8%, and the decline is steepening. In counterintuitive currency war terms, that means the US is winning the latest battle.
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Tuesday, May 03, 2016
In Exclusive Interview GATA Chairman Bill Murphy Says Gold Cartel Getting Desperate - Video / Commodities / Gold and Silver 2016
Transcript excerpt: ok this afternoon May May 2nd 2016 Monday I'm interviewing bill Murphy he's
the chairman of gala which means gold anti-trust action committee their
website has got a dog or and yeah bill used to work in the financial markets
back in the seventies and commodities but I'll let him introduced himself and
talk a little bit about gaps and what they do you have some background and
commodity in that phone firm once in New York City and small one and there was a
limited edition trailer one time they traded futures markets have that
background and it's helped me understand the market movements cause I watch them
on a daily basis so it it you know that's the one thing I'm good we all
Monday, May 02, 2016
When the Truth is Found to be Lies, Confidence in Currency Dies / Currencies / Fiat Currency
In 1967 the Jefferson Airplane sang:
“When the truth is found to be lies,
And all the joy within you dies…”
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Monday, May 02, 2016
How Brexit Could Help All of Europe / ElectionOracle / EU_Referendum
Ferghane Azihari writes: The United Kingdom (UK) is about to hold a referendum on June 23rd on whether it should leave or remain within the European Union (EU). Once unthinkable, the "Brexit" is becoming more and more plausible. It is seen by the mainstream media as a factor of uncertainty in Europe. For its critics, Brexit would lead to increasing nationalism and protectionism. Nevertheless, those same critics forget the European Union is not a free-trade area.
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Monday, May 02, 2016
US House Prices Outpacing Official Inflation Rate, Household Income / Housing-Market / US Housing
Ryan McMaken writes: This week, the latest numbers from the S&P/Case-Shiller index showed continued significant home price growth in most of the 20 cities within the survey. The cities with the most growth were found in the Western US and, to a lesser extent, the South:
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Monday, May 02, 2016
USD Still Declining... / Currencies / US Dollar
USD is plummeting lower today. This is keeping USD/JPY suppressed, even though the Yen is not rallying at the moment.
Bloomberg reports, “After falling for three months, the dollar is set to rebound, if this historical seasonal chart is any guide.
The Bloomberg Dollar Spot Index, which tracks the greenback versus 10 peers, has appreciated in May in every year but one since 2007, according to a Bloomberg Seasonality Chart. That’s the best record among the 12 months.
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Monday, May 02, 2016
Gold & Silver Rally Huge as Central Bankers & Analysts Flub / Commodities / Gold and Silver 2016
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up we’ll hear from Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors and author of the book The Goldwatcher: Demystifying Gold Investing. Frank has a bullish outlook for the metals and comments on what’s ahead for gold and silver after a very strong start to the year. Will we see a pullback as we head into the summer? Hear Frank’s answer to this question and many others, coming up right after this week’s market update.
Central bankers took center stage this week as both the U.S. Federal Reserve and Bank of Japan moved markets by NOT moving rates. On Wednesday, the Fed announced that it would refrain from hiking interest rates. Fed officials cited a down tick in some of their economic indicators as the primary reason for standing pat.
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Monday, May 02, 2016
Stock Market Bounce Day / Stock-Markets / Stock Markets 2016
SPX appears to be completing its bounce today. Today is a Pi date, so the bounce may be over by the end of the day. Once through the 4.5 year trendline, there may be a panic event in stocks. A panic event may take place in as little as 4.3 days (30.1 hours) That may target May 9 as the next Master Cycle low. This is our preliminary target until we see how the decline develops.
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Monday, May 02, 2016
Stock Market Uncertainty Following Two-Month Long Rally - Will It Continue? / Stock-Markets / Stock Markets 2016
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
Monday, May 02, 2016
Stock Market Correction Underway "Upside Objective Reached" / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: The beginning of a lengthy correction is most likely underway!
SPX Intermediate trend: Rally top.
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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Monday, May 02, 2016
SILVER: Prospects for the Birth of a New Bull Run / Commodities / Gold and Silver 2016
The prospect for the birth of a new Bull-Run in Silver speaks to a broader cyclical theme that relates to a dying dollar bull, and a corollary cyclical sentiment shift back toward a strong market preference for tangible vs. paper assets. From its current cyclical low in December of 2015, Silver Bullion has risen 30%.
In the broadest of terms, the above referenced theme would suggest the early adoption of a general pair's trade that was short the dollar and long commodities.
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Monday, May 02, 2016
USD, Yen and an ‘Inflation Trade’ Update / Currencies / US Dollar
The Fed has been trying to promote inflation. That is not the guy with the tin foil hat speaking, it is direct from FOMC statements targeting a higher inflation level, which is another way of saying they are targeting a lower US dollar level. From this we leaned toward that which would benefit from a declining USD. Precious metals (led by silver) are a prime beneficiary, with oil and some commodities remaining firm despite pressure on stock markets as corporate performance and economic signals continue to fade.
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Monday, May 02, 2016
Did The Big Silver And Gold Market Event Arrive? / Commodities / Gold and Silver 2016
In a previous article (September 2015), I presented the following analysis (in italics) to show how we are close to a point were a significant event could happen in the bond market and/or gold & silver markets:
Above, is a chart (from macrotrends.com) that shows the ratio of the gold price to the St. Louis Adjusted Monetary Base back to 1918. That is the gold price in US dollars divided by the St. Louis Adjusted Monetary Base in billions of US dollars. So, for example, currently the ratio is at 0.28 [$1 125 (current gold price)/ $4 019 (which represents 4 019 billions of US dollars)].
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Monday, May 02, 2016
U.S. Military Drafting Women Means Equality in Slavery / Politics / US Military
Last week the House Armed Services Committee approved an amendment to the National Defense Authorization Act requiring women to register with Selective Service. This means that if Congress ever brings back the draft, women will be forcibly sent to war.
The amendment is a response to the Pentagon's decision to allow women to serve in combat. Supporters of drafting women point out that the ban on women in combat was the reason the Supreme Court upheld a male-only draft. Therefore, they argue, it is only logical to now force women to register for Selective Service. Besides, supporters of extending the draft point out, not all draftees are sent into combat.
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Sunday, May 01, 2016
Gold Commitments of Traders and More / Commodities / Gold and Silver 2016
Gold is showing some very good strength at this time, as the weaker dollar, combined with negative interest rates, and in some instances, NEGATIVE REAL RATES, has made the opportunity cost in holding the metal practically non-existent. Throw in the continued uncertainty over global equity market valuations, and gold demand continues to remain strong. As noted previously however,the recent lackluster interest in GLD is on my radar screen however.
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Sunday, May 01, 2016
The Magic of Gold Ratio Charts / Commodities / Gold and Silver 2016
The first point I would like to make is that many of you are probably wondering how I could reverse my long term bearish view on the precious metals complex to a bullish view in such a short period of time. The other point I've been trying to make is to get you positioned and sit tight, as this new bull market is just getting started. Understanding the Chartology of this sector from the many different precious metals stock indexes, to individual PM stocks and especially the combo ratio charts, paints a picture that if one keeps an open mind and truly understands what is taking place right now, getting positioned and sitting tight makes alot of sense. This is easier said than done of course.
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