Friday, October 09, 2015
Obama Abandons Scheme to Train Nonexistent Syrian Moderates / Politics / Syria
Friday, October 09, 2015
Gold and Silver Bucket Shop / Commodities / Gold and Silver 2015
"The terrible, cold, cruel part is Wall Street. Rivers of gold flow there from all over the earth, and death comes with it. There, as nowhere else, you feel a total absence of the spirit: herds of men who cannot count past three, herds more who cannot get past six, scorn for pure science and demoniacal respect for the present.
And the terrible thing is that the crowd that fills the Street believes that the world will always be the same, and that it is their duty to keep that huge machine running, day and night, forever."
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Friday, October 09, 2015
Stock Market Rally May be Broken / Stock-Markets / Stock Markets 2015
At 9:59 am the SPX made a failed attempt at a new high, missing by 95 ticks. It appears to be coming back down and may break the uptrend at 2010.00. SPX regains its sell signal below the 50-day Moving Average at 1993.78.
The reason I brought up the time element is that it is exactly 51.6 hours from the low on Sept 29.
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Friday, October 09, 2015
Gold Stocks Major Breakout / Commodities / Gold and Silver Stocks 2015
The left-for-dead gold stocks have rallied dramatically this past week, surging to a major breakout. This pivotal technical event reveals the hyper-bearish psychology plaguing this sector in recent months is dissipating, paving the way for investment capital to return. And given the fundamentally-absurd price levels in this battered sector, this new gold-stock buying is likely just the initial vanguard of a massive new upleg.
Even among contrarians, the overwhelming consensus view is that gold miners’ stocks are doomed to grind lower indefinitely. Pretty much everyone even aware of this obscure sector totally despises it, the inevitable result of recent years’ dismal price action. The flagship gold-stock index, the NYSE Arca Gold BUGS Index better known by its symbol HUI, certainly reflects the unbelievable misery in this business.
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Friday, October 09, 2015
Contrarian Investing - Being the 10th Man / Stock-Markets / Investing 2015
By Jared Dillian
I was going to give you this big macro rundown of what happened since the payroll number, but I changed my mind. Anybody can give you the play-by-play. Let’s talk about it in the context of true contrarian investing.
Being contrarian doesn’t just mean doing the opposite of what everyone else is doing. It means doing what is really unpopular and may make you subject to ridicule.
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Friday, October 09, 2015
U.S. Can Expect Recession in 1-3 Years / Economics / Recession 2016
David Rubenstein, co-founder and co-CEO at The Carlyle Group, joined hosts Stephanie Ruhle and David Westin on Bloomberg TV's new flagship morning program, Bloomberg <GO>. Rubenstein discussed his call for one or two percent U.S. growth in the next year and explains why the country can expect a recession within the next three years. He also spoke about a transformation taking place in China and unrealistic expectations for 10 percent growth in the nation's economy.
Rubenstein told Bloomberg TV that a U.S. recession is "inevitable." He said "We have not really had a recession in six years. We came out of the last recession in June of 2009. We tend to have recessions every seven years, more or less in the United States, since World War II. So at some point in the next year or two or three, you can expect a recession."
Friday, October 09, 2015
The Greater Economic Depression Deep State / Economics / Great Depression II
Master speculator and economic expert Doug Casey believes a global financial crisis is just around the corner, which will result in what he has termed the “Greater Depression”...
This essay originally appeared in The Casey Report. In it, Doug details a hidden but powerful force known as the “deep state” that’s ruining the country.
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Friday, October 09, 2015
Global Players at the Financial Poker Table / Stock-Markets / Financial Markets 2015
From the movie “Rounders” regarding poker:
“If you can’t spot the sucker in the first half hour at the table, then you are the sucker.”
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Friday, October 09, 2015
Stock Market Waiting for the Turn / Stock-Markets / Stock Markets 2015
The SPX Premarket is higher this morning. This appears to be the final phase of the rally, which may be gunning for the hourly Cycle Top at 2022.41.
ZeroHedge comments, “Several days ago, we pointed out a startling fact: short interest in the NYSE had risen to match the record level seen just before the collapse of Lehman!
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Friday, October 09, 2015
Financial Markets Calm Before the Storm? / Stock-Markets / Financial Markets 2015
BIG PICTURE - Global business activity is slowing down and the majority of the developing nations are experiencing severe economic problems. Over in the developed world, Japan is contracting again, Euro zone is barely growing and even America's leading economic indicators are suggesting trouble ahead. Elsewhere, the CRB Index is trading at a 13-year low and this implosion in the prices of commodities is suggesting that all is not well with the global economy.
The crux of the matter is that the world is severely over-indebted (debt to GDP ratio of 286%, Figure 1) and without fiscal measures, viable reforms and debt restructuring, we will probably remain stuck in this low growth environment for years. Unfortunately, you cannot solve a problem of too much debt by encouraging even more borrowing; yet policymakers are trying to fix this mess by lowering interest rates and injecting liquidity.
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Friday, October 09, 2015
Stock Market History Calling, Says Performance will be Crappy for Another ~10 years! / Stock-Markets / Stock Markets 2015
I remember the first time I walked into Henry Blodget’s new startup, Business Insider, back in 2009. Twelve fresh-faced kids were crammed into a room about the size of my bedroom, pounding away on laptops, creating a new destination website. He took me over to a corner; we sat down in front of a few cameras; and he began shooting question after question at me, later turning the session into a series of interviews.
You walk into his office today and it’s still packed wall-to-wall with fresh-faced kids (the older I get the younger they look), but the offices are much larger, and it seemed to me last time that there had to be at least 150 people in them. But the interviews are still quick-paced, even if they’re now conducted in a special room, with upgraded equipment.
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Friday, October 09, 2015
Forex Trading: "Elliott wave analysis helps me cut to the chase." / Currencies / Forex Trading
Fresh insights from Elliott Wave International's Senior Currency Strategist, Jim Martens
Jim Martens is one of the few forex Elliott wave instructors in the world and a long-time editor of Elliott Wave International's forex-focused Currency Pro Service. A sought-after speaker, Jim has been applying Elliott waves since the mid-1980s, including two years at the George Soros-affiliated hedge fund, Nexus Capital, Ltd.
Below is an excerpt from his latest interview. To read the full interview -- and get Jim's latest big-picture forecast for EURUSD, tips on how to learn Elliott fast, and practical ideas on how to treat your forex trading as a business -- complete your free Club EWI profile. It only takes 30 seconds.
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Friday, October 09, 2015
Cycle Top Met in the SPX / Stock-Markets / Stock Markets 2015
The final surge in SPX hit Cycle Top resistance at 2013.51 where it appears to be repelled. A cross beneath the 50-day Moving Average at 1994.49 puts SPX back on a confirmed sell signal.
SPX has a new bearish profile with an Orthodox Broadening Top formation. A final peak that is lower than the second peak of the formation elevates the probability of a negative outcome to over 80%. Once SPX declines beneath the lower trendline the chances of meeting its proposed target is elevated to as high as 96%.
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Friday, October 09, 2015
Why This Feels Like an Economic Depression for Most People / Economics / Economic Depression
Everyone has seen the pictures of the unemployed waiting in soup lines during the Great Depression. When you try to tell a propaganda believing, willfully ignorant, mainstream media watching, math challenged consumer we are in the midst of a Greater Depression, they act as if you've lost your mind. They will immediately bluster about the 5.1% unemployment rate, record corporate profits, and stock market near all-time highs. The cognitive dissonance of these people is only exceeded by their inability to understand basic mathematical concepts.
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Thursday, October 08, 2015
What Trump and Other Pessimists Don’t Understand About U.S. Debt / Interest-Rates / US Debt
Alexander Green writes:I received still more blowback from my last few columns about Donald Trump and the economic pessimists.
Some readers are in no mood to hear anything positive about the state of the country or our current economic situation.
Others realize that the economy is growing, the dollar is strong, inflation is low, American corporations are reporting record profits and U.S. household net worth just hit an all-time high.
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Thursday, October 08, 2015
FOMC Minutes Fireworks / Stock-Markets / US Federal Reserve Bank
SPX has risen back to the 50-da Moving Average for the 5th time. I don’t like this action, but it seems that the market is waiting for the release of the FOMC Minutes at 2:00 pm.
Reuters reports, “U.S. stocks fell on Thursday as investors await the minutes of the Federal Reserve's September meeting to get an insight into the central bank's decision to keep interest rates steady.
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Thursday, October 08, 2015
Dr Copper Back from the Dead - Time to Buy or Blink / Commodities / Copper
Anxiety is a thin stream of fear trickling through the mind. If encouraged, it cuts a channel into which all other thoughts are drained.Arthur Somers RocheOnce upon a time, in the good old days, before QE changed everything, any signs of strength from copper could be construed as a sign that the economy was on the mend. After QE, this story came to an end, and a new reality came into play. The Fed manipulated the markets in favour of short-term gains through what could be determined as borderline illegal monetary policy; a policy that has maintained an ultra-low interest rate environment that favours speculators and punishes savers.
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Thursday, October 08, 2015
Glencore Rout Blamed on Short Sellers Playing With CDS / Companies / Metals & Mining
John Mack, director at Glencore and former CEO of Morgan Stanley, joined hosts Stephanie Ruhle and David Westin on Bloomberg TV's new flagship morning program, Bloomberg <GO>. He spoke about the stability of Glencore amid the global selloff in commodities. He also discussed why he is bullish on China, 2008 and responsibility for malfeasance at financial firms, and Hillary Clinton's presidential campaign.
Mack said fund managers shorting shares of Glencore and playing with credit-default swaps were responsible for recent volatility: “You have fund managers who short the stock, play with the CDS; that’s exactly what happened during the crisis. I mean, that’s fine for them to do that. That creates a lot of volatility."
Thursday, October 08, 2015
Bundesbank “Reassures” Re. Gold Bullion Reserves as Deutsche Bank Shocks With €6 Billion Loss Warning / Commodities / Gold and Silver 2015
The German Bundesbank released an inventory of its gold reserves yesterday in order to quell ongoing public concerns about the true amount of actual unencumbered reserves and the location of the reserves stored in vaults in Frankfurt, London, Paris and particularly in the New York Federal Reserve.
The central bank said its gold reserves amount to 3,384 tonnes of gold worth just €107 billion at today’s prices.
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Thursday, October 08, 2015
Silver Price Manipulation – Where are the Regulators and How Will It End? / Commodities / Gold and Silver 2015
The following is an edited excerpt from our recent Q&A interview with Ted Butler.
It’s the even worse than the fox guarding the henhouse. It’s more like rabid raccoons.
In this section continue the discussion of HFT, while answering the question of how the regulators could miss all of this. We end on how it will end.
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