Friday, July 24, 2015
A Bond Market Crisis Is Coming... Here's What to Do / Interest-Rates / US Bonds
By: DailyWealth
Dr. David Eifrig writes:
Wall Street is already sending warning signals about the next financial cataclysm. Analysts are using phrases like "liquidity crunch" and "crisis situation."
It could happen next week... or next month...
Predicting exactly how a crisis will happen is difficult. Predicting exactly when is impossible.
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Friday, July 24, 2015
Why There's Resistance to the Iran Nuclear Deal / Politics / Iran
By: ...
MoneyMorning.com
Dr. Kent Moors writes: Years ago, when I was doing monthly analysis on Iran's oil and gas industry, one of the biggest quandaries was trying to make market sense out of what came from the leadership in Tehran.
Well, the past 72 hours and the July 14 Iran nuclear deal have brought me back to those days.
Back then, it was not unusual for Iran's religious and political heads to shoot themselves in the foot economically every time they opened their mouths on policy matters. And Iran remains one of the most convoluted webs of power relationships and brokerages anywhere.
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Friday, July 24, 2015
Does Jewelry or Central Bank Demand Drive the Gold Price? / Commodities / Gold and Silver 2015
By: Arkadiusz_Sieron
We have already shown that neither mining production, nor technological demand drives gold prices, since gold – thanks to its uniquely high stock-to-flows – resembles an asset rather than commodity. Before we look at the drivers of gold investment demand, we have to analyze the role of jewelry demand and central bank buying in the gold price formation. These two categories are often considered as important drivers for the gold price, but are they really? Read full article... Read full article...
Friday, July 24, 2015
Absurd Gold Stock Levels / Commodities / Gold and Silver Stocks 2015
By: Zeal_LLC
Gold stocks suffered a full-blown panic this past week! This exceedingly-rare magnitude of selloff was triggered by extreme futures shorting intentionally executed to force a flash crash in gold. After gold’s major multi-year support failed in this Machiavellian onslaught, gold stocks plummeted. The levels of fear were so epic that this entire sector was slammed much deeper into fundamentally-absurd price territory.
Friday, July 24, 2015
Not Your Father’s Inflation / Interest-Rates / Global Debt Crisis 2015
By: Dr_Jeff_Lewis
“Profound ignorance masquerading as wisdom - all the worse from the mouths of the prestigious, the PhD, the Nobel Prize winner….” - UnknownIt’s time to revisit British economist Peter Warburton’s April 2001 classic tome “The debasement of world currency: It’s inflation but not as we know it“.
Our friend from GATA, Ed Steer brought it to attention once again.
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Friday, July 24, 2015
Gold Mining Stocks Nearing Rebound / Commodities / Gold and Silver Stocks 2015
By: Jordan_Roy_Byrne
Recently we've been writing about the downside potential in precious metals and the danger for precious metals bulls. The gold miners and Silver have led the rout while Gold finally cracked support ($1140-$1150/oz) last week. That led to a severe selloff across the complex. As we pen this on Thursday evening it appears Friday could be a nasty day if Gold breaks below $1080/oz. Nevertheless, the odds now favor a rebound in the weeks ahead and especially in the gold miners.
Friday, July 24, 2015
Gold Stock Carnage Continues Unabated / Commodities / Gold and Silver Stocks 2015
By: Dan_Norcini
There is still no sign of any serious buying occurring in the gold mining sector. The HUI continues to plummet lower and has fallen to levels last seen in October and November of 2002! This is simply astonishing for its ferocity.
Friday, July 24, 2015
Misperceptions Create Significant Bond Market Value / Interest-Rates / US Bonds
By: John_Mauldin
In today’s Outside the Box, my good friend Lacy Hunt of Hoisington Investment Management reminds us that since the 1990-91 recession, the 30-year Treasury bond yield has dropped from 9% to 3%, a downward move nearly identical to the decline in the rate of inflation, which fell from just over 6% in 1990 to 0% today. Therefore, Lacy says, “(I)t was the backdrop of shifting inflationary circumstances that once again determined the trend in long-term Treasury bond yields.”
Friday, July 24, 2015
Commodities Distressed Investing / Commodities / Investing 2015
By: John_Mauldin
When most people think of distressed investing, they think of buying CCC-rated bonds at 20 or 30 cents on the dollar, then maybe sitting in bankruptcy court to divvy up the capital structure, making healthy risk-adjusted returns in the end. You just need to hire a few lawyers.
Distressed investors are a different breed of cat. It’s one of those countercyclical businesses, like repo men, who do well when everyone else is getting hammered.
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Friday, July 24, 2015
What Blows Up Next? Part 1: Resource-Based Economies / Economics / Brazil
By: ...
MoneyMorning.com
The Great Recession and its aftermath was actually the best of times for countries with natural resources to sell. The US, Europe and Japan ran record deficits and cut interest rates to zero or thereabouts, sending hot money pouring into mining and energy projects around the world, while China borrowed (as it turned out) $15 trillion for an epic infrastructure build-out.
Friday, July 24, 2015
OPEC Shorts Are Driving Down the Crude Oil Price / Commodities / Crude Oil
By: ...
MoneyMorning.com
Dr. Kent Moors writes: The conflict between OPEC and U.S. shale/tight oil producers has entered a new phase. And the result has been an accelerated decline in oil prices.
Last November (on Thanksgiving no less), Saudi Arabia led an OPEC decision to hold production stable, followed by a later significant increase in volume. For the first time, the cartel had opted to protect market share rather than price.
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Friday, July 24, 2015
USD Index Rebounds / Currencies / US Dollar
By: Nadia_Simmons
Earlier today, the U.S. Department of Labor showed that the initial jobless claims in the week ending July 18 dropped by 26,000 to 255,000, beating analysts' expectations for a 1,000 drop. In this environment, the USD Index bounced off session's lows and came back above 97. What impact did this move have on the euro, pound and Swiss franc?
Friday, July 24, 2015
If You’re Worried About a Tech Bubble, You’re Focusing on the Wrong Thing / Companies / Tech Stocks
By: ...
MoneyMorning.com
Shah Gilani writes: Google Inc. (Nasdaq: GOOGL) made major headlines Friday when an upbeat “read” of the search giant’s earnings report ignited a 16% surge in the company’s stock price.
That single-session bump added a whopping $65 billion to Google’s market value. And this came just one day after shares of Netflix Inc. (Nasdaq: NFLX) – another tech darling – zoomed 18%.
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Friday, July 24, 2015
Gold Stocks Bear Market Bottom Buying Opportunity? - Video / Commodities / Gold and Silver Stocks 2015
By: Nadeem_Walayat
The early year gold price rally soon peaked in mid January 2015 at $1307 that had fooled many gold bugs into assuming that the preceding multi-year bear market was finally over and that 2015 would see a strong price rally to possibly even new all time highs! However, so far 2015 has seen a series of failed rally's rolling over into downtrends to new lows, punctuated by flash crash days such as that which took place on the 19th of July that saw a series of flash crashes that lasted no more than a couple of seconds that took the gold price to well under $1,100, to a new five year low of $1080 before recovering a little to $1,100.
Thursday, July 23, 2015
The Stealth War on the United States / Politics / Cyber War
By: Investment_U
Sean Brodrick writes: Late last month, Sony Corp. (NYSE: SNE) suffered the most catastrophic attack EVER on a U.S.-based company.
It was so epic in scale that analysts are calling it an act of war.
More details are coming out. And it may just be the tip of the iceberg.
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Thursday, July 23, 2015
Did Gold Stocks Just Bottom? / Commodities / Gold and Silver Stocks 2015
By: DailyWealth
Dr. Steve Sjuggerud writes: "Perhaps today was capitulation in the gold market," a CEO of a gold-mining company told me in an e-mail Monday evening...
Gold-exploration stocks had just lost 14% of their value in two days – based on the gold-exploration stocks fund, the Global X Gold Explorers Fund (GLDX). This CEO thought it could be the bottom in gold-exploration companies.
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Thursday, July 23, 2015
Gold and Silver Falling, Coiling - The Slow Blues / Commodities / Gold and Silver 2015
By: Jesse
"At its very inception this movement depended on the deception and betrayal of one's fellow man; even at that time it was inwardly corrupt and could support itself only by constant lies...
If at the start this cancerous growth in the nation was not particularly noticeable, it was only because there were still enough forces at work that operated for the good, so that it was kept under control. As it grew larger, however, and finally in an ultimate spurt of growth attained ruling power, the tumor broke open, as it were, and infected the whole body.
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Thursday, July 23, 2015
The Epicenter of the Next Global Financial Crisis - Financial Dreadnoughts / Stock-Markets / Credit Crisis 2015
By: Jesse
The 'trigger event' for the next crisis could be elsewhere, someplace distant, and out of the way. The first World War was ignited by a political assassination over a fractious disagreement in Sarajevo that engaged an international web of interconnections.
Granted that hubris was on a high note, particularly in Germany, and the system itself was fragile and deeply interwoven.
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Thursday, July 23, 2015
Commodity Prices, Gold and Silver Stocks Next Leg Down / Commodities / Commodities Trading
By: Rambus_Chartology
There is a lot to go over tonight in regards to commodities and the precious metals complex. A while back I wrote a report on the commodities in general getting ready for the next possible leg down which will fuel the deflationary pressures that really took hold last about this time. That's when the US dollar finally broke out of its massive base and charged higher topping out in March of this year and has been consolidating those gains ever since. Lets start by looking at the big base the US dollar broke out of last year at this time and the strong impulse move up as shown by the string of white candlesticks. That's what a strong impulse move looks like when all the pent up energy finally has a change to escape.
Thursday, July 23, 2015
Commodities Damage to BRICs Economic Cushion / Economics / Emerging Markets
By: Ashraf_Laidi
Aside from $ trillions in monetary stimulus from the world's major central banks, a major source to the recovery from the 2008-9 global financial crisis emerged from the BRICs economies. The dependence on commodities exports from Brazil, Russia and China proved instrumental in these economies' rapid comeback thanks to the cushion from rapid gains in agricultural and energy prices from 2002 to 2008. But now that agricultural commodities have crashed, metals crumbled and energy plummeted, what becomes of the BRICs engine to the world economy?
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