Wednesday, September 11, 2019
Boris Johnson a Crippled Prime Minister / Politics / UK Politics
By: Nadeem_Walayat
Following the ejection from office of the worst Prime Minister in British History, finally a person who actually voted LEAVE took hold of the leadership of the Tory party and the keys to No10 as correctly forecast in my series of articles dating back to November 2018 which offered great betting market odds of as much as 6-1 to capitalise upon.
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Wednesday, September 11, 2019
Gold Significant Correction Has Started / Commodities / Gold & Silver 2019
By: Clive_Maund
Technical analyst Clive Maund discusses the factors he sees pulling gold down. Although a major precious metals sector bull market has certainly started, various fundamental and technical factors came together last week to suggest that a significant correction to the recent strong run-up has now started.
The main fundamental development was the announcement that there will be a Trade War summit between China and the U.S. early next month, with hopes being expressed that this may lead to compromise or some kind of truce. Whilst the chances of improvement may be slim, the market has got what it wants for now which is hope, and this hope should continue at least until this meeting, which provides the excuse for the markets to go "risk on" until then, which is why the stock market broke higher last week, delaying but not eliminating our crash scenario.
A return to "risk on" is clearly not good for the precious metals, which, until last week, had been benefiting from a flight to safety as had the dollar, creating the unusual situation where the dollar and gold were rising at the same time. Now, in a risk on environment they are suddenly out of favor again.
In addition to this fundamental argument we have a range of technical indicators pointing to a correction in the precious metals sector that we will now look at. They include its overbought status, overly bullish sentiment readings and COTs showing extreme readings.
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Wednesday, September 11, 2019
Reasons To Follow Experienced Traders In Automated Trading / InvestorEducation / Learn to Trade
By: Sumeet_Manhas
With a software placing trades on your behalf, it’s highly likely to get tempted to shut the computer off and remain carefree. However as convenient as automated trading might seem, keeping several aspects unattended can doom your trading goals. It can take years of research to figure out the best trading strategy and back testing these potential strategies with a reliable software is a must before taking a leap into algorithmic trading.
If you’ve recently stepped into Forex trading, getting yourself equipped with several tried and tested strategies from experienced traders becomes a must. This article lists ways newbies can benefit from looking upon those who hold a remarkable experience in automated trading.
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Wednesday, September 11, 2019
Silver's Sharp Reaction Back / Commodities / Gold & Silver 2019
By: Clive_Maund
Silver reacted back sharply on Thursday and Friday after a parabolic blowoff top. This was not a final top, but it does indicate that silver needs to take a rest and consolidate/react back, probably for at least several weeks.
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Wednesday, September 11, 2019
2020 Will Be the Most Volatile Market Year in History / Stock-Markets / Financial Markets 2020
By: John_Mauldin
The last few weeks marked a turning point in the global economy.It’s more than the trade war. A sense of vulnerability is replacing the previous confidence—and with good reason.
We are vulnerable, and we’ll be lucky to get through the 2020s without major damage.
Let’s talk about the risks facing us in the next year or so and the economic environment in which we will face those risks.
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Tuesday, September 10, 2019
Westminister BrExit Extreme Chaos Puts Britain into a Pre-Civil War State / Politics / BrExit
By: Nadeem_Walayat
Usually the primary driver for currency market trends tends to be economics and geopolitics, but for Britain the primary driver for sterling's trend has been BrExit CHOAS, where just when you thought things couldn't get any more chaotic the clowns in Westminster up the anti to a new level. The battle that has waged since the people of Britain voted by 52% to 48% to LEAVE the European Union has been one of a REMAIN establishment (70% of MP's) seeking every trick in the book to SUBVERT Brexit. That started the ball rolling with the selection of Remainer Theresa May who would turn out to be the worst Prime MInister in British history.
Tuesday, September 10, 2019
Gold to Correct as Stocks Rally / Commodities / Gold & Silver 2019
By: Jordan_Roy_Byrne
It has taken a few weeks to play out but our warning of a correction in precious metals (first on August 18) is coming to pass.
Last week Gold, Silver and GDX all formed big bearish reversals at multi-year resistance levels. Yes, these resistance levels (Gold $1550, Silver $18.50, GDX 31) date back to 2013.
Bonds and precious metals have benefitted from the shift in Fed policy as well as fears of recession and growth in negative interest rate bonds.
These drivers could pause or shift temporarily and that would be supportive of stocks and not precious metals. Let me explain.
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Tuesday, September 10, 2019
Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO / Stock-Markets / Financial Markets 2019
By: Raymond_Matison
It is the goal of this article to project the current financial, economic, and geopolitical trends to a logical and credible future outcome. Some of these trends such as in demographics have been in motion for decades, while other trends such as those for negative interest rates have been developing for a much shorter time frame. Pension asset accumulation and eventual payout also extend over decades, and therefore are reasonably predictable. Even money and credit creation trends by the FED have been in place for a long period of time. Finally, the extended bubble market in fixed income and equities, in light of slowing economic trends, provides some assurance to future price expectations.
It is anticipated that a market decline in global economic activity will reduce fixed income and equity prices such that it will start an unvirtuous cycle between the consumer as driver to the economy and financial markets. Market declines will become noticeable by negatively affecting pension asset accounts and actual payouts. Demographic trends will frustrate maintaining our Social Security viable, and severe measures will need to be taken. State, municipal, teacher, corporate and individual pensions are already falling short of their promises. The FED has a publicized goal of increasing inflation, while the President wants a weaker dollar. They will both succeed. By the time that we exit from the coming Great Global Recession, our dollar very likely will no longer be the world’s leading reserve currency, which will result in a dramatic decline in the purchasing power of the dollar affecting negatively domestic and foreign dollar asset holders, or those receiving pensions in dollars. The world will have become financially and geopolitically multipolar resulting in a new world order.
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Tuesday, September 10, 2019
Stock Market Sector Rotation Giving Mixed Signals About The Future / Stock-Markets / Stock Markets 2019
By: Chris_Vermeulen
It seemed the markets wanted to make a point to alert us that volatility may be here to stay very early in trading this week. After a fairly flat overnight session with very little price volatility, the markets opened up to a moderately large price rotation (first downward, then back higher) before settling into a broader downside move in the early afternoon in New York. The interesting facet of this move is that it seemed to be related to price valuations and expectations in certain sectors. Before we get into the details, be sure to opt-in to my Free Market Forecast and Trade Ideas Newsletter so stay on top of these market moves.
As we’ve been suggesting for many weeks and months, we are not out of the woods quite yet. The US markets may be subject to more price volatility than we have considered while the continued Capital Shift (foreign capital pouring into the US markets) may also be shifting. One thing is certain, now is not the time to try to set up positional trades in the market expecting longer-term price trends to set up and run over the next few months. This appears to be a traders market where skilled technical traders will shine by finding opportunities and executing very skilled and targeted trades for profits.
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Tuesday, September 10, 2019
The Online Gaming Industry is Going Up / Companies / Online Gambling
By: Submissions
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Tuesday, September 10, 2019
The Unknown Tech Stock Transforming The Internet / Companies / Tech Stocks
By: OilPrice_Com
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Tuesday, September 10, 2019
More Wall Street Propaganda / Stock-Markets / Financial Markets 2019
By: Michael_Pento
One of the best examples of Wall Street’s propaganda machine at work is its willingness to dismiss recessionary signals. The inverted yield curve is a perfect example. Case in point, look at the story that was put out on Market Watch dated November 27th 2006—exactly one year before the Great Recession officially began, the stock market started its decline of more than half and the global economy started to collapse.
Here’s how some on Wall Street and the Fed described what was happening on the precipice of the global financial crisis regarding the inversion of the yield curve at that time: “Bernanke, and his predecessor Alan Greenspan, have attributed the inverted yield curve to a ‘global savings glut’ that has sparked fervid demand for Treasuries and U.S. corporate bonds. Economists have noted that this buying spree is inconsistent with the possibility of a looming recession. In the past inverted yield curves have been harbingers of recession, but a number of economists, including Federal Reserve Chairman Ben Bernanke, do not think this is the case in the present instance.”
Tuesday, September 10, 2019
Stock Market Bears Close to Nail-in-Coffin Moment / Stock-Markets / Stock Markets 2020
By: Ricky_Wen
The first week of September played out as a picture perfect breakout continuation to our upside targets. If you recall, the final week of August showcased a massive weekly bull engulf candle that basically eclipsed/retraced all the losses of the prior 3 weeks of August for the monthly closing print. This meant that the bears failed, so it’s time for the bulls to launch their counterattack and nail in the coffin of the bears.
During the first week of September, the bulls did just that as they accomplished their ‘hold half and go’ upside continuation setup on Tuesday, holding between the 38.2% and 50% standard fib retracement of the last week of August’s range with the 2889 low on the Emini S&P 500 (ES). On Wednesday night, the bulls proceeded with the decisive breakout above the 2930s-2940s resistance zone, which was the key massive resistance/supply zone of the past 3-4 weeks. The usual feedback loop squeeze setup triggered a vicious cycle of stop-outs and chasers into the 2955 and 2970 continuation targets within minutes.
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Monday, September 09, 2019
UUP Bullish Cycles from May 2011 lows / Currencies / US Dollar
By: ElliottWaveForecast
Firstly the dollar tracking ETF fund UUP inception date was 2/20/2007. Interestingly the dollar index has a low in March 2008. The UUP ETF fund shows a low in May 2011. The dollar index did make a pullback cycle low in May 2011 however it was well above the March 2008 lows. The bullish cycle up from the May 2011 lows in UUP is the focus of this analysis where it begins on the weekly chart. It should see some further upside before any larger size pullbacks relative to the longer term cycles.
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Monday, September 09, 2019
Stock Market Price Structure Still Suggests We Are Within Volatile Rotation / Stock-Markets / Stock Markets 2019
By: Chris_Vermeulen
This shortened holiday week has been full of crazy price rotation, political intrigue, surprise news events and, we are certain, full of headaches for some traders. Still, we managed to pull out four consistently profitable trades for our members by sticking to our proven trading systems and deploying effective position sizing techniques. Not a bad week for us at all.
Today, we are writing this research post to highlight that price is still not “out of the woods” in terms of price structure and/or price rotation. Yes, there was quite a bit of external news that drove prices higher on Thursday and Friday (BREXIT, Earnings, and China decreasing the lending rates as well as decreasing bank asset levels in an effort to prompt more lending). These news items continue to drive price action and rotation. The VIX has settled at 15.00 as of Friday – the lowest level seen since early August 2019. Our opinion is that this is just a brief pause before more chaos hits the markets.
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Monday, September 09, 2019
Buying Pullbacks in Silver & Gold / Commodities / Gold & Silver 2019
By: Avi_Gilburt
By Andy Hecht : After a very bullish summer, it was a week of reversals in the metals markets. The impact of gravity hit the gold and silver markets late last week after both had made new highs. Meanwhile, copper went the other way as the early week new low led to a significant price recovery by the end of the week.
The daily chart of December gold futures highlights the move to a marginal new high at $1566.20 on September 4 that gave way to the selling that dropped price by over $50. Gold has held the $1500 level so far, but time will tell if the reversal on the weekly chart brings a new wave of selling next week.
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Monday, September 09, 2019
Government Spending - The High Price of a "Free Lunch" / Economics / Economic Theory
By: Frank_Hollenbeck
One of the Ten Commandments is “thou shalt not steal,” and theft is generally condemned in most religions, yet our religious leaders and followers have essentially turned a blind eye to government theft.
Based on a policy of envy, Bernie Sanders, for example, has bluntly stated he intends to tax the rich to fund his programs, as though the word rich itself justifies theft. The current crop of other democratic candidates is offering a beehive of free programs without any real discussion on how to pay for them.
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Monday, September 09, 2019
Don't Worry About a Recession / Economics / US Economy
By: Steve_H_Hanke
Everyone seems to be wringing their hands about what they fear is an oncoming recession. Indeed, as a sign of the level of the public’s angst, The Economist magazine reports that Google searches related to the word “recession” have surged.
If that wasn’t enough evidence of the hand wringing, the Chairman of President Trump’s Council of Economic Advisers, the respected Tomas Philipson, recently indicated that he was worried about the steady negative drumbeat in the press: that a recession might be just around the corner. Philipson put his finger on the problem when he said, “The way the media reports the weather won’t impact whether the sun shines tomorrow. But the way the media reports on our economy weighs on consumer sentiment, which feeds into consumer purchases and investments.”
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Monday, September 09, 2019
Large Drop in Stocks, Big Rally in Gold and Silver / Commodities / Gold & Silver 2019
By: Brad_Gudgeon
The week ahead, looks treacherous for the stock market, but should be a boon for gold, silver and share mining stocks. The cycles, waves and astro aspects are coming together nicely for a possible quick 6% drop on the S&P 500.
The SPX chart below shows the 16 TD top on Sept 5, along with a first quarter moon and Bradley turn. We are going into the 5/35 week cycle low in a 4 year cycle low from late 2015 due Monday-Friday (9/9-13). These usually go lower than the previous 10 week low that occurred on Aug 5. I don’t believe we go much below 2780 as an extreme target, perhaps as much as 42 points below the August 5 low of 2822.
Monday, September 09, 2019
Stock Market Still Treading Water / Stock-Markets / Stock Markets 2019
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend – Finallong-term phase on the way? How much longer, is the question.
Intermediate trend – We have started a correction of intermediate nature.
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 discusses the course of longer market trends.
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