Wednesday, January 10, 2018
Here are the Key Levels in Gold & Gold Miners / Commodities / Gold and Silver 2018
By: Jordan_Roy_Byrne
The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets.
The strength of the rebound pushed the miners well beyond their 200-day moving averages and to their June and October highs. GDX is consolidating just below $24 while GDXJ is consolidating just below $35. If this consolidation turns into a correction then GDX and GDXJ could find support at their 200-day moving averages which are at $22.71 and $33.37 respectively. As you can see, should GDX and GDXJ be able to exceed recent peaks then they could rally towards important resistance levels. Those are $25.50 for GDX and $38 for GDXJ.
Read full article... Read full article...
Wednesday, January 10, 2018
Outlook for Crude Oil Prices / Commodities / Crude Oil
By: Donald_W_Dony
Traders for Light crude oil continue to see higher price levels over the near term. Front-month futures prices reflect their bullish outlook (chart 1).
The expectation is for $63 to $65 per barrel by late Q1.
The one caveat is that U.S. production appears set to explode later this year.
Read full article... Read full article...
Tuesday, January 09, 2018
Investment Advice That Probably No One Gave You Before / Stock-Markets / Investing 2018
By: John_Mauldin
BY PATRICK WATSON: Welcome to 2018.
Now is the time for New Year’s resolutions, so you might have important financial decisions to make.
If so, here’s a suggestion: Pay attention to that ugly prospectus, policy, or other disclosure that comes with your new stock or fund purchase. As you’ll learn in this article, it could save you from making a costly mistake.
Read full article... Read full article...
Tuesday, January 09, 2018
Blockchain Makeover of a Penny Stock / Companies / BlockChain
By: EconMatters
Blockchain can sure blow smoke in your face mistaking a dog for a super model, at least in the case of Long Island Ice Tea Corp (LTEA) now rebranded to Long Blockchain (LBCC) on Nasdaq.
What would you do if you are the executive of a Nasdaq-listed company getting a “deficiency notice” from Nasdaq threatening to delist your company unless the market value rose above $35 million for 10 business days in a row? Long Island Ice Tea did receive such warning in October.
Tuesday, January 09, 2018
S&P 500 Sets Another Record, But This May Be Short-Term Top / Stock-Markets / Stock Markets 2018
By: Paul_Rejczak
Briefly:
Intraday trade: Our Monday's intraday trading outlook was bearish. It proved partly wrong, because the S&P 500 gained just 0.2% following slightly lower opening of the trading session. The broad stock market continued its short-term uptrend, but it remained within a relatively narrow trading range. There have been no confirmed negative signals so far. However, we can see some clear short-term overbought conditions along with an overly bullish investors' sentiment. Therefore, intraday short position is favored today. Stop-loss is at the level of 2,765 and potential profit target is at 2,710 (S&P 500 index).
Our intraday outlook is bearish today. Our short-term outlook is neutral, and our medium-term outlook is neutral:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
Tuesday, January 09, 2018
USD/JPY: Bank of Japan’s Yield Curve Control Could Weigh / Currencies / Japanese Yen
By: Submissions
Two years ago, the Bank of Japan (BoJ) took financial engineering into a whole new level by introducing the concept of “yield curve control” in an attempt to rescue the country’s declining economy. Basically, this policy aims to keep the central bank’s 10-year government bond yield at zero. In order to do this, BoJ has opted to buy enormous amounts of Japanese government bonds at 0.110 percent.
Tuesday, January 09, 2018
Failure of War Party Foreign Policy / Politics / US Politics
By: BATR
The continuous foreign policy failures of the entrenched establishment goes back well over a century. Notwithstanding, the missed opportunity with the collapse of the Soviet Communism has emboldened the war party of the American Empire to become the main existential threat not only to our own country, but to much of the rest of the world. The militarists who chant "Thank You for your Service" are actually committed to expand the Wounded Warrior dupes, who are expendable. The United States never learned the lessons of Viet Nam. Volunteering to fight in unnecessary foreign adventures has caused more gratuitous suffering than any improvised explosive device that blows off limbs.
Tuesday, January 09, 2018
Buying a Land Rover Discovery Sport HSE Black - Interior Review / ConsumerWatch / Motoring
By: N_Walayat
Thinking of buying a Land Rover? New or what about used? Well in this series I cover the real customer experience of what to expect when buying an approved used land rover. In today's video shot on day 1 of owning a 15 month Discovery Sport HSE Black we take a look at what to expect in terms of interior and what to check out for when viewing to buy.
Tuesday, January 09, 2018
How a Simple Line Can Improve Your Trading Success / InvestorEducation / Technical Analysis
By: EWI
Elliott Wave International's Jeffrey Kennedy explains many ways to use this basic chart tool
The following trading lesson has been adapted from Jeffrey Kennedy's eBook, "Trading the Line -- 5 Ways You Can Use Trendlines to Improve Your Trading Decisions."
"How to draw a trendline" is one of the first things traders and investors learn when they study technical analysis. Typically, they quickly move on to more advanced topics and too often discard this simplest of all technical tools.
Read full article... Read full article...
Tuesday, January 09, 2018
Gold Prices Choppy after Payrolls / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
The U.S. economy added only 148,000 jobs in December. Gold prices reacted in a choppy way, confusing some analysts. Why?
December Payrolls Disappoint
Total nonfarm payroll employment increased only 148,000 in December, the slowest pace in three months. The employment gains were generally widespread, but the biggest employers were construction (+30,000), leisure and hospitality (+29,000), education and health services (+28,000), and manufacturing (+25,000). The latter rise is a particularly bright spot, given the not-so-distant problems of the sector. On the other hand, retail trade cut 20,000 jobs, which confirms that some traditional brick-and-mortar stores struggle.
Read full article... Read full article...
Tuesday, January 09, 2018
More Important Than Gold’s Bottoming Price / Commodities / Gold and Silver 2018
By: P_Radomski_CFA
Time is more important than price. That’s what we – investors – are often made to believe regarding the future price movement. And rightfully so. The price could reach a bottom several dollars ahead of the predicted price target or it could break through it, leaving investors wondering, if there was a breakdown and thus they should expect to see another big downswing shortly. With time, things are clearer. The time for a given move is up and the price reverses. When is gold likely to finally bottom?
Between August and October 2018. That’s the most up-to-date estimate based on the data that we have right now. Here’s why (charts courtesy of http://stockcharts.com).
Read full article... Read full article...
Tuesday, January 09, 2018
Getting Bullish on Gold / Commodities / Gold and Silver 2018
By: The_Gold_Report
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss gold's recent moves and potential signs of a bull market.
Gold is up nine of the last 12 Januaries with an average gain of over 4%, and the trend has continued in 2018 with gold reaching an intraday high of $1,327 so far this year. From December 19 of last year, gold rose 10 trading days in a row. Is this another rally destined to disappoint investors or the resumption of the gold bull market?
Read full article... Read full article...
Tuesday, January 09, 2018
US Interest Rates Walking on Narrow Ledge / Interest-Rates / US Interest Rates
By: Michael_Pento
There is a huge shock in store for those who have been lulled to sleep by a stock market that has become accustomed to no volatility and only an upward direction. And that alarm bell can be found in the price action of Bitcoin, which recently tumbled over 40% is less than a week. For the implosion within the cryptocurrency world foreshadows what will happen with the major averages as the Federal Reserve futilely attempts to stop monetizing the exploding mountain of U.S. debt.
Tuesday, January 09, 2018
Share Market Is One Of The Most Encouraging Opportunity For Young And Old Alike To Make Profitable Investments / Stock-Markets / Stock Markets 2018
By: Kavinesh_A
Taking a count on the number of people who have benefited from the amount of shares that have been purchased, there are many certain levels of ideal benefits in investing for shares. The profit is one thing but the thrill of waiting is another level altogether. The ups and downs are always there but when it comes to the very foundation of having a stern yet disciplined outlook on investment, things can get quite real and always will suffice the very ideology of fulfilling desires of monetary value. In realizing the importance of shares, one needs to be really on top of the game that will garner them enough support in making it easily possible for anyone to breathe easy on terms of realizing the very possibilities of profitable investments.Read full article... Read full article...
Monday, January 08, 2018
Stock Market Close Call... / Stock-Markets / Stock Markets 2018
By: Anthony_Cherniawski
Good Morning!
SPX opened down…and in the nick of time, since the current Wave structure is invalidated above 2743.80. The alternate Wave structure goes much higher, thus my hesitation in writing until the open.
One measure that I missed is that Super Cycle Wave (b) is 2.618 time the size of Super Cycle Wave (a) at 2720.56. Again, using Elliott Wave, one must compare the Waves at the same degree. This is a flaw of Northman Trader that many will not pick up on.
Read full article... Read full article...
Monday, January 08, 2018
If You Hold VT Or Any Other Global ETF, You’ve Put All Your Eggs In One Basket / Companies / Emerging Markets
By: John_Mauldin
BY OLIVIER GARRET : The growth of ETFs since the Global Financial Crisis has been staggering.
Total ETF assets under management is now approaching US $5 trillion, a 400% increase from the $1 trillion held in 2009.
Investors now have access to over 7,000 ETF/ETP products. To put that number in perspective, there are only 2,400 stocks listed on the New York Stock Exchange.
Read full article... Read full article...
Monday, January 08, 2018
Why Trump’s Tax Plan Might Be Counterproductive / Politics / Taxes
By: John_Mauldin
Whether you like Trump or not, the new administration is making some good things happen.
The combined impact of deregulation, tax cuts, and (possibly) infrastructure spending will push back against the Fed’s monetary tightening and keep the economy on roughly the same course as in 2017.
If the Republican tax bill isn’t what you wanted, join the club—I was a charter member as my Thoughts from the Frontline readers know.
Read full article... Read full article...
Monday, January 08, 2018
Blowup with China or North Korea Could Change Almost Everything Overnight / Politics / GeoPolitics
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome in Gordon Chang, author, television pundit, and columnist at the Daily Beast. Gordon is a frequent guest on Fox News, CNBC, and CNN, among others, and is one of the foremost experts on Asian economics and geopolitics, having written books on the subject and it's great to have him back on with us.
Gordon, it's a real honor to have you on again, and thanks so much for your time today. I know it's been a busy week for you given all of your media appearances, and we're grateful that you could join us today. How are you?
Gordon Chang: I'm fine, thank you, and thank you so much, Mike. I really appreciate the opportunity.
Read full article... Read full article...
Monday, January 08, 2018
UK Base Interest Rate Rise Aftermath Sees Mortgage Competition Slow / Interest-Rates / UK Interest Rates
By: MoneyFacts
Moneyfacts UK Mortgage Trends Treasury Report data (not yet published) reveals a sharp slowdown in mortgage competition, just two short months after the Bank of England increased the base rate.
Read full article... Read full article...
Monday, January 08, 2018
The Real LORAX and Once-ler's of Sheffield's Street Tree Felling's / Local / Sheffield
By: N_Walayat
I am sure many will have watched the LORAX
movie with their children that acts as a warning of what can go wrong when corporate greed runs rampant resulting in the destruction of the environment. Unfortunately the people of Sheffield find themselves in a similar predicament as thousands of street trees are being felled by a corporate Once-ler giant named AMEY. In response to which many of Sheffield's ordinary citizens have turned into real life LORAX who speak for Sheffield's street trees. Against whom are martialed the forces of the establishment, a Labour controlled city council and it's £2.2 billion PFI contractor Amey. Where we have been increasingly witnessing the deployment of measures on the streets that go far beyond the realms of what one would expect from a British local city council, instead which resembles private militias roaming the streets along with their green vested evidence gatherers akin to something out of an eastern european dictatorship.