Monday, November 27, 2017
OPEC Will Extend The Production Cut / Commodities / Crude Oil
By: OilPrice_Com
There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world's largest oil producers are really determined to end the supply glut.
A failure to agree on the market remediation would cause oil prices to plummet immediately, forfeiting any gains that have been made in the last year.
Saudi Arabia needs $60 per barrel for its Aramco initial public offering to be a success in the second half of next year. It plans to sell just five percent of its prized company in the largest IPO in financial history, but a low price could force the country to sell a larger share, siphoning off government revenues at a time of strained budgets.
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Monday, November 27, 2017
Overcoming Decades of Missed Foreign Direct Investment in the Philippines / Economics / Asian Economies
By: Dan_Steinbock
Since the 1980s, economic success in Asia has often relied on foreign investment, at least initially. Last week, President Duterte took a decisive step toward that direction. Why has the change taken so long? And why is the devil in the details? In the third quarter, the Philippine economy grew 6.9%, which made it Asia’s second fastest-growing economy after Vietnam. But unlike Vietnam, which has reaped many benefits of foreign direct investment (FDI), the Philippines has not.
Again and again, former President Benigno Aquino III acknowledged the need to boost FDI during his reign. Yet, the main challenge to attract FDI has been the 60/40 foreign ownership law, which Aquino neglected to confront between 2010 and 2016.
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Monday, November 27, 2017
The Global Rise of Chinese Corporate Giants / Companies / China Stocks
By: Dan_Steinbock
Only a decade ago, Chinese companies accounted for barely 1 percent of the world’s largest companies and multinationals. Today, their share has grown by more than tenfold. After mid-November, Alibaba again won the highest ecommerce sales day in history on China’s Singles’ Day beating last year’s record by almost 40 percent – hitting some $25.4 billion.
In the United States, the 2016 combined Black Friday and Cyber Monday sales amounted to $6.5 billion, while Amazon’s 2017 Prime Day sales rose to $600 million to $1 billion range. Even combined, all of these revenues account for less than one-third of Alibaba’s Singles’ Day sales.
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Monday, November 27, 2017
The Insanity Of Stock Market Investors / Stock-Markets / Stock Market 2017
By: Avi_Gilburt
As I read articles in early 2016, the debate centered around how deep the “crash” is going to take us, and much of it was event-focused. As I now read articles as 2017 comes to an end, they are still discussing how deep the “crash” is going to take us, and it still remains event-focused. But, while many are debating that issue, I now see much debate on how high this market will take us.
When investors begin to turn towards the “how high” debate is the point in time where one must become truly worried about how high this market can take us. You see, market sentiment is a funny market driver. When the great majority of market participants speak in terms of inevitable crash, you should be looking for an imminent bottom. However, when the great majority are speaking in terms of “new paradigm,” or how the market will “certainly continue in its current trend,” then its time to begin to look towards a market top.
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Monday, November 27, 2017
Stock Market Bulls Beware - We Are Finally Closing In On A Top / Stock-Markets / Stock Market 2017
By: Avi_Gilburt
When former bears call for a “New Golden Age” of the stock market, with targets of the DOW set at 100,000, well, it is clearly time for bulls to beware.
In fact, the Dow 100,000 prediction of this former bear is explained as follows:
“This is not some pie in the sky prediction.
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Sunday, November 26, 2017
ISIS Last Stand; End Times for the Caliphate / Politics / ISIS Islamic State
By: Mike_Whitney
Hezbollah, recaptured the city of Abu Kamal in Deir Ezzor province. The city was the last bastion for the terrorist group, ISIS, which, at one time, controlled a vast swathe of land stretching from northern Iraq to central Syria. Now the group has been chased from its last urban hideaway and scattered across the arid wastelands like a nomadic tribe wandering the dessert. Abu Kamal was ISIS’s “last stand”, the final chance to fend off the advancing loyalist forces and reverse the course of the war. But the three-pronged attack proved to be too much for the demoralized jihadists who fled the city northward or surrendered to Syrian troops on the perimeter. Thus, ISIS no longer occupies any of the major towns or cities that once comprised the emerging Wahhabi proto-state. The group has been soundly defeated, its leadership is in tatters and the star-crossed Caliphate has met its end.
Sunday, November 26, 2017
Stock Market Minor Top / Stock-Markets / Stock Market 2017
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend – The bull market is continuing with no sign of a major top in sight.
Intermediate trend – Soon coming to an end – 2 wks?
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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Sunday, November 26, 2017
Bitcoin Soars To Nearly $9,000 As Cryptos Continue Massive Surge / Currencies / Bitcoin
By: Jeff_Berwick
Another day, another $20 billion rise in the value of the cryptocurrency space.
Ethereum and Bitcoin Cash played a big role in the rise of the space as a whole over the last few weeks and most cryptos were heavily in the green again today. But, today’s big rise in the overall market cap of the crypto space is mainly attributed to bitcoin rising another 8% today.
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Sunday, November 26, 2017
EURUSD Weekly Analysis / Currencies / Euro
By: Franco_Shao
EURUSD extended its bounce from 1.1554 to as high as 1.1944, breaking above 1.1879 resistance. Further rise to test test 1.2092 resistance would likely be seen in the coming days, a breakout of this level will confirm that the uptrend from 1.0340 (Jan 3 low) has resumed, then next target would be at 1.2500 area.
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Sunday, November 26, 2017
The Big Three Commodities : Copper, Oil and Gold / Commodities / Gold and Silver 2017
By: Rambus_Chartology
Tonight I would like to show you some long term charts for the big three, Copper, Oil and Gold. There are a lot of similarities between them which is strongly suggesting all three should be in new bull markets. The laggard is gold which has still not confirmed its new bull market but is getting closer as you will see. The key will be what the US dollar has up its sleeves so lets start with a daily chart for the US dollar.
The US dollar still hasn’t totally broken down yet, but it did have a failed inverse H&S bottom. It was a very beautiful and symmetrical H&S bottom that looked like it was going to reverse the downtrend that is right at a year old now. It had a nice clean breakout above the neckline with a clean backtest from above. All looked good. After a brief rally the US dollar declined once more to the neckline, but this time the neckline failed to hold support, strongly suggesting the H&S bottom was failing.
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Sunday, November 26, 2017
The ‘End of Dreams’, and the Saving of Appearances / Politics / Social Issues
By: Raul_I_Meijer
Once again, to my delight, we’re back with former British diplomat and MI6 ‘ranking figure’ Alastair Crooke and his Conflicts Forum organization. We posted a few of his articles this year and last. This time, Alastair writes a reaction to one of his own articles posted at Consortium News, which I included in the November 18 Debt Rattle at the Automatic Earth. My short comment then: “Former (and current?!) TAE contributor Alastair Crooke draws his conclusions.” This morning, the Conflicts Forum reached out again:
Dear Raul, We took the hint on a recent posting your site that referred to one of Alastair’s articles! …. and below is a comment piece he has done. It is an attempt to be strategic at where we’re going.
Anytime, guys! My first reaction to that piece was that Alastair makes Donald Trump and Jared Kushner’s role in the Saudi crackdown seem very large, which makes the role played by deep state America look small in comparison. And I’m not so sure about that. The riddle of ‘who’s playing who?’ is not a straightforward one. But that’s by no means a criticism (I ain’t criticizing no MI6!). It’s a question.
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Sunday, November 26, 2017
Sky Box Planner Rebuild Fix Technical Fault 7 (33) To Try and Fix Hard Drive Error / ConsumerWatch / How to Guides
By: HGR
If you suddenly get the technical fault 7 (33) or (30) error messages on your recordings, usually listed as partially recorded, which basically means the hard drive in your sky box is dieing that manifests itself in stuttering, freezing recordings that are near impossible to lost. However all is not lost because you can buy yourself some time to decide what to do next, upgrade or buy a replacement box as this video illustrates.
Saturday, November 25, 2017
Cryptocurrencies Continue To Break All-Time Highs / Currencies / Bitcoin
By: Jeff_Berwick
In the last 24 hours, cryptocurrencies have risen $12 billion in value to $264 billion.
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Saturday, November 25, 2017
Taxes, Macro Signals, Market Seasonality, US Stocks and Gold Miners / Stock-Markets / Financial Markets 2017
By: Gary_Tanashian
While politicians hammer out the details it is generally accepted that corporations and by extension the investor and asset owner classes are targeted for benefits under the coming Republican tax plan. The logical implication of that beneficial treatment is that barring a market meltdown in the interim, people looking to unload stock positions and take profits would tend to wait until January in hopes of gaining the 2018 tax benefit vs. 2017’s tax code.
Among the under performing sectors subject to tax loss selling in late 2017 I have selected the gold miners for this post because they tend to be counter-cyclical and “in the mirror” to the broad risk ‘on’ asset party currently ongoing. We have noted again and again that with the asset party in full swing the miners’ fundamentals cannot possibly look good, and at face value they don’t. Sector fundamentals like gold/oil and gold/materials ratios are not good and macro fundamentals like gold vs. stock markets, the economy (which is relatively strong) and the yield curve are not at all supportive either… as they currently stand.
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Saturday, November 25, 2017
Silver Mining Stocks Q3’17 Fundamentals / Commodities / Gold and Silver 2017
By: Zeal_LLC
The silver miners’ stocks have really languished this year, grinding sideways to lower for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q3’17 results reveal today’s silver prices remain profitable.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. These are generally due by 45 days after quarter-ends in the US and Canada. They offer true and clear snapshots of what’s really going on operationally, shattering the misconceptions bred by the ever-shifting winds of sentiment. There’s no silver-miner data that is more highly anticipated than quarterlies.
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Saturday, November 25, 2017
Bitcoin Price Moves above $8,000 to All-time High / Currencies / Bitcoin
By: Mike_McAra
The recent action in Bitcoin probably makes it relatively easy for the media to write stories about the currency. For some time now, we have consistently seen titles on Bitcoin’s sequence of all-time high and sometimes the move up is linked to the denial of a proposed change in the network, called SegWit2x. In an article on CNBC, we read:
Bitcoin hit a fresh all-time high Monday above the $8,000 mark after a wild week for the cryptocurrency.
On Monday around 12:25 p.m. London time, it hit a record high of $8,121.56, according to data from industry website CoinDesk. Bitcoin first broke the $8,000 handle on Sunday.
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Saturday, November 25, 2017
Buy Gold As Fed Shows Uncertainty And Concern Over Financial ‘Imbalances’ / Commodities / Gold and Silver 2017
By: GoldCore
– FOMC minutes show uncertainty and concern about markets are affecting officials’ decision-making
– Officials were cautious when evaluating market conditions and the ‘damaging effects on the economy’
– Worry about ‘potential buildup of financial imbalances’ and a sharp reversal in asset prices’
– Members seem oblivious to impact of inflation on households and savings
– Physical gold and silver remain the only assets for real diversification and safety
Friday, November 24, 2017
Stock Market Lemmings Are Heading Towards The Cliff… Again / Stock-Markets / Stock Market 2017
By: Gary_Savage
Did we learn nothing from the tech bubble?
The real estate bubble?
The energy bubble?
Apparently not, as here we go again. The next series of bubbles is now in progress (Bitcoin is the first).
Let me go over again the signs of a bubble. Price will usually rally at least 100% or more in a year or less. A clear sign of out of control human emotions.
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Friday, November 24, 2017
Stocks and Precious Metals Charts - Thanksgiving / Stock-Markets / Financial Markets 2017
By: Jesse
"At times our own light goes out and is rekindled by a spark from another person.
Each of us has cause to think with deep gratitude of those who have relighted the flame within us." Albert Schweitzer
"Gratitude is the most exquisite form of courtesy." Jacques Maritain
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Friday, November 24, 2017
Cryptocurrencies Happy Thanksgivine Blast Through A Quarter Trillion Dollar Market Cap / Currencies / Bitcoin
By: Jeff_Berwick
For some reason, most people are only thankful for a few days every year. Why they aren’t thankful and grateful for everything they have every day is anyone’s guess.
But, today is the day that most people celebrate a government mandated holiday based on mostly lies about how Europeans committed genocide on the North American continent.
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