Friday, August 25, 2017
Are Precious Metals About To Go Parabolic? / Commodities / Gold and Silver 2017
By: Avi_Gilburt
With the metals providing us with the pullback we were expecting in our report last weekend (Aug 12-13), they continued to push higher from that pullback. Moreover, the structure continues to look quite bullish. However, the only question the market has yet to answer is if we see one more drop before the parabolic rally commences, or if we simply begin to rally strongly from here.
Read full article... Read full article...
Friday, August 25, 2017
Gold versus Bitcoin BTC / Commodities / Gold and Silver 2017
By: SurfCity
I don’t want to start a religious war here but clearly in 2017, BitCoin has vastly outperformed Gold as my first chart shows. I am still very positive that Gold and the PM sector will have its time in the sun again, but GBTC has given me another asset to trade while Gold and PMs have largely consolidated sideways for most of the year.
That said, the move in BitCoin appears to me to be in Wave 5 of an Elliott Wave pattern which will lead to a major top. Once it tops, according to Mr. Elliott, we will very likely see an ABC correction which will move price much lower than most expect. That is what is needed to re-set investor sentiment to bearish so the next leg up can begin. My second chart on GBTC shows the Wave 3 and 5 Parabola’s on the chart. These never end well but I will be doing my best to squeeze as much out of this Wave 5 move as I can.
Read full article... Read full article...
Friday, August 25, 2017
Crude Oil – Declining Inventories vs. Climbing Production / Commodities / Crude Oil
By: Nadia_Simmons
On Wednesday, light crude gained 1.21% after the EIA weekly report showed declines in crude oil and gasoline inventories. As a result, the black gold came back above the lower border of the trend channel, but can we trust this increase?
Friday, August 25, 2017
Grant Williams: History Is About to Repeat Itself Again… and It Might Get Ugly / Commodities / Gold and Silver 2017
By: HAA
Shannara Johnson writes: Grant Williams believes that the 76 million retiring Baby Boomers will trigger a major pension crisis. He should know, because he’s been studying financial history and telltale crisis patterns for nearly two decades.
“With that potentially bad situation we could face,” the seasoned asset manager and co-founder of Real Vision TV said in a recent Metal Masters interview, “holding physical metal, somewhere safe, somewhere outside the banking system, is just a sensible precaution to take.”
Read full article... Read full article...
Friday, August 25, 2017
What Financial Conditions Tell Us (Two Charts and a Prediction) / Stock-Markets / Stock Market 2017
By: F_F_Wiley
It seems every bank, including central banks, publishes a financial conditions index these days. And because financial conditions typically lead the economy, it makes sense to track them. In fact, they might contain even more information than they get credit for. They might offer the elusive “crystal ball” that foretells our economic fortunes.
Friday, August 25, 2017
4 Charts Show Why You Should Run Away From The Stock Market S&P 500 / Stock-Markets / Stock Market 2017
By: John_Mauldin
BY JOHN MAULDIN : My friend James Montier, now at GMO, and his associate Matt Kadnar have written a compelling piece on why passive investors should avoid the S&P 500.
Their essay argues that the forward growth potential of the S&P 500 is significantly lower than that of other opportunities, especially emerging markets.
Let’s look at a few of their charts.
Read full article... Read full article...
Thursday, August 24, 2017
New Eastern Energy Cartel Replacement To The Dead Petro-Dollar / Currencies / US Dollar
By: Jim_Willie_CB
The Petro-Dollar is dead. It had served so well for over 40 years in maintaining the USDollar as global currency reserve, while keeping tight the controls on geopolitical power. The link between crude oil and the USDollar has been broken, painfully evident since 2016 with a harsh price decline that cannot rise about the $50 level. It remains stuck below that level despite heavy collusion in a demonstration that OPEC is dead defunct also. A void has been created in the energy sector, a most important sector. Enter Russia & China to fill the void. Both the crude oil market and the natural gas market have new alliances which feature nations acting in a cooperative manner. The common element is Russia on the production side, complete with pipeline arrays.
Thursday, August 24, 2017
Cyberwar Risk - Was U.S. Navy Warship Victim Of Hacking? / Politics / Cyber War
By: GoldCore
– U.S. Navy collisions: More than a coincidence?
– Latest U.S. Navy collision is fourth involving a Seventh Fleet warship this year
– Have US Navy vessels become victims of hacking asks Rickards
– Chief of Naval Operations, Adm. John Richardson, has not ruled out cyber intrusion
– “Once is happenstance. Twice is coincidence. The third time it’s enemy action…” – Ian Fleming
Thursday, August 24, 2017
GCSE Exam Results 2017 School SHOCK - Video / Personal_Finance / Education
By: N_Walayat
Here is a taste of what it was like for Britain's 16 year olds on GCSE exam results day. Off early to school but not too early to avoid the first mad dash to collect the exam results. Find out if this 16 year old, one of 600,000 today was in for a shock result, good or bad, find out in this video.
Thursday, August 24, 2017
The Next Oil Price Spike May Cripple The Industry / Commodities / Crude Oil
By: OilPrice_Com
Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be "lower for longer", or even "lower forever", as the electrification of transport will eat away at oil demand more and more while, at the same time, technological innovation (shale in particular) will greatly increase economically recoverable resources. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields, development of greenfields, and exploration for new resources.
Thursday, August 24, 2017
USDCHF Is Waiting For Breakout / Currencies / Forex Trading
By: Franco_Shao
USDCHF moved sideways in a trading range between 0.9583 and 0.9772 on the 4-hour chart for several weeks. All we can do is wait for the breakout to occur.
Thursday, August 24, 2017
Conspiracy Theorists Can Relax! Steve Mnuchin Peers Through Ft. Knox Window And Confirms Gold Is Still There! / Commodities / Gold and Silver 2017
By: Jeff_Berwick
Imagine it was 1937 and you stored your gold with someone… let’s call them Uncle Sam.
After about 20 years you told Sam that you’d like to see the gold and make sure it was still there. He said sure; you can come and take a quick look. And you did… and you were satisfied that it looked like the gold was still there.
Decades then went by… more than 40 years in fact… and you told Sam that you’d like to make sure the gold is still there.
Read full article... Read full article...
Thursday, August 24, 2017
Trump’s Fall - The Eclipse of the Presidency? / Politics / US Politics
By: Dan_Steinbock
As violent demonstrations linger domestically and nuclear risks loom abroad, the White House has flamed new domestic divisions, while paving the way for international trade wars. The coming fall will be the hottest - and potentially most violent - in decades in America. America is amid a great unease. While Charlottesville’s white supremacists and violent riots brought forward old race divisions and seemingly new hate groups, North Korea’s nuclear threats prevail.
In the fall, the White House and the Congress must also cope with a set of political time bombs, including the impending fight for the nation’s debt ceiling (US debt amounts to $20 trillion, or 105% of GDP), the 2018 federal budget, polarizing tax reforms, infrastructure spending and possibly another effort to overthrow Obamacare (i.e., The Patient Protection and Affordable Care Act, ACA).
Read full article... Read full article...
Thursday, August 24, 2017
Bridlington Harbour, Child Injured on Purla Speed Boat August 2017 / Politics / Holidays
By: N_Walayat
Everyone loves going to the sea side on a hot summers day. Just be careful if you pop down to Bridlington Harbour and decide to take a ride on the speed boats such as Purla, as our experience was that they cram too many people onto the boat i.e. 5 on the front row. Unfortunately this increases the risks of getting injured as was 12 year old Sami's experience.
The problem is that if your sat at to close to the ends of the front row then there is a good chance your going to get your face banged on the rim that curves round to the front, especially if your a child. Luckily it could have been worse. Also the staff just wanted us to move on because our bleeding son was apparently putting off other people from riding their speed boat, even shouting at us to move on!
Read full article... Read full article...
Thursday, August 24, 2017
The Dow Is Down But Not Yet Out / Stock-Markets / Stock Market 2017
By: Submissions
Mike Golembesky writes: The Dow Jones Industrial Average has moved down close to 600 points off of the high that was struck on August 8th into August 21st lows. Now in percentage terms, this 600 point move is quite a small only representing a move of just 2.6%. In fact, at today’s close, the Dow was only down some 1.2% off of the August 8th high. Furthermore, the move down into the August 21st lows has still not even breached the top of the upper support zone.
Read full article... Read full article...
Thursday, August 24, 2017
China's Get the Gold Plan: Part II / Commodities / Gold and Silver 2017
By: MoneyMetals
By David Smith : Money Metals readers may remember my November 2014 report in which I discussed how gold flowed into China in "tributary fashion" like small streams flowing into a giant one. In this case, the gold has been streaming into China's increasingly massive thousands-of-tons gold hoard.
In January, 2015, I penned an essay titled "China's Global Gold Supply "Game of Stones" outlining China's long-range goal to dominate the world's physical gold market.
Read full article... Read full article...
Thursday, August 24, 2017
Urgent: “Double Play” Energy Profit Scenario Is Now Rapidly Unfolding / Commodities / Lithium
By: WallStreetNation
....
Thursday, August 24, 2017
GCSE Exam Results 2017, Silverdale School, Sheffield - Adnaan's Story / Politics / Education
By: N_Walayat
It's GCSE results day today, so 16 year olds across England and Wales will have been busy popping down to their secondary schools to find out if they managed to get their requisite GCSE grades for the courses they intend enrolling on for September start.
Overall minimum pass grades awarded of C/4 are marginally down on last year by 0.6% to 72%. Whilst a C is a pass, given the competition to get accepted on courses then the ultimate objectives are to achieve the A* and 9 grades for selected subjects. So if a student is choosing to enrol on 3 A-levels in September than objective would be to achieve 3 A*'s in those 3 chosen subjects as a sign of having the capability in achieving a similar grade at A level.
Read full article... Read full article...
Wednesday, August 23, 2017
These 2 Charts Reinforce My Belief That We’ll Face A Recession In 12–18 Months / Economics / Recession 2018
By: John_Mauldin
Stock valuations are the discounted values of future earnings. Future earnings depend on future revenue, which may diminish whenever the future includes a recession. So, broad economic conditions are a big factor to watch in stock valuation.
Broad economic conditions depend ultimately on the consumer’s ability and willingness to spend money. And July’s retail sales report gave us a peek at that.
Read full article... Read full article...
Wednesday, August 23, 2017
Global Financial Crisis 10 Years On: Gold Rises 100% from $650 to $1,300 / Commodities / Gold and Silver 2017
By: GoldCore
– Gold up over 100% in major currencies since financial crisis
– Gold up 100% in dollars, 124% in euros and surged 200% in sterling
– Gold has outperformed equity, bonds and most assets
– Gold remains an important safe-haven in long term