Sunday, August 27, 2017
USD Super Cycle Update / Currencies / US Dollar
By: SurfCity
My first chart is a 27 year Weekly showing a Fractal comparing the price action we are seeing today against the USD’s last Super Cycle top in 2001. The USD’s Super Cycles last 15 years Low to Low on average and my chart shows the critical role that the 200wma plays in the USD’s Bull and Bear phases.
Clearly, the USD is teetering at critical support right now as my chart shows what happened the last tine in 2002 when it lost this key, long term, moving average. My second weekly chart shows a close up of the current Fractal Blue box in my first chart.
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Sunday, August 27, 2017
Jackson Hole and the Appalachians / Interest-Rates / Central Banks
By: Raul_I_Meijer
The Jackson Hole gathering of central bankers and other economics big shots is on again. They all still like themselves very much. Apart from a pesky inflation problem that none of them can get a grip on, they publicly maintain that they’re doing great, and they’re saving the planet (doing God’s work is already taken).
But the inflation problem lies in the fact that they don’t know what inflation is, and they’re just as knowledgeable when it comes to all other issues. They get sent tons of numbers and stats, and then compare these to their economic models. They don’t understand economics, and they’re not interested in trying to understand it. All they want is for the numbers to fit the models, and if they don’t, get different numbers.
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Sunday, August 27, 2017
The Fed Just Admitted It No Longer Has a Clue What’s Going On / Stock-Markets / Stock Market 2017
By: Graham_Summers
The Fed July FOMC minutes, that were released last week, were nothing short of extraordinary. However, to fully appreciate just what the Fed admitted, we first need a little background.
From November 2016 until June 2017, the Fed was pushing a hawkish agenda. The running mantra at this time was that the Fed would raise rates 3-4 times in 2017. As the year progressed, the Fed also began talking about shrinking its balance sheet.
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Sunday, August 27, 2017
Buckle Up, Here Comes the REAL Stock Market Price Action We’ve Been Waiting For / Stock-Markets / Stock Market 2017
By: Graham_Summers
As we noted yesterday, every stock market correction follows a particular pattern. That pattern is:
1) The initial decline
2) The bounce
3) The REAL decline
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Sunday, August 27, 2017
Why Can’t Wheeler-Dealer Trump Cut a Deal with North Korea? / Politics / North Korea
By: Mike_Whitney
The United States and South Korea are currently engaged in large-scale, joint-military war games that simulate an invasion of the North, the destruction of the DPRK’s nuclear weapons sites, and a “decapitation operation” to take out the supreme leader, Kim Jong-un. The objective of the operation is to intensify tensions between North and South thereby justifying the continued US occupation of the peninsula and the permanent division of the country.
Sunday, August 27, 2017
Gold Stocks Quietly Leading Gold Price / Commodities / Gold and Silver Stocks 2017
By: Jordan_Roy_Byrne
Welcome to the dog days of summer. The low volatility in precious metals continues. Janet Yellen or some other Fed heads said something Friday. Precious Metals sold off but quickly recovered. It appears that not much has transpired in recent weeks as precious metals have grinded higher, albeit slowly. However, while it may be a fledgling development, the miners appear to be leading Gold now.
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Sunday, August 27, 2017
Where to Find Value in an Overheated Stock Market / Stock-Markets / Stock Market 2017
By: Charles_Sizemore
“Private equity” can conjure entertaining mental images. I’ve often asked friends to describe what comes to mind for them when I mention the phrase.Here’s a sampling of what they’ve said: An older man in a fancy suit enjoying a single-malt scotch in a private New England club… who takes perverse pleasure in looting a company of its assets before firing all the employees and selling whatever’s left for spare parts. (It’s the old “buy, strip, and flip” routine.)
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Sunday, August 27, 2017
Bridlington Summer Seaside Bank Holiday Fun Ends in Nightmare - Tourists Beware! / Politics / Holidays
By: N_Walayat
The long Bank Holiday weekend is well underway, and many day trippers can be expected to hit the coastal seaside towns such as Bridlington. Whilst it's a time of letting ones hair down and relaxing. However don't make the mistake of letting your guard down too much as seaside fun could easily turn into a nightmare day trip.
Saturday, August 26, 2017
Could the Total Eclipse Sign a Major Financial Markets Turning Point? / Stock-Markets / Financial Markets 2017
By: Harry_Dent
Were you one of the lucky ones able to witness the total eclipse yesterday, as it moved on its west to east path across the middle of the U.S.? Whether you did or not, there’s probably something about this event that you HAVEN’T heard…My friend Andrew Pancholi, cycle whiz from London and creator of the Market Timing Report, recently told me that yesterday’s path of totality across the U.S. looked eerily similar to the one that occurred at the beginning of the Civil War… and that this could signal America as the starting point to broader civil wars and political restructurings around the globe.
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Saturday, August 26, 2017
Racism & Divisiveness: The Real-Life Economic Solutions / Politics / Social Issues
By: Harry_Dent
As a new generation emerges into the workforce, it brings with it revolution, be it technological, social, or political. They have fresh new ideas and their own, unique values, which grow to dominate as the older generation filters into retirement.That’s part of what’s going on today in America, where extreme divisiveness and racial stresses threaten to tear us apart. (Another part is that this is all part of a larger 250-Year Revolutionary Cycle, and an 84-Year Populist Movement Cycle, to name just two.)
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Saturday, August 26, 2017
China’s Strategy for the Global Economy / Economics / China Economy
By: Rodney_Johnson
In the fall of 1993, I was sitting in class in grad school. We were using case studies to explore business management decisions. My professor walked through the history of Otis Elevators, noting that the company had reached market saturation and had choices to make.I was sort of paying attention… sort of not.
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Saturday, August 26, 2017
Gold Junior Stocks Q2 2017 Fundamentals / Commodities / Gold and Silver Stocks 2017
By: Zeal_LLC
The junior gold miners’ stocks have spent months grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling Trumphoria stock-market rally. But traders need to keep their eyes on the fundamental ball so herd sentiment doesn’t mislead them. The juniors recently reported Q2 earnings, and enjoyed strong results.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Companies trading in the States are required to file 10-Qs with the US Securities and Exchange Commission by 45 calendar days after quarter-ends. Canadian companies have similar requirements. In other countries with half-year reporting, some companies still partially report quarterly.
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Saturday, August 26, 2017
GCSE Exam Results 2017, Top Marks at Silverdale School, Sheffield / Politics / Education
By: Nadeem_Walayat
It was GCSE exam results day on Thursday when Britain's 16 year olds found out if they achieved their expected GCSE grades allowing them to move up the education ladder to A Levels and vocational training on the path towards saddling themselves with £60,000 of student debt at University, but for most that's still 2 years away.
Friday, August 25, 2017
Here’s What Matters And What Doesn’t Matter In The Markets Right Now / Stock-Markets / Financial Markets 2017
By: John_Mauldin
In this week’s Outside the Box, good friend and at various times business partner Steve Blumenthal reveals a very useful character flaw and follows up our shared experience at Camp Kotok with some perceptive observations about things he heard there that matter.
He also shares his notes on a recent interview of Ray Dalio by Bloomberg’s Tom Keene and Mike McKee. Here, he says, is the stuff that matters most!
I really liked the theme he developed about matters and does not matter. When he writes the line, “As I sift through research, my head clicks doesn’t matter, doesn’t matter… matters!” I find myself nodding in agreement. Exactly!
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Friday, August 25, 2017
The Truth About Bundesbank Repatriation of Gold From U.S. / Commodities / Gold and Silver 2017
By: GoldCore
– Bundesbank has completed a transfer of gold worth €24B from France and U.S.
– Germany has completed domestic gold storage plan 3 years ahead of schedule
– In the €7.7 million plan, 54,000 gold bars were shipped and audited
– In 2012 German court called for inspection of Germany’s foreign gold holdings
Friday, August 25, 2017
Will the Fuel Cells Vehicles Save Platinum and Palladium? / Commodities / Platinum
By: Arkadiusz_Sieron
Although everyone agrees that the electric revolution is looming, there is no consensus about the pace and the detailed form of the upcoming shifts in the automotive industry. In particular, some miners and analysts believe that fuel cell cars will spur or at least support the demand for platinum and palladium. For example, the world’s three largest platinum producers (Anglo American Platinum, Impala Platinum and Lonmin) invested in projects related to fuel cell technologies. Indeed, the white metal is used in catalysts in fuel cells vehicles, where power comes from combining hydrogen and oxygen over a platinum catalyst. The game is definitely worth the candle: today’s fuel cell cars need a full ounce of platinum versus a 2-4 grams PGM loading for the average gasoline or diesel vehicle.
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Friday, August 25, 2017
Gold Price Is Forming Triangle Pattern / Commodities / Gold and Silver 2017
By: Franco_Shao
After touching 1.3000 important psychological level, XAUUSD pulled back from 1300.82 and formed a triangle pattern on its 4-hour chart. The triangle pattern is likely consolidation of the uptrend from 1204.77, another rise could be expected after the consolidation.
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.
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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.
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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?