Tuesday, July 11, 2017

Gold Price Outlook Increasingly Bullish / Commodities / Gold and Silver 2017

By: The_Gold_Report

Technical analyst Clive Maund is scouring the charts and finds strong bullish developments for gold that could mark the start of a growth phase.

I had thought that gold might escape its usual seasonal malaise this year, but it didn't and went into a rather sharp downtrend and dropped again quite sharply on Friday. The good news though is that this drop has not impacted the big picture at all, which remains strongly bullish, and a bonus is that this drop has flushed out a lot of remaining weak hands, as we will see when we come to the latest COT (Commitment of Traders) charts and set the sector for a reversal soon leading to a strong uptrend.

Tuesday, July 11, 2017

Sheffield Street Tree Protestors / Campaigners vs Amey Labour City Council 2017 / Local / Sheffield

By: Anika_Walayat

Sheffield tree protestors vs Amey's unnecessary plan to kill and remove at least 6000 of Sheffield's 35,000 street trees. Virtually all of the trees being removed are mature healthy trees so that Amey does not have to undertake maintenance for the duration of their 25 year contract, such as annual pruning or installation of solutions such as flexi-paving as is widespread elsewhere.

Monday, July 10, 2017

Lindsay Stock Market Cycle Correction / Stock-Markets / Stock Market 2017

By: Ed_Carlson

Long-time readers know of Lindsay’s long cycle (points A through M) and that equities should now be in the final basic advance between point I and the secular bull market top at point J.

A basic advance is the equivalent of a cyclical bull market. A basic decline is usually the equivalent of a cyclical bear market but may not always reach the arbitrary 20% sell-off used by the media to define such a decline.

Monday, July 10, 2017

Yellen Goes on Record: The Fed’s Pulling the Plug This Year / Stock-Markets / Financial Markets 2017

By: Graham_Summers

The Fed keeps ringing bells to signal the top, but the markets aren’t listening.

Janet Yellen is set to present the Fed’s Monetary Report to Congress this week. Her remarks have already been posted online.

The results aren’t pretty.

Monday, July 10, 2017

Futures Markets Give High-Volume Gold, Silver Trading Discounts to Governments / Commodities / Gold and Silver 2017

By: MoneyMetals

Mike Gleason (Money Metals Exchange): It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Antitrust Action Committee, also known as GATA. Chris is a long-time journalist and hard money advocate, and through his tireless efforts at GATA he is working to expose the manipulation of the gold and silver markets. Through GATA's work over the years. Some important revelations have come to light, which quite honestly should concern everyone.

Monday, July 10, 2017

UK Mortgage Inetrest Rates Reach New Lows Despite Growing Economic Pressures / Housing-Market / Mortgages

By: MoneyFacts

Moneyfacts UK Mortgage Trends Treasury Report data highlights that both the average two-year fixed rate and the two-year variable rate have fallen to their lowest point on Moneyfacts records, defying economic indicators.

Monday, July 10, 2017

Bitcoin Is Forming A Triangle Pattern / Currencies / Bitcoin

By: Franco_Shao

After hitting a highest record at 2889, BTCUSD fell sharply to 2251, and is now forming a triangle pattern on its 4-hour chart. All we need to do now is wait for a break out of the pattern.

Monday, July 10, 2017

... / Companies / Cyber War

By: OilPrice_Com

Monday, July 10, 2017

Gold Stocks Summer Bottom / Commodities / Gold and Silver Stocks 2017

By: Zeal_LLC

The gold miners’ stocks have drifted lower over the past month, slumping back to major support.  This weakness has naturally intensified the bearish psychology engulfing this small contrarian sector, traders want nothing to do with it.  Yet summers typically see gold and its miners’ stocks meander sideways to lower.  These summer doldrums spawn the best seasonal buying opportunities of the year in gold stocks.

Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year.  While seasonality doesn’t drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals.  We humans are creatures of habit and herd, which naturally colors our trading decisions.  The calendar year’s passage affects the timing and intensity of buying and selling.

Monday, July 10, 2017

How to Accurately Forecast the UK General Election in Nine Steps / ElectionOracle / UK General Election

By: Nadeem_Walayat

In early April everything appeared to be going smoothly for Britain, Article 50 had been triggered without any significant political opposition apart from the SNP's shrill cry for another independence referendum from north of the Scottish border. But then Theresa May made the fatal mistake of believing the tripe that calls itself Britain's polling industry, that convinced her that a snap general election would yield a landslide victory, thus strengthening her hand in the about to begin BrEXIT negotiations.

And so started Britain's decent into chaos, an election campaign that had many Tory supporters asking if Theresa May was actually trying to lose the election by her antics most notable of which was her u-turn on the manifesto dementia tax. Whilst on the other hand the mainstream media was totally blind to the way Jeremy Corbyn was galvanising the anti-austerity vote, where every pundit and forecaster without exception right up until the polls closed on June 8th expected the Conservatives to win with an INCREASED majority, on a tally ranging to as high as 414 seats, though most clustered around 365 seat for the Tories.

Monday, July 10, 2017

Gold Multi-month Consolidation Continues but Should Near Completion / Commodities / Gold and Silver 2017

By: The_Gold_Report

Technical analyst Jack Chan charts the latest moves in the gold and silver markets.

Our proprietary cycle indicator is down.

Monday, July 10, 2017

Sheffield Street Trees - Amey / Labour City Council Tree Felling 2017 / Local / Sheffield

By: Anika_Walayat

Here's a taste of what is happening to thousands of Sheffield's mature street trees on virtually every working day during 2017. Amey has been tasked with felling 6,000 of Sheffield's biggest and most beautiful street trees that in many cases that have taken over 100 years to mature. All that invested time is now being squandered so that the Labour controlled city council's contractor can avoid annual trees maintenance costs. Amey's solution is to fell the tree's, the consequences of which to many will only become apparent afterwards, as tree lined streets that bring a taste of the countryside to even inner city areas are increasingly become bland concrete wastelands. In fact the felling of thousands of large mature street tree's may be marking the end of Sheffield's house prices bull run as the value of trees taken 100 years to mature has now been lost to many streets.

Monday, July 10, 2017

What Sports Are in Store for the Rest of 2017? / Personal_Finance / Gambling

By: Submissions

Sunday, July 09, 2017

Stock Market Still Bullish Bias / Stock-Markets / Stock Market 2017

By: Andre_Gratian

Current Position of the Market

SPX Long-term trend:  Uptrend continues with a serious loss of upside momentum in weekly indicators.

SPX Intermediate trend:  An ending diagonal appears to be in its last stage of completion.

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 discuss longer market trends.

Sunday, July 09, 2017

Did Junk Bonds Just Signal the End to This Credit Cycle? / Interest-Rates / US Bonds

By: Graham_Summers

Stocks are now in very serious trouble.

The S&P 500 has fallen to test its “election rally” trendline. If the market breaks down here, there’s essentially one giant “air pocket” down to 2,200 or so.

Sunday, July 09, 2017

The Stock Market Quantified Elliott Wave Theory: OEW / Stock-Markets / Stock Market 2017

By: Tony_Caldaro

In the coming months, and for some it has already started, many market pundits will be calling for a monumental crash. Some will proclaim it to be the largest crash in our lifetime. There will be various reasons. Extremely high debt levels, high market valuations, leverage in managed funds, prolonged low growth without a recession, rising interest rates, Quantitative Tightening, and even Elliott Wave patterns. The latter is the reason for this report.

The Elliott Wave Theory has been circulating in technical market analysis circles for 80-years. On the surface, it is easy to understand. There are five waves up during bull markets representing growth, and three waves down during bear markets representing contraction. Since the economy moves from growth to contraction it makes sense. Historically, one can even look at a chart of the DOW, over an 80-year period, and actually see the five waves with three advances and two intervening declines. From the 1932 crash low: 1937-1942-1973-1974-2007. Simple, right? In theory, yes. In real time practice no.

Sunday, July 09, 2017

War On Cash: Australia Considering Chipping Senior’s Money To Stop Them From Saving / Currencies / War on Cash

By: Jeff_Berwick

Ten years ago I wrote on my personal travel blog, “Australia sucks”. In it I detailed, “Australia seems to have more rules than any other country on the planet I have visited. There are signs outlining rules everywhere. I was even on a street that had a street-sign denoting that particular street as being an alcohol-free street. No alcohol is allowed to be consumed or even carried on that street?? I presume that even includes inside the houses on that street by the way it was written!”

Saturday, July 08, 2017

US Stock Market Correction Continues / Stock-Markets / Stock Market 2017

By: Tony_Caldaro

The market started the holiday shortened week at SPX 2423. After a gap up opening on Monday the market rallied to SPX 2439. The market pulled back to SPX 2422 by Wednesday morning, then rallied to 2435 in the afternoon. A gap down opening on Thursday took the SPX to 2408 near the close. Then a gap up opening on Friday rallied the market to SPX 2427. For the week the SPX/DOW gained 0.2%, and the NDX/NAZ gained 0.2%. Economic reports for the week were slightly negatively biased. On the downtick: auto sales, factory orders, the ADP, the WLEI, plus jobless claims and the unemployment rate rose. On the uptick: ISM manufacturing/services, monthly payrolls, plus the trade deficit improved. Next week’s reports will be highlighted by FED chair Yellen’s testimony to Congress, the Beige book, and industrial production. Best to your week!

Saturday, July 08, 2017

Gold Awaits Fundamental Shift / Commodities / Gold and Silver 2017

By: Jordan_Roy_Byrne

Last week we wrote that Gold’s poor performance in real terms could reflect its worsening fundamentals. Real interest rates are rising because the rate of inflation has peaked and bond yields are rebounding. It is a double whammy for precious metals. This is not permanent but something that could last a few quarters. Gold needs inflation to accelerate or bond yields to drop significantly. One historical analog argues that with respect to the Federal Reserve, a change in policy could be part of the fundamental shift needed to drive Gold into a bull market.

Saturday, July 08, 2017

Stock Market Indexes Are Winding Up for a Fast Ball / Stock-Markets / Stock Market 2017

By: Anthony_Cherniawski

I finally have internet service and can communicate to you. We had a violent storm pass through early this morning. I did not know the extent of the damage until I discovered my broadband service was out and the roads were blocked by downed trees. Fortunately, we are on a high priority electricity grid, so power was back on by sunrise.