Tuesday, May 02, 2017
Stock Market Euro-phoria / Stock-Markets / Stock Market 2017
By: Ed_Carlson
A critical factor in risk-asset pricing is inflation expectations and inflation expectations are directly affected by the price of commodities. Looking at the futures markets, equity bulls should be concerned. The damage to commodities is already showing in the Chinese equities complex.
Tuesday, May 02, 2017
Trump's Tax Outline Won't Avert Stock Market Correction / Politics / Stock Market 2017
By: Michael_Pento
The primary catalyst to keep investor confidence sky-high while stocks are fliting with the most expensive valuations in history is the passage of Trump's comprehensive tax relief plan. But one thing is for sure, the current tax changes being proposed by the President will morph over time and will be significantly watered down if it is ever to become law. Therefore, since the final plan will be significantly diluted from the proposed form, its effect on the economy and for equity prices will be extremely attenuated. This means the current ebullience on Wall Street is about as far offside as possible.
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Tuesday, May 02, 2017
Save Liberty, Shut Down the Government / Politics / US Politics
By: Dr_Ron_Paul
Congress ended the week by passing a continuing resolution keeping the government funded for one more week. This stopgap funding bill is designed to give Congress and the White House more time to negotiate a long-term spending bill. Passage of a long-term spending bill has been delayed over objections to Republican efforts to preserve Obamcare's key features but give states a limited ability to opt out of some Obamacare mandates.
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Tuesday, May 02, 2017
Hi Yo Silver! Sort Of… / Commodities / Gold and Silver 2017
By: Kelsey_Williams
In January, 1980 silver peaked at close to $50.00 per ounce and gold hit its high point of approximately $850.00 per ounce. Thirty-one years later, in 2011, both metals again reached lofty levels.
For gold, the new high point was $1900.00 per ounce. For silver, the number was $50.00 per ounce; again.
Six years later, as of this writing, gold is priced at $1260.00 per ounce. Silver is at $17.00 per ounce and change.
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Tuesday, May 02, 2017
Why is North Korea Being So Unreasonable? / Politics / North Korea
By: Antonius_Aquinas
On April 28, Secretary of State Rex Tillerson told the U.N. that North Korea “must dismantle its nuclear missile programs” before the US “can even consider talks.”*
Sounds reasonable.
Why hasn’t the Kim Jong-Un regime responded with open arms and shouts of joy for this generous and fair-minded proposal from Uncle Sam?
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Tuesday, May 02, 2017
Freeport McMoRan (FCX) Outlook Turning Bullish / Companies / Company Chart Analysis
By: ElliottWave-Forecast
Freeport McMoRan Incorporation (NYSE: FCX) is the world’s largest publicly traded copper and molybdenum producer and it’s also a major producer of gold but almost 70% of revenues are from the sale of copper. The Phoenix, Arizona-based companyis primarily engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum and silver, as well as the smelting and refining of copper concentrates.
Tuesday, May 02, 2017
Trump Tax Cut Can Create the Last Stock Market Rally Since 2016 / Stock-Markets / Stock Market 2017
By: ElliottWave-Forecast
As part of President’s Trump campaign pledge, he wants to sharply reduce the tax rate for all businesses from multinational corporations to mom-and-pop shops to 15%. Treasury Secretary Steven T. Mnuchin said this is the biggest tax cut and the largest tax reform in the U.S history. Currently the U.S. corporate tax rate is 35% and it is the highest among developed economies. President Trump also plans to simplify and reduce individual tax rate with the highest individual tax rate dropping to 25%.
Monday, May 01, 2017
America's Deep State Wars - The Horror! The Horror! / Politics / US Military
By: James_Quinn
I'm constantly amazed by the ability of those in power to create a narrative trusted by a gullible non-critical thinking populace. Appealing to emotions, when you have millions of functionally illiterate, normalcy bias ensnared, iGadget distracted, disciples of the status quo, has been the game plan of the Deep State for the last century. Americans don't want to think, because thinking is hard. They would rather feel. For decades the government controlled public education system has performed a mass lobotomy on their hapless matriculates, removing their ability to think and replacing it with feelings, fabricated dogma, and social indoctrination. Their minds of mush have been molded to acquiesce to the narrative propagandized by their government keepers.
Monday, May 01, 2017
Stock Market Getting to "B" / Stock-Markets / Stock Market 2017
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: Uptrend continues.
SPX Intermediate trend: The correction from 2400 continues,
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.
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Monday, May 01, 2017
Cocoa Commodity Buying Opportunity / Commodities / Cocoa
By: Austin_Galt
I last analysed the cocoa price in March 2015 in a report titled Cocoa Technical Outlook. Since then price has traded exactly as outlined. Below is the yearly chart from that analysis.
Monday, May 01, 2017
Trend Lines Met, Technical's are Set - US Dollar is Ready to Rally (Elliott Wave Analysis) / Currencies / US Dollar
By: Enda_Glynn
My Bias: short in wave 3 blue.
Wave Structure: downward impulse wave 1, 2 blue
Long term wave count: lower in wave 3 blue
Important risk events: EUR: EU Economic Forecasts. USD: Treasury Sec Mnuchin Speaks, Personal Spending m/m, ISM Manufacturing PMI.
Saturday, April 29, 2017
Bifurcated US Stock Market / Stock-Markets / Stock Market 2017
By: Tony_Caldaro
The market started to week at SPX 2349. After a gap up opening on Monday, and another gap up opening on Tuesday, the market hit SPX 2398 by Wednesday. After that it pulled back to end the week at SPX 2384. For the week the SPX/DOW gained 1.70%, and the NDX/NAZ gained 2.45%. Economic reports for the week were mostly negative. On the downtick: consumer confidence/sentiment, durable goods, pending home sales, Q1 GDP, the WLEI, plus weekly jobless claims rose. On the uptick: Case-Shiller, new home sales and the Chicago PMI. Next week’s reports will be highlighted by the FED’s FOMC, the ISMs, and monthly payrolls. Best to your week!
Saturday, April 29, 2017
Recall This US Bond Trader Chart? Here's What Happened / Interest-Rates / US Bonds
By: EWI
Our three recent Treasury Bond charts combine to show you trader sentiment, price action and important near-term turns and trends.
Saturday, April 29, 2017
Damn the Deficits, Huge Trump Tax Cuts Ahead! / Politics / Taxes
By: Peter_Schiff
Donald Trump has made good on one of his most audacious campaign promises by submitting what he describes as the biggest tax cut in U.S. History. For once, at least, this does not appear to be Trumpian braggadocio. It really may be the mother of all tax cuts. But if passed, what may this bunker buster do to the economy? While I have rarely met a tax cut I didn't like, this one just may be more likely to send the economy into a downward spiral than it is to send up to orbit.
Saturday, April 29, 2017
Gold Hostage to Stocks / Commodities / Gold and Silver 2017
By: Zeal_LLC
Gold has had a wild ride since Trump's surprise election win in early November. This metal first plunged then surged, ultimately making little headway. It wasn't until mid-April that gold regained its pre-election levels. This overall lackluster gold action was confounding given all the mounting uncertainties. But it once again highlights that gold investment demand is often hostage to the US stock markets' fortunes.
Before the election, gold surged every time Trump appeared to advance in the polls. Trump had a well-earned reputation as a loose cannon, implying far greater unpredictability. Increasing prospects of a Trump victory drove gold to $1305 the Friday before the election. But that weekend the FBI cleared Clinton again on her classified-e-mail front. So gold sold off sharply on rising odds Clinton would indeed win.
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Saturday, April 29, 2017
Warren Buffett Hates Gold… But Here’s Five Reasons You Need To Own It / Commodities / Gold and Silver 2017
By: HAA
Stephen McBride : In a 1998 speech at Harvard, legendary investor Warren Buffett shared his thoughts on gold:
“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again, and pay people to stand around guarding it. It has no utility.”
Buffett is correct—gold doesn’t produce earnings or pay dividends. There are, however, some good reasons gold should be an essential part of every investor’s portfolio.
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Friday, April 28, 2017
Stock Market Sentiment, Re-Fueled Along the Way / Stock-Markets / Stock Market 2017
By: Gary_Tanashian
It’s a big picture view with a story to tell. People are micro-managing the VIX, talking about how it either doesn’t work anymore, if it ever did, or is forecasting extreme doom imminently (through investor complacency). But what is “imminently”? Is it next month or is it the 2-3 years that this indicator often wallows along the bottom of its support zone before overseeing a coming Armageddon? Sure, it started wallowing in the zone back in 2013, but then the ‘fuel stops’ that were ultimately bullish (the 2010, 2011 and 2015 corrections) cleared the overhead inventory of investors out of the markets.
Friday, April 28, 2017
Calling out the Central Bankers / Politics / Central Banks
By: Rodney_Johnson
I’m a fan of the Marvel Comics movies, like X-Men and Iron Man.My lovely wife often catches me watching tidbits of the Avenger films when I sit down in front of the TV to relax for a few minutes. I’ll flip around until I find one, watch just 20 to 30 minutes, then move on to another project in the house.
It drives her nuts!
I know the ending. The characters use their skills to better the world. They have clear goals, choose their targets, and execute. These are nice, neat packages, which is completely unlike the real world.
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Friday, April 28, 2017
Fed's Third Inetrest Rate Hike and Gold / Commodities / Gold and Silver 2017
By: Arkadiusz_Sieron
This time, the U.S. central bank did not make us wait too long for the next hike. Just three months after the hike in December, the Fed moved interest rates up again. Although the pace of the current tightening cycle is extremely gradual, the U.S. central bank is consistently moving away from the zero interest rate policy. The chart below shows the current level of the effective federal funds rate after all three hikes.
Friday, April 28, 2017
USD/CAD - Invalidation of Breakout or Further Rally? / Currencies / Bitcoin
By: Nadia_Simmons
Earlier today, the greenback moved lower against the Canadian dollar, which pushed USD/CAD below the December high and the previously-broken resistance zone. Is it enough to trigger further deterioration?
In our opinion, the following forex trading positions are justified - summary:
EUR/USD: short (a stop-loss order at 1.1052; the initial downside target at 1.0521)
GBP/USD: none
USD/JPY: long (a stop-loss order at 107.62; the initial upside target at 111.16)
USD/CAD: none
USD/CHF: none
AUD/USD: none