Monday, April 24, 2017
Candidate Trump: 'I Love Wikileaks.' President Trump: 'Arrest Assange!' / Politics / US Politics
"I love Wikileaks," candidate Donald Trump said on October 10th on the campaign trail. He praised the organization for reporting on the darker side of the Hillary Clinton campaign. It was information likely leaked by a whistleblower from within the Clinton campaign to Wikileaks.
Back then he praised Wikileaks for promoting transparency, but candidate Trump looks less like President Trump every day. The candidate praised whistleblowers and Wikileaks often on the campaign trail. In fact, candidate Trump loved Wikileaks so much he mentioned the organization more than 140 times in the final month of the campaign alone! Now, as President, it seems Trump wants Wikileaks founder Julian Assange sent to prison.
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Monday, April 24, 2017
Is the Stock Market Bounce Over? / Stock-Markets / Stock Market 2017
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, April 24, 2017
This Could Be One Of the Biggest Winners Of The Electric Car Boom / Companies / Cobalt
There’s a new metal in town, and it’s bigger than lithium—and hotter than any other commodity on the market right now.
Supply is fantastically tight and set to get phenomenally tighter.
Analysts at Macquarie Research project deficits of 885 tonnes of this resource next year, 3,205 in 2019 and 5,340 in 2020.
Monday, April 24, 2017
Chinese Internet Leaders Will Shake the World / Companies / Internet
A decade ago, Chinese internet companies were still marginal internationally. Today, they are world-class industry innovators. In the internet economy, the leadership is shifting from the advanced West to the emerging East.Today, China’s leading internet companies rival their counterparts in the West in terms of scale, value and innovation. Yet, their impact outside of China is still relatively limited. Even the international leader Alibaba generates less than 10% of its revenue outside China.
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Monday, April 24, 2017
Le Pen Shifts Political Landscape- The Rise of New French Gaullism / Politics / France
After the first round of the French presidential election, “center-right” Macron and “radical right” Le Pen are positioned for a face-off. However, the real story of the election is that Le Pen's agenda has shifted the political landscape toward new French Gaullism.
At the eve of the French election, A gunman opened fire on the Champs-Élysées, killing a police officer and wounding others, while the Islamic State claimed responsibility. Meanwhile, US observers explain the rise of Le Pen on the basis of the French industrial decline, while German observers see France sandwiched between extremists on the Left and the Right.
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Monday, April 24, 2017
IMF Says Austerity Is Over - Surplus or Stimulus / Economics / Economic Austerity
Austerity is over, proclaimed the IMF this week. And no doubt attributed that to the ‘successful’ period of ‘five years of belt tightening’ a.k.a. ‘gradual fiscal consolidation’ it has, along with its econo-religious ilk, imposed on many of the world’s people. Only, it’s not true of course. Austerity is not over. You can ask many of those same people about that. It’s certainly not true in Greece.
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Monday, April 24, 2017
Russia Campaigns for the Le Pen French Presidency / Politics / France
The European Union's busy election season is an important campaign opportunity, not only for the politicians running, but also for the Kremlin. Several leaders and governments around the world have accused Moscow of coordinating disinformation campaigns to influence other countries' political affairs over the past year. The Kremlin quadrupled its spending on media activities abroad in its latest federal budget, and since half its projected expenditures are labeled confidential, Moscow may well be devoting hundreds of millions more to the cause. Vyacheslav Volodin, the speaker of Russia's legislature and a top political strategist, has been stumping across the European Union this campaign season, meeting with representatives of nationalist parties such as Alternative for Germany. And now Moscow has turned its focus toward France as the country gears up for two months of presidential and legislative elections.
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Sunday, April 23, 2017
Emmanuel Macron vs Marine Le Pen Round 2 - Can BrExit Factor Deliver Le Pen Victory? / Politics / France
France is heaving a temporary sigh of relief as the nightmare scenario of a far right Le Pen vs a far left Melenchon round 1 win failed to materialise, instead that which has always been most probable has come to pass, where the two candidates with the most votes going into the second and final round of the French Presidential election will be centrist Emmanuel Macron (23.8%) vs far right Marine Le Pen (21.7%).
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Sunday, April 23, 2017
USD Cycle Update - 23rd April / Currencies / US Dollar
This Update will provide both a near term and long term update on the USD an where I think it stands in its short and long term cycles. My first two charts are the same near term daily chart. The first provides my cycle counts for the past 6 Trading Cycles. The second shows a potential Blue Fork Channel that should hold it. USD did find a TC low on day 17 last week.
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Sunday, April 23, 2017
The Upsides and Risks of May's Snap UK Election Decision / Politics / UK General Election
The decision by Prime Minister Theresa May to call a snap election took the United Kingdom somewhat by surprise. When word went out early Tuesday that she was to make an announcement an hour later, rumors about what she would say rumbled across the country, touching on everything from the possible death of the queen to the announcement of direct rule in Northern Ireland. The idea that she would call a snap election initially was dismissed in light of her previous flat denials, but once the other possibilities were eliminated, an election was all that could remain.
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Sunday, April 23, 2017
EURUSD at a Critical Point in Wave Structure / Currencies / Forex Trading
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: French Presidential Election, German Ifo Business Climate. USD: N/A.
Sunday, April 23, 2017
Stock Market Grand Super Cycle Overview While SPX Correction Continues / Stock-Markets / Stock Market 2017
The market started this gap filled week at SPX 2329. A gap up opening Monday took the SPX to 2349. Then after a gap down opening on Tuesday the market found support at SPX 2335. A gap up opening on Wednesday took the SPX to 2353, which was sold off into 2335 again. On Thursday another gap up opening took the market to SPX 2361. Then the market pulled back to SPX 2349 on Friday. For the week the SPX/DOW gained 0.70%, and the NDX/NAZ gained 1.75%. Economic reports for the week were mixed. On the downtick: the NY/Philly FED, the WLEI, the NAHB, housing starts, plus weekly jobless claims rose. On the uptick: building permits, industrial production, capacity utilization, leading indicators and existing home sales. Next week’s reports will be highlighted by Q1 GDP, the Chicago PMI, durable goods and housing. Best to your week!
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Sunday, April 23, 2017
Robert Prechter Talks About Elliott Waves and His New Book / InvestorEducation / Elliott Wave Theory
Avi Gilburt of ElliottWaveTrader.net conducted a thoughtful interview with Bob Prechter recently. We thought you'd like to see it.
1. How did you come across Elliott wave analysis?
My dad subscribed to Richard Russell's Dow Theory Letters, and he would occasionally forward his copies to me. In 1968, Russell began writing about A.J. Frost's Elliott wave work. He published wave interpretations for the Dow off and on through late 1974, when he called the end of the bear market. During that time, I began charting gold and gold stocks, labeling the waves. After I became a professional technician at Merrill Lynch in 1975, I went on a search for Elliott's original books, which were published in ring binders. The Library of Congress didn't have them. Finally I found copies on microfilm in the New York Public Library. It was a thrill coming across those listings on library cards. In 1980, I republished Elliott's original books and articles in what is now called R.N. Elliott's Masterworks. Later I published all of Bolton's, Frost's and Russell's Elliott wave writings along with bios and notes.
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Sunday, April 23, 2017
After The Crash - Digital And Regenerative Medicine, Live for Ever! / Companies / BioTech
For most people, the doctor visit hasn’t changed in decades. Same physical waiting rooms, same paper forms to fill out, same slow, expensive tests and marginally-effective, maximally-invasive treatments. But that’s about to change, as a wave of new technologies drag medicine into the 21st century. Among the most interesting:
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Saturday, April 22, 2017
Le Pen, Melenchon French Election Stock, Bond and Euro Markets Crash / Stock-Markets / European Stock Markets
The French people, European Union and financial markets are counting down to a potential seismic history shattering election result event, perhaps bigger than Britains' BrExit, perhaps even a bigger shock than Trump winning the US Election, for a Le Pen / Melenchon extremes of the far right and far left result would mark the starting point for the DEATH of the Euro-zone and soon afterwards the European Union.
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Saturday, April 22, 2017
Why You Are Not An Investor / Stock-Markets / Stock Market 2017
You are not an investor. One can only be an investor in functioning markets. There have been no functioning markets since at least 2008, and probably much longer. That’s when central banks started purchasing financial assets, for real, which means that is also the point when price discovery died. And without price discovery no market can function.
You are therefore not an investor. Perhaps you are a cheat, perhaps you are a chump, but you are not an investor. If we continue to use terms like ‘investor’ and ‘markets’ for what we see today, we would need to invent new terms for what these words once meant. Because they surely are not the same thing. Even as there are plenty people who would like you to believe they are, because it serves their purposes.
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Saturday, April 22, 2017
Gold Market Fractal Event / Commodities / Gold and Silver 2017
“In the absence of a credible monetary standard, we expect no escape from the treadmill of rising debt, both US and globally, that outpaces economic growth. Income inequality, wage stagnation, overvaluation of financial assets, and speculation instead of productive investment are likely to be prolonged under the current monetary regime. Whether or not policy makers take a proactive approach to address monetary reform, the fact remains that gold is massively underpriced in all paper currencies. It would be preferable if the necessary adjustments could occur without a repeat of a 2008-like financial crisis. We give this possibility a chance, albeit slim. In any event, we expect a significant repricing of gold higher during the current administration, either by design or because of market events. Whenever a repricing happens, we expect broad grassroots support for that outcome.” – John Hathaway, Tocqueville Funds
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Saturday, April 22, 2017
Le Pen vs Melenchon Election Doomsday for France and EU - Hard Left vs Hard Right / Politics / France
The last French poll ahead of Sunday's first round in the French presidential election is resulting in a three horse race from which the 2 front runners will go through to the second round. Centrist Macron leads far right Le Pen by 1% on 23.5% against 22.5% with far left Melenchon snapping at her heels on 21.5%, all within the margins of polling error of 3%! Which means there could easily be a doomsday scenario outcome for France and the European Union, one of the two disruptive anti-EU candidates, Hard Left vs Hard Right going into the second round. Where Le Pen would seek to immediately take France out of the Euro-zone and Anti-German pro Putin Melenchon would seek to impose a 100% tax rate on those earning above e360,000 triggering a French recession, and where his policies of stimulus through printing hundreds of billions of euro debt would also inevitably mean France leaving the Euro-zone, as the ECB controls the printing of Euro's and not the central banks of Eurozone members.
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Saturday, April 22, 2017
Gold IRAs: How to Lessen or Avoid That Pesky Capital Gains Tax / Commodities / Gold and Silver 2017
Since we just finished tax season, many first-time gold investors might wonder what to do about their precious metals holdings. How are they taxed, and are there any legal ways to lessen those taxes?
Precious metals like gold, silver, and platinum are considered capital assets, so you will have to pay capital gains taxes when you sell them for a profit.
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Saturday, April 22, 2017
Gold Price Upleg Momentum Building / Commodities / Gold and Silver 2017
Gold’s young upleg just enjoyed a major upside breakout, bolstering strong technicals and heralding a coming Golden Cross buy signal. Investors have started aggressively buying gold again after record-high stock markets distracted them. This gold upleg’s upside momentum is really building, portending accelerating gains in coming months. Yet sentiment remains poor, with traders still quite bearish on gold.
Virtually no one is excited about gold these days. Mainstream investors continue to ignore it like usual, while contrarians largely expect a lackluster sideways grind at best. This apathy is the natural result of gold’s recent consolidation between late February and mid-April. With 6+ weeks seeing no net progress, there was little to spark any enthusiasm. Thus gold gradually faded from speculators’ and investors’ radars.
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