Saturday, April 08, 2017
Gold Price and Gaps / Commodities / Gold and Silver 2017
irst, let me say that a new high by Gold in week 16 of this current Intermediate Cycle is an extremely positive development as we now have a setup that should ensure that Gold has a Right Translated cycle that makes a higher Intermediate Low than the December 2016 YCL. Should this play out to Cycle norms, the next Intermediate Low will be an excellent buying opportunity regardless if you are adding to positions or restocking the shelf. My current expectation is that the next IC Low will be in the May/June timeframe with May being a strong possibility.
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Saturday, April 08, 2017
Bearish Reversal in Gold and Silver / Commodities / Gold and Silver 2017
Precious metals ended a quiet week with quite a reversal. Gold surged above its 200-day moving average for the first time since November, only to lose the gains and then close below the 200-day moving average. Silver was already trading above its 200-day moving average before it moved higher but it then reversed strongly and even below its 200-day moving average. The miners, which have been much weaker than the metals were mostly unchanged but after opening higher. Today’s bearish reversal could signal an imminent decline in the entire complex or just signal that more time is needed before the next attempt at a breakout.
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Saturday, April 08, 2017
Gold Stock Breakouts Near / Commodities / Gold and Silver Stocks 2017
The gold-mining stocks’ usual volatility has proven outsized so far this year, spooking investors. A fast initial surge in a new upleg was soon fully reversed by a sharp major correction, which spawned much bearish sentiment. That combined with the great distraction from the Trumphoria stock-market rally has left gold stocks unloved and overlooked. But their outlook is very bullish, and major upside breakouts near.
It’s hard to find bargains in today’s extreme stock markets. They’ve been radically distorted by the post-election euphoria centered on universal hopes for big tax cuts soon. Nearly every sector has been bid up to dizzying valuations. Except gold stocks, which everyone still hates. They may very well be the last remaining contrarian sector in these crazy markets, and thus a great buying opportunity for smart traders.
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Saturday, April 08, 2017
Gold - Is .0006th Of An Oz Of Significant Enough To Call The Bottom? / Commodities / Gold and Silver 2017
Yes.
.0006th of an ounce of gold = 80 cents, at $1250 the oz. How can 80 cents be significant relative to gold at that price? It is a tiny gap in price that was never filled. The probability of December 2015 being the end of the downside correction since the 2011 highs grows with each passing week/month. As our regular readers know, our focus is solely on developing market activity as determined by price and volume over time. We pay attention to what the market is saying about its participants and not what others are saying about the market.
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Friday, April 07, 2017
3 Must-See Market Charts: Learn What's Next for Europe / Stock-Markets / European Stock Markets
You can learn a LOT about stocks from these 2 factors
In this new interview, Brian Whitmer, the editor of our European Financial Forecast and contributor to the European section of Global Market Perspective, highlights the precarious position of European stock markets.
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Friday, April 07, 2017
Can Stocks and Shares Provide the Same Entertainment as Casino and Slots? / Stock-Markets / Gambling
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Friday, April 07, 2017
Gold Standard Challenges / Commodities / Gold and Silver 2017
Scattered recent analysis has centered upon the Gold Standard and its viability within the global financial system. The topic is certainly very blurred and at times confusing. Consider a recent article by a competent analyst Charles Hugh Smith of the site OfTwoMinds on the practicality of gold used as a standard. The article is entitled “The Problem With Gold-Backed Currencies” (which is found HERE and also on Lew Rockwell site HERE). He makes several points, many good ones. In the Jackass opinion, his analysis avoids many potential solution features, is premature on focus of the currency (and not trade), and is unfortunately backwards in the logic. The main criticism to put on the work is that he confuses the extreme difficulties created from decades of fiat currencies, with the supposed problems of installation of gold-backed currency. The entire article is not well developed, seems sketchy, and misses numerous very important features which are being considered. He does put many critical issues on the table, valuable for discussion. He offers no solution to his stated problems. In modern parlance, the logic put forth would indicate that since a heroin addict has so much difficulty with kicking the deadly habit, ravaged by delirious tremens, beset by extreme health problems, that one should conclude movement toward a clean sober life would have problems and simply would not work. Thus the backwards logic. Unfortunately, CHSmith produces straw dogs in the face of absent solutions. Let us examine the points made.
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Friday, April 07, 2017
Gold, Silver and Oil Spike After U.S. Bombs Syria / Commodities / Gold and Silver 2017
– Gold silver oil spike after U.S. bombs Syria
– Gold and silver spike 1% as oil rises 1.4%
– Gold breaks 200 day moving average, 4th week of gains
– Stocks fall after U.S. strikes in Syria rattle markets
– U.S. missiles hit airbase; Lavrov says no Russian casualties; Russia deploys cruise missile frigate to Syria
Friday, April 07, 2017
3 Graphics That Explain US-China Relations / Politics / China US Conflict
BY GEORGE FRIEDMAN : US President Donald Trump and Chinese President Xi Jinping are meeting now at Trump’s Mar-a-Lago estate in Florida. Most meetings between world leaders are relatively unimportant.
This meeting is an exception, not because of whatever agreements or statements will emerge, but because of what it reveals about the current needs of the political administration of the world’s two largest economies.
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Friday, April 07, 2017
Don’t Short Retail Stocks - the Trade Is Already Half Over / Companies / Retail Sector
BY JARED DILLIAN : A lot of electrons have been spilled in the last couple of weeks about the demise of retail. Particularly malls and mall retailers. Nobody goes to the store anymore. They all have Amazon Prime.
If you are an amateur trader (or even an experienced trader), you might think that this is a good time to short retailers.
Take it from an even more experienced trader: By the time you hear about the trade, it's at least half over, and maybe more.
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Friday, April 07, 2017
Gold Market in Q1 and the Outlook for 2017 / Commodities / Gold and Silver 2017
Gold performed really well in the first quarter of 2017. As the chart below shows, the rally started at the end of December 2016. The yellow metal bottomed at $1,125.7 on December 20, just a few days after the FOMC meeting and the second interest rate hike for almost a decade. Since then, the shiny metal gained about 11 percent.
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Friday, April 07, 2017
NG #F (Natural Gas) Rally is Not Over Yet / Commodities / Natural Gas
NG #F (Natural Gas) has been rallying since forming a low on 2/22 (2.523). Rally is unfolding as a WXY or double three Elliott Wave Structure where wave W completed at 3.089 and wave X completed at 2.882. Up from red X low, Natural Gas is showing 5 swings up which means the sequence is incomplete and while above black ((x)) low at 3.121, rally should continue higher towards 3.452 – 3.587 to complete 7 swings sequence from red X low. This would also complete a WXY structure from 2.523 low and then we should see a 3 wave pull back in NG #F either to correct the cycle from 2.523 low or at least from red X low.
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Friday, April 07, 2017
US Syria Missile Attack and Symbols of Strength / Politics / US Politics
I don’t know anything more than anyone else does, outside of the decision makers’ circle, about the reasoning behind the Tomahawk missile attack on a Syrian airport. Have the US neocon warmongers won over Trump and the White House, as I see suggested? Have the Goldmanites? Is that the same group of people? If Trump has conceded to the warmongers, will Putin be next in line? Should Russia have pushed through when it had the upper hand in Syria, and ‘finished’ the job?
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Friday, April 07, 2017
US War Of Terror Continues On With Syrian False Flag Attack / Politics / War on Terror
Everything you have been taught by the US government has been a lie.
The US is not the land of the free. It is, in fact, one of the least free places in the world with the largest concentration camp population, per capita, by a large margin and the biggest extortion racket in the world, extorting Americans via the IRS for more than $2 trillion per year.
The US is not the home of the brave. If it were, the American people would not allow the US government to constantly scare them into giving up what freedoms they have left.
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Friday, April 07, 2017
SPX and GDX in Perspective / Stock-Markets / Stock Market 2017
Below are daily charts of the S&P 500 and the gold miners index ETF, GDX. Right now, it seems as though these two are trading inversely for the most part. Odds are we see a gap down Friday in the stock market and a gap up in GDX. This should be followed by a strong rally for stocks into Monday and a strong drop in GDX. Overall, the stock market looks lower into April 21 with gold stocks trading higher.
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Friday, April 07, 2017
What Makes Millennials Disturbingly Different? / Politics / Demographics
In Stealth Fashion Millennials Are Rapidly Transforming Society
Something had mysteriously changed during the 2016 US Presidential primaries when an unlikely democratic candidate burst on the national scene with an unquestionable allure for the Millennial generation. How was it that a 'left wing' Bernie Sanders, who was of an age that he would be considered as a very old grandfather by this young generation, could draw such rousing support? What was it about this grey haired unknown senator from Vermont who so clearly represented the expectations, aspirations and frustrations of this new 'coming of age' generation?
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Friday, April 07, 2017
Trump to Fire 50 US Cruise Missiles To Erase Syrian Chemical Attack Air Base, China Next? / Politics / US Military
It appears President Trump is to authorise the imminent launch of air strikes on Syria towards helping break the narrative that he is an 'Manchurian candidate' working for Putin who played a significant hand in getting Trump elected last year. Perhaps Putin failed to properly calculate whether it really is be better for Russia to have an erratic 70 year old toddler in the White House than a rational continuation of the Obama regime in Hillary Clinton.
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Thursday, April 06, 2017
Analysis and Forecasts for 50+ Global Financial and Commodity Markets / Stock-Markets / Financial Markets 2017
Hello,
On Wednesday, April 12, our friends at Elliott Wave International are "opening the doors" to their entire line of trader-focused Pro Services -- free for 7 days -- during their Pro Services Open House.
EWI Pro Services bring you opportunity-rich, professional-grade forecasts for 50+ of the world's top markets -- many 24 hours a day, complete with Elliott-wave charts and precise forecasts.
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Thursday, April 06, 2017
Buy Precious, Sell Base (Metals). . . / Commodities / Gold and Silver 2017
Precious metals expert Michael Ballanger explains why he believes base metals are overbought and precious metals, especially silver, are set to appreciate.
As the debate rages on and on and on concerning the global economic expansion (U.S.)/recovery (Eurozone)/Ponzi (China/U.K.), I am beginning to feel like a tennis ball in the heated heart of the 1981 McEnroe/Borg Wimbledon final being batted back and forth over the proverbial "Net" of Indecision, Confusion and Fear.
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Thursday, April 06, 2017
4 Maps That Show Why Europe Is Destined for Extinction / Politics / European Union
BY GEORGE FRIEDMAN: The European Peninsula runs from Portugal and Britain in the west, to St. Petersburg in the east, and the city of Rostov-on-Don in the southeast. It goes from the Mediterranean and Black seas to the North Sea and Baltic Sea.
Access to rivers, the Mediterranean, and the North Atlantic has let the European Peninsula build trade routes and flourish economically.
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