Tuesday, April 11, 2017
Marc Faber: Euro to Strengthen, Dollar to Weaken, Gold and Emerging Markets to Outperform / Currencies / Forex Trading
Mike Gleason: It is my privilege now to be joined by a man who needs little introduction, Marc Faber, editor and publisher of The Gloom, Boom and Doom Report. Dr. Faber has been a long-time guest on financial shows throughout the world and is a well-known Austrian school economist and an investment advisor and it's a tremendous honor to have him on with us today.
Dr. Faber, thank you so much for joining us again and, how are you?
Marc Faber: My pleasure, thank you.
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Tuesday, April 11, 2017
Gold's Outperformance and Huge Reversal / Commodities / Gold and Silver 2017
Several things happened on Friday and the markets reacted to them, so it's not easy to interpret the final outcome. Was the reversal bearish or was the session bullish as gold didn't decline substantially even though the USD rallied? Was gold's reaction adequate, too small or too big?
Let's start the discussion with a reminder of one of the reasons for Friday's pre-market rally. In Friday's Gold Trading Alert, we wrote the following:
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Tuesday, April 11, 2017
Bank of England Rigging LIBOR – Gold Market Too? / Commodities / Gold and Silver 2017
– Bank of England implicated in LIBOR scandal by BBC
– “We’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.”
– “This goes much much higher than me” -UBS’ Tom Hayes
– Libor distraction as all markets are manipulated today
– Central bank’s “rigging” bond markets and likely gold
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Tuesday, April 11, 2017
Solutions For Surviving US Healthcare Collapse In 2018 / Politics / Healthcare Sector
BY PATRICK WATSON : My weekly letter, Connecting the Dots, has two goals: to be informative and to be thought-provoking (subscribe here for free). Last week, it accomplished both—but not the way I expected.
Many people call the Affordable Care Act a great success that only needs minor adjustments. So when I picked the title of last week’s issue, How to Survive the Obamacare Collapse, I thought some people would be upset that I questioned its viability.
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Tuesday, April 11, 2017
Politicians Say Social Security Is Sustainable, but Numbers Show Otherwise / Politics / Social Issues
We may be the envy of the world in some ways, but the US also has no shortage of stress. Today, we’ll look at some data on growing financial anxiety that is plaguing an increasingly large part of the nation.
Last week, I ran across a survey from NerdWallet on this very issue. They asked 2,000 Americans of all ages about their biggest financial concerns. It turns out the biggest worries are healthcare expenses, lack of emergency savings, and lack of retirement savings.
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Tuesday, April 11, 2017
Negative Interest Rates are Becoming a Reality for Savers / Personal_Finance / Negative Interest Rates
Data from Moneyfacts.co.uk can reveal that the savings market is showing encouraging signs of improvement. The number of rate rises now outweighs the number of reductions for the third month running.
In the month of March, Moneyfacts recorded 163 savings rate rises, with some rates increased by as much as 1.20%. This dwarfs the 65 rate reductions that took place in the same period. As a result, the average five-year fixed rate has now risen to levels not seen since August 2016, reaching 1.81%.
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Tuesday, April 11, 2017
The Trump-Xi Summit Paves the Way to New Realism in US-Chinese Trade / Politics / US Politics
Despite preliminary pessimism, the Trump-Xi Summit showed greater trade pragmatism than initially expected, even though it was overshadowed by a raw display of US military power.President Donald Trump says he developed a "friendship" with President Xi Jinping at Mar-a-Lago. However, U.S. missile attacks against Bashar al-Assad's forces in Syria overshadowed the meeting. Apparently, the White House hoped to kill two birds with one stone: to show to al-Assad who was in control and to Xi what might happen to North Korea if China would not intervene more decisively.
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Tuesday, April 11, 2017
Origin And Danger Of Fractional-Reserve Banking / Currencies / Fiat Currency
If there is any one thing in particular that threatens the collapse of our banking system and financial structures worldwide, it is the practice of fractional-reserve banking. The subject is rarely mentioned in the financial press. When it is mentioned, a clear explanation is usually not available.
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Tuesday, April 11, 2017
Who’s Liking the US Interest Rate Hike Most? / Interest-Rates / US Interest Rates
As investors prepare for what looks like a potentially second rate hike within the first half of 2017, there are those who are still questioning the overall impact of increased interest rates on the economy.By trade, stock market investors gain more when interest rates are higher. This is simply because capital risk assets will reflect the interest rate hike. However, as per the most recent rate hike, things seem to be a little different.
The stock market rallied from late January when a rate hike during the first quarter of the calendar year became more feasible with every Federal Reserve minutes pointing towards an increment.
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Tuesday, April 11, 2017
Trumpism is the First Casualty of the War Party / Politics / US Politics
Are you starting to feel that you have been here previously and have gone through this same drill before? Wagging the kosher tail in front of the controlled media is a rerun that the gullible public never gets tired of. Those who question the orthodox narrative are condemned as disloyal or agents of a foreign power. However, for those who are "stuck on stupid", that alien country is never allowed to identify the Zionist cabal as the real force behind the imposition of the war party's continuous conflict in avoidable bloodshed. The Pavlovian trained domestic wieners that contest any suggestion of a false flag formula, refuse to face facts. The drum beat for Armageddon always works to divert from the true defiler that operates as a fifth column against the genuine national interests of America.
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Tuesday, April 11, 2017
Latest Developments in the Gold and Silver Markets / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the latest developments in the gold and silver markets, including an all-time high in speculation in silver.
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Monday, April 10, 2017
Trump's Biggest Enemy is the Fed / Politics / US Federal Reserve Bank
Right on the heels of Donald Trump's stunning election victory, Democrats began to diligently work on undermining his presidency. That should surprise no one. It's just par for the course in partisan D.C.
However, what appears to be downright striking is that the Keynesian elites may have found a new ally in their plan to derail the new President...the U.S. Federal Reserve.
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Monday, April 10, 2017
After Trump's Syria Attack, What Comes Next? / Politics / US Politics
Thursday's US missile attack on Syria must represent the quickest foreign policy U-turn in history. Less than a week after the White House gave Assad permission to stay on as president of his own country, President Trump decided that the US had to attack Syria and demand Assad's ouster after a chemical attack earlier in the week. Trump blamed Assad for the attack, stated that "something's going to happen" in retaliation, and less than two days later he launched a volley of 59 Tomahawk missiles (at a cost of $1.5 million each) onto a military airfield near where the chemical attack took place.
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Monday, April 10, 2017
Stock Market Still No Clear Short-Term Direction - Will Uptrend Continue? / Stock-Markets / Stock Market 2017
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral
Monday, April 10, 2017
UK Help to Buy Vacuum Contributes to Mortgage Interest Rates Rise / Housing-Market / Mortgages
Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, highlights that the average two-year fixed rate at 95% loan-to-value has increased by 0.25% since January 2017, bringing the figure back to around the same rate it was a year ago.
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Monday, April 10, 2017
A Brave New World for the Kremlin / Politics / Russia
Every country faces generational change. Evolutions in technology, culture, social mores and global affairs can leave a gulf between young and old that neither can easily bridge. In Russia, that gulf is especially vast. As of this year, 27 percent of Russians were born after the fall of the Soviet Union, and that number will jump to nearly 40 percent within the next decade. The rising generation was never Sovietized. Most of them, moreover, are too young to remember the tumultuous 1990s, a decade of war, financial crisis and political disarray. Unlike the older generations, they don't recall President Vladimir Putin's promises to save Russia or the measures he took to stabilize the country after its post-Soviet tailspin. In fact, they've never really known life without him. For Putin, the situation poses an unfamiliar challenge.
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Monday, April 10, 2017
US Dollar and Chinese Renminbi: Mysteries Revealed / Currencies / China Currency Yuan
The Trump administration’s exchange-rate hawks contend that the US should designate China as a “currency manipulator.” In reality, the problem is the strengthening dollar, despite massive debt US owes to foreign countries.
Before the Trump-Xi Summit, the White House has often warned about “currency manipulators” while targeting US trade deficits.
Monday, April 10, 2017
Stock Market Cycle Lows Still Ahead / 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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Sunday, April 09, 2017
Russia and Iran Threaten Retaliation Against Further US Syria Aggression / Politics / GeoPolitics
Russia and Iran accused Washington of crossing unacceptable red lines in attacking Syria - jointly saying they’ll respond to further US aggression, according to Reuters.
A joint statement published by the Ilam al Harbi media outlet said “(w)hat America waged in an aggression on Syria is a crossing of red lines.”
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Sunday, April 09, 2017
Trump is the New Hillary - Attacking Syria Could Start World War III / Politics / US Politics
Donald Trump Warns That Attacking Syria Could Start World War III
Yes, you read the headline right. Donald Trump has warned that attacking Syria could lead the US into World War III!
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