Wednesday, February 22, 2017
2017 - A Sterling Year For Silver? / Commodities / Gold and Silver 2017
I have spent most of my life watching, writing, speaking, trading, investing, and listening to almost any and everything to do with the silver market. Given this, there are several insights that you (the market) have provided me over and over again, at a level rising to conviction about many retail silver market participants.
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Wednesday, February 22, 2017
CONTINENTAL RESOURCES: Example Of What Is Horribly Wrong With The U.S. Shale Oil Industry / Commodities / Shale Oil and Gas
According to Continental Resources website, it labels itself as America’s oil champion. To be a champion, one is supposed to be winner. Unfortunately for Continental, it’s taking a serious beating and is a perfect example of what is horribly wrong with the U.S. Shale Oil Industry.
During the beginning of the U.S. shale energy revolution, the industry stated it would make the United States energy independent. The mainstream media picked up this positive theme and ran with it. Americans who wanted to believe in this “Growth forever” notion, had no problem going further into debt to buy as much crap as they could to fill their homes and additional rental storage units.
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Wednesday, February 22, 2017
Stock Market Strong Start to the Week / Stock-Markets / Stock Market 2017
The stock market indices were very strong today to start the week with big gaps up and strong runs early morning, midday they came down three or four times and tested support, unable to break them, and then rallied in the afternoon, finishing near the highs for the day for more new all-time highs.
Net on the day, the Dow was up 118.95 at 20,743.00. The S&P 500 was up 14.22 at 2365.38. The Nasdaq 100 was up 26.00 at 5350.73. All three closed near the highs for the day.
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Tuesday, February 21, 2017
How The Slowing Shipping Industry Could Spark A Banking Crash In Germany / Economics / Germany
BY ANTONIA COLIBASANU : In geopolitics, events rarely occur in isolation.
Several stories about German exports, banks, and the shipping industry recently appeared in the media. But these stories do not gain their full significance unless taken as part of a bigger picture.
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Tuesday, February 21, 2017
Here’s Proof Rising Rates Are Good for Gold / Commodities / Gold and Silver 2017
John Grandits writes: When the Federal Reserve raised interest rates in December—and then laid out a plan to do so three more times in 2017—theory suggested gold should fall. As gold is a non-yielding asset, the cost of holding it increases as rates rise. However, theory doesn’t always convert into practice.
Since the Fed’s decision, gold is up 7.5%—and it’s no anomaly.
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Tuesday, February 21, 2017
3 Ways to Quantify Risk in Today’s Murky Markets / Stock-Markets / Financial Markets 2017
Credit Indicators
One way to calculate market risk is through bond yields. As risk and return are directly correlated when a bond’s yield rises, it implies the risk of owning it has increased.
The main vehicle for measuring risk through yield is the US 10-year Treasury. The 10-year is the bellwether for global bonds as it’s considered a “risk-free” instrument. Since hitting all-time lows in July 2016, its yield has shot up 50%.
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Tuesday, February 21, 2017
The Nexus Between Politics and Economics / Politics / US Economy
President trump made the following crucial statement on February 9th: "We're going to be announcing something I would say over the next 2 or 3 weeks that will be phenomenal in terms of tax." To be sure, the nucleus of the President’s economic plan is the simplification of the tax code. To get this accomplished means everything for the stock market. Without a reduction in tax rates the air compressor that has been blowing up equity prices to near record and unsustainable valuations will explode.
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Tuesday, February 21, 2017
Russia Gold Buying Is Back – Buys One Million Ounces In January / Commodities / Gold and Silver 2017
Russia gold buying returned in January with the Russian central bank buying a very large 1 million ounces or 37 metric tonnes of gold bullion.
The increase in the gold reserves came after Russia did not buy a single ounce in December – a move seen as potentially a signal or an olive branch to the U.S. and the incoming Trump administration.
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Tuesday, February 21, 2017
UK First-time Home Buyer Market is Robust and Ready for Spring / Housing-Market / UK Housing
In just a couple of weeks’ time, Spring will arrive, which is typically the time of year when house hunters start searching for their ideal home as many more houses become listed for sale. Once first-time buyers have built up a big enough deposit to get themselves onto the property ladder, the next port of call is to find the right property and to pick the best mortgage.
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Tuesday, February 21, 2017
Gold and Silver Weekly Update / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the latest moves in the precious metals sector.
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Tuesday, February 21, 2017
Buy Zones in an Crude Oil Bull Market / Commodities / Crude Oil
Technical analyst Jack Chan charts the latest moves in energy market, noting a major buy signal.
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Tuesday, February 21, 2017
US Dollar and Gold Battle of the Cycles / Commodities / Gold and Silver 2017
Nothing has changed from my last post on this pair. I mentioned we should expect some backtesting and that is what I am seeing on the charts. This should be expected, IMO as both are at a key inflection point in their longer Intermediate Cycles and the battle is on.
https://surfcity.co/2017/02/15/usd-and-gold-update/
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Tuesday, February 21, 2017
NSA and CIA is the Enemy of the People / Politics / Intelligence Agencies
Astute students of history understand that government agencies often further their own interests and not the administration they are designated to serve. Seldom is the genuine national security advanced when bureaucrats pledge their loyalty to their respective fiefdoms of projecting influence and power. Absent in this supremacy struggle equation is the abstract notion that state legitimacy is founded upon the will and consent of the people. Such a quaint concept does not reflect a chapter in the training manual that breeds the spooks who operate as above the law and unaccountable super spies.
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Tuesday, February 21, 2017
Is Trump's ISIS Plan Another US Military Invasion? / Politics / War on Terror
Just over a week into the Trump Administration, the President issued an Executive Order giving Defense Secretary James Mattis 30 days to come up with a plan to defeat ISIS. According to the Order, the plan should make recommendations on military actions, diplomatic actions, partners, strategies, and how to pay for the operation.
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Tuesday, February 21, 2017
Big Moves in the World Stock Markets - Big Bases / Stock-Markets / Stock Market 2017
Before we look at some of the 2009 bull market uptrend channels there are a couple of more big consolidation patterns I would like to show you on some of the stock market indexes. The $DAX, German stock market, broke out of its 13 year triangle consolidation pattern back in 2012. Late last year it broke out of the blue bull flag with a nice clean backtest to the top rail. The big triangle consolidation pattern also had a smaller triangle as part of its internal structure.
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Tuesday, February 21, 2017
Stock Market Uptrend Continues / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: Uptrend continues
SPX Intermediate trend: Minor reversal at 2300, followed by resumption of uptrend.
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Monday, February 20, 2017
Stock Market Lindsay’s 107-day Interval / Stock-Markets / Stock Market 2017
George Lindsay wrote of a 107-day interval which he used as a confirming tool for finding highs in the Dow. Like all of Lindsay’s models, this one was not to be used in isolation – a common mistake made by those familiar with his most popular model – Three Peaks and a Domed House.
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Monday, February 20, 2017
Brent Crude Oil Price Technical Update: Low Volatility Leads to High Volatility / Commodities / Crude Oil
Since our last update on oil two months ago (Dec. 22, 2016) Brent Crude has not gone far, rising approximately 2.4% from 54.82 to 56.16 today. During this time it has traded within a relatively tight range (low volatility), from around a low of 53.61 to a high of 58.35.
The chart pattern that has formed in the past two months is either a bullish symmetrical triangle trend continuation pattern or a bearish head and shoulders top. Whichever way the breakout goes should confirm the next direction, either a continuation higher of the 13-month uptrend, or a deeper retracement off the 58.35 high.
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Monday, February 20, 2017
Trump’s Tax System Could Spark The Wave Of Self-Employment / Politics / Taxes
Government is necessary.
That means we have to pay for the things government does. Hence, we have taxes.
The goal of tax policy should be simple: raise the required revenue to pay for whatever government actually—minimally—needs to do. And government should do those things as fairly and neutrally as possible.
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Monday, February 20, 2017
Here’s How to Stay Ahead of Machines and AI / Politics / AI
BY PATRICK WATSON : The Great American Jobs Apocalypse continues to tear our social fabric, and no one really knows what to do about it. If you’re not unemployed or underemployed now, then you know someone who is… and you could always be next.
I keep coming back to this theme in Connecting the Dots (subscribe here for free). That’s because it’s a monumental, paradigm-changing problem, and it affects all of us.
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