Saturday, February 11, 2017

Uptrend in Silver (XAG/USD) Continues to Strengthen / Commodities / Gold and Silver 2017

By: MarketsToday

Spot silver (XAG/USD) closed strong last week (17.93), near the high of the week (18.00), as it continues to push up against the top trend line of a relatively well constructed ascending channel. It has been in a rising trend channel for the past seven weeks, ever since hitting a bottom at 15.64 in December. As of last week’s high, silver was up 15.1% off that December low.

Saturday, February 11, 2017

​The New Retirement – Big Pill To Swallow! / Stock-Markets / Financial Markets 2017

By: Chris_Vermeulen

President Donald J. Trump was elected the 45^th President of the United States to preside over the largest debt collapse ever in U.S. history.  During this four-year term, he and his administration will be most feared and hated president there ever was. The odds are stacked high against his ideology of “Making America Great Again” during his term in office.

Saturday, February 11, 2017

Greece Debt Crisis Outrageous Malevolence / Interest-Rates / Eurozone Debt Crisis

By: Raul_I_Meijer

Earlier this week I was talking in Athens to a guy from Holland, who incidentally with a group of friends runs a great project on Lesbos taking care of some 1000 refugees in one of the camps there. But that’s another topic for another day. I was wondering in our conversation how it is possible that, as we both painfully acknowledged, people in Holland and Germany don’t know what has really happened in the Greek debt crisis. Or, rather, don’t know how it started.

That certainly is a big ugly stain on their media. And it threatens to lead to things even uglier than what we’ve seen so far. People there in Northern Europe really think the Greeks are taking them for a ride, that the hard-working and saving Dutch and Germans pay through the teeth for Greek extravaganza. It’s all one big lie, but one that suits the local politicians just fine.

Saturday, February 11, 2017

Dr. Copper on Call for Gains / Commodities / Copper

By: Mike_Paulenoff

Copper (made a new 18-month high on Friday, breaking out of a 10-month sideways bullish digestion zone that formed atop its 5-year down trendline at 2.48. Copper is poised for upside continuation to 3.00 next.

Let's notice that the strong recovery in Copper has coincided with a powerful upmove in 10-year Yield (lower chart).

Saturday, February 11, 2017

SPX Stock Market 1-year Anniversary New Highs / Stock-Markets / Stock Market 2017

By: Tony_Caldaro

The market started the week at SPX 2297. After a pullback to SPX 2289 on Monday, the market rallied to SPX 2299 on Tuesday. Wednesday’s pullback took the SPX to 2285. Then the market rallied to all-time new highs on Thursday/Friday. For the week the SPX/DOW gained 0.90%, and the NDX/NAZ gained 1.25%. Economic reports for the week were split. On the downtick: consumer credit/sentiment, import prices and the Q1 GDP estimate. On the uptick: wholesale inventories, export prices, treasury budget, plus the trade deficit and weekly jobless claims improved. Next week’s reports will be highlighted by FED chair Yellen’s semiannual monetary policy report to Congress, industrial production and retail sales. Best to your week!

Saturday, February 11, 2017

Bitcoin Making Waves In China and Japan / Currencies / Bitcoin

By: Jeff_Berwick

As we’ve said here many times, bitcoin is not a revolution in money and banking.  A revolution means returning to where you came from. Instead, bitcoin is an evolution in money and banking.

It changes the game so massively that the entire financial, monetary and political systems have no idea how to deal with it. For this reason, nearly every country in the world has a different “policy” when it comes to bitcoin.

Saturday, February 11, 2017

Gold and Gold Stocks Hit Upside Targets. Now What? / Commodities / Gold and Silver Stocks 2017

By: Jordan_Roy_Byrne

The precious metals sector has reached the upside targets we've written about since the start of 2017. Gold has touched almost $1250/oz ($1246/oz high) while GDXJ exceeded our $41 target and GDX nearly reached $26. The glass half empty case is the sector is now at strong resistance levels and any immediate upside will be difficult to sustain. On the other hand, the gold stocks are showing the internal (strong advance/decline line) and relative strength (leadership against Gold) that bodes for additional gains. There may be some more upside potential but the risk of a medium term correction looms in the background.

Saturday, February 11, 2017

Moving Stock Market Targets: Investors Need to Discriminate! / Stock-Markets / Stock Market 2017

By: Gary_Tanashian

In the current political climate herds are running every which way. There is the anti-Trump herd, the pro-Trump herd, the liberal herd, the conservative herd, the CNBC herd, the mainstream financial services industry herd, the Armstrong herd, the gold bug herd... and there are all those ideologies in play. But robotic thinking, unless it is in service to profitable trades like this one on an excellent company providing automation (ref. recent Fanuc NFTRH+ highlight), does not pay (disclaimer: I've sold and taken the profit).

So stop right there! These are the financial markets, and if you have not checked your deepest held beliefs, your virtue, your bigotry and in general, your bias at the door you are going to lose.

Saturday, February 11, 2017

Sheffield Trees Felling Crisis, Police Dawn Raids and Arrest, Amey £2bn PFI / Politics / Sheffield

By: Anika_Walayat

Sheffield continues to make the national headlines for all the wrong reasons, one of people across Britain asking why is Sheffield renowned for being the greenest city in Britain is in the process of cutting down thousands of its most ancient trees? This selection of recent videos answers why as one of private profit, a huge £2bn PFI contract with Amey, coupled with lack of city council competency in managing Amey as being at the heart of Sheffield's trees felling crisis. Which is increasingly prompting the people of Sheffield to rise up and protest against the apparent madness that has gripped the city that includes dawn police raids to chop down trees and a growing list of arrests of protesting residents.

Friday, February 10, 2017

Learn to Trade Markets Better with Elliott Waves Now, Free / InvestorEducation / Elliott Wave Theory

By: EWI

Dear trader,

As a trader, the one question you ask yourself constantly is:

"Next, is the market going up, down -- or sideways?"

That's all that matters. But how do you get your answers?

Friday, February 10, 2017

Gold Stocks Strong New 2017 Upleg / Commodities / Gold & Silver Stocks 2017

By: Zeal_LLC

Gold stocks are on fire this year, powering higher in market-dominating performance.  This is a massive reversal from their dark fourth quarter, with 6/7ths of those losses already erased.  But this strong new upleg still remains young and small by historical standards.  Gold stocks’ recent rally is only the vanguard of another major bull-market upleg.  This sector’s bullish technicals reveal vast upside potential from here.

The gold miners are a small contrarian stock-market sector that isn’t widely followed.  Hearing about how the gold stocks are faring in the mainstream financial media is pretty rare.  So this sector generally flies under the radars of the great majority of speculators and investors.  That’s rather unfortunate, because the gold stocks have enjoyed some of the greatest gains in all the stock markets in this young century.

Friday, February 10, 2017

Brace Yourself, There May Be An Epic Collision Between Trump and Yellen / Interest-Rates / US Federal Reserve Bank

By: John_Mauldin

BY JARED DILLIAN : The FOMC recently held its first meeting since Trump took office. But before I get to that, I want to talk about the backdrop to the meeting… Trump’s relationship with Yellen and Yellen’s relationship with Trump.

Trump hasn’t had much good to say about Yellen. He said that her interest rate decisions were politically motivated. Hey, I was saying the same thing at the time. No disagreement out of me. No rate hikes for years, and now that Trump is elected, the Federal Reserve is suddenly keen on hiking with renewed vigor.

Friday, February 10, 2017

NATO Is Obsolete for the US / Politics / US Military

By: John_Mauldin

BY GEORGE FRIEDMAN : Donald Trump deeply upset the Europeans when he raised the possibility that NATO is obsolete and that the European Union is failing.

But this isn’t the first time these issues have been discussed. I wrote about it last year, and the conversation has only continued.

What Trump has done is simply bring into the open the question of Europe’s relationship with the US.

Friday, February 10, 2017

The Most Exciting Period of Human History Is yet to Come / Politics / Technology

By: John_Mauldin

While complexity mathematics and information theory may be relatively new, the general concepts contained in them were well known to previous generations of economists dating back to Adam Smith.

Friday, February 10, 2017

Tension between Italy, Germany, and the EU Is Growing / Politics / European Union

By: John_Mauldin

BY ANTONIA COLIBASANU : As mentioned in our 2017 forecast, Geopolitical Futures said that the evolution of the Italian banking crisis will force a confrontation between Italy, Germany, and the European Union. The groundwork for this confrontation was laid last year, and the face-off has further evolved already this year.

In December 2016, two Italian members of the European Parliament (MEPs) from the populist Europe of Nations and Freedom groups asked the European Central Bank (ECB) in a letter to explain the “widening balance divergences between individual countries [in the eurozone] since the 2008 crisis.”

Friday, February 10, 2017

Great Fiscal Rotation and Gold / Commodities / Gold and Silver 2017

By: Arkadiusz_Sieron

Reflation is a fact, at least for a while. And it is not limited to the U.S., as it is a truly global phenomenon – since 2016, the rebound in economic activity has been seen both in the advanced and emerging markets (this is partially due to the flattening in deep recessions in Russia and Brazil). The broad-based improvement is bad for the yellow metal, as it signals a more lasting revival. Additionally, although the recent rebound has mainly been triggered by the huge fiscal stimulus in China, the advanced economies have also improved significantly, in particular the U.S. It means negative news for gold, which is more sensitive to developments in America.

Friday, February 10, 2017

SPX is Testing the Trendline / Stock-Markets / Stock Market 2017

By: Anthony_Cherniawski

Good Morning!

SPX futures are marginally higher, but appear not to have broken above the trendline. The futures have not broken above yesterday’s high, so there is one technically bearish sign.

ZeroHedge writes, “S&P futures rose further into record territory, European shares rose to within striking distance of their highest levels in more than a year while bonds fell and the dollar rose as investors cheered a surge in Chinese trade data amid hopes of "phenomenal" tax cuts by Donald Trump, all of which have rekindled the Trumpflation trade.”

Friday, February 10, 2017

Gold Prices Up 5.8% YTD As Trump ‘Honeymoon’ Ends / Commodities / Gold and Silver 2017

By: GoldCore

Gold prices continued to shine this week reaching $1,244.70 per ounce and and has posted gains in five of the last six weeks. This week it reached a new three-month high – it’s highest since the Trump win and has climbed over 6% this year, beating the gains made in the same period in 2016.

Friday, February 10, 2017

Stock Market Very Solid Session / Stock-Markets / Stock Market 2017

By: Harry_Boxer

The stock market indices had an up-day today, and a strong one, particularly by midday, making new all-time highs across the board. The day started out with a pop to the upside, a little pullback, and then they ran, the Nasdaq 100 going from 5197 to 5221, a new all-time high. In the afternoon, they came down to 5209, and bounced back to 5222, but couldn’t hold it, and backed off to 5212. The S&P 500 started out with a pop, and kept on running, reaching as high as 2320, a new all-time high, and backed off to 2307. All three indices came down slightly at the end of the day, but still closed in the green column.

Friday, February 10, 2017

USD and Gold Cycle Update / Currencies / US Dollar

By: SurfCity

Just a quick update on the USD and Gold. Todays move by the USD finally seemed to put a pause in the relentless uptrend by Gold and the Miners. I have the USD on day 6 now in what is very clearly a new short term Trading Cycle.

My cycle analysis indicates that this USD Trading Cycle uptrend should top out sometime in the next two days if it is to be a Left Translated cycle that fails. If it does not, this would be an early warning that the USD may have also found its longer term Intermediate Cycle Low as well.