Thursday, January 19, 2017
Bonds, Dollar, Stocks, Gold, Silver Major Markets at Turning Points / Stock-Markets / Financial Markets 2017
Bonds have risen in a 35 year bull market. That bull market looks tired and probably peaked in July of 2016.
The U.S. Dollar Index recently hit 14 year highs. Has the dollar finally peaked? Has it turned downward since January 3, 2017?
Stocks have been rising since the 2009 crash lows. Rounded to the nearest point, the Dow hit 20,000. Was that enough to make a final top before a major turn downward?
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Thursday, January 19, 2017
Stock Market Dow 20,000: A New Beginning...or The Beginning of The End? / Stock-Markets / Stock Market 2017
After touching the benchmark 20,000 level last month, the Dow Jones Industrial Average has spent the last five weeks in a tight, narrow trading range just under this level. Famed trader Jesse Livermore theorized in his pseudonymous book, Reminiscences of a Stock Operator, that stocks are attracted to major round number levels. In the case of the Dow, the 20,000 level has generated more press and speculation among investors than any number since the formerly mythical 10,000 level was crossed in 1999. Clearly Dow 20,000 carries a tremendous psychological significance, even if it's a simple case of self-fulfilling prophecy.
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Thursday, January 19, 2017
Populism; the Danger? What About Debt? / Politics / Global Debt Crisis
In the spring of 2015, I placed the chart below on global debt levels at the opening of the article. Notice the value of global debt in 2000, 2007 and then half way through 2014.
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Thursday, January 19, 2017
Gold Price 50-DMA Breakout / Commodities / Gold and Silver 2017
In yesterday's alert, we wrote that the decline in the USD Index was likely a temporary phenomenon based on the investor's needless overreaction - the USD reversed and more than erased this week's decline. The metals' reaction was also in tune with our expectations - they reversed. Was this just a one-day phenomenon and will gold rally based on its recent breakout above its 50-day moving average or can we expect more declines in the following days?
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Thursday, January 19, 2017
Turkey, 'Axis of Gold' and End of US Dollar Hegemony / Commodities / Gold and Silver 2017
Introduction
Buy Gold and Lira, Sell Dollars To End “Economic Sabotage” – PM of Turkey
Gold Imports to Turkey Surge 688% In December
‘Tough Turkey’ today
Affinity for gold to save the day?
Central bank gold demand
Personal accumulation
Country’s gold reserves
Turkey Iran gold conduit
Axis of Evil to Axis of Gold
Conclusion: Gold as an insurance policy
Thursday, January 19, 2017
The Most Important Market Chart on the Planet / Currencies / US Dollar
Today I would like to update you on the US dollar as it plays such an important role in so many different markets. Getting the big trend right on the US dollar can help you see what areas are affected by the dollar to invest in. There are alot of areas that have an inverse correlation to the dollar, such as commodities and the precious metals in particular.
Let start with just with just a simple daily line chart that shows the two year sideways trading range with the breakout and the backtest that is currently underway. As you can see this is actually the 2nd backtest to the top rail at the 100 area so there is no question the top rail is hot.
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Thursday, January 19, 2017
Stock Market Interesting, Mixed Session / Stock-Markets / Stock Market 2017
The stock market indices had an interesting, mixed session. A late rally on both the Nasdaq 100 and S&P 500 put them in the plus column, but the Dow did not get into the plus column, although it did come off the lows.
The day started out with a sharp pop to the upside, reaching 5058 Nasdaq 100, filling the gap from yesterday morning. The S&P 500 jumped as high as 2270 1/2, but couldn’t really get over yesterday’s high. The Nasdaq 100 was stronger today. They then pulled back midday, consolidated in wedges, and in the last hour, broke out and ran back up again.
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Thursday, January 19, 2017
USDJPY Elliott Wave Analysis / Currencies / US Dollar
Enda Glynn wries: My Bias: neutral- long
Wave Structure: rally in wave [C]
Short term wave count: wave [iii] grey
Long term wave count: wave [C] is underway, upside to above 136.00
Thursday, January 19, 2017
Trump Deficits Will Be Huge / Interest-Rates / US Debt
There is much we don't know about how the Trump presidency will play out. Will the Wall get built? Who will pay for it? Will it have at least some fencing? Will repeal and replace happen at exactly the same time? Will Trump throw a ceremonial switch? Will there be a Trump National Golf Course in Sochi? It's anyone's guess. But of one thing we can be fairly certain. President Trump is very likely to preside over the largest expansion of Federal budget deficits in our history. Trump has built his companies with debt and I'm sure he thinks he can do the same with the country. His annual budget deficits are likely going to be huge. This development will make a greater impact on the investment landscape than most on Wall Street can imagine.
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Thursday, January 19, 2017
Trump Inauguration Day Will Be a Big Turning Point in the Stock Market / Stock-Markets / Stock Market 2017
BY JARED DILLIAN : Was anybody here trading in 2003?
It was the year we invaded Iraq (regrettably). The markets were expecting a decisive victory. During the days and weeks when American troops advanced on Baghdad, the market climbed. As they entered Baghdad and marched on the center of the city, the market traded higher and higher.
Finally, American troops fastened a rope around the neck of Saddam Hussein’s statue and attached the other end to a tank. The world watched on television as the tank backed down and toppled the statue.
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Thursday, January 19, 2017
The US Is Headed to a Pivotal Socio-Economic Crisis / Politics / Social Issues
BY GEORGE FRIEDMAN AND ALLISON FEDIRKA : This year, the United States will be the main geopolitical power. And President Donald Trump will run it. This will be the first big shift to nationalism in US politics.
This rise in nationalism is global. Its rise stems from the rejection of the internationalist model. This has ruled international relations since the end of World War II.
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Thursday, January 19, 2017
There’s Probably No Solution For Europe’s Problems / Politics / European Union
Our fifty states are essentially what the European Union’s founders wanted: a giant free-trade zone with a currency union and fiscal union. It’s working for us in part because our states, while unique, don’t have the centuries of cultural and linguistic diversity that Europe’s do.
The separate languages, cultures, and histories of its nations don’t mean Europe can’t develop better ways cooperate economically; but the EU structure—specifically the European Monetary Union and the euro—clearly isn’t the answer.
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Thursday, January 19, 2017
Stock Market Trading Patience Pays Off with CHK Using Momentum Reversals / Stock-Markets / Stock Index Trading
One of the key tenants of my Momentum Reversal trading is “waiting for the right trigger/event and getting in early”. I find this is one of the most difficult aspects for most clients to understand and master. Therefore, in an attempt to further illustrate some components of my thinking and strategy, I have put together these examples to try to help people understand these techniques.
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Thursday, January 19, 2017
Gold - How to "Buy Low and Sell High" Like a Pro / Commodities / Gold and Silver 2017
Learn about one group of investors who ACTUALLY know how to time the markets
There's an old saying on Wall Street that goes "buy low and sell high."
It's usually said in jest because it's a feat that's much easier said than done. History shows that most investors pile into bull markets just as they are about to end, and they do the opposite in bear markets: sell right near the bottom, when the fear is at its highest.
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Thursday, January 19, 2017
State of the Global Stock, Financial and Commodity Markets Report 2017 / Stock-Markets / Financial Markets 2017
Greetings,
Major markets around the world -- stocks, bonds, currencies and more -- are poised for major moves in 2017, and our friends at Elliott Wave International have created a new report to get you ready for them.
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Wednesday, January 18, 2017
Gold – 38% Fib Reached / Commodities / Gold and Silver 2017
Gold has tagged the 38% Fibonacci retracement of the previous intermediate cycle. This is the most likely spot for gold to drop into a half cycle low if it’s going to produce one. Dips are buying opportunities in the advancing phase of an intermediate cycle.
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Wednesday, January 18, 2017
Donald & the US Dollar / Politics / US Dollar
John Connally, President Nixon’s Secretary of the Treasury, once remarked to the consternation of Europe’s financial elites over America’s inflationary monetary policy, that the dollar “is our currency, but your problem.” Times have certainly changed and it now appears that the dollar has become an American problem.
In a recent interview with the Wall Street Journal, the soon to be 45th President of the United States believes that the greenback’s strength – up some 25% against a broad basket of currencies since 2014 – is now “too strong,” “killing us,” and has hurt companies trying to compete overseas.* A top Trump economics advisor, Anthony Scaramucci, reinforced his boss’ sentiment adding that “we must be careful of a rising dollar.”
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Wednesday, January 18, 2017
Gold Up 5.5% YTD – Hard Brexit Cometh and Trump Wants Weaker Dollar / Commodities / Gold and Silver 2017
GOLD PRICES UP 5.5% YTD – CONCERNS OF “CALAMITOUS SELF-HARM” TO EU FROM BREXIT AND TRUMP DOLLAR COMMENTS SUPPORT GOLD
Gold prices extended their run of gains to a seventh session and added another $12 to $1,215 an ounce yesterday. Gold prices have consolidated on those gains today and are now up 5.5% in dollar and sterling terms and 5% in euro terms year to date.
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Wednesday, January 18, 2017
The Hunt for Russia's Next Enemy / Politics / Russia
By Ksenia Semenova : Alexander III, the conservative Russian emperor who ruled from 1881 to 1894, once famously remarked to his ministers that Russia has only two allies: its army and its navy. "The others," he said, "will go against us at the first opportunity."
Russian President Vladimir Putin recalled these words in a 2015 speech, adding that he quite agreed with them. At the time, Putin held every card he needed to point to the West and proclaim that the world stood against Russia, leaving it with only its forces for protection. But as the incoming administration of U.S. President-elect Donald Trump moves to embrace Russia and question the West's assumptions about NATO — just as the Europeans have begun to look for warmer ties to the east — Russia's diplomatic environment has started to change. And one thing Putin certainly understands, as Alexander III did, is the Russian government's need for an external enemy. This raises the question: In the new strategic environment that is emerging, who will that enemy be?
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Wednesday, January 18, 2017
Gold, Silver and Bitcoin Soar As Trump’s Comments Cause US Dollar To Plummet / Currencies / US Dollar
We have stated that Donald Trump would be the cause of a barrage of news and market movements.
He’s not even President yet and it has already begun.
In a Friday interview with The Wall Street Journal, Trump said the US dollar, which touched a more-than 14-year high about two weeks ago, has gotten “too strong,” against the Chinese yuan. He told the WSJ, “Our companies can’t compete with them now because our currency is too strong. And it’s killing us.”
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