Thursday, September 29, 2016

HSBC’s Chief of Technical Analysis Just Warned of a Potential 1987-Type Crash / Stock-Markets / Stock Market Crash

By: Graham_Summers

The head of HSBC’s Technical Analysis group just issued a major warning.

Unless the markets can take out its September highs, we could very well see a repeated of the 1987 Crash.

Murray Gunn is head of technical analysis for HSBC. In a recent client note, he pointed out the Head and Shoulders top pattern that presaged the 1987 Crash.

Thursday, September 29, 2016

GOLD MARKET FLASH NOTE: Ending With a Bang, Not a Whimper / Commodities / Gold and Silver 2016

By: The_Gold_Report

Rudi Fronk and Jim Anthony, co-founders of Seabridge Gold, discuss how extreme monetary policy does not stimulate growth.

Thursday, September 29, 2016

Gold vs. Paper: The Only Debate That Matters / Commodities / Gold and Silver 2016

By: Peter_Schiff

Thursday, September 29, 2016

Mining Stocks’ Rally Despite Gold’s Decline / Commodities / Gold and Silver Stocks 2016

By: P_Radomski_CFA

Quite a few rallies in the recent months were preceded by the mining stocks’ outperformance relative to gold and we just saw the same kind of phenomenon on Wednesday – GDX rallied while gold declined. Is the bottom in?

Let’s take a look at the miners’ chart for details - other charts don’t feature important changes from what we described previously so mining stocks are the part of the PM sector that we’ll focus on in today’s free article (charts courtesy of http://stockcharts.com):

Thursday, September 29, 2016

BEA Revises Q2 2016 US GDP Growth Upward to 1.42% / Economics / US Economy

By: CMI

In their third and final estimate of the US GDP for the second quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the growth rate was +1.42%, up +0.33% from their previous estimate and up +0.59% from the prior quarter. Most of the improvement in the headline number came from a +0.24% upward revision in commercial fixed investment. None of the other revisions were statistically significant.

Thursday, September 29, 2016

What a Trump Win Means for The Stock Markets? Disaster or Buying Opportunity / Stock-Markets / Stock Markets 2016

By: Sol_Palha

"As a man handles his troubles during the day, so he goes to bed at night a General, Captain, or Private." ~ Edgar Watson Howe

We would like to state that this article is not about politics but about the effect these two polarising individuals will have on the market.  Before the debate, the outlook was somewhat favourable towards the Donald and immediately the markets reacted and started trending lower. Regardless of what you think of Trump, he is having the same effect as Brexit had on the markets but in smaller doses. If he should win the election, then the reaction will be several magnitudes larger. When the poll results came in stating that Hillary fared better in the 1st debates the markets responded positively and recouped their losses; this reinforces our argument of several years that says substantial pullbacks should be viewed as buying opportunities.

Thursday, September 29, 2016

SPX is at the 80% retracement. Will it turn here? / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

Good Morning,

Thus far the SPX has made an 80% retracement. Normally this would be a dubious distinction, since the odds grow of making a new high beyond the 78.6% retracement. However, this seems to be standard operating procedure for this top, so we’ll have to monitor it as it develops. Being the end of the quarter doesn’t help the bearish cause, but a lot of big name stocks are not making new highs, which is a first.

Thursday, September 29, 2016

Stocks Extend Their Short-Term Gains, But Will They Continue Higher? / Stock-Markets / Stock Markets 2016

By: Paul_Rejczak

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).

Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is 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

Thursday, September 29, 2016

BlackStone Group Says The Stock Market Is The Most Treacherous They Have Seen / Stock-Markets / Stock Markets 2016

By: Jeff_Berwick

There has rarely ever been another time like this.

Not since 1999 and not since 1929 before that, have so many billionaires, central banksters, financial elites and fund managers, warned that we are on the verge of a catastrophic bust.

Thursday, September 29, 2016

Could the OPEC deal set stage for the Next Stock Market Risk Rally? / Stock-Markets / Stock Markets 2016

By: John_Mesh

We have been advising our clients about the market internals and fundamentals to be mildly bullish. Against popular opinion we have stuck to our guns that market will rally before the next big correction. The news of an OPEC deal could be the trigger if true. Reuters and other media outlets reported from Algeria on Thursday that OPEC members had agreed to cut oil output for the first time since 2008. Reuters reported OPEC members would limit production to a range of 32.5 million to 33 million barrels per day, down slightly on August's output of 33.2 million barrels a day, but there were few details availabe on the deal. Oil prices surged about 5 percent in response, with West Texas Intermediate trading at $46.75 per barrel. Without a deal, analysts had said oil could plunge to $40 or lower. ItThe OPEC deal to cut oil production may provide a short-term support for prices, but chances are it won't change the supply outlook much, Goldman Sachs said. Goldman said in a note to investors that it was sticking with its forecasts for WTI at $43 a barrel for the end of this year and $53 a barrel in 2017. The investment bank had cut its year-end forecast this week from $50 a barrel.

Thursday, September 29, 2016

Why Trump Lost, Hillary Won the 1st U.S. Presidential Debate / ElectionOracle / US Presidential Election 2016

By: Nadeem_Walayat

The pollsters, political pundits and bookies all conclude that Donald Trump lost the 1st presidential debate. Apparently it was not even close, and personally having watched the debate and waiting for Hillary to make her fatal cough which never happened, I too can vouch that those who watched the debate and were not a vested interest would conclude that Hillary clearly won as the following video illustrates why:

Thursday, September 29, 2016

OPEC Announcement Triggers Late Stock Market Rally / Stock-Markets / Stock Markets 2016

By: Harry_Boxer

The stock market indices had a turn-around Wednesday as the markets exploded. However, in the morning, they came down hard, held secondary support, and then rallied smartly, accelerating, in particular, when OPEC made the announcement that they may have come to an agreement on production cuts. At that point, the Nasdaq 100 rallied from 48.50 to 48.78, and the S&P 500 rallied from 21.52 to 21.72, both closing near the highs for the day.

Thursday, September 29, 2016

Is a Dollar Crash Imminent After the Senate Overrides Obama Veto on Saudi 9/11 Bill? / Stock-Markets / US Dollar

By: Jason_Hamlin

President Obama just had his first veto override of his entire presidency today, as the Senate and House both voted to override his veto of the 9/11 victims bill, Justice Against Sponsors of Terrorism Act (JASTA). As of this moment, the Sept 11 bill is now law.

Intense lobbying by both the Obama Administration and the Saudi government didn’t amount to much in the end, with strong public support leading to a 97-1 veto override vote today. The long defector from the unanimous vote back in May was Sen. Harry Reid (D – NV). The House easily cleared the two-thirds threshold with a 348-77 vote.

Thursday, September 29, 2016

2017: Gold and Silver's Year of "Public Recognition" / Commodities / Gold and Silver 2016

By: MoneyMetals

In all probability, December 2015 marked the bottom of the cyclical gold and silver bear market – a bear cycle that had been in play since silver topped in May 2011 and gold in September of the same year.

During the fourth quarter 2015, share price declines of the precious metals mining companies tapered off once the last of the weak hands gave up and sold their positions to stronger, forward-looking investors.

Thursday, September 29, 2016

Did Trump Win the 1st US Presidential Election Debate? - There's Something Happening Here... / ElectionOracle / US Presidential Election 2016

By: Nadeem_Walayat

The pollsters, political pundits and bookies all conclude that Donald Trump lost the 1st presidential debate. Apparently it was not even close, and personally having watched the debate, waiting for Hillary to make her fatal cough which never happened, I can vouch that those who watched the debate and were not a vested interest would conclude that Hillary won.

Thursday, September 29, 2016

FED Goes from ZIRP to NIRP! / Interest-Rates / NIRP

By: Chris_Vermeulen

The FED has not followed through on their numerous promises of a rate increase that Yellen and other FED officials have made over the past several years. She spoke about purchasing assets of private companies and also mentioned that the FED could modify its inflation target.

Investors will most likely purchase shares in companies whose assets have been purchased by the FED since it is likely that Congress and federal regulators would treat these companies as “too big to fail.” Federal ownership of private companies would also strengthen the movement to force businesses to base their decisions on political rather than economic considerations.

Wednesday, September 28, 2016

Is a “$46 TRILLION” Lehman Brothers Event Just Around the Corner? / Companies / Financial Crisis 2016

By: Graham_Summers

The financial world is abuzz with talk of the first Presidential debate.

Meanwhile, one of the largest derivatives books in the world is imploding.

Deutsche Bank (DB) is the 11^th largest bank in the world. And it has over $61 TRILLION (with a “T”) in derivatives on its books.

Wednesday, September 28, 2016

Will Deutsche Bank’s Collapse Be Worse Than Lehman Brothers? / Companies / Credit Crisis 2016

By: Graham_Summers

Few analysts noted it, but the $USD actually staged its second strongest day of the year the Friday before last.

The only other day in which the $USD rallied more was on the day of BREXIT, a black swan event that featured EXTREME currency volatility.

Wednesday, September 28, 2016

It’s Not Just Obamacare–Healthcare Systems Are Failing Everywhere / Politics / Healthcare Sector

By: John_Mauldin

BY PATRICK COX : I’ve talked to many Canadian tourists who tell me that they’re having some medical procedure done while in the States. This is because the wait can be so long back home. As an uncouth American with borderline Tourette’s, I like to point out that their government health care doesn’t seem like such a utopian system after all. This typically provokes a defense of the Canada Health Act of 1984.

Wednesday, September 28, 2016

Here’s Why You Should Be in Cash Right Now / Stock-Markets / Financial Markets 2016

By: John_Mauldin

BY JARED DILLIAN : People are seriously undereducated on the benefits of being in cash.

The cool thing about cash is that it doesn’t go down. You can’t lose money if you have cash—unless it gets stolen or your bank account gets hacked. We don't have negative rates in the US yet, so you can’t complain about that. If you have money in cash, you will earn zero.