Monday, July 25, 2016
Declines in Multiple Market Indexes / Stock-Markets / Financial Markets 2016
WTIC is making new lows beneath its Head & Shoulders neckline at 44.25. It may make its target by the next Pi date on August 11. If so, that also leaves the door open for a longer decline into the end of August.
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Monday, July 25, 2016
Hubris, Instability and Entertainment - The Only Thing That Grows Is Debt / Politics / Government Spending
John McDonnell, UK Shadow Chancellor of the Treasury (at least it sounds important) appealed to his -Labour- party on Sunday morning TV to “stop trying to destroy the party”, and of course I’m thinking NO, please don’t stop, keep at it, it’s so much fun. When you watch a building collapse, you want it to go all the way, not stop somewhere in the middle and get patched up with band-aids.
It’s alright, let it crumble, it’s had its day. And if it’s any consolation, you’re not alone. Nor is that some freak coincidence. ‘Labour’-like parties (the ‘formerly left’) all over the world are disintegrating. Which is no surprise; they haven’t represented laborers for decades. They’ve become the left wing -and even that mostly in name only- of a monotone bland centrist political blob.
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Monday, July 25, 2016
Japan’s Lemming Central Bank Blindly on the Path Towards Hyperinflation / Interest-Rates / HyperInflation
The financial world is buzzing about former Fed chairman Ben Bernanke's recent trip to Japan, where he advised Japan's central bank chief Haruhiko Kuroda on how to manage his nation out of multi-decades of stagnant growth. Channeling economist Milton Friedman, Bernanke warned that Japan was vulnerable to perpetual deflation and stagnate growth and that helicopter money--where the government issues non-marketable bonds with no maturity date and the Central Bank buys them with counterfeited credit--was the most useful tool in overcoming this condition.
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Monday, July 25, 2016
Retailers Are Doomed as Most Americans Are Too Poor to Shop / Companies / Retail Sector
BY TONY SAGAMI : We are entering the heart of earnings season. It may be a wild one as Wall Street’s outlook is quite poor.
The consensus Wall Street estimates for Q2 profits of the S&P 500 is a 5.6% fall (YOY). That would be the fifth quarter in a row of falling corporate profits.
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Monday, July 25, 2016
Terrorism Fuels Nationalism and Deglobalization of the World / Politics / GeoPolitics
BY PATRICK WATSON : The weaponized truck attack in Nice, France has terrorism fear on the rise once again. The incidents seem to be more frequent, and the death tolls are rising. People are afraid, and they want it to stop.
Don’t hold your breath, says George Friedman of Geopolitical Futures. The top geopolitics expert says all the options are bad. And, the wrong responses could make the problem even worse.
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Monday, July 25, 2016
Here’s One Currency That Could Go to Zero / Currencies / Fiat Currency
BY JARED DILLIAN: Shinzo Abe just scored a decisive victory in the upper house elections. Let me explain why that is not boring.
Abenomics was conceived in 2012 as a way to combat Japan’s never-ending deflation and pseudo-depression. It included a truly massive program of quantitative easing. This involved the printing of yen to buy all sorts of assets—including stocks!
Abenomics has continued for four years… with mixed results.
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Monday, July 25, 2016
Stock Market Short-Term Uncertainty As Investors React To Earnings Releases / Stock-Markets / Stock Markets 2016
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 now 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, July 25, 2016
Six-month Review of the UK Mortgage Market / Housing-Market / Mortgages
When looking back at the first half of 2016 it’s clear to see that the mortgage market has had a significant boost, resulting in some of the lowest rates on record. In fact, research from Moneyfacts.co.uk shows that, since the start of this year, average rates across all fixed mortgage terms have fallen; the average two-year fixed rate has seen the biggest reduction, falling by 0.24% since January this year.
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Monday, July 25, 2016
Is the Banking Stocks Index on Solid Ground? / Companies / Banking Stocks
Last Friday, the Banking Index closed at 67.50 with the C-RSI at a Caution level of +2.07.
The Accelerator had a very small up tick. The Timing Indicator was in positive territory with an up tick that still showed technical upside trending.
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Monday, July 25, 2016
Stock Market Top is Expanding / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: The long-term trend is at an all-time high.
SPX Intermediate trend: The uptrend from 1810 has continued to a new high.
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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Monday, July 25, 2016
The Path to Fed-Exit / Interest-Rates / US Federal Reserve Bank
I recently proposed that the liberty movement capitalize on Brexit with "Fed-exit": a campaign to "secede" from the Federal Reserve. Fed-exit could be accomplished with a few simple policy changes.
Passing Audit the Fed is a good first step toward Fed-exit. Contrary to the Federal Reserve's propaganda, auditing the Fed will not reduce the Federal Reserve's mythical "independence." It will simply allow Congress and the people to learn the full truth about the Fed's conduct of monetary policy.
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Monday, July 25, 2016
Silver Manipulation – Because They Needed the Eggs / Commodities / Gold and Silver 2016
“It reminds me of that old joke- you know, a guy walks into a psychiatrist's office and says, hey doc, my brother's crazy! He thinks he's a chicken. Then the doc says, why don't you turn him in? Then the guy says, I would but I need the eggs. I guess that's how I feel about relationships. They're totally crazy, irrational, and absurd, but we keep going through it because we need the eggs.” - Woody Allen
While there is no question of government enabling, (by decree or inaction), market manipulations haven’t really changed all that much in character over the centuries.
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Monday, July 25, 2016
Why We’re Ungovernable - Violence Goes Random / Politics / Social Issues
This series is based on the premise that debt works the same way for countries as it does for individuals and families: When you borrow too much your life spins out of control. For national and multi-national entities that means elections become unpredictable, economies function erratically, and public policies become more ad hoc and less effective.
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Sunday, July 24, 2016
Silver Market COT Stuns: What's Going On Here? / Commodities / Gold and Silver 2016
Let's start this off with a broad overall look at the various players in the silver market.
Silver CoT Futures and Options Combined, Disaggregated Report
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Sunday, July 24, 2016
Gold Demand Remains Stable During Sector Weakness / Commodities / Gold and Silver Stocks 2016
My favorite indicator for real time Gold demand is the amount of Gold in the GLD and its fluctuations over time. As we wrote in our book , the driving force for Gold is investment demand which is driven by changes in real interest rates. Western-based investment demand from big money (i.e Stan Druckenmiller and George Soros) shows up mostly in the ETFs and specifically, GLD. The amount of Gold in GLD has risen steadily even as Gold consolidated a few months back and has been stable in recent weeks even as Gold and gold stocks correct their Brexit breakouts.
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Sunday, July 24, 2016
Sernova, Diabetes and Haemophilia / Companies / Healthcare Sector
Paul Lacey was a researcher at Washington University when, in 1972, he cured some diabetic rats by transplanting the islet cells from healthy rats into diabetic ones.
Over the next two decades researchers made many attempts to apply the procedure to humans. Unfortunately no one was successful. By the early 1990’s most scientists had come to the conclusion that islet-cell transplantation was a lost cause.
Drs. James Shapiro, Jonathan Lakey and colleagues from the University of Alberta in Edmonton were successful at improving the treatment of a select group with severe diabetes through development of the Edmonton protocol in the late 1990s.
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Sunday, July 24, 2016
Russia: Tensions, Turmoil, and Western Hubris / Politics / Russia
"The 3 Big Stories NOT Being Covered – PART 1” With Graham Mehl. Anyone who has read this publication for any length of time knows that topics range from mainstream to the totally uncovered stories. As we look out not just across the economic landscape, but across the world in general, we are seeing an alarming increase of serious situations that are receiving little or no coverage at all from the western media. Thankfully there are hundreds if not thousands of reliable people who chip in with analysis and stories of their own on some of these topics.
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Sunday, July 24, 2016
Stock Market Has Topped; GDX Continues Down / Stock-Markets / Stock Markets 2016
The signs of a stock market top came on July 22 when the SPX made a truncated pseudo 5th wave failure at 2175. There were many astro/cyclical signs pointing to a July 19/20th top. My thinking regarding a continuation higher for the stock market is now not warranted.
GDX is about to break an important uptrend line and the technical/cyclical read is down hard next week to near $25 .20. Gold and silver could make a final bottom in early August.
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Saturday, July 23, 2016
Gold And Silver – Debt Addiction Will Carry Precious Metals Higher, Guaranteed / Commodities / Gold and Silver 2016
All is not so well within the elite’s New World Order. Their tried and true template of Problem-Reaction-Solution is in full gear as chaos reigns throughout the globe, which is exactly how the globalists like to see events unfold. Chaos [Problem] leads to unnerving situations [Reaction] amongst the masses that eventually cry out for resolve and a return to “normalcy” [Solution, but only as intended by the elites]. Invariably, a return to some kind of order requires the giving up of freedoms, and it often entails tightening the noose of economic hardship.
Sadly, the rinse-and-repeat familiarity of this Problem-Reaction-Solution scenario never seems familiar to the masses. Each time is “different,” that is to say the events may seem to be different, but the procedure of how the events unfold each and every time throughout history is never different.
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Saturday, July 23, 2016
Soybean Commodity Price to Soar Again / Commodities / Agricultural Commodities
The soybean price had a cracker of a run recently and is now consolidating. Once this corrective phase is over I expect price to soar once more to even greater heights.
Let’s review the technicals beginning with the longer term yearly chart.