Sunday, July 03, 2016

UK House Prices BrExit Crash NOT Likely Despite London Property Market Weakness / Housing-Market / UK Housing

By: Nadeem_Walayat

The establishment REMAIN camp peddled the same story for the UK housing market all year, one of a collapse, crash or worse! As operation fear each month ramped up the threats of that which awaited a post Brexit Britain. The house prices crash fear mongering even emanated direct from George Osborne himself who warned: “If we leave the European Union there will be an immediate economic shock that will hit financial markets... That affects the value of people’s homes and the Treasury analysis shows that there would be a hit to the value of people’s homes by at least 10 per cent and up to 18 per cent."

Sunday, July 03, 2016

Independence Day Hypocrisy, Not Democracy / Politics / US Politics

By: Stephen_Lendman

On July 4, 1776, America gained independence from Britain. Everything changed but stayed the same under new management - the way the framers planned it.

Today we'd call them a Wall Street crowd - a deplorable bunch, including bankers, merchants, planters, ship owners, lawyers, politicians, judges, slave owners and traders, speculators, smugglers, privateers, and other type wheeler-dealers.

“We the people,” meant them, not us. They created a government of men, not laws. Property owners alone had rights. Ordinary people didn't matter, entirely left out.

Sunday, July 03, 2016

Anti-Brexiteers Hit London Streets / Politics / EU_Referendum

By: Stephen_Lendman

On June 23, referendum results showed most Brits for Brexit, an anti-neoliberal/pro independence rebellion wanting change.

Union beholden to Brussels sacrifices political sovereignty to a higher offshore authority. Independence may not change much but at least would let Brits chart their own way.

Sovereign independence is sacrosanct, inviolable - the inalienable right of all nations. Union destroys it.

Sunday, July 03, 2016

Stock Market Charts - What Do You See That Frightens You? / Stock-Markets / Stock Markets 2016

By: Jesse

"Peter. Verily, verily, I say to you, when you were young, you dressed yourself, and walked where you liked: but when you are old, you will stretch forth your hands, and another will gird you, and carry you where you would not wish to go."

Since the adults all seem to be leaving Wall Street early today to get a head start to the Hamptons, I will just post the charts as they are now and catch up on any late changes next week.

Sunday, July 03, 2016

UK BrExit Inflation Forecasts Spike CPI to 3%, RPI 4% / Economics / Inflation

By: Nadeem_Walayat

Whilst official UK CPI Inflation continues to hug near 0% at a rate of just 0.3% for May 2016, meanwhile RPI which is the closest official measure to real inflation has continued to nudge higher to 1.4%, which are set against the demand adjusted Real UK inflation rate of 1.8%. So deflation? Not really, real UK price Inflation is actually well above 1% and was already trending towards 2% before BrExit.

Sunday, July 03, 2016

Deflation Is Blowing In On An Eastern Trade Wind / Economics / Deflation

By: Raul_I_Meijer

Brexit is nowhere near the biggest challenge to western economies. And not just because it has devolved into a two-bit theater piece. Though we should not forget the value of that development: it lays bare the real Albion and the power hunger of its supposed leaders. From xenophobia and racism on the streets, to back-stabbing in dimly lit smoky backrooms, there’s not a states(wo)man in sight, and none will be forthcoming. Only sell-outs need apply.

The only person with an ounce of integrity left is Jeremy Corbyn, but his Labour party is dead, which is why he must fight off an entire horde of zombies. Unless Corbyn leaves labour and starts Podemos UK, he’s gone too. The current infighting on both the left and right means there is a unique window for something new, but Brits love what they think are their traditions, plus Corbyn has been Labour all his life, and he just won’t see it.

Saturday, July 02, 2016

The Stock Market is Reading it Wrong! / Stock-Markets / Stock Markets 2016

By: Chris_Vermeulen

The European markets, the British pound, and Euro had rallied for six days prior to its’ meeting based on political polls.  These polls were showing that the vote was too close to call.  The market incorrectly interpreted this as meaning that the “Remain” side would prevail.  The British pound hit a new a year-to-date high last Thursday, June 23rd, 2016, the day of the election. Banks had done especially well in the rally, some being up by almost double digits during their best days.  After the  Brexit vote, they experienced a massive ‘selloff’.

Saturday, July 02, 2016

Sanitized US Drone Report Masks Killing on an Industrial Scale / Stock-Markets / Stock Markets 2016

By: Stephen_Lendman

US administration and congressional news releases reflecting badly on official policies most often occur at low news consumption periods.

Late Friday, the Obama administration chose the start of the July 4 holiday weekend to release its sanitized drone report, an exercise in deception - when few people were paying attention.

It’s not worth the paper it’s written on, fabricated to conceal revealing that drones used for military purposes are instruments of state terror.

Saturday, July 02, 2016

Kerry Suggests Maybe No Brexit / Politics / EU_Referendum

By: Stephen_Lendman

Addressing the right-wing Aspen Institute on Wednesday, Kerry said Brexit “(d)idn’t change a thing.”

“This is a very complicated divorce.” David Cameron is loathe to invoke Lisbon Treaty Article 50, legally required to begin a lengthy Brexit process. He feels “powerless” to negotiate what he doesn’t want.

“(A)nd I think this is a fair conclusion - to go out and start negotiating a thing that he doesn’t believe in and has no idea how he would do it.”

Saturday, July 02, 2016

Two MAJOR Stock Market Warnings Not to Trust This Rally / Stock-Markets / Stock Markets 2016

By: Graham_Summers

The market has exploded higher based on verbal intervention.

The verbal intervention came from Germany’s Finance Minister Wolfgang Schauble. Yesterday Schauble announced that, “measures to avoid market chaos have been successful.”

Traders took this to mean that Central Banks were coordinated a massive intervention. So everyone on the planet bought stocks.

Saturday, July 02, 2016

Stock Market Volatility Continues / Stock-Markets / Stock Markets 2016

By: Tony_Caldaro

The market started the week at SPX 2037. After a gap down opening to start the week, and a decline to SPX 1992, the market reversed and rallied quite strongly for the rest of the week. The two day post Br-exit decline from SPX 2113-1992, was nearly fully retraced when the market hit SPX 2109 on Friday. For the week the SPX/DOW gained 3.2%, and the NDX/NAZ gained 3.4%. Economic reports for the week were positive. On the downtick: pending home sales, construction spending, plus weekly jobless claims and the trade deficit rose. On the uptick: Q1 GDP, consumer confidence, personal income/spending, the PCE, the Chicago PMI and ISM manufacturing. Next week’s reports will be highlighted by monthly Payrolls and the FOMC minutes.

Saturday, July 02, 2016

BrExit Gold And Silver – The Only Money That Matters / Commodities / Gold and Silver 2016

By: Michael_Noonan

The focus this week will be on the charts as much of the Western world remains embroiled in events that become harder and harder to cover up explain.  The elites and their central banker’s curtain continues to be pulled back for all to see, yet the vast majority of the public fails to associate the world’s financial woes as having originated by pure elite greed for control over both money and people.

BREXIT has yet to be put into effect, and it remains to be seen if the globalists will ever allow it to happen.  They have more tricks up their sleeves than a street full of prostitutes.  At least with the latter, there is willing consent.

Saturday, July 02, 2016

George Osborne's BrExit Excuse to Scrap UK Government Debt, Deficit and Borrowing Targets / Economics / UK Debt

By: Nadeem_Walayat

George Osborne Friday announced that he would be using BrExit as an excuse to scrap the cornerstone of his economic policy, one of ending this parliament with an annual budget surplus, instead now stating:

"The referendum result is as expected likely to lead to a significant negative shock for the British economy. How we respond will determine the impact on people’s jobs and on economic growth.

The Bank of England can support demand.

The government must provide fiscal credibility so we will continue to be tough on the deficit but we must be realistic about achieving a surplus by the end of this decade as precisely the flexibility that our rules provide for, and we need to reduce uncertainty by moving as quickly as possible to a new relationship with Europe and being super competitive, open for business and free trading. That’s the plan and we must set to it.”

Saturday, July 02, 2016

Silver Cup and Handles Project to a Potential Price of $54 / Commodities / Gold and Silver 2016

By: Jesse

I know some of you have been projecting these nested 'cup and handle' formations on your own, because several readers have sent their examples to me and have asked for comments.

My first comment is the most important and I wish you to take it to heart.

Projections such as this are not forecasts, because the chart formations in these examples for the most part have not been 'activated' and are therefore merely potential things, possibilities, lines on a page subject to a great many exogenous forces and variables, including human and institutional decisions.

Saturday, July 02, 2016

Breakouts Galore in Gold and Silver / Commodities / Gold and Silver 2016

By: Jordan_Roy_Byrne

Gold broke-out last week on Brexit while Silver waited a week to join the party. The miners, meanwhile cleared 2014 resistance today. There are breakouts across the board in the precious metals space.

The weekly candle charts of Gold and Silver are plotted in the image below. Gold appears to have digested the Brexit pop well as it gained another 1.5% on the week to $1339. If it holds above monthly and quarterly resistance ($1330s) then it should be on its way to $1380-$1400. Meanwhile, Silver surged 9.9% on the week to $19.59. It has broken out from an inverse head and shoulders pattern to nearly a 2-year high. The pattern projects to a target of $22.

Saturday, July 02, 2016

Stock Market Getting Extremely Overbought.....After Extremely Oversold..... / Stock-Markets / Stock Markets 2016

By: Jack_Steiman

The market spent days wondering what would happen with Brexit. Would Britain leave or stay was the big question. A surprise vote of leave had the global markets heading south in a very big way. Our markets took quite a powerful, two-day hit, which allowed the short-term sixty-minute RSI's reach extremely oversold at 15 on the key index charts. After two days of downside, the markets reversed without warning and headed straight north, which allowed the RSI's to approach 80. An over 100-point turn-around occurred on the RSI in roughly three and a half days. That's amazing. Truly unheard of. Things went from intense fear and panic to complete froth, and the need to be in at any cost. Emotional swings like that is something you really never see in such a short period of time. The market is acting more and more like this as time moves along.

Friday, July 01, 2016

Forecasts, Commentary & Analysis on the Economy and Precious Metals / Commodities / Gold and Silver 2016

By: Michael_J_Kosares

Shanghai settles 96% of gold trades in physical metal
Absorbs 90% of global gold mine production

In the World Gold Council's Gold Investor magazine, Jiao Jinpu, Chairman of the Shanghai Gold Exchange, reports that "In its first month, the Shanghai Gold Benchmark Price’s trading volume was 105.91 metric tons of gold kilo bars, corresponding to a turnover of [renminbi] 27.94 billion and an average daily trading volume of 4.81 metric tons. 102.10 metric tons of gold were physically settled, addressing the market’s need for physical gold."

Friday, July 01, 2016

Gold, Silver and Bitcoin Bull Markets Being Driven by NIRP - Video / Commodities / Gold and Silver 2016

By: Mario_Innecco

minako 64 here home of alternative our economics and contrarian views
ah this is a gold and silver and bitcoin update i'm going to talk about the
technical picture for the precious metals and bitcoin and also a little bit
about the fundamentals behind that the moves we've seen
i made a video a couple days ago it was wednesday morning and silver is breaking
out through 18 and that look really positive and silver has continued and
that today we broke through 19 we went very quickly through the 1850s level
which was the high from january 2015 the max target i think is 2150 which is the
high from july two thousand fourteen and as you can see here now
this weekly silver chart going back to 2011 when we had the high of just under
50 at 4975 roughly and then if you take the low from december 2015 at 1365 the
first big important...

Friday, July 01, 2016

Italian Banks & Moving The Risk During Crisis / Companies / Credit Crisis 2016

By: Dan_Amerman

Europe is changing by the hour and the day at this point. In this analysis, I'm going to take a quick look at critical events that have happened in Italy in the last day or so, and how they relate to my recent Video Guide To Bail-Ins series. I will be using three current Bloomberg articles that came out in the space of about 7 hours as references.

Italy did a bail-in of four banks at the end of 2015, which inflicted bail-in losses on many individual savers, using the process explained in Video #2 of the series, "Comparison Of Bail-Outs vs Bail-Ins For Banks", linked below.

Friday, July 01, 2016

Gold-to-Palladium Ratio / Commodities / Gold and Silver 2016

By: Arkadiusz_Sieron

Just behind the podium of precious metals (occupied by gold, silver and platinum) is palladium – an important, but often overlooked investment commodity. Like in case of silver and platinum, the gold-to-palladium ratio indicates the current state of the precious metals market. Investors may benefit from watching a ratio, as it helps to determine the strength of gold compared to palladium. Technically, the number is the price of gold divided by the price of palladium. It shows how many ounces of palladium one ounce of gold can buy.