Saturday, June 25, 2016
Brexit is Just What the Dr. Ordered / Politics / EU_Referendum
By: Peter_Schiff
Janet Yellen should send a note of congratulations to Nigel Farage and Boris Johnson, the British politicians most responsible for pushing the Brexit campaign to a successful conclusion. While she's at it she should also send them some fruit baskets, flowers, Christmas cards, and a heartfelt "thank you." That's because the successful Brexit vote, and the uncertainty and volatility it has introduced into the global markets, will provide the Federal Reserve with all the cover it could possibly want to hold off on rate increases in the United States without having to make the painful admission that domestic economic weakness remains the primary reason that it will continue to leave rates near zero.
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Saturday, June 25, 2016
Venezuela vs. Ecuador (Chavismo vs. Chavismo Dollarized) / Economics / Venezuela
By: Steve_H_Hanke
With the arrival of President Hugo Chávez in 1999, Venezuela embraced Chavismo, a form of Andean socialism. In 2013, Chávez met the Grim Reaper and Nicolás Maduro assumed Chávez’ mantle.Chavismo has not been confined to Venezuela, however. A form of it has been adopted by Rafael Correa – a leftist economist who became president of a dollarized Ecuador in 2007.
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Saturday, June 25, 2016
A Tale Of Two Asset Classes: Gold Miners Soar, Banks Crash / Stock-Markets / Financial Markets 2016
By: John_Rubino
The following tables illustrate the dilemma of mainstream money management. The vast majority of legitimate financial advisors and portfolio managers are big fans of bank stocks because finance is a crucial, if not dominant, form of economic activity in the modern world. So the big names in the field — Goldman Sachs, Deutsche Bank, JP Morgan, etc. — are generally seen as safe places to put client capital.
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Friday, June 24, 2016
Gold, Silver And PM Stocks Summer Doldrums Risk / Commodities / Gold and Silver 2016
By: Zeal_LLC
Gold’s recent weakness has dampened bullish sentiment, but the entire precious-metals complex has actually enjoyed record early-summer strength. The summer doldrums have always been a vexing time for gold, silver, and the stocks of their miners. Without any recurring seasonal demand surges in June and July, sideways-to-lower drifts are common in this seasonally-weakest time before big autumn rallies.
Traders’ sentiment, their collective greed and fear, drives nearly all short-term price action. Most of the time, sentiment is heavily influenced by expectations. If gold rallies 5% in a month where traders expected 10% gains, disappointment and bearishness will flare. But if gold rallies that same 5% when the outlook was for no gains, traders will grow excited and bullish. Performance versus expectations colors reality.
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Friday, June 24, 2016
Will The European Union Just Dissolve? / Politics / European Union
By: John_Rubino
Now the real fun begins.
Last night Britons voted to leave the European Union, sending shock waves around the world — though not directly or immediately threatening the concept of European integration.
But what comes next emphatically does. Emboldened by the Brits, nationalist parties across the Continent are gearing up for exit votes of their own. Some notables:
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Friday, June 24, 2016
Insanity Definition on Full Display in US Mortgage Market / Housing-Market / Mortgages
By: Michael_Pento
Wells Fargo recently announced a new mortgage product they are calling “A game changer in the industry.” According to the bank, this product is purported to facilitate the dream of homeownership to more people by …wait for it... lowering the down payment and out-of-pocket costs associated with a more conventional mortgage products, while also offering more consumer friendly income and credit guidelines.
This new product that those at Wells Fargo have declared “revolutionary” is called yourFirst MortgageSM and one has to imagine it must have been developed by somebody with a severe case of amnesia and who has recently suffered from a bad concussion.
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Friday, June 24, 2016
Gold Price Breaking the 200 Week Moving Average / Commodities / Gold and Silver 2016
By: Gary_Savage
Gold is breaking through the 200 week moving average this morning. Don’t forget the intermediate cycle is only on week 3. We should still have 12-15 weeks before the intermediate cycle tops.
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Friday, June 24, 2016
BrExit: The System Cannot Hold / Politics / EU_Referendum
By: Raul_I_Meijer
Well, they did it. A majority of Britons made clear they’re so fed up with David Cameron and everything he says or does, including promoting the EU, that they voted against that EU. They detest Cameron much more than they like Nigel Farage or Boris Johnson. It seems that everyone has underestimated that.
Cameron just announced he’s stepping down. And that points to a very large hole in the ground somewhere in London town. Because going through a list of potential leaders, you get the strong impression there are none left. Not to run the country, and not to negotiate anything with Brussels. Which has a deep leadership -credibility- hole of itself, even though the incumbents are completely blind to that.
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Friday, June 24, 2016
Here’s Why China “Economic Hard-Landing” Worries Are Overblown / Economics / China Economy
By: John_Mauldin
Although a number of well-known hedge fund managers such as Kyle Bass and George Soros have publicly stated they believe some kind of a “hard landing” in China is coming, not everyone agrees.
Mark Yusko of Morgan Creek Capital is not in the China “hard-landing” camp. He says while the Chinese economy is facing a number of headwinds and risks as it tries to adjust to a consumer-based model, the authorities are wisely taking a balanced, long-term view.
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Friday, June 24, 2016
Brexit - Gold Note - Brexit Facts - Ramifications for UK, Ireland, EU - Conclusion / Commodities / Gold and Silver 2016
By: GoldCore
We have seen record online sales for this time of day and the phones are ringing off the hook. It is nearly all buying with a preference for gold over silver. We may have to restrict trading to existing clients if we continue to see this level of demand.
We are seeing more selling then expected and seeing some clients choosing to take profits after the very sizeable short term capital gains.
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Friday, June 24, 2016
Jubilee Jolt: Markets Crash, Gold Skyrockets as Britain Takes Brexit / Stock-Markets / Financial Markets 2016
By: Jeff_Berwick
As of the time of this writing most of the votes have been counted and it appears Britain has voted to leave the European Union.
Friday, June 24, 2016
Famous Technical Analyst Now Predicting Financial Markets Crash During Jubilee Time Period / Stock-Markets / Financial Markets 2016
By: Jeff_Berwick
The flurry of banksters, ex-banksters (Alan Greenspan), insiders (Soros) and billionaires all warning we are on the edge of collapse now continues with a famous technical analyst.
In an interview with Business Insider, Sandy Jadeja just predicted market crashes in late August, late September and late October.
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Friday, June 24, 2016
How Investors Are Impacted By The Central Banking Bubble / Stock-Markets / Liquidity Bubble
By: InvestingHaven
Bubbles are not new. The tulip mania, for instance, peaked some 400 years ago. Interestingly, there is one common characteristic about bubbles: that they are considered ‘normal’ during the bubble but ‘abnormal’ after their implosion.
Nowadays, it seems that the whole world has accepted zero (even negative) interest rates. Media and your friends write about negative interest rates as if that is nothing special, and people do not have make a point about it. Never in history, at least not in regular times (non-war), have interest rates been negative. Does this sound like a bubble?
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Friday, June 24, 2016
BrExit Morning - New Dawn for Britain, Independence Day! / ElectionOracle / EU_Referendum
By: Nadeem_Walayat
Despite all that the establishments project fear threw at the EU referendum campaign in an attempt to scare the British people into being good docile wage slaves by following the commands of their masters, those who have owned Britain for centuries! However the establishment elite has clearly grossly underestimated the British people who have found the courage to vote for FREEDOM. And so Britain awakes today, June 24th to a NEW DAWN, A NEW LIFE, the beginning of Britain's Independence from the emerging european super state, and thus best place to cope with the unfolding consequences of climate change that will increasingly make its apocalyptic presence felt with each passing year.
Friday, June 24, 2016
LEAVE Wins EU Referendum - Sterling and FTSE Hit Hard, Pollsters, Bookies and Markets All WRONG! / ElectionOracle / EU_Referendum
By: Nadeem_Walayat
4am BST: With now nearly 20 million votes counted out of an estimated total of 33 million, LEAVE are maintaining a 2% lead of 51% against 49% for REMAIN, then this continues to confirm that LEAVE / BrExit are heading for a referendum win because as Jeremy Vine keeps periodically reminding BBC viewers that LEAVE are doing far better than their models suggested they should be, which if maintained implies that LEAVE are definitely heading for referendum win, which compares against the situation of when the polls closed and the release of YouGov's opinion poll of the day that gave REMAIN a commanding 4% lead over LEAVE, which even prompted Nigel Farage to effectively throw in the towel, apparently after talking to his friends in the city who assured him that REMAIN had won.
Friday, June 24, 2016
Trading BrExit - British Pound Plunges, FTSE Stock Futures Slump on LEAVE Shock Referendum Win / ElectionOracle / EU_Referendum
By: Nadeem_Walayat
3am BST: With now 8 million votes counted, the headline of standings of near 50/50 masks the fact that as Jeremy Vine periodically keeps reminding BBC viewers that LEAVE are doing far better than their models suggested they should be, which if maintained implies that LEAVE are heading for referendum win, which compares against the situation of when the polls closed and the release of YouGov's polling for the day that gave REMAIN a commanding 4% lead over LEAVE, which even prompted Nigel Farage to effectively throw in the towel, apparently after talking to his friends in the city who assured him that REMAIN had won.
Friday, June 24, 2016
EU Referendum Shock Results Putting BrExit LEAVE in the Lead Hitting Sterling Hard / ElectionOracle / EU_Referendum
By: Nadeem_Walayat
Results at 1am BST are reversing the REMAIN camps earlier complacency that following the polls closing had many congratulating themselves after YouGov's 10pm poll that gave REMAIN a commanding 4% lead over LEAVE. We even even saw Nigel Farage effectively throw in the towel, apparently after talking to his friends in the city who assured him that REMAIN had won.
Thursday, June 23, 2016
Final Opinion Poll Gives REMAIN 52% Lead, Bookmakers, Markets and Pollsters ALL Back REMAIN Win / ElectionOracle / EU_Referendum
By: Nadeem_Walayat
The final opinion poll of the EU Referendum campaign by YouGov was released at 10pm just as the polls closed and the counting began, putting REMAIN in a clear 4 point lead on 52% against LEAVE on 48%, which is what the story that the mainstream press is running with given that the first significant results won't be known for at least another 3 hours.
Thursday, June 23, 2016
Reviewing the Basics of the Elliott Wave Principle: The Zigzag / InvestorEducation / Elliott Wave Theory
By: EWI
Free Lesson from Jeffrey Kennedy's Trader's Classroom
The Wave Principle classifies price action as either motive or corrective. Corrective waves move opposite the direction of the primary trend and include the zigzag, flat, triangle and combinations of these patterns. They offer traders an opportunity to rejoin the larger trend. Today, you can listen to a lesson from Jeffrey Kennedy's Trader's Classroom in which he teaches you the basics of the zigzag and shows an example in the chart of Microsoft Corporation (MSFT).
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Thursday, June 23, 2016
A New Balance Of Power In The Gold Market / Commodities / Gold and Silver 2016
By: John_Rubino
Gold analyst Michael Ballanger just posted an article noting how much things have changed — perhaps for the better — in the gold market. Here’s an excerpt: