Thursday, April 07, 2016

Gold Once Again Proves To Be The Best Defense Strategy / Commodities / Gold and Silver 2016

By: Submissions

Taki Tsaklanos submits: If you are used to making visits to your bank to make your credit card payments, you may find this no longer an option in the future. Some banks are no longer accepting (or limiting their acceptance) of cash deposits. The war on cash forges on. Paper money, that is indeed more or less worthless, is slowly being taken out of circulation and being replaced by digital currency forms. This shift presents of course the same fundamental problem as paper money itself: “digital money” is also not backed by gold or other precious metals or any asset representing real value. The whole concept of digitizing our transactions is being marketed as a convenience, a hassle-free payment method and a transparent, easy new way to smoothly run our lives and businesses, without the burden of carrying cash around. However, the realistic flip side of this joyful argument is more ominous than we might at first realize: Now, account monitoring or freezing, and confiscations will be easier than ever. And of course, by eliminating cash, central banks are getting rid of the last existing barrier to negative interest rates.

Thursday, April 07, 2016

Fed Minutes Not Pretty....Bad News For Financial Stocks.... / Stock-Markets / Stock Markets 2016

By: Jack_Steiman

The fed minutes came out today and they weren't pretty, if you're a believer in the global economic recovery theme. Ms Yellen said the committee felt that there were still strong risks to the global economy, and, thus, the unspoken words were that there won't be any further rate cuts for a while. Financial stocks hated this and moved lower, which temporarily hurt the action in the overall market. Nothing terrible, but that sector took a big hit on the news. When the financial stocks are struggling, it's a lot harder for the market to move up simply because of the heavy weighting in those stocks. If Yellen had hinted anything about a global future recovery, they would have exploded.

Thursday, April 07, 2016

Best Cash ISA for 2016-17, 4% Help to Buy and P2P 9% Alternatives? / Personal_Finance / ISA's

By: Nadeem_Walayat

Good news, its a new tax year which means savers can deposit upto £15,240 into a tax free cash ISA savings account. Now for the bad news, the banking syndicate's cash ISA rates continue to be relentlessly ground down towards ZERO, where each new tax year tends to see worsening rates offered and this year is no different, Worse still is that Britains banks tend to further penalise ISA savers by typically paying LESS interest than on the SAME term NON ISA account, which makes a mockery of the large annual ISA allowances of £15,240, which means its near impossible to find a rate even half the 5% that could be secured in the pre-funding for lending scheme days (July 2012).

Thursday, April 07, 2016

Bullard - Fed Reserves the Right to Change U.S. Interest Rate Policy at Any Time / Interest-Rates / US Interest Rates

By: Bloomberg

St. Louis Federal Reserve President James Bullard spoke with Bloomberg Radio's Kathleen Hays today on Bloomberg Radio & Television. While Bullard said he "didn't want to prejudge" whether the committee could act in April, the St. Louis Fed official said last month's employment report showed "continuing improvement" in the labor market.

Bullard said the Fed reserves the right to change policy at any time: "Not only have we moved at all kinds of different meetings, we've actually had inter-meeting meetings, special meetings, and moved at those meetings. So you can do a lot of things. You know, I'm not saying we're I'm planning on that or anything, but the Committee certainly reserves the right to make a move at any time... We debate at all meetings. I think all meetings are live meetings. There's no other way to think about it."

Thursday, April 07, 2016

Gold Price Testing Key Technical Support – Is There More Downside Ahead? / Commodities / Gold and Silver 2016

By: Jason_Hamlin

The gold price advanced sharply during the first three months of 2016 (+16%), marking its best quarter in 30 years. However, it corrected from a high around $1,287 to $1,200 over the past few weeks. There was a nice bounce yesterday, but gold has once gain dropped today, back below $1,220. With this latest pullback in the gold price, many investors are wondering if the 2016 rally was a false breakout or if the new gold bull market is just getting started.

Wednesday, April 06, 2016

The Outlook for Crude Oil Prices / Commodities / Crude Oil

By: Donald_W_Dony

Light crude oil prices (WTI) has remained in a downward trend since mid-2014. With its fresh new low in Q1, 2016 and price resistance now building at $42.40, the outlook remains negative.

The U.S. dollar's impact continues to play out against the commodity.
With the improving economic status of the U.S. coupled with a Fed agenda of gradual interest rate increases this year, the currency remains with a steady tailwind (Chart 1).

Wednesday, April 06, 2016

Central Bank Demand & Emerging Market Demand Are, To Me, The Bit Under The Gold Market! / Commodities / Gold and Silver 2016

By: Gordon_T_Long

FRA Co-founder Gordon T. Long is joined by Jordan Eliseo in discussing the value of precious metals as an investment.

Jordan Eliseo is a much sought-after and respected financial commentator and economic analyst with close to 20 years experience in the financial sector. After working for some of the biggest names in the global financial marketplace including Deutsche Bank, JP Morgan and AMP Capital, Jordan has amassed a wealth of experience analyzing investment markets.

Wednesday, April 06, 2016

Does the Dow Sport a Triangle Formation? / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

Followers of the Dow see a potential Triangle formation in their analysis.  They suggest that there will be one more decline, possibly to new lows, in a Wave [E] before the Dow rallies to new highs in 2017. 

It is a credible claim, based on Elliott Wave guidelines.  However, the triangle form does not appear in any other major indexes. 

Wednesday, April 06, 2016

Gerald Celente Speaks Out on Election-Year, Middle East, and European Chaos -- and GOLD! / Commodities / Gold and Silver 2016

By: MoneyMetals

Mike Gleason: It is my privilege to speak with Gerald Celente, published of the renowned Trends Journal. Mr. Celente is a frequent and highly sought after guest on news programs throughout the world, and has been forecasting some of the biggest and most important trends before they happen for more than 30 years now, and it's a real honor to have him speak to our listeners and readers today.

Mr. Celente, welcome back and thank you for joining us again.

Wednesday, April 06, 2016

USD Breaking Down / Currencies / US Dollar

By: Anthony_Cherniawski

USD made a new low at 94.25 in what may be the last probe lower in wave 3.  There is a strong likelihood of it declining further to its Bearish Pennant minimum low of 93.93.  The USD/JPY pair has sunk below 110.00 for the first time since last October. 

Wednesday, April 06, 2016

How to Prevent Hackers from Stealing Your Bank Account / Personal_Finance / Cyber Crime

By: Casey_Research

By Justin Spittler

If you use the Internet, your bank account is at risk...

On Monday, “terrorists” attacked a major U.S. hospital.

They didn’t set off a bomb or fire a single bullet. They infected the hospital with a computer virus.

Wednesday, April 06, 2016

The Janet Yellen Stock Market Rally! / Stock-Markets / Stock Markets 2016

By: Chris_Vermeulen

Currently, we are experiencing the SPX topping formation. Again, it is dangerously overextended.  The SPX staged a strong rally due to the repeated actions of Central Bankers, during the month of February 2016.

Wednesday, April 06, 2016

Gold & Silver Trading Alert: Gold’s Inconsequential Rally / Commodities / Gold and Silver 2016

By: P_Radomski_CFA

Gold moved higher yesterday, but it doesn’t seem that it had a major impact on even the short-term outlook as even the short-term resistance line wasn’t broken. Consequently, the previous trends remain in place. Let’s take a look at the details, starting with the long-term gold chart (charts courtesy of http://stockcharts.com).

Wednesday, April 06, 2016

Currency Wars, The Truth About Currency Devaluation, Why They Fail / Currencies / Currency War

By: Steve_H_Hanke

In 2010, Brazil’s Finance Minister, Guido Mantega, coined the phrase “currency war” when he complained about the “cheap” Chinese renminbi (RMB). Mantega claimed this gave China an unfair trade advantage. As he put it to the Financial Times, “we’re in the midst of an international currency war, a general weakening of currency. This threatens us because it takes away our competitiveness.”

That was then. Now the Brazilians are conspicuously silent, because the shoe is on the other foot. The Brazilian real has lost a whopping 25% against the RMB since January 2015. The currency wars continue and are every bit as intense as they were back in 2010, when Mantega coined the phrase.

Wednesday, April 06, 2016

Perth Mint Silver Coins Have Second Highest Monthly Demand / Commodities / Gold and Silver 2016

By: GoldCore

The Perth Mint’s sales of silver coins and especially Silver Kangaroos surged again in March and saw the second highest levels of silver coin demand on record as silver buyers in the western world continue to accumulate silver at what they believe to be depressed silver prices.

Wednesday, April 06, 2016

Crude Oil Price One-Day Rally or Something More / Commodities / Crude Oil

By: Nadia_Simmons

Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.

On Tuesday, crude oil moved lower after the market’s open weakened by an unexpected decline in monthly U.S. gasoline demand. Despite this drop, the commodity reversed and rebounded in the following hours. As a result, light crude gained 3.10% and invalidated earlier breakdown. What does it mean for oil bulls?

Wednesday, April 06, 2016

Forex Trading Alert: EUR/USD – Time for Correction? / Currencies / Forex Trading

By: Nadia_Simmons

Earlier today, official data showed that German factory orders dropped by 1.2% in Feb, which weighed negatively on investors’ sentiment and pushed the euro lower against the greenback. As a result, EUR/USD slipped under the Feb high. What does it mean for the exchange rate?

In our opinion, the following forex trading positions are justified – summary:

Wednesday, April 06, 2016

Tough Day for the Stock Market / Stock-Markets / Stock Markets 2016

By: Harry_Boxer

The stock market indices had a tough session today and closed down on the day. The day started out with a big gap down, they rallied and recovered about 50% of their losses, and then rolled back down and retested those lows by midday. They managed to hold on for two occasions, first midday when they rallied back, but couldn’t get through the rally-back highs, and then they pulled back down again. The last hour wasn’t pretty as the markets gave it back and ended the day down sharply.

Wednesday, April 06, 2016

SunEdison Green Power Bankruptcy Inevitability / Companies / Solar Energy

By: BATR

For all those sun baked brains that see salvation in renewable nirvana, the imminent demise of SunEdison is the latest case that creative green economics is the path to insolvency. After studying the tangled web of cross collateralization and rehypothecation of debt, the WSJ announcement is inevitable, SunEdison Said to Be Preparing to File for Bankruptcy. “Solar-energy company SunEdison Inc. plans to file for bankruptcy protection in coming weeks, a dramatic about-face for a company whose market value stood at nearly $10 billion in July.”

Wednesday, April 06, 2016

Big Banks, Hedge Funds Key Factors in 2016 Gold Price Surge / Commodities / Gold and Silver 2016

By: Michael_J_Kosares

Quietly though the advantage goes to private investors

I can remember only one other time when market factors lined up as favorably for gold as they do now and that was in the spring of 2008. There are a great many similarities to gold market dynamics between now and then, but there are also great differences. One of those differences is the huge influx of interest from institutional investors led by hedge funds and big banks. In 2008, institutional interest was light.