Saturday, March 19, 2016
Precious Metals Ignore Correction Calls / Commodities / Gold and Silver 2016
Gold and gold stocks have refused to correct for more than a few days at a time. Weakness is being bought and quickly. Gold has gained over $200/oz but not corrected by more than 6%. The miners (GDX) have endured three roughly 10% corrections in the past six weeks but nothing greater. A few weeks ago we noted a comparison to the 2008 rally which hinted that miners could correct 20% before moving higher. So far, no dice. Many gold bulls continue to expect a correction while losing sight of the bigger picture: precious metals are in a new bull market.
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Saturday, March 19, 2016
The Coming Gold Mania - How to Make 10, 20, Even 50 Times Your Money / Commodities / Gold and Silver 2016
By Justin Spittler
Regular readers know why I believe the gold price is poised to move from its current level of $1,250 per ounce to $1,500…$2,000…and eventually past $3,000.
Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.
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Saturday, March 19, 2016
BoJ and ECB Bond Buying - Well That Didn’t Work / Interest-Rates / Financial Crisis 2016
The Bank of Japan and European Central Bank eased recently, which is to say they stepped up their bond buying and/or pushed interest rates further into negative territory. These kinds of things are proxies for currency devaluation in the sense that money printing and lower interest rates generally cause the offending country’s currency to be seen as less valuable by traders and savers, sending its exchange rate down versus those of its trading partners.
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Friday, March 18, 2016
Marc Faber Warns Trump May Destroy US Economy But Clinton Will Destroy the Whole World! / ElectionOracle / US Presidential Election 2016
Marc Faber, author of the Gloom, Boom & Doom Report, spoke with Mark Barton on Bloomberg Television about the economy and emerging markets.
Faber said the U.S. would not be a sound, well-run economy like Singapore "unless of course the U.S. is run by Mr. Trump. Then the U.S. will improve."
He added, “Given the alternatives, I would vote for Mr. Trump, because he may only destroy the U.S. economy, but Hillary Clinton will destroy the whole world.”
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Friday, March 18, 2016
Surge in Negative Headlines Usually Very Good Stock Market Omen / Stock-Markets / Stock Markets 2016
Watch out for emergencies. They are your big chance. Fritz ReinerOver the past few weeks, the number of individuals in the neutral camp rose, as did the number of bulls, and only the number of bears experienced a drop. When we combine the neutrals and the bears, the total is 72%, and that tells us that the sentiment is still too negative for a crash.
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Friday, March 18, 2016
Gold Stocks Tiny Baby Bull Market / Commodities / Gold and Silver Stocks 2016
Gold stocks have radically outperformed every other sector in the stock markets this year, blasting higher as investors flock back to gold. This powerful surge is spawning worries that gold stocks’ new bull run is in danger of exhausting itself. But such fears are totally unfounded. A longer-term perspective reveals that gold stocks’ baby bull market in 2016 remains tiny in the grand scheme. This new bull has barely begun.
Successfully buying low and selling high to multiply wealth in the markets demands traders overcome their own innate greed and fear. These ever-present emotions are constantly warring in traders’ minds, impairing their judgment. One consequence of heeding these dangerous emotions is the tyranny of the present. Traders naturally tend to overweight the present and forget the past, which leads to poor decisions.
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Friday, March 18, 2016
Silver Price Soars 4%, Gold Consolidates On Federal Reserve / Commodities / Gold and Silver 2016
Silver rose 2% yesterday and has surged 4% this week to over $16 per ounce as the Federal Reserve flip flopped regarding interest rates and lowered its expectations for rate rises this year from four back to two or just one rate rise due to “global risks.”
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Friday, March 18, 2016
Junk Bonds... Here we go again! / Interest-Rates / Corporate Bonds
MUT is making all-time new highs as this rally sucks in more gullible investors into junk bonds. As I have said before, MUT is the “cream of the crop.” Investors in this index have fared better than in most junk bond funds.
The sad part about this is that MUT is on a similar Cycle pattern as SPX. In other words, it may be about to join SPX in a panic Cycle decline next week.
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Friday, March 18, 2016
Comex Gold Rigging – Fact or Myth? / Commodities / Gold and Silver 2016
The U.S. gold market is second, after the London gold market, as the most important center for gold trading. Although the U.S. has a well-developed OTC spot market for gold, it primarily trades paper gold, i.e. gold derivatives (futures and options) and ETFs. The first gold futures market was established in Winnipeg, Canada, at the Winnipeg Commodity Exchange in 1972, but when private gold trading again became legal in the U.S. a few years later, Americans jumped at the opportunity and opened their futures markets. In December, 1974, the Commodity Exchange Inc. (Comex), launched gold futures trading and quickly gained a dominant position. Although the volume built up slowly, the trading expanded and Comex launched gold option trading in 1982 (options are on gold futures, not on the bullion itself). In 1994, Comex merged with the New York Mercantile Exchange (Nymex), officially becoming its division responsible for metal trading. Since 2008, Nymex and Comex have been owned and operated by the CME Group, the largest derivatives marketplace in the world.
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Friday, March 18, 2016
GBPJPY And EURGBP Elliott Wave Analysis / Currencies / British Pound
GBPJPY
On the intraday chart of GBPUSD, we are looking at a possible three wave structure, labeled as A-B-C, that started from recent highs at 164.098 region, and is now trading midway through it's completion in wave B. That said wave B could be near finished, as price is unfolding near 61.8 fibo. ratio measured from wave A highs. The ideal turning point into lower levels would then be around 161-162.40 area.
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Friday, March 18, 2016
The Profound Impact of E-commerce on International Trade / Economics / Global Economy
When we consider the effect of e-commerce on the global economy, it is said to be one that is both far-reaching and very influential. E-commerce is a type of trade that has a significant and profound effect for businesses located all over the world, and is more powerful than many different traditional resources which the majority of global businesses have adopted over time. E-commerce has been able to successfully remove the global barriers between businesses and customers from differing countries, helping customers to easily locate and contact vendors with minimum hassle.
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Friday, March 18, 2016
Unlocking Value into the Oil Bear / Commodities / Oil Companies
The low price of oil has meant that a lot of companies are going broke, but not so with Torchlight Energy. A subsidiary of D.R. Horton is spending $50 million, fully funding the development of Torchlight's Orogrande project over the next 24 months.
Torchlight Energy Resources Inc. (TRCH:NASDAQ) is out with an update that comes roughly 30 days after the company updated venture investors that it had decided to move on from the successful drilling and data capture of its Rich A-11 well, up to that point its primary valuation-driving well in the all-important Orogrande project. This new update is more comprehensive; Torchlight Energy updated investors as to progress being made regarding its Marcelina Creek and Orogrande projects, as well as provided a merger-and-acquisition update regarding its Hunton assets, which are currently being marketed.
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Friday, March 18, 2016
Rise of the Quantitative Robots / Stock-Markets / Stock Markets 2016
I read an article at Bloomberg the other day that focused upon a former mathematics professor who now runs his own Mom & Pop ‘quant’ shop (his home) from the desert plains in New Mexico. The article noted that there are big, powerful quants in New York City and there is a constellation of little guys out there writing their algos and skimming the markets with the precision that mathematical codes instruct.
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Friday, March 18, 2016
Rising Stock Market Vollatility - Watch out below! / Stock-Markets / Stock Markets 2016
Good Morning!
I have profiled the 4.3-year trendline which was violated yesterday. You can see that there was another false breakout on September 29. Whether that breakout remains standing at the end of the day is uncertain, since there is a double Trading Cycle Pivot on Saturday.
Today is all about options expiration. This week is known as quadruple witching, which adds to the potential volatility.
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Friday, March 18, 2016
$NYAD (NYSE Advance-Decline Issues) and $SPX (S&P 500 Index) / Stock-Markets / Stock Markets 2016
The AD line is making higher highs. There is virtually no doubt at this point that the 7 year cycle low is complete and a new 7 year cycle has begun
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Friday, March 18, 2016
It's a Currency and Financial Extinction Level Event / Stock-Markets / Financial Crisis 2016
The Financial Repression Authority is pleasured to be revisited by Ty Andros, Chief Investment Officer of the Sanctuary Fund. FRA Co-Founder Gordon T. Long has has a stirring conversation with Mr. Andros on a number of current economic developments and consequently, the things to unfold.
Read full article... Read full article...Ty began his commodity career in the early 1980's and became a managed futures specialist beginning in 1985. Mr. Andros duties include marketing, sales, and portfolio selection and monitoring, customer relations and all aspects required in building a successful managed futures and alternative investment brokerage service. Mr. Andros attended the University of San Diego, and the University of Miami, majoring in Marketing, Economics and Business Administration. He began his career as a broker in 1983, and has worked his way to the creation of TraderView of which he is the CEO. Mr. Andros is active in Economic analysis and brings this information and analysis to his clients on a regular basis. Ty prides himself on his personal preparation for the markets as they unfold. Ty is an expert in applying the indirect exchange method as a principle of the Austrian School of Economics in his investing approach.
Friday, March 18, 2016
Is This The Debt Jubilee? / Interest-Rates / Global Debt Crisis 2016
Not so long ago the financial world viewed certain numbers as limits beyond which lay trouble. Interest rates near zero, for instance, were thought to risk destabilizing the banking system. And government fiscal deficits above 3% were considered so dangerous that exceeding this level was prohibited by the Maastricht treaty that all euorzone members were required to sign.
Those numbers -- 0% and 3% -- are still considered bad. But now for the opposite reason: They're insufficiently aggressive.
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Friday, March 18, 2016
Market Explodes on FOMC News / Stock-Markets / Stock Markets 2016
The stock market indices had an interesting session with a mixed close, although they did come way off the lows early on when the indices had an early dip. They then stair-stepped their way higher in a 5-wave advance, pulled back to hold support, and then rallied back to resistance. When they couldn’t get through, they backed off into the close. At the end of the day, they did close green on St. Patrick’s Day on the blue chips.
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Thursday, March 17, 2016
Gold and Silver March Madness / Commodities / Gold and Silver 2016
"The main thing is that the debt is in dollars. So we can't run out of cash--we print the stuff. Suppose that foreigners decide we're not reliable. How does that drive up interest rates? The Fed controls short-term interest rates, and long-term interest rates reflect expected short rates. How's that supposed to happen?" Paul Krugman, Interview on CNNMoney
Well, at least now we know why gold was knocked down lower in the paper trading earlier this week.
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Thursday, March 17, 2016
Russian Stock Market Great Long Term Buy: Inflation Down 50% YOY / Stock-Markets / Russia
For a long time, we have been stating that the Sell-off in both the Ruble and the Russian stock market provided the astute investors with a great long-term buying opportunity. Well, This chart proves that things are getting better and that the Sanctions that the West imposed on Russia at the behest of the America was a stupid idea, but more importantly, it has made Russia even stronger. The chart below is proof of this; inflation is down over 50% year over year. Translation things must be getting better.
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