Monday, November 02, 2015
Dow Death Cross is Not a Bearish Signal for the Stock Market / Stock-Markets / Stock Markets 2015
By: Sol_Palha
People who cannot recognize a palpable absurdity are very much in the way of civilization.- Agnes RepplierOne of the common themes we have spotted it that many of the readily available tools don’t provide their users with any meaningful edge. If the indicator is easy to use and easy to master, that means a plethora of individuals will be relying on it to give them some edge over the masses. What they fail to understand is that they are the part of the mass, they are trying to outwit. A lot of chatter has sprung about lately regarding the death cross. First it was the Dow, and now there is talk about the U.S dollar. This indicator like the “Hindenburg Omen” is far from perfect and could lead to more harm than good if utilized consistently, other than the cool names they carry, they offer little in terms of value: they are both easy to master and understand and this, in essence, renders them useless.
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Monday, November 02, 2015
Global Fiscal and Monetary Madness / Interest-Rates / Quantitative Easing
By: Michael_Pento
Last week China’s central bank (the PBOC) cut borrowing costs for the sixth time in a year and eased the reserve requirement ratio (RRR) for the third time this year, in a desperate attempt to achieve the prescribed growth target of 7% off the back of ever-increasing credit issuance. The PBOC lowered the one-year benchmark bank lending rate by 25 basis points to 4.35%, the one-year benchmark deposit rate was also lowered by 25 basis points to 1.5%.
Monday, November 02, 2015
Will The Fed Hike In December & What Does This Mean For Gold Prices? / Commodities / Gold and Silver 2015
By: Bob_Kirtley
The October statement from the Fed made one thing very clear; December is a live meeting and Fed is ready to hike rates if it sees fit. Yellen was more hawkish than the market was expecting, sending gold prices lower and bond yields higher. The critical focal point from here will be if the Fed’s hawkish stance will be validated by the upcoming economic data, most importantly the two employment releases we get between now and the December FOMC.
Monday, November 02, 2015
US Stocks Rebound May Be Hollow / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
Good Morning!
SPX closed just beneath its Diagonal trendline. Over the weekend, SPX futures were down as many as 10 points before recovering to breakeven this morning. The Premarket is mildly positive (+1.00), but does not appear to have thrown back into the Diagonal at this time. Odds seem to be in favor of a further decline this morning. If so, there is a probability of testing Short-term support at 2039.18. However, should a further bounce occur, SPX overhead resistance appears to be between 2086.20 and 2089.00.
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Monday, November 02, 2015
Gold Selling “Malevolent Force”? – Dennis Gartman / Commodities / Gold and Silver 2015
By: GoldCore
Dennis Gartman, author of the institutionally well followed ‘The Gartman Letter,’ has asked questions about gold’s peculiar price action last week and raised the question as to whether there was official central bank manipulation of gold prices.
Gold was 2.4% higher in October but fell 2% last week as the Fed again suggested they may soon increase interest rates. Gartman’s assertion is significant as he is no so-called ‘goldbug’. In fact, he is the darling of Wall Street, Bloomberg, CNBC and is highly respected and followed by large hedge funds and financial institutions.
Monday, November 02, 2015
Gold Price Testing Triangle Trend Line / Commodities / Gold and Silver 2015
By: Gary_Savage
We've known all along that gold was going to test the triangle trend line during this daily correction. Yet now that it's happening everyone seems surprised.
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Monday, November 02, 2015
Europe Will Never Be The Same. Neither Will The World / Politics / Immigration
By: Raul_I_Meijer
To reiterate: People are genetically biased against change, because change means potential danger. People are also genetically biased against acknowledging this bias, because they wish to see themselves as being able to cope with both change and danger. Put together, this means that when changes come, people are largely unprepared or underprepared.
Take this beyond the bias of the individual, and apply it to that of the group (s)he belongs to, the vantage point of a society, and you find the bias multiplies and becomes self-confirming. That is, the members of the group reinforce each other’s bias. When change comes in small and gradual steps, as it mostly does, this can be said to work relatively well. When it comes in large and sudden steps, trouble ensues.
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Monday, November 02, 2015
Customers Be Cunning With Cashback Cards When You Switch or Spend / Personal_Finance / Credit Cards & Scoring
By: MoneyFacts
In the run-up to the festive spending season, Moneyfacts.co.uk can reveal that customers could earn hundreds of pounds in cashback thanks to the enticing deals on offer today.
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Monday, November 02, 2015
Bitcoin Price Doubles in 10 Months / Currencies / Bitcoin
By: Ashraf_Laidi
Bitcoin is on course for posting its 8th consecutive weekly gain (longest series of advances since late 2013) and is up 113% from its January lows. The recent break out in momentum emerged from last week's decision from the European Court of Justice to classify Bitcoin as a currency rather than a commodity, which means it will be exempt from VAT, thereby, improving its chances of being traded in an exchange.
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Monday, November 02, 2015
Ron Paul - Save The Apologies, Just Stop Promoting War! / Politics / US Politics
By: Dr_Ron_Paul
Usually when politicians apologize it's because they have been caught doing something wrong, or they are about to be caught. Such was likely the case with former British Prime Minister Tony Blair, who recently offered an "apology" for the 2003 invasion of Iraq. Blair faces the release of a potentially damning report on his government's conduct in the run-up to the 2003 US/UK invasion of Iraq.
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Monday, November 02, 2015
Silver and COMEX Inventory Part 1 / Commodities / Gold and Silver 2015
By: Dr_Jeff_Lewis
During our recent Q&A interview with silver analyst, Ted Butler, the issue of frantic in and out movement of physical silver within the COMEX warehouse system came up more than a few times. We asked Ted if he could describe how this movement literally works…
"Are these literally trucks?
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Sunday, November 01, 2015
Stock Market Minor Correction Imminent / Stock-Markets / Stock Markets 2015
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - SPX has resumed its uptrend in order to complete the last phase of the bull market.
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 discusses longer market trends.
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Sunday, November 01, 2015
Syria, Putin Makes Obama an Offer He Can’t Refuse / Politics / Syria
By: Mike_Whitney
Why is John Kerry so eager to convene an emergency summit on Syria now when the war has been dragging on for four and a half years?
Is he worried that Russia’s air campaign is wiping out too many US-backed jihadis and sabotaging Washington’s plan to topple Syrian President Bashar al Assad?
You bet, he is. No one who’s been following events in Syria for the last three weeks should have any doubt about what’s really going on. Russia has been methodically wiping out Washington’s mercenaries on the ground while recapturing large swathes of land that had been lost to the terrorists. That, in turn, has strengthened Assad’s position in Damascus and left the administration’s policy in tatters. And that’s why Kerry wants another meeting with Russian Foreign Minister Sergei Lavrov pronto even though the two diplomats met less than a week ago. The Secretary of State is hoping to cobble together some kind of makeshift deal that will stop the killing and salvage what’s left of Uncle Sam’s threadbare Syrian project.
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Sunday, November 01, 2015
Why The Super Bearish Gold and Silver COTs Portend a Plunging Euro... / Currencies / Euro
By: Clive_Maund
It was ironic that when Dr Watson complained to his companion Sherlock Homes that he had a stomach ache, Holmes clarified the situation at once by saying "Alimentary, my dear Watson". More generally, the legendary sleuth of Victorian London would make light of his accomplishments after solving cases that baffled the police, by remarking "Elementary, my dear Watson". Doubtless this expression was deeply irritating to his arch-enemy Moriarty.
Today we are going make light of what to other analysts may be abstruse and possibly baffling, by "joining the dots" to demonstrate the linear connection between an extremely bearish silver COT and an imminent crashing euro, so that by the conclusion of this article, you, dear reader, will have a clear understanding of what is set to unfold, and will be able to explain to other confused souls that it really is elementary.
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Sunday, November 01, 2015
Crude Oil Price Set For Big Rally / Commodities / Crude Oil
By: Austin_Galt
The oil price has had a nice rise in the past week so let’s see just what is going on using the weekly and daily charts.
Sunday, November 01, 2015
Will Gold Bulls Finally Hit The Panic Button? / Commodities / Gold and Silver 2015
By: Submissions
Nicholas Kitonyi writes:
The commodities market has been on the spot for the last 12 months and by extension over the last three years, if you include Iron, Copper and Aluminum. However, the most notable developments have come in the precious metals category and Oil and gas.
Specifically the prices of Gold and Oil have fluctuated extensively with Oil settling on a range of about $43 to $50 per barrel, while the price of gold has oscillated between $1,110 and $1,190 over the last two months. The price of oil is down 12% this year after making massive dips and spikes over the last 12 months, while gold remains barely unchanged.
Sunday, November 01, 2015
You Will Hear the Roar of the Printing Presses from Mars / Stock-Markets / Quantitative Easing
By: Michael_J_Kosares
“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… The U.S. created trillions of dollars to fight the financial crisis of 2008 and 2009. Most of those dollars are still sitting in the banking system and aren’t in the economy. Some have found their way into the stock markets and the bond markets, creating a stock bubble and a bond super-bubble. The higher stocks and bonds go, the harder they’re going to fall.” – Doug Casey, Casey Research
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Saturday, October 31, 2015
Stock Market Nearing New Highs / Stock-Markets / Stock Markets 2015
By: Tony_Caldaro
The market started the week at SPX 2075. After drifting lower on Monday the market declined, aided by a gap down opening, to SPX 2059 on Tuesday. Then the market rallied to SPX 2085 on Wednesday ahead of the FOMC statement. After the statement the market declined to SPX 2063, then rallied to a new uptrend high at SPX 2090 by the close. On Thursday and Friday the rally continued as the SPX hit 2094. Then a late afternoon pullback ended the week at SPX 2079. For the week the SPX/DOW gained 0.15%, the NDX/NAZ gained 0.45%, and the DJ World index lost 0.2%. On the economic front reports continue to be lackluster. On the uptick: Case-Shiller, personal income/spending, the PCE, the Chicago PMI, and GDPn. On the downtick: new/pending home sales, durable goods, consumer confidence/sentiment, Q3 GDP, the WLEI, plus weekly jobless claims rose. Next week’s reports will be highlighted by the monthly Payrolls report, the ISM’s and Auto sales.
Saturday, October 31, 2015
Gold And Silver - Month-End Technical Review / Commodities / Gold and Silver 2015
By: Michael_Noonan
A proverbial picture [chart], being worth 1,000 words, we will let the charts speak for themselves, with observations/comments attached to each one.
From our perspective, the charts are saying, irrespective of what anyone is reading or following regarding gold and silver, there appears to be no change in trend for the near term. The state of China's economy; possible confrontation between China and the US now sending ships to irritate/challenge China's control over it part of the ocean where she is building new bases; flagging response to the Fed's ongoing failure of injecting more and more fiat in an already over bloated fiat economy, in fact, world-wide; Russia's ongoing embarrassment of Washington with Russia's pinpoint air force accuracy bombing ISIS terrorists, and commensurate challenge of taking control of the Mid East from the flailing Sunni Arab coalition, Western political disarray, etc, etc, etc.
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Saturday, October 31, 2015
Stock Market Overbought...Action Positive....Pessimism Unwinding / Stock-Markets / Stock Markets 2015
By: Jack_Steiman
The market has hung in there very well. It has been at or near overbought for quite some time. Thankfully, it's not severely overbought, but it is overbought nonetheless. It's staying overbought as the market awaits the big report out on Tuesday morning. The ISM Manufacturing Report. The market is in a hopeful mood it seems. It's hanging on to hope that the number is over 50.0, or the number that separates recession from growth. If the number comes in below 50 then look out below. If it's above 50 the market should hang in well, instead of pulling back from 70 RSI readings. The bulls are also decently happy over some of the earnings reports that have come out lately. Some nice, upward surprises have taken place in various areas of the market, allowing for some buying across the board, although there are some real lagging sectors to be sure.
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