Monday, October 19, 2015
Transformational Technology - The “Age” Age / Companies / Healthcare Sector
By: John_Mauldin
As I mentioned in last week’s letter, I traveled to San Francisco last Monday with my friend Patrick Cox, who writes our Transformational Technology Alert newsletter. We had dinner with Dr. Mike West of Biotime and then spent the next morning at the Buck Institute for Research on Aging. Pat and I decided we would jointly report on what we learned. He has already written his part, which was published last week. I am going to reproduce portions of that letter, which highlight the conversation with Brian Kennedy and his team at the Buck Institute, and then add my own thoughts about our conversation with Mike West the previous night.
Monday, October 19, 2015
Stocks Open Down / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
Good Morning!
SPX is down -8.00 as I write and appears to be sinking in the Premarket. For those not yet short, a decline beneath Short-term support/resistance at 2004.59 may be appropriate to start layering in positions. Beneath the 50-day Moving Average is a sell confirmed signal, but subject to probable throw-backs.
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Monday, October 19, 2015
LBMA Looks to Modernise Gold Trading / Commodities / Gold and Silver 2015
By: GoldCore
Change is brewing in London as the the LBMA – the association that oversees the world’s largest gold market – is looking at how best to modernise and improve over-the-counter gold trading.
As members of the world’s gold industry meet this week at the LBMA’s annual conference in Vienna, their proposals are being sought on how to bring the gold trading in London up to date.
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Monday, October 19, 2015
U.S. Debt Ceiling Debate: Don't Mention Warfare/Welfare State! / Politics / US Debt
By: Dr_Ron_Paul
The US Treasury's recent announcement that the government will reach the debt ceiling on November 3 means Congress will soon be debating raising the government's borrowing limit again. Any delay in, or opposition to, raising the debt ceiling will inevitably be met with hand-wringing over Congress' alleged irresponsibility. But the real irresponsible act would be for Congress to raise the debt ceiling.
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Monday, October 19, 2015
Peter Schiff on Death of a Patriot / Politics / Social Issues
By: Peter_Schiff
My father Irwin A. Schiff was born Feb. 23rd 1928, the 8th child and only son of Jewish immigrants, who had crossed the Atlantic twenty years earlier in search of freedom. As a result of their hope and courage, my father was fortunate to have been born into the freest nation in the history of the world. But when he passed away on Oct. 16th, 2015 at the age of 87, a political prisoner of that same nation, legally blind and shackled to a hospital bed in a guarded room in intensive care, the free nation he was born into had itself died years earlier.Read full article... Read full article...
Monday, October 19, 2015
Stock Market Big Drop Still Looms, GDX Pulling Back / Stock-Markets / Stock Markets 2015
By: Brad_Gudgeon
Last time I wrote, I was expecting a large drop in the stock market. Early on, in my blog, I stated that I believed I was wrong and that the BIG drop would not occur until late October/early November. I stated that the 7 week low could occur as early as October 13/14. I also stated that there was a TLC low due in that time frame. Also, there was the fact that Jupiter was making a trine aspect to Pluto by October 15 and that was potentially bullish, at least in the short term. Also, I was concerned that GLD and GDX were not confirming the recent move up.
Monday, October 19, 2015
Gold New Bull Market a False Dawn? / Commodities / Gold and Silver 2015
By: Clive_Maund
Gold's cheerleaders are at it again, jumping up and down with excitement as they proclaim the birth of a new bullmarket, and herding their flocks into the sector, when they have barely recovered from the last fleecing.
There are 3 factors that we are going to look at which suggest that this latest rally is just another false dawn. One is the unbroken downtrends in gold and silver, the next is the unfavorable alignment of their moving averages, and finally their latest COTs, which call for caution - especially silver's which is downright bearish.
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Monday, October 19, 2015
Black Monday 1987 Stock Market Crash Real Secrets for Successful Trading / Stock-Markets / Financial Crash
By: Nadeem_Walayat
It's been many years since a Monday has fallen on 19th October, the most notorious occurrence of which was in 1987, Black Monday, which is why October tends to be the month that stock market bulls fear, whilst encouraging the crash is always coming crowd to become their most vocal. In fact regardless of what the stock market has actually done to date, the perma bears can literally be seen jumping up and down like demented rabbits, proclaiming that the stock market end is once more nigh, pointing to 7 harbingers of the apocalypse that will bring about stock market armageddon. So, yes October tends to be an unusually irrational month for where stock market expectations are concerned, this despite the fact that EVERY stock market crash in the general indices such as the Dow, S&P and FTSE have yielded buying opportunities. In fact the Dow recovered about 60% of the 1987 Black Monday Crash in the subsequent 2 trading days!
Monday, October 19, 2015
Silver Bugs Premature Celebrations? / Commodities / Gold and Silver 2015
By: Clive_Maund
Silverbugs have been getting worked up this month about the possibility of a new bull market in their favorite white metal, due to its sharp rally in the early days of the month, but as we will see in this update, the long-term charts and latest COTs reveal that there is little real cause for celebration - on the contrary, we should beware of an imminent downturn in silver and more than that, position ourselves to capitalize on it.
Sunday, October 18, 2015
Stock Market Approaching The “Extreme” Projection (Negative Divergences) / Stock-Markets / Stock Markets 2015
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend - Bull Market?
Intermediate trend – SPX is in the midst of an intermediate correction (at least).
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, October 18, 2015
UK Stocks FTSE Poised for Bounce / Stock-Markets / UK Stock Market
By: Richard_Cox
For most of this year, investors have been fixated on the monthly performances seen in the S&P 500. There is good reason for this, as most of the market is still trying to assess whether or not the index can maintain its record levels into the end of 2015. So it is not surprising to see ETFs like the SPDR S&P 500 Trust ETF (NYSE: SPY) getting as much attention as it has. But when we take a step back and look for alternative trends in other areas of the market, some interesting opportunities start to become clear.
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Sunday, October 18, 2015
Quantitative Easing Was a Bust; Let’s Try Higher Wages Instead / Economics / Wages
By: Mike_Whitney
Why is the economy still in the doldrums after 6 years of zero rates and three rounds of Quantitative Easing?
It’s because consumers aren’t consuming and there’s too much debt. You see, despite the Fed’s wacko theories about pumping liquidity into the financial system to make investors feel wealthier, people actually have to buy things to generate growth. And the truth is, consumers have reduced their spending because wages are flat, incomes are falling and many of them are still hanging on by the skin of their teeth. So consumption has been unusually weak. Economist Stephen Roach made a good point in an article at Project Syndicate. He said, “In the 22 quarters since early 2008, real personal-consumption expenditure, which accounts for about 70% of US GDP, has grown at an average annual rate of just 1.1%, easily the weakest period of consumer demand in the post-World War II era.” (It’s also a) “massive slowdown from the pre-crisis pace of 3.6% annual real consumption growth from 1996 to 2007.” (“Occupy QE“, Stephen S. Roach, Project Syndicate)
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Sunday, October 18, 2015
Stock Market Lots of Downside Ahead, Major Tops and Bottoms Analysis Since 1950 / Stock-Markets / Stock Markets 2015
By: Submissions
With the recent melt down in global markets, it would be prudent to look back at historical data on the US market to see where we stand. To do this I look at major tops and bottoms in the S & P 500 obtained from weekly historical data from Yahoo Finance since 1950. The first table below shows major tops and bottoms in the S and P 500 relative to the average and standard deviation:
Sunday, October 18, 2015
Now is the Time to Short Gold and Silver / Commodities / Gold and Silver 2015
By: Submissions
Tony Mermer writes: Gold's recent rally has convinced many investors and traders that the precious metals bear market is over. I disagree. Since I believe that the gold and silver bear markets are not over, the recent rally is merely a rally within this bear market. This rally is probably over, so here's why now is the time to short gold and silver.
Sunday, October 18, 2015
Homo Sapiens Rationalensis Diverging From Revelation to the Apocalypse / Politics / Evolution
By: Nadeem_Walayat
This article continues from Part 1 - The First Prophet - Homo Sapiens Shrinking Brains Diverging Species, that covered the period from the emergence of Homo Sapien Religious some 75,000 years ago, their journey out of Africa and the role religious myths have played in bonding tribes of humans together, eventually settling down and farming some 10,000 years ago. However, the consequences of which has unfortunately been for the shrinkage of average human brain size by about 10% as 99% of humans along with many animals and plants were domesticated, slaves where a religious elite made all of the major decisions for them, hence reduction in the requirement for a large energy hungry brain.
Sunday, October 18, 2015
The Bulls*#* Markets / Stock-Markets / Stock Markets 2015
By: Barry_M_Ferguson
Everybody these days is a liar and a thief. We all know about US and China propaganda. Now, look at the Germans. Car maker Volkswagen was caught cheating the emissions standards in their diesel vehicles. Their biggest bank, Deutsche Bank, was again fined for cheating and stealing as they rigged libor rates. Last quarter they were fined some $2.5 billion and now they are facing an additional fine of $6 billion. Seems they were also laundering money for the Russian gangster land. Of course, there is no problem. In today’s world run by the new world order of banksters, if the bank can’t pay the fines the central banksters of Europe will just steal the money from the ignorant sheeple and give it to the bank. How do you say ‘liar’ in German? Is it ‘lugner’?
Sunday, October 18, 2015
The First Prophet - Homo Sapiens Shrinking Brains Diverging Species / Politics / Evolution
By: Nadeem_Walayat
Before I plunge into the main topic of this analysis, here's a quick update of where the stock market trend currently stands. We are now half way through October, which is THE month for stock market doom and gloom! The month when the stock market crash proponents are at their most vocal as its 1929, 1987 and 2008 all over again so a stock market crash is imminent. Though this time its worse than usual because even those who may have been 'mostly' bullish apparently have thrown in the towel several weeks ago to at least conclude that a stocks bear market had begun.
Saturday, October 17, 2015
Are Stock Markets About to Repeat the 1929 Crash? / Stock-Markets / Stock Markets 2015
By: Graham_Summers
In the early 2000s, Alan Greenspan was worried about deflation. So he hired Ben Bernanke, the self-proclaimed expert on the Great Depression from Princeton. The idea was that with Bernanke as his right hand man, Greenspan could put off deflation from hitting the US. Indeed, one of Bernanke’s first speeches was titled “Deflation: Making Sure It Doesn’t Happen Here”
The US did briefly experience a bout of deflation from late 2007 to early 2009. To combat this, Fed Chairman Ben Bernanke unleashed an unprecedented amount of Fed money. Remember, Bernanke claims to be an expert on the Great Depression, and his entire focus was to insure that the US didn’t repeat the era of the ‘30s again.
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Saturday, October 17, 2015
Shanghai Gold Exchange Withdrawals Running at Record Pace / Commodities / Gold and Silver 2015
By: Jesse
Withdrawals of gold from the Shanghai Exchange alone are at 1,958 tonnes for the year. The first chart below compares that pace to the prior years.
As I noted the other day, the mispricing of value and risk in the gold market, primarily driven by traders in London and New York, is calling a form of Gresham's Law into action.
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Saturday, October 17, 2015
Stock Market Primary V Continues / Stock-Markets / Stock Markets 2015
By: Tony_Caldaro
The market started the week at SPX 2015. After a rally to SPX 2022 on Tuesday the market pulled back to 1991 by Wednesday. After that, helped by two gap openings, the market rallied Thursday/Friday to post new uptrend highs at SPX 2034. For the week the SPX/DOW gained 0.85%, the NDX/NAZ gained 1.40%, and the DJ World gained 0.50%. On the economic front reports continue to be mixed to negative. On the uptick: retail sales, consumer sentiment, plus weekly jobless claims improved. On the downtick: the CPI/PPI, NY/Philly FED, industrial production, capacity utilization, the WLEI and GDPn. Next week lots of Housing reports, Leading indicators, and the ECB meets.