Monday, August 31, 2015
Gold Price Set for Best Month Since January as Stock Market Rout Lifts Safe Haven / Commodities / Gold and Silver 2015
DAILY PRICES
Today’s Gold Prices: Bank Holiday in UK today
Friday’s Gold Prices: USD 1,125.50, EUR 998.23 and GBP 730.99 per ounce.
(LBMA AM)
Monday, August 31, 2015
Stock Market - Is The Worst Over? / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, no speculative positions are justified
Our intraday outlook is neutral, and our short-term outlook is neutral:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): bullish
Monday, August 31, 2015
Why Some ETFs Led the Stock Markets Down Last Week / Stock-Markets / Stock Markets 2015
MoneyMorning.com Shah Gilani writes: Of all the scary things that happened last Monday when the Dow Jones Industrial Average fell more than 1,000 points, nothing was scarier than what happened with exchange-traded funds (ETFs).
They crashed and exacerbated the market sell-off. They're not all a bad risk, and there are some we like to recommend that are quite safe – even essential – during a market reversal.
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Monday, August 31, 2015
The Real Refugee Crisis Is In The Future / Politics / Immigration
Perhaps Angela Merkel thought we didn’t yet know how full of it she is. Perhaps that’s why she said yesterday with regards to Europe’s refugee crisis that “Everything must move quickly,” only to call an EU meeting a full two weeks later. That announcement show one thing: Merkel doesn’t see this as a crisis. If she did, she would have called for such a meeting a long time ago, and not some point far into the future.
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Monday, August 31, 2015
Silver and The Mechanics of False Reality / Commodities / Gold and Silver 2015
“All truth passed through three stages: First it is ridiculed. Second it is violently opposed. Third it is accepted as being self evident”. - Arthur Schopenhauer
Once the truth about silver value becomes evident, it will probably be time to move on.
For now, watching price action can be torture.
Monday, August 31, 2015
Stock Market Collapse - Take The Opportunity To Bail Before It’s Too Late! / Stock-Markets / Financial Crash
Last week ended with the cackling hens on CNBC and the spokesmodels on Bloomberg bloviating about the temporary pothole on the road to riches. They assured their few thousand remaining viewers the 11% plunge in the stock market was caused by China and the communist government’s direct intervention in their stock market, arrest of a brokerage CEO, and threat to prosecute sellers surely cured what ails their market. The Fed and their Plunge Protection Team co-conspirators reversed the free fall, manipulating derivatives and creating a short seller covering rally back to previous week levels. The moneyed interests are desperate to retain the appearance of normality and stability, as their debt saturated system teeters on the verge of collapse.
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Monday, August 31, 2015
The Most Important Market Chart on The Planet / Currencies / US Dollar
Sorry goldbugs, it is not the gold chart. There are a lot of opinions out there on the US Dollar. Many of them are bearish in the short medium and long term time frames.
So lets see what the Charts are whispering.
With all the volatility this week in markets around the world the US dollar made an interesting move. The long term daily chart below shows the five point rectangle, at the bottom left hand side of the chart, that launched the big breakout and impulse move higher in May of 2014. If you look at reversal point #5 with a question mark on it you'll see the comment I made at the time which I noted, this could be a false breakout to the downside and we might see a big move in the opposite direction, which was up. Keep in mind the chart was much bigger back then and the false breakout also looked much bigger. As you can see that indeed was a false breakout to the downside which led to the impulse move up we found ourselves in until the US dollar topped out earlier this year and has been building out the next consolidation pattern.
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Monday, August 31, 2015
Blame the Federal Reserve, Not China, for Stock Market Crash / Stock-Markets / Stock Markets 2015
Following Monday's historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose "solutions" to our economic woes. Not surprisingly, most of those commenting not only failed to give the right answers, they failed to ask the right questions.
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Monday, August 31, 2015
Stock Market 50% Retracement / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market?
Intermediate trend - SPX has started 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 the course of longer market trends.
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Monday, August 31, 2015
Stock Market Crash Red Alert for 2nd Downwave... / Stock-Markets / Financial Crash
We are believed to be at an excellent juncture right now to short the broad stockmarket (or buy bear ETFs and Puts). As we know, we did just that before the dramatic plunge early last week, and are now "sitting pretty". Now is the time to add to positions, or if you haven't any and are looking for the right shorting opportunity, this is it.
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Sunday, August 30, 2015
Independant Scotland 1 Year on, UK Civil War If the SNP Fanatics Had Succeeded / Politics / UK Politics
What to know what would have happened if the SNP fanatics had succeeded in convincing the Scottish electorate into voting for independence?
Well the following video gives an idea of the path that not just Scotland would have been set upon but the whole of the UK as Scottish independence would have unleashed forces that would literally have torn the nation apart, something that the SNP fanatics continue to remain blind to today, this despite the fact of the oil price collapse of 2015 which alone would have collapsed the Scottish economy.
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Sunday, August 30, 2015
Gold’s 7 Point Broadening Top / Commodities / Gold and Silver 2015
Gold looks to have made a short term high and now looks headed back down. Let’s revise the daily and monthly charts.Read full article... Read full article...
Sunday, August 30, 2015
The Day the Stock Market Shook the Earth: Takeaways From the Dow’s 1,000-Point Drop / Stock-Markets / Stock Markets 2015
Matthew Carr writes: I was working from home that day.
My wife had just had surgery, and I was caring for her as she recovered. I was sitting in our main floor living room, answering emails. My wife was on the couch downstairs, watching TV.
All of a sudden, our dog Chloe came running into the room. She jumped up on the couch next to me and started licking my face. Seconds later, the house started shaking.
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Sunday, August 30, 2015
Gold Seasonality And Average Intraday Price Movement / Commodities / Gold and Silver 2015
It will be interesting to see how gold moves in the latter half of this year.
As for the intraday movement, the impact of the London - New York on the gold trade is hard to miss.
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Sunday, August 30, 2015
Gold Price Rally Marked by Short Covering / Commodities / Gold and Silver 2015
If there was ever any doubt that the majority of buying by the hedge fund category in the gold market over the past 3-4 weeks has been of the nature of short covering, this week’s COT should put that theory to rest.
Since the third week of July, the hedge fund category alone has covered or lifted 40,000 short positions. That against the addition of only 16,000 or so new long positions over the same time span. By a better than 2:1 margin, hedge funds have been covering shorts, not instituting fresh purchases of gold.
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Sunday, August 30, 2015
Stock Market, GDX Rally Expected, Now What? / Stock-Markets / Stock Markets 2015
Last time I wrote, I was expecting an important top in the stock market by the 28th and a minimum of 1985 SPX. We closed at 1988 Friday after tagging 1993. Gold stocks began to rally strongly Thursday into Friday as we hit the 8 TD/3 week low Wednesday at new lows. Now what?
We have the 12/13 TD low due Monday along with a 4 TD 1 TD low max; also a TLC low due then. My expectation is for a quick 57 point SPX drop possible early Monday down to 1930 (see chart below). This should bring down the mining stocks with it, but it should all be temporary. GDX could come down into the mid $13 area, but I expect we may see $17 by Sept 2. As for the stock market, I believe we may have one more up wave left to perhaps the 2014 SPX area pre-Labor Day.
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Saturday, August 29, 2015
Aging Stocks Bull Market / Stock-Markets / Stock Markets 2015
The week started off at SPX 1971. On Monday, due to overnight selling, there was a huge gap down at the open to SPX 1875. Then after hitting SPX 1867 in the opening minutes the market rallied to 1954 into the early afternoon, and then headed lower again. Tuesday was quite volatile and ended at Monday’s low. Then the market gapped up on Wednesday and Thursday, closing the week’s 100 point opening gap and hitting SPX 1990. On Friday the SPX hit 1993, then ended the week at 1989. For the week the SPX/DOW were +1.00%, the NDX/NAZ were +2.85%, and the DJ World index was +0.30%. On the economic front positive reports outnumbered negative ones 11 to 3. On the uptick: Case-Shiller, the FHFA, new/pending home sales, consumer confidence, durable goods, Q2 GDP, personal income/spending, the PCE, plus weekly jobless claims were lower. On the downtick: the WLEI, the GDPN and consumer sentiment. Next week will be highlighted by the FED’s beige book, Payrolls and the ISMs. Best to your week!
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Saturday, August 29, 2015
Economic Destabilization, Financial Meltdown and the Rigging of the Shanghai Stock Market? / Stock-Markets / Chinese Stock Market
The dramatic collapse of the Shanghai stock exchange has been presented to public opinion as the result of a spontaneous “market mechanism”, triggered by weaknesses in China’s economy.
The Western media consensus in chorus (WSJ, Bloomberg, Financial Times) portend that Chinese stocks tumbled due to “uncertainty” in response to recent data “suggesting a downturn in the world’s second-largest economy”.
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Saturday, August 29, 2015
Casino Capitalism - What’s ahead for China and the US / Stock-Markets / Financial Markets 2015
Eric Margolis writes: My father, a New York financier, used to call dubious stocks or bonds, “Chinese paper.” Last week, we saw a blizzard of Chinese paper, both in China and around the world.
As manager of a sizeable investment portfolio (an unwelcome second job from my main work, journalism), I watched last week’s near death experience on world markets with a mixture of cynicism and alarm.
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Saturday, August 29, 2015
Why Monday’s Stock Market Mayhem Was No Surprise / Stock-Markets / Stock Markets 2015
Anthony Summers writes: After a week of steady declines, investors woke up Monday morning to a huge sell-off as both the S&P and Dow dropped hugely in the early minutes of trading.
The Dow plummeted nearly 4% before seeing its largest intraday point swing ever. The spread between the high and low of the day? An astonishing 1,089 points.
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