Saturday, July 11, 2015

Bitcoin Price Up on Probable Greek Deal / Currencies / Bitcoin

By: Mike_McAra

In short: no speculative positions.

Greece seems to have given in to its creditors’ demands for more austerity as the Greek government sent out a revised reform proposal yesterday which included substantial concessions on its part. Is this the end of the Greek drama? Most likely not.

Saturday, July 11, 2015

Syriza Cruel Hoax on Greek People, Led Like Sheep to Economic Collapse Slaughter House / Politics / Eurozone Debt Crisis

By: Nadeem_Walayat

Syriza presents bailout proposals worse than Greece rejected at the 5th July referendum. The Syriza game theory players 6 month long intensifying black mail of the euro-zone that culminated in the NO referendum to the previous bailout package from the 'evil Troika', who according to Syriza were financial terrorists hell bent on the destruction of Greece, to which end only Syriza were the Greek people's saviors who would prevail with no austerity over the evil Troika.

Friday, July 10, 2015

China’s Stock Market Crash as Bubble Bursts / Stock-Markets / Chinese Stock Market

By: Zeal_LLC

China’s stock bubble has burst, with its stock markets utterly collapsing after rocketing parabolic.  The failure of this popular speculative mania has grave implications for the global stock markets.  It shatters the universally-believed myth that central banks can nullify normal market cycles.  No government has more power over its stock markets than China’s, yet not even it could magically eradicate greed and fear.

Even before their recent calamity, the Chinese stock markets had been the most-interesting financial story of 2015.  Having the world’s second-largest economy, China is immensely important in global markets.  And its stock markets were soaring, as evidenced by China’s flagship benchmark stock index.  It is the Shanghai Stock Exchange Composite Index (SSEC), the local equivalent of the US S&P 500.

Friday, July 10, 2015

Stock Market Sell Signal Still Intact / Stock-Markets / Stock Markets 2015

By: Anthony_Cherniawski

Let’s do a review of the market signals. There seems to be the question that, if we had a market bottom on Tuesday, won’t we see a larger rally? The answer is, not necessarily.

The current market conditions seem to have the SPX trapped beneath the Ending Diagonal trendline at 2085.00. That may imply we saw both a low (2044.02) and a high (2083.72), a double Pivot, on the same day, July 7. A higher high at or near 2085.00 could still develop, but a failure to rally above 2085.00 would be profound.

Friday, July 10, 2015

Where Is The Chinese Stocks Bear Market Likely To End? / Stock-Markets / Chinese Stock Market

By: Austin_Galt

With the Chinese stock market, known as the Shanghai Stock Exchange Composite (SSEC) plunging in recent weeks, I thought I would analyse the technicals to determine where the final low to this bear market is likely to be.
Let’s begin by reviewing the more immediate picture with the weekly chart before zooming out and looking at the bigger picture with the monthly and yearly charts.

Friday, July 10, 2015

Greek Crisis and the End of the Ends of the World / Stock-Markets / Financial Markets 2015

By: John_Mauldin

We are about a week into the Greek non-crisis, and nothing especially scary has happened. Stocks opened up lower a couple of times, and there was one wild trading day in EURUSD, but everything is essentially unchanged. Which surprised everyone. Including me, a little.

I used to be a plunger. Loved shorting stuff. I had one muscle, and I flexed it constantly. By my rough calculations, I was up about 18% by the time Lehman went bankrupt in 2008. The more turmoil, the better.

Friday, July 10, 2015

Bail-Ins Likely In Greece and Indebted Western Nations - Question Is When? / Stock-Markets / Credit Crisis 2015

By: GoldCore

- Governments move toward ever greater financial repression
- Repression includes suppression of rates, capital controls, outlawing of cash and bail-ins
- Finance ministers discuss cashless society, giving banks total control over public’s money
- Bail-in legislation is at advanced stage internationally
- Bail-ins coming to indebted western nations – question is when …

Friday, July 10, 2015

Stock Market Sentiment Reset / Stock-Markets / Stock Market Sentiment

By: Gary_Tanashian

Excerpted from an extensive multi-market NFTRH update (including global stocks, commodities and precious metals) yesterday morning:

Volatility.  It is what we expected and it is what we have with Tuesday’s big down and upward reversal, down hard again yesterday and today very green in pre-market.  This volatility applies to most assets markets including the precious metals.  It is the nature of the beast during a news-rich summer, with many operators on vacation or semi-vacation (with some players not able to resist peeking?).

Friday, July 10, 2015

The Central Bankers Dilemma / Interest-Rates / Central Banks

By: Dr_Jeff_Lewis

We are playing with fire.

How quickly we forget about the power of compounding interest - in reverse.

The world is limping along at ultra low interest rates. Otherwise benign movements from such extreme lows are magnified beyond comprehension. An equivalent interest rate move up from 10% has a tiny overall effect, compared with the same move up from lower rates.

Friday, July 10, 2015

Greece Crisis - Someone Pull The Plug or This Will End in War / Politics / Eurozone Debt Crisis

By: Raul_I_Meijer

I was going to write up on the uselessness of Angela Merkel, given that she said on this week that “giving in to Greece could ‘blow apart’ the euro”, and it’s the 180º other way around; it’s the consistent refusal to allow any leniency towards the Greeks that is blowing the currency union to smithereens.

Merkel’s been such an abject failure, the fullblown lack of leadership, the addiction to her right wing backbenchers, no opinion that seems to be remotely her own. But I don’t think the topic by itself makes much sense anymore for an article. It’s high time to take a step back and oversee the entire failing euro and EU system.

Friday, July 10, 2015

Gold and Silver Stocks More Weakness Ahead / Commodities / Gold and Silver Stocks 2015

By: Jordan_Roy_Byrne

The precious metals sector is enduring losses for the third straight week. The gold miners and Silver have led the way down, though Silver has rallied over the past two sessions. Gold has also rallied yet remains dangerously close to making a new weekly low for the bear market. While the metals recovered some losses on Wednesday and Thursday, the gold miners failed to generate anything positive and closed near their lows for each session. The inability of the miners to recover to even a small degree augurs badly for the entire sector in the days ahead.

Friday, July 10, 2015

Forget about Reaching a Deal with Greece, Europe Needs a deal with... Europe! / Politics / Eurozone Debt Crisis

By: Atlantic_Perspective

Mathematically speaking, Greece needs debt relief. There´s no other option. The country can´t pay back its debts. But there is a nasty “but” in this statement...
If Europe lets Greece off the hook, then all the other “emerging Greeces” of the UE will want the same. Far-left governments would start winning elections all over the place, starting with Portugal and Spain - just a few months away from electing a new government. And that would be the end of the European Union.

Friday, July 10, 2015

China and Greece – Implications on the Financial Markets / Stock-Markets / Financial Markets 2015

By: Puru_Saxena

The global financial markets are still jittery and the twin worries (Greece and China) are playing on investors’ minds. Although anything can happen, it now appears as though a last minute deal between Greece and its creditors will materialise (gasp). If a deal is done on the creditors’ terms, the referendum will turn out to be a pointless and expensive exercise.  Why bother with an anti-austerity referendum vote if you will eventually cave in to a similar deal!?

Friday, July 10, 2015

Silver at the Mercy of China’s Stock Market / Commodities / Gold and Silver 2015

By: Dan_Norcini

Silver's fate will be determined over the next few weeks by the events unfolding around China's stock market.

If their equity markets stabilize, and if it looks as if the worst is over, silver will stabilize as well. If not, then neither will silver.

Friday, July 10, 2015

USDJPY Correction Underway / Currencies / Japanese Yen

By: Austin_Galt

The USDJPY currency pair has traded exactly as laid out in previous client analysis and a correction now appears underway. Let's analyse both the medium term and long term pictures using the weekly and yearly charts.

Friday, July 10, 2015

Puerto Rico Debt Crisis: Should U.S. Investors Care? (Video) / Interest-Rates / Global Debt Crisis 2015

By: EWI

White House: No U.S. bailout for Puerto Rico

Editor's note: You'll find the text version of the story below the video.

Friday, July 10, 2015

China: What Deflation Looks Like / Stock-Markets / Deflation

By: EWI

Why the 32% slide in the Shanghai Composite is more than just a "hiccup"

The Shanghai Composite fell another 8% at the open on Wednesday (July 8). Trading was soon halted by the authorities. (But for a different reason that the trading halt on the NYSE the same day.)

From its all-time high on June 12, China's main stock index is down 32%. Using the word "crash" is becoming appropriate.

Friday, July 10, 2015

China, Greece and the NYSE: Black Swans or Red Flags? / Stock-Markets / Financial Markets 2015

By: The_Gold_Report

Scary. That is the word that kept coming up over and over as the news came in this week. Greece technically defaulted. The Shanghai Composite index dropped some 30%. And then a computer glitch caused the NYSE to be down for three hours. Are these headlines just blips on the equities markets? Do they have long-term implications for resource stocks? To answer these questions, we did what we do best at The Gold Report and asked the experts what is causing all the black swans and what they are doing to protect themselves.

Friday, July 10, 2015

Now Is A Good Time To Pick Up Some Oil Stocks / Commodities / Oil Companies

By: OilPrice_Com

Oil's oversized reaction to negative news from Greece and China on Monday should really have come as no surprise with the value of 20/20 hindsight. I have been writing for some time now that the commodity would break out of its narrowing range and that the more times it failed to break the resistance point at $62, the more likely it was that that break would be in a downward direction. It is logical that the longer that it took, the more violent that break would be.

Friday, July 10, 2015

Labour Productivity Misconceptions / Economics / Economic Theory

By: Alasdair_Macleod

In the media warm-up for Wednesday's UK budget, we were told of Britain's poor productivity and Chancellor Osborne subsequently confirmed that his priority is to address it. Comparative figures for Europe quoted by the BBC were sourced from the OECD and are replicated in the chart below.