Tuesday, September 15, 2020
Stock Market Approaching Correction Objective / Stock-Markets / Stock Markets 2020
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: For now, the best guesstimate is that we are still in the bull market which started in 2009.
SPX Intermediate trend: Potential intermediate correction in progress.
Analysis of the short-term trend is done daily with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.
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Tuesday, September 15, 2020
Look at This Big Reminder of Dot.com Stock Market Mania / Stock-Markets / Tech Stocks
By: EWI
Here’s when a surge in IPOs tends to occur
Let's pretend for a second we're trying to explain to an alien how the weather works on planet Earth.
When the sky turns dark and cloudy, we might tell him, this indicates rain -- perhaps even thunderstorms. However, cloudy skies do not necessarily signal when a downpour will start or how long it will last if it does start. After all, the sun could break through before an umbrella is needed. All that said, when the sky turns ominous, it's a good idea to have your umbrella handy -- just in case.
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Tuesday, September 15, 2020
Three Key Principles for Successful Disruption Investors / Companies / Investing 2020
By: Stephen_McBride
In this essay, I’ll share my top three “disruption investing” principles for building lasting wealth.
Principle #1: Great Disruption Investors Know Timing Trumps All
Disruptors invent the future. For example, Amazon created the online marketplace. Netflix pioneered video streaming. And Apple is the main reason 85% of Americans have a smartphone. Disruptors figure out how to accomplish things that have never been done before. This often leads to big stock market profits. But it can also lead to irrational excitement. And irrational excitement can lead to dangerous situations in the stock market.
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Tuesday, September 15, 2020
Billionaire Hedge Fund Manager Warns of 10% Inflation / Economics / Inflation
By: MoneyMetals
Over the past month, gold has traded in a range with support around $1,900. Bulls have made a couple unsuccessful attempts to retake and hold above the $2,000 level following the sharp plunge below it on August 11th.
But we are likely to see a more decisive move in the gold market one way or the other in the days ahead.
The near-term outlook for precious metals markets may be determined by where the U.S. Dollar Index heads next. It has been basing out since August after trending lower earlier in the summer.
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Tuesday, September 15, 2020
Gold Price Reaches $2,000 Amid Dollar Depreciation / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
$2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows.Read full article... Read full article...
Monday, September 14, 2020
GLD, IAU Big Gold ETF Buying MIA / Commodities / Gold & Silver 2020
By: Zeal_LLC
The big gold-ETF buying that catapulted gold higher into early August has gone missing in action. That’s why gold stalled out since, drifting sideways flirting with a correction. To continue powering higher, gold needs these major stock-market-capital inflows via exchange-traded funds to resume. The near-term fortunes for the precious-metals complex are heavily dependent on how American traders position in gold ETFs.
For better or worse, exchange-traded funds are increasingly dominating gold’s price trends. Their relative importance has been mounting for years, and cannot be overstated. Major gold ETFs are becoming the global gold market. Despite lingering concerns about gold ETFs’ physical bullion holdings, speculators and investors keep flocking to them. They are the easiest way to get gold portfolio exposure, quick and cheap.
The World Gold Council’s latest quarterly fundamental data on global gold supply and demand yet again revealed gold ETFs’ dominance. The WGC’s Q2’20 Gold Demand Trends report showed global demand being gobbled up by gold ETFs like Pac-Man! Gold surged 12.9% in Q2, which enjoyed one of the most-bullish psychological backdrops ever. A worldwide pandemic raged, which had just spawned a stock panic.
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Monday, September 14, 2020
Why Bill Gates Is Betting Millions on Synthetic Biology / Companies / BioTech
By: John_Mauldin
By Justin Spittler: Beyond Meat (BYND) was one of last year’s hottest stocks. Shares of the plant-based meat company exploded 859% during its first three months out of the gate.
“Fake meat” was all the rage: an instant favorite with Millennials (I personally prefer the real thing). And the industry’s still booming today. It’s already worth $12 billion. By 2025, it’s projected to double again!
But here’s the thing: While most people have heard of Beyond Meat and the plant-based meat mania by now, they don’t realize that this is all part of a much bigger opportunity. In fact, many of the wealthiest investors on the planet have been going “all in” on this obscure megatrend.
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Monday, September 14, 2020
Stock Market SPY Expectations For The Rest Of September / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
RESEARCH HIGHLIGHTS:
- Over the past 28 years, the SPY has gained an average of 3.45% in 15 of those years; it has fallen by 6.42% in the other 13 years.
- The critical support level for SPY is 332.85. If the SPY finds support at this level then you can expect continued, moderate price increases.
- Prepare for a moderate increase in volatility for the rest of September – watch the VIX.
My research team and I have been pouring over the charts in an effort to attempt to identify any support or weakness related to the increase in volatility over the past 7+ trading days. The VIX is currently at 29.71 after reaching a high of 38.28. We believe the increased price volatility is here to stay – at least through the end of 2020. This means skilled technical traders should prepare for some potentially large and aggressive price swings over the next few weeks and months.
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Monday, September 14, 2020
Gold Price Gann Angle Update / Commodities / Gold & Silver 2020
By: readtheticker
Golds bullish trend has worked well in 2020, so what is next over the immediate 3 to 6 months? Will we continue to see a golden future.
The US dollar had been strong into COVID 19, since then the FED has printing a lot of money, and they are also considering YCC (Yield Curve Control), last seen during WW2. [Note YCC lasted 9 years over WW2. WOW, that is a lot of money printing.]
The FED is now forecast to over take competing central banks balance sheets in size, and the release valve will be a falling US dollar. Therefore we should continue to see the US dollar maintain is slow leak down over the next 3 to 6 month, say on the DXY 82 to 88.
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Monday, September 14, 2020
Stock Market Recovery from the Sharp Correction Goes On / Stock-Markets / Stock Markets 2020
By: Paul_Rejczak
The bulls responded with an upswing, which I saw as probable to happen. Is the sharp correction over now? Thus far, my answer remains the same as yesterday – in terms of prices, the worst is likely behind us, in terms of time, we have a way to go still.
So, what about the key juncture stocks are at? Let's get and feel the pulse via a few selected charts.
As for narratives, the tensions around China are back in the spotlight. Otherwise, my yesterday's comments still apply:
(…) Unless the Democrats raise up a notch their existing calls for Biden not to concede defeat under any circumstances, unless rioting ramps up, unless the Fed takes away the punch bowl, and finally unless Americans happily march into another lockdown that who knows when it would really end and on what terms (Cuomo's conditions serve as a great, sorry, terrible example), the stock bull run can go on in September before meeting the October headwinds.
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Sunday, September 13, 2020
Is this the End of Capitalism? / Economics / Economic Theory
By: Nadeem_Walayat
If one looks at the facts of rampant government money printing to monetize government debt, permanent deficit spending on an epic scale, debt to GDP north of 100% all to finance social projects such as the UK government paying 80% of furloughed employee salaries, with similar or even greater government interventions in nations such as Germany. We'll this begs the question, how can our economies still be labeled as capitalist?
We are not living in capitalist nations, the slogans might be all about free market economies, capitalism, and theories preached of the boom bust cycle in the financial press and taught at universities, instead we tend to have the booms without the busts! Because we are NOT really living in capitalist economies!
Then what are we living in?
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Sunday, September 13, 2020
The Silver Big Prize / Commodities / Gold & Silver 2020
By: Hubert_Moolman
We have to keep our eyes on the bigger economic cycle. It helps in maintaining a proper perspective, and putting more emphasis on the bigger prize rather than the day to day movements.
The historical relationship between silver and the stock market provides great insight as to where we are currently in this cycle. Traditionally, the best part of silver rallies come after a significant Dow peak.
From previous work I have shared, it is clear that silver is still extremely cheap, and should be accumulated at these prices. The following comparison of silver and the Dow supports this, and gives us the proper perspective regarding the bigger economic cycle.
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Sunday, September 13, 2020
U.S. Shares Plunged. Is Gold Next? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
The U.S. stock market plunged last week. Will gold follow suit?Last week, the U.S. stock market has seen strong selling activity. The S&P 500 Index has declined about 7 percent from its peak, while the Nasdaq Composite Index plunged more than 10 percent (entering a correction territory), below 11,000, as the chart below shows. It was the tech sector’s worst drop since the end of March, if not the quickest correction ever.
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Sunday, September 13, 2020
Why Are 7,500 Oil Barrels Floating on this London Lake? / Personal_Finance / Travel & Holidays
By: Anika_Walayat
In a break from Covid mayhem, the last thing one is expecting to see floating in the middle of the lake in hyde park is a 7,506 painted oil barrels stacked some 20 metres high!
Why?
Find out in our latest video.
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Sunday, September 13, 2020
Sheffield 432 Covid-19 Deaths, Last City Centre Shop Before Next Lockdown / Local / Sheffield
By: N_Walayat
The pandemic is on the rise once more with the number of UK cases per day now exceeding 3000! This video takes likely one of our last shopping trips of Sheffield city centre as we count down to Britain's next covid-19 lockdown's to culminate in a higher second peak than April 2020.
Thus shop whilst you can because lockdown's loom for all of Britians major cities largely due to relaxed behaviour of most people who can't even be bothered to wear their masks properly! It's supposed to cover your nose and mouth and not hang under your chin you damn fools! As this video illustrates!
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Sunday, September 13, 2020
Biden or Trump Will Keep The Money Spigots Open / Stock-Markets / Quantitative Easing
By: Stephen_McBride
Trump or Biden: who will be our next president? That’s the most pressing question in America right now. And in less than nine weeks, we’ll get our answer.
As I type, Biden leads in most polls. But betting markets say it’s a coin flip. Polls tend to be wrong, and betting markets are usually right.
But I’m not writing you today to predict who’ll come out on top. Or guess at what might change depending on who wins. (I’ll leave that to the talking heads on TV.)
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Sunday, September 13, 2020
Gold And Silver Up, Down, Sideways, Up / Commodities / Gold & Silver 2020
By: Darryl_R_Schoon
In mid-march, just as the coronavirus was gaining momentum, the price of gold began to rise. After trading sideways from 2015 to 2019, gold rose from a low of $1,471 in mid-March to $2,069 on August 6th, a spectacular 40% rise in five months.
During that same period, silver rose from $11.94 to $29.14 on August 6th, an even more spectacular 114% increase.
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Saturday, September 12, 2020
Does the Stock Market Really "See" the Future? / Stock-Markets / Stock Markets 2020
By: EWI
Addressing the notion that the market "discounts" future events
Let's start off with an August 26 quote from Marketwatch:
[F]rothy financial markets ... currently are discounting the nirvana of an uninterrupted V-shaped recovery. ...
Of course, that statement means that the reason investors have been bidding stock prices higher is that they collectively anticipate a strong economic recovery.
But is that the real reason that stock prices are in record-high territory again?
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Saturday, September 12, 2020
Basel III and Gold, Silver and Platinum / Commodities / Gold & Silver 2020
By: The_Gold_Report
Maurice Jackson of Proven and Probable talks with Andy Schectman of Miles Franklin Precious Metals Investments about macroeconomic policy and its effect on precious metals prices.
Maurice Jackson: Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments.
Let's begin today's discussion with gold, which has recently surpassed its all-time high since we last spoke, but this is no surprise. You forewarned us this would come to pass in our discussion back in December 2019, regarding the Bank of International Settlements and Basel III and its impact on gold. For those that missed that conversation, can you please shed some light on the importance of Basel III?
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Saturday, September 12, 2020
Tech Stocks FANG Index Nearing Critical Support – Could Breakout At Any Moment / Companies / Tech Stocks
By: Chris_Vermeulen
RESEARCH HIGHLIGHTS:
- The washout-low price move in FANG stocks may present a needed rotation in price before another upside move sets up.
- Tweezer Bottoms pattern and RSI pennant formation suggest very clear support levels.
- Watch how Volume and the VIX pick up over the next few days, and how price reacts to this bounce at 945.
Our Custom FANG Index (consisting of Facebook, Microsoft, Twitter, Amazon, Google, and Nvidia) shows the FANG Index, and technology sector, are trading just above critical support near 945. The congestion area on this chart between July and August just below this 945 level highlights the key resistance/support level that we are currently watching as price support.
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