Monday, May 04, 2020

Stock Market “Fundamentals ? It’s ALL in the Chartology” / Stock-Markets / Stock Markets 2020

By: Rambus_Chartology

Before we look at tonight’s Precious Metals charts I would like to make a comment on the US stock markets. I will take some flack over some of the comments I’m going to make but that’s fine as it won’t be the first time nor the last.

Let me start by saying, “The only rule when it comes to trading the stock markets is, “There Are No Rules.” The other important rule that I live by is that, “the markets are always right regardless of what I think.” It’s interesting to hear comments like, the markets don’t trade like they used so its not any fun anymore. Even trading during the mania phase in the tech bubble parabolic rise wasn’t easy. Or the markets can’t keep going up because of no volume or interest rates are too high or countless other reasons that only make sense according to traditional investing.

Monday, May 04, 2020

US Q1 GDP Data Masking The True Global Economic Future? / Economics / Coronavirus Depression

By: Chris_Vermeulen

As Q1 GDP data is released on Wednesday, April 29, which will reflect the first three months of 2020 in terms of total economic output, we believe the number will skew the current true global economic conditions to a large degree.  The pandemic shutdowns started in the US on March 15^th – nearly 2 weeks before the end of Q1:2020.  Thus, we had a fairly normal Q1 in terms of economic activity, production, and consumer engagement. Everything changed after March 15^th, 2020.

Skilled traders need to watch the current economic data and “week over week” data that is presented.  Skilled traders also need to pay attention to the news items that are being pushed out to the public.  Larger and larger corporations and sectors are moving towards bankruptcy or screaming for a bailout. Airlines, Hotels, Car Rental, and dozens of other sectors have all collapsed over the past 5+ weeks.  We expect real estate activity and pricing to collapse as well.  The results of the last 5+ weeks, after the March 15^th shutdown started, have been anything but normal.

Monday, May 04, 2020

Gold $3K to $20K Coming? These Pundits (now 34) Think So! / Commodities / Gold & Silver 2020

By: Lorimer_Wilson

10 years ago every “analyst” and his brother was hyping the future price of gold and I kept track of their guesses in an article entitled “Gold Going To $2500, $5000, $10000, Even More? These 148 “Analysts Think/Thought So“. None of their forecasts “panned” out (pun intended) but some are back at it again suggesting that we are going to see gold going as high as $20,000.

Monday, May 04, 2020

What’s Next, Trillion US Dollar Coins? / Currencies / Fiat Currency

By: MoneyMetals

The massive set of stimulus measures rolled out last month by the Treasury Department and Federal Reserve has left many Americans wanting more… and politicians scheming for new ways to dole out additional trillions in cash.

Most taxpayers have already received their $1,200 “stimulus” payments. However, that one-time payment will do little to repair the long-term financial health of the 26 million (and rising) who are newly unemployed.

And it surely won’t bail out all the small business owners who were callously deemed “non-essential” and forced to shut down during this pandemic.

Monday, May 04, 2020

Ways to Speed Up Your Mortgage Application / Housing-Market / UK Housing

By: Travis_Bard

Homeownership comes with many perks, and it is everyone’s dream to become a homeowner. Thanks to mortgages, this dream has become a reality to many. It helps homeowners build their credit and make their ratings go higher, get tax breaks, and helps in building equity. The most important is that you will get a permanent home from where you will grow your family and enjoy your time together looking for new film releases and enjoying quality time. 

Getting the mortgage, however, may not be as easy as it may appear. It might take some time before you are able to buy that house that you really want. There are, however, ways that you can speed up your mortgage application. 

Monday, May 04, 2020

UK Government Orders NHS Workers Light Brigade Charge into the Valley of Coronavirus Death / Politics / UK Politics

By: N_Walayat

The magnitude of incompetence and negligence of the UK government is unprecedented, a death toll that should be in the hundreds now runs into the tens of thousands, not even 100 Bin Laden's could have inflicted as much damage as Boris Johnson's government has.

Nothing illustrates this then NHS workers being sent like the Light Brigade to Charge into the Coronavirus valley of death without any protection!

Sunday, May 03, 2020

Monster Gains in Mining Stocks Bode Well for Gold and Silver / Commodities / Gold and Silver Stocks 2020

By: MoneyMetals

April marks a second month of truly extraordinary developments in markets – from negatively priced crude oil futures to a record spike in unemployment claims to a lockdown-defying rally in stocks.

The financial media is touting the S&P 500’s surge of more than 13% in April – the biggest one-month gain for the index since 1974.

Sunday, May 03, 2020

No, the Economy Isn’t Re-Opening Soon / Economics / Coronavirus Depression

By: Patrick_Watson

 “America will be open for business very soon,” said President Trump on March 23, just a week after local authorities began issuing stay-at-home orders.

At that point, the novel coronavirus had killed a total of 689 Americans. Now, a little over a month later, 689 deaths would be a really good day. And America still isn’t open for business. But the president and some governors think it should be and are trying to make it so.

Unfortunately, politicians can’t order the economy open again because they didn’t close it. Consumers and businesses began shutting down long before they were forced to, and they won’t re-open just because they legally can.

Saturday, May 02, 2020

Crude Oil Prices Go NEGATIVE! What's Next? / Commodities / Crude Oil

By: Nadeem_Walayat

Negative oil prices is another corona consequences that no one saw coming. A 30% drop in world oil demand due to the corona lockdown's resulting in demand falling to 70m barrels per day, whilst the producers are pumping out over 90mbd meant that storage faculties had become saturated, thus nowhere to transport new supply to.

Saturday, May 02, 2020

Gold and Silver, Lockdowns and Reopening / Commodities / Gold & Silver 2020

By: P_Radomski_CFA

The action in silver is really interesting. Let’s check the prospects for volatile white metal, and the relevant historical analogy it offers. Is the major 2008 – 2020 analogy in terms of price moves remains intact? In short, yes.

Saturday, May 02, 2020

About Gold Miners and Inflation / Commodities / Gold & Silver 2020

By: Gary_Tanashian

I think the case is closed, or it should be closed. But with firmly ingrained perceptions passed down from one generation of inflationist gold bugs to the next, you never know. Remember the old dismissive “gold is silver is copper is tin is oil is hogs” line from the 2003-2008 time frame? Probably not, but I remember it because it was me saying it against an army of inflationist commodity and resources bulls advising to buy gold, buy silver, buy oil… buy resources of all kinds to protect yourself from the evils of inflation!

As an interlude, here is a pleasant interaction I had with a reader (actually, the interaction was his in a comment to an article of mine, but you get the drift) during the 2016 gold sector launch that ultimately proved to be ill-fated by mid-year because… inflation.

Saturday, May 02, 2020

Trump and His Coronavirus Task Force go for “Throttle Up” / Politics / Pandemic

By: James_Quinn

“For a successful technology, reality must take precedence over public relations, for Nature cannot be fooled.” – Richard Feynman – Rogers Commission

“It appears that there are enormous differences of opinion as to the probability of a failure with loss of vehicle and of human life. The estimates range from roughly 1 in 100 to 1 in 100,000. The higher figures come from the working engineers, and the very low figures from management. What are the causes and consequences of this lack of agreement? Since 1 part in 100,000 would imply that one could put a Shuttle up each day for 300 years expecting to lose only one, we could properly ask “What is the cause of management’s fantastic faith in the machinery? … It would appear that, for whatever purpose, be it for internal or external consumption, the management of NASA exaggerates the reliability of its product, to the point of fantasy.” – Richard Feynman – Rogers Commission

Friday, May 01, 2020

Coronavirus Wuhan Bio Lab Origins Paving Way for US War with China / Politics / China US Conflict

By: Nadeem_Walayat

The CCP opened one of their desk drawers marked "Do Not Open" to reveal that the number of total deaths is actually 50% higher than previously reported. Expect more such revisions upwards though likely we will never know the true number since many bodies were disposed off in mass cremations, and I would not be surprised if the real number was at least 5 times higher than Beijing propaganda, all of which acts as accelerant on the War with China mega-trend as what the West is experiencing does not match that which China reported to the world to expect for which there will be a reckoning with China. As is the focus of my latest video based on excerpted analysis from my article made available to Patrons on the 6th of April.

Friday, May 01, 2020

How To Reduce Trading Risks When Using CFDs / Stock-Markets / Risk Analysis

By: Submissions

Friday, May 01, 2020

How to Buy a Bargain S10+ Samsung Smartphone Off Ebay for Under £400 / Personal_Finance / Shopping

By: HGR

Whilst most are dashing to buy Samsung's flagship phone the S20+ that costs £999. However, before you rush out and buy it, you could be missing out on a great bargain, a S10+ at LESS than half the price!

The S10+ currently sells NEW for between £650 and £800. Which is not that much cheaper than an S20+, so no wonder many opt for the S20+. However, what most fail to consider is that they can get as good as new (not refurbished) phones off ebay, in pristine condition for LESS than £400!

Thursday, April 30, 2020

The Coronavirus Greatest Economic Depression in History? / Economics / Coronavirus Depression

By: Nadeem_Walayat

It looks like the history books will need to be rewritten for if the noises emanating out of every nick and economic cranny are to be believed for the global economy is heading for an economic contraction WORSE than that of the Great Depression! Which will make the Financial Crisis of 2008 look like a walk in the park. And this is not from the usual perma doom merchants who like a broken clock will eventually be right.

However, even the UK governments Office for State Economic Propaganda (OBR) has warned to expect UK GDP to plunge by an unprecedented 35% in Q2!

Thursday, April 30, 2020

Gold Price Will Hit $3,000, But It's Going to Be a Wild Ride / Commodities / Gold & Silver 2020

By: The_Gold_Report

Agora Financial's Byron King and John-Mark Staude of Riverside Resources offer their viewpoints on markets during the COVID-19 pandemic in this conversation with Maurice Jackson of Proven and Probable.

Maurice Jackson: Today, we will seek to discover the true price of gold and silver and prospect generators. Joining us for a conversation is Byron King of Agora Financial, along with Dr. John-Mark Staude of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB). Gentlemen, I hope you both doing well.

Mr. King, I'd like to begin with you, sir. Bloomberg issued a press release recently that Bank of America expects gold to reach $3,000/ounce, which is a 50% increase from its record. In your opinion, is this a realistic number, or was Bank of America being far too generous or conservative?

Thursday, April 30, 2020

Russia - Without the Propaganda - Part 2: The Rise of Putin / Politics / Russia

By: Raymond_Matison

Geographical and demographic description 

The Russian Federation, commonly known as Russia, is the successor state from the breakup of the Soviet Union in 1991.  Russia still has the largest land mass of any country with 6.6 million square miles, roughly three times that of the United States.   From East to West it extends for 6,200 miles through eleven time zones, and its land mass extends from above the Arctic Circle south some 2,800 miles to the subtropical coast of the Caspian Sea.  Its population of 146 million, represents just 1.9% of world population, and less than half the population of the United States.  But its land mass represents 11% of the earth’s land surface!  Three fourths of this land mass, and just one-fifth of its population are in Siberia where its rivers drain into the Arctic Ocean. 

Being this far north, its growing season is limited to four or five months, while the winters are long and harsh.  Approximately 60% of its land mass is covered in a taiga, a coniferous forest rooted in acidic nutrient-poor soil, with a permafrost underlying roughly half of this terrain.  This is not a hospitable environment for agriculture, being suited mostly for spring plantings of hardy early maturing crops.  Given the huge distance barriers, growers are inhibited from growing and harvesting more than can be eaten or traded locally, but the nation produces sufficient harvests to feed its population.

Wednesday, April 29, 2020

The Crude Oil Futures Crash Is a Warning to Gold Speculators / Commodities / Gold & Silver 2020

By: MoneyMetals

The metals complex showed relative stability this week as the oil market suffered a historic meltdown. West Texas Intermediate Crude crashed 70% at one point this week on the continuous contract, bringing prices briefly below $7 per barrel. By Thursday, prices were trading between $14 and $18 per barrel.

The volatility on the May futures contract was even more extreme. On Monday, May futures for crude oil crashed to one dollar, then to zero, then to a few pennies below zero, then to an unbelievable negative $37 per barrel.

Wednesday, April 29, 2020

Gold and the Debasement of Currency Con / Commodities / Gold & Silver 2020

By: Hubert_Moolman

It is reasonably well known that many Roman emperors debased their currency (coinage). This was a very bad practice, since it is really a reflection of the debasement of the value of the kingdom (empire or country); going from a honest and just society to a corrupt and unjust society.

One of the reasons (effects) of debasing the currency was the transfer of wealth from the citizens to the ruling class. When the gold or silver content of the coinage is reduced, then more of the official coinage can be made, with a similar amount of gold or silver; therefore, increasing the money supply without the input of more gold or silver.

The increase of the money supply leads to reduced purchasing power, and this is the mechanism whereby they are robbed, since it is the ruling class that essentially bags the difference in purchasing power.