Saturday, June 08, 2019

Gold Price Trend Analysis, MACD, Trend Channels, Support / Resistance / Commodities / Gold & Silver 2019

By: Nadeem_Walayat

TREND ANALYSIS

The gold price trend off the February $1350 high to the recent low of $1269 appears corrective which implies that the Gold price should at least resolve in a trend back to $1350. The downtrend so far has retraced 44% of the rally to $1350 which suggests that downside is limited to 50% at $1259 that is confirmed by recently constructed support in the $1270 region. So it appears the Gold price is forming a bottom right now in preparation for a breakout higher above the down trendline currently at $1290 that compares against the last close of $1286.

Saturday, June 08, 2019

Gold Surges Near Breakout / Commodities / Gold & Silver 2019

By: Zeal_LLC

Gold surged sharply over this past week or so, nearing a major bull-market breakout!  Nearly everyone was surprised by this violent awakening, which erupted suddenly as gold languished around year-to-date lows.  If this dramatic rally has staying power, gold has good odds of achieving decisive new bull-market highs.  That would change everything psychologically, ushering gold and its miners’ stocks back into favor.

Gold has largely flown under traders’ radars this year, mostly drowning in apathy.  Actually this unique asset had a strong start, climbing 4.6% year-to-date by mid-February to hit $1341.  While merely a 10.1-month high, gold was close to a major bull-market breakout.  For several years now, gold has faced stiff resistance around $1350.  It has repelled gold multiple times, looking like an impregnable Maginot Line.

But gold’s promising ascent was short-circuited from there, unleashing a disheartening slump over the next 10 weeks or so.  By early May, gold had retreated 5.2% to $1271.  The primary culprit was resurgent euphoria in the US stock markets.  Equity exuberance has long proven gold’s mortal nemesis.  When stock markets are high and expected to continue climbing on balance, gold investment demand often withers.

Saturday, June 08, 2019

Could Gold Rally Above $3750 Before December 2019? / Commodities / Gold & Silver 2019

By: Chris_Vermeulen

We asked our researchers a question recently, “Could Gold rally above $3750 before the end of 2019?”.  We wanted to see what type of research they would bring to the table that could support a move like this of nearly 200% from current levels.  We wanted to hear what they thought it would take for a move like this to happen and if they could support their conclusions with factual conjecture.

Now we ask you to review these findings and ask yourself the same question.  What would it take for Gold to rally above $3750 (over 200% from current levels) and why do you believe it is possible?

Saturday, June 08, 2019

Stock Market Crash Averted - For Now / Stock-Markets / Stock Markets 2019

By: Avi_Gilburt

In my last article, I outlined how the same news event can “cause” the market to rally 9% at one time, and drop 5% another time. And, then I noted how I am quite certain there will be some of you that will try to explain away this clear lack of consistency with some form of convoluted “logic.”

And, true to form, some of you did. One such commenter noted:

For about eight months, the market stupidly rose in spite of the China trade war because it was in denial. . . I said, the market would fall. The longer the denial continued and the more the market rose, the harder it would fall when it FINALLY realized that China is NOT going to capitulate.

Saturday, June 08, 2019

5 Big Lies About Precious Metals Investing Exposed / Commodities / Gold & Silver 2019

By: MoneyMetals

Physical precious metals serve a unique role in an investment portfolio. Unlike stocks and bonds, gold and silver coins can be held entirely outside of the financial system. They carry zero counterparty risk. They are the ultimate “buy and hold” safe-haven assets.

Unfortunately, investors must often navigate through a barrage of fake news, myths, misinformation, and fraudulent pitches surrounding precious metals before arriving at the simple truth.

Friday, June 07, 2019

ADL Predictive Modeling Suggests A Big Move In Silver / Commodities / Gold & Silver 2019

By: Chris_Vermeulen

Our Adaptive Dynamic Learning (ADL) predictive modeling system is suggesting that Silver is currently well below the projected ADL price level.  We believe the current pricing pressure in Silver is related to global central banks attempt to regulate precious metals prices over the past 24+ months.  We believe the upside move in Gold will eventually roll into Silver and the ADL predictive modeling system is suggesting Silver is currently 34% undervalued.

Our ADL predictive modeling system is capable of identifying highly probable price outcomes in the future by tracking and mapping historically accurate similar price DNA patterns.  The chart below shows exactly why we believe Silver is setting up an ADL price anomaly where a big upside price reversion should take place over the next 30 to 90 days.

Friday, June 07, 2019

US China Trade War Will Start a Recession, or Worse… / Economics / Protectionism

By: Patrick_Watson

The logic of Donald Trump’s multi-front trade war, if there is any, is increasingly obscure.

The tangled mix of policies isn’t accomplishing its stated goals and seems unlikely to ever do so. Meanwhile, it hurts the Americans it should supposedly help.

Regardless, it’s happening, and it has consequences… none of them good.

The president’s latest move to impose escalating tariffs on imports from Mexico is the trade equivalent of “going nuclear.”

Judging by his tweets, Trump thinks it will solve multiple problems: trade, drugs, immigration, and crime.

Friday, June 07, 2019

Land Rover Discovery Sport Brake Pads Expected Life, Worn Pads Dash Warning / ConsumerWatch / Land Rover

By: HGR

How long can you expect your Land Rover Discovery sports brake pads to last? And what happens when they approach the time to replace them in terms of dashboard warning messages. So find out when to budget for replacement brake pads in our latest Discovery sport video.

Friday, June 07, 2019

The Post Room Selfies Fun at Meadowhall Sheffield, From Game of Thrones to Desert Island... / Personal_Finance / Shopping

By: Anika_Walayat

The Post Room, a Free interactive attraction at Meadowhall Sheffied, take selfies across a dozen backgrounds, from being sat on the highly popular Game of Thrones Iron Throne to swinming in the sea in front a desert Island and many more all for FREE!

Find out what it's all about in our latest Meadowhall Sheffield video.

Friday, June 07, 2019

SAMSUNG - South Korean Electronics Giant - Investing in AI Stocks - Video / Companies / Samsung

By: Nadeem_Walayat

Are you ready for the exponential machine intelligence mega-trend?

In this series of videos I present my Top 10 AI stocks to invest in to profit from the exponential machine intelligence mega-trend. Firstly for a primer do check out my earlier two videos with the first illustrating why everything will start to change exponentially by 2022. And the second video explaining how to invest in machine intellgence stocks in terms of accumulating positions and limiting risk.

My Top 10 AI stocks are ranked in terms of risk vs reward and volatility. So I consider my Top 5 stocks as primary, then the next 3 as secondary and the last 2 as far more risky tertiary stocks. And remember that when investing in the stock market that your capital is at risk. There are NO SURE BETS!

Friday, June 07, 2019

Gold Price Rally or New Bull Market? / Commodities / Gold & Silver 2019

By: Jordan_Roy_Byrne

In recent days the market has moved from expecting a rate cut by January 2020 to now expecting as much as three rate cuts by then. As a result both Gold and gold stocks launched higher, forming a “three white soldiers” bullish reversal pattern.

Last week and in previous writings, we noted the importance of the actual rate cut for Gold and gold stocks. Their performance in both nominal and relative terms usually takes hold after the actual cut.

Now, the question is, is this a rally or a bull market? (There is a difference even though financial media talks about multi-year bull moves as “rallies.”)

Friday, June 07, 2019

Digging into the Rising Gold: Trade Tensions, Recessionary Worries and Dovish Fed / Commodities / Gold & Silver 2019

By: Arkadiusz_Sieron

President Trump announced a 5% tariff on Mexican goods. It added to the concerns about the state of the U.S. economy and prompted the Fed officials to soften their language. With no end to the U.S. - China trade dispute in sight, gold jumped above $1,330 in response. Can it move higher still?

Gold Rises on Trade Tensions

Good news for the gold bulls! As the chart below shows, the price of the yellow metal has already crossed the level of $1,330, within spitting distance of the 2019 record high of $1,344. What is happening?

Friday, June 07, 2019

The Risky Stocks Big Lie That Keeps Many Investors Poor / InvestorEducation / Learning to Invest

By: Stephen_McBride

Today we’ll bust a big lie about investing.

This big lie keeps many investors down. Belief in it is a tall hurdle to building wealth.

How many times have you heard a statement like this?

“The only way to make big profits is to take big risks.”

This is the conventional wisdom. It gets repeated in classrooms, on TV, and by stockbrokers over... and over... and over again.

The problem is, it’s complete nonsense.

Friday, June 07, 2019

Gold and HUI Short-term Strength Is a Strong Call to Action / Commodities / Gold & Silver 2019

By: P_Radomski_CFA

One surprising news was followed by another surprising news. First, Trump told the world about his plan to keep increasing tariffs on Mexico, defying his own party. Then, no hint of relief had come regarding the China trade dispute. Finally, we have got the Fed discussing potential interest rate cuts. Investors have aggressively increased their bets on such monetary policy easing. Gold definitely welcomed that idea. Is its breakout to new 2019 highs inevitable?

It's not a sure bet, but a move to these highs just became more likely. Are the above-mentioned changes in investors’ expectations well founded? Not necessarily.

Typically, gold prices are believed to be inversely related to the interest rates. As a result, the interest rate cut should be positive for the gold prices. However, the cut in the federal funds rate by September is widely expected by the markets, so it should be already priced in. Hence, a lot of will depend on the signal sent by the Fed about the future stance of the monetary policy accompanying that move. But, frankly speaking, we do not see why the Fed should cut the interest rates by September. Unless we see a recession, the cut remains unlikely. The Fed should telegraph it earlier, but so far it only announced a pause in the tightening cycle, not its end. The wait-and-see mode does not necessarily imply a cut later in the future. In 2016, the Fed also paused for a year its tightening (from December 2015 to December 2016), but it did not cut the federal funds rate, it did not reverse the tightening move from the end of 2015.

Friday, June 07, 2019

Fear Drives Stock Market Expectations / Stock-Markets / Stock Markets 2019

By: Chris_Vermeulen

The continued upside price move in Gold is a very clear sign that fear is starting to enter the global markets again.  We read an article last night that suggested many professional fund managers are preparing for a bigger downside price move as well as expecting the US Fed to potentially decreased interest rates over the next 12 to 24 months as the expected downside price move takes place.  We understand this concern by many industry professionals and share some of their same concerns, yet we believe these individual are far too early in shifting their stance in the markets right now.

As you may be aware, our research does not show any major downside risks until later in July 2019 or August 2019.  Even then, the price of the Dow Jones Index would have to fall over 18% before the December 2018 lows become threatened.  The current upside price recovery, with the Dow Jones up over 400 pts from the lows on Monday, June 3, suggests the US market and the Capital Shift that has been taking place over the past 24+ months is still rather strong with investor buying dips. We told our followers this bounce was about to happen the day before it bottomed here.

Thursday, June 06, 2019

Next British Prime Minister Tory Leadership Betting Markets / Politics / UK Politics

By: Nadeem_Walayat

The worst Prime Minister in British History who has literally clung onto power by her finger tips for the past 6 months is set to resign as Tory party leader tomorrow, Friday 7th of June in the wake of the disaster that were the EU elections, which will mark the start for a 6 week long tory leadership contest with the objective of whittling down a wide field of 11 candidates to just 2 from whom the 100,000 or so tory party members will vote to choose to become the next Tory Leader and thus British Prime Minister set to take office late July as Britain counts down to the 31st October 2019 deadline. A deadline that most candidates have already declared they will seek to extend as a remainer parliament continues to do its utmost to subvert Brexit by taking a NO DEAL Brexit off the table and thus wasted the last 3 years instead of just declaring Independence as I concluded several years ago is what Britain should do to win the Brexit War.

Thursday, June 06, 2019

The Emerging Threat of Ferocious Agflation / Commodities / Agricultural Commodities

By: MoneyMetals

Most Americans take food abundance for granted. Grocery store shelves are always stocked, and America’s agricultural sector always grows more than enough corn, wheat, and soybean crops to keep the food production system humming along smoothly.

That all could change as abruptly as the weather. In fact, historically wet conditions throughout the Midwest have put this year’s spring planting in jeopardy.

As reported by Minnesota Public Radio, “Corn is being planted at the slowest pace ever, while soybean seeding is the slowest since 1996. And with the start of June looming, many farmers are facing a tough choice — do they even try to get crops in the ground at all?”

Thursday, June 06, 2019

4 Momentum Technology, Biotech and Mining Stocks to Watch / Companies / Company Chart Analysis

By: Harry_Boxer

These four stocks in the high-momentum technology, biotech and mining areas are on the move.

Advanced Micro Devices, Inc. (AMD) leapt $1.99 to $29.57 on 107 million shares Tuesday. On Monday the chipmaker announced a deal to license its custom graphics intellectual property (IP) to Samsung for use in mobile devices. The stock has broken out of a 2-month sideways channel, and any move across the $29.75 range could get this into the mid-$30's.

Kirkland Lake Gold Ltd. (KL) gained $1.31 to $37.69 on 2.7 million shares Tuesday on no news from the gold mining company. The stock is in a beautiful long-term up-channel from the $5 range in January 2017. After a 3-month sideways formation, the stock has rallied in recent sessions, with Tuesday's move taking out resistance from the Feb 28 high at $36.74. Watch for the mid-$40's next.

Thursday, June 06, 2019

Gold and Silver Vindication... / Commodities / Gold & Silver 2019

By: The_Gold_Report

Precious metals expert Michael Ballanger discusses geopolitical events and movements in the precious metals markets. Hallelujah!

It was only a week ago that I was opining that there was nothing ominous in the technical picture for gold and silver that was altering my bullish stance; RSI and MACD were trending up and price was stubbornly refusing to yield to the myriad of bullion bank attacks mission-driven to force a crack of the critical $1,260.90 50-dma level so widely discussed in past weeks. As I show in the chart posted below, the first major up-gap in gold pricing occurred in the days back in October after the ratings agencies decided to "downgrade" the bonds of GE, a company that is now being seen as serially deficient in its reporting practices and masterfully adept at avoiding the long arm of SEC "law" (that's a joke ��) while using the stock price performance to advance book deals for the two rock star CEOs of the '90s and early 00s, Jack Welch and Jeff Immelt.

I actually wrote about GE back in 2005 after listening to a promotional video on the "unparalleled brilliance" of GE Financial whose use of leverage was deemed "second to none." Immelt was regurgitating the company line of "Growth without Regret" that Welch was spewing all through the mid-to-late-1990s with the objective being not an advancement in the "E" part of the price-to-earnings-ratio but rather a simple advancement in the "R," which does not (and most certainly DID NOT) involve any real growth whatsoever. All that Welch and Immelt cared about was the stock price; Welch was obsessed with advancing it while Immelt was obsessed with defending it. In the end, they have both faded off into the sunset and are rarely seen on CNBC anymore while long-term GE shareholders are now seriously underwater and searching for answers as to why-oh-why their retirement nest eggs went into the tank.

Thursday, June 06, 2019

Torrid Advances in Gold ETFs Stocks Warrant Caution / Commodities / Gold and Silver Stocks 2019

By: The_Gold_Report

Michael Ballanger explains how he is reacting to the advances in the gold ETFs. Given the torrid advance in gold (GLD [SPDR Gold Shares]) and the leveraged miner ETFs (NUGT [Direxion Daily Gold Miners Index Bull 3x]/JNUG [Direxion Daily Junior Gold Miners Index Bull 3x]), it is of note that RSI readings have screamed northward to the point where I don't think I can recall a shift in momentum quite this quickly or with such torque. Now, it doesn't automatically follow that these ETFs are going to crash. In fact, long after RSI readings topped out in February 2016, NUGT and JNUG continued to make new highs for the move. However, today's set-ups appear to be similar to 2016 so caution is warranted in both exiting too soon and staying too late, so how I deal with that is to take down a portion of the risk and that is precisely what we did yesterday.

GLD is somewhat more overbought than the miners so having pitched 50% of the June $120 calls yesterday (@ $5 plus), I am jettisoning the rest in order to leg out to the September calls at some point in the future. The preferable entry point will be in late June or early July or if the RSI numbers can get back to around 30 and preferably the 20s so as to reflect an oversold condition rather than the current overbought condition we have today.