Sunday, April 14, 2019
Stocks Are Going to Stage a Truly VIOLENT Move / Stock-Markets / Stock Markets 2019
By: Graham_Summers
First and foremost, volume has slowed to a trickle. Two of the last four days saw trading volume at their absolute lowest since late September 2018: right before the last market meltdown started.
This is occurring right as the S&P 500 nears the completion of the bearish rising wedge formation that has been building since the December bottom.
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Sunday, April 14, 2019
From US-Sino Talks to New Trade Wars, Weakening Global Economic Prospects / Economics / Protectionism
By: Dan_Steinbock
Recently, IMF cut global growth forecasts. As US-Sino trade talks will give way to next trade wars, new tariff wars will not resolve US deficits but will further impair global economic prospects.Ever since the US-Sino trade talks began almost four months ago, the United States has pushed for a broad commitment focusing on China’s economic practices, including participation of U.S. firms in certain industries and protection of U.S. intellectual property rights (IPRs).
In a recent CNBC interview, Treasury Secretary Steven Mnuchin claimed that the countries had “pretty much agreed” on an enforcement mechanism for a trade deal. After his meeting with the Chinese delegation last week, President Trump stated that negotiators may need four more weeks to package the deal.
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Sunday, April 14, 2019
Stock Market Indexes Race For The New All-Time High / Stock-Markets / Stock Markets 2019
By: Chris_Vermeulen
Without too much attention from traders, the SPY and QQQ are racing to attempt to establish new all-time highs in what may become the most exciting Spring/Summer breakout rally of the past 3 years. While many other symbols are still flirting with November/December 2018 highs, the SPY and QQQ are both showing upside price gaps last week indicating a moderately strong price advancement is taking place. Additionally, both the SPY and the QQQ are already well above early 2018 peak levels.
If you were not paying attention, it sure looks like these two symbols are racing to be the first to break into “new all-time high levels” and shock the doomsayers (again) as we may see this rally continue for at least another 30 to 60 days.
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Sunday, April 14, 2019
Dow Jones Stock Index Gann Angle Update / Stock-Markets / Stock Markets 2019
By: readtheticker
The Dow Jones has its own manner, some stocks are fast, some stocks are slow and some are in between. No matter the powers behind the scenes Gann Angles will help the chartist with the 'Dow Jones Manner Watch'!
These charts provided by NorthmanTrader clearly showing the puppet master behind the scenes
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Sunday, April 14, 2019
Why Gold Price Will “Just Explode… in the Blink of an Eye” / Commodities / Gold & Silver 2019
By: MoneyMetals
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up Frank Holmes of U.S. Global Investors joins me to update us on some of the best value propositions he sees in the markets. He also reveals why he’s very bullish on the metals right now and why he expects the next leg higher to happen in the blink of an eye. Don’t miss another wonderful conversation with the man the Mining Journal named America’s Best Fund Manager, Frank Holmes, coming up after this week’s market update.
Precious metals markets are struggling to gain ground as gold prices continue to oscillate around the $1,300 level. For a 7th straight week, gold traded into or out of $1,300 per ounce. Earlier in the week, gold climbed above that key level but got pulled back below it Thursday on heavy selling.
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Saturday, April 13, 2019
Palladium, Darling of the PGEs, Shifting into High Gear / Commodities / Palladium
By: Richard_Mills
The platinum group elements (PGEs) consist of six metallic elements found in the Periodic Table: iridium (Ir), osmium (Os), palladium (Pd), platinum (Pt), rhodium (Rh) and ruthenium (Ru). Platinum and palladium are the most well-known of the PGEs due to their industrial applications in diesel and gasoline engines. The market for palladium has become especially interesting of late, with the price of the silvery-white metal gaining 18% in 2018, an otherwise down year for metals. Scaling an uncharted $1,600 per ounce in March, palladium is up 70% from a year ago.
We’ll get into the reasons for that in this article, and much more, as we dig deep into the world of PGEs.
Characteristics
PGEs share similar physical and chemical properties, and they usually occur together in the same orebodies. The similarities include a resistance to corrosion, high melting points, and catalytic qualities, meaning they speed up chemical reactions without themselves being chemically altered.
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Saturday, April 13, 2019
MMT is a spectacularly Dem idea / Commodities / Gold & Silver 2019
By: Richard_Mills
Economists are good for one thing, and that is creating theories. The trouble is, those theories are often wrong. This is why economics is often called “the dismal science”. Such is the case with the latest economic soup-de-jour, Modern Monetary Theory, or MMT for short.
In this article we take a deep dive into MMT: What is it? Who’s behind it or against it, whether it could work, and what it would mean for gold.
What is MMT?
Modern Monetary Theory is a new way of approaching the US federal budget that is both unconventional and absurd. It posits that rather than obsessing about how large the debt has grown (over $2 trillion) and the ongoing annual deficits that fuel debt, we should focus on spending, specifically, how the government can target certain spending programs that will cause minimal inflation. Fiscal policy on steroids is, according to its proponents, to be the new engine of US growth and prosperity.
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Saturday, April 13, 2019
The 'Silver Lines' of Opportunity / Commodities / Gold & Silver 2019
By: EWI
How to turn a simple chart into a near-term road map
On February 20, Variety Magazine's "Film News Roundup" announced a new thriller coming to theaters near you: "The Silver Bear."
Funny enough, that same day, another kind of thriller was playing out in the theater of finance; its name, the Silver Bull!
The chart below captures the action: Since the start of 2019, silver prices had been on a tear, soaring to $14, $14.50, $15, $15.50 and then $16 per ounce in late February in a white-hot winning streak that has outperformed even gold.
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Saturday, April 13, 2019
Gold Stocks Bull Market Breakout Potential / Commodities / Gold and Silver Stocks 2019
By: Zeal_LLC
Gold has faded from interest in the past couple months, overshadowed by the monster stock-market rally. But gold has been consolidating high, quietly basing before its next challenge to major $1350 bull-market resistance. A decisive breakout above will really catch investors’ attention, greatly improving sentiment and driving major capital inflows. With gold-futures speculators not very long yet, plenty of buying power exists.
Last August gold was pummeled to a 19.3-month low near $1174 by extreme all-time-record short selling in gold futures. The speculators trading these derivatives command a wildly-disproportional influence on short-term gold price action, especially when investors aren’t buying. Gold-futures trading bullies gold’s price around considerably to majorly, which can really distort psychology surrounding the gold market.
The main reason is the incredible leverage inherent in gold futures. This week the maintenance margin required to trade a single 100-troy-ounce gold-futures contract is just $3400. That’s the minimum cash traders have to keep in their accounts. Yet at the recent $1300 gold price, each contract controls gold worth $130,000. So gold-futures speculators are legally allowed to run extreme leverage up to 38.2x!
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Saturday, April 13, 2019
INSOMNIA 64 Games Festival - Bring Your Own Computer (BYOC) / Personal_Finance / Gaming
By: Sami_Walayat
The Insomnia 64 gaming festival begins on the 19th of April 2019 at the Birmingham National Exhibition centre. One of the key attractions of Insomnia is bringing your own computer and join the UK’s biggest LAN party. On site indoors camping is available for campers.
You can also even rent one on site if you don’t bring your own.
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Friday, April 12, 2019
America Has a Monopoly Problem / Economics / Economic Theory
By: John_Mauldin
Without realizing it, we’ve become a nation of monopolies. A large and growing part of our economy is “owned” by a handful of companies that face little competition.They have no incentive to deliver better products or to get more efficient. They simply rake in cash from people who have no choice but to hand it over.
This would be impossible if we had true capitalism.
Even if we admit some businesses are natural monopolies, most aren’t. Most of them found some non-capitalistic flaw to exploit.
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Friday, April 12, 2019
The Fed Created an Economy of Zombies and Unicorns / Stock-Markets / US Federal Reserve Bank
By: John_Mauldin
Central bankers have a well-worn playbook for handling recessions.
Cut interest rates, increase liquidity, and otherwise shove capital into the private sector. This helps businesses hire more workers and raise wages. Then gradually remove all the stimulus as growth recovers.
This playbook truly fell apart in 2008. The system had so much debt that adding yet more of it didn’t have the desired effect.
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Friday, April 12, 2019
Trump Calls for New Quantitative Easing to Prop Up U.S. Economy / Interest-Rates / Quantitative Easing
By: MoneyMetals
As gold and silver markets continue in choppy trading this spring, bulls are hoping a dovish Fed will sink the dollar and lift the metals.
Now that the Federal Reserve is on “pause” – presumably for the rest of 2019 – perhaps investors can stop obsessing over interest rate decisions by central planners. Perhaps markets can finally trade based on actual market signals and underlying fundamentals.
Perhaps ... not.
With 2020 election campaigns already underway, interest rate policy will be a political football in the months ahead. Incumbent administrations almost always favor lower interest rates heading into their re-election bids, and this one is no exception.
Friday, April 12, 2019
INSOMNIA 64 Games Festival - Ticket Prices and Car Parking / Personal_Finance / Gaming
By: Sami_Walayat
The INSOMNIA 64 Games festival starts on Friday 19th of April. In past years its been held at the Ricoh arena this year it is being held at the Birmingham National Exhibition centre. Here's the run down of what to expect in terms of car parking and ticket prices.
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Friday, April 12, 2019
Natural Gas Continues To Offer Opportunities for Longs / Commodities / Natural Gas
By: Chris_Vermeulen
Historically, April has been a pretty consistent upside opportunity in Natural Gas for over 20 years. Over the past 24+ years, the upside opportunity in Natural Gas has been accurate over 68% of the time with the average upside potential ranging from $0.60 to $0.85. With Natural Gas sitting down near recent lows and seeing as though we are still fairly early in the month of April, our researchers believe the opportunity still exists for some quick profits in UNG with an upside move from below $23.95 to a target level of $26 to $28 (roughly +9 to +18%).
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Friday, April 12, 2019
Elliott Wave Analysis of XLRE (Real Estate Select Sector SPDR ETF) / Housing-Market / US Housing
By: WavePatternTraders
XLREThis index is one of the more cleaner markets and showing a potential impulse wave (5 wave advance) from the Dec 2018 lows, whilst many other sectors and US stock markets have lagged this index, the clarity of this particular index, actually highlights a potential setup for a reversal and an opportunity for those that want to bet on a potential decline.
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Friday, April 12, 2019
What Does the Future Hold for the High-Interest Credit Market? / Companies / Debt & Loans
By: Submissions
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Thursday, April 11, 2019
Gold and Silver Still on the Road to a Low Risk Setup / Commodities / Gold & Silver 2019
By: Gary_Tanashian
From a post on gold and silver on Tuesday…
Very simply, if it’s an H&S it’s a minor one with a target to the SMA 200 or short-term lateral support. Gold has curled back up to test the underside of its SMA 50. A takeout of 1310 and then the March high could put yeller back in business. Otherwise, don’t personalize it. A test of the SMA 200 would be normal.
The H&S was not my thing. I tend not to get overly excited about short-term patterns and surely do not announce them far and wide to stir people up. It was a product of the gold community, some members of which have been flipping in head spinning fashion between bullish and bearish views. I note it again because I don’t want that stink on me. The upside and downside parameters above were my stuff.
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Thursday, April 11, 2019
The Gold Market Right After Super Wednesday / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
Super Wednesday is behind us! The masters of monetary policy have revealed their cards. The Fed released the fresh minutes, the ECB held its monetary policy meeting, while the Brexit was postponed again. How will all these play out in the gold market?
Minutes Show Patience among the FOMC Members
The minutes from the pivotal FOMC meeting show that the Fed saw the first-quarter economic slowdown as transitory and that the real GDP growth would bounce back solidly in the second quarter. Although the yield curve inverted for a while, the central bankers noted that the unusually low level of term premiums in longer-term interest rates has made the yield curve a less reliable economic indicator.
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Thursday, April 11, 2019
S&P 500 at 2,900 Mark, Will Stocks Break Higher? / Stock-Markets / Stock Markets 2019
By: Paul_Rejczak
Stocks retraced some of their Tuesday’s decline yesterday, as they continued to fluctuate following the recent rally. The S&P 500 index traded slightly below the 2,900 mark. Will the uptrend continue despite some technical overbought conditions?
The U.S. stock market indexes were mixed between 0.0% and +0.7% on Wednesday, as investors hesitated following Tuesday’s decline. The S&P 500 index retraced more of its October-December downward correction of 20.2% on Monday. The broad stock market's gauge is now just 1.8% below September the 21st record high of 2,940.91. The Dow Jones Industrial Average was unchanged and the Nasdaq Composite gained 0.7% on Wednesday.
The nearest important resistance level of the S&P 500 index remains at 2,890-2,900, marked by some early October local highs. The next resistance level is at 2,920-2,940, marked by the mentioned record high, among others. On the other hand, the support level is at 2,860-2,865, marked by the recent local lows. The support level is also at 2,835-2,850, marked by the previous Monday’s daily gap up of 2,836.03-2,848.63.
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