Saturday, November 03, 2018
Silver Bottoming Almost Complete / Commodities / Gold and Silver 2018
The current silver bottoming process is very similar to that of 2001 to 2003. It took a while for silver to establish a base which set up the bull rally in the following years to 2011.
The current bottoming has been longer, but it fits the profile of the early 2000 bottom in many respects. Below, is a chart which show the similarity:
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Saturday, November 03, 2018
Saudis Might Embrace A 'Take-The-Money-And-Run' Strategy Post Khashoggi / Politics / Saudi Arabia
Since the murder of Jamal Khashoggi in the Saudi Consulate in Istanbul, oil prices have plunged by 11.92%. Just today, West Texas Intermediate (WTI) shed 4.56%. At present, WTI is trading at $66.05/bbl. That’s well below the high for the past year of $76.90. It’s also well below my forecast for the year’s end price of $75/bbl.
To shed some light on what might be driving the crude oil market, let’s use the flickering candle of the economics of production. The economic production rate for oil is determined by the following equation: P - V = MC, where P is the current market price of a barrel of oil, V is the present value of a barrel of reserves, and MC is the marginal recovery cost of a barrel of oil.
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Saturday, November 03, 2018
Palladium Technical Analysis Price Forecast / Commodities / Palladium
This a technical look at the prospects for the Palladium price. This analysis was first made available to Patrons who support my work. So to get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.
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Saturday, November 03, 2018
SMIGGLE Advent Calender 2018 UK - What's Inside Part 2 - Gifts 9 to 16 / Personal_Finance / Shopping
Thinking of buying the new SMIGGLE advent calendar but wondering exactly what's inside, and whether its worth the £25 price tag (discounted to £22.50 in Sheffield). Well wonder no more as we open up TWO SMIGGLE Calendars to see what goodies it contains. Two calendars because we wanted to make sure that the items don't vary from calender to calendar.
So find out in our latest SMIGGLE video exactly what's inside the 2018 Advent Calendar, where part 2 covers gifts 9 to 16.
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Saturday, November 03, 2018
Olympus Tough TG-5 Water Proof Camera Under Water Test / ConsumerWatch / Reviews
In this seres of videos we put the compact Olympus Tough TG-5 waterproof under water use camera through it's paces. Where in this vide we conduct it's first water proof test to see what happens when one submerges a TG-5 camera under water for over a minute. So find out in our third video what happens and what to expect from a TG-5 camera that costs in the range of abotu £320 to £400, as set against an average price of abotu £300 for for waterproof cameras.
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Saturday, November 03, 2018
5 Practical Tips to Decorating Your Office Space / Companies / SME
You probably don’t have time to think about how your office should look, but at the same time, you know that it has to look good because it represents your business. Of course, you and your team spend a good chunk of your day in this space and you’d want it to feel less claustrophobic and more conducive for productivity.
If you cringe at the thought of doing a full office makeover because of the expenses, you’d be glad to know that a few changes here and there can already do wonders to your office space. To get you started, here are five practical tips that are easy to follow and most importantly, easy on your pocket:
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Friday, November 02, 2018
Trump Is Not Thrilled. But What about Gold? / Commodities / Gold and Silver 2018
Trump is going to influence the US monetary policy or even to destroy the Fed’s independence. This is what many analysts say after the recent President’s comments. But are they right? We invite you to read our careful examination of Trump’s remarks about the Fed’s policy and find out what does it imply for the independence of the US central bank and the gold market.
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Friday, November 02, 2018
The Stock Market’s Road Higher is Going to be Really Choppy / Stock-Markets / Stock Markets 2018
The U.S. stock market rallied today but faced resistance at its 38.2% retracement (38.2% retracement is the minimum requirement for a bounce).
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Friday, November 02, 2018
Stock Market Barometers, Thermometers, and Recency Bias / Stock-Markets / Stock Markets 2018
Precious metals expert Michael Ballanger discusses recent moves in the stock market. As the month of October fades away and is replaced by the month of November, which represents the start of the "best six months of the year" for stocks, traders are all sharpening pencils, firing up slide rules and priming keyboards in anticipation of making some very bold calls on the pending "bottom" for the current market bloodbath. This weekend alone, the blogs and email inboxes are stuffed with glowing predictions of an imminent upturn and the number one reason for this is apparently the "incredible strength of the U.S. economy."
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Friday, November 02, 2018
Iron Lady of Europe Quits. Will Gold Replace Her? / Commodities / Gold and Silver 2018
On Thursday, Mr. Draghi held a press conference. But the real thunderbolt hit on Monday, when Ms. Merkel announced that she would step down this year as a leader of her conservative party. Will that lighting make gold shine?
Draghi Says That We Shouldn’t Worry
Let’s start with the latest ECB’s monetary policy statement and the following Draghi’s press conference. In short, the ECB kept its monetary policy unchanged, which means that the European quantitative easing will end in December 2018. Given a somewhat weaker economic momentum in the euro area and the turmoil in Italy, the lack of any changes might seem to be rather hawkish. However, the expansion of the euro area economy continues, while inflation pressure is gradually rising. According to Draghi, we should not worry about the weaker momentum, as “it’s simply that we're having growth returning to potential after 2017, where it was clearly above potential.”
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Friday, November 02, 2018
You Need These Five Tips to Grow Your Business Quickly / Companies / SME
Every entrepreneur starts a business with one common goal in mind: growth. The world loves a good success story, after all, and building a business from scratch and growing it into an empire is definitely one of the most interesting topics out there.
Business growth, however, doesn’t happen overnight. In fact, it takes a great deal of time, effort and money to take your business higher. The good news is, it can be done. The better news is, you have these five tips to get you started:
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Friday, November 02, 2018
Win Big in Gold and Silver without “Buying the Bottom” / Commodities / Gold and Silver Stocks 2018
Last month in this space, I penned an essay titled "Are Silver and Gold 'at the Flood'"?. A few weeks later, two other essays on another widely-read site discussed this topic from the same perspective and sourcing – a case of "great minds thinking along similar lines"?
Please take time to read or review that Money Metals Exchange Post of August 28.
I made the case of a misalignment in the precious metals' markets regarding price versus value which had become so pronounced that – in the near term – an explosive change in trend catching most participants by surprise was pretty much baked into the cake.
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Friday, November 02, 2018
EWY South Korea ETF, Proxy for Global Tech, Probing Key Support / Stock-Markets / South Korea
Many Street analysts consider the iShares South Korea ETF (EWY) as a proxy for the health of global technology, the semiconductor sector, the chip sector, and perhaps the retail electronics sector as well.
One look at my weekly chart of EWY shows that it has been in the grasp of a major correction or possibly even bear phase since its January all-time high at 79.07 into Tuesday's low at 56.34, a near 30% decline. This decline has retraced two-thirds of of the entire prior advance from the August 2015 low at 42.94 to the January 2018 high at 79.07. One could think that the ugly EWY performance reflected deteriorating relations with North Korea, but, ironically, relations have not been so promising since 1950!
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Friday, November 02, 2018
Sentiment Extremely Bearish, Setting Up the Stock market For a Nice Rally / Stock-Markets / Stock Markets 2018
For the first day in 2 weeks, the U.S. stock market did not selloff in the final hour of trading yesterday.
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Friday, November 02, 2018
Stock Investors Are Getting Stressed, And It Can Get Much Worse / Stock-Markets / Stock Markets 2018
I am starting to see evidence of serious stress from investors based upon the tone of the some of the comments I am seeing in my articles on the market. Well, at least from those who did not heed my warnings.
In fact, even though I warned about this type of drop well before it happened, some investors were taking their anger out on me even though the market did exactly what I warned it would do. This suggests a high amount of stress being felt by many investors after only a 10% drop off the highs. Can you imagine what it will be like if we attained the full 20-30% correction that we see as a strong potential?
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Friday, November 02, 2018
5 Good Career Options for Those Who Like Finance / Personal_Finance / Employment
One of the most beautiful aspects of the financial field is how vast and versatile it is. There are positions that cater to every skill and aptitude out there and that will allow you to follow a career that actually fits your interests. But with this plethora of choices, finding one career path can be a challenge. Here are just a few great positions you could consider as a finance graduate.
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Thursday, November 01, 2018
The U.S. Stock Market is Very Volatile Right Now. What’s Next / Stock-Markets / Stock Markets 2018
The U.S. stock market has been very volatile recently, swinging up and down more than 1% each day.
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Thursday, November 01, 2018
Trump Is America’s National Piñata / Politics / US Politics
It’s been quite a while since I first wrote that I resented the MSM (New York Times, Washington Post, CNN, MSNBC etc etc) for effectively monopolizing the entire discussion about Donald Trump. Don’t remember exactly when I wrote that, do remember Jim Kunstler sent a mail and thanked me for saying it. Because he felt- and feels- the same way.
The 24/7 daily Trump bashing machine that was unleashed in late 2015/early 2016 meant that people like us had a choice of criticizing Trump where he needed to be criticized, but that would put us in the MSM camp, where we don’t want to be. And we don’t want to not criticize him either, because there’s so much that needs scrutiny.
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Wednesday, October 31, 2018
R.I.P. Fed-Fueled Stocks Bull Market (2009-2018)? / Stock-Markets / Stock Markets 2018
The Nasdaq composite enters this week’s trading down over 10% in the month of October. For what it’s worth, market technicians consider a 10% pullback an official “correction.”
So far it’s just that – a correction. It may therefore be a bit premature to carve the stock market’s tombstone.
But investors should be prepared for further downside in share prices… and a possible longer-term (and long overdue) bear market after several years of relentless Fed-fueled price appreciation.
Wednesday, October 31, 2018
US Elections May Trigger Major Stock Market Bottom – PART II / Stock-Markets / Stock Markets 2018
The clock is ticking on our expected bottom formation and now is the time for skilled traders to begin to position their trades for the remainder of 2018 and early 2019. We detailed why we believe the US equities markets have already, or are currently, hammering out a price bottom after the last few weeks downside price activity. In part one of this article, we illustrated how the US elections cycles are really more of a global geopolitical event and often drive price rotation in the months prior to these elections. Please take a minute to read Part 1 of this two-part research post if you have not already done so.
In this second part of our US election research post, we are going to continue to review topics that were previously discussed as well as highlight how certain market segments appear to be setting up for a massive price reversal. So, let’s get started.
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