Monday, September 17, 2018
Financial Markets Macro/Micro View: Waves and Cycles / Stock-Markets / Cycles Analysis
That which has been is what will be,That which is done is what will be done,
And there is nothing new under the sun. Ecclesiastes 1:9 (NKJV)
Much has been written regarding repeating socio/political economic (SPE) cycles. Strauss and Howe wrote about the 20-22 year generational turns, which work in a 4 generation cycle called a Saeculum. Each Saeculum lasts about 80-88 years and includes a repeating pattern of Winter, Spring, Summer and Fall back to Winter again.
R.N. Elliot, A.J. Frost and Robert Prechter (over time) were able to map out an Elliott “Grand Super Cycle” 5 Wave pattern stretching from the founding of the USA into about 1999-2000. W.D. Gann was able to see repeating cycle patterns of 90, 82-84, 60, 45, 30, 20 and 10 years. There are many other cycles like the 4-year presidential cycle and Benner’s Cycle (http://bit.ly/2Qzx4OQ) which I will get to in time.
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Monday, September 17, 2018
Stock Market Bulls Prevail – for Now! / Stock-Markets / Stock Markets 2018
Current Position of the Market
SPX: Long-term trend – The bull market is continuing with a top expected in the low 3000s.
Intermediate trend – Another correction has started which could conceivably continue into mid-October.
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer market trends.
Monday, September 17, 2018
GBPUSD Set to Explode Higher / Currencies / British Pound
Pattern – we can see price bottomed out at 1.2662 and has subsequently made a pattern of higher highs and higher lows. The recent higher low formed a bullish double bottom, denoted by the horizontal line. Double bottoms which form just above the major low are generally an excellent indication of a new uptrend in play. I now expect price to do some backing and filling before launching higher again.Read full article... Read full article...
Monday, September 17, 2018
The China Threat - Global Crisis Hot Spots & Pressure Points / Stock-Markets / Financial Crisis 2018
A preface is required to explain that the US Federal Reserve is responsible for every grand financial crisis in the last 30 years, dating back to the Great Depression and its supposed spurious resolution to Black Monday of 1987. Little realized is that the ’87 crash was a direct result of the impact from outsourcing US industry, whose trend began in 1984 with Intel. The lost legitimate income had a grand effect on the inflows to the US Stock Market. Of course, the newly forming Reich Economic team preferred to describe it differently. The important outcome from the cleanup was the creation of multi-$trillion bank derivatives to serve as phony foundation for the entire Western banking system. Greenspan blessed it as good and firm, but now we know it was soft and weak. These derivatives are blowing up, which will require bailouts and a replacement in the Gold Standard. Instead, expect the derivatives to ramp up further with greater leverage up to the assured catastrophe. The fallout will be great.
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Sunday, September 16, 2018
Silver's Relationship with Gold Reaching Historical Extremes / Commodities / Gold and Silver 2018
Axel Merk Exclusive: Can You Sleep at Night When the Market Goes Against You?
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up we’ll hear from Axel Merk of Merk Investments. Axel reveals the one big mistake many investors are making in not rebalancing their portfolios right now, and he explains why he still sees gold as an important asset to own despite its recent weakness. Don’t miss an eye-opening interview with Axel Merk, coming up after this week’s market update.
Precious metals markets showed some modest strength this week, with gold bulls pushing prices above the $1,200 level on Thursday. As of this Friday recording though, gold is back below $1,200 and trades at $1,197 an ounce, flat for the week now.
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Sunday, September 16, 2018
Emerging Markets to Follow and Those to Avoid / Stock-Markets / Emerging Markets
Just saw a chart with the second quarter GDP results for the fastest growing countries in the world, and…Of course, emerging countries – largely Asia – dominated.
India topped at a whopping 8.2%, followed by waning China at 6.7%, Indonesia at 5.3%, and Turkey at 5.1%.
Other notable emerging countries were struggling, with Brazil at -1.2% and Argentina at -0.7%.
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Sunday, September 16, 2018
Stock Market Correction Ahead, But When? / Stock-Markets / Stock Markets 2018
The broader stock market via the S&P 500 finally broke to new highs in August, while they drifted insignificantly lower on Wednesday.And as Adam O’Dell recently commented, that typically means substantially higher highs ahead… like 13% plus.
What does this mean for my great crash forecast?
Well, my favored scenario right now, with the strong tax cuts Trump handed us, is that the great bubble peak comes in late 2019, not now.
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Sunday, September 16, 2018
Investing - Look at the Facts to Find the Truth / Stock-Markets / Investing 2018
The truth is…
I can’t stand sentences that start with that.
Typically, the author or speaker is discussing a controversial topic and trying to lay the groundwork for his or her position, casting everyone else as a liar or simpleton.
Paul Krugman of The New York Times comes to mind.
Sunday, September 16, 2018
Flowering Bird of Paradise Plant's Life Cycle (UK) / Personal_Finance / Gardening
Anika's Bird of Paradise Plant has finally flowered after 3 long years, so here is the life cycle of of what to expect from a Bird of Paradise Plant Flower, right from when it first appears, blossoms and then very slowly dies back over a good 6 months to reveal it's final secret when the spent flower is cut from the plant.
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Sunday, September 16, 2018
How to Add Zoom to SmartPhone Cameras - MUIO Telescope 12X55mm Review / Personal_Finance / Mobile Technology
The cameras in today's smartphone's such as the Samsung Galaxy S7,S8 and S9 are better than today's compact cameras costing in the region of £200. For instance better slow motion and higher resolution 4K footage when the compacts are still carrying HD specs. So why do most amateur photographers and film makers still rather prefer a cheaper lower quality compact camera than a smartphone? Well its the lack of zoom on smartphone's, so here after much searching on Amazon I settled on the 12X50mm telescope by MUI that cost £30 at the time of review (Amazon UK £30 https://amzn.to/2QErj2y).
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Saturday, September 15, 2018
Gold Stocks Forced Capitulation / Commodities / Gold and Silver Stocks 2018
The gold miners’ stocks suffered a rare capitulation selloff over the past month or so. Selling cascaded to extremes as stop losses were sequentially triggered, battering this contrarian sector to exceedingly-low levels. While very challenging psychologically, capitulations are super-bullish. They rapidly exhaust all near-term selling potential, leaving gold stocks wildly oversold and undervalued which births major new uplegs.
Capitulations are quite rare which makes them inherently unpredictable. The vast majority of selloffs end normally well before they snowball into capitulation-grade plummets. But very seldomly heavy selling just continues to intensify rather than abate like usual. The word capitulation means “the act of surrendering or giving up”. That’s exactly what happens in these extraordinary selling events, traders stampede for the exits.
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Saturday, September 15, 2018
Elliott Wave Analysis of Advanced Micro Devices (AMD) / Companies / Tech Stocks
There have been a lot of mentions about this stock on social media and in the media in general such as CNBC etc. I am not surprised as it’s been on a mission the last few weeks; however the recent peak could well have put in a significant peak, especially considering the media attention this stock has got recently.Whenever a stock or market gets highlighted, it’s generally very close to a turn and usually close to high or low; in this case I can make a solid claim that there are enough gyrations to suggest the advance from the April 2018 lows has ended an impulse wave (5 wave rally).
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Saturday, September 15, 2018
Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 / Stock-Markets / Stock Markets 2018
Our Long Term Risk Model suggests that the U.S. economy & bull market are almost at the point at which “things can’t get much better”, but we’re not completely there yet.
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Saturday, September 15, 2018
Trading The Global Future - Bad Consequences / Economics / Global Economy
The Trump administration’s ‘America First’ policies come at a critical time in the global economy. These bad policies will have adverse consequences in international trade. In the absence of countervailing forces, they could unsettle the post-2008 global recovery and undermine postwar globalization.This summer, the Trump administration’s tariff war penalized $50 billion worth of goods traded between the US and China.
The next stage of White House escalation will impact up to $200 billion of Chinese imports, and result in proportionate Chinese retaliation.
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Saturday, September 15, 2018
Central Banks Have Gone Rogue, Putting Us All at Risk / Politics / Central Banks
Excluding institutions such as Blackrock and Vanguard, which are composed of multiple investors, the largest single players in global equity markets are now thought to be central banks themselves. An estimated 30 to 40 central banks are invested in the stock market, either directly or through their investment vehicles (sovereign wealth funds). According to David Haggith at Zero Hedge:
Read full article... Read full article...Central banks buying stocks are effectively nationalizing U.S. corporations just to maintain the illusion that their “recovery” plan is working. … At first, their novel entry into the stock market was only intended to rescue imperiled corporations, such as General Motors during the first plunge into the Great Recession, but recently their efforts have shifted to propping up the entire stock market via major purchases of the most healthy companies on the market.
Friday, September 14, 2018
Gold Price Seasonal Trend Analysis / Commodities / Gold and Silver 2018
This is my third article in a series of 5 to conclude in a detailed trend forecast for the Gold price for the whole of the remainder of 2018.
- Gold Price Trend 2018 Recap
- Trend Analysis
- Seasonal Analysis
- US Dollar
- Forecast Conclusion
Friday, September 14, 2018
Growing Number of Small Businesses Opening – and Closing – In the UK / Companies / SME
Last year, the Financial Times reported a record number of new start ups in the UK. It is a beacon of light in what have otherwise been difficult economic times over recent years, ones that will only get tougher as Brexit looms closer. However, there are two sides to every coin, and while the number of new businesses is nothing less than laudable, there is also the worrying statistic that around 20 percent of them survive less than a year.
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Friday, September 14, 2018
Bitcoin Price Is About To Bottom / Currencies / Bitcoin
The painful nine month bear market that began when Bitcoin topped in the mid $19,000’s is now the second longest bear market in crypto history; second in rank to one that began after the Mt. Gox sent Bitcoin down nearly 90% in 18 long months.
As is typical in a bear market, the investing public passes blame. Those trapped in the ensuing downtrend look for reasons they are losing money, as if the market owes them something. For cryptos, the opening of CME Bitcoin futures trading, which began trading shortly before the top, is the chief target. I’ve heard that it said that paper futures always ruin markets. Other targets of blame include regulation in the states and abroad, and the plethora of ‘crap’ coins on the market. The general and age old cry that the markets are manipulated also abound.
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Friday, September 14, 2018
Elliott Wave Analysis of Dow Jones Trucking Index (DJUSTK) / Stock-Markets / Stock Markets 2018
This index has been strong recently and is one of the components of the Dow Transportation Average (DJT). I am closely watching the Dow Jones Trucking Index (DJUSTK) for clues to when the DJT will end its advance from the 2016 lows and reverse lower, as it seems that the recent fuel that is driving the Dow Transportation Average (DJT) higher is coming from the rail road and trucking stocks.Looking at DJUSTK I can make a solid case that it’s close to ending an impulse wave from the 2016 lows and current advance is in a 5th wave, although it may still push a little higher as some of the major stocks in the DJUSTK would look better if new highs were seen, stocks just as SAIA & XOP etc. Once we see new highs or some evidence of a reversal I am expecting the DJT to reverse lower.
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Friday, September 14, 2018
My Goodness, What Is Happening to Platinum? / Commodities / Platinum
You may have noticed the platinum price has fallen well below gold’s price and it continues to underperform the other precious metals. What is happening in the platinum market?
We see a handful of factors driving the recent declines in platinum. For starters, it is facing the same challenges we find in the gold and silver markets.