Wednesday, February 28, 2018
Gold Stocks Break Down below 2017 and 2018 Lows! / Commodities / Gold and Silver Stocks 2018
By: P_Radomski_CFA
The HUI Index just closed below both 2017 and 2018 lows. The interpretations of many developments in the market are vague and subjective. But not major breakdowns. Gold miners just showed exceptional weakness by closing at new lows even though gold is still above $1,300 and the S&P corrected more than half of its recent sharp decline. Can anything save the precious metals sector from falling further?
Yes, but based on what happened yesterday, it seems that the golden Superman may have some trouble getting into the scene.
Another downturn in the USD Index would likely trigger a corrective upswing in gold and silver, which would in turn cause the prices of mining stocks to move higher. The “problem” here is that the USD has just invalidated the breakdown below the declining medium-term support line, which significantly lowered the odds for another short-term decline.
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Wednesday, February 28, 2018
China Growing Peoples Unrest Following Xi Jinping Declaring Himself as New Emperor / Politics / China
By: Submissions
Rongxian Mu writes: Cities across China such as Zunyi are increasingly witnessing out breaks of unrest following Xi Jinping's announcement to declare himself at least Emperor for life and likely to seek a dynastic rule of China some decades down the road. The people of China are not going to stand for this and thus a growing resistance against the rule of the communist elite is taking place and spreading across China, none of which is being reported on by the official media.
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Wednesday, February 28, 2018
The Light at the End of the HUI Gold Stocks / Commodities / Gold and Silver Stocks 2018
By: Rambus_Chartology
I’m going to use this long term weekly chart for the HUI as a proxy for the other PM stock indexes. This chart also shows you why I’ve remained very cautious on any PM stock rally.
What we know for sure is that the HUI rallied strongly out of its January 2016 low to the August 2016 high which was very impressive. At the time it looked like the initial impulse move in a brand new bull market which was a welcomed sight after 5 years of bear market price action. At the 2016 top is where we should have expected some type of consolidation pattern to start building out to consolidate that massive gain, but what we got is not what we wanted to see.
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Wednesday, February 28, 2018
More State Regulations and Higher Minimum Wage / Politics / US Politics
By: BATR
Disputing that the economy is healthy has been an occupational job for decades. Still the government unemployment stats paint a picture that full employment is upon us. Undercounting the permanently discouraged may just be the largest category of growth that goes under reported. However the empirical data for the real causes and disincentives of both the employer and employee are usually glossed over. No doubt the shift in actual job requirements are constantly changing, but the effects of switching the ground rules makes some state governments non-competitive with other jurisdictions.
The New York Law Journal digs into the weeds to illustrate a proposed regulation that cannot help improve the plight of labor in 'No Help Wanted': The Regulation and Elimination of Retail Positions outlines an absurd example of governmental interference.
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Wednesday, February 28, 2018
Does the Stock Market Need to Make a Pullback? / Stock-Markets / Stock Markets 2018
By: Troy_Bombardia
I expected the S&P 500 to make a short term pullback before rallying higher in the medium term. Hence the current rally’s intensity does surprise me a little. But I’m unfazed because 95% of my capital is traded via the Medium-Long Term Model, which ignores the short term.
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Wednesday, February 28, 2018
Sheffield Street Tree Fellings - Pingle Road, Dobcroft School Night Attacks! / Local / Sheffield
By: N_Walayat
Sheffield tree fellings resumed this week after a 4 week pause following the Mayhem on Meersbrook Park Road on the 22nd of January 2018. Whilst the police have been taking a heavy handed attitude towards the protestors this week. It's what's happening elsewhere that has children weeping on their way to School as they walk past trees that have been attacked and mutilated during the night, literally drive by fellings, leaving behind butchered trees as is the case on Pingle Road at the end of which sits Dobcroft Infants and Junior School.
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Wednesday, February 28, 2018
Doritos 100% Every Time WIN Promotion, Cash Prizes Upto £500 per Day! / Personal_Finance / Freebies and Comps
By: Sami_Walayat
Doritos recently launched a promotion that we said at the time was easy to win, one of thousands of DAILY prizes awarded every day until the 16th of April, ranging from £500,all the way down to a free packet of Doritos crisps. Given the large number of 121,000 prizes up for grabs then this really was deemed to be an easy to win promotion. Well our experience to date confirms all of that as so far we have entered 18 codes from 18 Doritos packets and WON 18 Prizes! 16 packets of crisps and £5 X2, an incredible 100% success rate! So definitely don't miss this apparent 100% winnable promo, at least at this stage. So do check out our video that explains the specs and prizes of this remarkably easy to win promotion.
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Tuesday, February 27, 2018
Stocks May be Turning Down / Stock-Markets / Stock Markets 2018
By: Anthony_Cherniawski
SPX futures are pulling back from their overnight high and have turned red from yesterday’s close. Yesterday may have indeed been a Cycles turn date, but delayed by the algos. However, if their motive was to bring investors back into the market, they may have succeeded.
Yesterday’s high clearly marked this rally as a Wave C of Wave (2). My original Wave count was correct. However, I allowed myself to be influenced by others who were a little less careful about Wave structure.
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Tuesday, February 27, 2018
Stocks? Who Cares? You Should Worry about Something Else, Bonds! / Interest-Rates / US Bonds
By: Arkadiusz_Sieron
Investors are still worried about the stock market. It’s quite understandable, given the recent correction, but it draws their attention away from the really important developments. Let’s analyze the hidden threats and consider how they could affect the gold prices.
It’s Bonds, Stupid!
Let’s establish one thing at the beginning. The bond market is more important than the stock market. First, it’s significantly bigger. The global bond market exceeds $100 trillion, while the global stock market is higher than $70 trillion. Point for bonds.
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Tuesday, February 27, 2018
Fresh Fight For Best Five-year Fixed Rate Savings Account Deals / Personal_Finance / Savings Accounts
By: MoneyFacts
Savers may be pleased to hear that rates are improving on five-year fixed rate bonds. Furthermore, it may not necessarily be down to the Bank of England increasing the base rate for the first time in 10 years. In fact, the average five-year fixed bond rate rests at 1.98% today, which is 0.24% higher than it was a year ago.
Remarkably, providers have not had to work too hard to attract customers, as the smallest of tweaks have resulted in propelling them to higher positions in the Best Buy tables. Indeed, since the start of February, several changes in the market have resulted in market-leading deals.
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Tuesday, February 27, 2018
Crude Oil Price Trend Forecast for March 2018 / Commodities / Crude Oil
By: Nadeem_Walayat
The crude oil price started 2018 with a BANG, rising from an opening $60 to a January peak of $67, that's a 12% gain in less than 1 month!
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Tuesday, February 27, 2018
US Goldilocks Economy is DEAD! / Economics / US Economy
By: James_Quinn
“Once you strip out the effects of the debt binge, the artificial stimulus via currency depreciation, and the fabled ‘wealth effect’ from the equity market runup, real GDP growth stripped-down to its core was the grand total of 0.7% last year. Potemkin would be proud.” – David Rosenberg
appears every president finds the religion of false economic narrative once they ascend to power. Trump never stops babbling and tweeting about the fantastic economy and raging jobs market since his election. He has embraced the stock market bubble as proof of his brilliant leadership, rather than the tens of trillions in debt propping up the most overvalued market in world history. Every president takes credit for any good news, spins bad news as good news, or blames the previous president for bad news that can’t be denied. The president has absolutely zero impact on the economy or stock market over the short term. It’s like taking credit for the sun rising in the east each morning.
The Big Lie method works wonders when you have a willfully ignorant, mathematically challenged, easily manipulated populace. I spent the entire Obama presidency obliterating the fake economic data perpetuated by his BLS, BEA and every other government agency trying to paint a rosy economic picture. I voted for Trump because the thought of Crooked Hillary as the president made me ill. Despite disagreeing with many of his economic, budgetary, and military policies during his first year in office, I’d vote for him again over Hillary in an instant. The thought of having that evil shrew running the country gives me chills.
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Tuesday, February 27, 2018
US Stock Market in Position for Downwave #2 / Stock-Markets / Stock Markets 2018
By: Clive_Maund
Technical analyst Clive Maund explains why he believes the stock market rally of the past couple of weeks is not a resumption of the bull market.
This is a very timely point to remind ourselves that when the market broke down and plunged a few weeks ago, it did so from a parabolic blowoff top, or as we had defined it, a 4-arc Fan Ascent, which amounts to the same thing for practical purposes, a top that was accompanied by all oscillators and indicators being at record overbought extremes. While this top may not look all that extreme compared to something like Bitcoin, we should keep in mind that the broad US stock market is infinitely greater in magnitude than something like Bitcoin, and therefore vast amounts of capital are required to create any kind of parabolic blowoff. Given that there was a long lead in to this parabolic blowoff it means that the stock market is done—finished—and the bell has been rung on a new bear market.
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Tuesday, February 27, 2018
Things to Think About Before Mortgage Refinancing / Housing-Market / Mortgages
By: Kavinesh_A
You have probably thought of the idea to refinance your mortgage in order to gain some benefits. Maybe you think it is a pretty good idea, but you first must know what exactly refinancing involves. Keep in mind that refinancing means applying for a loan from some loan intermediary like the Swedish company Sambla and going through the process from the start. It is like buying completely new house. Due to the many details and other things involved in the process, a good idea is to see a financial or mortgage advisor for advice. That way you will get a clear picture about interest rates and other important things.
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Monday, February 26, 2018
Bonds and Related Financial Market Indicators / Interest-Rates / International Bond Market
By: Gary_Tanashian
The following is an excerpt from this week’s edition of Notes From the Rabbit Hole, NFTRH 488. For NFTRH bonds are not just an asset class ‘throw-in’ but instead are a key indicator set to the entire modern macro. Insofar as it may be time to use them for portfolio balance (I am currently long SHV, SHY, IEI & IEF), so much the better. Many could not wait to buy bonds during US ZIRP global NIRP operations, but today they pay better interest and have a contrarian edge with the entire herd bracing for a bear market.
We claimed appropriately bearish on bonds on December 4th, so you know this is not perma-book talking when we go the other way as yields hit our targets.
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Monday, February 26, 2018
Probable Stock Market Pop-n-Drop / Stock-Markets / Stock Markets 2018
By: Anthony_Cherniawski
Good Morning!
SPX futures are up enough to complete a fifth Wave of C. The 61.8% Fibonacci level and Intermediate-term resistance at 2754.93 are still key to this retracement, although the SPX may briefly go as high as 2763.59 in a pop-n-drop to clean out any short positions with stops. This market is being vicious to those who shorted late and making it difficult to keep their positons. It may be a good time to layer in any short positons you may wish to have.
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Monday, February 26, 2018
Stock Market Bull Trap? / Stock-Markets / Stock Markets 2018
By: Brad_Gudgeon
The rally into early Monday, February 26, 2018 is no surprise to me. The charts below were written over the weekend suggesting follow through buying into early Monday at or above SPX 2754 and then a sudden fast reversal down below the 2532 area.I’ve seen this e-wave pattern before following a wxy W Wave where Wave X sees an irregular topping pattern (coming out of a bull flag formation) catching the bulls by surprise and leading to huge down move.
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Monday, February 26, 2018
An Inflation Indicator to Watch, Part 2 / Economics / Inflation
By: F_F_Wiley
But does it really?
In Part 1 of this series, I said I would challenge popular beliefs about inflation, while at the same time proposing an alternative theory. I also promised that the theory leads to an inflation indicator with an excellent prediction record, and I’ll define the indicator in this article. Considering inflation determines bull and bear markets in both stocks and bonds, that’s my big pitch.
But first, here’s a recap.
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Monday, February 26, 2018
Digital Gold Provide the Benefits Of Physical Gold? / Commodities / Gold and Silver 2018
By: GoldCore
– Will digital gold provide the benefits of physical gold?
– Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold
– They are yet to provide the same benefits or safety as owning physical gold
– National mints jumping in on the ‘sexy blockchain’ act
– BOE declares bitcoin ‘not a currency;’ Royal Mint launches blockchain gold product
– Digital gold, blockchain gold and crypto gold is frequently not fully backed, unallocated, pooled and unsecured gold holdings
Monday, February 26, 2018
Here Is The Most Ridiculous Commentary About The Stock Market / Stock-Markets / Stock Markets 2018
By: Avi_Gilburt
Whenever I write a new article on the stock market, I usually try to highlight just how ridiculous much of the commentary about the market truly is. My ultimate goal is to force you to think on your own and adopt a more intellectually honest perspective of financial markets, rather than just buying into anything you read or hear.
Two weeks ago, I noted how the pundits claimed the market dropped because of rising rates, but when the market rallied, the same pundits claimed that it was rallying because of rising rates.
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