Thursday, November 23, 2017

Is This Gold Rally The Start Of Something Big? / Commodities / Gold and Silver 2017

By: Avi_Gilburt

First published on Sunday Nov 19 for members of ElliottWaveTrader.net: While I would love to believe that the rally we saw on Friday is the start of the next larger degree break out in the metals complex for which many have been eagerly awaiting, there are many signs that suggest it is only part of a corrective rally.

Thursday, November 23, 2017

The Precious Metals Bears' Fear of Fridays / Commodities / Gold and Silver 2017

By: Dimitri_Speck

In the last issue of Seasonal Insights I have shown that the gold price behaves quite peculiarly in the course of the trading week. On average, prices rise almost exclusively on Friday. It is as though investors in this market were mired in deep sleep for most of the week.

Upon this I received a plethora of inquiries from readers regarding the corresponding moves in silver.

Thus I examine the behavior of the silver market on individual days of the week in this issue of Seasonal Insights.

Thursday, November 23, 2017

Will Germany’s Crisis Affect Euro Dollar? / Currencies / Euro

By: ElliottWave-Forecast

Germany suddenly found itself in a political turmoil on Monday after the month-long talk to form a three-coalition party between Angela Merkel’s conservative bloc (CDU/CSU), the pro-business Free Democractic Party (FDP) and environmentalists Greens has failed. The crisis definitely challenges the idea that Germany is the anchor of democratic stability in Europe. FDP walked out of the negotiations on Sunday, saying they could not find a common ground on migration and environment.

Thursday, November 23, 2017

Keeping Your Cryptos Safe From Crooks / Currencies / BlockChain

By: Avi_Gilburt

Thursday, November 23, 2017

Stocks Are At The End Of The Line – Prepare Yourself Now! / Stock-Markets / Stock Market 2017

By: Enda_Glynn

I pay as much attention to anecdotal evidence from the actions of market actors as I do to the actual price action on a daily basis!
Well heres another new all time high for you,
The NYSE margin debt figures were released a few days ago for September last.
NYSE margin debt was up 1.59% on the August figure.
And now stands at a new all time high of $559,641.

Wednesday, November 22, 2017

Some Traders Hit. Some Traders Miss. Here's How to be Part of the 1st Group / InvestorEducation / Company Chart Analysis

By: EWI

Also, watch Jeffrey Kennedy identify two high-confidence trade set-ups in Johnson & Johnson (NYSE: JNJ)

'It's the most wonderful time of the year,' goes the famous holiday song. Except on Black Friday morning, that is, when a deadly stampede of shoppers at the big-name box store runs Granny down in the dry goods aisle.

Wednesday, November 22, 2017

India's Brewing Nationalist Movement / Politics / India

By: John_Mauldin

Indian Prime Minister Narendra Modi’s revolutionary vision for his country’s future bears little resemblance to its present. Yet polls suggest that a strong majority of Indian society may have bought into that vision.

According to a Pew survey released this week, 88 percent of Indians hold a favorable view of Modi, and 83 percent are satisfied with the state of the economy. Most notably, 70 percent said they were satisfied with the direction their country is moving in.

Wednesday, November 22, 2017

Apple, Microsoft, Facebook, Switzerland Is the World’s Largest Hedge Fund / Companies / Hedge Funds

By: John_Mauldin

The BOJ, the ECB, and the Fed have gone on an asset buying spree since 2008.

Meanwhile, the more sober-minded gnomes of the Swiss National Bank expanded their own balance sheet at a much steadier pace.

Though in percentage terms, it blew it up far more than the Fed or the BOJ did theirs. And now the Swiss National Bank is the world's largest hedge fund.

Wednesday, November 22, 2017

Financial Markets Appear Calm, But Liquidity May Be Drying Up / Stock-Markets / Financial Markets 2017

By: Anthony_Cherniawski

SPX futures are marginally higher, having made a premarket high of 2600.00 in futures which translates roughly to 2602.00 in the cash market.

Today’s market may trade in a narrow range on extremely low volume as most traders have left for the holiday.

Wednesday, November 22, 2017

Geopolitical Risk Highest “In Four Decades” – Global Gold Demand to Remain Robust / Commodities / Gold and Silver 2017

By: GoldCore

– Geopolitical risk highest “in four decades” should push gold higher – Citi
– Elections, political and macroeconomic crises and war lead to gold investment
– Political uncertainty in Germany means “gold likely to remain in good demand as a safe haven” say Commerzbank
–  “There has rarely been such political uncertainty in Germany at any time in the country’s post-war history” – Commerzbank
– Reduce counter party risk: own safe haven allocated and segregated gold

Wednesday, November 22, 2017

Relationship between Crude Oil Price and Oil Stocks / Commodities / Oil Companies

By: Nadia_Simmons

Although verification of the last week breakdown under important resistance line pushed black gold under $56, oil bulls didn’t give up and triggered a pullback. What does it mean for light crude? Will the relationship between crude oil and oil stocks give us more clues about future moves?

Wednesday, November 22, 2017

Harry Dent’s Gold Prediction Invalidated / Commodities / Gold and Silver 2017

By: P_Radomski_CFA

We were recently asked to comment on Harry Dent’s predictions for the gold market and we thought that our reply might benefit other gold investors as well. To be precise, we were asked about Harry Dent’s 30-year cycle that supposedly peaked in 2011, and we supposedly could expect gold to peak again somewhere between 2038 and 2040 (you can watch the interview here). The indirect implication is that gold is not likely to soar sooner and that it’s likely to decline for a relatively long time.

Mr. Dent is referring to gold as a premier commodity and he claims that it moves up and down with the commodity cycle, which, in his opinion, is 30 years.

Wednesday, November 22, 2017

New Fed Chairman, Same Old Story / Interest-Rates / US Federal Reserve Bank

By: Kelsey_Williams

President Trump nominated Jerome H. Powell as the new Chairman of the Federal Reserve Bank. Don’t look for much to change. And Janet Yellen’s announcement that she will resign from the board upon Mr. Powell’s induction as board chair is pretty much a non-event.

Where we are today is the culmination of decades of irresponsible financial/fiscal policies and a complete abdication of fundamental economics. But that should not be a surprise. The self-proclaimed purpose of the Federal Reserve Bank is to manage the economic cycles. This is an impossibly presumptive task and a violation of fundamental economic theory.

Tuesday, November 21, 2017

Stock Market High May be Nearby... / Stock-Markets / Stock Market 2017

By: Anthony_Cherniawski

SPX has hit the first of its targets. While it may go higher, this may warn that there may not be much left in this rally. The European markets close at 11:30 and this fits well with the chance of a reversal within this time frame.

Tuesday, November 21, 2017

A Wall Street Veteran: Paying Off Your Debt Is the Best Investment Today / Personal_Finance / Debt & Loans

By: John_Mauldin

BY JARED DILLIAN : I try to keep my investment ideas a secret—if you want them, you have to subscribe! But I’m going to give away this month’s idea. Are you ready? Here it is:

Pay down your mortgage.

Yes, that’s a bit unorthodox to hear from a person writing financial newsletters. But people think too much about the next get-rich-quick idea and not enough about their overall financial well-being.

Tuesday, November 21, 2017

Christmas Cashback Credit Cards Analysis / Personal_Finance / Credit Cards & Scoring

By: MoneyFacts

The cost of Christmas is officially on the rise, as inflation sits at a five-year high of 3%, and food and energy prices are rising, which means running the boiler and buying those all-important Christmas groceries will cost more. With around five weeks left to go until the big day, consumers are likely to be concerned about how much the festive season will dent their bank balance.

Unfortunately, shoppers will find that interest-free deals on credit cards have been shrinking over the past six months, giving consumers fewer months to spread the cost of Christmas. At the same time, the cost of withdrawing cash using a credit card is on the rise and cashback cards are becoming far less rewarding. The latest research from moneyfacts.co.uk compares some of the best deals around, which could help shoppers make the most of rewarding credit cards and current accounts throughout the festive season.

Tuesday, November 21, 2017

GBPJPY Moved Sideways Between 146.93 and 152.85 / Currencies / British Pound

By: Franco_Shao

GBPJPY moved sideways in a trading range between 146.93 and 152.85 for several weeks. Support is at 146.93, as long as this level holds, the sideways movement in the range could be treated as consolidation of the uptrend from 139.30 and another rise towards 164.00 is possible after the consolidation.

Tuesday, November 21, 2017

Gold Sector is On a Long-term Buy Signal / Commodities / Gold and Silver 2017

By: The_Gold_Report

Technical analyst Jack Chan charts the latest movements in the gold and silver markets.

Our proprietary cycle indicator is down.

Tuesday, November 21, 2017

Saudi Arabia and Israeli Alliance Targets Iran / Politics / Middle East

By: BATR

The consequences of the failed American foreign policy in the Middle East has seldom been more vivid with the defeat of ISIS; the U.S. surrogate in the Syrian conflict. ISIS, a blended creation of the CIA and the Mossad was the inevitable result of sanctioning the murder of Libya's Muammar Gaddafi. With the support of Russian involvement, Syria's President Bashar Hafez al-Assad was able to fend off the imperialist efforts of Israel to remove him from office and destroy his country. Defeating ISIS on the battlefield has never been the intention of the DC shadow government. The consistent policy under every US administration has been to protect the Zionist state above all else. Unfortunately, the Trump regime is no different and certainly does not follow a genuine America First foreign policy.

Tuesday, November 21, 2017

What History Says for Gold Stocks in 2018-2019 / Commodities / Gold and Silver Stocks 2018

By: Jordan_Roy_Byrne

It has been a while since we’ve applied historical analysis to the precious metals sector. It is something we really enjoy as history can help define and contextualize current trends and help us spot opportunities. Back in March of this year we noted that the gold stocks could be following the path of recovery of housing stocks since their 2009 bottom. Recently, James Flanagan of Gann Global Financial has produced some excellent videos discussing some historical comparisons that are quite relevant to the gold stocks at present. We saw his videos, remembered our housing analog and wanted to take it a step further. What was the path of recovery of markets following mega bear markets?

We define a mega bear market as at least an 80% decline that lasted roughly three to four years. The image below highlights the data we’ve compiled. Some of the bears are only two years long but they follow the general recovery path. That consists of a very strong initial rebound that lasts six to twelve months which is followed by a correction and consolidation which usually lasts 18 months to two years. Then, the market begins its next impulsive advance.