Sunday, October 15, 2017
The Bullish Chartology for Gold / Commodities / Gold and Silver 2017
By: Rambus_Chartology
Tonight I would like to update you on some of the longer term gold charts we’ve been following which are still hanging in there from the bullish perspective. Keep in mind these are long term charts so changes come slowly.
Lets start by looking at the long term weekly chart for gold which shows its 2011 bear market downtrend channel we’ve been following for a long time now. Back in July of this year the price action broke out above the top rail and just recently the top rail was backtested from above and we are getting a bounce exactly where we needed to see a bounce.
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Sunday, October 15, 2017
The Stump That Amey Forget, Will it Come Back to Life? - Sheffield Trees / Local / Sheffield
By: Anika_Walayat
There once was a nice small cherry tree growing on a Sheffield side street producing lovely cherry blossom that the children enjoyed, then AMEY CAME said it was diseased and CUT the TREE down leaving an horrific looking stump behind! But it looked like Amey forgot all about the little stump, so find out what happened to the Stump that Amey forgot, can tree stumps come back to life?
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Sunday, October 15, 2017
Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin / Currencies / Bitcoin
By: Jeff_Berwick
As I write, bitcoin is currently yet again at an all-time high, now over $5,800 with a $97 billion market cap.
And the cryptocurrency space as a sector is on the cusp of an all-time high as well, sitting at $177 billion, just shy of the $178 billion high hit six weeks ago.
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Sunday, October 15, 2017
How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders / Interest-Rates / Global Debt Crisis 2017
By: Ellen_Brown
During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island's bond debt. He said on October 3rd:
Read full article... Read full article...You know they owe a lot of money to your friends on Wall Street. We're gonna have to wipe that out. That's gonna have to be -- you know, you can say goodbye to that. I don't know if it's Goldman Sachs but whoever it is, you can wave good-bye to that.
Sunday, October 15, 2017
Gold And Silver – Think Prices Are Manipulated? Look In The Mirror! / Commodities / Gold and Silver 2017
By: Michael_Noonan
Almost everybody complains or laments how both gold and silver are being manipulated, and they are, going back at least to the 1920’s and 1930’s and not just recently. Curiously, very few are even aware, let alone consciously complaining, about how manipulated their lives and those of everyone around them have been and continues to be.
It has been a few months since our last commentary. We used to present one each week, but over the last several months, it makes less and less sense to provide one. The lies by all governments and the media are too many and too constant, and too many people remain cluelessly content in their chosen ignorance to resist and force changes.
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Sunday, October 15, 2017
Bitcoin Powers Through To New Highs Near $6,000 While Jamie Demon Talks Trash / Currencies / Bitcoin
By: Jeff_Berwick
The Berwick Champagne curse has been broken.
Every time in the past I posted a photo of me with a champagne bottle after bitcoin had hit a new all-time high, it “crashed”. Or, at least it went down quite a bit before quickly retaking new highs.
Not this time, though! Shortly after posting that bitcoin had surged through $5,000 yesterday it continued on to hit a high over $5,700.
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Saturday, October 14, 2017
Q4 Pivot View for Stocks and Gold / Commodities / Gold and Silver 2017
By: Gary_Tanashian
Reference a post from August 11: Potential Pivots Upcoming for Stocks and Gold Stock Market Status
In the above-linked article we noted several legs that could be kicked out from under the S&P 500’s table in Q4 2017. The stock market blew right through one of them, which was a bearish (on average) seasonal trend for the 2nd half of September. No one indicator is a be all, end all. In sum, they define probabilities. But price is the ultimate arbiter and as of today, price says ‘still bullish’ (says Captain Obvious).
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Saturday, October 14, 2017
Is U.S. Unemployment at the Bottom? / Economics / Unemployment
By: Donald_W_Dony
The U.S. Unemployment rate and the markets have a direct opposite connection to each other. When one goes down (unemployment), the other (stock market) goes up.
The opposite is also true.
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Saturday, October 14, 2017
Gold Mining Stocks Q3’17 Preview / Commodities / Gold & Silver Stocks 2017
By: Zeal_LLC
With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results. No data is more highly anticipated by investors, for good reason. Quarterly reports dispel the dense fogs of herd sentiment that usually obscure gold stocks, revealing their operations’ underlying fundamental realities. Q3’17’s upcoming results are likely to prove quite bullish for this neglected sector.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Companies trading in the States are required to file 10-Qs with the US Securities and Exchange Commission by 45 calendar days after quarter-ends. The gold miners generally release their quarterly reports in the latter half of this span. So Q3’17’s will arrive between late October and mid-November.
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Saturday, October 14, 2017
Stock Market Crashes; the Greater the Deviation, the Better the Opportunity / Stock-Markets / Stock Market 2017
By: Sol_Palha
Ability is a poor man's wealth.M. WrenThe reaction when the market starts to correct is the same; run for the hills, the world is ending or some variation of that theme. However, if you spend a little time on looking at the history of the markets; one thing becomes clear. Those that panic gets hammered and those that remain calm walk away with the spoils.
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Saturday, October 14, 2017
U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold / Commodities / Gold and Silver 2017
By: GoldCore
– US Mint gold coin sales and VIX at weakest in a decade
– Very low gold coin sales and VIX signal volatility coming
– Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week
– U.S. Mint sales do not provide the full picture of robust global gold demand
– Perth Mint gold sales double in September reflecting increased gold demand in both Asia and Europe
– Middle East demand likely high given geopolitical risks
– Iran seeing increased gold demand and Iran’s gold coin price up by 5%
– Trump’s war mongering could see demand accelerate
– Germany seeing very robust demand and now world’s largest gold buyer
Saturday, October 14, 2017
Yuan and Gold / Commodities / Gold and Silver 2017
By: Arkadiusz_Sieron
In the previous editions of the Market Overview, we have already analyzed the relationship between gold and some major world currencies, such as the U.S. dollar, the euro, or the Japanese yen. But what is the link between the Chinese yuan (officially: renminbi) and the yellow metal? Let’s check it out.
Saturday, October 14, 2017
Tips for Avoiding a Debt Meltdown / Personal_Finance / Debt & Loans
By: Boris_Dzhingarov
Debt is difficult to avoid at times. Most of us don’t have a spare $500k to buy a nice home and we can’t often afford to splash out on a new RV without taking out auto finance. But, whilst some debt is unavoidable, far too many people end up sinking into a quagmire of debt they have no chance of escaping.
Friday, October 13, 2017
US Dollar Outlook and What it Means for Gold / Commodities / Gold and Silver 2017
By: Jordan_Roy_Byrne
The US Dollar Index (USDI) bottomed in September a hair below 91.00 and has recently rallied up to 94. We were skeptical Gold would break its 2016 highs as it failed to show strong performance in the wake of the USDI’s decline to new lows. The market was discounting a coming rebound in the USDI and/or future weakness in Gold. In any event, although the USDI broke key levels which leave its bull market in question, it became quite oversold and was due for a sustained rebound.
Friday, October 13, 2017
Bitcoin Hits New All-Time High Above $5,000 As Lagarde Concedes Defeat and Jamie Demon Shuts Up / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin has just soared through $5,000 USD for the first time ever topping its old high of $4,950.72 on September 1st.
Friday, October 13, 2017
Golden Age for GOLD, Dark Age for the Stock Market / Commodities / Gold and Silver 2017
By: Enda_Glynn
I read that Christine Lagarde was out warning the world about the inherent risks in the global economy today.
It is all the more comical because she tempered her statement,
By saying that 2017 was on track to be the best year of the decade so far.
Well of course it is!
2007 was the best year of the decade before the last collapse happened.
1999 was a fantastic year before the dotcom bubble burst.
And I hear that 1928 was a stellar year, choc full of good news and great achievement!
Friday, October 13, 2017
New Record High on Bitcoin! Where to Next? / Currencies / Bitcoin
By: MarketsToday
Summary
Strong bullish trend continuation signal
Several, likely temporary initial targets derived from multiple Fibonacci measurements
Watch for temporary retracements for new opportunity to enter
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Friday, October 13, 2017
It Would Take A 50% Hike in Income Tax to Fund Current US Budget Deficit / Interest-Rates / US Debt
By: John_Mauldin
The projected total US debt will be $30 trillion within 10 years, using the CBO’s own numbers. But the CBO also makes the rosy assumptions that there will be no recessions and that GDP will grow at a 4% nominal rate.
Now, that’s possible; I'm inclined to haircut it a bit.
If you asked me to bet the “over/under” on the debt in 2027, I would bet the over at $35 trillion.
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Friday, October 13, 2017
World Stock Market Indices Have Much More Upside / Stock-Markets / Global Stock Markets
By: ElliottWave-Forecast
The Hang Seng Stock Index is a free float, adjusted market capitalization, weighted stock Market Index in Hong Kong. The Index records and monitors daily changes of the largest companies of the Hong Kong Stock Market. It is the main indicator of the overall market performance in Hong Kong. These 50 constituent companies represent about 58% of the capitalization of the Hong Kong Stock Exchange. At Elliottwave-Forecast, we have been tracking the Index sequences together with the FTSE 100 (The Financial Times Stock Exchange 100 Index). FTSE 100 is the share Index of the 100 companies listed on the London Stock exchange with higher market capitalisation.
Friday, October 13, 2017
Stock Market Excitement Builds As The Dow Reaches For The Sky / Stock-Markets / Stock Market 2017
By: Submissions
By Mike Golembesky : The Dow Jones Industrial Average continued to move higher, having only one red close since the low that was struck on September 26th. Furthermore, the Dow has now broken through a key longer-term Fibonacci resistance level that we had been watching for quite some time at the 22,707 level.
So although the Dow is quite stretched at current levels, the pattern still does look incomplete, thus leaving us with no solid signal of a top being in place just yet.
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