Wednesday, September 06, 2017
The Great Shift of Global Economic Power / Economics / Global Economy
By: Dan_Steinbock
BRIC economies continue to grow. In the late 2020s, the size of China’s economy will surpass that of the US. By the early 2030s, the BRICs’ combined economic power will surpass that of major advanced nations.The BRICS Summit in Xiamen, Fujian province, signals the rising might of the large emerging economies, such as China, India, Russia, and Brazil. South Africa does not fulfill the criteria of a true BRIC economy - large population, strong growth record and catch-up potential - but it has historically played a key role in African governance.
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Wednesday, September 06, 2017
2017 is NOT "Just Another Year" for the Stock Market: Here's Why / Stock-Markets / Stock Market 2017
By: EWI
See 11 charts from ONE page of Robert Prechter's Elliott Wave Theorist.
Wednesday, September 06, 2017
Gold Sniffing Out Coming Central Bank Failure; $2000+ Per Ounce? / Commodities / Gold and Silver 2017
By: MoneyMetals
Mike Gleason: It is my privilege to welcome in Michael Pento, President and founder of Pento Portfolio Strategies, and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known and successful money manager, and has been a regular guest on CNBC, Bloomberg, Fox Business News, and also the Money Medals Podcast, and shares his astute insights on markets and geopolitics from the perspective of an Austrian school economist viewpoint.
It's always a real pleasure to have him on with us. Michael, welcome back and how are you?
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Wednesday, September 06, 2017
Former Lehman Brothers Trader: Traders Shorting VIX Will Blow Themselves Up / Stock-Markets / Volatility
By: John_Mauldin
BY JARED DILLIAN : The New York Times’ DealBook had a great piece of journalism a couple of days ago about short VIX carry monkeys. Well, that is what I call them.
The article features a former Target logistics manager who has goosed his net worth up to $12 million by betting that the VIX will go down. He is in the process of raising $100 million for a VIX-smashing hedge fund.
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Wednesday, September 06, 2017
Bitcoin Falls 20% as Mobius and Chinese Regulators Warn / Commodities / Gold and Silver 2017
By: GoldCore
– Bitcoin falls 20% as Mobius and Chinese regulators warn
– “Cryptocurrencies are beginning to get out of control” – warns respected investor Mark Mobius
– Mobius believes governments will begin to clamp down on cryptocurrencies sparking rush to gold
– Yesterday China’s PBOC ruled Initial Coin Offerings (ICOs) are illegal and all related activity to halt
– China is home to majority of bitcoin miners
– Paris Hilton latest celebrity to support an ICO
– Gold’s return of 16% YTD look ‘dull’ or ‘stable’?
– Bitcoin fell 23%, now down 16% from $5,000 high
Wednesday, September 06, 2017
Stocks Bears - Where Did Everyone Go? / Stock-Markets / Stock Market 2017
By: Brady_Willett
The Fed started hacking interest rates in 2007 and QE3 ended in October 2014. This 7-year period of extraordinary ease, and the nearly 3-year upswing since, has been a difficult time for many market contrarians and so called ‘bears’. To wit, Cornerstone has been missing since 2015, Contrary Investor hasn’t released anything publicly since 2013, and Cross Currents, Beartopia, Financial Armageddon, iTulip, Nystrom, Iacono, and numerous others have gone into deep hibernation. As for Prudent Bear, Tice sold his fund as the crisis began and now the site is trying to look prim and proper (I preferred it when a visit to Prudent Bear meant reading the ‘Bear’s Lair’ and seeing another Tice warning about the coming collapse in the stock market (which, of course, Mr. Tice is still warning of)).
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Wednesday, September 06, 2017
How EIA Guestimates Keep Crude Oil Prices Subdued / Commodities / Crude Oil
By: OilPrice_Com
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.
The monthly EIA oil production figures tend to be more accurate than the weekly estimates, although they are published on several months after the fact. The EIA just released the latest monthly oil production figures for June, for example. Meanwhile, the agency releases production figures on a weekly basis that are only a week old – the latest figures run up right through August.
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Tuesday, September 05, 2017
Stock Market Top this Week / Stock-Markets / Stock Market 2017
By: Ed_Carlson
Cycles pointing to a low near August 21 were successful. We now have cycles and Lindsay models pointing to a high this week.
Middle Section forecasts point to a top this week. The high on 7/16/14 counts 575 days to the low of the basic decline on 2/11/16. 575 days later is 9/8/17.
No middle section could be found centered on the low of the previous basic decline (10/4/11) that forecasts a turn this week.
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Tuesday, September 05, 2017
Washington D.C. Dysfunction and Central Bank Chaos / Politics / US Federal Reserve Bank
By: Michael_Pento
On September 5th, the members of both houses of Congress of the United States will clean the beach sand from between their toes and return to work. Our public servants who occupy The House of Representatives have been working on their respective tans since July 29th. The Senate has had a little less time in the sun; they held their final vote on August 3rd despite their pledge to stay until August 11th.
Hopefully, they got a lot of rest, because they have a lot to do upon their return. By the end of September Congress will need to pass a budget bill to avoid a government shutdown. Expect Tea Party Republicans to hold their ground on spending cuts while Trump petitions for his wall. According to recent tweets, Trump is pushing for this fight and welcomes a government shutdown. Get out the popcorn this could get interesting.
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Tuesday, September 05, 2017
Gold Price’s Bullish Movement Extended To 1339.69 / Commodities / Gold and Silver 2017
By: Franco_Shao
XAUUSD extended its bullish movement from 1204.77 to as high as 1339.69, breaking above the November 2016 high of 1337.28 resistance. Further rise is still possible in a couple of weeks.
Tuesday, September 05, 2017
North Korea Nuclear Test Poses Little Threat to KOSPI Stock Market Rally / Stock-Markets / Stock Market 2017
By: ElliottWave-Forecast
Geopolitical tensions intensified after North Korea conducted its sixth and most powerful nuclear test on Sunday, detonating what it said was a hydrogen bomb meant for intercontinental ballistic missile. The United States warned it could launch a “massive” military response if it or its allies were threatened. Most of the Stock Markets in the World reacted negatively to the news with stocks from around the World ending the day in the red.
Tuesday, September 05, 2017
Criminal Chinese Government Crashes The Cryptocurrency Market / Currencies / BlockChain
By: Jeff_Berwick
What do governments do? Enslave people. What do central banks do? Impoverish people. And what do government regulations do? Destroy capital, impoverish people and protect the monopolies of the 1%.
And today we are seeing how government regulations, which is just another word for “threats of violence” and “extortion” can impoverish people and destroy capital while protecting the financial banking monopoly.
And that is exactly what has happened in China this week where the People’s Bank of China, the Chinese central bank, has officially declared ICOs (initial coin offerings) to be an illegal method of raising money.
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Tuesday, September 05, 2017
Google is the Master Spy of the Intelligence Community / Politics / Google
By: BATR
Is there anyone on the planet that does not have their personal lives exposed to the data collection behemoth of the corporatist and government partnership? Google was developed with and under the intelligence funding of the deep state. The marvel of a premier digital search engine was welcomed as a tremendous achievement by everyone who longed for a definitive method to secure access to sites that reflected market or research results. Few companies names become synonymous with the product or service provided. Who does not refer to making a copy reproduction as Xerox the document? Likewise, as a pure commercial function, Google defined the designation for internet searches. Fast forward to the current state of draconian governance. What stands out is that the systematic rewriting of history and access to a free exchange of ideas and questioning has been supplanted by an approved filter with limited options.
Tuesday, September 05, 2017
Gold Proprietary Cycle Indicator is Up / Commodities / Gold and Silver 2017
By: The_Gold_Report
Technical analyst Jack Chan charts the latest moves in the gold and silver markets.
Our proprietary cycle indicator is up.
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Monday, September 04, 2017
Varoufakis: The Book / Politics / Euro-Zone
By: Raul_I_Meijer
About a month ago, I finished reading former Greek finance minister Yanis Varoufakis’ book “Adults in the Room”, subtitled “My Battle With Europe’s Deep Establishment”, and published by The Bodley Head. I started writing about it right away, but noticed I was writing more about my personal ideas and experiences related to Greece than about the book. So I let it rest a bit.
I read the book in, of all places, Athens, sitting outside various old-style cafés. That got me a lot of reactions from Greeks seeing the cover of the book, most of them negative, somewhat to my surprise. Many Greeks apparently do not like Varoufakis. Of course I asked all the time why that is. “He’s arrogant” was/is a frequent one.
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Monday, September 04, 2017
North Korea 'Begging for War', 'Enough is Enough', is a US Nuclear Strike Imminent? / Politics / North Korea
By: Nadeem_Walayat
The normally dovish US Ambassador to the UN, Nikki Haley was busy banging the war drums at the UN today, effectively warning of a US pre-emptive first strike unless North Korea virtually immediately ceases its missile and nuclear tests.
"Enough is enough, we have taken an incremental approach, and despite the best of intentions, it has not worked."
"War is never something the Unites States wants - we don't want it now, but our country's patience is not unlimited. We will defend our allies and our territory."
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Monday, September 04, 2017
Gold Surges To $1338 as U.S. Warns North Korea of ‘Massive’ Military Response / Commodities / Gold and Silver 2017
By: GoldCore
– Safe haven gold extends rally to 11-month high after North Korea nuke test and U.S. warns of ‘massive’ response
– Asian and European stocks fall, bonds flat, gold, silver, palladium, Swiss franc rise as Korea tensions flare as North Korea tests ‘hydrogen bomb’
– North Korea prepares for possible ICBM launch says S. Korea
– U.S. warns of ‘massive,’ ‘overwhelming’ military response to North Korea after meeting with Trump
– Trump weighing new economic sanctions that target China
– Gold is consolidating above the $1,300/oz key resistance level and building on 4% gain seen in August
Monday, September 04, 2017
Christopher Columbus and the Falsification of History / Politics / US Politics
By: Antonius_Aquinas
The Los Angeles City Council’s recent, crazed decision* to replace Christopher Columbus Day with one celebrating “indigenous peoples” can be traced to the falsification of history and denigration of European man which began in earnest in the 1960s throughout the educational establishment (from grade school through the universities), book publishing, and the print and electronic media. It is amazing that, as of yet, the federal holiday commemorating the Genoese explorer’s world- changing voyage has not come under attack. It is doubtful that in the current radicalized leftist ideological atmosphere, the national government’s recognition of Columbus will survive much longer.
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Monday, September 04, 2017
EURGBP Broke Below Channel Support / Currencies / Euro
By: Franco_Shao
After touching the October 2016 high of 0.9305, EURGBP pulled back from 0.9306 and broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.8891 had completed at 0.9306 already. Deeper decline could be expected over the next several days, and the target would be at the bullish trend line on the daily chart now at around 0.9005.
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Monday, September 04, 2017
USDCAD Is Facing Major Support Trend Line / Currencies / Canadian $
By: Franco_Shao
After a sideways movement in a trading range between 1.2413 and 1.2778, USDCAD broke below 1.2413 previous low support and extended its downside movement from 1.3793 to as low as 1.2339.