Wednesday, June 21, 2017

Yet Another Reason Why Healthcare Reform Will Be Disastrous / Politics / Healthcare Sector

By: John_Mauldin

BY PATRICK WATSON : Health care is now a huge, thorny political and economic issue, and the chart below shows one reason why.

The US spends far more on health care than other developed nations, with worse outcomes by many measures.

Yet, all that money doesn’t just disappear.

Wednesday, June 21, 2017

Stock Market Is Headed for a “Minsky Moment”—It Can Happen Quickly, Too / Stock-Markets / Stock Market 2017

By: John_Mauldin

Economics has a lot of overused themes and phrases. One of them is highly relevant today yet forgotten by many.

It’s “Minsky moment,” the point at which excess debt sparks a financial crisis.

The late Hyman Minsky said that such moments arise naturally when a long period of stability and complacency eventually leads to the buildup of excess debt and overleveraging.

Wednesday, June 21, 2017

Your Future Wealth Depends on what You Decide to Keep and Invest in Now / Commodities / Gold and Silver 2017

By: GoldCore

• Millienials look for instant gratification
• Spend half of their income on leisure
• Instant gratification doesn’t work if need to save for the future
• Savings rates falling, few have retirement funds
• Important to understand marginal difference between spending and pleasure
• Future wealth depends on what you decide to keep and invest in now

Wednesday, June 21, 2017

Gold Price is Facing Trend Line Support / Commodities / Gold and Silver 2017

By: Franco_Shao

After breaking below the bullish trend line from 1214.17 to 1258.92 at 1270 on its 4-hour chart, XAUUSD started a bearish movement from the June 6 high of 1295.94, and the bearish movement extended to as low as 1241.25. Further decline is still possible after a minor consolidation and next target would be at around 1230.

Wednesday, June 21, 2017

Either Bitcoin Will Fail OR Bitcoin Is A Government Invention Meant To Enslave... / Currencies / Bitcoin

By: Jeff_Berwick

A few days ago, cryptocurrencies sold off quite dramatically.

Bitcoin fell around 25% on average and Ethereum fell around 15% on average across major exchanges.

And as a whole, the entire altcoins market capitalization fell over 20% excluding bitcoin.

At the same time we put out our article, “The US Government Clamps Down on Ability of Americans To Purchase Bitcoin”

Wednesday, June 21, 2017

GOLD Bullish at 3 Degrees of Trend! / Commodities / Gold and Silver 2017

By: Enda_Glynn

My Bias: Long towards 1550
Wave Structure: ZigZag correction to the upside.
Long term wave count: Topping in wave (B) at 1550
Important risk events: USD: Existing Home Sales, Crude Oil Inventories.

Wednesday, June 21, 2017

Strength in Gold and Silver Mining Stocks and Its Implications / Commodities / Gold and Silver 2017

By: P_Radomski_CFA

Yesterday’s session was not like the previous ones – in the previous days, the precious metals sector moved lower together and mining stocks were leading the way. Yesterday, gold and silver declined, but miners were barely affected. Does this strength indicate a likely turnaround?

Wednesday, June 21, 2017

Bitcoin Price Rebound after Correction / Currencies / Bitcoin

By: Mike_McAra

Bitcoin is down from the all-time high but not really down significantly. In an article on CNBC, we read:

Bitcoin quickly bounced back from the lows of June, amid improved sentiment about the future of the digital currency.

Bitcoin traded higher Saturday near $2,680, up more than 20 percent from a June low of $2,185.96 hit Thursday that had erased gains for the month, according to CoinDesk.

Wednesday, June 21, 2017

These 2 Charts Show Why Aging is Greatest Threat to US Budget and Deficits / Economics / Demographics

By: GoldCore

BY PATRICK COX : In its 2017 “Long-Term Budget Outlook,” The Congressional Budget Office (CBO) paints a dire picture of US deficits and debt. It shows that the largest single contributing factor to our rising debt and deficits is aging.

Wednesday, June 21, 2017

Inflation is No Longer in Stealth Mode / Economics / Inflation

By: GoldCore

• IHS Markit index shows UK households pessimistic about finances for 2017-18
• UK household finances remain under intense pressure from rising living costs
• 58 percent of respondents expected higher interest rates in 12 months time
• Inflation in the United Kingdom currently at near four-year high
• Prices up prices by 2.9pc year-on-year, biggest annual increase since June 2013
• In May consumer spending in the UK fell for the first time in almost four years

Wednesday, June 21, 2017

Sprinklers for All 24 Sheffield City Council Tower Blocks, What About Other 100? / Local / Sheffield

By: N_Walayat

Sheffield city council announces on twitter that they will be installing sprinkers in all of their 24 tower blocks. Though it's a pity it took the deaths of approx 100 people at Grenfell Tower in Kensington for SCC to do what they should have done many years ago, espcially in the wake of the 2009 Lakanal House tower block fire. Also, no time table was given for when the installaiton of sprinkers will be completed. Is it tasked as a matter of urgency i.e. within a couple of months, or will the council put their feet up and take several years?

Tuesday, June 20, 2017

We’ve Entered A Period Of Maximum Monetary Uncertainty / Interest-Rates / US Interest Rates

By: John_Mauldin

BY PATRICK WATSON : America is fully employed, or so say the statistics.

Federal Reserve officials think the job market is strong enough to justify higher interest rates. They’re afraid inflation will get out of control.

But if inflation is a problem, it’s not yet apparent in the average worker’s paycheck. “Just wait,” the inflation hawks say.

Tuesday, June 20, 2017

CRUDE OIL UPDATE- “0.30 risk is cheap for changing implication!” / Commodities / Crude Oil

By: Stephen_Cox

Here are 5 charts of WEEKLY CRUDE OIL, telling their interesting MRI 3D story (TIME, PRICE and DEPTH of 4 chart frames) on MAJOR WEEKLY TURNS. Some of these examples presented potentially low risk to high reward implications. The latest example was presented by CRUDE ADC (Daily) CLQ 17 (44.33) Monday.

Tuesday, June 20, 2017

Crude Oil Verifies Price Breakdown – Or Is It Something More? / Commodities / Crude Oil

By: Nadia_Simmons

On Friday, the black gold gained 1.15% and climbed to the previously-broken lower borer of the trend channel. Is this a verification of the earlier breakdown or something more?

Tuesday, June 20, 2017

EURUSD Broke Below Trend Line Support / Currencies / Euro

By: Franco_Shao

Under pressure by the resistance of the November 2016 high of 1.1299, the EURUSD pair pulled back from 1.1295 and broke below the major bullish support trend line at 1.1160 on its daily chart, indicating that a short term top had been formed. Sideways movement in a trading range between 1.1070 and 1.1295 would likely be seen over the next several days.

Tuesday, June 20, 2017

The Middle East Is Blowing Up / Politics / Middle East

By: John_Rubino

Every day brings another scary headline from the Middle East — which makes it easy to treat them as background noise rather than a clear and present danger. But the latest batch is reminiscent of the Balkans circa 1914, which means it may be time to tune back in. Some examples:

Tuesday, June 20, 2017

Trump Backs ISIS As He Pushes US Onto Brink of World War III With Russia / Politics / WW3

By: Jeff_Berwick

If you asked your normal, television programmed American about 9/11, many would still say what a sad day it was, the day the US was attacked by Al-Qaeda’s Muslim extremists.

They are wrong about who did it, of course… but then again they get their “news” from fakestream media and have been drinking fluoride, getting vaccinated and spent their entire childhood in government indoctrination camps.

Al Qaeda, which was a CIA creation has now morphed into ISIS, and the same people are backing ISIS that backed Al Qaeda - the US government, Israel, Saudi Arabia, CIA, and NATO.

Tuesday, June 20, 2017

Elliott Wave Outlook for GOLD and USDJPY / Commodities / Gold and Silver 2017

By: Enda_Glynn

My Bias: LONG
Wave Structure: rally in wave [C]
Long term wave count: wave [C] is underway, upside to above 136.00
Important risk events: JPY: N/A. USD: FOMC Member Fischer Speaks, Current Account, FOMC Member Kaplan Speaks.

Tuesday, June 20, 2017

Stock Market Quick Airpocket Ahead, Gold Miners Look Good / Stock-Markets / Stock Market 2017

By: Brad_Gudgeon

The stock market is due for a sudden air pocket, likely from Tuesday to Thursday this week. My downside target is 2398 . We are due for the 10 week low from April 13, 2017.  The SPX is making an irregular abc type (y) wave top that is not being confirmed by stochastics or the MACD daily. Last time we saw this was May 16-17, 2017 on the 5 and 7 week low. The pattern is bullish once resolved.  We should see a final top on or near July 5-7.

Tuesday, June 20, 2017

North Korea: Is War the Inevitable Outcome? / Politics / North Korea

By: HAA

Shannara Johnson : There’s little doubt that from the moment Kim Jong-un took power in 2011, he has been on a mission to accelerate North Korea’s nuclear program.

There’s also little doubt this is of extreme concern to the US and the Trump administration.

Daily reports of US warships and submarines moving in along the Korean Peninsula and unrelenting missile tests in North Korea have sparked worries that a strike may be imminent. Will we end up in a war with North Korea, and what would be the consequences?