Sunday, May 14, 2017

US Economy End Game On? / Economics / US Economy

By: Andy_Sutton

For many years now, thousands of bloggers, writers, and such have chronicled the debacle that is the USEconomy. It is a joke. That fact has been well-established. We can liken it to a cancer. Not every section is influenced in the same manner or degree of severity, but all areas are affected somehow. This publication has struggled to stay firmly on the economic side of the fence and not delve into politics – especially the personal type of politics where Mr. X is the bad guy, but Mr. Y is the good guy. We have, however, entered the arena of geopolitics or the politics of nation vs. nation on many occasions because this is where the arena of battle happens to be.

Sunday, May 14, 2017

This first-of-its-kind marijuana company is poised to explode / Companies / Cannabis

By: WallStreetNation

Sunday, May 14, 2017

Weighing the Probabilities for EURUSD GOLD and the DOW / Stock-Markets / Financial Markets 2017

By: Enda_Glynn

My Bias: short in wave 3 blue.
Wave Structure: downward impulse wave 1, 2 blue
Long term wave count: lower in wave 3 blue
Important risk events: EUR: G7 Meetings. USD: Empire State Manufacturing Index,

Sunday, May 14, 2017

Weston Park Summer Fayre - Sheffield - Sunday 21st May 2017 / Local / Sheffield

By: Anika_Walayat

Don't forget folks that Sheffield will be holding it's annual Weston Park Summer Fayre on Sunday 21st of May 2017. That's just a week or less from now!

The fair or fayre has been running for a good 20 years that we have attended several times over the years. Lots of family fun stuff to do including rides, shows, food stalls and more. And best of all Entry is FREE! The fayre starts at 11am and ends at 5pm. And if the weather turns out to be not so good you can always pop into the Museum.

Saturday, May 13, 2017

US SPX Stocks Bull Market Continues / Stock-Markets / Stock Market 2017

By: Tony_Caldaro

The SPX started the week at 2399. After a higher open on Monday and Tuesday the SPX made a new all-time high at 2404. It then pulled back to SPX 2382 before ending the week at 2391. For the week, the SPX/DOW lost 0.45% and the NDX/NAZ gained 0.50%. Economic reports for the week were mostly positive. On the downtick: the WLEI and the Q2 GDP estimate. On the uptick: wholesale/business inventories, export/import prices, the CPI/PPI, retail sales, consumer sentiment, plus weekly jobless claims and the budget improved. Next week’s economic highlights include: industrial production, the NY/Philly FED, and housing. Best to your week!

Saturday, May 13, 2017

MR ROBOT NHS Cyber Attack Hack - Why Israel, NSA, CIA and GCHQ are Culpable / Politics / Cyber Crime

By: Nadeem_Walayat

Near 1/3rd of Britain's healthcare system was SHUTDOWN Friday due to being hack attacked, data encrypted by ransomware known as WannaCry demanding $300 per infected machine under threat of all data being lost. The primary reason why this attack was able to take down Britains healthcare system so easily is because it is mostly running on the out of date operating systems such as XP that are no longer being maintained by Microsoft. Which means that Microsoft has not been releasing patches to newly discovered bugs, exploits and threats for many years, so with each passing year the probability for an attack increases exponentially.

Saturday, May 13, 2017

The US And Turkey Debate Approach To Islamic State / Politics / Taxes

By: John_Mauldin

BY GEORGE FRIEDMAN AND JACOB L. SHAPRIO : Two things happened in Syria recently that went under the radar.

First, US-backed Syrian Democratic Forces (SDF) claimed to have ousted Islamic State (IS) fighters from the last IS-controlled districts in Tabqa. This is a town 25 miles west of the IS’s de facto capital, Raqqa. According to the Syrian Kurdish Hawar News Agency, IS fighters are now besieged at the Tabqa Dam outside the town.

Saturday, May 13, 2017

Trump Deficit Spending Will Stop Tax Reform / Politics / Taxes

By: John_Mauldin

BY PATRICK WATSON : Many people still assume a big tax cut is coming. I think we won’t get any tax cut at all—but if we do, it will cause another problem.

In other words, we’re going to lose either way.

Friday, May 12, 2017

GDX Gold Mining Stocks’ Q1’17 Fundamentals / Commodities / Gold and Silver Stocks 2017

By: Zeal_LLC

The gold miners’ stocks have been slammed by a sharp gold pullback in recent weeks, spawning today’s bearish sentiment.  Traders often get caught up in the emotional swings generated by this volatile sector.  But once a quarter earnings season arrives, revealing gold mining’s hard fundamental realities which dispel the obscuring sentiment fogs.  The major gold miners’ profitability actually just exploded higher in Q1!

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.  Canadian companies have similar requirements.  Some companies in other countries with half-year reporting instead of quarterly even follow suit.

Friday, May 12, 2017

Will Crude Oil Stocks Breaks above Medium-term Resistance Line? / Commodities / Crude Oil

By: Nadia_Simmons

In recent weeks crude oil came back below the barrier of $50, which triggered declines and resulted in a drop to almost six-month lows. Despite this move, oil bulls pushed the commodity higher, which resulted in an invalidation of the breakdowns under important support levels. What happened at the same time with oil stocks? Will we see higher values of the XOI in the coming weeks?

Let’s jump right into charts (chart courtesy of http://stockcharts.com) and find out what can we infer from them about future moves.

Friday, May 12, 2017

Gold Price in May 2017 / Commodities / Gold and Silver 2017

By: P_Radomski_CFA

The mining stocks moved higher yesterday and this move can be explained neither by a move higher in gold or silver, nor by a substantial rally in the main stock indices. Does the miners’ strength indicate a looming turnaround?

Quite likely yes, but the emphasis should be put on “looming” and on the fact that any turnaround here is not likely to be very significant. Let’s take a look at the charts for details (charts courtesy of http://stockcharts.com) and check the outlook for gold price in May.

Friday, May 12, 2017

The Jobs Market Has Divided Into People Who Are Tech Savvy And Those Who Aren’t / Economics / Employment

By: John_Mauldin

Things keep changing. And at an accelerating pace. One of the most important things to write about—and the most difficult—is the future of work. New Technology destroys old jobs, but it would also create new jobs and opportunities.

A clear example of this is the use of drone technology by the military. It requires about 100 people to prep and launch and maintain an F-16 for a single mission. Keeping an unmanned predator drone in the air for 24 hours requires about 168 workers.

Friday, May 12, 2017

A Look at the Silver/Gold Ratio, Inflation/Deflation and the Yield Curve / Commodities / Gold and Silver 2017

By: Gary_Tanashian

An email from a reader (of the eLetter, I think) calling me out on trying to make too many correlations in a dysfunctional market (I think that was his bottom line point, and he’s got a good point) got me thinking about the Silver/Gold ratio and some pretty interesting post-2011 dysfunction (so it seems) in the markets.

Markets that made sense in certain ways prior to 2011 no longer make sense in the same ways. For instance, the S&P 500 used to be correlated to the Silver/Gold ratio, which itself was positively correlated to inflation and/or inflationary economic growth. Gold also liked for silver to be leading it, not the other way around.

Friday, May 12, 2017

Macron’s French Election Triumph Removes Eurozone Political Risk / Currencies / Euro

By: ElliottWave-Forecast

By EWFHendra : Emmanuel Macron won the presidential election last Sunday, defeating Marine Le Pen, a far-right nationalist who wanted to take France out of the European Union. Markets had feared that Le Pen’s win could threaten the EU project, but Macron’s win has eliminated uncertainty regarding France’s membership of the Euro and removed the risk of near-term severe political shock to France and wider Europe. The Euro went above $1.10 briefly, but since then has pulled back. The upwards move was not dramatic than the first round of French elections as many traders have anticipated Macron’s victory and thus victory was already well priced in.

Friday, May 12, 2017

The Bearish Gold Bull / Commodities / Gold and Silver 2017

By: Jordan_Roy_Byrne

The Bearish Gold Bull was the title of my presentation last weekend at the Metals Investor Forum in Vancouver, British Columbia. While the title could be ascribed to me personally for my recent tendency towards conservative and cautious views, it more importantly describes the current dichotomy in the gold sector. The mining sector saw its fundamentals hit rock bottom in 2014-2015 and became “bombed out” at the end of 2015. However, while parts of the industry have performed well, as a whole it has been unable to push higher after a torrid recovery in early 2016. A big reason is the outlook for metals prices suggests lower prices before any large advance. Until metals prices are ready to rise, the miners may find themselves in a bearish bull.

Friday, May 12, 2017

Gold is About to Shine Again! / Commodities / Gold and Silver 2017

By: Enda_Glynn

My Bias: short in wave 3 blue.
Wave Structure: downward impulse wave 1, 2 blue
Long term wave count: lower in wave 3 blue
Important risk events: EUR: G7 Meetings, German Prelim GDP q/q, USD: G7 Meetings, Prelim UoM Consumer Sentiment, CPI m/m, Retail Sales m/m.

Friday, May 12, 2017

The Blockchain: A Gold and Silver Launchpad? / Commodities / Gold and Silver 2017

By: MoneyMetals

A new day is dawning for precious metals. Gold and silver – the world's oldest money – are "connecting" with the newest money, digital cryptocurrencies. The final outcome of this nexus is unpredictable, but it is foolhardy to ignore what is taking place.

Central governments around the globe have waged, against their own citizens, a virtual "War on Cash." Efforts by Sweden to become "cash-free;" progressive "downsizing" of Eurozone currency units; a currency recall in India that affected 1.3 billion people; solemn talk about eliminating $100 and even $50 bills in the U.S. - all in the supposed fight against "drug dealing and tax evasion."

Friday, May 12, 2017

Robots May Perform Half The Jobs In The US Within 20 Years: Here’s What That Could Mean / Economics / Employment

By: John_Mauldin

Perhaps you don’t think the change that is upon us is a profound one. But consider this: Within two decades, half the jobs in this country may be performed by robots. What then of our unemployment rate? And what of our social safety net?

Opinion is divided. Will the next technological wave further skew the wealth distribution toward the uber-rich? Or will it ultimately create more entrepreneurial and job opportunities than it destroys?

Friday, May 12, 2017

Walkers Pay Packet Instant Win Morrisons 17% Price Cut After 50% Price Hike! / ConsumerWatch / Shopping

By: Anika_Walayat

It looks like Morrisons cunning plan of hiking the price of Walkers crisps multi-packs by 50% to ride on the coat tails of Walkers latest Pay Packet £5 to £28k instant win promotion has FAILED. As Morrisons has now cut the price of Walkers crisps multi-packs from £1.50 to £1.25 though barely 3 weeks ago they were being sold for £1. Find out more in our latest video in the Walkers crisps saga.

Thursday, May 11, 2017

Brace Yourself For The Coming Economic Transformation, Sliding Down the Social Class Scale / Politics / Social Issues

By: John_Mauldin

If the average person in the US feels as though they are going nowhere fast, there is a real reason for it.

Federal Reserve data shows people are earning less than they did 17 years ago. But the real story is even worse than that.

The chart below shows that median income in the US is actually down over the last 17 years and is only 3% higher now than it was 30 years ago. Those are inflation-adjusted numbers.