Monday, January 30, 2017
Manganese Is Energy Critical / Commodities / Metals & Mining
In 1917 the War Industries Board (WIB) noted that the United States was deficient in certain minerals of great importance to war making and self defense. A pre-World War II list of materials contained a total of 29 materials: 14 were strategic materials that ‘must be based entirely or in substantial part on sources outside the United States.' There were 15 critical materials that would be easier to source, perhaps even domestically, than the strategic materials.
The 1939 Strategic Materials Act authorized US$100 million to purchase strategic raw materials for a stockpile of 42 strategic and critical materials needed for wartime production.
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Monday, January 30, 2017
Trump's Trade Policy to Drive Price Inflation and Gold Buying / Commodities / Gold and Silver 2017
Donald Trump's trade policy is likely to spark higher consumer price inflation, and that has ramifications for gold and silver prices. Regardless of where investors stand regarding the president's plan to make Mexico "pay" for the border wall, if he is successful in getting Congress to impose a hefty tax on imports it will mean higher prices for things. A tax on goods from China could be even more inflationary.
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Monday, January 30, 2017
US Dollar Chartathon / Currencies / US Dollar
In this Weekend Report I'm going to show you some updated charts on the US dollar which has been in a bull market since the low in 2011. It's hard for a lot of investors to admit, but until the charts change the bull market continues. A bull market is characterized by a series of consolidation patterns forming one top of the next, until the last pattern is a reversal pattern which reverses the bull trend. The old expression, the trend is your friend, also applies to the US dollar as well. Until the US dollar negates the series of higher highs and higher lows on an intermediate term basis, we have to assume the bull market is in tact.
Lets start by looking at a daily line chart for the US dollar which shows the horizontal trading range beginning back in March of 2015. The breakout topside of the horizontal trading range took place a little over 2 months ago in November of last year. After the initial breakout there was the initial backtest which could have been the beginning of the next impulse move up, but the US dollar stalled out a month later and is currently backtesting the top rail around the 100 area again.
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Monday, January 30, 2017
The No.1 Mining Stock For 2017 / Commodities / Metals & Mining
On January 4, 2017, the biggest manufacturing development since Henry Ford’s Model T assembly line was powered on...
And investors should pay careful attention...
Because, with this quiet flip of a switch, the energy markets have now been transformed.
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Monday, January 30, 2017
Don't Count on the Great Stock Market Rotation 2017 / Stock-Markets / Stock Market 2017
After many false promises and one false start, it is becoming evident that 2017 will be the year the Federal Reserve finally begins down the road towards interest rate normalization. Therefore, it is likely that Ms. Yellen will cause bond yields to rise this year on the short-end of the yield curve. In addition, soaring debt and deficits, along with the lack of central bank bond-buying, should send long-term rates much higher as well.
Wall Street soothsayers, who viewed every Fed rate cut as a buying opportunity for stocks, are now busily assuring investors that the potential dramatic and protracted move higher in bond yields will be bullish for stocks as well.
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Monday, January 30, 2017
Aggressive Stock Market Sell Signals / Stock-Markets / Stock Market 2017
SPX made an 8.68 point gap down this morning and continued its decline to challenge Short-term support and the 2-hoour mid-Cycle support at 2268.22. Those that “took a chance” of that happening by going short last week may breathe a sigh of relief.
SPX has an aggressive sell signal that is not yet verified by the VIX. However, the decline is sharp and steady. Additional confirmation comes beneath the mid-cycle support.
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Monday, January 30, 2017
SPX Futures Down, TNX down, USD up / Stock-Markets / Stock Market 2017
Good Morning!
SPX futures are down beneath the Cycle Top support and Trendline support this morning. SPX is on a countdown for a potential low on Wednesday. An extension of the decline may come, depending on the actions of the FOMC.
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Monday, January 30, 2017
Is the Gold Market Finally Ready to Breakout? / Commodities / Gold and Silver 2017
If pleasures are greatest in anticipation, just remember that this is also true of trouble. - Elbert HubbardThroughout 2016, we stated we did not expect much from Gold, and we stuck to this forecast, even though many experts went out of their way to report that Gold was ready to soar to the Moon or even to the next Galaxy. In fact, since 2011, we have continuously said that until the Trend turns positive, it would be best to play other lucrative markets, such as the general equities market, the US dollar, etc. During this time several experts stated that Gold was ready to surge and some issued insane targets ranging from $20,000-$50,000. Under no circumstance can we ever see Gold going to $20,000 or $50,000 and even if drank a whole bottle of scotch or any other toxic compound it would still be very hard to visualise such a target. Issuing such targets is perfect for fear mongering, and we find that tactic to be unpleasant and distasteful.
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Monday, January 30, 2017
Brace Yourself For The Battle Of the Senate Republicans / Politics / US Politics
BY GEORGE FRIEDMAN : On Jan. 20, Donald Trump became the 45th president of the United States. For Trump (as with every president before him), all that he said up until that point consisted of promises.
But now, the focus must shift... from what he will do, to what he is doing. (Subscribe to my free weekly newsletter, This Week in Geopolitics, and stay informed on the most important geopolitical developments)
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Monday, January 30, 2017
10 Things I learned From Meetings With Trump’s Transition Team / Politics / US Politics
I was in Washington, DC, on Inauguration Day.
That gave me the opportunity to set up a few meetings with members from Trump’s transition team (many of whom read my free weekly letter, Thoughts from the Frontline).
During those talks, I gained some insight into what the first 100 days, the first six months, and the first year of the Trump administration might look like.
Here’s a summary of my impressions.
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Monday, January 30, 2017
Stock Market Negative Expectations Following Last Week's Rally / Stock-Markets / Stock Market 2017
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).
Our intraday outlook remains bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral
Monday, January 30, 2017
UK Mortgage Cashback for first-time Home Buyers Decreasing / Housing-Market / Mortgages
Cash rebates are seen as a great sweetener for cash-strapped first-time buyers, with the providers that offer this type of incentive really standing out from the crowd. However, research by Moneyfacts.co.uk shows that the average cashback for those with a modest deposit (90 and 95% loan-to-value) has fallen by £59 in just two years.
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Monday, January 30, 2017
Gold Mining Stocks Could Halve In 2017 / Commodities / Gold and Silver Stocks 2017
Fed Hikes and Their Impact on Gold
When the first hike was delivered, along with the intention to deliver 3-4 more, gold prices were hovering above $1000. Gold now sits over $100 higher than it was at the time of the first hike, having rallied to $1375 when hikes were taken off the table. In our view one hike will see gold test $1000, two will see $1000 break, and three hikes would see $720 tested.
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Monday, January 30, 2017
The Markets Will Collapse As Economic Realities Sink In / Stock-Markets / Financial Crash
Well the final data is in and Janet Yellen’s “hot” economy is a disaster.
The US finished 2016 with GDP growth of 1.6%.
This is flat out embarrassing. And it confirms what we have suspected all along: that the 3Q16 numbers were completely fabricated in an excel spreadsheet for political purposes.
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Monday, January 30, 2017
Analysis Of Gold Is Much Ado About Nothing / Commodities / Gold and Silver 2017
Any analysis of gold must have a correct premise. And terms used in that analysis must be clearly understood. For example…
“Are you pro-gold?” Just exactly what does that mean? Is it a political or moral issue? In other words, does someone’s position on gold indicate ideology or lifestyle choice? Can a political liberal be pro-gold? And if someone answers the original question in the affirmative, does that mean they are anti-something else?
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Monday, January 30, 2017
Stock Market SPX 1810 Low Projection Met / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: If the market strength persists, the long-term trend may need to be re-evaluated.
SPX Intermediate trend: SPX intermediate P&F count to 2300 has been reached. A reversal should now occur.
Analysis of the short-term trend is done on a daily-basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.
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Sunday, January 29, 2017
Are Green Card Holders Safe From Trump’s Muslim Immigration Ban? / Politics / US Politics
His anti-Muslim order caused a firestorm of outrage nationwide, from relatives of affected individuals, activists, human rights groups, as well as state and local officials.
Appearing on NBC’s Meet the Press, White House Chief of Staff Reince Priebus said Trump’s order “doesn’t include green card holders going forward,” then reversed himself, saying “of course it does.”
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Sunday, January 29, 2017
Trump Muslim Green Card Ban Avoided Through Trump Golf Course Membership / Politics / US Politics
Trump trumpeted his blanket refugees and muslim bans from 7 mostly Islamic nations Friday that even includes partners in the war on terror such as Iraq that as Trump was busy signing the executive order with his shrunken hand were busy fighting ISIS in Mosul.
Apparently the muslim ban includes green card residency holders, so anyone from the 7 target nations AND other muslims nations in for 'extreme vetting' finding themselves outside the United States are now unlikely to find themselves able to get back into the United States. And the ban extends to third nations i.e. UK passport holders who originate from one of the 7 banned nations are also banned from entry into the United States.
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Sunday, January 29, 2017
When The Rich Become Preppers, It's Time To Worry / Politics / Social Issues
Chris Martenson writes: For over 10 years now, we've been openly advocating that folks take action to become more prepared should crisis arrive. And for a long time, this advice relegated us to being labeled "tin-foil hat doomsday preppers" (and other less-polite monikers). The media just couldn't figure out any other box to put us in.
But now, the concept of taking at least some responsibility for your own future well-being by increasing your self-reliance is finally moving towards the mainstream.
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Sunday, January 29, 2017
Le Pen, France - Sometimes It’s Better To Be Lucky Than Good, Populist Edition / Politics / European Union
In 2015 there was no way the UK would vote to leave the European Union, so Prime Minister David Cameron promised to call a “Brexit” referendum as a cost-free sop to his party’s right wing in the upcoming election. The Conservatives won big, and Cameron kept his promise to run the meaningless referendum. But against all odds and contrary to nearly every election-day poll, Brexit won, flushing Cameron out of politics, pulling the UK out of the EU, and handing a huge victory to a populist coalition led by the UK Independence Pary’s Nigel Farage.
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