Wednesday, July 27, 2016
Monetary Zika - The Insidious Nature of Credit Expansion / Currencies / Fiat Currency
The insidious nature of credit expansion under the implicit guise of forced legal tender has worked it’s way (essentially) undiagnosed through many generations.
Viruses work from the inside out. They take over the control center of a cell. They use the existing machinery to proliferate.
Ultimately, the most successful become part of the host. Some become a part of the genome.
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Wednesday, July 27, 2016
Gold and Pork Bellies / Commodities / Gold and Silver 2016
Many investors and their financial advisors consider gold to be a commodity, which makes gold no different than copper, timber, pork bellies or orange juice. They do not understand, or simply are unaware, that gold has been successfully used as money for over 3,000 years. Although some people think it is an archaic relic, the facts don’t support this view. So, what is money?
Gold is traded on the currency desks of all major banks and brokerages, along with dollars, euros, yen and pounds, and not the commodity desks along with other commodities – the FX traders know gold is money.
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Wednesday, July 27, 2016
Silver Is Insurance Against The Worst Part Of This Depression / Commodities / Gold and Silver 2016
The worst part of the world's ongoing financial crisis is still on the way: A crisis that has its roots in the debt-based monetary system. The debt-based monetary system has facilitated the growth of debt, to levels that will inevitably bring total collapse.
Everyday we see more and more events (think Greece, Deutsche Bank, etc.) that suggest that the total collapse is very close. The number of these will increase over the coming months, while their extent will also greatly magnify.
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Wednesday, July 27, 2016
Topsy-Turvy, Volatile Stock Market Session / Stock-Markets / Stock Markets 2016
The stock market had a topsy-turvy, volatile session. The indices were up sharply in the morning, came down sharply midmorning, rallied back midday, came down again in the afternoon, made higher lows, and then rallied back at the end of the day, finishing mixed on the day.
Net on the day, the Dow was down 19.31 at 18,473.75. The S&P 500 was up .70 at 2169.18. The Nasdaq 100 was up 6.18 at 4672.11.
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Wednesday, July 27, 2016
Stock Market Should be Going Down And Yet... / Stock-Markets / Stock Markets 2016
Everything seems to say this market should be going down... and yet... price is always the final arbiter. July through October is a seasonally bullish period of the year for the VIX. The VIX closed last Friday at 12.02. The last time the VIX was below 13.00 was last August just before the S&P 500 declined over 11.00%... and yet...
Sentiment is at an extreme. The CNN Fear & Greed index is at 83 which is a level described as "extreme greed". The NAAIM Exposure index is at 96 which is as bullish as it has ever gotten... and yet...
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Wednesday, July 27, 2016
Don’t Buy The SPX Hope Stock Market Rally! / / Stock Markets 2016
All bubbles burst; the question is when? Quantitative Easing (QE) is much like an addiction. One needs more and more to get the initial effect, however, this becomes an asymptotic result, whereas, eventually, one needs an infinite amount that will no longer give a positive effect! So, now that QE has failed, I believe there will now be the introduction of “Helicopter Money”.
Global central bankers constantly continue to spend their way out of their contracting economies, which are now resulting in large budget deficits. The deficits that these policies have produced are unsustainableand have now created a new fiscal crisis within their countries. A second response has been to expand the central banks’ balance sheets as a way of providing liquidity to the private sector. These policies have also sent interest rates into unprecedented historical lows. European countries and Japan have sent their rates into negative territory, thereby reducing returns to fixed-income investors. Low interest rates have encouraged corporations to borrow more money but, in turn, harm the investors savings for their future.
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Tuesday, July 26, 2016
Bitcoin $650 Still in Play / Currencies / Bitcoin
In short: no speculative positions.
A recent development in the Ethereum ecosystem might turn out to be important for other digital assets, Bitcoin included. On CoinDesk, we read:
The ethereum ecosystem is returning to normalcy following a high-profile hack last month that resulted in nearly $60m worth of investor funds ending up under the control of an unknown group or individual.
The 'theft', as some would label it, was eventually reversed through what's known as a hard fork, a change in the code, 'approved' by an informal community vote, that effectively moved the disputed funds to a new account where investors could withdraw their original investments.
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Tuesday, July 26, 2016
Russia’s UN Envoy Blasts US Mass Murder in Syria / Politics / US Military
All US wars kill many more civilians than combatants - the ugly truth Washington wants suppressed. America considers everyone in war theaters legitimate targets while claiming otherwise.
Since summer 2014, US warplanes illegally bombed Syrian and Iraqi targets on the phony pretext of combating terrorism, killing unknown numbers of civilians, hundreds, maybe thousands - all the while disingenuously claiming to go all-out to avoid so-called collateral damage.
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Tuesday, July 26, 2016
The Spectacle of Sanders in Philadelphia As Hillary Puppet / ElectionOracle / US Presidential Election 2016
Sanders didn’t just fall from grace. He crashed, burned and resoundingly proved politicians can never be trusted.
Nothing they say is credible. For months, supporters believed he was the anti-Clinton, campaigning against what she represents - an agenda of endless wars of aggression, world peace at risk, neoliberal harshness, police state terror, the worst of all possible worlds.
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Tuesday, July 26, 2016
Deutche Bank Stock Price Crash - The EU Has Problems Far Beyond the Brexit / Stock-Markets / European Stock Markets
The Dow dropped nearly 1,000 points (5%) and the London FTSE dropped 10% after the Brexit vote surprised the markets on June 23. After two days though, markets were marching back up again.That’s just like markets on “crack!” They react to political events, but totally miss the fundamentals.
Yes, Brexit is important. Years from now it will be recognized as the beginning of the end for the great Eurozone experiment.
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Tuesday, July 26, 2016
UK Annuity competition has never been weaker / Personal_Finance / Pensions & Retirement
The latest analysis of the annuity market by Moneyfacts has highlighted the challenging pricing conditions facing the sector and suggests that competition in the annuity market has never been weaker.
The analysis conducted for the Moneyfacts Personal Pension and Annuity Trends Treasury Report shows a seeming lack of appetite among providers to compete for annuity business, a factor which is contributing to record low annuity rates.
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Tuesday, July 26, 2016
SPX is Flat, Crude is Down / Stock-Markets / Stock Markets 2016
Good Morning!
The SPX Premarket is flat this morning. Normally, at the beginning of the Fed meetings, I would expect the SPX futures to be higher. That may be the case prior to the open. If this is a “buy the rumor, sell the news” moment, I would anticipate that all the rumors may have already been played out.
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Tuesday, July 26, 2016
Nasdaq Pulling the Stock Market Up, and Down / Stock-Markets / Stock Markets 2016
Markets don’t generally go through a major resistance zone on the first try. Notice it took the S&P 5 tries before it could break through the 2015 high.
I think we can expect the same thing when the Nasdaq tests the all-time highs. It should pull back, and I expect it will take the rest of the markets down with it. Nasdaq will likely pull back to the 5,000 level.
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Tuesday, July 26, 2016
Nasdaq Closed Flat Despite Down Day / Stock-Markets / Stock Markets 2016
The stock market indices started off the week on a very weak note, and although an afternoon comeback from midday hold of secondary support created a market rally that saw a late afternoon pullback consolidation, and then a strong surge in the last half hour to take back a big chunk of losses back. However, they were unable to get to through to the positive side, although the Nasdaq 100 closed nearly flat on the day after being down as much as 15 points.
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Tuesday, July 26, 2016
The Forex Markets Are Getting Exciting! / Currencies / Forex Trading
Our Senior Currency Strategist explains why
Jim Martens, the editor of our Currency Pro Service, gives you a preview of what's going on in the FX world post-Brexit.
Watch this new interview to learn which markets Jim's keeping his eye on.
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Tuesday, July 26, 2016
Stocks Could Easily Fall 40% From Here / Stock-Markets / Financial Crash
The US is in a recession.
Quarterly earnings by publicly traded corporations have fallen for SIX straight quarters. That covers a time of 18 months.
This has never happened outside of a recession.
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Tuesday, July 26, 2016
Stock Market Unwinding...Nothing Bearish...Fed On Deck... / Stock-Markets / Stock Markets 2016
Can you believe it! The market pulled back for a whole day. Who knows, it may do two days in a row. You never know. It's not unusual for a market or a stock to come back and test the level from which it broke out. In this case it's S&P 500 2134. I don't know that we'll get that low, but it's always possible for this market to back test. The fact that it shot decently past 2134 allows it to have a reasonable pullback without breaking support as it unwinds. It would be healthier for the market to back test and get some unwinding, but if it does actually do that, it would likely scare folks that we had a false breakout. I don't think that will occur. It would if the market was playing the real world, but since the market rarely does that it's quite unlikely that we'll break far below 2134 on the S&P 500, thus causing a false breakout from a couple weeks back. The bulls waited a long time to get this breakout, and, with the bears mostly silent, it would be a surprise if this move was a false one. Anything is possible, but it makes little sense.
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Tuesday, July 26, 2016
The US Dollar's Impact on Gold and Silver / Commodities / Gold and Silver 2016
Technical analyst Jack Chan charts a breakout of the U.S. dollar and comments on its implications for gold and silver.
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Tuesday, July 26, 2016
How would you invest money you didn't need for ten years? / Commodities / Gold and Silver 2016
One in six investors chose gold as the best place to park money they wouldn't need for more than ten years – the same number that chose stocks, according to a recent Bankrate survey. Another 6% chose bonds, while 25% chose real estate, and 23% said they would simply bank the money.
To the typical Wall Streeter, these results represent a world turned upside down. CNBC's Jim Cramer took one look and lamented, "As someone who has lived and breathed stocks for most of my life, this is a horrendous finding. But it's not surprising."
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Monday, July 25, 2016
Underpriced Silver Is the “Rip Van Winkle” Metal / Commodities / Gold and Silver 2016
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up we’ll hear a fantastic interview with Dr. Chris Martenson of PeakProsperity.com, author of the Crash Course and now his wonderful new book Prosper. Chris will give us his amazing insights on a range of topics, including the real reasons behind the recent and surprising stock market rally, what to expect in the precious metals markets in the weeks and months ahead and the steps you can take to protect yourself in the face of ever-growing domestic and global chaos. You simply do not want to miss a must-hear interview with Chris Martenson coming up after this week’s market update.
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