Friday, July 15, 2016
The Curious Case of Vanishing Lady Liberty; Only Gold and Silver Remember Her / Commodities / Gold and Silver 2016
By: MoneyMetals
The very first word anyone ever saw on a circulating United States coin was the word “LIBERTY.”
From half-cents to silver dollars, each featured the likeness of an unnamed woman. The images varied, thanks to different engravers, but together they became recognized as Lady Liberty.
Read full article... Read full article...
Thursday, July 14, 2016
Successfully Forecasting Crude Oil Price from 2014 to Today / Commodities / Crude Oil
By: EWI
The Wave Principle helped investors prepare for today's energy market action
March 31, 2014 was no time to issue a bearish forecast for crude oil -- or so it appeared.
But that's exactly the scenario Elliott Wave International's founder Bob Prechter showed his subscribers in his monthly Elliott Wave Theorist.
Read full article... Read full article...
Thursday, July 14, 2016
The Power of the Wave Principle / InvestorEducation / Elliott Wave Theory
By: EWI
Dear reader,
Consider the common thread in these recent market calls:
Read full article... Read full article...Forecast: A 70% decline in the base commodity that runs the industrialized world (when most traders were bullish).
Forecast: A 30% plunge in shares of Wall Street's favorite company -- its worst price decline in three years (even though every advisor with a pulse rated it a "buy").
Thursday, July 14, 2016
When Will They Learn? / Politics / Social Issues
By: Submissions
Jeff Thomas writes: It will be no surprise to readers to say that collectivism is growing in the Western World. It matters little whether we refer to it as socialism, communism, Marxism, Fabianism, totalitarianism or any of its other names, the collectivist ideal is on the rise.
British conservatives worry over the extreme collectivist speeches of the new Labour leader,Jeremy Corbyn, who is far more to the left of the former leader, Ed Miliband, yet often fail to notice that Tory leaders are also becoming more collectivist in their rhetoric. Certainly the incoming Prime Minister, Theresa May, is further to the left than, say, Margaret Thatcher, yet we Britons often fail to notice that both of the primary parties are moving further to the left.
Read full article... Read full article...
Thursday, July 14, 2016
A Brexit in Name Only? / Politics / BrExit
By: John_Browne
The BREXIT vote on June 23rd was part of a growing global trend in which ordinary people are expressing a desire to retain national sovereignty regardless of the cost and suffering that may be involved. The result is rightly seen as a repudiation of the political and financial elites, and should be viewed as evidence that the economic optimism presented in the halls of power has found scant credibility on the streets. The same sentiments can be seen on this side of the Atlantic in the surprising successes of the Donald Trump presidential campaign.
Read full article... Read full article...
Thursday, July 14, 2016
Stock Market Exuberant New All Time Highs / Stock-Markets / Stock Markets 2016
By: James_Quinn
The stock market has reached new all-time highs this week, just two weeks after plunging over the BREXIT result. The bulls are exuberant as they dance on the graves of short-sellers and the purveyors of doom. This is surely proof all is well in the country and the complaints of the lowly peasants are just background noise. Record highs for the stock market must mean the economy is strong, consumers are confident, and the future is bright.
Thursday, July 14, 2016
Silver Bear Market Looks to Be Over…or Not? / Commodities / Gold and Silver 2016
By: Chris_Vermeulen
Since the Brexit vote, we have seen some interesting price action unfold with various assets. With global/Euroland uncertainty, investors have been flocking to what they feel are the safe havens until things get sorted out overseas.
Typically, precious metals and the Dollar Index move in opposite directions. This means that if the dollar rises, metals fall in value. But since the Brexit vote, investors are piling their money into what they feel is the safe place for them to store capital. These are: US Dollars, Silver, Gold, Mining Stocks, Bonds and even US equities.
Read full article... Read full article...
Thursday, July 14, 2016
The EU Is in a Legal Battle That Will Define Its Future / Politics / European Union
By: John_Mauldin
I spent considerable time last week discussing Brexit with my good friend George Friedman.
George’s opinion is invaluable to me because he is the most dispassionate person I know. He analyzes geopolitics by looking at facts and following them wherever they lead.
George is no one’s cheerleader or nemesis. He calls the shots exactly as he sees them, and he’s usually right.
Read full article... Read full article...
Thursday, July 14, 2016
This Confirms The Continuation Of Silver’s Rally / Commodities / Gold and Silver 2016
By: Hubert_Moolman
On the silver chart, is a classical major reversal pattern referred to as a Head and Shoulders Bottom. Major reversal patterns form after a downtrend, and its formation normally confirms a change in trend. Below, is a silver chart (all charts from tradingview.com), with the pattern highlighted:
Thursday, July 14, 2016
New Stock Market Highs Correlate to $57 Trillion in Printed Global Currency Units / Stock-Markets / Stock Markets 2016
By: The_Gold_Report
Precious metals expert Michael Ballanger discusses the relationship of rising money velocity, money printing and new stock market highs.
When people use the term "money," it usually refers to a unit of currency used in the transacting of business and commerce. A woman works cleaning houses for a week and gets paid in a number of currency units and then goes to the supermarket and exchanges those units for food or diapers or medicine. What is left over at the end of the pay period is called "savings," which are allowed to accumulate receiving a modest rate of interest. Around the globe this weekend, a vast number of banks are offering negative returns on savings, such that keeping one's accumulated units of currency in the bank is penalized. The objective of this monetary experiment is to combat the global problem of deflation. Despite $57 trillion of new currency units having been printed since the 2009 financial crisis, global growth has been tepid at best because the velocity of "money" has remained moribund and since all collateral underpinning this massive global debt must not be allowed to depreciate, the central banks have been allowed to engage in a massive, coordinated reflation designed to jumpstart "money" velocity.
Read full article... Read full article...
Thursday, July 14, 2016
US Housing Market Real Estate Mania Redux / Housing-Market / US Housing
By: Clif_Droke
Among the biggest relative strength leaders in the U.S. broad market right now are the home builders and REITs. The U.S. real estate sector is heating up and is also beginning to attract “hot money” inflows from foreign investors looking for a profitable safe haven. Real estate is building a measure of momentum not seen since before the 2008 credit crash. As such, the question as to whether a renewed property market mania is underway is a timely one and will now be addressed.
Thursday, July 14, 2016
Stocks Bear Market Crash Apocalypse Resolves to New All Time Highs! / Stock-Markets / Stock Markets 2016
By: Nadeem_Walayat
The stock market commentariat that had convinced themselves all year that a stocks bear market or worse a crash was always imminent, tending to reach their most vocal fever pitched cry's of doom each time stocks bottomed and where BrExit is concerned, well that was expected to be the icing on the bear cake, that if it happened would surely herald an stock market apocalypse. Though of course most never saw brexit coming because the pollsters, markets and bookies ALL got the EU Referendum outcome WRONG which meant that WHEN it happened the expectations of doom reached a new level of intensity. Worse still because FEAR SELLS the usually clueless mainstream press liberally regurgitated and magnified the doom utterance of financial sales industry which ensured few were in a position to capitalise on the subsequent stock rally.
Wednesday, July 13, 2016
Italy on the Brink of a Full Blown Banking Crisis / Stock-Markets / Financial Crisis 2016
By: Joseph_T_Salerno
As several articles over the past few days have indicated (here, here, here and here), Italy is on the brink of a full-blown banking crisis. Bad debts, or "non-performing loans," held by the banking sector total 360 billion euros, which is a remarkable 17 percent of all the outstanding bank loans in Italy and equal to about one-fifth of the annual Italian GDP. It is also many times the level of bad debt held by Italian banks at the peak of the financial crisis in 2008. Since the beginning of 2016, prices of bank stocks have decreased by more than 50%. In the case of Italy's oldest and most troubled bank, Banca Monte dei Paschi di Siena, its share price has declined more than 75%. It doesn't help that the Italian economy is struggling mightily to recover from the last financial crisis and is still 8% smaller than it was in 2008 and roughly the same size as it was at the end of the twentieth century.
Read full article... Read full article...
Wednesday, July 13, 2016
Hong Kong, Signapore, and India Emerging Stocks Bull Markets / Stock-Markets / Emerging Markets
By: Tony_Caldaro
With the recent resurgence in the US indices, and the potential new leg up in the 2009 bull market, took a look at the foreign indices we track. The objective was to find indices that had dramatic selloffs during 2015-2016, and appear to have completed bear markets. Of the twenty indices we track three in particular look the best longer term.
Wednesday, July 13, 2016
Stocks Bull Market Crash Apocalypse Resolves to New All Time Highs - Again! / Stock-Markets / Stock Markets 2016
By: Nadeem_Walayat
The stock market commentariat that had convinced themselves all year that a stocks bear market or worse a crash was always imminent, tending to reach their most vocal fever pitched cry's of doom each time stocks bottomed and where BrExit is concerned, well that was expected to be the icing on the bear cake, that if it happened would surely have herald an stock market apocalypse. Though of course most never saw it coming because the pollsters, markets and bookies ALL got the EU Referendum outcome WRONG which meant that WHEN it happened the expectations of doom reached a new level of intensity as their worst expectations appeared to finally becoming manifest. Worse still because FEAR SELLS the usually clueless mainstream press liberally regurgitated and magnified the utterance of financial sales industry so as to ensure few would ever be in a position to capitalise on the stock rally.
Wednesday, July 13, 2016
Americans favour Coffee over Financial Freedom / Stock-Markets / Investing 2016
By: Sol_Palha
A little and a little, collected together, becomes a great deal; the heap in the barn consists of single grains, and drop and drop make the inundation.
Saadi
Towards the end of last year, we published an article titled Americans favour coffee to stock market investing where we demonstrated that an overwhelming majority drink coffee as opposed to investing in the stock market’ 61% of Americans drink coffee on a daily basis as opposed to the 48% that invest in the market. On aannual basis, Americans spend about $1200 on coffee. If they put this money into the market and allowed compound interest to do its magic, it could grow into a nice tidy sum over a period of 20 years.
Wednesday, July 13, 2016
Not Too Late For Real Money In A World, Distracted / Stock-Markets / Global Financial System
By: Dr_Jeff_Lewis
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. - Henry Ford
A recent IMF study estimated that the profits of the big banks in the United States are almost entirely due to the government sponsored backstops. It’s not just bailouts, but also cheap credit, and judicial negligence.
Read full article... Read full article...
Wednesday, July 13, 2016
Jubilee Disasters Are Sinking Europe Fast as Italy Unravels and Deutsche Bank Collapses / Stock-Markets / Financial Crisis 2016
By: Jeff_Berwick
There is much going on in Europe and most of it very bad. When we add what’s going on in Europe to what’s happening in Britain, the US and China, we end up with a comprehensive portrait of a world plunging off a precipice.
Of course if you’ve been visiting us regularly, you’re quite aware of the disasters of 2016. They are a continuation of 2015. We’ve been warning about it tirelessly for over a year now.
Read full article... Read full article...
Wednesday, July 13, 2016
Silver Appears Overbought, But Long-Term Outlook Good / Commodities / Gold and Silver 2016
By: Clive_Maund
The long-term outlook for silver is very positive indeed, but over the short to medium term it looks set to react, says technical analyst Clive Maund.
Wednesday, July 13, 2016
Oil Industry Faces Huge Worker Shortage / Commodities / Crude Oil
By: OilPrice_Com
The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the U.S. could begin drilling anew. Shale drilling is a short-cycle prospect, requiring only a few weeks to drill and bring a well online. Because of this, the collective U.S. shale industry has been likened to the new "swing producer": low oil prices force quick cutbacks but higher prices trigger new supplies. In essence, shale could balance the market in the way OPEC used to.
Read full article... Read full article...