Thursday, May 26, 2016
Statistics for Funeral Planning in UK Grave / Personal_Finance / Pensions & Retirement
Recent research has revealed that a shocking 45% of Britons have made no provisions for the event of their death, and that one in ten of the survey respondents foresee that their friends and family will have to foot the bill when they pass away. British Seniors Insurance Agency, an insurance company specialising in British Seniors, conducted this research via Opinium Research earlier this year.
This research uncovers the grave truth about funerals, memorial services and deaths - often loved ones are expected to take on the financial burden. With costs of funerals rising to an estimated £5,469 in some areas of the UK, this can cause substantial emotional stress. The research results suggested that, of the respondents surveyed who had managed the affairs of their loved ones, 58% admitted that it had a direct effect on their emotional health. This statistic was even higher among those respondents in the age bracket of 18-34 years old.
Read full article... Read full article...
Thursday, May 26, 2016
Is The London Gold Bullion Market a Bucket Shop - Video / Commodities / Gold and Silver 2016
It's Thursday May 26 2016 I'm talking about the LBMA today which is the London
bullion market Association it's the biggest supposedly physical gold market
in the world and the reason I brought in diapers because there's an interesting
article in Zero Hedge and it's in tights titled an inside look at the world's
biggest paper gold market and there's quite a few infographics in this article
and it's very interesting and basically it states that average trading volume in
London gold treating calling paper gold as 5,500 tonnes but the LBMA only holds
300 tonnes in its vaults there is more going to London in the Bank of England
buy back gold is supposedly their cat by the Bank of England for other world
Thursday, May 26, 2016
Think Beyond Oil And Gold: Interview With Mike 'Mish' Shedlock / Commodities / Commodities Trading
This past week I was interviewed by James Stafford at Oilprice.com.
We discussed, oil, gold, lithium, other natural resources, global opportunities, and even biotech plays.
Here is the full interview, conducted several days ago.
Read full article... Read full article...
Thursday, May 26, 2016
Hard Times and False Mainstream Media Narratives / Politics / Mainstream Media
The mainstream media mouthpieces for the establishment peddle false narratives, disingenuous storylines, and outright propaganda to keep the ignorant masses confused, oblivious to reality, misinformed, and passively submissive to the opinions of highly paid “experts” and captured fiscal authorities. The existing social order likes things just as they are.
They reap ill-gotten riches, wield unchecked power, and control the minds of the masses. They are the invisible government consciously manipulating the minds, habits and opinions of the multitudes in order to dominate society, control the levers of government, and accumulate obscene levels of wealth through manipulation of the currency and domination of the banking and corporate interests.
Read full article... Read full article...
Thursday, May 26, 2016
Does the Alternative Media Still Exist? With Graham Mehl / Politics / Mainstream Media
Going in, we readily admit this is likely not to be a popular read with many folks. However, to adapt the famous saying of Patrick Henry, the tree of liberty must be refreshed from time to time with the blood of tyrants and patriots. We use the saying purely in a metaphorical fashion in this instance. In our article, you can substitute the patriot’s blood with the carcasses of those who at first championed liberty, but now have become what they most despised. History is replete with examples of men both big and small of championing a cause only to end up right back where they started – only this time they’re looking at themselves in the mirror.
Read full article... Read full article...
Thursday, May 26, 2016
Will The Swiss Guarantee 75,000 CHF For Every Family? / Politics / Social Issues
The Swiss public will have to approve or reject a change in the constitution that would allow for an Unconditional Basic Income (UBI), or a preset, monthly minimum income to be paid out by the government to every adult and child in the country if their income falls below a specific threshold. Even though details of this proposal have been few and far between, the most commonly cited amount of this guaranteed income would be 2,500 Swiss Francs for adults and 625 francs for children. The architects of the proposal stress that this government-guaranteed payment, unlike the current benefit programs, will be entirely “no questions asked”, i.e. it will not be means-tested and it will apply for every person legally living in Switzerland.
Read full article... Read full article...
Thursday, May 26, 2016
Stock Market Breaking Above 2085 S&P 500.....Barely... / Stock-Markets / Stock Markets 2016
A breakout is a breakout and the S&P 500 did close above 2085. It doesn't meet my personal criteria of a breakout, which means a move above by at least a half percent, but you never argue with an index breaking above an old level of resistance, even if it didn't do it forcefully. The only problem with this five-point move above 2085 is we're coming off extremely overbought short-term conditions, thus, we could lose that level right back in the short-term. If we do it's not the end of the world, but just be aware that we're still over 70 RSI's on all the short-term index charts after having readings that averaged 80 during the trading day. The markets overseas were higher after more bail out dollars were handed out in the Euro zone.
Read full article... Read full article...
Thursday, May 26, 2016
Is There A Stocks Bear Market in Progress? / Stock-Markets / Stocks Bear Market
The SPX topped out one year ago, on May 20th, 2015 at 2134.72. One year has gone by in the SPX and has still not made a new high. It could be many years before we breach that high!
The SPX chart below indicates why it is not making any new highs and why a trend change is due any day, now!
From the lows of 2009, the SPX has risen in a parallel channel while never breaking/closing below it with the exception of the beginning of this year at which time it broke down the channel and then closed below it. However, it has since recovered, as indicated in the chart below, however, it is facing significant overhead resistance in the 2110 levels.
Read full article... Read full article...
Thursday, May 26, 2016
Billionaires Are Wrong on Gold / Commodities / Gold and Silver 2016
Recently the mainstream media has reported that several billionaires are concerned about global financial markets and have purchased significant amounts of gold to protect their portfolios.
Take Stan Druckenmiller, the famed hedge fund manager who managed money for George Soros as the lead portfolio manager for Quantum Fund. He and Soros famously 'broke the Bank of England' when they shorted the British pound sterling in 1992, reputedly making more than $1 billion in profits. He has reportedly used over $323 million of his own money to invest in gold. This is approximately a 30% allocation in his $1-billion family fund. His belief in gold can be attributed to his criticism of the Federal Reserve's massive money printing and near-zero interest rates. Ongoing low rates will drive both central banks and investors into gold.
Read full article... Read full article...
Thursday, May 26, 2016
How NOT to Invest in the Gold Market / Commodities / Gold and Silver 2016
Investor psychology is an interesting phenomenon to study. Despite the obviously negative implications, a large percentage of investors have a tendency to buy high and sell low. When the price has been rising and everyone is bullish, they decide to jump in near a top. When prices are dropping sharply and everyone is selling, they get fearful and decide to exit their positions near the bottom.
Herd mentality, or mob mentality, describes how people are influenced by their peers to adopt certain behaviors, follow trends, and/or purchase items.
Read full article... Read full article...
Thursday, May 26, 2016
The Black Swan Spotter...Which Saw the Oil-Crash coming; now says the “Invisible Hand” will push Brent to $85 by Christmas / Commodities / Crude Oil
This is a long article...in summary:
The Short Story:
- $85 by Christmas 2016 sounds as far-fetched as the notion that when Oil was $100-Plus, it would crash!
- The Big Idea then, was that was a classic price bubble – and bubbles always bust
- That was based on a boring valuation for “Other-Than-Market-Value” (OTMV) done in line with very boring International Valuation Standards; nothing radical, no Black Magic, no Black Swans http://www.romacor.ro/legislatie/08-ivs2.pdf
- The “alleged” price-bubble, led “allegedly” to over-investment which led to over-supply
- That was probably thanks to central banks printing money to stimulate what Ludwig Von Mises called “mal-investment”, which is why you have central banks and “God’s Workers” ordained by Goldman Sachs
- The over-supply eventually caused a bust, predictably
- And then “over-investors” (and/or their banks), lost their shirts. That’s normal, it happens all the time; the only question is who pays; the latest idea of the Fed is the grand-children do.
- The model says bubble/bust is zero-sum and so the bust is over; because the supervisor of God’s Workers says so
- OTMV today appears to be about $85, so that’s where the price is headed now
- Unless shale oil comes back in a big way – that’s the only caveat.
Wednesday, May 25, 2016
Is the Derivatives Markets About to Implode the System Again? / Stock-Markets / Financial Crisis 2016
The 2008 Crash was caused by the unregulated derivatives markets. And if you think that problem has been fixed, you’re mistaken.
Consider Deutsche Bank (DB).
DB sits atop the largest derivatives book in the world.
Read full article... Read full article...
Wednesday, May 25, 2016
Major Money Making Opportunity Just Triggered For Stocks / Stock-Markets / Stock Markets 2016
It has now been a year since stocks hit a new all-time high.
That is correct, despite having two massive bounces, driven by tremendous Central bank intervention, the S&P 500 remains well below it all time high of 2130 established May 21 2015.
Read full article... Read full article...
Wednesday, May 25, 2016
U.S. Household Debt Still Below 2008 Peak / Interest-Rates / US Debt
Household Debt Summary
- Household debt for the first quarter of 2016 is up $136 billion.
- Mortgage debt, up $120 billion, accounts for most of the gain.
- Student loan debt, up $29 billion, accounts for most the rest.
- Total household debt still below 2008 peak
Wednesday, May 25, 2016
Another Stock Market "line in the sand" / Stock-Markets / Stock Markets 2016
Here is another probable reason for the rally ending. Although the trendline was broken in April, this may offer stiff resistance to the rally. We may find whether it holds in the next 24 hours.
Read full article... Read full article...
Wednesday, May 25, 2016
Brexit: Wrong Discussion, Wrong People, Wrong Arguments / ElectionOracle / EU_Referendum
There’ve been a bunch of issues and topics on my -temporarily non-writing- mind, and politics, though as I’ve often said it’s not my preferred focus, keeps on slipping in. That’s not because I’ve gotten more interested in ‘the game’, but because the game itself is changing in unrecognizable fashion, and that is intricately linked to subjects I find more appealing.
Read full article... Read full article...
Wednesday, May 25, 2016
SPX is at Strong Resistance / Stock-Markets / Stock Markets 2016
Today’s Premarket shows us why there is always an alternate view of the Wave patterns. The decline to 2025.91 was too shallow and overlapping to be an impulse, although it could have been easily mistaken for one.
I have put in a “line in the sand” at 2084.87. The SPX rally may not stop precisely on it, but it may provide serious resistance to going much further.
Read full article... Read full article...
Wednesday, May 25, 2016
"Gold and Silver Bottom Is In" - Silver Guru tells Max Keiser / Commodities / Gold and Silver 2016
“Gold and silver bottom is in”, renowned silver analyst David Morgan tells Max Keiser on the Keiser Report and warns about paper and digital proxies for money and gold. Morgan, also known as the ‘Silver Guru’ of the TheMorganReport.com, talks to Max about the gold, silver and global bond markets and the ponzi scheme that are these markets.
Read full article... Read full article...
Wednesday, May 25, 2016
US Dollar, Back From the Grave? / Commodities / Gold and Silver 2016
We’ll be leaving for home sometime tomorrow afternoon so I won’t be able to do a Wednesday Report. By the movements in the markets, today is actually a better day to do a Wednesday Report.
There are several times a year when the markets gives you an important inflection point. Today I believe we just witnessed one in regards to the PM complex, the US dollar and the stock markets. Even though the US dollar didn’t have an extremely big up day it did show its hand by breaking out of a downtrend channel while the PM complex had a tougher day breaking down from a small topping pattern we looked at earlier today. Also the stock markets had a very good day to the upside with some completing small double bottoms or falling wedges.
Read full article... Read full article...
Wednesday, May 25, 2016
Gold : Just the Facts Ma’am / Commodities / Gold and Silver 2016
It wasn’t much, a bit less than 4 tons to be exact, but today marked the first day in nearly a month that GLD reported a drawdown in gold holdings.
The last such occurrence was all the way back on April 25.
Considering the amount of gold that has been added since that time (66 tons), a 4 ton reduction is minor. What we will not want to see however is a PATTERN of falling reported gold holdings. That has been the one bright spot for gold that has held steady even in the face of weakness on the gold chart at the Comex. If this changes, then we have an issue.
Read full article... Read full article...