Thursday, March 24, 2016
The Current Oil Price Rally Is Reaching Its Limits / Commodities / Crude Oil
By: OilPrice_Com
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase.U.S. oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at nearly 9.7 million barrels per day (mb/d) in April 2015. American oil companies have gutted their budgets and have put off drilling plans, with many projecting absolute declines in 2016.
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Thursday, March 24, 2016
GLX, GLDX, Baby Gold Bull Market Stillborn? / Commodities / Gold and Silver Stocks 2016
By: Rambus_Chartology
Today felt like a short covering rally during the bear market years in the PM complex only in reverse. Days like today can make one think that the rally over the last two months is all she wrote for the new bull market.. Did the baby bull die at birth ? Maybe , but I’ll need to see more proof that the bear market for the precious metals stocks, that ended on January 19th of this year is back.
During a bull market it’s nice to see new highs being made even if it’s for the short to intermediate term time frame. Then to confirm a new uptrend we need to see higher highs and higher lows being made. Since the January 19th low we’ve seen the PM stock indexes making higher highs but we’ve not seen a higher low put in yet because the rally has been so strong. Tonight I would like to show you the new bull market for the GLDX, global explores, using horizontal support and resistance lines. You can apply the same principal to the other precious metals stock indexes like the HUI or the GDX.
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Thursday, March 24, 2016
Stock Market Unwinding...Market Environment... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
The market finally fell a little bit today. Are the bulls ok? I want to be sure you're handling it well. I wouldn't want any of you to feel someone is messing with you. I know it seems inappropriate for a down day, but it does happen every once in a while. Sometimes it's actually even a good thing. It helps to work off overbought conditions. I know it doesn't feel good, but that's the way it is. A day off from upside happens. Today was that minor down day and it did its job for the short term. A lot of solid unwinding for the short-term sixty-minute charts. The stochastic's, MACD, and RSI all having a nice move lower to allow the charts to reset themselves. The only problem the bulls will be facing will be yet another negative divergence will form on the next attempt higher since the MACD and other oscillators did impulse lower yet again on the selling.
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Thursday, March 24, 2016
A Love Affair: India and Gold / Commodities / Gold and Silver 2016
By: Submissions
India has had a long-standing love affair with gold. At Indian weddings, some of the brides get so much gold jewellery that it weighs them down. There are upwards of 15 million weddings every year in India. According to the World Gold Council, upwards of 50% of Indian demand for gold is destined for weddings. Gold is ingrained in the culture and a part of their belief system. Not only is it integral to weddings, gifts of gold are common for anniversaries, birthdays and religious festivals. Gold jewellery is not regarded solely as adornment. It is a store of wealth. At one time it was widely accepted that women could not own anything except for their gold jewellery. That custom still prevails outside the major cities. Gold has spanned centuries and millennia in India.
Thursday, March 24, 2016
Brussels Terror Attacks, Death of the European Union, BrExit Wake up Call / Politics / European Union
By: Nadeem_Walayat
The Syrian civil war is coming home to roost to a fatally flawed European Union for the fundamental fact every EU nations borders begin with the borderline third world state of Greece, which along with the rest of eastern europe should never have been allowed to join the European Union as this weeks Brussels terror attacks just represent the tip of the ice-berg of full spectrum instability that is the European Union.
Wednesday, March 23, 2016
The Next Financial Crisis Will Be THE Crisis / Stock-Markets / Financial Crisis 2016
By: Graham_Summers
For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis
All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was a problem BEFORE 2008… there is no way that things are better now. After all, we’ve just added another $20 trillion in debt to the US system.
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Wednesday, March 23, 2016
The ONLY Buyer of Stocks Just Stopped Buying… Buckle Up / Stock-Markets / Stock Markets 2016
By: Graham_Summers
The rally of the last month has many scratching their heads.
That is, until you realize:
- Most of it was driven by “short-covering.”
- The primary buyers of stocks today are corporations buying back their stock to juice EPS, not actual investors.
- Actual investors have been selling the farm.
Wednesday, March 23, 2016
Fed's Bullard: We Are Overshooting on Inflation / Economics / Inflation
By: Bloomberg
Federal Reserve Bank of St. Louis President James Bullard spoke with Michael McKee and Tom Keene on Bloomberg TV and Bloomberg Radio this morning. He discussed Fed policy, the U.S. economy global inflation, and moving toward a more normal nominal interest rate structure.
Bullard said policy makers should consider raising interest rates at their next meeting: "You get another strong jobs report, it looks like labor markets are improving, you could probably make a case for moving in April."
Wednesday, March 23, 2016
Bullard Gives Stocks Bears a Boost / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
This is a close approximation of the trendlines that SPX is dealing with. Fortunately, SPX has made a declining impulse (5 waves) to the 4.3-year trendline. It is now in a bounce that may take it back to yesterday’s close or the shorter-term trendline, depending on how long it takes.
Confidence in the reversal rises once the retracement is complete, preferably beneath the short-term trendline.
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Wednesday, March 23, 2016
Two Short-Term Forex Market Trading Strategies That Can Make You Money / Currencies / Forex Trading
By: Nicholas_Kitonyi
There is much debate amongst experts about whether a buy-and-hold strategy or active short-term trading will earn you higher returns in the long run. There are numerous stories about people successfully turning a few thousand dollars into over a million dollars, by sitting at home in front of their computers and actively trading the market every day. On the other hand, many financial experts believe that buy-and-hold is the way to go as the majority of actively managed funds do not outperform their benchmark indices.
Wednesday, March 23, 2016
Federal Reserve's Policy Forecasts Two Down - Two to Go / Interest-Rates / US Federal Reserve Bank
By: Peter_Schiff
The Federal Reserve's years-long campaign to sheepishly back away from its own policy forecasts continued in earnest last week when it officially reduced the four expected 2016 quarter point hikes, suggested back in December, to just two. Given the deteriorating economic outlook, I believe there can be little doubt that the Fed will soon complete the capitulation process and remove all expectations for additional hikes this year. Even before that happens, savvy observers should have already concluded that the Federal Reserve is stuck in the monetary mud just as firmly now as it has been since the dawn of the financial crisis back in 2008.
Wednesday, March 23, 2016
The Greatest Stock Market Crash Of Your Life Is Just Ahead… – Warns Harry Dent / Stock-Markets / Stock Market Crash
By: GoldCore
Harry Dent, best-selling author and economist, has warned that the stock bubble in the U.S. today is the biggest in history and that the “greatest crash of your life is just ahead…”
Writing on his website EconomyandMarkets.com, Dent warned that
Read full article... Read full article...The story on Wall Street and CNBC continues to be that we’re in a correction and this is a buying opportunity. Even Warren Buffett joins the chorus of stock market cheerleaders for the skeptical public. Well, I agree with the skeptical public, not the experts here!
Wednesday, March 23, 2016
Stock Market Trendlines May be Crossed Today / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
Good Morning!
The SPX Premarket attempted to stay above the trendline in overnight action. However, it has lost upward momentum without making a new high and is threatening to cross beneath the short-term rally trendline.
The larger 4.3-year trendline is still the most important, so a decline below 2040.00 may indicate that the longer trendline is also being taken out.
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Wednesday, March 23, 2016
GBP/USD - Currency Bears in Charge / Currencies / British Pound
By: Nadia_Simmons
Earlier today, official data showed that the U.K. rate of consumer price inflation increased by 0.3% in Feb, missing analysts' forecasts. Additionally, although month-over-month consumer prices rose by 0.2% in the previous month, the data disappointed market participants, which pushed GBP/USD under 1.4300. How low could the pair go in the coming days?
Wednesday, March 23, 2016
Yellen, Draghi, Kuroda: Deranged Lab Rats / Interest-Rates / Central Banks
By: James_Quinn
The stock market has regained all of its loses year to date as economic indicators continue to flash red, corporate profits continue to plunge, consumers continue to spend less at retailers, real wages continue to fall, and housing sales continue to decline. The entire dead cat bounce has been generated through corporate stock buybacks, Wall Street lemmings trying to make up for their terrible year to date investing performance, and central bankers who will stop at nothing to verbally manipulate markets higher - since their monetary machinations over the last seven years have been a miserable failure in reviving the real economy.
Wednesday, March 23, 2016
Brexit Defiance of the EU / ElectionOracle / EU_Referendum
By: BATR
The UK media is out in force to scare Brits from voting to leave the European Union. Thursday June 23: Date of the in/out referendum is set for the vote. Just the notion that an actual plebiscite will take place on such an important issue, is encouraging. Proponents of exiting the EU are natural allies in the struggle to promote national populism. The long and distinguished history of England has an opportunity to show the world that the voice of the people can register a resounding repudiation against the technocrats of an unelected European Union.
Wednesday, March 23, 2016
UK House Asking Prices Break Above £300k! Housing Market Paralysis / Housing-Market / UK Housing
By: Nadeem_Walayat
Apparently according Rightmove average UK house asking prices (for England & Wales) have now breached the £300k price level for the first time ever, currently standing at £303,190 against Februarys 299,287. And for comparison the previous bull market peak was £236k, whilst asking prices bottomed out in 2009 at £215k and where most of the surge higher has come during the past 3 years, a rise of 24%.
Tuesday, March 22, 2016
Subprime Auto Loans: the Next Financial Crisis Shoe to Drop? / Interest-Rates / Financial Crisis 2016
By: Mike_Whitney
Booming auto sales have more to do with low rates and easy financing than they do with the urge to buy a new vehicle. In the last few years, car buyers have borrowed nearly $1 trillion to finance new and used autos. Unfortunately, much of that money was lent to borrowers who have less-than-perfect credit and who might not be able to repay the debt. Recently there has been a surge in delinquencies among subprime borrowers whose loans were packaged into bonds and sold to investors. The situation is similar to the trouble that preceded the Crash of 2008 when prices on subprime mortgage-backed securities (MBS) suddenly collapsed sending the global financial system off a cliff. No one expects that to happen with auto bonds, but story does help to illustrate that the regulatory problems still haven’t been fixed.
Tuesday, March 22, 2016
U.S. Monetary Policy Kaleidoscopic Context / Interest-Rates / Money Supply
By: Mike_Shedlock
Dennis Lockhart, Atlanta Fed president, made a speech today trumping up the possibility rate hikes as soon as April.
In his speech, Lockhart cited "sufficient momentum evidenced by the economic data to justify a further step at one of the coming meetings, possibly as early as the meeting scheduled for end of April."
Let's dive into his speech and also put a spotlight on his claim of "sufficient momentum."
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Tuesday, March 22, 2016
Stock Market Drilling down to see what's going on / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
Sometimes it helps to “drill down” to a smaller scale to see if we may make some sense out of where this rally may be leading us. The first thing to check is the Wave relationships. Wave A = Wave C at 2027.60. At this point, Wave C is 121% the size of A.
We drill down a little further and find that Wave [iii] is 107% the size of Wave [i]. Wave [iii] times 1.07 equals a target of 2052.18 for Wave [v]. That is why it is easy to mistake Wave b of (iv), which happened near yesterday’s close, as the probable top. It wasn’t, but now we appear to be getting closer in our calculation of the size of this rally. Let’s go a step further.
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