Monday, February 22, 2016

Stock Market Pivot Day / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

It appears that SPX Premarket has risen to the range of 1937.00 this morning. That means the Wave structure has morphed into a Minor wave C. The target for this wave [Where Wave (v) equals (i)] is 1945.48. An expanded flat Wave (2) would terminate in the range of the Wave A high at 1947.20. The Broadening formation trendline appears to be near 1952.00, so this gives us a range of outcomes for today.

Monday, February 22, 2016

USDCAD And SP500 Elliott Wave Analysis / Stock-Markets / Financial Markets 2016

By: Gregor_Horvat

USDCAD

On USDCAD we are looking at declining price action from 1.4018 that can be an expanding diagonal, now moving down into the final stages of decline. We see wave 5 of C) headed beneath 1.3650 and even towards 1.3600 area, where pair can be looking to form a low this week.

USDCAD, 1H

Monday, February 22, 2016

U.S. Inflation: Prepare for 4% or more! / Economics / Inflation

By: Ned_W_Schmidt

Last we visited on the subject of U.S. inflation (November, 2015) we wrote,

"Using those simplistic numbers suggests that U.S. inflation as measured by the [headline] CPI could rise to an annual rate of about 4% ..."

Monday, February 22, 2016

Silver and Gold Will Protect From Coming Bank Bail-Ins / Commodities / Gold and Silver 2016

By: GoldCore

Josh Sigurdson and John Sneisen of World Alternative Media interviewed Mark O’Byrne, co-founder of GoldCore, late last week. The value of silver and gold during bail-ins and in a financial crisis was covered and other topics covered included

Monday, February 22, 2016

Ron Paul on U.S. Intervention Failure: Back to Libya / Politics / US Military

By: Dr_Ron_Paul

The use of the US military overseas seems to have become so commonplace that the Obama Administration can bomb a country with no Congressional input and very little media interest at all. Such was the case on Friday, when the US military killed some 49 people in a bombing run near Tripoli, Libya.

We had to bomb Libya, we are told, because Libya has become a hotbed of ISIS activity. The group has been moving training facilities into the country, taking advantage of the chaos. Ironically, it was five years ago this week that the "Arab Spring" uprising began in Libya -- an uprising that was supported by US military force and led to the overthrow of the Libyan government and the murder of its leader, Gaddafi.

Monday, February 22, 2016

Gold Ratio Chartology Quietly Suggesting a Bottom / Commodities / Gold and Silver 2016

By: Rambus_Chartology

Tonight I would like to update a few of the ratio charts we've been following that are still showing an important low or bear market low is in place for gold. There are so many things we read where this analysis says this and that analysis says that but the more one reads the more confused they become. There is no Holy Grail when it comes to trading the markets although everyone is looking for one. Every trading discipline has its own unique characteristics that if one has the discipline to study it long enough they may eventually get pretty good at interpreting what it's saying. Find something that matches your own personality and through trial and error you maybe surprised at what you may discover.

Monday, February 22, 2016

Are Asian Central Bankers Even Crazier Than Our Own? / Interest-Rates / Central Banks

By: Raul_I_Meijer

That the world’s central bankers get a lot of things wrong, deliberately or not, and have done so for years now, is nothing new. But that they do things that result in the exact opposite of what they ostensibly aim for, and predictably so, perhaps is. And it’s something that seems to be catching on, especially in Asia.

Now, let’s be clear on one thing first: central bankers have taken on roles and hubris and ‘importance’, that they should never have been allowed to get their fat little greedy fingers on. Central bankers in their 2016 disguise have no place in a functioning economy, let alone society, playing around with trillions of dollars in taxpayer money which they throw around to allegedly save an economy.

Monday, February 22, 2016

Crude Oil Price Bottom, Forecast to Double Before End of 2016 / Commodities / Crude Oil

By: Nadeem_Walayat

The crude oil price last close of $32 stands $6 higher than its recent multi-year bear market low of $26. Whilst little has changed fundamentally so far in terms of supply i.e. OPEC and others are still pumping flat out and Iran continues to ramp up production, nevertheless demand destruction of many smaller oil producers operating at below break even prices is finally starting to be discounted by the market.

Monday, February 22, 2016

US Dollar and The Global 'Peg Pain Trade' / Currencies / US Dollar

By: Gordon_T_Long

Charles Hugh Smith and Gordon T Long analyze, with 25 slides, the strength in the US Dollar and what we can likely expect going forward.

Both see a strong dollar in the future as it becomes, more and more a flight to safety associated with failed monetary / fiscal policies, weakening current accounts and slowing trade around the world. It isn't that the US$ is a paragon of virtue and value, but rather the "least ugly".

Monday, February 22, 2016

Silver Underperforms Gold in Early Stages of Bull Markets / Commodities / Gold and Silver 2016

By: Clive_Maund

In the early part of Precious Metal bullmarkets, gold performs better than silver, but in the latter part silver outperforms gold. The reason is that the early part of bullmarkets in the sector are characterized by more serious and sober value oriented investors, whereas the latter part is characterized by momentum traders and speculators trying to make a fast buck, and they are attracted by the high leverage of silver relative to gold. This is the reason that the giant ramp in silver in the opening months of 2011 to a final parabolic slingshot peak in April - May signaled that it was all over, many months before gold itself topped out.

Monday, February 22, 2016

Gold Price Finally Breaking Out to Commence a Major Bull Market / Commodities / Gold and Silver 2016

By: Clive_Maund

This has been a momentous month for gold, with it finally breaking out of its long downtrend to commence a major bullmarket. Thus it is amusing to see Goldman Sachs talking about it dropping back to $1000 again. Those timorously wondering whether they are right should stop and ask themselves whose interests are paramount to Goldman, the government and Wall St, or the Little Guy trying to protect what's left of his capital. Those still in doubt should read Goldman Capitulates .

We have been wondering over the past week whether gold and silver have been starting to mark out bull Flags or whether they are instead at intermediate tops. That question is answered for us by the latest COTs which reveal that Commercial short positions have exploded in recent weeks, particularly in silver, where they are now at "nosebleed levels". We therefore now expect a correction, which could be quite heavy - so Curb your Enthusiasm, people. When it happens don't be fooled into thinking that the bearmarket is back on and Goldman is right. Instead take the opportunity to back up the truck and load up on PM sectors investments, many of which have risen too far too fast in recent weeks.

Monday, February 22, 2016

Stock Market Phase Correction In Progress / Stock-Markets / Stock Markets 2016

By: Andre_Gratian

Current Position of the Market

SPX: Long-term trend - Severe correction underway.

SPX: Intermediate trend - Phase correction in process.

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.

Monday, February 22, 2016

Japan Has Officially Lost Control of Its Financial System / Stock-Markets / Financial Crisis 2016

By: Graham_Summers

For over six years, the markets have been moving based on Central Banker actions and words.

The first phase (2009 to 2013) was dominated by action (ZIRP and QE).

Sunday, February 21, 2016

Boris Johnson Joins LEAVE, BrExit Camp - Tory Rats Leaving Sinking REMAIN in EU Ship / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

Boris Johnson woke up today and smelled the coffee that the British public are going to ignore the propaganda of the Westminister elite and instead vote for FREEDOM from the emerging undemocratic and corrupt European Superstate, and so Boris ignored David Cameron's increasingly desperate pleading to declare himself as now being in the LEAVE camp. Which follows a handful of senior ministers who declared yesterday and probably represent the vanguard of many more Tory rats to choose to LEAVE the Tory REMAIN sinking ship, that will likely see their captain, David Cameron's premiership go down with it.

Sunday, February 21, 2016

Gold Has Outperformed Stocks Since… 1967!?!?! / Commodities / Gold and Silver 2016

By: Graham_Summers

Almost every other day I read an article telling me that owning Gold is dumb or that Gold is doomed as an investment.

These articles would be useful or insightful if they weren’t based on “analysis” that is either misleading or downright wrong.

Sunday, February 21, 2016

Why This Financial Crisis Will Be Worse Than 2008 / 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. Similarly, anyone with a functioning brain could tell you that a bunch of academics with no real-world experience, none of whom have ever started a business or created a single job can’t “save” the economy.

Sunday, February 21, 2016

Venezuela's Gold Heads East - Ubi Caritas / Commodities / Gold and Silver 2016

By: Jesse

"We suspect that shorting gold has come to seem like a riskless proposition as long as there is confidence in the Fed. Synthetic gold is the perfect substance for a carry trade: an easy borrow with very low carrying cost and little upside basis risk. Such a hypothesis, in our opinion, does much to explain the incongruity of a declining gold price while fundamentals for paper currency, and the U.S. dollar in particular, obviously deteriorate; while demand for physical gold has exceeded new mine supply for several years running; and while above-ground 400-ounce .995-gold bars located in London, New York, and other financial capitals (in cohabitation with speculative trading activity in paper markets) have steadily dwindled and disappeared into Asian financial centers reformulated as .9999 kilo bars."

Sunday, February 21, 2016

The Gold Bull Is Just Getting Started - Video / Commodities / Gold and Silver 2016

By: Gary_Savage

The latest crutch used by the bears is that the COT reports are bearish so gold is going back down. That is not necessarily the case if a new bull market has begun.

Sunday, February 21, 2016

EU Referendum - The British People vs Establishment, Bankster's and Westminister Elite / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

David 'Chamberlain' Cameron returned from Brussels on Saturday to proudly stand outside 10 Downing Street and wave a piece of paper proclaiming 'Reforms in Our Time' to a skeptical British audience who have witnessed the farce of the past week that had seen each member state whittling down what were already pretty feeble proposals from David Cameron so as to prevent the 'contagion' of other EU member states following the same path as Britain which I likened to the EU effectively putting a gun to their head and then proceeding to pull the trigger, and so this is likely to turn out to mark the start of the end of the European Union.

Sunday, February 21, 2016

Stock Market Drop Likely Monday, Gold Price Topping? / Stock-Markets / Stock Markets 2016

By: Brad_Gudgeon

The technicals, cycles and astro-read suggest a high probability of a severe drop in the stock market Monday to as low as the low/mid SPX 1840’s. The SPX likely completed the 100 TD low 16 TD’s on February 11.  The SPY grid lines below shows lines of support and resistance.