Tuesday, March 01, 2016
SPX Makes a Broadening Flag / Stock-Markets / Stock Markets 2016
It appears that SPX is completing a Broadening Flag formation at 1970.19. Its average target appears to be 1504.10. These are different from a Broadening Top, since they are reversal formations, while a Broadening Flag is a consolidation formation indicating a resumption of the previous move and may be more potent in terms of its ultimate target.
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Tuesday, March 01, 2016
Is the Gold Price Manipulated? Part IV / Commodities / Gold and Silver 2016
We have examined the major theories of manipulation in the gold market, so let’s deal with other interesting problems: high-frequency trading, declining inventories in Comex, London bias and gold leasing.
First, some people accuse big banks of suppressing gold prices by not only using ‘naked’ shorts, but also engaging in high-frequency trading (HFT). The HTF is a type of algorithmic trading characterized by the large number of orders at very fast speed (they operate in milli – or microseconds). Many investors believe that bankers using HFT create massive volumes of artificial traffic, or place and quickly cancel orders in order to create waterfall declines in the price of gold.
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Tuesday, March 01, 2016
Stock Market, Gold Topping Update / Stock-Markets / Stock Markets 2016
The charts below were sent out to my subs last night. The SPX is in a bearish rising wedge formation and it looks like a top on March 2 near 1980 is in the offing. Gold and GDX are breaking down. The GDX charts below are just a possibility, but often times tops like this take longer than that projected in the charts below. March 14th is the new projected low for the stock market. A minimum of around 1840 SPX looks likely by that date. A rally into or around March 24 at this point looks likely for the stock market.
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Tuesday, March 01, 2016
U.S. Demographics - The Affluent Market Is Fading FAST / Economics / Demographics
About 30 years ago, I was able to predict the U.S. would see a major generational spending peak in 2007, all from my demographic indicator, the Generational Spending Wave.On a 46-year lag from the time they were born, that’s when the peak number of baby boomers would peak in spending for the average household.
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Tuesday, March 01, 2016
UK Fixed Bond Savings Interest Rates Fall Through the Floor / Personal_Finance / Saving Bonds
As far as the savings market was concerned, 2015 was the year of the challenger provider, and as a result rates crept up and positivity started to make a welcome return. However, research from Moneyfacts.co.uk shows that since the start of the year rates on fixed bonds have free-wheeled downhill to new lows.
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Tuesday, March 01, 2016
Gold's Rise: Head Fake or is it the Real Deal? / Commodities / Gold and Silver 2016
The downtrend that has dominated this sector for the last 3 years has been broken by golds sudden and almost vertical rise from its recent lows.
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Tuesday, March 01, 2016
Is the Most Hated Stocks Bull Market in History Over? / Stock-Markets / Stock Markets 2016
"An ounce of patience is worth a pound of brains." ~ Dutch Proverb
Throughout this bull-run, a plethora of reasons has been laid out to indicate why this bull should have ended years ago. Mind you most of those reasons are valid, but that is where the bucket stops. Being right does not equate to making money on Wall Street. In fact, the opposite usually applies. The Fed recreated all the rules by flooding the markets with money and creating and maintaining an environment that fosters speculation.
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Tuesday, March 01, 2016
The Great Corporate Earnngs Fraud / Companies / Corporate Earnings
"What are the odds that people will make smart decisions about money if they don't need to make smart decisions -- if they can get rich making dumb decisions? The incentives on Wall Street were all wrong; they're still all wrong." - Michael Lewis, The Big Short: Inside the Doomsday Machine
Corporate earnings reports for the fourth quarter are pretty much in the books. The deception, falsification, accounting manipulation, and propaganda utilized by mega-corporations and their compliant corporate media mouthpieces has been outrageously blatant. It reeks of desperation as the Wall Street shysters attempt to extract the last dollar from their muppet clients before this house of cards collapses.
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Tuesday, March 01, 2016
Why Oil Booms And Busts Happen / Commodities / Crude Oil
What if I told you that there was a period in history where oil demand declined by 5 million barrels per day and non-OPEC supply increased by 5 million barrels per day, yet oil price rallied more than 50 percent? Would you believe me? If your answer is yes, then you guessed right. This was the period from 1979 to 1985; it was a period during which global oil demand declined from over 61 million barrels to 56 million barrels and non-OPEC supply increased from 32 million barrels to 37 million barrels. Yet prices rallied from $17 a barrel in 1979 to $26 a barrel in 1985, while reaching as high as $35 in 1981.
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Tuesday, March 01, 2016
DOW Stocks Index Set For Bullish 2016 / Stock-Markets / Stock Markets 2016
Ahh, the Ides of March. This is a time when stock market participants get the heebie-jeebies and it is my expectation that the first part of the month will play into this superstitious claptrap. However, once an expected higher low is in place, then a big move to the upside will be witnessed that sees March end impressively in the green.
The January analysis outlined the expectation of a move down to put in a higher low. Bingo. The February analysis outlined the expectation of another downside test that puts in another higher low. Bingo again. In this March analysis, I'm gunning for the jackpot prize in calling for one final downside test to put in yet another higher low before price launches higher big time.
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Tuesday, March 01, 2016
Sheffield School Places Crisis Judgment Day for Secondary School Applications 2016 / Local / Sheffield
It's crunch time for the parents of Sheffield's children starting secondary school this year as today they will find out whether their child has obtained a place at their preferred / catchment area school or not. Or as has been increasingly the case during the past few years are disappointed by the outcome as they contemplate appealing. A crisis due to a number of factors that include continuing out of control eastern european migration, year on year cuts in school budgets and rampant school applications fraud all contributing towards a crisis in school places.
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Tuesday, March 01, 2016
Disturbing Global Shift Toward Financial Conservatism - Global Markets 2016 / Stock-Markets / Financial Markets 2016
An excerpt from our new State of the Global Markets Report -- 2016 Edition
Editor's note: The following article was adapted from the just-published State of the Global Markets Report--2016 Edition, one of our most anticipated annual reports for technically minded investors and analysts around the world. We are making the first 10,000 copies of this $99 report available 100% free. Click here to get your free copy now >>
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Tuesday, March 01, 2016
Stock Market Nothing Bearish Yet...Hesitation For Now...Still Nowhere... / Stock-Markets / Stock Markets 2016
Right now is an EXTREMELY critical time for the market, and I'll explain why so pay attention. On Thursday of last week, we made a triple top breakout on the S&P 500 above 1947. A full candle day above that key level as we closed on the highs. The key was to see follow-through the very next day, Friday. We got just that. A nice follow-through early in the day, but we got overbought. Overbought can stay that way, but not this time, as we fell back and closed at 1948. One tail up, thus, not the best action for the bulls. We came in to today no longer overbought, so no more excuses. We started out slightly red, but blasted higher as the morning went along. Halfway through the afternoon the fun stopped on the up side.
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Tuesday, March 01, 2016
Graphite: What iPhones, NASCAR and Tesla Have in Common / Commodities / Graphene
Focus Graphite CEO and Director Gary Economo says the tipping point is coming for natural flake mining developers—even during a depressed commodities cycle. This optimistic view is based on the urgent necessity of manufacturers today to source those critical materials and technologies needed to meet globally mandated CleanTech targets in advance of a 2020 deadline. Focus, says Economo, is on strategic trajectory to capitalize on global change with his company's Lac Knife, Quebec, high-purity graphite deposit.
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Tuesday, March 01, 2016
Gold Charts That Will Confuse Bulls And Bears / Commodities / Gold and Silver 2016
In this article, we feature 4 gold related charts. Two of them are bullish and two are bearish.
The first bullish chart is the gold price with its trend channel since it peaked in 2011. So far, the breakout out of the trend channel is strongly bullish. What gold bulls would like to see now is a successful test of 1200 USD (resistance line). With gold trading only 20 USD above that price point, it will not take long to see the results of that test.
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Tuesday, March 01, 2016
Deutsche Bank Abandons Gold Sub $1000 Call, Says Expensive Insurance / Commodities / Gold and Silver 2016
Deutsche Bank Says has thrown in the towel on its call that gold would fall below $1000 Call. Now DB says buy gold for insurance. Here are a few snips of a Deutsche Bank market research report on gold that came my way via email. The title of the report is "It's Expensive, but You Need Some Insurance".
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Tuesday, March 01, 2016
New Delhi's Dream of Indian Economy Surpassing China / Economics / India
"Do not wait for ideal circumstances nor for the best opportunities; they will never come." ~ Anonymous
India has had many aspirations to overtake China, but this is more of a pipedream than reality. India's corruption makes China's corruption seem non-existent. Add in the traffic jams, and filth one has to deal with in parts of Mumbai and Delhi, and the allure of investing in India loses its appeal rather rapidly. This is the reason India continues to suffer such a massive amount of brain drain . Smart Indians understand that their best option is to seek greener pastures. Modi's government had the strongest mandate of any government, yet like all his predecessors he seems to be all talk and little to no action; he has failed to implement any noteworthy changes.
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Monday, February 29, 2016
Margaret Thatcher's Warning On The Euro And 'Federal Europe' In 1990 / ElectionOracle / EU_Referendum
As the eurozone spins out of control and Britain considers leaving the European Union, this is a good time to recall some of the debates that led up to the current mess. Here's Margaret Thatcher being extraordinarily prescient about the common currency and European integration.
It's safe to say that many in Britain are glad that Thatcher and her intellectual successors opposed "a federal Europe" -- and that a growing number of Italians, Greeks and Spaniards wish they'd had Thatchers of their own.
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Monday, February 29, 2016
China's Newest Export: Empty Buildings / Economics / China Economy
A little over six months ago the owners of the Baha Mar, a $3.5 billion Bahamian resort, filed for bankruptcy. Shoddy construction from the China State Construction Company led to delays resulting from leaking plumbing, porous Chinese concrete and large cracks at critical stress points. The doomed project even led to the death of two Chinese workers. Although the building is 97% complete, the structural deficiencies make it uninhabitable. Given the Chinese proclivity to build ghost towns, it makes you wonder if their construction crews are accustomed to erecting buildings that are never intended to be occupied.
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Monday, February 29, 2016
Gold in Zero-bound / Commodities / Gold and Silver 2016
“When you have zero money for so long, the marginal benefits you get through consumption greatly diminish – but there’s one thing that doesn’t diminish, which is unintended consequences.” – Stanley Druckenmiller
Something happened on the way to negative interest rates. Something unexpected. Gold and silver demand went through the roof. The first two months of business at USAGOLD were reminiscent of the 2009 run to gold. In London, where people have the additional concern of a potential exit from the European Union, investors were lining up around the block to purchase precious metals, and reports were circulating that “Some London banks are placing unusually large orders for physical gold.” For the first two months of the year, the U.S. Mint reported gold coin sales running double what they were for the same period in 2015.
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