Tuesday, February 09, 2016
Gold Stocks Picks for Patient Pickers / Commodities / Gold and Silver Stocks 2016
Picking gold and silver equities in a stagnant price environment is a stock picker's game that requires a particular thesis—and a fair portion of patience, says Joe Reagor, an analyst with ROTH Capital Partners. In this interview with The Gold Report, Reagor outlines types of companies he prefers and pairs those with names that patient investors could parlay into promising profits.
The Gold Report: In a report from RBC Capital Markets in late January, the firm said gold could reach as high as $1,200/ounce ($1,200/oz) in the short term but remains in an overall downward trend. Does ROTH Capital Partners share that view?
Read full article... Read full article...
Tuesday, February 09, 2016
Crude Oil Price Continues to Drill Downward / Commodities / Crude Oil
Last week's forecast for a high in the Dow on February 1st was a perfect hit. As of last Friday, the Dow has fallen 438 points since last Monday's high.
Crude spent last week trying to breakout from the 34-dma but, in the end, fell $2.73/bbl. for the week closing at 30.89 and printed an engulfing bearish candlestick on the weekly chart.
Read full article... Read full article...
Tuesday, February 09, 2016
Oil Price Collapse U.S. Recession Odds 2016 / Economics / Recession 2016
David Rosenberg, chief economist at money-management firm Gluskin Sheff & Associates, went way out on a limb today.
Even though oil broke $30 to the downside again today, bond yields have crashed, and the price of many commodities is below the cost of production, Rosenberg made this statement today as quoted by the Wall Street Journal :
Read full article... Read full article..."I put the odds of a U.S. recession in the next year as close to zero as anything could be close to zero."
Tuesday, February 09, 2016
Financial Crisis 2007 All Over Again - Banks Starting To Implode / Stock-Markets / Financial Crisis 2016
So far, each financial crisis in the series that began with the junk bond bubble of 1989 has been noticeably different from its predecessors. New instruments, new malefactors, new monetary policy experiments in response.
But the one that's now emerging feels strikingly similar to what just happened a few years ago: Banks overexposed to assets they thought were safe but turn out to be highly risky see their balance sheets deteriorate, their liquidity dry up and their stocks plunge.
Read full article... Read full article...
Tuesday, February 09, 2016
Preparing for Crisis - It's About Risk Mitigation and Capital Preservation / Stock-Markets / Financial Crisis 2016
John Charalambakis is the Managing Director of Group, a boutique style asset and wealth management firm, which focuses on risk mitigation, capital preservation and growth through strategies that are rule based. Dr. Charalambakis has been teaching economics and finance in the US for the last twenty years. Currently he teaches economics at the Patterson School of Diplomacy & International Commerce at the University of Kentucky.
Read full article... Read full article...
Monday, February 08, 2016
Gold vs Stocks Macro Changes / Stock-Markets / Financial Markets 2016
A picture is worth 4-plus years and thousands of words, and the picture below has a lot to say. I'll say some words as well, since I have kept them bottled up for years in an effort to make sure we operate with discipline as opposed to gold bug style emotion.
The bear market and subsequent inflation-fueled credit bubble early last decade was when I first started paying close attention to macro markets (as opposed to stock trading, which I had done for a few years prior) and how they operate. Having seen well paid professionals lose half of my IRA in 2002, I took over all of our finances and never looked back. But I needed to understand how markets worked and that has been a challenging and rewarding endeavor, not to mention an ongoing learning experience.
Read full article... Read full article...
Monday, February 08, 2016
Top Silver Mining CEO: Don't Laugh, We Could See Silver $100+ / Commodities / Gold and Silver 2016
Exclusive Interview with First Majestic CEO Keith Neumeyer on Metals, Mining, and Manipulation
Mike Gleason, MoneyMetals.com: It is my privilege, now, to be joined by Keith Neumeyer, founder and CEO of First Majestic Silver Corp. One of the top Silver mining companies in the world.
Keith has an extensive background in the resource and finance sectors, and has been an outspoken voice about concerns that there is some level of price suppression going on in the silver futures market. It's a real privilege to have him on with us today.
Read full article... Read full article...
Monday, February 08, 2016
FTSE 100 Following Macro Trends in Peripheral Markets / Stock-Markets / UK Stock Market
Stock market bulls have seen some discouraging activity in the equities space over the last few months, and many traders are looking for an indication that declines in the major stock benchmarks have reached an exhaustion point. Those that have been caught long at the highs are likely showing even more concern, as positions based on the multi-year positive momentum have likely given back most of their gains.
Read full article... Read full article...
Monday, February 08, 2016
NDX, Banks and EuroStoxx All Tumble / Stock-Markets / Stock Markets 2016
NDX gapped down 76.48 points, putting it well beneath its Head & Shoulders neckline and its prior low.
ZeroHedge comments, “Just over two weeks ago, JPM's Marko Kolanovic, whose unprecedented ability to predict short-term market moves is starting to seem a little bizarre, warned that the next "significant risk for the S&P500" was the bursting of the "macro momentum bubble." Specifically, he said that there is an emerging negative feedback loop that is "becoming a significant risk for the S&P 500" adding that "as some assets are near the top and others near the bottom of their historical ranges, we are obviously not experiencing an asset bubble of all risky assets, but rather a bubble in relative performance: we call it a Macro-Momentum bubble."
Read full article... Read full article...
Monday, February 08, 2016
Gold, Investment Leadership Changes Permanent? / Commodities / Gold and Silver 2016
In the Summer of 2015 a major discontinuity occurred in financial markets. That which was, was no longer. That which had not been, suddenly was. Reasons for that abrupt shift in the character of financial markets are not entirely clear. Was it exhaustion of both bullish and bearish runs? Was the anticipation of an interest rate increased so certain that financial markets began to immediately incorporate such an event? Whatever, Gold related investments now clearly dominate returns and growth fantasies have collapsed. That shift may be more permanent than many acknowledge.
Read full article... Read full article...
Monday, February 08, 2016
Stock Market Panic Decline Begins... / Stock-Markets / Stock Markets 2016
Good Morning!
SPX has plunged below 1860.00 this morning, challenging the Broadening trendline. Due to its position, the Broadening Flag appears to be a consolidation that allows the index to continue its former trend. I am not yet labeling the decline because the declining pattern may take several paths. Thus far, the pattern suggests that it may not stay at the trendline very long. Its next target appears to be at or below the Head & Shoulders neckline.
Read full article... Read full article...
Monday, February 08, 2016
How to Save Money By Growing Your Own Homegrown Tomatoes Indoors From Seeds / Personal_Finance / Money Saving
February is the right time of year to get started growing your own vegetables of which given the high shop prices tomatoes should be at the top of ones list. In this comprehensive guide spanning a whole years worth of growing I will show how literally anyone, even a child can easily grow hundreds of tomatoes indoors in a small pot from seed germination, to planting, to hand pollination, to pruning and then enjoying the fruits for a whole years worth of money saving crops of healthy fresh organically home grown tomatoes, good for your financial and physical health as well as delivering a lot of self satisfaction.
Read full article... Read full article...
Monday, February 08, 2016
Gold and Silver Up 5% Last Week As Stocks Fall Sharply / Commodities / Gold and Silver 2016
Gold and silver surged over 5% last week as concerns about the U.S. and global economy saw more sharp stock market falls and reduced expectations of the Fed increasing interest rates.
Read full article... Read full article...
Monday, February 08, 2016
Crude Oil's True Message / Commodities / Crude Oil
The pervasive narrative on Wall Street is that the collapse in oil prices will, any second now, restore consumers to their profligate spending ways. In fact, financial pundits have been calling for plunging energy prices to imminently rescue the economy for the past 18 months. Most importantly, these same gurus, who love to espouse the benefits of a collapse in oil prices, never connect the dots to what this collapse says about the state of global growth. Instead they argue it is solely a function of a supply glut that is the result of increased production.
Read full article... Read full article...
Monday, February 08, 2016
UK Mortgage Fees Hit 21-month High / Housing-Market / Mortgages
With over 4,500 mortgage products for borrowers to choose from it’s unsurprising that those seeking the most cost-effective deal can become confused by the array of choice available.
Assessing the overall value of a mortgage is becoming even more crucial as research from Moneyfacts.co.uk shows that borrowers are now stumping up more cash to arrange a mortgage, with the average mortgage fee today being a full £68 higher than in June 2014 - a 21-month high.
Read full article... Read full article...
Monday, February 08, 2016
US Economy Slides One Step Further Towards A Recession / Currencies / Recession 2016
SUMMARY:
This article reviews whether the US is potentially sliding towards an economic recession, as defined by NBER.
- The St. Louis FED publishes a monthly report that presents the output from its smoothed US recession probabilities model.
- The model covers the period from June 1967 to the present day, and during this period there have been seven US recessions, as defined by the National Bureau of Economic Research (NBER).
- The FED model has three false positives and zero false negatives. All three false positives were within two years of a US recession starting, so they can be considered as early indicators of a recession rather than false positives.
Monday, February 08, 2016
Gold Bear Market Bottom : Mr. Bear has left the PM Sector for Greener Pastures / Commodities / Gold and Silver 2016
Goldtent, it appears the great gold bear of 2011-2016 has now ended. Mr Bear has now completed his work of cleaning up all the garbage and malinvestment created by reckless management teams over the past 15 years. Our sought after ultra low of HUI 66 where we were all going to ring the bell and back up the truck is not going to happen in my opinion. The bottom is in! This is my first and only call of a bear market bottom since the bear started in 2011. Its been brutal, but I believe its over. This is my best judgment based on the pieces of the puzzle I see.
Read full article... Read full article...
Monday, February 08, 2016
Falling Oil Prices Not the Reason for U.S.’s Economic Woes / Economics / US Economy
The dramatic fall in the global price of oil is being cited by the financial press, government officials, and academia as the catalyst for the recent abysmal U.S. economic data which shows that the economy is, in all likelihood, sliding into a recession or worse.
While falling oil prices sound like a plausible explanation for the abysmal financial numbers, anyone with a modicum of economic sense (which excludes much of the financial Establishment) can see that it is merely a smokescreen to obfuscate the real culprit.
Read full article... Read full article...
Monday, February 08, 2016
Silver Price Workup / Commodities / Gold and Silver 2016
Silver finally managed to push through its upside resistance just above the $14.50 level this week and attracted some additional upside follow through as the US Dollar weakness brought on the macro trade (Dollar down - BUY commodities). For that matter copper also rallied, as did platinum. Clearly the latter two metals are not moving higher based on signs of increasing demand but rather because of those macro trades just referenced. It is purely a matter of money flows related to the movements in the foreign exchange markets, especially considering that fact that the preference in the markets at the moment is generally RISK AVOIDANCE.
Read full article... Read full article...
Monday, February 08, 2016
Government Mandatory Depression Screening is A Depressing Thought / Politics / Government Intervention
The United States Preventive Services Task Force recently recommended mandatory depression screening for all Americans. The task force wants to force health insurance companies to pay for the screening. Basic economics, as well as the Obamacare disaster, should have shown this task force that government health insurance mandates harm Americans.
Read full article... Read full article...