Thursday, December 03, 2015

Stock Market Positive Expectations Following Yesterday's Move Down, Will Uptrend Continue? / Stock-Markets / Stock Markets 2015

By: Paul_Rejczak

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,140 and profit target at 1,990, S&P 500 index)

Our intraday outlook is bearish, and our short-term outlook is bearish:

Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): bullish

Thursday, December 03, 2015

David Cameron Declares Jihad on Islamic State Syria - 'Bombs Away Chaps' / Politics / ISIS Islamic State

By: Nadeem_Walayat

Britain's industrial military complex smarting from having failed to profit form the four year long Syrian civil war will today be toasting after the success of much costly lobbying of MP's, who led by the Prime Minister have followed their instructions to start to empty the munitions dumps of bombs and missiles to be dropped right across Syria, joining US, French, Turkish and Russian militaries as they rain hell fire missiles down onto civilian populations, with the probable resulting carnage of many hundreds of innocents killed for every ISIS gangster killed, akin to flattening Rome to kill members of the mafia, all in the name of defending Britain from the terror threat that the likes of the CIA and MI5 amongst other secret police agencies have been busy creating and fostering so as to support the need for the exponential expansion of the surveillance state.

Thursday, December 03, 2015

Gold Price Capitulation ? / Commodities / Gold and Silver 2015

By: Dan_Norcini

The technical charts on gold are suggesting the start of a fresh leg lower in price. The loss of chart support near the $1075-$1070 level, and the subsequent inability of the metal to move back above that level, has led to both long liquidation on the part of the specs as well as fresh shorting.

On the intermediate term chart ( Weekly) price appears headed for the lower line of the downtrending price channel that has contained gold since April of 2014. Currently, that targets a potential move to down near $1030-$1020.

Thursday, December 03, 2015

Stock Market SPX Approaching its Sell Signal / Stock-Markets / Stock Markets 2015

By: Anthony_Cherniawski

SPX bounced from its Short-term support at 2076.36, making a low of 2077.51. Chances are good that it may slip through Short-term support and the 2-hour mid-Cycle support at 2073.90. However, there is a likely bounce due at the 200-day Moving Average at 2065.10, where it appears to complete Minute Wave [i]. This decline has a long way to go in only a week’s time or so.

Wednesday, December 02, 2015

Gold and Silver Trading Alert: USD and Silver Invalidate the Breakdowns but Gold Doesn't / Commodities / Gold and Silver 2015

By: P_Radomski_CFA

Briefly: In our opinion, no speculative positions in gold, silver and mining stocks are justified from the risk/reward point of view. In other words, we think that taking the rest of the profits off the table is justified from the risk to reward point of view. It seems likely that we will re-enter the short positions shortly, though.

The precious metals sector moved higher yesterday, while the USD Index declined. There was no meaningful action in gold - it remains below the previous 2015 lows - but silver invalidated its recent breakdown and the USD Index invalidated its recent breakout. Is gold the key market to focus on, or are other markets just as important and can change the outlook for gold on their own?

Wednesday, December 02, 2015

U.S. Treasury Secretary Makes Sad Admission about Coinage Devaluation / Currencies / Fiat Currency

By: MoneyMetals

Traders are bidding up the U.S. dollar and dumping metals as they become more convinced that the Federal Reserve will raise interest rates at its next meeting. Janet Yellen and company have been talking about raising rates for the better part of a year, though. All talk and no action so far.

Will they finally hike or keep crying wolf? We'll find out when the Fed meets on December 15-16.

Wednesday, December 02, 2015

The Economic Costs of Terrorism Hit an All-Time Peak / Politics / War on Terror

By: John_Mauldin

The world can change quickly, and last week it did. The most immediate and heartbreaking impacts of the Paris attacks were suffered by the victims themselves and their families, but from there the ripples of terror spread outward around the world.

The Paris events didn’t happen in isolation. Recent bombings in Lebanon, Iraq, Mali, and Nigeria, plus the Russian airline disaster, showed us how far evil can reach.

Wednesday, December 02, 2015

It Will Take Trillions of Euros to Save the European Union / Politics / European Union

By: John_Mauldin

The EU’s political leaders and other elites are committed to holding the European Union together. To them, united Europe is an article of faith. They hold the idea with as much ferocity and fervor as any religious belief. But while the European Union is a wonderful political idea, it’s economically terrible. And the EU nations will have to face up to bearing enormous costs to save the Europe we wished for.

Wednesday, December 02, 2015

Gold COTs Most Bullish for 14 Years, Call for a Sizeable Tradable Rally Soon... / Commodities / Gold and Silver 2015

By: Clive_Maund

There is no need to mince words or beat around the bush with this update. The latest COTs for gold released yesterday showed another marked improvement so that they are now strongly and unequivocally bullish - in fact they are at their most positive since late 2001, that's 14 years.

We are not going to waste our time trying to figure out the reason or reasons for this, but possibly this situation suggests that the Fed is not going to raise rates this month as widely expected. If they don't, the dollar, which has wafted back to its highs on this expectation, will drop and the PM sector will rally.

Wednesday, December 02, 2015

Merk Markets, US Dollar and Gold Outlook 2016 / Stock-Markets / Financial Markets 2016

By: Axel_Merk

Up! Buy the dips! What could possibly go wrong? A hell of a lot, actually, so investors might want to take precautions before, rather after, bad things happen to one's portfolio. We take a stab at where one may find opportunities in 2016.

Wednesday, December 02, 2015

Gold Price is Nearing Record Low – When to Buy? / Commodities / Gold and Silver 2015

By: Nicholas_Kitonyi

The price of gold has been under intense pressure over the last few weeks as expectations about the increase of the U.S. interest rates continue to rise. The Federal Reserve is expected to make an announcement soon with regard to this matter and several financial reviews believe that an uptick could come as early as this month.

This has helped to push the price of Gold close to its 5-year low of $1,056. However, in the last few days, the price of the yellow metal appears to have hit a turning point with some investors convinced that the expected interest rate hike has already been tacked into the bin.

Wednesday, December 02, 2015

Does the Financial Sector's Strength Drive the Gold Price? / Commodities / Gold and Silver 2015

By: Arkadiusz_Sieron

The price of gold is determined mainly through changes in the general level of confidence in the Fed and the U.S. economy. This is why the U.S. dollar exchange rate (and the Forex market in general) has such strong influence on the yellow metal. As one can see in the chart below, gold is leveraged to the misfortune of major global fiat money. Each time confidence in the U.S. dollar increases, like in the 1980s and 1990s, the attractiveness of gold declines. Conversely, each time the U.S. economy and its currency prospects stumble, people are reminded of the extraordinary properties of gold.

Wednesday, December 02, 2015

How Money Disappears in a Fractional-Reserve Money System / Currencies / Fiat Currency

By: Frank_Shostak

Most experts are of the view that the massive monetary pumping by the US central bank during the 2008 financial crisis saved the US and the world from another Great Depression. On this the Federal Reserve Chairman at the time Ben Bernanke is considered the man that saved the world. Bernanke in turn attributes his actions to the writings of Professor Milton Friedman who blamed the Federal Reserve for causing the Great Depression of 1930s by allowing the money supply to plunge by over 30 percent.

Wednesday, December 02, 2015

Putin’s Revenge? The Fight for Syria's Nothern Border / Politics / Syria

By: Mike_Whitney

“We have received additional information confirming that the oil controlled by Islamic State militants (ISIS) enters Turkish territory on an industrial scale. We have every reason to believe that the decision to down our plane was guided by a desire to ensure the security of this oil’s delivery routes to ports where they are shipped in tankers.” –Russian President Vladimir Putin, Paris, 11-30-15

Wednesday, December 02, 2015

Stock Market Blue Skies, Unicorns, and Santa Claus Rallies / Stock-Markets / Stock Markets 2015

By: Jesse

"Unhappy events abroad have retaught us two simple truths about the liberty of a democratic people.

The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is Fascism—ownership of Government by an individual, by a group, or by any other controlling private power.

Wednesday, December 02, 2015

Stock Market Correction Nearing Its End... / Stock-Markets / Stock Markets 2015

By: Anthony_Cherniawski

What appears to be a final fifth wave has appeared, morphing the former double zigzag into an a-b-c Wave 2…

…that is, if it reverses very soon. You see, Wave (iii), which is 18.39 points long, cannot be the smallest wave in the series. That may happen if the SPX peaks above 2105.16. So the issue remains unresolved until morning.

Wednesday, December 02, 2015

Renewable Green Energy Bankruptcies / Politics / Renewable Energy

By: BATR

With the approach of the much ballyhooed Paris Climate Summit, the world is being conditioned to accept the spread of the renewable energy gospel. As shams go this one is a doozy. Absent from the filtered media coverage is the actual record of failure and fraud that produces more bankruptcies than usable energy. Hold onto your socks, the waste of public money is about to accelerate. All these projects will enrich the few, while soaking the multitude. Aye, global warming is such a blessing . . .

Tuesday, December 01, 2015

Financial Markets are a Psychological Phenomenon - Video / InvestorEducation / Trader Psychology

By: EWI

Interview with Robert Prechter

Watch this 2-minute video where Robert Prechter talks about his developing theory on finance with Douglass Lodmell for The Mind Of Money series.

Since then, Bob has been hard at work on his new book about his now fully developed theory on finance (scheduled for completion in 2016).

Tuesday, December 01, 2015

Fed's Yellen Running Out of Makeup - Video / Interest-Rates / US Federal Reserve Bank

By: Mario_Innecco

It's Tuesday before non-farm payroll which is coming out on Friday but it's been an interesting day in the markets we've had some interesting data in the us- the manufacturing I assume PM. number came out of 48 points, was forecast to come out and it dropped from 50 the previous month so that's quite a big drop in its below 50 which means a contraction so if you look at the headlines on Zero Hedge for example today we've had some interesting headlines about the US economy one of them says Atlanta Federal Reserve slashes fourth-quarter GDP forecast from 2.3 to 1.4.

Tuesday, December 01, 2015

U.S. Dollar Remains the reserve currency of the world for a good reason / Currencies / US Dollar

By: Bloomberg

U.S. Treasury Secretary Jack Lew spoke with Brendan Greeley on Bloomberg TV's new flagship morning program, Bloomberg <GO>. Lew discussed how government can address the lack of access to banking in the United States, financial services' rules and regulations and the benefits of Dodd-Frank.

On the IMF elevated the Chinese yuan, Lew said: "The U.S. dollar remains the reserve currency of the world for a good reason." He added: "We've also had long, ongoing discussions with China about their currency practices. They have made commitments to us that will not intervene in ways that are unfair. And those are important commitments. And they know that we're going to hold them to those commitments."