Tuesday, November 03, 2015
Stock Market Three Peaks and a Domed House / Stock-Markets / Stock Markets 2015
By: Ed_Carlson
Point 27
A six-month cycle pointed to an important low in Sept/Oct this year. A low then matches seasonal expectations for equities. If that low was point 26 on Lindsay’s template, then the rally into point 27 will be short as the right shoulder after the cupola (point 27) usually occurs at about five months or less after the cupola (point 23). From 1901 through 2011 there have been only three instances of a longer time frame between points 23 and 27.
Tuesday, November 03, 2015
QE's Creeping Communism / Interest-Rates / Quantitative Easing
By: Peter_Schiff
Most economists and investors readily acknowledge that the current period of central bank activism, characterized by extended bouts of quantitative easing and zero percent interest rates, is a newly-blazed trail in economic history. And while these policies strike some as counterintuitive, open-ended, and unimaginably expensive, most express comfort that our extremely educated, data-dependent, central bankers have a pretty good idea as to where the trail is going and how to keep the wagons together during the journey.
Tuesday, November 03, 2015
Hedging HAL With Gold / Commodities / Gold and Silver 2015
By: Michael_J_Kosares
In the month of October, there were thirteen two hour blocks during which gold traded in a range greater than $10 – not an alarming price range to be sure, but collectively, these high activity moments represent the most volatile trading periods for the gold price all month – by far. What’s more interesting is that a whopping ten of the thirteen occurred well within the first hour of trading on the COMEX (6AM MST), frequently on little to no news of any consequence, at a time when most normal people are barely making their way to the coffee machine. By contrast, only three occurred later in the trading day – the first corresponded with the release of the Fed Minutes (Oct 8), the second with an important numbers miss, and the third the release of the Fed policy statement (Oct 28) – in other words, during times when price volatility was justified, reasonable, and expected. Welcome to the world of algorithmic trading – the new normal for all financial markets.
Tuesday, November 03, 2015
What Can’t Go On Won’t Go On, Part 1: Corporate Leverage / Companies / Corporate Earnings
By: John_Rubino
By now everyone knows the corporate share repurchase story, about how major companies are engineering higher per-share profits and share prices by buying back their stock and raising their dividends. But just how much they’re spending may still come as a shock.
Tuesday, November 03, 2015
The Circle of Gold / Commodities / Gold and Silver 2015
By: DeviantInvestor
A – 1913: Gold was money in the United States. Double eagles ($20.00), Eagles ($10.00), and Half-Eagles ($5.00) circulated freely. Silver dollars and smaller coins were common and used for commerce. And then the bankers created “The Federal Reserve.”
Tuesday, November 03, 2015
Gold Price Getting Very Deep / Commodities / Gold and Silver 2015
By: Gary_Savage
Gold is getting very deep in its daily cycle. One requirement to confirm a daily cycle low is a break do the cycle downtrend line.
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Tuesday, November 03, 2015
The Stock Market Big Picture / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
Good Morning!
The SPX Premarket is down, but around 8:30 a rally has been launched to attempt to take SPX higher. How far the central banks and primary dealer banks can push it is yet to be determined. I recalculated the targets for the three formations and was surprised at how closely they all agree.
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Tuesday, November 03, 2015
How China and the West Work Together to Manipulate the Global Currency War / Currencies / Currency War
By: MISES
Brendan Brown writes: From reading the commentaries you might have imagined that the process of a currency winning international reserve status depends on getting the IMF seal of approval. At least that seems to be the story with China.
So, strange to tell, the great international monies of the past evolved either before the IMF was created or without its help. Think of the Deutsche mark and Swiss franc — the two upstarts of the 1970s and 1980s — or briefly the Japanese yen when it enjoyed great popularity. Their emergence was due to the path of monetary stability chosen by their issuing authorities together with complete freedom from restrictions.
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Tuesday, November 03, 2015
Steady Rise in UK Mortgage Freebies / Housing-Market / Mortgages
By: MoneyFacts
Falls in mortgage rates over the past couple of years have left providers with little room to manoeuvre when it comes to competing on price. As a result, providers have come up with more innovative ways to attract customers.
One of the most popular methods appears to be adding an incentive package to a mortgage deal. Data from Moneyfacts.co.uk shows that the number of mortgage products offering a range of freebies has increased by over third in five years, illustrated by the table below.
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Tuesday, November 03, 2015
CISA Systemic Domestic Spying, U.S. Police State is Here / Politics / Intelligence Agencies
By: BATR
Technology in cyber space is designed to be the instrument of a totality surveillance society. Secretive methods, back doors, observation and collection of data have been in place for decades. CISA is the latest legislation authorization agreement that provides liability exemption for law enforcement and spooks to conduct their systematic assimilation with the codes and functions of technological development for the intended purpose of efficient monitoring of electronic communication.
Tuesday, November 03, 2015
Stock Market Pushing Up...How High Can We Go?...ISM Nearing Recession... / Stock-Markets / Stock Markets 2015
By: Jack_Steiman
The market futures were quite a bit lower last night ahead of today's very important ISM Manufacturing Report due out thirty minutes into the trading day. As the night wore on, the European markets started to bid, and, thus, our futures bid up as well. We were green by the time the day started, and as the day wore on the market rose further and further leaving the bears scratching their heads in wonder.
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Monday, November 02, 2015
Human Evolution - 2 Million Years of Increasing Brain Size - Video / Politics / Evolution
By: Nadeem_Walayat
The primary evolution for the Genus HOMO of the past 2 million years has been largely in the brain, that in the fossil record has seen our cranial capacity expand from what was little different in size to that of a Chimpanzee some 2.5 million years ago to now triple the size, as natural selection selected those humans who were able to utilise a constant flow of new ideas whilst those individuals and populations who just could not make the leap in understanding were literally killed off by superior strategies, as one can imagine the leaps in cognition were a mixture of steady progress coupled with great leaps in insight such as using fire for first warmth then for protection and eventually realising that cooked meat / food is far more easily edible and digestible, that greatly boosted our calorific intake giving fuel for the brain to grow.
Monday, November 02, 2015
Sound Money Takes Center Stage in Presidential Campaigns / Politics / US Politics
By: MoneyMetals
Clint Siegner writes: Ron Paul put sound money issues on the national radar screen during his presidential campaigns in 2008 and 2012. His push to Audit the Fed introduced Americans to the sordid origins of our central bank. For the first time, large numbers of people began questioning the benevolence and wisdom of an institution, wholly owned by the nation’s largest banks, with total discretion to do whatever it wants in near total secrecy.
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Monday, November 02, 2015
Dow Death Cross is Not a Bearish Signal for the Stock Market / Stock-Markets / Stock Markets 2015
By: Sol_Palha
People who cannot recognize a palpable absurdity are very much in the way of civilization.- Agnes RepplierOne of the common themes we have spotted it that many of the readily available tools don’t provide their users with any meaningful edge. If the indicator is easy to use and easy to master, that means a plethora of individuals will be relying on it to give them some edge over the masses. What they fail to understand is that they are the part of the mass, they are trying to outwit. A lot of chatter has sprung about lately regarding the death cross. First it was the Dow, and now there is talk about the U.S dollar. This indicator like the “Hindenburg Omen” is far from perfect and could lead to more harm than good if utilized consistently, other than the cool names they carry, they offer little in terms of value: they are both easy to master and understand and this, in essence, renders them useless.
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Monday, November 02, 2015
Global Fiscal and Monetary Madness / Interest-Rates / Quantitative Easing
By: Michael_Pento
Last week China’s central bank (the PBOC) cut borrowing costs for the sixth time in a year and eased the reserve requirement ratio (RRR) for the third time this year, in a desperate attempt to achieve the prescribed growth target of 7% off the back of ever-increasing credit issuance. The PBOC lowered the one-year benchmark bank lending rate by 25 basis points to 4.35%, the one-year benchmark deposit rate was also lowered by 25 basis points to 1.5%.
Monday, November 02, 2015
Will The Fed Hike In December & What Does This Mean For Gold Prices? / Commodities / Gold and Silver 2015
By: Bob_Kirtley
The October statement from the Fed made one thing very clear; December is a live meeting and Fed is ready to hike rates if it sees fit. Yellen was more hawkish than the market was expecting, sending gold prices lower and bond yields higher. The critical focal point from here will be if the Fed’s hawkish stance will be validated by the upcoming economic data, most importantly the two employment releases we get between now and the December FOMC.
Monday, November 02, 2015
US Stocks Rebound May Be Hollow / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
Good Morning!
SPX closed just beneath its Diagonal trendline. Over the weekend, SPX futures were down as many as 10 points before recovering to breakeven this morning. The Premarket is mildly positive (+1.00), but does not appear to have thrown back into the Diagonal at this time. Odds seem to be in favor of a further decline this morning. If so, there is a probability of testing Short-term support at 2039.18. However, should a further bounce occur, SPX overhead resistance appears to be between 2086.20 and 2089.00.
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Monday, November 02, 2015
Gold Selling “Malevolent Force”? – Dennis Gartman / Commodities / Gold and Silver 2015
By: GoldCore
Dennis Gartman, author of the institutionally well followed ‘The Gartman Letter,’ has asked questions about gold’s peculiar price action last week and raised the question as to whether there was official central bank manipulation of gold prices.
Gold was 2.4% higher in October but fell 2% last week as the Fed again suggested they may soon increase interest rates. Gartman’s assertion is significant as he is no so-called ‘goldbug’. In fact, he is the darling of Wall Street, Bloomberg, CNBC and is highly respected and followed by large hedge funds and financial institutions.
Monday, November 02, 2015
Gold Price Testing Triangle Trend Line / Commodities / Gold and Silver 2015
By: Gary_Savage
We've known all along that gold was going to test the triangle trend line during this daily correction. Yet now that it's happening everyone seems surprised.
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Monday, November 02, 2015
Europe Will Never Be The Same. Neither Will The World / Politics / Immigration
By: Raul_I_Meijer
To reiterate: People are genetically biased against change, because change means potential danger. People are also genetically biased against acknowledging this bias, because they wish to see themselves as being able to cope with both change and danger. Put together, this means that when changes come, people are largely unprepared or underprepared.
Take this beyond the bias of the individual, and apply it to that of the group (s)he belongs to, the vantage point of a society, and you find the bias multiplies and becomes self-confirming. That is, the members of the group reinforce each other’s bias. When change comes in small and gradual steps, as it mostly does, this can be said to work relatively well. When it comes in large and sudden steps, trouble ensues.
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