Friday, August 14, 2015
Fed will Cut 'Transitory' in September / Interest-Rates / US Interest Rates
By: Ashraf_Laidi
A Russian saying goes "nothing is more permanent than temporary". At the Federal Reserve, "transitory" may mean "permanently", or could also mean "we have no clue". Oil has dropped by 57% since over the last 12 months but the +200 PhDs at the world's biggest central bank continue to describe lower energy prices as "transitory". At the June FOMC, the Fed made some progress and finally dropped its phrase from the FOMC statement that "energy prices have stabilized".
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Friday, August 14, 2015
Gold and Silver Stocks Get a Reprieve / Commodities / Gold and Silver Stocks 2015
By: Jordan_Roy_Byrne
The precious metals sector has held recent lows and a rebound is underway. Gold held $1080/oz for three straight weeks and has pushed as high as $1126/oz this week. The gold miners (GDX and GDXJ) surged the first half of the week and Silver has also gained. We believe that this move is more likely to be a relief rally before Gold ultimately tests $1000/oz rather than the start of a new bull market.
Friday, August 14, 2015
7 Key Rules Contrarian Investors Should Adhere To / InvestorEducation / Learning to Invest
By: Sol_Palha
"Given a sufficient number of people and an adequate amount of time you can create insurmountable opposition to the most inconsequential idea." ~ Anonymous
Contrarian investing is a dynamic field and not a static one. The assumption that it's a static field is held by the new breed of fashion contrarians, whose only donation to this field has been to glamorize it and distort the correct notion of being a contrarian investor. These fashion contrarians are no different from those with the mass mindset; they only pretend to do things differently, but the moment fear or uncertainty is in the air, they flee for the exits like bandits being chased by the hounds of hell. A true contrarian in most cases understands the basic rules of mass psychology. If you are not familiar with these rules, you are doing yourself a disservice and should catch up on them ASAP.
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Friday, August 14, 2015
Inside the Bank of England - Video / Interest-Rates / Central Banks
By: Anika_Walayat
Take a journey from a unique perspective into the very heart of Britain's financial system, it's central bank, the Bank of England.
Friday, August 14, 2015
Debt Deleveraging as a Biblical Plague / Interest-Rates / Global Debt Crisis 2015
By: Raul_I_Meijer
Eventful days in the middle of summer. Just as the Greek Pandora’s box appears to be closing for the holidays (but we know what happens once it’s open), and Europe’s ultra-slim remnants of democracy erode into the sunset, China moves in with a one-off but then super-cubed renminbi devaluation. And 100,000 divergent opinions get published, by experts, pundits and just about everyone else under the illusion they still know what is going on.
We’ve been watching from the sidelines for a few days, letting the first storm subside. But here’s what we think is happening. It helps to understand, and repeat, a few things:
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Friday, August 14, 2015
Crude Oil's Slippery Slope: How Far Will Prices Fall? / Commodities / Crude Oil
By: EWI
One prominent analyst says oil prices will drop much further
Editor's note: You'll find the text version of the story below the video.
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Friday, August 14, 2015
Supply and Demand Will Rescue Gold Mining Stocks Soon / Commodities / Gold and Silver Stocks 2015
By: The_Gold_Report
Money managers Doug Loud and Jeff Mosseri of Greystone Asset Management LLC. have some simple advice for gold investors: Relax. Supply and demand will reassert its reign quite soon, and, when that time comes, both gold and gold equities will appreciate quickly and significantly from their current levels. In this interview with The Gold Report, they highlight several producers and explorers with the management, cash and projects needed to spring forward when the market turns.
The Gold Report: The gold sector entered full-blown panic mode in July with the Bloomberg analysts forecasting a dip below $1,000 per ounce ($1,000/oz) this year, and Deutsche Bank forecasting $750/oz. Is this just fear feeding on fear, or is there something else going on?
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Friday, August 14, 2015
Gold and Silver Offer The Most Profitable Secular Opportunity Today / Commodities / Gold and Silver 2015
By: GoldSilverWorlds
July was a horrible month for precious metals prices. Sentiment reached levels never seen before. As metals and the miners broke through a long term support line, so did pessimism.
To get an idea of the level of pessimism, we are including a very long term chart going back to 1992 (courtesy of Sentimentrader). As readers can see, market sentiment in the last 2 years is worse than the bear market lows of 1998 – 2000.
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Friday, August 14, 2015
Stock Market 7 Year Crash Cycle - What’s So Special about the Number “7”? / Stock-Markets / Financial Crash
By: Peter_Degraaf
Everything in life moves in cycles. Seconds, minutes, hours, days, all add up to become part of a cycle. Some cycles, such as the beating of the heart move fast, while a millennium moves very slow. This article will draw your attention to a very important 7 year cycle. (Charts courtesy Stockcharts.com unless indicated).
The number 7 is much more prevalent in nature than most of us realize: There are 7 oceans, 7 continents, 7 vertebrae in the neck,
Friday, August 14, 2015
Trading Markets Boot and Rally / Stock-Markets / Financial Markets 2015
By: John_Mauldin
Jared Dillian : In my new office, that I had just rented, after starting my own newsletter business: The Daily Dirtnap.
You see, I had just walked away from a job at Barclays Capital, which had bought the Lehman broker-dealer out of bankruptcy. They had offered me a seat trading ETFs, just like I’d been doing at Lehman. I turned it down. I loved working at Lehman Brothers, but I could not see myself trading ETFs for even one more day.
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Friday, August 14, 2015
Commodity Prices Weakness Persists / Commodities / Commodities Trading
By: John_Mauldin
In today’s Outside the Box, good friend Gary Shilling gives us deeper insight into the global economic trends that have led to China’s headline-making, market-shaking devaluation of the renminbi. He reminds us that today’s currency moves and lagging growth are the (perhaps inevitable) outcome of China massive expansion of output for many products that started more than a decade ago. China was at the epicenter of a commodity bubble that got underway in 2002, soon after China joined the World Trade Organization.
As manufacturing shifted from North America and Europe to China –with China now consuming more than 40% of annual global output of copper, tin, lead, zinc and other nonferrous metal while stockpiling increased quantities of iron ore, petroleum and other commodities – many thought a permanent commodity boom was here.
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Friday, August 14, 2015
Desolation Row: The Silver Market / Commodities / Gold and Silver 2015
By: DeviantInvestor
Silver peaked in 1980 and then crashed into “Silver Desolation Row” in 1999 – 2001, like now.
The 1970s decade was the time for commodity price increases and inflation. The 1980s and 1990s saw a preference for paper assets and stocks, while commodities, gold, and silver prices collapsed.
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Friday, August 14, 2015
The Fed, Exter’s Pyramid and Gold – When John Exter Met Paul Volcker / Commodities / Gold and Silver 2015
By: GoldCore
DAILY PRICES
Today’s Gold prices were USD 1,117.35, EUR 1005.54 and GBP 715.56 per ounce.
Yesterday’s Gold prices were USD 1,116.80, EUR 1003.23 and GBP 717.18 per ounce.
[LBMA AM prices]
Friday, August 14, 2015
Why It’s Not Always Good to be a Professional / Politics / Employment
By: Walter_Brasch
Decades ago, newspaper reporters had low wages and no bylines.As expected, they were a bit testy about the low wages.
So, publishers figured out that if they gave reporters bylines, it would soothe their savage egos.
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Thursday, August 13, 2015
China’s Doing Yellen’s Job and Creating a Trillion Dollar Profit Pivot / Interest-Rates / US Interest Rates
By: Money_Morning
Keith Fitz-Gerald writes: Despite what the markets seem to think and many news sources would have you believe, China’s move to devalue the yuan by 1.9% is not an act of desperation intended to prop up a failing economy. It’s not a surprise. And, it sure as heck is not the end of the financial universe as we know it.
Instead, it’s a brilliant move that singlehandedly changes the investing landscape and creates a fabulous new set of profits if you’ve got the guts and the smarts to make your move.
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Thursday, August 13, 2015
China's Yuan Devaluation Creates This Profit Play for U.S. Oil Investors / Commodities / Oil Companies
By: ...
MoneyMorning.com Dr. Kent Moors writes: When the People's Bank of China (PBOC) cut the value of the yuan by 2% on Tuesday, it was the biggest one-day drop for the currency in more than 20 years.
Crude oil and stocks sank on Tuesday, as well, with oil scraping six-year lows.
Tuesday's action would have been enough… but then the yuan plunged all over again on Wednesday, despite PBOC efforts to prop it up, triggering even more volatility.
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Thursday, August 13, 2015
German-US Bond Yield Spread Breaks Out / Interest-Rates / International Bond Market
By: Ashraf_Laidi
Bond yields fell across the board since mid-June, but the more meaningful fact for currency traders remains yield differentials. For EURUSD watchers, the rate of decline in 10-year bund has been slower than its US counterpart, which led to a stabilisation in the German-US spread (not US-German) to the extent of breaking above an important 3 ½ year trendline.
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Thursday, August 13, 2015
Why is Russia Destroying Its Food? / Politics / Russia
By: STRATFOR
Forecast
- A Kremlin crackdown on food imports that violate Russian sanctions will continue to draw criticism throughout Russia.
- If the Kremlin continues with its crackdown, protests will expand.
- To limit the backlash, Moscow may opt for sporadic crackdowns rather than systematic enforcement of food sanctions.
Thursday, August 13, 2015
Gold Price at a Crossroads / Commodities / Gold and Silver 2015
By: Dan_Norcini
Gold has had a nice run off the Chinese yuan devaluation news with short covering the dominant reason behind the buying.
Markets that have a decent sized speculative short position are always subject to bouts of sharp price rises as shorts scurry for cover. The question is not whether or not shorts are covering - they are. The question is, "Are there large numbers of specs who are willing and eager to assume NEW LONG positions?"
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Thursday, August 13, 2015
Harness Biotech Stock Volatility with an Options Strategy / Companies / BioTech
By: TLSReport
Volatility is the nature of the biotech beast, and it must be tamed or utilized to advantage. That's the philosophy of Eden Rahim, portfolio manager and option strategist at Theta Strategies Capital. Can you grow a portfolio if some of your more successful names are called away by option buyers before the stock goes into the stratosphere? The answer is yes, and in this interview with The Life Sciences Report, Rahim describes his technique and leaves readers with six names that he fully expects to reap very large gains.
The Life Sciences Report: You are CEO and cofounder of Theta Strategies Capital, and also the portfolio manager and innovator of the Next Edge Theta Yield Fund, which derives income from the options strategies you have developed over two decades. These strategies profit, in part, from the decline in pricing that occurs as options approach expiration. Could you describe that strategy?
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