Friday, September 11, 2020
The Inflation Mega-trend is Going Hyper! / Economics / Inflation
By: Nadeem_Walayat
QE4EVER!
Virtually everything that cannot be easily printed is rocketing higher which includes GOLD! It's not hard to see why as a consequence of rampant money printing by governments across the world in the wake of the Coronavirus Pandemic economic depression. For instance the UK alone looks set to print about £550 billion this year most of which will be monetized by the Bank of England so that the government can pay the wages of about 1/3rd of Britains workforce for a good 6 months with likely many more economic stimulus measures to follow over the next 6 months towards fighting the Pandemics dire economic consequences.
Whilst the United States has printed $2.2 trillion of stimulus dollars to date with at least another $1.3 trillion to come, that's $3.5 trillion which dwarfs the 2008 financial crisis bailout of $720 billion. Funneling stimulus checks on an epic scale into the back pockets of every working age citizen. Printing money has REAL consequences which is REAL inflation hence what we have been witnessing in markets across the spectrum, and whist I have yet to take a peak at the housing markets, I would not be surprised if the UK housing market at least will start to experience a money printing inflationary boom over the coming year, this despite the fact that people have less disposable income to buy housing, but more on that in a future article.
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Friday, September 11, 2020
Gold / Silver Ratio: Slowly I Toined… / Commodities / Gold & Silver 2020
By: Gary_Tanashian
Toined the macro, that is (in Moe’s Brooklyn accent). Step by step…
A rising Gold/Silver ratio preceded the March disaster, made an ill-fated bounce pattern in May-June and then got hammered by the 24/7 liquidity spigots opened up by a desperate Federal Reserve and Trump admin. They are desperate because the inflation MUST take hold in order to keep the system from unwinding to its fundamentals, which of course are nothing but robo-printed (funny) munny (political commentary withheld from this post, but insert what we all know here if you’d like…).
[edit] And while we’re at it, let’s insert here the republic for which it stands…
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Friday, September 11, 2020
Stock Market Correction or Reversal? The Jury Isn't Out! / Stock-Markets / Stock Markets 2020
By: Paul_Rejczak
The bears retook initiative yesterday, twisting the hands of weak longs. Where is the usual buy the dip mentality, and all the complacency that is part and parcel of bull markets? It's not just stocks that are at autumn crossroads, and attract extensive comments and discussions (thank you all the commenters!).
If you didn't know, I'm active and present throughout the day at investing.com (just enter my name into the search box there, and it'll offer me as the author – select an article, and check out what you're missing) , one of the sites where free versions of Stock Trading Alerts are featured daily. I'm there, interacting with my audience (just as with my subscribers whenever they send me a comment or question via Sunshine Profits – thanks for that!) – I am discussing this topic today given the key juncture stocks are at.
These comments are so important that they can't go into the From the Readers' Mailbag section. Instead, I'm featuring them (marked as C) before the technical part of today's analysis.
Here are a few quotes in response to yesterday's "Correction Or Reversal? Cast Your Votes" article.
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Friday, September 11, 2020
Crude Oil – The Bearish Outlook Remains / Commodities / Crude Oil
By: Nadia_Simmons
Crude oil declined quite substantially this week, and it doesn’t look that the decline will be over just yet.
After a given market clearly moves in a certain direction, corrective moves are bound to happen. After all, no market can move in a straight line up or down. But still, this assumption might be misleading in case of the current situation in black gold. Obviously, it is taking a breather right now after declining several dollars. But, that doesn’t mean that any sizeable rebound is going to happen.
As a matter of fact, based on how crude oil behaved before the decline, we believe that it’s going to slide even further.
In today’s globalized and interconnected economy, no market moves completely independently from the rest of the world. Crude oil, as the most versatile commodity in the market, is definitely not an exception.
Friday, September 11, 2020
Crude Oil Breaks Lower – Sparking Fears Of Another Sub $30 Price Collapse / Commodities / Crude Oil
By: Chris_Vermeulen
RESEARCH HIGHLIGHTS:
- Breakdown in Crude Oil sparks talk of sub $30 price targets.
- Initial support likely near $32 to $33.
- Predictive Modeling suggests deeper price lows may be reached before November 2020.
Have you been paying attention to Crude Oil recently? Prices have collapsed over -15% from the recent highs near $43.78. You may remember a research article I posted originally in July 2019 suggesting a big breakdown in Crude Oil was going to take place in early 2020 and extreme volatility was likely between February 2020 and April 2020. Our researchers predicted the following within that research article:
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Friday, September 11, 2020
China Unloads Dollars as Gold Tests Support / Commodities / Gold & Silver 2020
By: MoneyMetals
Since posting new record highs in early August, the gold market has consolidated above $1,900/oz support.
A close below the $1,900 level would carry bearish implications for the near term.
Alternatively, a move back above $2,000/oz would likely be followed through to the upside with a rally to fresh highs. Silver, in turn, could be expected to run to new multi-year highs above $30/oz.
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Thursday, September 10, 2020
Inflation by Fiat / Economics / Inflation
By: Michael_Pento
The Fed has now officially changed its inflation target from 2%, to one that averages above 2% in order to compensate for the years where inflation was below its target. First off, the Fed has a horrific track record with meeting its first and primary mandate of stable prices. Then, in the wake of the Great Recession, it redefined stable prices as 2% inflation—even though that means the dollar’s purchasing power gets cut in half in 36 years. Now, following his latest Jackson Hole speech, Chair Powell has adopted a new definition of stable prices; one where its new mandate will be to bring inflation above 2% with the same degree and duration in which it has fallen short of its 2% target.Just to be clear, the Fed has no idea what causes inflation. It also deliberately goes way out of its way to under measure it. Is it any wonder then that the Fed's historical record proves it has little ability to meet its own inflation target? As I explained in a commentary written a couple of month ago, the Fed has a tremendous amount of difficulty controlling inflation in either direction. In 7 out of the last 12 years, the Fed has been unable to achieve average annualized CPI of at least 2%. Therefore, 58% of the time the Fed has failed to reach its minimum inflation goal. Conversely, inflation spiked to double digits by 1975 and, after a brief pause in ’76-’77, eventually soared to 14.6% by early 1980. During this process, our central bank found it necessary to raise rates from 3.75% in February 1971, all the way to 20% by the middle of 1980. That doesn’t sound like inflation is easily managed does it? But the Fed is fond of trying to convince investors that is the case.
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Thursday, September 10, 2020
Unemployment Rate Drops. Will It Drag Gold Down? / Economics / Employment
By: Arkadiusz_Sieron
The U.S. labor market improved in August, although headlines paint too rosy a picture. What does it all mean for the gold market?Great news for the U.S. labor market: according to the BLS, the American economy regained 1.4 million jobs, while the unemployment rate fell below 10 percent for the first time in the pandemic era! To be more precise, the unemployment rate declined from 10.2 percent in July to 8.4 percent in August, as the chart below shows.
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Thursday, September 10, 2020
How Does The Global Economy Recover After This Global Pandemic? / Politics / Pandemic
By: Submissions
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Thursday, September 10, 2020
The Best Mobile Casino / Personal_Finance / Gambling
By: Submissions
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Wednesday, September 09, 2020
QE4EVER! / Interest-Rates / Quantitative Easing
By: Nadeem_Walayat
Virtually everything that cannot be easily printed is rocketing higher which includes GOLD! It's not hard to see why as a consequence of rampant money printing by governments across the world in the wake of the Coronavirus Pandemic economic depression. For instance the UK alone looks set to print about £550 billion this year most of which will be monetized by the Bank of England so that the government can pay the wages of about 1/3rd of Britains workforce for a good 6 months with likely many more economic stimulus measures to follow over the next 6 months towards fighting the Pandemics dire economic consequences.
Whilst the United States has printed $2.2 trillion of stimulus dollars to date with at least another $1.3 trillion to come, that's $3.5 trillion which dwarfs the 2008 financial crisis bailout of $720 billion. Funneling stimulus checks on an epic scale into the back pockets of every working age citizen. Printing money has REAL consequences which is REAL inflation hence what we have been witnessing in markets across the spectrum, and whist I have yet to take a peak at the housing markets, I would not be surprised if the UK housing market at least will start to experience a money printing inflationary boom over the coming year, this despite the fact that people have less disposable income to buy housing, but more on that in a future article.
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Wednesday, September 09, 2020
AMD Ryzen Zen 3 4800x 10 Core 5ghz CPU, Cinebench Benchmark Scores (Est.) / Personal_Finance / Computing
By: HGR
Latest Zen 3 speculation is that apart from the expected 16 core and 12 core top end processors there could also be a new 10 core 20 thread processor. Which makes sense given that processors that fail Quality control at 12 cores can have 2 of their worst cores disabled and then sold as 10 cores instead of having 4 cores disabled and being sold as 8 core 3800x processors, in fact the 10 core would be the new 4800x processor given that there is already a 8 core 3700x / 4700x. Also it would complete well against Intel's 10 core 10900k, so the 4800x should be a 5 ghz 10 core cpu that would go well with Nvidia's new RTX 3080.
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Wednesday, September 09, 2020
Stock Traders’ Dreams Come True – Big Technical Price Swings Pending on SP500 / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
RESEARCH HIGHLIGHTS:
- A potentially critical price inflection point and technical pattern setup that has nearly completed and validated over the past few days, weeks, and months.
- Potential flag/pennant formation on our Custom Valuations Index Weekly Chart shows a possible 11% to 16% (or more) downside price correction in SPY.
- Fibonacci Price Modeling system’s projects SPY downside target level near $284.50 before a bounce.
Over the past few weeks and months, my team and I have published a series of research articles suggesting the continued market melt-up was driven by speculation and the US Fed’s policies and support for the markets. We’ve also highlighted a number of technical patterns that have setup within various symbols that have generated strong warnings of a potential price reversal over the past few weeks. The biggest pattern has been the Head-and-Shoulders price patterns. The sudden downside price move in the NASDAQ, and other markets, last week caught many traders/investors off-guard. One day after a very strong rally in the US stock markets, the price reversed and sold-off nearly 6% – a shocking reversal of trend.
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Wednesday, September 09, 2020
Should You Be Concerned About The Stock Market Big Downside Rotation? / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
RESEARCH HIGHLIGHTS:
- Don’t panic. Technical Analysis does not confirm a deeper price correction at this time, nor does this appear to be the Bull-Trap we have been warning about… yet.
- We are waiting until next week to see if price confirms any new trend.
- Volatility should decrease if this is just a moderate price rotation.
Is this the “Bull-Trap” setup we have been warning about for some time now? Should traders be concerned about deeper downside price trends or a collapse in the markets?
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Tuesday, September 08, 2020
Options Traders Keep "Opting" for Even Higher Stock Market Prices / Stock-Markets / Stock Markets 2020
By: EWI
And this continued bullish behavior speaks volumes about the trend
What a rally!
After a swift and scary ride downward, the DJIA has climbed from a low of 18,213 on March 23 to near-record high territory.
Even so, many investors are still bullish, and they're backing up their conviction with a great enthusiasm for call options, which are bets on higher prices. (By contrast, as you probably know, put options are placed when market participants expect lower prices.)
This enthusiasm for call options has been on display for at least a couple of months now.
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Tuesday, September 08, 2020
Gold & Silver Shine as Fed Targets Bondholders for Capital Losses / Commodities / Gold & Silver 2020
By: MoneyMetals
As the tech-heavy stock market indexes sold off on Thursday, many investors were forced to re-think their positions.
For the past few months, mega cap technology companies like Apple, Amazon, and Tesla have led the market higher. Yesterday they led the market lower.
Now the question is: Where can investors look for leadership going forward?
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Tuesday, September 08, 2020
Gold Stocks in Correction Mode / Commodities / Gold and Silver Stocks 2020
By: Zeal_LLC
The gold miners’ stocks are mired in correction mode, which isn’t surprising after their mighty post-stock-panic upleg. Huge buying catapulting them higher left this sector extremely overbought. Corrections are normal and healthy after prices get too stretched technically. They eradicate upleg toppings’ excessive greed, rebalancing sentiment. That paves the way for bulls’ next uplegs, and offers great buying opportunities.
The most-popular gold-stock benchmark today is the GDX VanEck Vectors Gold Miners ETF. It includes the world’s biggest and best gold miners, dwarfing its peers in size. Launched way back in May 2006, GDX’s first-mover advantage has grown insurmountable. This ETF’s $17.9b in net assets this week are running 31.4x larger than its next biggest competitor’s in the 1x-long major-gold-miners-ETF space. GDX is king.
Gold stocks have a well-deserved reputation for excessive volatility, which is a key reason they are so alluring. When the stars align right for them, meaning a big and persistent gold upleg, their stock prices skyrocket! We just witnessed that in this sector’s enormous upleg following March’s COVID-19-lockdown-fueled stock panic. The subsequent gold-stock gains were among the largest out of all stock-market sectors.
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Tuesday, September 08, 2020
The law of long-term time preference and Gold ownership / Commodities / Gold & Silver 2020
By: Michael_J_Kosares
“Those who plan, invest and execute long-term win,’ says long-time market analyst R.E. McMaster in A Layman’s Guide to Golden Guidelines for Wise Money Management. “Win-win decisions, looking to the long term with short-term work and sacrifice, are historically the tickets to success in all areas of life – short-term sacrifice for long-term benefits, deferred gratification rather than instant gratification. This is the difference between wealth and poverty, between class and trash. Those who make primarily fear-based, ego-based, selfish, win-lose, lose-lose, emotional and/or short-term decisions as their primary mode of operation in life nearly always end up miserable, often as losers in a comprehensive sense in life. Such people are walking tornadoes to be avoided.” [The Law of Long-Term Time Preference]
Successful investors have a philosophy, usually carefully cultivated, that they rely upon in their investment decisions no matter what happens in the markets in the short-run. Too, successful investors, as R.E. McMaster points out above, are rarely shaken by short-term events and, rarer still, guilty of short-term thinking. USAGOLD has always nurtured the belief that gold should not be purchased principally as a speculative investment, but more as an asset accumulated for long-term wealth preservation in the form of coins and bullion. That, in fact, is a viewpoint it shares with the bulk of its clientele. Thus, when we have a sell-off like what occurred this past month, experienced gold investors usually view such events as buying opportunities and part of a normal, healthy market process.
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Tuesday, September 08, 2020
Gold Bull Markets: History and Prospects Ahead / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
Would you like to know one simple way of achieving investment successes and getting rich? That’s great, I will reveal this secret to you – and you even don’t have to click anything! The trick is to find a bull market and go long! And, what a coincidence, gold is right now in the bull market… If you don’t believe, then look at the chart below.Read full article... Read full article...
Tuesday, September 08, 2020
Sheffield City Centre Coronavirus Shopping Opera Ahead of Second Covid-19 Peak / Local / Sheffield
By: N_Walayat
This video takes an operatic shopping tour of Sheffield city centre as we count down to Britain's second covid-19 peak that will likely be higher than that which triggered the panic lockdown's late March. Thus shop whilst you can because lockdown's loom for all of Britians major cities largely due to relaxed behaviour of most people who can't even be bothered to wear their masks properly! It's supposed to cover your nose and mouth and not hang under your chin you damn fools! As this video illustrates!
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