Friday, June 05, 2020

Tying Gold Miners and USD Signals for What Comes Next / Commodities / Gold and Silver Stocks 2020

By: P_Radomski_CFA

The precious metals sector was likely to decline, and it did exactly that. And based on what we just saw, it’s likely to decline even more.

Once again, the situation yesterday and so far today developed quite in tune with what we wrote yesterday, so today’s analysis will take form of a broad update. Let’s take a look at the GLD ETF. In yesterday’s and Monday’s analyses, we described it in the following way:

Friday, June 05, 2020

Rigged Markets - Central Bank Hypnosis / Stock-Markets / Financial Markets 2020

By: The_Gold_Report

Sector expert Michael Ballanger bemoans the panic-inducing influence of politicians and the influx of "counterfeit currency" from central banks on the money and commodities markets.

One look at the chart of the U.S. financial markets against the backdrop of economic paralysis and suffering, and one is immediately filled with a myriad of emotions. Sympathy for those that have been afflicted by the most recent pandemic; fear for the families whose primary breadwinner is now unemployed; confusion toward the proper course of action going forward; and finally outrage at the abject timidity of our citizens in responding to the orders laid down by these insipid politicians in response to the crisis.

As the welfare of future generations hangs in the balance, its tentativeness the direct result of government ineptitude, I keep asking myself a critical question: "When did the backbone of our people turn to mush?" If someone holding political office had told my grandfather to stop ploughing his fields or tending to his livestock because a sickness was spreading throughout the community, that charlatan would have wound up with buckshot adorning his gluteus maximus. How dare any group of elected bureaucrats ordain the shutdown of an economy? Telling citizens to "stay home" and "avoid contact" was tantamount to telling my grandfather to cease and desist in providing for his family. That he should shutter the ploughs and the reapers and the milking stations, that his sons and daughters need not feed the chickens or slop the hogs because the government was going to "protect them" from harm? Well, not only would promises like that go unheeded by the generations that preceded us; they would be treated with the utmost of distrust and the vilest of response.

Friday, June 05, 2020

Gold’s role in the Greater Depression of 2020 / Commodities / Gold & Silver 2020

By: Raymond_Matison

The most important measure for an economy, its recovery or advancement is employment - that is, the availability of good-paying jobs.  When citizens have jobs, they earn an income with which they can pay for their needs, and pay taxes to the government for its needs.  So jobs and income, are the key determinants of a healthy, modern consumer-driven economy.  Over the last several decades business owners, globalists and bankers utilized foreign wage, borrowing cost, environmental and regulatory advantages to close production facilities in the U.S., moving thousands of factories and jobs to Asia.  This job migration decision can be reversed at any time; however, it will take as many decades to bring jobs back to the U.S. as it did to move them overseas.  Therefore, it will take many years to reverse this unfortunate U.S. worker-discriminating decision.  As an unfortunate result, we are now to experience the consequences of a depression (a long lasting recession) instead of a recession.

Some economic observers and pundits have already publically stated that we are now in an economic recession. Official acknowledgment would require the passage, retrospectively, of two quarters of negative GDP growth to confirm this.  However, considering all that has transpired since the beginning of this year in our country, admitting that we are now living in a recession is not a particularly bold projection.

Friday, June 05, 2020

Stock Market Grinding Higher / Stock-Markets / Stock Markets 2020

By: Ricky_Wen

Monday’s session was an inside day within a potential inside week/high-level consolidation context. Basically, the regular trading hours (RTH) session was confined to a 3059-3027 range on the Emini S&P 500 (ES), which is about 1%. In addition, as you may be aware by now, the average range per day has been narrowing for the past few weeks due to this methodical grind up and slower momentum when compared to Feb-April 2020. As previously discussed, the recent action is very similar to year 2019 as we’re seeing flashbacks from all the market tendencies of the easier overnight grind up and then chop around during RTH. (Nowadays, most gains have been made during globex vs RTH, hence easier setups during the overnight.)

Friday, June 05, 2020

UK Coronavirus Catastrophe Trend Analysis Video / Politics / Pandemic

By: Nadeem_Walayat

Britains half witted response to the coronavirus pandemic continues to unfold catastrophically, with bringing the pandemic under control virtually wholly left to the good sense of the general public to achieve as Government Ministers, MP's and Advisors fail to follow that which they have been preaching since the government ordered lockdown on the 23rd of March (a good 3 weeks too late).

Friday, June 05, 2020

Why Land Rover Discovery Sport SAT NAV is Crap, Use Google Maps Instead / Personal_Finance / Land Rover

By: HGR

Viewers requested a video on the Land Rover Discovery Sports Sat Nav, so heres what I shot a while ago but never got around to uploading, answers the question is the Disco sport Sat Nav any good?. Naah, it's crap. Watch the video and see for yourselves.

Thursday, June 04, 2020

Stock Market Election Year Cycles – What to Expect? / Stock-Markets / Stock Markets 2020

By: Chris_Vermeulen

Every election year over the past five US Presidential election cycles has presented a unique set of price rotation events.  Particularly evident in strongly contested US Presidential candidate battles where the voters are consumed with pre-election rhetoric.  The 2007-08 election cycle was, in our opinion, very similar to the current market cycle in terms of consumer sentiment and economic function. The 2015-16 election cycle was less similar – yet still important for our researchers.

The economic conditions of the US economy and the global economy were vastly different prior to each US Presidential election cycle and continue to evolve throughout the current 2020 election cycle. Yet, our researchers believe the correlation of price volatility and rotation combined with the distraction for consumers as the election process occupies the hearts and minds of almost everyone across the globe takes a toll on the markets.  Prior to almost any US Presidential, price volatility and trends tend to become much more exaggerated and extended.

Thursday, June 04, 2020

Social Unrest Rises as Confidence Falls / Politics / Pandemic

By: MoneyMetals

Protests egged on by the legacy media quickly devolved into large-scale riots and looting over the weekend in more than a dozen U.S. cities.

Some important institutions have betrayed the public trust, and Americans facing quarantine and staggering unemployment have arrived at the boiling point.

Meanwhile, the ranks of people buying gold and silver as a hedge against economic chaos and financial malfeasance swelled again in recent months.

Thursday, June 04, 2020

Why Solar Stocks Are Rallying Against All Odds / Companies / Solar Energy

By: Submissions

Watching the news is one of the most dangerous things you can do as an investor. I know it’s counterintuitive. After all, most investors want to be as informed as possible. But watching CNBC or any other financial media outlet won’t give you an “edge.”

Most news is “priced in” long before the talking heads cover it. In other words, investors who act on news are usually late. The mainstream media also fixates on bad news. And it’s no secret why: fear sells. But it’s not just the talking heads on TV that you need to worry about.  

The news you read online can be just as destructive to your wealth. You probably would have sold all your stocks back in March if you listened to all the negative headlines! This is why I never watch the news.

Thursday, June 04, 2020

East Asia Will Be a Post-Pandemic Success / Economics / Asian Economies

By: The_Gold_Report

In conversation with Maurice Jackson of Proven and Probable, Jayant Bhandari of Capitalism and Morality offers his take on what the post-COVID-19 world will look like.

Maurice Jackson: Joining us for a conversation is Jayant Bhandari, the founder of Capitalism & Morality, and a highly sought-out advisor to institutional investors.

Jayant, there are a lot of mixed, contentious emotions regarding COVID-19. Irrespective of one's position, it's incumbent for us all to prepare for how the world will function going forward. Let's discover which parts of the world, and how readers may thrive in a post coronavirus world.

Sir, you recently wrote a musing entitled "What the Post Coronavirus World Looks Like." In this piece, you outlined a number of distinctions that may create a great divide between East Asia, the West and Third World countries. From a 30,000-foot perspective, who do you see coming out as the winners, when and if the world returns to some aspect of normalcy, and why?

Thursday, June 04, 2020

Comparing Bitcoin to Other Market Sectors – Risk vs. Value / Stock-Markets / Financial Markets 2020

By: Chris_Vermeulen

Quite a few traders have been discussing the recent rally of Bitcoin to recently breach the $10,000 level on May 7, 2020.  This psychological price level is a major milestone for Bitcoin – even though the price has fallen into an extended Flag/Pennant formation since reaching the recent peak.  Many traders and speculators are expecting Bitcoin to rally alongside the precious metals sector as there appears to be a strong belief that Bitcoin aligns with precious metals well.  Our researchers attempted to put this assumption into a simple test and this is what we found.

Bitcoin appears to be similarly volatile in comparison to precious metals, although the overall trending of Bitcoin has been moderately lower since the peak levels in February 2020 whereas the Gold/Silver sectors have seen advancing price activity over the same span of time.  Precious metals rallied much quicker after the bottom near March 2020 whereas Bitcoin didn’t really begin to rally until late April 2020. Because of this disconnect in price association, we don’t believe Bitcoin is aligned with the precious metals segment. 

Wednesday, June 03, 2020

Covid, Debt and Precious Metals / Commodities / Gold & Silver 2020

By: Richard_Mills

Precious metals are loving the uncertainty the coronavirus has created. 

Despite limited successes some countries have had with reopening, the virus is nowhere near contained. As of this writing, close to 6 million worldwide are infected and 365,328 have died. The important columns in the table below from the heavily visited Worldometer's coronavirus page, are the yellow and red. 

Wednesday, June 03, 2020

Gold-Silver Ratio And Correlation / Commodities / Gold & Silver 2020

By: Kelsey_Williams

From Investopedia:

“Correlation is a statistic that measures the degree to which two variables move in relation to each other. Correlation measures association, but doesn’t show if x causes y or vice versa, or if the association is caused by a third–perhaps unseen–factor.”

In order for correlation to exist, there must be fundamentals that directly connect the two items being compared.

For example, there is a possible correlation between localized, bad weather and crop failures. But how do you predict the timing and extent, or the effects, to a degree that can be profitable?

Wednesday, June 03, 2020

The Corona Riots Begin, US Covid-19 Catastrophe Trend Analysis / Politics / US Politics

By: Nadeem_Walayat

President Trump recently successfully bullshitted the gullible mainstream media into believing that he was self medicating on the anti malaria Hydrosychloroquine, that includes side effects such as paranoia, delirium and herat attacks, so unlike Vitamin D, definitely not to be taken on a whim, bur rather after considering the evidence in its favour of actually working to combat a coronavirus infection for which there is a building case against as previous tweets by nut jobs have been exposed as being BS.

Wednesday, June 03, 2020

Stock Market Short-term Top? / Stock-Markets / Stock Markets 2020

By: Andre_Gratian

SPX: Long-term trend – We are in an official bear market

Intermediate trend – Concluding initial rally in a downtrend.

Analysis of the short-term trend is done daily with the help of hourly charts.  It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer market trends. 

Wednesday, June 03, 2020

Deflation: Why the "Japanification" of the U.S. Looms Large / Economics / Deflation

By: EWI

The U.S. faces the prospect of a Japan-like deflation.

Let's begin with a brief review of Japan.

Here's a chart and commentary from the 2020 edition of Robert Prechter's Conquer the Crash:

Wednesday, June 03, 2020

US Stock Market Sets Up Technical Patterns – Pay Attention / Stock-Markets / Stock Markets 2020

By: Chris_Vermeulen

The recent “melt-up” in the US stock market after a moderate downside price move in early May 2020 has set up a number of technical patterns that traders need to pay attention to.  This melt-up trend may continue for a bit longer, but price levels and actions are beginning to set up very clear patterns that warn of potential weakness in the future.

First, no matter how we attempt to spin the data, the US economy is very likely to fall into a moderate recession after the COVID-19 virus event has created a world-wide economic event and the recent riots and protests all across the US continue to disrupt and destroy property, businesses, and other assets.

It is almost like a one-two-three series of punches leading to a TKO.  We have the virus event, the stay-at-home orders, and now the riots and protests.  Recently, the National Guard has been called out to support local law enforcement and to protect people and properties. From our perspective, the situation is very far away from stable economic activity/growth supporting current stock price activity/levels.

Tuesday, June 02, 2020

UK Corona Catastrophe Trend Analysis / Politics / Pandemic

By: Nadeem_Walayat

The devastating consequences of the chinese Coronavirus catastrophe continues in terms of lives lost and severe economic contraction, which given who it's effecting and to what extent (the West) has all the hallmarks of being a bio-weapon that has in large part been engineered to target western population groups to a greater extent but which through negligence prematurely leaked out of the Wuhan bio lab and then proceeded to go on the rampage across world aided by infected Chinese travelers allowed to travel internationally whilst domestic flights out of Wuhan were suspended.

Tuesday, June 02, 2020

US Real Estate Stats Show Big Wave Of Refinancing Is Coming / Housing-Market / US Housing

By: Chris_Vermeulen

Current data released for the May Real Estate and Consumer Spending activity suggests a wave of refinancing is taking place – and not much else.  Pending home sales slipped to 69.  That level is 7.4 points below the lowest level in 2010 – at the height of the 2008-09 credit crisis that collapsed the global Real Estate values.  How big is this new low level in Pending home sales?  It’s HUGE.

It suggests the rate of sales in the US for Real Estate has collapsed beyond levels that were seen at the worst possible time in recent history (July 2010).  In fact, over the past 20 years, there has never been a time when the pending home sales index has collapsed below 74 to 75 – until today.

Tuesday, June 02, 2020

Let’s Make Sure This Crisis Doesn’t Go to Waste / Stock-Markets / Financial Markets 2020

By: John_Mauldin

A stock market crash wasn’t 1929’s only big event. Coca-Cola (KO) launched a new slogan: “The Pause That Refreshes.”

Coke’s marketers sensed the economy was headed down. How do you sell a completely unnecessary beverage to a struggling country? It’s simple, really: You remind consumers that treating themselves is important, too.